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Blockchain's Coming Impact on Community, Science, and Society (Cryptocurrency is only the beginning) Mark R. Waser D161T4L W15D0M/Digital Wisdom Institute.

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Presentation on theme: "Blockchain's Coming Impact on Community, Science, and Society (Cryptocurrency is only the beginning) Mark R. Waser D161T4L W15D0M/Digital Wisdom Institute."— Presentation transcript:

1 Blockchain's Coming Impact on Community, Science, and Society (Cryptocurrency is only the beginning)
Mark R. Waser D161T4L W15D0M/Digital Wisdom Institute

2 Latinum Latinum cannot be replicated
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.

3 Bitcoin Bitcoin is a currency without a government Nassim Taleb

4 Alternatives Barter Government “Fiat” “In-game” Currency
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

5 Volatility (Predictability)
US Dollar 1/2001-present Bitcoin Argentinian Peso 1/2001-present STEEM

6 The Top 10 by Market Capitalization

7 #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”)

8 Blockchain Not just for currency

9 #4 Litecoin A “better” bitcoin (2011)
Different proof-of-work algorithm Faster transaction times Requires more memory

10 Altcoins The core Bitcoin “grammar” works just fine, mostly…
Block interval & security algorithm Transaction structure & transfer One-size-fits all security

11 #3 Ripple Transaction network plus its own currency (2012)
Iterative consensus trust graph Faster transaction times Codius “smart” contract oracles Off-chain  faster, cheaper

12 Side-chains Blockstream (2014) – “2-way pegging”, Liquid ensures fast large transactions

13 #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

14 Accountability Absolutely no accountability!!!
Upside: Blockchain obfuscation is ideal for secure online voting Downside – allows for proof for vote-buying

15 #2/#5 Ethereum Different proof-of-work(2014) Solidity smart contracts
15 second block time, more memory, no advantage to pooling variable costs Solidity smart contracts “Unlimited” Scalability Roadmap

16 Governance Nomic - https://legacy.earlham.edu/~peters/nomic.htm
The DAO “Mars Constitutions”

17 Blockchain 2016 Blockchain is now at the stage that the Internet was at in with the call to Web 2.0

18 #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)

19 #9 Steem Steemit - Reddit-like social media system where up-votes = money Proof-of-stake blockchain – faster, cheaper, allows micro-transactions

20 Innovative Economics Highly inflationary coins can “print money” for goals like Basic Income Vesting promotes pro-social behavior

21 #8 Augur An Ethereum-based prediction market giving REP for accurate predictions OR the greatest gambling platform ever! Gnosis::Augur  coinless Ripple::Bitcoin

22 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

23 Citizen Scientists Now imagine crowdfunding science with Waves and/or funding based upon Augur prediction markets

24 Crowd-sourcing Safe/Ethical AI
Safely Crowd-Sourcing Critical Mass for a Self-Improving Human-Level Learner/“Seed AI” Biologically Inspired Cognitive Architectures

25 We believe that humanity's best hope
the development of ethics and artificial intelligence and equal co-existence with ethical machines is humanity's best hope


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