Bitcoin 1.0, 2.0, and 3.0: Currency, Contracts, and Applications, beyond Financial Markets

Bitcoin 1.0 is currency - the deployment of cryptocurrencies in applications related to cash such as currency transfer, remittance, and digital payment systems. Bitcoin 2.0 is contracts - the whole slate of economic, market, and financial applications using the blockchain that are more extensive than simple cash transactions like stocks, bonds, futures, loans, mortgages, titles, smart property, and smart contracts. Bitcoin 3.0 is blockchain applications beyond currency, finance, and markets, particularly in the areas of government, health, science, literacy, culture, and art. 

Bitcoin and blockchain technology is much more than a digital currency, the blockchain is an information technology, potentially on the order of the Internet (‘the next Internet’), but even more pervasive and quickly-configuring. 

Prevalence of Decentralized Models 
Even if the currently developing models of Bitcoin and blockchain technology are not the final paradigm (there are many problematic flaws), the bigger trend, decentralized models as a class, could have a pronounced impact. If not the blockchain industry, there would probably be something else, and in fact there probably will be other complements to the blockchain industry anyway. It is just that the blockchain industry is one of the first identifiable large-scale implementations of decentralization models, conceived and executed at a new and more complex level of human activity.

Decentralized models have the potential to reorganize all manner of human activity, and quickly, because they are trustless, the friction of the search and trust-establishment process in previous models of human interaction is eliminated. This could mean greatly accelerated rates and levels of activity, on a much greater humanity-level scale. The blockchain (decentralized network coordination technology) could emerge as a fundamental infrastructure element in the model to scale humanity to its next levels of orders-of-magnitude-larger progress.

Quantified Self Uplevels to Quality of Life

The quantified self movement has barely gotten going in the last five years but contemporary shifts can already be seen such as the idea that the current activity is just an intermediary node on the way to the future exoself.

The quantified self refers to any individual engaged in the self-tracking of biological, physical, behavioral, or environmental information, often with a proactive stance towards action. At the center of the quantified self movement is, appropriately, the Quantified Self community with thousands of worldwide participants.

Quality of Life
A key contemporary shift is a push beyond the basic self-tracking of ‘steps walked’ and ‘hours slept’ to examine more complex qualitative phenomena like emotion, happiness, and productivity. The overall objective is to improve the quality of life.

CalmingTech
One example of improving the quality of life is by using ‘calming technologies’ to reduce stress. Whereas technology generally seems to speed things up, calming technologies do the opposite, helping to slow down and de-stress life.

The Calming Technology Lab at Stanford designs solutions to identify stressors, and respond to them by evoking a state of restful alertness in the individual. Calming technologies draw on the general principles of behavior design, where three aspects are required to produce a behavior change: sufficient motivation, sufficient ability, and a trigger. Calming technology is essentially a quantified personal stress management system.

Core Calming Principles
The CalmingTech lab has suggested ten core design principles to use in creating calming technologies, including reducing feelings of overwhelm, and having the ability to control interruptions. 

NewTech, ArtTech, CalmingTech…what could be next? HumorTech? SerendipityTech?