intersubjective mechanism design @ poidh.xyz - come chill /poidh + follow @poidhbot

consider the step changes humanity has previously had:
- barter system: items of explicit value exchanged (direct relationship)
- coinage: physical tokens holding value through precious metal (first-order derivative)
- notes: notes with corresponding collateral assets, becomes a measurement of the value of a nation (second-order derivative)
- fiat: notes with no corresponding collateral, becomes a measurement of the value production of a nation (third-order derivative)
- crypto: tokens with no corresponding collateral, becomes a measurement of the shared value change across nations (fourth-order derivative)

stretch your mind. What does a fifth-order derivative look like?

think about the impending fifth-order derivative

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

/frontend dev・founder/decentralized data wrangler /blockhead・UI/UX abstractionist・DeFi/web3 builder・dropout・24・prev /dydx, ritual.net・x.com/darryl__yeo

some would argue bitcoin already did this, strictly as a arbitrage function of the product of electricity and hashpower. But I mean something a bit more multidimensional:
- if the value change across nations reaches a stable equilibrium, we must have reached post-scarcity
- the derivative of humanity is our intelligence and its products (outputs)
- the disintermediation of intelligence and the products of it is a self-sovereign superintelligence

re-framed as a singular statement: the next step change for humanity is a synthetic entity derived from our own value flow