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relevant talks - Abhijeet Bannerjee talking about the need for decentralizing India - https://youtu.be/ZQD-RwLDiz8?t=494Related presentations made by Raghuram Rajan talking about the same - https://youtu.be/06uhetn_P5M?t=4312The common viewpoint appears to be that the current government is too centralized and is trying to micro-manage everything and that simply cannot unleash the potential of a large, diverse economy like India. However, they also mention that decentralization requires more trust, faith and a sort of relinquishment of centralized control as a caveat. I do not believe that this is a caveat in today's world at all if you factor in that we already have the tools for this - Blockchains and DLTs. They are already capable of efficient decentralized governance where the loss of a powerful central overseer can easily be countered with clear cut responsibility, transparency, and accountability on a decentralized system. Edit: Another very relevant talk - https://youtu.be/ad_A5v0d9hc?t=1142
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TLDR version of the two articles -
Part 1 ---
- Historically India is a decentralized country in terms of population diversity, culture, language etc.
- Nature in general and most nature-mimicking systems achieve ultra-high efficiency and autonomy by leveraging smart decentralized consensus.
- It could be argued that the ultimate / most efficient form of human government would eventually leverage the power of such a philosophy, leveraging a bottom-up consensus-based model as opposed to a top-down chain of command.
- A trending centralization in various aspects of India such as population densities, political power, commercial businesses, and new digital platforms are a growing concern. These all lead to unhealthy monopolies, corruption, greed and a China-style surveillance state.
- Technologies such as distributed ledger systems can be put in place to ensure that India remains a decentralized country and also functions much more efficiently and sustainably due to more organic and localized consensus and population densities. This leads to localized education, job creation, wealth creation, and autonomy.
- Even electricity generation from renewables could be tokenized into a decentralized grid across the country. Power could become a tradeable commodity between villages, towns, and cities leading to more reliable, cheap and easily accessible electricity for all.
- In summary, decentralization goes way beyond a crypto-anarchist principle. It is a vital requirement for amazingly efficient, self-sustaining, self-regulating, autonomous and resilient systems of governance (humans included).
Part 2 ---
- King and peasant mindsets remain under the guise of democracy. As long as there is a supreme post of power, there will be a supreme leader with a top-down management style. Such management styles are highly ineffective for managing a place like India. With extreme centralization of power, there comes blind worship of a few blind leaders. However, with decentralization of power, there come more responsible leaders and enlightened followers.
- Technology as a tool for control vs freedom: Are we still adopting new tech in governance, administration, and finance for control or freedom?
- Blockchain: Overview, History and current technological advancements. Usage of the meta-term DLT and the common properties of all Distributed Ledger Technologies.
- Permissioned vs Public ledgers and their application differences.
- Importance of cryptocurrency / tokenization of public ledgers / DLTs. Why it is stupid to try and separate public blockchains / DLTs from their native tokens.
- Current state of crypto in India (as of 2018) and why the stance taken by the RBI / government is a potential recipe for disaster.
- Speculative: If positive regulations are introduced, then how the market can evolve from here and kickstart a revolution.
- Sharing Economies to the rescue: Rising middle-class demands, sustainability challenges, huge population densities and high unemployment can all be overcome with new sharing economy models. However, such models need to leverage distributed ledgers / blockchains in order to stay monopoly-free and trustless.
- Capitalism is flawed: Could shared economies could also take a shared ownership approach? Perhaps when resources are shared, monopolization becomes near-impossible?
- A truly shared economy with resource sharing can be only possible with trustless, public distributed ledgers.
This should give an overview of the contents and ideas explored in the above articles.
Cheers!
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Glad that you summarized the points OP. Merited your post.
I agree that we have been seeing a tendency towards centralization under the present dispensation. Yet, Modi Govt seems to be drowning in its own hubris. It is always going to lead to disaster trying to centralize decision making in a country like India. The lat time someone tried, it resulted in the 1975 Emergency.
Of course decentralization in products and services could be an efficient way out. Theoretically, this is a great idea. What we really need is to find use cases and build products that can showcase its feasibility. For that to happen, we are going to need people to focus on products and contributing to the crypto-economy rather than seeing it as simply an investment. We all could start on our own, especially those who still are in their student phase.
