Posts tagged P2P

Reversing the Lies of the Sharing Economy

Medium, Brett Scott, P2P, sharing economy, rent, economics, employment, precarity, Uber, platform cooperatives

There’s nothing resembling a “sharing economy” in an Uber interaction. You pay a corporation to send a driver to you, and it pays that driver a variable weekly wage. Sharing can really only refer to one of three occurrences. It can mean giving something away as a gift, like: “Here, take some of my food.” It can describe allowing someone to temporarily use something you own, as in: “He shared his toy with his friend.” Or, it can refer to people having common access to something they collectively own or manage: “The farmers all had an ownership share in the reservoir and shared access to it.” None of these involve monetary exchange. We do not use the term “sharing” to refer to an interaction like this: “I’ll give you some food if you pay me.” We call that buying. We don’t use it in this situation either: “I’ll let you temporarily use my toy if you pay me.” We call that renting. And in the third example, while the farmers may have come together initially to purchase a common resource, they don’t pay for subsequent access to it.


Why Networks Are States That Need Democratic Government

P2P, deliberation, policy, politics, blockchain, ETH, XBT, BTC, power, distributed-systems, decentra

One of the governance problems of blockchains, related to the fundamental error of decentralization theater, is the failure to build deliberative institutions on top of the “parliament of miners.” Voting by proof of work is great, especially if the majority is well above 51%, and can demonstrate its strength without an actual hashing race. It’s a good way to finalize decisions. But not a good way to make them. But blockchain governance would be considerably improved if the miners actually had a formal way to delegate their power to a structured institution that represented them. Both Bitcoin and Ethereum have foundations and/or core teams, but authority in these institutions isn’t tied in any way to actual mining power. Informal politics fills this void with personality cults and eloquent blogposts, all hoping to create collective agreement among the actual voting miners. History shows this is not a great way to run a railroad. Misalignment between a fundamental power, like the miners, and a group purporting to represent them, like the foundations, is inherently dangerous.