Blockchain Theory of Abundance Economics

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

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

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)

May 24, 2016
http://www.robotandhwang.com/attorneys/
Law Firm,
San Francisco CA
Algorithmic Reality
Developing
empowering
human-machine
collaborations

May 24, 2016
Abundance Economics
Definition
What is Blockchain Technology?
4
 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

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:

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

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

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

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.

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

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

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

May 24, 2016
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)

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/

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

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

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.

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

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

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

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

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

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.

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

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

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/

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/

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

May 24, 2016
Life of the
Future
Now
Jobs of the
Future
Reorientation to Jobs and Life of the Future

May 24, 2016
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

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

May 24, 2016
Abundance Economics
32
1.
2.
3.

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

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

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

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

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

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.

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

May 24, 2016
Abundance Economics
40
1.
2.
3.

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.

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

May 24, 2016
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
Vision
New Polis is the Self-sustaining Micropolis

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/

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

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

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

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/

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,

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

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

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

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

May 24, 2016
Abundance Economics
Blockchains help Singularity-class Problems
54
 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)

May 24, 2016
Abundance Economics
Spacechains: Blockchains in Space
55
 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))

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/,
 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

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

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

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/

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/

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/

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

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

May 24, 2016
Abundance Economics
Blockchain Art
64
http://cryptoart.com/
 Fine art paper wallets

May 24, 2016
Abundance Economics
Blockchain Art
65
https://bitcointalk.org/index.php?topic=98392.0
 Cryptographic art

May 24, 2016
Abundance Economics
Blockchain Art
66
Rio, Tel Aviv, Hamburg, Barcelona, Seoul, Tokyo, New York
http://bitfilm.com/festival.html

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

May 24, 2016
Conclusion:
Welcome to the New
Economy!

May 24, 2016
“Siri, could you have
Amazon drone me a
beer?”

May 24, 2016
Abundance Economics
DIY Biohacker Labs
Example: citizen science microbiome sequencing
70
Source: Counter Culture Labs

May 24, 2016
Abundance Economics
Cafeteria of the Future
Hydroponic microgreens for lunch?
71

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)

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

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?

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

Blockchain Theory of Abundance Economics

Recomendados

Recomendados

Más contenido relacionado

La actualidad más candente

La actualidad más candente (20)

Similar a Blockchain Theory of Abundance Economics

Similar a Blockchain Theory of Abundance Economics (20)

Más de Melanie Swan

Más de Melanie Swan (20)

Último

Último (20)

Blockchain Theory of Abundance Economics