CryptoSustainability: Reinventing Economics

The new ‘Sensibility of the Cryptocitizen’ is about a rethinking our relationship with authority, and political and economic life design. It includes personal digital security practices like backing up our money, and more profoundly is not just about rethinking relationships of authority and power, and economic resources and exchange, but reinventing the models by which we use them. Perhaps never before has there been such a creativity that we are bringing to designing and trying different models and modes of life; prototyping as a life practice.

True autonomy is setting our own rules, economic, political, social, etc.; in every domain; setting our own rules for life per our own purposes and value systems. We are inventing new models that more directly address our local individual needs rather than accepting status quo models from the structured world.

Part of the ‘reinventing economics’ mindset is thinking more modularly and portably about resources, and where and how everything can be accomplished more fungibly and effectively, with a new responsiveness to meet needs dynamically. What if every resource had the Uber-like conceptualization of immediate resource delivery on demand? Not just food, transportation, products, and valet services [1], but more foundational resources too that involve space like lodging, showers, team coworking space, and office meeting space; on-demand pod space; portable mobile resource use.

There are some exciting examples of fungible, distributed autonomous space. Distributed autonomous mobile space includes the concept of a mobile AirBnB, embodied by the Blackbird Bus, which uses city streets as a commons for on-demand locational parking of a 68-passenger school bus that has been converted into a luxury mobile office/living space for a startup company, and offers co-housing nights via AirBnB. For example, there are Houslets, modular, portable, reconfigurable, and open-source living structures which can be fixed or mobile or anything in between. Another example is using space and economic designability to competitive advantage, such as autonomous political/judicial zones within countries, like the Zones for Economic Development and Employment (ZEDEs) in Honduras. Existing space-on-demand offerings like Liquid Space (hourly, daily, weekly, monthly booking of office space) could be further extended and enhanced by delivering mobile office pods to locations.

[1] The plethora of eDelivery services: Amazon Prime. Munchery. Postmates. Seamless. EAT24. GrubHub. Safeway.com. Whole Foods. DoorDash. Washio. TaskRabbit. FreshDirect. Homejoy. Uber. Google Express. Alfred.

Blockchain Government

Blockchain technology is starting to arrive to the extent that applications are being defined for different sectors, most prominently markets/finance/banking, government/legal, IOT, and health. In all of these venues, the thinking is that centralized models may be something of the past, and could be supplemented or improved by secure decentralized frameworks that could be more efficient, quicker, and less expensive. For example, in finance and banking interbank transfers currently take three days to clear, but this could be immediate.

The reason that secure decentralized ‘smartnetwork’ operations are possible is the maturity of the Internet. The Internet is now large enough and liquid enough in terms of global reach, billions of participants, and in-place infrastructure such that a whole new tier of applications is enabled like those using blockchain technology. Blockchain technology creates secure decentralized transaction networks. The technology combines the peer-to-peer file-sharing of BitTorrent with public key cryptography to form a network where independent parties (rather than a centralized authority) can confirm that transactions are unique and valid, and record them into a ledger. This means that transaction networks can be more decentralized, secure, and resilient, and also accommodate a much greater scale of activity since parties do not need to know and trust each other, just the system.

Government is a sector where blockchain applications could have a significant benefit and finally allow services that are personalized instead of one-size-fits all. Public services could be as individually-specific as a Starbucks coffee order. Blockchains could be a liberty-enhancing equality technology allowing individuals to be more empowered, participative, and involved. Governance might be the next venue where individuals can take more authority and responsibility for themselves. The Internet made this possible with financial instruments, an intermediary like a stock broker is no longer needed for selecting and buying-selling financial instruments like stocks, bonds, CDs, and mortgage products. Likewise in information and entertainment, the Internet has fractured traditional centralized industries and created a new sensibility where individuals select their own content. Health services is another example where patient-driven EMRs (electronic medical records), web-based test data, personalized genomics, and quantified-self wearables have led to a new sensibility of individuals self-advocating for health as biocitizens. The key point is that the nexus of authority has shifted to the individual per decentralized Internet models. Blockchain-based government services could trigger a similar shift in sensibility and a rethinking of authority

