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Blockchain Theory of Abundance Economics

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Blockchain Theory of Abundance Economics
1. Survival to Fulfillment
2. Scarcity to Availability
3. Centralization to Decentralization
Problem Statement: Algorithmic Reality of Complexity, Emergence, and non-Thinkability with effects of Technological Unemployment, Income Inequality
Solution: Blockchain Theory of Abundance Economics

Published in: Technology
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Blockchain Theory of Abundance Economics

  1. 1. Tempe AZ, May 24, 2016 Slides: http://slideshare.net/LaBlogga Melanie Swan Philosophy & Economic Theory New School for Social Research, NY NY melanie@BlockchainStudies.org A Hegelian Complexity Theory of Abundance Economics Part of a Series on Cryptophilosophy cryptophilosophy
  2. 2. May 24, 2016 Abundance Economics 1 Melanie Swan  Philosophy and Economic Theory, New School for Social Research, NY  Founder, Institute for Blockchain Studies  Singularity University Instructor; Institute for Ethics and Emerging Technology Affiliate Scholar; EDGE Essayist; FQXi Advisor (Foundational Questions Inst) Traditional Markets Background Economic Theory Leadership http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491 Book: Blockchain: Blueprint for a New Economy
  3. 3. May 24, 2016 Abundance Economics Thesis Statement 2 A new philosophy of economics is needed that is adequate to the contemporary moment, configuring a mindset shift from 1) survival to fulfillment, 2) scarcity to abundance, and 3) centralization to decentralization (scale)
  4. 4. May 24, 2016 Abundance Economics 3 http://www.robotandhwang.com/attorneys/ Law Firm, San Francisco CA Algorithmic Reality Developing empowering human-machine collaborations
  5. 5. May 24, 2016 Abundance Economics Definition What is Blockchain Technology? 4 http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491  A cryptographic information technology  A software protocol; email (SMTP) runs on TCP/IP, Bitcoin runs on underlying blockchain software  The software protocol is decentralized: each network node keeps the ledger (giant ‘Google doc spreadsheet’ of transactions); blocks (batches) of transactions posted sequentially to a ledger or chain  The software system confirms the transactions, independently confirming transactions as unique and valid without an intermediary (bank, government)  Bitcoin: digital money  No double-spend
  6. 6. May 24, 2016 Abundance Economics Evaluating Blockchain Ecosystem Risk 5 Network Infrastructure Organizational Paradigm  Bitcoin and blockchain consensus mechanisms are the initial, but perhaps not final positions in the build-out of the decentralized value-transfer infrastructure Decentralization Consensus Mechanism Blockchain-based Distributed Ledgers Cryptocurrency Value-exchange Token Bitcoin Platform Level: Current Leader: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
  7. 7. May 24, 2016 Abundance Economics Getting to Scale in Human Endeavor Moments in Artificial Intelligence & Computing 6 1. Biology becomes a math problem 2. Simple ML algorithms over large data corpora 3. Deep-learning algorithms: real-time image & video processing, lip-reading transcription
  8. 8. May 24, 2016 Abundance Economics Blockchain-class problems 7  Million-genome repositories (largest is 3700 currently)  Peter Turchin (U Conn), complexity, cliometrics, measure liberty available in a political system over time  Brain as a DAC; neural modeling of utility functions  Oculus Rift – connectome integration: experience sharing
  9. 9. May 24, 2016 Abundance Economics  Blockchain technology (distributed ledgers) allows a serious move into the Automation Economy, via secure value transfer previously unavailable with the Internet  Fair and orderly transition from the Labor Economy to the Automation and Actualization Economy Bigger Picture: Automation Economy 8 Information & Entertainment Manufacturing Health Economics & Finance Government & Legal Internet: Transfer of Information Internet: Secure Transfer of Value Sectors
  10. 10. May 24, 2016 Abundance Economics Algorithmic Reality  Proliferation of Computing Platforms  Increasing presence of technology  Everything is a math problem  Drones, self-driving cars, personal home robots, quantified-self gadgets, Siri- commanded mobile phones, blockchain smart contract DACs, tradenets, deep- learning algorithms, big data clouds, brain- computer interfaces, neural hacking devices, augmented reality headsets, deep-learning, gaming worlds 9 Source: Swan, M. Rethinking Authority With The Blockchain Crypto Enlightenment. Response to The Edge Question 2016: What do you consider the most interesting recent news? What makes it important? John Brockman, Ed., 2016.
