If there are 1000 people at someone’s door, they could call the police. Assuming they haven’t been abolished.

But if there are 1000 mobbing them online, there is currently no police force. Only slow reports and counter-mobs.
I wrote about this just prior to the social media-fueled disorder of 2020.

I think I correctly apprehended that online madness would soon translate into offline chaos.

But it didn’t need TikTok (video tweets were enough). And it happened faster than I expected.
There are two resolutions to the situation of online madness and offline sanity.

The first is what we have seen: the mindless translation of media- and social media-fueled madness into the physical world.

The second is to set up online polities with physical levels of civility.
The world is digital-first now. It’s flipped. Many people spend >50% of their waking hours looking at a screen.

So the society we model online is the society we build in the real world.

And social networks in their current form aren’t a society at all. 1729.com/network-union
Cryptographic moderation.

Community decisions on who to admit or ban, enforced by cryptography such that no external power can force their way in.
Today, we’re simultaneously seeing arbitrary deplatforming online and lawlessness in the physical world.

Tomorrow, we may have a written social smart contract online that prescribes pre-agreed proportionate digital penalties for social violations.

Justice, not mob “justice”.
Much online behavior can be explained as number-go-up, but for likes.

The next generation of social networks needs to make sure these social reinforcements reinforce pro-social behavior.
One fundamental issue is that popularity is much easier to measure online than truth (at least, prior to blockchains).

Another is that what a group does in the short run is often not in their joint interest in the long run. Crowds drunk on rage — but then the hangover.

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More from @balajis

6 Jul
At first I thought this was a bad idea, but now I think there is the kernel of something very interesting here.

Random selection of moderators could, in theory, be a way to implement "you cut the cake and I choose the piece" for governance issues.

Rawls' veil in real life?
Divide & choose is a procedure for fair division of a continuous resource between two parties. The protocol proceeds as follows: one person cuts the cake into two pieces; the other person selects one of the pieces; the cutter receives the remaining piece.
en.wikipedia.org/wiki/Divide_an…
The veil of ignorance concept: choose a rule as if you had no knowledge ahead of time as to whether you'd be ruler or ruled. Ideally, this would incentivize participants to select rules impartially and rationally.
fs.blog/2017/10/veil-i…
Read 4 tweets
3 Jul
From seeing like a state to learning like a machine.
A state can only make rectilinear decisions based on paper forms. Scalable but binary.

A machine can make curvilinear decisions based on digital data. Scalable and statistical.
Of course, some states have partially adapted & have some of their data online (albeit in often insecure databases).

But it’s just a retrofit. It’s not like the leaders are looking at metrics on the health and wealth of their constituents. Nor are they making decisions via code.
Read 9 tweets
2 Jul
File sharing was once huge, and may become huge again.
The fundamental new primitive that blockchains offer for protocol design is tamper-resistant global shared state.

With this, someone could do a crypto Napster, KaZaa, or PirateBay. Probably pseudonymously, or in a country like Denmark with a "Pirate Party". Maybe not in music…
P2P, MVC, CBC

Blockchains allow us to combine the decentralization and programmability of the P2P era with the global state and monetizability of the MVC era.

For protocols with global state, the new architecture is then client-blockchain-client, or CBC.
Read 4 tweets
1 Jul
The creator economy is becoming part of the cryptoeconomy. Because legacy social media platforms have no real concept of digital property rights.
Substack, Twitter Revue, and Facebook Bulletin are all great. But they are in a sense intermediate steps.

Ghost goes further. You can run it at a domain you control.

Decentralized social media platforms go further still. You hold the private keys.
Under communism, there was no such thing as personal property. Everything that transpired in the PRC & USSR was downstream of that economic illogic, the root cause.

The restoration of private property was one of the keys to unlocking the Chinese economy.
npr.org/sections/money…
Read 6 tweets
29 Jun
Longevity has the potential to be to traditional medicine what crypto is to traditional finance. It changes the terms of the debate.
Starting with Bitcoin's rejection of central banking & endless inflation, the cryptoeconomy has challenged virtually every premise of the state-controlled, paper-based financial system that we've inherited.

So far? Plenty of risks, plenty of loss — and undeniable progress.
The conventional macroeconomic wisdom is that high inflation is bad, but that deflation is also bad, so a little inflation is good.

But there's bad deflation, often due to contraction of money supply. And then there's good deflation, due to genuine productivity increases.
Read 12 tweets
28 Jun
Good news: the reduction [1] in Bitcoin mining hashrate from China is visible but survivable. There's a lot of mining capacity elsewhere.

Bad news: blocks may be slower for a while [2]. But holders are unaffected.
[1] bitinfocharts.com/comparison/bit…
[2] bitinfocharts.com/comparison/bit…
Notes:

1) One day charts are highly volatile and we need to see where everything averages out. Some kind of drop looks real, but capacity may come online in other places.

2) The first chart (hashrate) is over years, the second is over months - otherwise you can't see the blip.
One somewhat vexing thing:

(a) when hashrate drops a lot, you want a quick difficulty adjustment
(b) but when hashrate drops a lot, blocks take longer to mine, so difficulty adjustment takes longer to come

Not ∞ time. This site *estimates* 26 days.
bitinfocharts.com/bitcoin/
Read 5 tweets

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