Successfully reported this slideshow.
Your SlideShare is downloading. ×

Crypto Jamming

Crypto Jamming

Download to read offline

Blockchain Crypto Jamming: Subverting the Instrumental Economy
The ultimate subversion is money, refusing the pecuniary resources of the state. This project applies a philosophical and critical theory lens to examine the use of nomenclature in one of the most radical longitudinal transformations in contemporary times, the shift away from state-run monetary resources towards cryptocurrencies and smart contracts in citizen-determined decentralized financial networks.

A Cryptoeconomic Theory of Social Change is presented in which linguistic progression serves as a tracking mechanism. The steps to lasting change have their own vocabulary (Brandom). First, there is the social critique, the complaint about what is wrong, the negative side (Adorno and Horkheimer highlight instrumental reason and the empty culture industry). Second, there is the antidote, an alternative that can overcome the complaint, the positive side. Third, the solution becomes the new reality, and as a consequence, the whole of reality is now seen in this context, adopting its vocabulary (“fiat health” system for example, referring to the antiquated method). The social movement graduates from language game (Wittgenstein) to form of life (Jaeggi).

Blockchains are Occupy with teeth, notable in the level of personal responsibility-taking by individuals to steward their own financial resources. The crypto citizen is not merely trading CryptoKitties and Bored Ape Yacht Club tokens, but getting blocktime loans through DeFi liquidity pools instead of fiat banks, earning labor income in crypto, and shifting all economic activity to blockchain networks. The artworld signals mainstream acceptance with Christie’s non-fungible token digital artwork auctioned from Beeple for $61 million. At the global level, coin communities constitute a new form of Kardashev-level (planetary-scale) democracy. Blockchains emerge as a robust smart network automation technology for super-class projects ranging from space-faring to quantum computing and thought-tokening. The further stakes of this work are having a language-based theory of social change with broad applicability to social transformation.

Blockchain Crypto Jamming: Subverting the Instrumental Economy
The ultimate subversion is money, refusing the pecuniary resources of the state. This project applies a philosophical and critical theory lens to examine the use of nomenclature in one of the most radical longitudinal transformations in contemporary times, the shift away from state-run monetary resources towards cryptocurrencies and smart contracts in citizen-determined decentralized financial networks.

A Cryptoeconomic Theory of Social Change is presented in which linguistic progression serves as a tracking mechanism. The steps to lasting change have their own vocabulary (Brandom). First, there is the social critique, the complaint about what is wrong, the negative side (Adorno and Horkheimer highlight instrumental reason and the empty culture industry). Second, there is the antidote, an alternative that can overcome the complaint, the positive side. Third, the solution becomes the new reality, and as a consequence, the whole of reality is now seen in this context, adopting its vocabulary (“fiat health” system for example, referring to the antiquated method). The social movement graduates from language game (Wittgenstein) to form of life (Jaeggi).

Blockchains are Occupy with teeth, notable in the level of personal responsibility-taking by individuals to steward their own financial resources. The crypto citizen is not merely trading CryptoKitties and Bored Ape Yacht Club tokens, but getting blocktime loans through DeFi liquidity pools instead of fiat banks, earning labor income in crypto, and shifting all economic activity to blockchain networks. The artworld signals mainstream acceptance with Christie’s non-fungible token digital artwork auctioned from Beeple for $61 million. At the global level, coin communities constitute a new form of Kardashev-level (planetary-scale) democracy. Blockchains emerge as a robust smart network automation technology for super-class projects ranging from space-faring to quantum computing and thought-tokening. The further stakes of this work are having a language-based theory of social change with broad applicability to social transformation.

