Both @Ripple and @EOS_io are "socially unscalable" according to @NickSzabo4.
Here's what social scalability means and why it's so important to @NickSzabo4 👇
Here's what social scalability means and why it's so important to @NickSzabo4 👇
Humans aren't very smart. We tend to be tribal and violent. We fight over limited resources.
The upshot is that we have a hard time working together and building institutions of mutual benefit.
The upshot is that we have a hard time working together and building institutions of mutual benefit.
Indigenous California forager societies, for example, were constantly caught up in small-scale gang wars between families. That continual petty violence prevented society from leveling up, progressing and scaling.
unenumerated.blogspot.com/2017/02/
unenumerated.blogspot.com/2017/02/
Social scalability is about the creation of institutional technology that helps humans overcome our native software and hardware so that more people can participate in a shared societal endeavor.
"The secret to @btc's success is that its prolific resource consumption and poor computational scalability is buying something even more valuable [than the computations themselves]: social scalability." @NickSzabo4
unenumerated.blogspot.com/2017/02/money-…
unenumerated.blogspot.com/2017/02/money-…
"Whereas the main social scalability benefit of the Internet has been matchmaking, the predominant direct social scalability benefit of blockchains is trust minimization." @NickSzabo4
unenumerated.blogspot.com/2017/02/money-…
unenumerated.blogspot.com/2017/02/money-…
That's why @Ripple strength of having strong institutional relationships is actually a negative. Traditional biz dev is trust-based and lives within the high-governance cost structure of the traditional corp—therefore it doesn't scale socially.
Whereas a "constitution" in law is a technology that has "undergone a lengthy cultural evolution" to create trust minimization within a society, @EOS_io's use of a "constitution" is a way to put a positive spin on their brand of centralization.
Even though @NickSzabo4 has been skeptical of @ethereum's execution, he gives them credit for their ideas as they're obsessive about social scalability.
keysheet.io/experts/nick-s…
keysheet.io/experts/nick-s…
To think #crypto through the social scalability lens like @NickSzabo4, ask: does it "reduce and better leverage the great expense in human resources needed to maintain the relationships between strangers involved modern institutions such as markets, large firms, and governments"?
