We are going to need to be much, much smarter about this blockchain thing. It's not clear to people that we are building tools to manage scarce planetary resources through the difficult 21st century. They think it's just an extension of the current economy.
That *can't* be true.
That *can't* be true.
The current economy, for all its productivity, is too inefficient. 50% food waste on a planet of starving people. Orphan drugs and orphan diseases. Deforestation. Sea plastic.
All of that comes from mispricing assets and measuring the wrong things.
Accept no smaller challenge.
All of that comes from mispricing assets and measuring the wrong things.
Accept no smaller challenge.
The blockchain is for building the next economy: correctly price externalities, and count every dropped grain of rice. Levy economic taxes to foster and force radical resource efficiency. Double, then quadruple, the number of humans who experience plenty - then bring up the rest!
You need clear eyes to see the future, and an ambition as big as the sky (as big as justice) to not flinch from the darkness which plagues so many possible timelines.
You can't fix this mess with efficient markets with underpriced externalities. That's just murder without a name
You can't fix this mess with efficient markets with underpriced externalities. That's just murder without a name
The point is to gather in all the externalities, all the consequences, into a shared global economic map. Then, on this map, future policy can be simulated and tested until you find the mechanisms which generate the desired outcomes. Then iterate. Incentives *can* work. With time
Visions of the blockchain future which remove transparency solve a different problem: the rights of the individual. These systems can exist, but only inside of hard limits about the resource inputs to those secret systems. Overall network consumption can and must be priced.
