Transcript PowerPoint - Digital Wisdom Group

BLOCKCHAIN'S COMING IMPACT ON
COMMUNITY, SCIENCE, AND SOCIETY
(CRYPTOCURRENCY IS ONLY THE BEGINNING)
MARK R. WASER
D161T4L W15D0M/DIGITAL WISDOM INSTITUTE
[email protected]
LATINUM
Latinum is a rare silver liquid used as currency by many worlds,
most notably the Ferengi Alliance.
Latinum cannot be replicated
and the reasons for its rarity are unknown.
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BITCOIN
Bitcoin is a currency
without a government
Nassim Taleb
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ALTERNATIVES
• Barter
Lack of fungibility leads to inefficiency
• Government “Fiat”
While the US$ isn’t really fiat, US monetary policy
does strongly influences it value
“Printing money” devalues it – but that isn’t
necessarily a bad thing
• “In-game” Currency
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VOLATILITY
(PREDICTABILITY)
US Dollar 1/2001-present
Bitcoin
Argentinian Peso 1/2001-present
STEEM
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THE TOP 10
BY
MARKET CAPITALIZATION
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#1 BITCOIN
• First creation of virtual/digital items that
cannot be duplicated (2009)
• Proof-of-work blockchain
• Limited contracts using “oracles”
• No provision for updates (“forks”)
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BLOCKCHAIN
Not just for currency
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#4 LITECOIN
• A “better” bitcoin (2011)
• Different proof-of-work algorithm
• Faster transaction times
• Requires more memory
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ALTCOINS
• The core Bitcoin “grammar” works just
fine, mostly…
• Block interval & security algorithm
• Transaction structure & transfer
• One-size-fits all security
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#3 RIPPLE
• Transaction network plus its own
currency (2012)
• Iterative consensus trust graph
• Faster transaction times
• Codius “smart” contract oracles
• Off-chain  faster, cheaper
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SIDE-CHAINS
• Blockstream (2014) – “2-way pegging”,
Liquid ensures fast large transactions
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#6 MONERO,
#7 DASH & #40 ZCASH
• Anonymity via blockchain obfuscation
• Xcoin/DarkCoin/Dash (2014) – active mixing
• Monero(2014) – passive mixing
• Coins are now truly indistinguishable
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ACCOUNTABILITY
• Absolutely no accountability!!!
• Upside: Blockchain obfuscation is ideal
for secure online voting
• Downside – allows for proof for vote-buying
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#2/#5 ETHEREUM
• Different proof-of-work(2014)
• 15 second block time, more memory, no
advantage to pooling
• variable costs
• Solidity smart contracts
• “Unlimited” Scalability Roadmap
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GOVERNANCE
• Nomic - https://legacy.earlham.edu/~peters/nomic.htm
• The DAO
• “Mars Constitutions”
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BLOCKCHAIN 2016
Blockchain is now at the stage
that the Internet was at in 2004
with the call to Web 2.0
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#10
• Coins for specific purposes/communities
• Waves - crowdfunding w/ your own coin
(also has extensive reputation system)
• MaidSafe - decentralized private data,
websites & public data (February 2016)
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#9 STEEM
• Steemit - Reddit-like social media
system where up-votes = money
• Proof-of-stake blockchain – faster,
cheaper, allows micro-transactions
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INNOVATIVE
ECONOMICS
• Highly inflationary coins can “print
money” for goals like Basic Income
• Vesting promotes pro-social behavior
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#8 AUGUR
• An Ethereum-based prediction market
giving REP for accurate predictions
• OR the greatest gambling platform ever!
• Gnosis::Augur  coinless Ripple::Bitcoin
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CITIZEN SCIENTISTS
“OLD” SLIDE FOR AUGUST EFTF STEEMIT PRESENTATION
While the largest payouts are grabbed by “social” posts,
good data science posts reliably receive steady payouts
Can you imagine?
A scientific portal for your field run as a Steemit community
Good tools will also reliably receive steady payouts and,
we believe, have the potential to go viral & hit the jackpot
And Steemit communities are the ultimate test-bed for the
economic & social experiments we so desperately need
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CITIZEN SCIENTISTS
Now imagine . . . .
crowdfunding science with Waves and/or
funding based upon Augur prediction markets
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CROWD-SOURCING
SAFE/ETHICAL AI
Safely Crowd-Sourcing Critical Mass for a
Self-Improving Human-Level Learner/“Seed AI”
Biologically Inspired Cognitive Architectures 2012 -- http://wisdom.digital/wordpress/archives/2599
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We believe that
the development of ethics and artificial intelligence
and equal co-existence with ethical machines is
humanity's best hope
http://Wisdom.Digital
[email protected]