More Related Content

Related Books

Free with a 30 day trial from Scribd

See all

Crypto Jamming

  1. 1. Blockchain Crypto Jamming Economic Self-Determination and Subverting the Instrumental Economy California State University Long Beach Los Angeles CA 14 Apr 2022 Slides: http://slideshare.net/LaBlogga Melanie Swan, MBA, PhD Quantum Technologies Centre for Blockchain Technologies University College London Seven Joys of the Virgin, Memling, 1480
  2. 2. 14 Apr 2022 Crypto Jamming internet transfer. 1 information. email. voice. video. money. neural files. High Sensitivity Low Sensitivity Medium Sensitivity Transfer various types of content via the internet, each traffic type has its own instructions or protocol (webpages with http; mail with smtp; voice with voip; and blockchain is the protocol for transferring money) The file header indicates the traffic type, software version, routing, etc. Challenge: secure internet transfer of increasingly valuable files There’s a protocol for that~!
  3. 3. 14 Apr 2022 Crypto Jamming Language as Intervention 2 Cryptoeconomic Language-based Theory of Social Change Function Thinker School Description Examples 1. Contextualization Language definition: Vocabulary Brandom American Pragmatism A vocabulary is linguistic and social practices that create new purposes Critical discourses Geopolitics of equity 2. Diagnosis (Dx) (negative) (critique) Adorno & Horkheimer Critical Theory Instrumental reason is the structure of reason as an instrument or tool, without substantive content; pervasive in modernity (science, morality, art) Uncritical reasoning and consumption, directed by mass-market culture industry, commodification Instrumental reason Instrumental economy Banned books explodes demand 3. Remedy (Rx) (positive) (constructive) Wittgenstein Analytic Jaeggi Frankfurt School Language Games: meaning through use Forms of Life: real-life social practices; language- games as they are actually played; forms of life constitute a specific field of practices and attitudes Fiat bank/fiat health system Coin communities, mainnet There’s a protocol for that~!
  4. 4. 14 Apr 2022 Crypto Jamming Vocabulary in the Crypto Citizen form of life 3 decentralization economic civil resistance mainnet testnet metamask ERC-720 token tokenized assets blocktime blockheight quantum blockchains minority chain reward-halving automated slashing coin burning ceremony coin joining uniswap dog coins DogeCoin ZK roll-ups Zero-Knowledge Proofs Bullet Proofs Proof-of-time-and-space Proof-of-Storage payment channel SHA-256 optimistic roll-ups self-sovereignty coin communities fiat money cryptokitties MEV (miner extractable value) crypto crash mid-blocker Bitcoin salaries Proof-of-Work Proof-of-Stake entropy chains consensus algorithm stablecoins protocol gossiping protocol (broadcast) smart contract enterprise chain provenance chain NFT (non-fungible token) NGT (non-fungible genome token) burn address Bitcoin Litecoin burn address coin-mixing state machine global provisionless cryptocurrency cold storage hot wallet core developers BIP (Bitcoin improvement protocol) quadratic funding payment channel national digital currency post-debt capital health chains pharmaceutical chains Bored Ape Yacht Club DLT (distributed ledger technology) hash-time-lock transaction sidechains off-chain rebalancing El Too scaling Byzantine General’s problem cypherpunk mining quantum cryptography contracts for difference weather bet self-executing agreement public goods DeFi (decentralized finance) bored ape yacht club lot serialization chain supply chain blockchain Hyperledger network hash power Metcalfe’s law blocksize debate big blocker hashing algorithms Filecoin Ethereum virtual machine payment channel automatic rebalancing sign a closing transaction consensus layer transaction layer Satoshi Nakamoto sharding Ethereum ecosystem yield farming finance pools ICO (initial coin offering) coinbase coindrop Bitcoin ATM satoshis
  5. 5. 14 Apr 2022 Crypto Jamming Non-fungible tokens (NFTs)  NFT: unique token registered to a blockchain  CryptoKitties (early NFT)  Ethereum smart contracts for breeding digital cats  CryptoDragons game: own dragon NFT and feed it CryptoKitties (send the dragon contract tokens from the kitties contract)  NFT marketplaces  Mint cryptoart: OpenSea, Rarible, Foundation  NFT registries of physical-world assets  Baseball cards (Candy Digital), Marvel comics (VeVe), Hot Wheels cars (Wax)  Owner/author rights  SIAE Italy 4.5 mn author rights tokenized (Algorand)  Genomics (Nebula Genomics) (Oasis)  Pharmaceutical supply chain (MediLedger) 4 “Catribute” DNA
