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Crypto Refactor Talk

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My talk at Crypto Refactor Camp 2018

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Crypto Refactor Talk

  1. 1. meta problems and the crypto opportunity @jwmares B Y J U S T I N M A R E S
  2. 2. today we’re going to talk about… @jwmares
  3. 3. specifically @jwmares
  4. 4. specifically @jwmares
  5. 5. @jwmares and how crypto can solve humanity’s next class of problems
  6. 6. @jwmares
  7. 7. @jwmares (2nd google image result from searching “crypto utopia”)
  8. 8. @jwmares but first
  9. 9. start with 2 assumptions @jwmares
  10. 10. start with 2 assumptions @jwmares 1. crypto = the internet of value
  11. 11. @jwmares crypto is: programmable trustless no gatekeepers
  12. 12. start with 2 assumptions @jwmares 1. crypto = the internet of value 2. crypto = enables new vectors of value creation and value capture
  13. 13. @jwmares new vectors of value capture hard drive space prediction / insight compute
  14. 14. @jwmares (takeaway)
  15. 15. @jwmares crypto enables market forces to solve problems capitalism is traditionally bad at solving
  16. 16. @jwmares what are those problems?
  17. 17. @jwmares what are those problems? - climate change
  18. 18. @jwmares what are those problems? - climate change - public health
  19. 19. @jwmares what are those problems? - climate change - public health - education
  20. 20. @jwmares what are those problems? - climate change - public health - education - infrastructure
  21. 21. @jwmares what are those problems? - climate change - public health - education - infrastructure (to name a few)
  22. 22. @jwmares tragedy of the commons negative externalities
  23. 23. @jwmares capitalism is good at solving problems where value is:
  24. 24. @jwmares capitalism is good at solving problems where value is: 1. narrowly created
  25. 25. @jwmares capitalism is good at solving problems where value is: 1. narrowly created 2. easily captured
  26. 26. @jwmares capitalism is good at solving problems where value is: 1. narrowly created 2. easily captured 3. over a short and defined time horizon
  27. 27. @jwmares and is terrible at solving problems that don’t fit those 3 criteria
  28. 28. @jwmares
  29. 29. how humanity solves problems broad value narrow value easily captured difficult to capture ??? multinational corporations individuals charity / government
  30. 30. @jwmares crypto will allow humanity to solve the next class of problems. ones where solutions will create broad value, but are hard to capture with existing tools
  31. 31. @jwmares crypto will allow humanity to solve the next class of problems. ones where solutions create broad value that’s hard to capture with existing tools.
  32. 32. @jwmares it will expose the engines of capitalism to a class of problems humanity struggles to solve.
  33. 33. @jwmares i call these
  34. 34. @jwmares i call these meta problems
  35. 35. @jwmares example: eradicate cancer
  36. 36. @jwmares most meta zero meta doctor hospital builder researcher *http://justinmares.com/meta-problems-and-the-problem-stack/ startup focused on cancer cancer-focused fund increase $$ going towards cancer research
  37. 37. @jwmares how does crypto help solve broad, hard-to-capture problems?
  38. 38. @jwmares 3 ways crypto will solve this class of meta problems
  39. 39. @jwmares 3 ways crypto will solve this class of meta problems 1. legibility
  40. 40. @jwmares * http://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/ szabo.best.vwh.net/synch.html
  41. 41. @jwmares micropayments + legibility micropayments + ubiquitous data allows for actions and transactions that should be priced, yet aren’t. can make the illegible, legible.
  42. 42. @jwmares example
  43. 43. @jwmares what this could look like
  44. 44. @jwmares allow for scalable investment in human capital - income share agreements - pay to move instruments - pay for discrete units of education what this could look like
  45. 45. @jwmares 3 ways crypto will solve this class of meta problems 1. legibility 2. shared network incentives
  46. 46. @jwmares shared network incentives cryptoeconomic networks can help overcome tragedy of the commons problems. these networks can align incentives to solve large-scale problems where incentives have traditionally been hard to navigate.
  47. 47. @jwmares
  48. 48. @jwmares “investing in crypto is like investing in linux”
  49. 49. @jwmares 3 ways crypto will solve this class of meta problems 1. legibility 2. shared network incentives 3. no reliance on trusted 3rd parties
  50. 50. @jwmares no reliance on trusted 3rd parties the decentralization of value creation and exchange allows for new markets. markets that trusted 3rd parties historically may have censored, blocked or corrupted.
  51. 51. @jwmares example
  52. 52. @jwmares example
  53. 53. @jwmares example
  54. 54. @jwmares - provable use of aid funding to reduce corruption what this could look like
  55. 55. how humanity solves problems broad value narrow value easily captured difficult to capture crypto networks multinational corporations individuals charity / government
  56. 56. @jwmares (last note) what does this enable? humanity to at-scale invest in our most underutilized resource - human capital
  57. 57. @jwmares goal - flourishing human society. a crypto-enabled society will out- compete other human societies because it can solve humanity’s next class of problems.
  58. 58. @jwmares discussion + q&a

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