  11. 11. May 24, 2016 Abundance Economics Algorithmic Reality: Gridworld, Cloudworld  Each technology class is a platform, network, and app store…the implication is cloudworld  Any platform can run any other  Every network is a Turing-complete general computational substrate for every other  Any technology can immediately ‘grok,’ simulate, and run any other  Cloudworld is the notion of a deep multiplicity of networks as a compositional element of new algorithmic realities  What does this mean for humans? 10
  12. 12. May 24, 2016 Abundance Economics Modern Relations with Technology 11 The Prosthetic Relation The Drone Relation L’Intrus (The Intruder) – Jean-Luc Nancy Théorie du drone (Drone Theory) – Gregoire Chamayou Impoverished relation: roving invisible Panopticon, never safe from unseen eyes Intimate relation: Accepting the foreign into our own body
  13. 13. May 24, 2016 Abundance Economics The Data Relation  Cloud, background, crunching away, silent tracking, continuous uploading  Algorithms predicting and even defining our preferences  What is our relation? Impoverished: neither side has full mental model of the other (the very basis for conducive interaction with another)  Data models humans as a sketch: purchasing agent not aspirational being  Humans have no way see, grasp or act on big data, it acts on us (drone relation) 12
  14. 14. May 24, 2016 Abundance Economics 13 Think through the problem of human-machine collaboration in one of the most vulnerable cases: opening our brains up to big data in BCI Cloudminds (cloud-based thinking collaborations)
  15. 15. May 24, 2016 Abundance Economics What is a Brain-Computer Interface (BCI)?  A brain-computer interface (BCI), brain- machine interface (BMI), or neural prosthesis is any technology linking the human brain to a computer  A computational system implanted in the brain that allows a person to control a computer using only brainwaves; for example reading the electrical signals from the brain as a person focuses on a computer screen  Used to repair human cognitive and sensory-motor function  Over 219,000 worldwide cochlear implants 14 Source: http://www.asha.org/public/hearing/Cochlear-Implant-Frequently-Asked-Questions/
  16. 16. May 24, 2016 Abundance Economics Future Applications of BCIs 24-7 connectivity to the Internet and other minds  Pathology resolution; cognitive enhancement; platform for human-machine collaboration  The BCI functionality of typing on a keyboard with the mind suggests the possibility of having an always-on brain-Internet connection  Cell phones connected every individual, BCIs connect every brain? (cloudmind, telepathic noosphere)  Ubiquitous BCIs, on-board smartphones (‘better horse’); new possibilities like cloudminds (‘car’)  Key functionality: 24-7 connectivity  Human cognitive processing continuously linked to the Internet and other minds in cloudminds via BCI, VR headset, QS wearables, smart contact lenses, etc. 15 Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
  17. 17. May 24, 2016 Abundance Economics BCI Governance Concerns  The potential advent of brain- computer interfaces (BCIs) that are ubiquitous and widely- adopted, where humans might be continuously connected to the Internet and other minds in cloudmind formats  Adoption risk solutions  Privacy, security, reversibility, credit assignation, and personal identity retention 16
  18. 18. May 24, 2016 Abundance Economics Reality (Physical & Algorithmic) is Complex  Complexity is a state or quality of being that is nonlinear, emergent, open, unpredictable and unknowable at the outset, self-organizing, and interdependent  General or reductive  Examples of complex adaptive systems include an anthill or a weather system 17 Source: Morin, Edgar. (2007). "Restricted complexity, general complexity." Trans. C. Gershenson. In Worldviews, Science and Us: Philosophy and Complexity, ed. C. Gershenson, D. Aerts, and B. Edmonds, 5–29. World Scientific, Singapore.