  6. 6. 14 Apr 2022 Crypto Jamming Crypto Citizen Sensibility 5 Serving the republic Civic Duty Civic Collaboration Greek Senate Self-directed Crypto Citizen Realizing meaningful projects http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
  7. 7. Blockchain Crypto Jamming Economic Self-Determination and Subverting the Instrumental Economy California State University Long Beach Los Angeles CA 14 Apr 2022 Slides: http://slideshare.net/LaBlogga Melanie Swan, MBA, PhD Quantum Technologies Centre for Blockchain Technologies University College London Seven Joys of the Virgin, Memling, 1480 Thank you! Questions?
  8. 8. 14 Apr 2022 Crypto Jamming Blockchain jokes 7  How many miners does it take to change a lightbulb?  1, but 99+ to compete for it and check the work  Blockchain-registered digital images of Gandalf?  Non-fungible Tolkiens  Where do Eskimos keep their Bitcoin?  In a cold wallet  Why is the Bitcoin difficulty so high?  Too much hash (power)  What did the Valley Girl quantum crypto-trader say?  “Like, I’m so Shor” (Shor’s algorithm breaks classical crypto)
  9. 9. 14 Apr 2022 Crypto Jamming How does Bitcoin (any cryptocurrency) work? Use Wallet app to submit transaction 8 Scan recipient address and submit transaction Address: 32-character alphanumeric string Coin appears in recipient wallet (receive immediately, confirm later) Wallet has keys not money Creates PKI signature address pairs A unique PKI signature for each transaction PKI: public-private key pair (cryptography standard ) Source: https://www.youtube.com/watch?v=t5JGQXCTe3c
  10. 10. 14 Apr 2022 Crypto Jamming What happens in the background? P2P network confirms & records transaction 9 Source: https://www.youtube.com/watch?v=t5JGQXCTe3c Transaction computationally confirmed and ledger account balances updated Transactions submitted to a pool and miners assemble new batch (block) of transactions each 10 min (btc) Each block: transactions and a cryptographic hash of the last block, chaining the blocks, hence “blockchain” Wallet 1 Wallet 2 Peer network maintains the blockchain: ledger nodes and mining nodes Citizen Infrastructure Github
  11. 11. 14 Apr 2022 Crypto Jamming How robust is the network? 10 Source: https://getaddr.bitnodes.io/  15,712 global nodes hosting Bitcoin ledger (Apr 2022)  Historical context: 5,404 global nodes (Dec 2016)
  12. 12. 14 Apr 2022 Crypto Jamming Source: https://www.seattletimes.com/business/bitcoin-miners-exit-china-beat-a-path-to-the-u-s-as-crypto-climate-shifts/ 11 Source: https://www.illumina.com/science/technology/next-generation-sequencing.html Mining shifting to US as China bans cryptocurrency production (June 2021) USD $45 million/day business: block reward 6.25 btc/block ($312,500) x 6 blocks/hour x 24 hours/day ~= $45,000,000 (at Bitcoin = $50,000) Mining. technical deep-dive.  Miners calculate a hash value using the block header (constant for a specific block) and a nonce (random string changed repeatedly) to create a hash output that hopefully meets the block requirements
  13. 13. 14 Apr 2022 Crypto Jamming PoW mining energy consumption  Proof-of-work competition among miners ensures security of blockchain ledger  Critics argue “wasteful” use of resources but provides secure computational system (730,000 btc blocks Jan 2009-Apr 2022)  39 per cent of proof-of-work mining is powered by renewable energy, primarily hydroelectric energy (Cambridge study, 2021)  Alternatives: proof-of-stake, entropy  Energy consumption 12 Sources: Statista. (2021). https://www.statista.com/chart/18632/estimated-annual-electricity-consumption-of-bitcoin/ Blandin, A. et al. (2021). 3rd Global Cryptographic Benchmarking Study. University of Cambridge.  Less than all the world’s data centers  Less than China, USA, Germany  Less overhead than worldwide bank branch infrastructure  Resource substitution from physical to digital domain
  14. 14. 14 Apr 2022 Crypto Jamming Cryptoeconomics (digital economic system)  Blockchain (distributed ledger technology): distributed database of asset ownership 1.0 Cryptocurrency (Bitcoin) 2.0 Smart contracts (Ethereum)  Automatically-executing blockchain contract  DeFi (decentralized finance) 3.0 Beyond financial markets applications  Problem: need for trustable information  Cryptographically tamper-resistant  Computational verification, zero-knowledge proofs  Cryptographically-trustable space applications  Time-keeping, secure comms, supply chain  Transnational economic system, contracting 13 Digital financial and legal infrastructure Digital institutions better serving the public good Blockchain 1.0: Currency Blockchain 2.0: Contracts Blockchain 3.0: Beyond financial market applications: space, genomics, supply chain Blueprint for a New Economy

×