Using Blockchain to run economies

[just_Alice]

That looks like an interesting idea, but why would there be a need for blockchain to run this algorithm? I think a simple app would do, and much more people would join in, because almost everyone around the globe is app-friendly, while blockchain networks aren't something that people are familiar with. This fact heavily decreases the probability of people finding each other and the number of the appropriate matches may turn out quite scarce.

[magneto]

You tell the blockchain what you want and what you have to offer. Volunteers will tell blockchain where the resources are.

So say in Africa a man submits he would like to fish all day. Another man wants to ride his bike. Another family wants to eat fish for dinner. The computer links up all three, so that the extra fish the first man caught, will be driven by bike to the family.

You could have different matching algorithms that are competing just like crypto currencies today.

After time the computer would play a bigger and bigger role, until decentralized anarcho communism could be achieved. Maybe after fighting off the governments first.

Precisely.

People seem to think that blockchain has to be connotated with currencies - but that is far from the truth.

Blockchain's immutability and instantaneous settlements is arguably far more significant compared to the very specific usage case of cryptocurrencies alone. When smart contracts are deployed on blockchain ledgers on a massive scale across the economy, they have the real potential to make things a heck of a lot more streamlined and efficient.

Economists should embrace blockchain, not try and oppose it.

[paxmao]

You tell the blockchain what you want and what you have to offer. Volunteers will tell blockchain where the resources are.

...

After time the computer would play a bigger and bigger role, until decentralized anarcho communism could be achieved. Maybe after fighting off the governments first.

I am afraid that this is mostly wishful thinking. The "anarcho communism" is pretty much the opposite of what most crypto intend to create and in fact far from what they can actually generate. The end result looks much more like a cypherpunk libertarian capitalist society. What is yours is yours and you can freely trade with others... does not look much like communism does it?

[davis196]

You tell the blockchain what you want and what you have to offer. Volunteers will tell blockchain where the resources are.

So say in Africa a man submits he would like to fish all day. Another man wants to ride his bike. Another family wants to eat fish for dinner. The computer links up all three, so that the extra fish the first man caught, will be driven by bike to the family.

You could have different matching algorithms that are competing just like crypto currencies today.

After time the computer would play a bigger and bigger role, until decentralized anarcho communism could be achieved. Maybe after fighting off the governments first.

Op,what you are using as an example can be solved by the market economy.There are apps like Uder or Doordash,that use ordinary people to transport goods and those apps connect consumers with restaurants.
There's no need for blockchain technology to solve the problem you are using as an example.
Blockchain technology can provide more transparency and decentralization,but only in the industries,where such features are needed.

[bitgolden]

You tell the blockchain what you want and what you have to offer. Volunteers will tell blockchain where the resources are.

So say in Africa a man submits he would like to fish all day. Another man wants to ride his bike. Another family wants to eat fish for dinner. The computer links up all three, so that the extra fish the first man caught, will be driven by bike to the family.

You could have different matching algorithms that are competing just like crypto currencies today.

After time the computer would play a bigger and bigger role, until decentralized anarcho communism could be achieved. Maybe after fighting off the governments first.

Think of it this way, would this be good? It would be, would this be working for governments and politicians? It wouldn't be. Why? Because if you give freedom and decentralization towards the people, that would mean getting power from politicians and giving it to people.

This is why I do not think that politicians would allow something like this to happen. I do believe that world will get better and better in the future, but that doesn't mean that politicians would allow something like this without a battle first, they will try everything in their power to keep people away from profit and that is why I believe it is not going to be that simple, it is going to take a while for this to happen. Eventually there will be a day when blockchain is used for everything, or maybe who knows something better will come up, but until then we are stuck with the current system.

[LUCKMCFLY]

If Blockchain is used to manage the economies it would be ideal and fair, but obviously blockchain would expose any act of corruption, for politicians it would not be convenient for banks, much less for economists who manage budgets that are given by governments, in this order of ideas would eliminate corruption, and that is not convenient for governments.

If you can automate the processes with Blockchain, in fact some countries like Spain are doing it, Russia began by testing its voting system, but they have managed to make mistakes, from the beginning all the audits must be done to correct the relevant programming. However, the corrections are evident in each process, and blockchain must check that there are no side chains for them to manage or make changes from other sites that are not the appropriate ones.

[Rengga Jati]

The adoption of blockchain technology may be one of the project development done by some countries and also companies or institutions. however how it works and what's for they are will depend on the mechanism and also techniques of the technology itself. Sometimes, technologies may be available to be adopted and implemented in such condition, however, implementing a new technology adoption is not as easy as we think. There should be certain research and consideration including how ready we are expecting for the new technology. If they are already, it will run very well to ease the activity ad also another goal.s However, if it is not ready at all, it may result decreased.