  19. 19. May 24, 2016 Abundance Economics Reality is Indeterminacy: Composable Possibility  Reality is complex and exists in a “raw material” state composable per action/observation  Light: wave-particle duality  Time: simultaneously discrete and continuous  Schrödinger's cat: dead or alive? 18 Source: http://phys.org/news/2015-03-particle.html, http://actu.epfl.ch/news/the-first-ever-photograph-of-light-as-both-a-parti The bottom 'slice' of the image shows the particles. The top image shows light as a wave. Particle Wave
  20. 20. May 24, 2016 Abundance Economics Not all Reality is Thinkable  Thinkability  Becoming aware of and coming to terms with phenomena that are “bigger” than humans  Features of the world that are outside our perceptual and experiential domains  Existing situations  Quantum physics, black holes, global warming, the Florida everglades, the biosphere, derivatives, capitalism, neuroscience, big data, blockchains  Radically-different future-tech situations  Life extension, digital societies, cloudminds 19
  21. 21. May 24, 2016 Abundance Economics Thinking Thinkability 20 Source:  Need new models for conceiving the correspondence between internal experience and the external world like radical contingency  Ancestrality (Meillassoux), hyperobjects (Morton), superjects (Hansen), object-oriented ontologies (Harman), black swans (Taleb)  Result: human existence decentered
  22. 22. May 24, 2016 Abundance Economics Georg Wilhelm Friedrich Hegel (1770–1831)  Phenomenology of Spirit  Development of individuals; continual progression and awareness, emergence  Shapes of Consciousness  Self-consciousness  Free Concrete Mind  Absolute Knowledge  Science of Logic  Philosophy of meaning, logic  Philosophy of Right  Social and political philosophy  Abstract Right and Morality  Ethical Life: Family, Civil Society, the State 21
  23. 23. May 24, 2016 Abundance Economics Hegel: FutureTech Philosophical Principles  Bildung – (education, self-formation) continuous life-long learning, always learning, growing into a new shape  Humans in “adolescence” – (thinkability) we don’t know what we don’t know until we progress; how can we know if we want life extension technologies?  Freedom expressed through bildung (Neuhauser)  Progressive shape-changing  Abstract to concrete  Sublation – distill useful truth kernel from previous state and bring it along with you as you move on; helpful way of incorporating yet departing from the past  Complexity - parts-whole, emergence, beyond baseline 22
  24. 24. May 24, 2016 Abundance Economics Agenda: Economic Abundance in 3 Acts  Current Situation and Problem: Algorithmic Reality  Complexity, Emergence, Thinkability  Technological Unemployment, Income Inequality  Solution: Abundance Economic Theory 23 1. Scarcity to Availability 2. Survival to Fulfillment Centralization to Decentralization 3.
  25. 25. May 24, 2016 Abundance Economics Technological Unemployment  “Technological breakthroughs endanger up to 47% of total employment in the US” – Carl Frey, Oxford, 2015  “Robots might take 50% of America's jobs” – Marshall Brain, 2011 24 Source: http://marshallbrain.com/robotic-nation.htm
  26. 26. May 24, 2016 Abundance Economics Next to Automate? Commercial Driving  “Autonomous Driving Long- Distance Trucks Will Be A Reality In Ten Years” – 2014  Vehicle-To-Vehicle "V2V" Communication networks 25 Source: http://truckyeah.jalopnik.com/autonomous-driving-long-distance-trucks-will-be-a-reali-1603746933
  27. 27. May 24, 2016 Abundance Economics Technological Unemployment (Pew study)  Potential Benefits  Tech advances have been a net creator of jobs  Adaptation through inventing new types of work  Technology is freedom from drudgery, and defines “work” in a more positive and socially beneficial way  Potential Costs  Automation impacting white-collar and blue-collar employment  Highly-skilled workers poised to succeed; others displaced into lower paying service industry jobs or permanent unemployment  Educational system inadequate for future work preparation 26 AI, Robotics, and the Future of Jobs, Pew Research Center, 2014 http://www.pewinternet.org/2014/08/06/future-of-jobs/
  28. 28. May 24, 2016 Abundance Economics No Shortage of Human Ingenuity 27 “If people have the talent to invent new machines that put people out of work, they have the talent to put those people back to work.” - President John F. Kennedy, 1962 http://www.theatlantic.com/magazine/archive/2015/07/world-without-work/395294/
  29. 29. May 24, 2016 Abundance Economics Top 10 Jobs of the Future 1. Neuro-Implant Technician 2. Urban Farmer 3. Virtual Reality Experience Designer 4. 3-D Printer Design Specialist 5. Smart-Home Handyperson 6. Remote Health Care Specialist 7. End-Of-Life Planner, Senior Carer 8. Professional Triber 9. Freelance Professor, Coach, Tutor 10. Personal Brand Coach and Manager 28 http://www.fastcompany.com/3046277/the-new-rules-of-work/the-top-jobs-in-10-years-might-not-be-what-you-expect
