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In the article, “Rise of the techno-Libertarians: The 5 most socially destructive aspects of Silicon Valley“, RICHARD ESKOW of ALTERNET claims that the “tech industry is morally and ethically bankrupt, and it’s starting to take its toll on ordinary Americans”. He gives five reasons, from which he have excerpted the two first ones: 1. Tech … 
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We see the internet not as a given or a ‘essentialized technology’, but as a locus of struggle between different values and usages, determined by the design of the systems, ‘by whom and for whom’. Right now the internet is the result of a mix of influences, the original military research and public funding, the mentalities of the scientists who worked on it, the influence of private investors and designers, and the influence of the choices of the public and user communities. The internet we would want would be significantly more ‘socialized’, made sustainable, and used for a fundamental transition of the mode of production, i.e. creating and distributing value.
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“People centered” means that control of infrastructure, access, distribution, resources, and co-governance are now on the scale of the individual person. When an individual person with this empowerment reaches their individual carrying capacity to operate, they will tend to reach out to others who are operating like them, and a connection-based network will emerge. Economic development here targets individuals operating as self-employed independents who network together. Independents, small businesses, community groups, working together, with government, higher education, and larger business are the new economic driver. The more control people have an on individual scale of infrastructure, access, distribution, resources, and governance, *and* the more connectivity there is between those people, the that more growth happens in “people centered economic development”. When control of infrastructure, access, distribution, resources, and co-governance are now on the scale of the individual person, a new way of coopertive co-managing of existing resources, and surpluses of production tends to emerge. That new way of co-managing is known as “Resource Sharing”."
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What crowdfunding businesses like Kickstarter have accomplished is to allow hundreds, thousands, of small businesses to be born, obtaining financing with nothing more to offer than an idea and without having to cede portions of property in exchange.
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While the capitalist market is not likely to disappear, it will no longer exclusively define the economic agenda for civilization. There will still be goods and services whose marginal costs are high enough to warrant their exchange in markets and sufficient profit to ensure a return on investment. But in a world in which more things are potentially nearly free and shareable, social capital is going to play a far more significant role than financial capital, and economic life is increasingly going to take place on a Collaborative Commons.”
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What do I mean? I mean that distributed autonomous corporations and organizations are the next step in Blockchain evolution. The digital currency revolution is moving beyond currency and into evolving the nature of governance.
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‘A commons regime takes steps to protect the “resource” that the commons jointly manages/owns/cares for. More specifically the words “protecting the resource” means setting an absolute scale limit on its use. The commoners will set a scale of use for grazing a commons, or fishing a river, or taking water from an irrigation system. That is to say they set a maximum physically measured use – so many cows over the summer, so many gallons or water, so many fish per season. (NOT, so much $ worth of milk etc)
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We used to share common resources with our communities. Now sharing is the word we use for paying a tech start-up to connect us with people to transact with
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What makes a lot of people uncomfortable about a phenomenon like Uber, when you get right down to it, is how it is owned.
jean lievens's insight:
This entry was posted on Sunday, March 1st, 2015 at 12:00 pm and is filed under Collective Intelligence, Crowdsourcing, Culture & Ideas, Economy and Business, Open Models, Original Content, P2P Business Models, P2P Collaboration, P2P Company Watch, P2P Development, P2P Money, P2P Technology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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This brilliant infographic is from March 2014 but still worth sharing. It was originally published at Cryptocoins News
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In this audio presentation Primavera de Filippi explores the possibilities and pitfalls of blockchain-derived platforms developed through Ethereum.
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The still raging financial crisis of 2007–2008 has enabled the emergence of several alternative practices concerning the production, circulation and use of money. This essay explores the political economy of the Bitcoin ecosystem. Specifically, we examine the context in which this digital currency is emerging as well as its nature, dynamics, advantages, and disadvantages. We conclude that Bitcoin, a truly interesting experiment, exemplifies “distributed capitalism” and should be mostly seen as a technological innovation. Rather than providing pragmatic answers and solutions to the current views on the financial crisis, Bitcoin provides some useful and timely questions about the principles and bases of the dominant political economy.
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Shortly after, TechCrunch had a piece about it. I also forwarded on my responses to Raphael Satter, a journalist for The Associated Press who also got in touch via twitter. The story is now all over the place. Overnight the story made it on to Forbes and The Guardian, and this morning Paul Vigna from The Wall Street Journal got in touch has just post this up. A quick google news search also brought up articles in The Evening Standard, The International Business Times, PCWorld, Here is the City, The Domains, Finextra, The Drum and more.
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“The first line of Satoshi Nakamoto’s white paper reads as follows: “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” The goal is achieved quite simply by removing three frictions to the exchange of value among people.
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The first line of Satoshi Nakamoto’s white paper reads as follows: “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” The goal is achieved quite simply by removing three frictions to the exchange of value among people.
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