Markets work very well in many situations.. This is a bold hallucinatory re-imaging of what human coordination could look like!
The inmates of this place do not even desire to leave their prison, for they know no better life.
Luckily, we now have a framework to experiment w new financial systems!
...
- everyone owns a piece of everything
-UBI
- respect for individual soveirgntiy
- opt-in social safety net/public good funding
- minimization of rent seeking intermediaries
-less harm externalization
On one end, there is the libertarian ideal. In this world
- Collectivism is evil
- theres a focus on physical & economic soveirgnty
- government is minimal
- Global Ecological Diversity
- Local Social Harmony
- Individual Spiritual Abundance
- Global Ecological Diversity
- Local Social Harmony
- Individual Spiritual Abundance
!!!!!
Not an oxymoron! You've just been living in Plato's cave all ur life ;)
Imagine ur designing an economic system for the world. U want to create a system where as the “agent”s climb their local maximas (optimizing for “number go up” in their bank accounts), theyre providing value 4 the world!
I think this is a pretty cool idea.
Unfortunately.. the existing financial system often externalizes harm as agents climb their economic local maximas.
Why is it that we can advance economically while polluting the environment?
A world where we’re all investors/community members in the systems we participate in & therefore have a financial/moral stake in everything they do!
In this story, Moloch is the god of coordination failure.
“Gnon” is short for “Nature And Nature’s God”. Gnon is a God that forces you to spend resources to placate him - Tributes to Gnon include food + shelter, clothing to warm yourself.
There are many gods, but this one is considered the “highest”.
So why is it that Moloch is so hard to defeat? Why is it that one can advance their economic agenda while externalizing harm to society?
So how do we defeat Moloch?
IF ONLY!
Ethereum at its core is about creating games with transparent rules that can't change on you. That's the founding myth of Ethereum and it's still true to me.
A community where we can collectively move on from our industrial age institutions and build new information age institutuions that are fundamentally more fair, transparent, and native to an internet native world.!
We’ve inherited a lot of civlizational debt from the boomers.
We should all refuse to let our children inherit a world like this!
I’m overjoyed to say that Ethereum is starting to fulfill it’s founding promise - it’s working. 2019 was the year of the DAO + of DEFI
We see thousands of transactions per day in the new financial system
ht @alethio
It's inevitable that this disrupts the status quo.
To my fellow citizens: Lets be explicit about the world we are creating.
Art: docs.google.com/document/d/1BS…
Deck: docs.google.com/presentation/d…
/fin