  30. 30. May 24, 2016 Abundance Economics 29 Life of the Future Now Jobs of the Future Reorientation to Jobs and Life of the Future
  31. 31. May 24, 2016 Abundance Economics 30 Life of the Future Life of the Future – Potential Categories  Jobs of the Future/Productive Engagement  Education/Training/Learning  Recreation, Teams  Exercise, Movement  Community Participation  Creativity/Artistic Expression  Music, Singing  Coaching/Teaching/Mentoring
  32. 32. May 24, 2016 Abundance Economics Economic Shift - Success Stories  Pittsburgh: from steel to “eds and meds”  Baltimore: from mills to townhomes  Middle East:  Dubai: oil to financial services; Abu Dhabi: Masdar energy city of the future; Saudi Arabia: KAUST 31
  33. 33. May 24, 2016 Abundance Economics Agenda: Economic Abundance in 3 Acts  Current Situation and Problem: Algorithmic Reality  Complexity, Emergence, Thinkability  Technological Unemployment, Income Inequality  Solution: Abundance Economic Theory 32 1. Scarcity to Availability 2. Survival to Fulfillment Centralization to Decentralization 3.
  34. 34. May 24, 2016 Abundance Economics Social Goods created by Abundance  Not just availability of material goods resolving the social pathology of scarcity but that new social goods are created through abundance  Social Goods of relief, contingency reduction, peer willingness, stress-easing, and cognitive surplus  Psychology of Certainty and Availability: A reliable ongoing feeling of certainty that material survival needs will be met (unprecedented)  Efficiency: much current cognitive and physical effort is tied up in anti-scarcity measures: hoarding, manipulation, and other anti-scarcity measures; ascertaining future availability of resources  Up-leveled focus: Relief of having a whole class of cognitively- exertional activities drop off the reality of what has to be considered for basic living 33 Sources: Social Goods, Social Pathology: Rousseau, Descartes, Augustin, Honneth, Neuhauser, Jaeggi http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
  35. 35. May 24, 2016 Abundance Economics Temporality Paradigms  Human-time  Continuous flow of physics-biology time  Compute-time: computing clocktime eras 1. General: time becomes stoppable and malleable 2. Machine learning/big data temporality: time becomes future-addressable  All human and natural patterns modeled  Shifts focus from reactive response to proactive attending to the real-time present and future 3. Blocktime: time becomes future-assignable, future-creatable 34
  36. 36. May 24, 2016 Abundance Economics Blocktime: Temporality of the Blockchain  Blockchain: decentralized computing software protocol upon which cryptographic ledgers like Bitcoin run  Blocktime: the temporal regime of cryptographic ledgers and smart contracts; time is specified in units of transaction block confirmation times, not minutes or hours like human-time or variability like “park closes at dark” 35 Source: Swan, M. Magic Blockchains, but for Time? Blockchain Arbitrage. http://ieet.org/index.php/IEET/more/Swan20151202
  37. 37. May 24, 2016 Abundance Economics Specify Future Time with Smart Contracts  Time has not been future-specifiable before, in the way that it can be assigned in blocktime smart contracts  Example: assign MTL (machine trust language) time primitives to a micropayment channel dapp as a time arbiter  Temporality as a Smart Contract feature  Contract-specifiable parameter per drop-down menu, just like legal regime  Blocktime specifications: time speed-ups, slow- downs, event-waiting, prediction markets, future event-positing 36 Source: MTL (machine trust language) time primitives: http://futurememes.blogspot.com/2015/11/machine-trust-language-mtl- human.html
  38. 38. May 24, 2016 Abundance Economics Conjecture: Blocktime “makes more time”  Any compute-time like blocktime creates a differential with human-time  Since there is a differential, it is possible to ‘make more time’ by accessing events in other time trajectories; thereby getting access to more time  Hedge or arbitrage between time regimes  Example of Blocktime Arbitrage: a decentralized peer-to-peer loan coming due in blocktime, without there being enough physical-world time cycles available for generating the ‘fiat resources’ to repay the loan 37 Source: Swan, M. Magic Blockchains, but for Time? Blockchain Arbitrage. http://ieet.org/index.php/IEET/more/Swan20151202
  39. 39. May 24, 2016 Abundance Economics “More time” Parallelism Argument  Core argument: having sense of “more time” due to ability to access events in other time trajectories  Future could be running parallel: Flesh- space self and various digital selves; thus acquiring “more time” through multiple and parallel experienced trajectories  History is a form of time parallelism  Time parallelism already exists via history where we access events pre-dating and existing outside of our own direct experience of time as individuals 38 Source: Carr, D. (2014). Experience and History: Phenomenological Perspectives on the Historical World.
