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December 18, 2018, 08:32:01 PM |
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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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