Impact

New post just dropped 👀 

How to Escape our Economic Dark Age

Why the advent of blockchain technology can be the “Galileo moment” that finally leads us to the dawn of a new economic age of mass prosperity

New post just dropped 👀 

How to Escape our Economic Dark Age

Why the advent of blockchain technology can be the “Galileo moment” that finally leads us to the dawn of a new economic age of mass prosperity
https://paragraph.xyz/@abundance/our-economic-dark-age

Great comparison! We've been thinking along similar lines with nearchos.xyz, making the comparison to the heliocentric model. We simply said "people are the center" but I like consensus. It's a little more specific, and all encompassing. It does include people, by default, but also more specifically the consensus of people.

Working on /impact ||


Abundance Economy book: book.abundance.id

Don't want to give away too much but the title of my next post is going to be It's Time to put the User in the Center :)

But yea, I've been riffing on the idea of consensus/agreement being at the center of economic activity (not *should be* but *is*) instead of scarcity for a bit bc I think that actually may be the case..

at the level of the individual, if you don't have internal agreement on what you want you're not going to enjoy a product you're buying in the market.

at the corporate level, businesses that don't have strong consensus around decision making or fund allocation (where workers feel that management is misallocating funds, for example) are not likely to succeed.

at the level of the economy, since government is such a poor proxy for what people value (and since the adversarial dynamics of the market are so dominant) we have massive coordination failures.

so consensus seems to be the key to economic activity (& prosperity) at all levels

/cal 

Photographer, Artist, Web3 Educator, IP Lawyer, Patent Agent, Explorer 📸⛰️✨ 

 Building /flowcast with /mindfulness 🌊

https://wanderloots.com/links

So let's say we have a social coordination layer for a network, which allows members in that network to come to agreement on the value of a certain contribution (to make it more concrete, let's say they agree that finding a cure to a certain disease is worth issuing 1% additional currency).

So now you can have a completely diff paradigm to achieving this goal. People can collaborate in the open and build on each other's research until they find the cure. Then each individual would get compensated based on their contribution.

There is no need to patent the cure since you now have a business model that compensates people for creating public good.

This also means that other people can build on top of this research, make additional discoveries, and get compensated based on how much the network values the additional discoveries - so the work is additive.

What applies to medical research also applies to open source code, investigative journalism, and producing other common goods

Just read it! I like the heliocentric comparison, leading to a breakthrough in our understanding of physics which lead to exponential growth in life he understanding of the laws of nature. 

I guess in a practical sense, how do you see consensuscentric systems evolving in a practical manner for the loss of value in social situations? 

Much of what is derived as value from social interactions is the give and take of varied opinions that lead to the generation of consensus. Almost a proof of social work in a sense 🤔

/impact multi-tip: 4 $DEGEN 1 HUNT 

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cma.xyz. Founder /paragraph, ceo /mirror, previously at Google & Coinbase 

Ooh bookmarked! For some reason didn’t realize you were on paragraph!

@colin @reidtandy, is there a way to bring back the subscribe button to the frame? It seems far less intuitive than it was before on mobile, and I know it was converting very effectively