While blockchain is the future, I do not believe the future is what we are living today. We are living among the experiments. What we see around us might be in ruins tomorrow. What we get as our future might not have been invented yet. With hopes still high and a sharp eye on the industry, I am waiting for the ultimate blockchain. Will it be Ethereum? Or NEO? Or Qtum? Or Tezos? Or something else? I don’t know. For now, I am excited to witness one of the largest shifts a human life can live through. Even if the future does not appear to be near, the future is not far either.
Posts tagged ethereum
Value production is inherently networked. Therefore, in order to thrive, it needs an architecture as granular, scalable, and flexible as possible in order to accommodate the kinds of diverse applications and interactions that will, in turn, support its self-organization. Here at the Economic Space Agency, we want to build an ecosystem in which everyone can launch and participate in crowdsales, and exchange tokens without breaking the network. For these reasons we are building GRAVITY: a new common infrastructure for the crypto-economy. As mentioned in our previous post, GRAVITY is an open source, general purpose computing fabric based on an object-capability paradigm. The logical decentralization that this affords introduces important innovations in terms of scalability and speed, and also the possibility to host on-chain solutions for multi-blockchain integration.
The next step takes the logic further: not only stealing from the rich and giving to the poor (like Robin Hood did), but exploring, building new ecologies, new ecosystems, new universes, new possibilities, new worlds of value. For this purpose the Robin Hood hydra grew a new head: a start-up company Economic Space Agency, Inc. (ECSA). Economic Space Agency builds tools with which we can create economic space — not only to distribute something existing or produced in a pre-existing space, but to reorganize/rebuild the space itself. Two trends are converging and making open source economy possible: the moldability and plasticity of financial technologies and the decentralization and disintermediation provided by distributed ledgers. ECSA’s DNA contains all these things: hard core research (the team has published over 25 books), direct engagement with the power of art to create unforeseen (economical, social, political, financial, incorporeal) processes, financial first-in-the-world inventions (such as a hedge fund as a coop, and asset-backed cryptoequity), experimental hands-on attitude and an intimate lived experience of how the financial and the social co-determine each other.
But, in truth, it’s not that difficult to understand Ethereum, blockchains, Bitcoin and all the rest — at least the implications for people just going about their daily business, living their lives. Even a programmer who wants a clear picture can get a good enough model of how it all fits together fairly easily. Blockchain explainers usually focus on some very clever low-level details like mining, but that stuff really doesn’t help people (other than implementers) understand what is going on. Rather, let’s look at how the blockchains fit into the more general story about how computers impact society.
Terra0 is an ongoing art project whose goal is to set up an alternative economic unit on the Ethereum Blockchain, while exploring the relationship between art and capital by functioning as a decentralized autonomous organization (DAO). The idea behind the project is to create a situation in which a forest creates capital by selling licenses for the logging of its trees through automated processes, smart contracts and blockchain technology. Terra0 reflects on ownership, personhood and autonomy. According to the project’s initiators, blockchain technology and smart contracts enable non-human actors to administer capital and therefore to claim the right to property for the first time. “Property is discussed now as something which is not separable from a natural or legal entity. Terra0 begins in this legal grey area, originating in the technological change brought about with the invention of blockchain technology and smart contracts,” adds Hampshire.
About a week ago, I put together the Marmot Checker, which is another piece of the puzzle in terms of automating knowledge generation throughput. Briefly, an image is uploaded, processed, and sent to the Google Cloud Vision API to get descriptions of the image; these descriptions are checked against a user-defined list of words, and if there is a match, the image is added to the toadserver. Although the implementation is quite is simple, a few hundred lines more of code and you’d have, say, a smart contract that sends the submitter of matched content some amount of tokens as a function of the match score and/or the users’ reputation. On the whole, this is part a growing set of tools for the scientific community. Already we’re seeing more and more startups building tools to streamline the collaboration workflow process between research laboratories.
“Ethereum won’t enable computers to become as socially intelligent as primates, but it might make them as emergent as funghi and ants—which in terms of biomass are the dominant species on the planet.”