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Balaji S. Srinivasan
@balajis
, 3 tweets, 1 min read Read on Twitter
On-chain incorporation will turn corporate charters into code.

Every shareholder vote will be performed via digital wallets.

Every liquidation waterfall will be expressed as a function.

The nation states that first recognize on-chain vehicles will be advantaged as domiciles.
Corporate law firms are essentially coding in legalese, an obfuscated programming language without a REPL to simulate outcomes.

Moving all that to smart contracts over the next few decades will save billions and transform the way we create, fund, manage, and exit companies.
Here’s a good example of a function implemented in legalese. Solidity would be a step up! lawinsider.com/clause/liquida…
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Balaji S. Srinivasan
@balajis
Three things I think could be combined:

- a social network
- a cryptocurrency
- a collaborative tool, like Google Docs++

This would combine people, money, and a tool to create value in one place.
Eugene Wei (@eugenewei) smartly repurposed the term "proof-of-work" to refer to the basic mechanism for content creation in a social network, like tweeting or posting.

What if we repurposed his repurposing & thought of the “work” as remunerated work? eugenewei.com/blog/2019/2/19…
@eugenewei The idea is that individuals, small groups, or perhaps even large groups could collaborate within a domain to produce digital things of value.

Coding would be like LinkedIn + Github + Github bounties
Design would be like Behance + 99designs + crypto

@scottbelsky @devonzuegel
Read 3 tweets
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Balaji S. Srinivasan
@balajis
I’ve often thought that the most fundamental way to price things might be in joules.

How much energy did it take to assemble this phone, to pull the materials out of the ground and shape them into that configuration?
Imagine something like this, but tracked for every product over time.

Knowing the joules required to build something would give us a ratio-scale measure of the cost of production.

And it would be comparable across different countries and time periods.
answers.google.com/answers/thread…
Conceptual precedents for this include MIT’s Billion Prices Project and the Kardashev scale.

If it worked, this “true” price system would let us disentangle factors like inflation and subsidies from the physical cost of manufacture.
Read 5 tweets
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Balaji S. Srinivasan
@balajis
Assume deepfakes become widespread. What’s the long term solution?

Perhaps every source of information will need to use digital signatures to establish provenance.

To impersonate the person, you would need to steal their (crypto?) private keys. Not impossible, but harder.
There are legitimate uses of this kind of tech for special effects, entertainment, or VR avatars.

Some of the second order consequences include widespread distrust in any “remote” sources of media. If it’s not from your tribe with multiple levels of auth, assume it’s fake.
Crypto digital signatures can also be used to prove financial alignment.

Does the person sending this message have a lot of the same timelocked crypto that I do?

If so, perhaps more trust — though only if defrauding a fellow hodler would reduce value of their holdings.
Read 5 tweets

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Read the description of the current system by the Supreme court.
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Let’s add a little context to the discussion of voting security in the US. To do that, I’m going to do something Computer Scientists are bad at - I’m going to talk about history. Specifically, let’s look at the Help America #Vote Act (HAVA) of 2002. 1/
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