  40. 40. May 24, 2016 Abundance Economics More philosophical questions raised…  Do we need “more time”?  How can we experience the benefit and meaning of more time and alternative time trajectories?  How to integrate myriad subjective time regimes and event trajectories?  Moore’s Law for time?  Limits of computational complexity and time? 39
  41. 41. May 24, 2016 Abundance Economics Agenda: Economic Abundance in 3 Acts  Current Situation and Problem: Algorithmic Reality  Complexity, Emergence, Thinkability  Technological Unemployment, Income Inequality  Solution: Abundance Economic Theory 40 1. Scarcity to Availability 2. Survival to Fulfillment Centralization to Decentralization 3.
  42. 42. May 24, 2016 Abundance Economics Enlightenment Theme: Rethinking Authority 41 “One ought to think autonomously, free of the dictates of external authority” - Immanuel Kant Kant, I. "Answering the Question: What Is Enlightenment?" (German: Beantwortung der Frage: Was ist Aufklärung?). 1784.
  43. 43. May 24, 2016 Abundance Economics Rethinking Economics and Governance  Recasting governance as abundance not extraction Actualization economy focuses on (1) sustainable material survival and (2) the social goods of liberation:  Self-respect, self-esteem, self-realization  Destabilize non-value-added elites, esprit of Rousseau, Rawls, Hegel: “When liberty is mentioned, we must be careful to observe whether it is not really the assertion of private interests which is thereby designated.” 42
  44. 44. May 24, 2016 Abundance Economics 43 The sense of duty of the citizen to serve the republic Civic Duty Civic Collaboration Ancient Greek Statesman Self-directed Cryptocitizen The sense of meaning and purpose in participating in community sustainability http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491 Vision New Polis is the Self-sustaining Micropolis
  45. 45. May 24, 2016 Abundance Economics Cryptosustainability Micropolis Example: Peer-to-peer Microgrids  Transactive Grid, President Street, Brooklyn NY (Mar 2016)  Grid Singularity (Vienna Austria), SolarCoin (MIT)  Peergrid local energy exchange  Citizen-owned solar panels  Blockchain-based peer-to-peer buying and selling (Ethereum)  Energy and money goes into local economy 44 Source: https://www.newscientist.com/article/2079334-blockchain-based-microgrid-gives-power-to-consumers-in-new-york/
  46. 46. May 24, 2016 Abundance Economics Cryptosustainability Micropolis Example Neighbor.ly Self-directed Community Bonds  Modern Public Finance, P2P municipal bonds  $1 billion / day public finance market  Low accountability, corruption, waste, multiple layers of unnecessary transaction-fee taking without adding value  Community project funding (school, road, bridge)  Self-directed investment in civic projects of affinity  Transportation, energy, schools, parks 45
  47. 47. May 24, 2016 Abundance Economics Smart Property and Smart Contracts  Implications: a future of cryptographically- activated assets and actions…  …physical and intellectual property might be registered and transacted via blockchains as smart property, and  …agreements, contractual relationships, societal record-keeping, and governance might be enacted through code-based smart contracts 46
  48. 48. May 24, 2016 Abundance Economics What is Smart Property?  Register assets to blockchain via unique key  Real-time GPS ‘LoJack’ tracking for any asset  Blockchain becomes an inventory, tracking, and exchange mechanism for hard assets  Smart Property example projects  Blocktrace ledger tracks diamonds  Provenance.org tracks supply chain authenticity  OpenBazaar decentralized Craigslist exchange  Factom-HealthNautica medical billing and claims  Drug and equipment inventory, including origin and servicing records 47 https://openbazaar.org/, http://www.edgelogic.net/blocktrace, Provenance: https://www.youtube.com/watch?v=SqIUBn80pg4 http://cointelegraph.com/news/114053/factoms-latest-partnership-takes-on-us-healthcare
