Impact

Why is producing a good for the benefit of a Network better than just producing something and selling it to people in the market? It's better for 3 reasons: efficiency, aligned incentives & reducing negative externalities.

Let's say your 'product' is a cure to a disease. If you sell the product in the market you need to commodify it somehow - you need to make it scarce. Maybe sell your patent to some pharmaceutical corp that can then make it in pill form?

But then pharma doesn't actually want to cure the disease; it wants to maximize profits and extract value from patients. They also don't care if producing the pills pollutes the environment.

So you see how the process becomes less efficient, how the incentives btw people in the network & the corp misalign, and how instead of making the discovery available to all you're wasting more resources to obscure and commodify the product.

If you "sell" the product to a Network, otoh, you'd get compensated based on the impact of the cure on the Network. Simple!

There's a famous Reagan joke about how in the USSR people had to wait 10 years to receive a car they ordered; illustrating how inefficient the Soviet system was.

Yet many people in the USSR didn't know they're in a "10-year delay" system - they knew they had to wait, but - thanks to the Iron Curtain - they just didn't know there could be a system where you don't need to wait.

But what if our economic system is also a "10-year delay" system (in scientific research, medicine, resource allocation, economic growth, technological progress and so on)?

And what if we just don't realize how inefficient our system is because we don't know what an alternative system could look like.

This is the 100X "use case" that blockchain technology need to unlock.

Working on /impact ||


Abundance Economy book: book.abundance.id

I was born in the USSR and you only had to wait 10 years if you were unwilling to pay the bribe to the dealership. How bribes factor into this?

Socially Conscious Shopping Platform That Shares All Profit For Public Good and is 100% Owned & Governed by its Customers on Ξth https://myps.link/docs-portal

The joke may have been an exaggeration (I read somewhere that average wait was 6-7 years) but the inefficiency of the system is pretty clear