BACKFEED

From autonomy to collobaration

JELLE GERBRANDY >> Blockchain. Fact. Fiction. Future 4 November - 5 November 2016

Evolution of Blockchain

DECENTRALIZED WHAT'S THERE? USE CASES STAGE

BLOCKCHAIN 1.0 Ledger “things of the internet”

trustless money, tokens, tracking of ownership and provenance, pulbic datasoftware that manages assets

FACT (BitCoin, ...)

BLOCKCHAIN 2.0 Code Execution software that runs autonomously

smart contracts, IoT, skynetautonomous software that manages assets

FUTURE (Ethereum)

BLOCKCHAIN 3.0 Collaboration reputation, values, decision systems

decentralized collaboration, local economies, curation, insurance, investmentautonomous organisations that manage assets

FICTION? (Backfeed?)

“[Blockchains are] Lego Mindstorms for building economic and social institutions”

(Buterin, 2014)

What's a DAO?

DAO: Decentralized Autonomous Organisation

- Decentralized - no central point of control, no physical location

- Autonomous - self-governing, not subject to (direct) outside control

“The” DAO● A decentralized investment fund

managed by its participants● Decisions made by voting

● anyone can make a proposal● votes weighed by amount

invested

● April 30: The DAO launched by slockit on Ethereum spring 2016. Enthusiasm.

● May 28: Creation phase ends. Raised 150 million dollars. Euphoria.● June 17: Hacker steals 50 million. Panic● Now: money more or less recoved.

The P2P Economy is dominated by rent-extracting Big Companies

- Censorship- Privacy issues- Labour conditions

You can be a consumer or a product

(Heather Marsh, Binding Chaos, 2013)

The whole Economy is dominated by rent-extracting Big Companies

The Coming Disruption: Blockchain-based P2P networks

● decentralized social networks

● decentralized airbnb● decentralized ride sharing● decentralized insurance● decentralized banking● decentralized startups

Decentralize Everything

We need Social Technologies

“If the blockchain is to be used to coordinate individuals beyond a basic set of algorithmically-verifiable actions (such as proof-of-work in Bitcoin), it needs to come along with an additional governance layer that is capable of regulating the interactions between people in a decentralized manner. “

(“Economics of Blockchain”, Sinclair Davidson, Primavera De Filippi, Jason Potts)

BACKFEED:GOVERNANCE FOR DAOs

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Game Theory

Code HorizontalOrganisation

Design Games in which Collaboration is the winning strategy

STIGMERGY is a mechanism of indirect coordination, through the environment, between agents or actions.

The principle is that the trace left in the environment by an action stimulates the performance of a next action, by the same or a different agent. In that way, subsequent actions tend to reinforce and build on each other, leading to the spontaneous emergence of coherent, apparently systematic activity. [wikipedia]

STIGMERGY ● Myxobacteria● Ants● Termites● Birds● Optimization problems in CS● Wikipedia● Open Source Software

Development● (Social networks, scientific

research, economies, ...)

A social operating system for DAOs to enable large scale open source collaboration, without central coordination

THE BACKFEED PROTOCOL: TOKENS

● Tokens are transferable assets● Tokens represent value in the network● Tokens are created by contributing to the organisation,

based on “proof-of-value”

THE BACKFEED PROTOCOL:

REPUTATION

● Decentralized reputation system● Reputation is non-transferable● Reputation represents your influence in the network● Reputation is gained by contributing to the network● Reputation is gained by assigning value to contributions

in a way that is aligned with the consensus

THE BACKFEED PROTOCOL: ACCOMODATING DIVERSITY

● The network rewards alignment with the “consensus”, creating networks of people with a similar value system

● Groups with different value systems can create a new network by “forking”(You can copy/paste a network)

● Networks can interact in a network of networks

CONTROL NOTHING