  49. 49. May 24, 2016 Abundance Economics Smart Property - Intangible  Notary Service, Attestation  Register contracts, agreements, wills (Proof of Existence, Factom)  Register, protect, and transact IP (Monegraph, Ascribe)  How it works  Hash + timestamp + blockchain record 48 http://www.proofofexistence.com/
  50. 50. May 24, 2016 Abundance Economics What are Smart Contracts? 49  Agreements between parties posted to the blockchain for automated execution  Human-human interaction  Technological-entity operation  Patterns of interaction in society  Software models most world systems now  Software services can encode these patterns (smart contracts as decentralized SaaS) to facilitate the patterns of human interaction  Example: Starbucks facilitates the pattern of coffee for tokens exchange  Code Projects: Ethereum, Etherparty, Eris Woods, G.; https://www.youtube.com/watch?v=Q2CNayXbRKI, http://financialcryptography.com/mt/archives/001555.html, https://eng.erisindustries.com/smart%20contracts/2014/12/17/dennys-smart-contracting/ , http://forum.ethereum.org/discussion/1402/how-to-get-started-your-first-dapp-under-one-hour,
  51. 51. May 24, 2016 Abundance Economics Theme: Human-Technology Entity Collaboration 50 http://www.robotandhwang.com/attorneys/  “Law is something to be radically reshaped by the emergence of technology, it is about the management and manipulation of data on an entirely new scale” - Richard Susskind
  52. 52. May 24, 2016 Abundance Economics Technologically-binding vs. Legally-binding  Different frameworks  Technologically-binding: Inexorably executing code contracts (Lessig: "code is law") that cannot be breached, and will proceed unstoppably even if conditions have changed  Legally-binding: Discretionary compliance, semantic flexibility of human-partied contracts  Key shift: Auto-executing code could become prevalent not anecdotal (mortgage industry) 51 Primavera De Filippi on Ethereum: Freenet or Skynet? https://www.youtube.com/watch?v=slhuidzccpI
  53. 53. May 24, 2016 Abundance Economics Cryptolaw  Intersection of technological (inexorable, uninfringeable) and legal frameworks (flexible)  Separate legal system needed for smart contracts?  Smart contract regulation: impossible to enforce smart contracts with current law  Example: a decentralized program already launched and running is difficult to control, regulate, or sue for damages  Smart contracts impact not just contract law, but more broadly social contracts within society  What kind of social contracts do we humans want with technological entities? 52
  54. 54. May 24, 2016 Abundance Economics Cryptolaw and Societal Design Implications  Emerging that we need new ways of building societal shared trust through: 1. Transparency 2. Legal frameworks that are still relevant, but perhaps enacted at the level of the contract (not federal/state)  Not lawlessness, legal framework as a selectable parameter like jurisdiction (like Creative Commons license drop-downs) 3. More becomes ‘legal’ since monitoring is impossible  More tolerance of existing patterns of interaction in society  Result: Less deception; more truth, transparency, disclosure, acknowledgment  Everyone in the system is taking part consensually  Result: more self-determination of societal participants 53 http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
  55. 55. May 24, 2016 Abundance Economics Blockchains help Singularity-class Problems 54 http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491  Blockchain functionality principles  Very-large scale automated system of checks and balances; all ‘transactions’ must confirm via reputation confirmation, algorithmic trust and smartnetwork consensus mechanisms  Friendly AI  Autonomous lab robots: On-chain DAC IP discovery tracking  Blockchain nano-compilers (worry: Grey Goo unchecked nanotech proliferation): signed like synbio  As physical-world engineers sign the bridges they build (literally, pride and responsibility), synbio engineers ‘sign’ DNA designs and building blocks (‘signing’ is unavoidable), and so too propositional nanotech constructions would be 1) signed by bona fide engineers, and 2) not be able to avoid having a traceable signature by befouled players (malicious or otherwise)