Thanks for the feedback / merit. Completely agree with your points. Not sure if you heard about the recent speculation regarding the strict regulations being planned for cryptos in in India. If that is true, then i believe that it would be better embraced by the student communities when it is no longer perceived as something possibly "illegal". It would be a good start nonetheless. South Korea / Japan / Venezuela / Malta all seem to have understood that well with their crypto regulations. This 12 minute documentary on Malta is pretty insightful in that regard - https://www.youtube.com/watch?v=epK0FDL__-4 |
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Wow, very good points for discussion, I will surely read and try to understand your perspective. I think you are an economist, if you write on any platform please provide me link of it. Thank you.
Glad to share, these are just my musings, I'm no economist lol. Just your average crypto forum lurker. |
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Thanks for reading the entirety of both writeups. It is good to get some feedback. The ideas are more of a log of what I felt the crypto movement originally was all about, bringing power and trust back to the people. Of course, I too do not foresee these ideas being embraced wholeheartedly by the establishment. Having said that, I personally feel that the way things are going, such ideas may start to find more acceptance in the long run. I have always thought that crypto adoption will not come until there are truly no other choices left and people, in general, have had enough.
As requested, here is a TLDR version of the two articles -
Part 1 ---
- Historically India is a decentralized country in terms of population diversity, culture, language etc.
- Nature in general and most nature-mimicking systems achieve ultra-high efficiency and autonomy by leveraging smart decentralized consensus.
- It could be argued that the ultimate / most efficient form of human government would eventually leverage the power of such a philosophy, leveraging a bottom-up consensus-based model as opposed to a top-down chain of command.
- A trending centralization in various aspects of India such as population densities, political power, commercial businesses, and new digital platforms are a growing concern. These all lead to unhealthy monopolies, corruption, greed and a China-style surveillance state.
- Technologies such as distributed ledger systems can be put in place to ensure that India remains a decentralized country and also functions much more efficiently and sustainably due to more organic and localized consensus and population densities. This leads to localized education, job creation, wealth creation, and autonomy.
- Even electricity generation from renewables could be tokenized into a decentralized grid across the country. Power could become a tradeable commodity between villages, towns, and cities leading to more reliable, cheap and easily accessible electricity for all.
- In summary, decentralization goes way beyond a crypto-anarchist principle. It is a vital requirement for amazingly efficient, self-sustaining, self-regulating, autonomous and resilient systems of governance (humans included).
Part 2 ---
- King and peasant mindsets remain under the guise of democracy. As long as there is a supreme post of power, there will be a supreme leader with a top-down management style. Such management styles are highly ineffective for managing a place like India. With extreme centralization of power, there comes blind worship of a few blind leaders. However, with decentralization of power, there come more responsible leaders and enlightened followers.
- Technology as a tool for control vs freedom: Are we still adopting new tech in governance, administration, and finance for control or freedom?
- Blockchain: Overview, History and current technological advancements. Usage of the meta-term DLT and the common properties of all Distributed Ledger Technologies.
- Permissioned vs Public ledgers and their application differences.
- Importance of cryptocurrency / tokenization of public ledgers / DLTs. Why it is stupid to try and separate public blockchains / DLTs from their native tokens.
- Current state of crypto in India (as of 2018) and why the stance taken by the RBI / government is a potential recipe for disaster.
- Speculative: If positive regulations are introduced, then how the market can evolve from here and kickstart a revolution.
- Sharing Economies to the rescue: Rising middle-class demands, sustainability challenges, huge population densities and high unemployment can all be overcome with new sharing economy models. However, such models need to leverage distributed ledgers / blockchains in order to stay monopoly-free and trustless.
- Capitalism is flawed: Could shared economies could also take a shared ownership approach? Perhaps when resources are shared, monopolization becomes near-impossible?
- A truly shared economy with resource sharing can be only possible with trustless, public distributed ledgers.
This should give an overview of the contents and ideas explored in the above articles.
Cheers!
