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Couldn't be more excited to put out probably most ambitious paper I have ever written, and the one I am proudest of. With @VitalikButerin and @zhitzig, we propose a mechanism and philosophy for a self-organizing decentralized ecosystem of public goods: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3243656 ….
The paper is weird in so many ways...it is really trying to do political economy in a way that is impossible today. It is simultaneously an attempt to make a major advance in philosophy, a piece of economic theory and a practical design for very tangible problems.
Very curious to see what, if anything, various communities can make of it.
Thanks to amazing conversation with @ArrietaIbarra, just realized what really makes this work: the Kantian categorical imperative. It's the only mechanism where every citizen's increasing her contribution by 1% delivers a benefit that all citizens' increasing by 1% would.
You can see this right in the math, where the marginal benefit is magnified for each citizen by the ratio of the total sum of square roots to her square root. This is also a very good intuition to explain why the mechanism works.
With the contents presented in the first few pages I was confused because it looked like a math model for creating a very local (yet scalable) digital communism. After a few pages it got more confusing. Will spend my night thinking and understanding. Science to the people Cheers!
I would say simultaneously true socialism and the most extreme free market
When you were researching for this paper (and for Radical Markets, which I’m reading now), did you happen to read any of the individualist anarchists—people like Benjamin Tucker who were socialists and racial free marketers?
Heard of them, but didn't read them. Any available on Audible? This is how I read everything pretty much.
Unfortunately I don’t think so, but I’ll follow up if I can find anything
Hey @glenweyl - the biggest missing piece for blockchains seems to be unique identifiers. Without them, we cannot prevent fraud. You mention this in the paper. Wondering what you observed as "state of the art" here? Anything promising or will we need to rely on passports/IDs?
For now we need something outside. But working on a white paper with a solution architecture
Fair to characterize this as KYC until web-of-trust?
Network based self-sovereign verification of layers of increasingly thin identity claims
Funders would have to want to participate
Some would, others not. Many have expressed exactly this desire to us
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