  56. 56. May 24, 2016 Abundance Economics Spacechains: Blockchains in Space 55 http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491  Blockchains: not just Earth-class technology, an extra-terrestrial-class technology for space projects  Blockchains – not just to coordinate very-large Earth-class terrestrial projects like billion-member DNA databanks and EMRs, space-class problems too  Space Applications: Space settlement, terraforming, asteroid mining, fuel generation, bombardment monitoring, basic science observation; colored-coin ledgers for energy, settlement, transport, supplies  Terrestrial Applications: fragility alleviation  Data center back-up, geomagnetic solar protection, existential risk reduction, Bitcoin in space (BitSats (like CubeSats))
  57. 57. May 24, 2016 Abundance Economics Blockchain IOT 56 http://www.zdnet.com/article/internet-of-things-market-to-hit-7-1-trillion-by-2020-idc/, http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491  M2M/IOT Bitcoin payment network to enable the machine economy  IOT 2020: 26 bn devices in a $7 tn market  The economic layer the web never had  Smarthome IOT networks  Self-mining ecologies  Privacy orchestration: devices, robotics, digital personal health assistants  Blockchains: economic principle-driven large-scale resource allocation and coordination mechanisms Smartcity Connected Car Coordination Smarthome IOT and Personal Robotics Coordination
  58. 58. May 24, 2016 Abundance Economics Blockchains: Global and Liberty-enhancing 57  Global governance for transnational organizations  WikiLeaks, ICANN, Wikipedia  Benefits of blockchain administration  Uplift to cloud from local jurisdictional regulations  Universal administration mechanism for global organizations  Structure promotes transparency, accountability, freedom  Namecoin: decentralized DNS http://www.forbes.com/sites/andygreenberg/2010/12/07/visa-mastercard-move-to-choke-wikileaks/ Snowden Affair
  59. 59. May 24, 2016 Abundance Economics Blockchain Government  Opt-in Personalized Government  Composting vs education  Reputation-based ID system, voting, dispute resolution, national income distribution, public documents registration and repository  Precedentcoin  Crowdsourced legal services, justice entrepreneurs, blockchain arbitration  Sidekik  On-demand tele-attorney, private police 58 http://www.bitnation.co/, https://bitcoinmagazine.com/17066/first-blockchain-wedding-2/, https://bitcoinmagazine.com/19813/sidekik-decentralized-video-streaming-storage/ World’s First Blockchain Marriage: David Mondrus and Joyce Bayo, October 5, 2014, Disney World FL, Coins in the Kingdom Bitcoin Conference, Jeffrey Tucker (Liberty.me) presiding
  60. 60. May 24, 2016 Abundance Economics Blockchain Representation and Voting  Futarchy, two-step program 1. Traditional vote on outcomes (ex: GDP) 2. Prediction markets to determine specific proposals for achieving the outcome  Delegative democracy (Liquid Democracy)  Voting power temporarily vested in delegates not long-term representatives  Group proposition development  Random Sample Elections  Randomly selected individuals vote on a single issue, blockchain orchestration 59 https://bitcoinmagazine.com/17066/first-blockchain-wedding-2/, http://www.bitnation-blog.com/latest-update-dec-22nd-2014/
  61. 61. May 24, 2016 Abundance Economics Blockchain Legal  Notary Service, Attestation  Register contracts, agreements, wills (Proof of Existence, Factom)  Register, protect, and transact IP (Monegraph, Ascribe)  How it works  Hash + timestamp + blockchain record 60 http://www.proofofexistence.com/
  62. 62. May 24, 2016 Abundance Economics Blockchain Science and What is Mining?  Mining is the process of adding transaction records to the public ledger by performing a computing task that is costly to execute but easy to verify  Issue: mining is purposefully wasteful to deter malicious players  ‘Green’ mining projects  Primecoin  Foldingcoin  Gridcoin  Zennet 61 http://www.righto.com/2014/02/bitcoin-mining-hard-way-algorithms.html, http://codinginmysleep.com/bitcoin-mining-in-plain-english/