Decentralization concepts are already underway in government (Rescaling the State) with a focus on the important role of mayors as non-partisan administrators (If Mayors Ruled the World), and the rise of metropolitanism (21st Century is the Metropolitan Century and Metropolitan Revolution). These ideas could be deployed in more detail per several key properties of blockchain technology in government services, for example its being secure, decentralized, scalable, universal, granular, auditable, trackable, and transparent. Applications could roll out in two phases:

Basic Blockchain Government Applications

• Transnational organizations – Correspondingly transnational governance structures for world-scale organizations like WikiLeaks, ICANN, and Wikipedia could be accountably and transparently coordinated by blockchains 
• Document registrations – Blockchains could serve as the whole of a society’s public records repository
• Voting – More secure and universal public electronic voting systems, and more transparent, usable, aggregatable data regarding representative issue voting records; faster results tabulation
• Issue and proposition development – Blockchain-coordinated proposal development, validation, and community dialogue and participation, and short-term delegative democracy instead of elected representatives (Liquid Feedback) 
• Campaign – More immediate, transparent, universal, and interoperable finance disclosure and tracking
• Digital signatures and identity – Blockchain-based digital identity validation, signatures, proof-of-truth functions, escrows, passport services, and inclusive pseudonymous identity services for documented and undocumented individuals alike
• Notary services - using blockchain technology's secure auditable record-logging functionality together with digital timestamping and pointers to electronic documents stored off-chain

Advanced Blockchain Government Applications

• Personalized opt-in governance services – Individuals could enroll in competitive personalized governance services (locality-provided or vendor-provided), paying for preferred services, such as composting, or education. Other personalized government services could include: reputation-based ID systems, voting, dispute resolution, national income distribution, public documents registration and repository (Bitnation, facilitator of the world’s first blockchain marriage October 5, 2014)   
• Blockchain public finance services - Self-directed community bonds (Neighbor.ly), whose creditworthiness could be facilitated and evaluated with blockchain-based mechanisms such as Ricardian contracts, such as those contemplated by Greece to provide assurance regarding tax receipts
• Real-time documented legal services - On-demand tele-attorney consultation, rights advocacy, law enforcement interaction, and private policing (Sidekik)
• Futarchy prediction markets - Two-step voting process on outcomes and strategies for their attainment rather than individuals as representatives 
• Token issuance and management - Civic tokens (convertible to cryptocurrencies like Bitcoin or fiat currency, or accepted directly) could be issued for guaranteed basic income initiatives, health services, EBT/foodstamp programs, or other community spending initiatives to improve efficiency and reduce fraud

Blockchains as an Equality Technology

The advent of blockchain technology has prompted the questioning of many concepts that have been taken for granted for years such as money, currency, markets, economics, politics, citizenship, governance, authority, and self-determination.

We have become accustomed to the hierarchical structures of the contemporary world. These structures and models were nice advances at the time of their derivation, hundreds of years ago, to facilitate the large-scale orchestration of different operations of society so that life could be conducted in a safe and productive manner.

While serving as a significant node in the overall progress of humanity, the imperfect value proposition of hierarchical models has been waning, and especially rapidly so in the current era of science and technology. Now contemporary information technology is facilitating not just a more efficient life through technology (off-loading both physical and mental drudgery), but also allowing the models for large-scale societal coordination to be rethought.

Large-scale decentralized (e.g.; non-hierarchical) orchestration models like blockchain technology are starting to be available, and this could configure a completely new era in human progress. This is because decentralized models are equality technologies: technologies that allow more possibility for individual liberties, freedoms, rights, actualization, expression, and self-determination than has been possible in hierarchical models. Further, equality technologies imply not just more liberties for individuals and an eradication of illiberty, but a better equalization or calibration of liberties amongst individuals and societies.

It is not that a complete revolution to decentralized models would be underfoot, it is that decentralized models are a striking new entrant in the possibility space of the models for large-scale coordination. The longer-term future could likely be a space where there are many different centralized, decentralized, and hybrid models, and other new forms of models, where the important dynamic becomes tuning the orchestration system to the requirements of the underlying situation.