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I just bought 1/2 lisk on yobitch for $2.00. #jointhehype
Well played, best 2$ investment ever  |
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On a serious note, I have about 67,000 LISK and am looking for the best Nodes to vote for in regards to payouts-
I have not committed to vote for anyone yet.
you invested over $5k in Lisk? Thats not much for a promising ICO. I know many people who invested similar amounts. |
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why there is so much hype about AndreasMAntonopoulos tweet? Is he kinda crypto guru? crypto Moyses that will lead all the newbs for their lambo's and ferrary's ? =)
snip
Ok i was wrong. Somehow couldn't find the tweet.. but still the hype on this thread sometimes makes people overly critical of anything said here!Link - https://twitter.com/aantonop/status/734837846578761730GTFO  Lol, i can't be blamed for being a little skeptical of the posts on this thread  |
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why there is so much hype about AndreasMAntonopoulos tweet? Is he kinda crypto guru? crypto Moyses that will lead all the newbs for their lambo's and ferrary's ? =)
Andreas Never tweeted about lisk. Someone used photoshop and faked the tweet. Sheeeshh.. the hype on this thread is getting desperate now.
Andreas twitter - https://twitter.com/aantonopHere you go... https://twitter.com/aantonop/status/734837846578761730Corrected, thanks. Wasn't able to find it when i searched. |
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why there is so much hype about AndreasMAntonopoulos tweet? Is he kinda crypto guru? crypto Moyses that will lead all the newbs for their lambo's and ferrary's ? =)
Andreas Never tweeted about lisk. Someone used photoshop and faked the tweet. Sheeeshh.. the hype on this thread is getting desperate now.
Andreas twitter - https://twitter.com/aantonop[/s]
Ok i was wrong. Somehow couldn't find the tweet.. but still the hype on this thread sometimes makes people overly critical of anything said here!Link - https://twitter.com/aantonop/status/734837846578761730 |
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Glad to hear about all of the fund shifting going around and the new "old" GUI.
This morning I was thinking about all of this and I was about ready to speak up and say that we need to completely stop focusing on getting a UI. Yes, it makes sense in the early days for testing but Iota is for IoT. Any IoT device that will need some form of UI will need to implement it itself. If it uses Iota, it will have to have it's own variation of a transaction interface, specific to the device.
The IRI is just to get the ball rolling and we must keep that perspective. Iota is way to ambitious to be put in the standard cryptocurrency box of just a coin with some form of wallet UI. It's not a cryptocurrency. It's a token-based transaction system for the IoT and with 0-fee messaging, it could become the communications protocol for millions of devices.
Point. However the GUI can be beneficial in some ways - 1. Proof of concept for humans (zero fees, tangle vs. blockchain etc.) 2. Listing on exchanges so as to have an entry point for IOT enthusiasts to acquire some tokens for their pet projects. 3. Even though IOTA is IOT centric, i am not convinced (with my admittedly tiny understanding of the tech) that there will be no benefits of a zero-fee distributed ledger system for err.. human nodes shall we say. Of course, the architecture is designed with machines in mind (not all nodes seeing same tangle state at a given time, non-reusable addresses, non-enforceable tip selection algorithms, etc. etc.) I mean we are talking about bitcoin-like properties without fees and scalability issues. That in itself, is big enough to make people wonder. Edit: Just a concluding thought, i think IOTA could very well be the bridge between the machines/sensors/AI economy and the human economy. Seamless interfacing on both ends, forming a mutually supportive and beneficial ecosystem. |
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From what I understand by googling competitors of IOTA are Filament, 21 Inc and IBM ADEPT project.
Lisk and wave are just cryptocoins, and as Crypti investor (which codebase inherented by Lisk) I know that this thing doesn't show natural traction (dapps in dappstore).
Every altcoin is competitor to every altcoin. And every human is competitor to every human. And every atom is a competitor to every atom Our diverse universe somehow came to form out of this eternal battle of dog-eat-dog competition. |
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"Traders" please create your own topic with hurry-up optimism spam, I'm looking for content about technology, news and I find million dollars spam...
welcome to bitcointalk. I share your pain.. Edit: Head to the official lisk forum if you wish to not feel like your IQ is slowly and painfully being sucked out of you. https://forum.lisk.io/index.php |
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Ah, damn.. made the correction. Thanks! |
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