  63. 63. May 24, 2016 Abundance Economics Blockchain Health  Blockchain technology in health-related applications 1. EMRs: Personal Health Record Storage and Access  Personal health records stored and administered via blockchain  Users key-permission doctors and other parties into records 2. Health Research Commons  Aggregated personal medical records, quantified self data commons (DNA.bits), genome and connectome files 3. Health Document Notary Services  Proof-of-insurance, test results, prescriptions, status, condition, treatment, physician referrals 4. Doctor Vendor RFP Services  (Like Uber drivers) doctors and health practices bid to supply medical services; automated bidding via tradenets 62 http://futurememes.blogspot.fr/2014/09/blockchain-health-remunerative-health.html
  64. 64. May 24, 2016 Abundance Economics Blockchain Genomics 63  Jurisdictional regulation prevents individuals from having access to their own genetic data http://genomesunzipped.org/2011/03/people-have-a-right-to-access-their-own-genetic-information.php
  65. 65. May 24, 2016 Abundance Economics Blockchain Art 64 http://cryptoart.com/  Fine art paper wallets
  66. 66. May 24, 2016 Abundance Economics Blockchain Art 65 https://bitcointalk.org/index.php?topic=98392.0  Cryptographic art
  67. 67. May 24, 2016 Abundance Economics Blockchain Art 66 Rio, Tel Aviv, Hamburg, Barcelona, Seoul, Tokyo, New York http://bitfilm.com/festival.html
  68. 68. May 24, 2016 Abundance Economics Blockchain Literacy  ‘Bitcoin MOOCs,’ ‘Kiva for literacy’  Peer-to-peer learning contracts  Literacy beyond reading  Technical, Agricultural, Vocational Literacy  Blockchain-based personal development contracts  QS-biometric utility function imputation and tracking  Maslow chains, subjectivation and actualization chains  Development Economics 2.0  Literacy contracts, remittances, blockchain-tracked aid, microcredit, decentralized credit bureaus  Open-source FICO scores  Peer-vouched reputation 67
  69. 69. May 24, 2016 Abundance Economics 68 Conclusion: Welcome to the New Economy!
  70. 70. May 24, 2016 Abundance Economics 69 “Siri, could you have Amazon drone me a beer?”
  71. 71. May 24, 2016 Abundance Economics DIY Biohacker Labs Example: citizen science microbiome sequencing 70 Source: Counter Culture Labs
  72. 72. May 24, 2016 Abundance Economics Cafeteria of the Future Hydroponic microgreens for lunch? 71
  73. 73. May 24, 2016 Abundance Economics Thesis Statement 72 A new philosophy of economics is needed that is adequate to the contemporary moment, configuring a mindset shift from 1) survival to fulfillment, 2) scarcity to abundance, and 3) centralization to decentralization (scale)
  74. 74. May 24, 2016 Abundance Economics Hegel 73 “The owl of Minerva spreads its wings only with the falling of the dusk” - Hegel, Philosophy of Right Meaning: traditionally, we have only learned from events after they have happened; where the implication is that some means of prescriptive wisdom is needed to prepare for events
  75. 75. Tempe AZ, May 24, 2016 Slides: http://slideshare.net/LaBlogga Melanie Swan Philosophy & Economic Theory New School for Social Research, NY NY melanie@BlockchainStudies.org A Hegelian Complexity Theory of Abundance Economics Part of a Series on Cryptophilosophy cryptophilosophy Thank You! Questions?
  76. 76. May 24, 2016 Abundance Economics Maximum possibility is open-ended and unbounded in both structural trajectories (form) and content emergent, complex, novel, creative Abundance is a social good 75 BaselineMaximum possibility is recouping baseline (a pre-specified and externally-imposed ideal) Scarcity is a social pathology: To count as flourishing requires not just alleviating suffering and surviving (i.e.; recouping baseline), but emergent abundance Philosophy of Abundance Abundance Sources: Philosophical support via Spinoza, Deleuze, Simondon

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