[AndySt]

If Blockchain is used to manage the economies it would be ideal and fair, but obviously blockchain would expose any act of corruption, for politicians it would not be convenient for banks, much less for economists who manage budgets that are given by governments, in this order of ideas would eliminate corruption, and that is not convenient for governments.
If you can automate the processes with Blockchain, in fact some countries like Spain are doing it, Russia began by testing its voting system, but they have managed to make mistakes, from the beginning all the audits must be done to correct the relevant programming. However, the corrections are evident in each process, and blockchain must check that there are no side chains for them to manage or make changes from other sites that are not the appropriate ones.

Blockchain is just a tool and by itself will not eliminate corruption. Corruption is immortal and with due diligence, officials will still find ways to increase their wealth in ways that are not entirely legal. The same can be said about politics and government structures. As you know, the blockchain technology itself provides for decentralization, but this decentralization may well be concentrated in a single state hands in the form of servers where the blockchain is stored. There are also nuances about the technical implementation, which can also be done in a favorable direction for the state, because such a concept as state interests has not yet been canceled.

[d5000]

I don't consider this a too bad idea, although I see some difficulties. The concept reminds me of Daniel Suárez's novels "Daemon" and "Freedom" And also of some anarchist software experiments.

You tell the blockchain what you want and what you have to offer. Volunteers will tell blockchain where the resources are.

So say in Africa a man submits he would like to fish all day. Another man wants to ride his bike. Another family wants to eat fish for dinner. The computer links up all three, so that the extra fish the first man caught, will be driven by bike to the family.

I'm interested in "smart property" systems which would allow everybody to "pre-sell" goods or services issuing a singleton (NFT-like) token for it. This comes already pretty close to your idea, although it still uses a currency. The big problem is obviously scalability, but there is OmniBOLT, which would allow this kind of application perhaps even on the Bitcoin blockchain using the Lightning Network.

One big issue however is trust. But there could be trusted organizations "known by name" reviewing each token issuer. The question is then obviously - why wouldn't they run a centralized network instead? However, a blockchain could offer advantages, like common standards for several of these trusted entities, and generally a higher trust level and even maybe lesser costs because the service providers would also run nodes on the blockchain.

You could have different matching algorithms that are competing just like crypto currencies today.

I guess these "matching algorithms" would be something like currencies, only perhaps with more complex rules. If you have a smart property system with non-fungible tokens that represent goods, you could specify in each of them the rules to be followed, and the most popular would win. However you would need a base currency for the blockchain, at least for mining or validation - because on a "coinless blockchain" I don't see a way how it could be achieved to create incentives for honest validations, to stop 51% attacks. Bitcoin would be obviously a good choice.

After time the computer would play a bigger and bigger role, until decentralized anarcho communism could be achieved. Maybe after fighting off the governments first.

Yeah, this is almost textually what Daniel Suárez's novels are about

PS: I wonder if we can start a serious discussion here or it becomes simply another spam megathread

[Xinarae*]

As blockchain technology becomes decentralized many sequential tasks come together for example using this technology stock market transactions can be done simultaneously or land registration records can be made much more accessible to the public. Currently this project is useful in ensuring all online health services starting from biometric technology in citizen health facilities a central online administrative system has also been created for timely software and after all the country is improving with the blockchain technology economy and the transaction system is becoming easier.

[Kittygalore]

It will be problematic for blockchain to manage the economy because there are a lot of tangents in economy that blockchain has to cover and what is the point of using blockchain as a device to monitor economy, the current tech works perfectly even though a lot of supply chain is tangled.

[Rana590]

It will be problematic for blockchain to manage the economy because there are a lot of tangents in economy that blockchain has to cover and what is the point of using blockchain as a device to monitor economy, the current tech works perfectly even though a lot of supply chain is tangled.

Actually we need more support to do that. Blockchain isn't able to stay in path of long run without proper guidelines. Blockchain technology can help to improve the economic condition but beside it, government should adopt it. Without proper necessary steps, we won't be able to prosper our economic condition.

[ultrloa]

How if they cannot make their fiat system run ang save their economy then how does bitcoin can save it? Users will possibly cannot give a tax due to anonymity so this kind of thoughts is pretty much impossible for now, Maybe if the government can find a solution on how can automatically get some taxes to the users wallets maybe this possibilities might really happen. But for now there's so many things needed to fix in the system before we can see this became reality, but I don't want this to happen in future.

