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Kindle Notes & Highlights
by
Don Tapscott
Read between
March 25 - April 13, 2018
Using their ID card or mobile-ID, Estonians can log in and vote from anywhere in the world.
“The legislation of most of the countries in the world is so badly done, so unwelcoming, that the cost of coming into the legal system doesn’t make sense to poor people.
Not just checks and balances among the powerful few but broad consensus of the many, for example, to effect background checks on potential gun owners.
Beware of any politician who argues for trade-offs between personal privacy and public security.
Members of police forces can’t withhold evidence of undue use of force, and evidence can’t go missing. It would all be logged and tracked on the blockchain.
“The future is not something to be predicted, it’s something to be achieved,”
“Today you need an organization with endowed rights to provide you with an identity, like a bank card, a frequent flier card, or a credit card. But that identity is now yours and the data that comes from its interaction in the world is owned by someone else.”
However, rather than everything you do with government being integrated in some massive government database, the integration is achieved by the virtual you—owned and controlled by you.
The world’s first blockchain-recorded wedding took place at Walt Disney World, Florida, in August 2014. Smart prenuptial contracts, anybody?
when you generate an official document, it automatically contains your relevant information and access rights to that information, and tracks who accesses and uses it in the document metadata.
Particularly interesting are national and local opportunities to connect different blockchain networks for greater efficiency across jurisdictions.
government employees could dynamically match available supply and demand, lowering security, maintenance, and energy costs through automated access, lighting, and temperature controls, and tracking location, repairs, and roadworthiness of government vehicles, as well as the safety of bridges, rails, and tunnels.
Estonia’s e-Resident service is useful for individuals anywhere in the world who need an official ID to launch a business, particularly online.
Through the blockchain, we can strike a new and appropriate balance between government’s need for control and accountability for an entire budget, and the need for individuals and groups to control and contribute to portions of that budget.
We can now achieve two previously seemingly contradictory goals: “more government” through more information and context; and “less government” through providing information and better tools for individual and group decision making and action within that context.
As of August 2015, the U.S. government has already published 165,000 data sets and tools on its Open Government Web site.
When governments publish raw data, they become a platform on which companies, the civil society, and other government agencies and individuals can self-organize to create services.
smart contracts are self-executing agreements stored on the blockchain, which nobody controls and therefore everyone can trust.
Most politicians, regardless of political stripe, seem to care more about winning elections than about solving the crisis of legitimacy through citizen engagement.
With DEMOS, the voting system generates a series of randomized numbers.40 Voters get two sets of numbers, or keys: one corresponding to them, and one to their preferred candidate. After the encrypted vote is cast, it’s sent across multiple servers. Results are published to a bulletin board publicly displaying all the information related to the election.
blockchain technology could eradicate corruption in places such as Asia.
“Do corrupt governments want to keep themselves honest?”44
Liquid democracy, also called delegative democracy, allows citizens the ultimate in customization and personalization of the democratic experience.
Voters can delegate voting authority to multiple representatives delineated across an array of topics.
This enables a system in which voters can select many trusted experts or advisers to vote on their behalf.
futarchy.54 Conceived by economist Robin Hanson, its tenets can be neatly summarized as “vote for values, but bet on beliefs.” Citizens elect their democratic representatives in a two-stage process: First, pick some metric to determine their country’s success (like literacy or unemployment rate). Then, use prediction markets to select government policies designed to optimize the elected metric.
Sensors, detectors, and instrumentation would measure your water heater, dishwasher, and household thermostat in real time and inform you of your carbon credits balance.
Could this create new sources of annual income for people? After all, the poor and homeless are low carbon users.
Blockchain reputation systems help questioners to know the background and reputation of the jury and panel members.
blockchain-based reputation systems could enhance the quality of discussions, reduce the number of trolls and saboteurs, and ensure that all comments are accurately and indelibly recorded.
Obama’s 2008 campaign created an expansive Internet platform, MyBarackObama.com, that gave supporters tools to organize themselves, create communities, raise money, and induce
you’re a computer program, a piece of software, a database . . . these issues disappear, as it’s just maths half the time. This bit goes to this person . . . and it doesn’t take a year or two to reach the artist, writer, performer. . . . It’s instant because it’s automated and verified.
“I may decide, hey, it’s my birthday today, all my music is for free or . . . if you’re under sixteen or over sixty, it’s on me! Or to divert all payments due to me to a relief fund, with just a few alterations of wording in the smart contract.”
Value Templates to construct deals that respect the artist as entrepreneur and equal partner in any venture, integral to value creation.
If the music were metered, where consumers made micro- or picopayments per play, the royalty payments could be streamed immediately to the artists and contributors.
Producers deliver only the video that has actually been paid for, and consumers pay for only the video actually consumed.
users can also purchase tokens of artists and trade these tokens like baseball cards. As an artist’s star rises, the value of the tokens rises, and so users could potentially benefit financially from supporting artists before they become famous.
uploads the payout table so that all stakeholders are paid immediately according to their asset shares with immediate transparency for all parties.
So students could fund their own personal development programs anywhere in the world and receive accreditation.
We encourage you to consider whether these are either “reasons the blockchain is a bad idea” or “implementation challenges to overcome.”
“It’s more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value.”
Ripple and Ethereum are entirely reengineered blockchain platforms that have latency of seconds, not minutes.
Antonopoulos said about the very human need for societies to forgive and forget in order to move on.
We have this whole debt jubilee-esque mentality because we think people should be given another chance. Creating a system that never forgets is slightly sociopathic,”
When the code indicates that the contract has been fully executed rather than breached, except one party is dissatisfied with the outcome, will the dissatisfied party actually pursue a lawsuit?
Years from now, we will look back and appreciate the genius of its deployment, from minting and allocating new bitcoins to assigning identity and preventing double spending.
The energy is what it is, and it’s comparable to the cost incurred in securing fiat currency.
“The next time you see a Brink’s armored truck pumping black soot into the air, compare that to the burning of electricity in bitcoining. It is not quite clear which is worse,”
Most mining equipment has a useful life span of three to six months.
“The courts are going to get it wrong. They’ve already started to get it wrong, applying intellectual property rules to anything that is intangible.