[dothebeats]

Admit it or not, some of those points you raised can be exploited unless a centralized solution safeguards it. Anarchy, on paper and simulations, achieve harmony in a perfect society since no one really cares what the other is doing, all the while maintaining relative peace and opportunity to those who can do the work for other people in exchange of money. However, reality says so otherwise, and Man is so fueled by greed that they will make sure that they always get the longer end of the stick. Gaming the system helps achieve it, and a central authority enforcing policies and overseeing the system sometimes is needed.

Perhaps we can integrate blockchains on one certain front of the economy. But being too dependent on decentralized systems and integrating it on a society that has been under the wing of centralization for millennia may just bring about some unwanted problems. Anarcho-capitalism is good on paper, and I believe that it can happen. The question is, can our society handle the changes?

[adzino]

You tell the blockchain what you want and what you have to offer. Volunteers will tell blockchain where the resources are.

So say in Africa a man submits he would like to fish all day. Another man wants to ride his bike. Another family wants to eat fish for dinner. The computer links up all three, so that the extra fish the first man caught, will be driven by bike to the family.

You could have different matching algorithms that are competing just like crypto currencies today.

After time the computer would play a bigger and bigger role, until decentralized anarcho communism could be achieved. Maybe after fighting off the governments first.

How effective is it going to be? Do we really need this? Is it because you want to make the system you are talking about decentralized? If so, why? A huge computational power would be needed in this case. Just because "blockchain" exists doesn't mean we should be using it everywhere. Like others pointed out, there are many flaws over here. I doubt decentralization is going to be the best thing for use cases like this. Wanted to know one thing, what makes you think getting rid of government is going to fix everything in the world?

[verita1]

Just when man realizes that governments do not help him to find the solution to his problems. He decided to search for it and find a way, although it has not been easy, it was the best solution he found and luckily it worked.

Now he does not trust centralization and fights for the new era of decentralization. Just as globalization arose, decentralization is fulfilling its mission anywhere in the world, thanks to the invention of Bitcoin.

[Hughes_Ryan]

There are so many intermediaries to reap the benefits, they pocket.  These situations are always present in the contemporary economy.  Where the rich can underwrite relationships, the poor cannot.  This has been condemned in practice.  The citizens want to do those things themselves.  We will not need intermediaries, clarity to be displayed, blockchain is too viable until the government accepts change.  The point is that just fine-tuning the ease of use, the training classes will not take long to change the enormous benefits of the new economy.

[Kittygalore]

~

Actually we need more support to do that. Blockchain isn't able to stay in path of long run without proper guidelines. Blockchain technology can help to improve the economic condition but beside it, government should adopt it. Without proper necessary steps, we won't be able to prosper our economic condition.

My experience of government is really bad so I don't really trust them improving their system to a new level, government websites in my country don't work all the time and the site isn't even aesthetically pleasing. Maybe highly developed countries can adopt but I won't believe that my country will.

[dezoel]

I like the idea of using blockchain, it’s going to be cool, but what the second comment stated is a fact, we will need to have a centralized body that will manage that, and by having a centralized body, it’s going to require that people verify their identities which is probably not going to sit well with a lot of people who would want to keep their identity private.

And since blockchain is an open space your information will be exposed to an extent so that anybody doing business with you will know who you are and how to trace you if there is an issue. Now that’s going to be the disadvantage for some people, but it will still have to be done in a case like this, because if it’s not, then a lot of people will be getting scammed everyday.

[fiulpro]

You tell the blockchain what you want and what you have to offer. Volunteers will tell blockchain where the resources are.

So say in Africa a man submits he would like to fish all day. Another man wants to ride his bike. Another family wants to eat fish for dinner. The computer links up all three, so that the extra fish the first man caught, will be driven by bike to the family.

You could have different matching algorithms that are competing just like crypto currencies today.

After time the computer would play a bigger and bigger role, until decentralized anarcho communism could be achieved. Maybe after fighting off the governments first.

Using blockchain to run economics will work out for countries where the Government is heavily Corrupt and at the same time the people have no say in the whole matter which makes the whole thing even more difficult to handle.... What blockchain can do is:
They can make the whole economy transparent. All the transactions from the politicians can be checked by anyone and that would be the beauty of the whole thing ! Can you do that with banks ?? Do you even know how much money these politicians hold at their houses ? It's actually an adverse situation. At the same time the simplicity is also a plus point, once given a little support they can be integrated in things like banks, Schools , practically anywhere they need file keeping.
I do think the reason why Government and the politicians are so against blockchain is because they are actually scared of the transparency that would come with it.