# The Introduction - DCPE

By [EtherSiim ](https://paragraph.com/@ethersiim) · 2021-12-01

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We (Ether SIIM) are building:

Decentralized Cryptographic Pseudonymous Economy (DCPE)

*   Our goal is to build and educate the web3 community with the help of community owned DAO media platform.
    

**This is a short view of what DCPE is and how it's going to happen for sure.**

Decentralization is a commonly misunderstood concept. For example, it is sometimes said that the reason crypto-network advocates favor decentralization is to resist government censorship, or because of libertarian political views. These are not the main reasons decentralization is important.

Decentralization is actually what makes anything **trustworthy** as it is owned by **nobody** making it **transparent**, more manipulative in case of ownership and personal interest.

In general, more decentralized cryptocurrencies are likely to be more stable and sure to survive, than more centralized and less distributed cryptocurrencies.

> “Web 3”: the third era of the internet backed by Bitcoin, Cryptography and Decentralization.

**_Why Cryptography?_**

Cryptography is a method of **protecting information** and communications through the use of codes, in general, called **encryption**.

Example: Bitcoin uses a digital signature algorithm that uses the same mathematical techniques used for a type of encryption.

Bitcoin uses: Elliptic Curve Digital Signature Algorithm (ECDSA)

**_Why Pseudonymous?_**

We live in an Internet Economy, where we are targeted to our character whereas not to our views that we disagree with. The pseudo name should be used on any social profile

> Pseudonymity is not anonymity. It provides accountability but is also a protection against character assassination.

Here are some features:

*   A pseudonym can have a reputation.
    
*   It’s essential to decentralization: It is an identity that is chosen rather than given and cannot be leveraged against any one individual.
    
*   Degrees of pseudonymity are important; narrowing a pseudonym down to a thousand people would still permit one to operate without interference.
    
*   It’s already mainstream: The basic idea is already pervasive both online (usernames) and offline (nicknames and changed names).
    
*   It’s where society is already going: In many realms, from the increasingly remote nature of our economy to crypto to even hiring practices, society has already implemented many of these concepts as common practice.
    

One reason a pseudonymous economy is very necessary is that it allows for **freedom after speech**, **defending** **you** against disruptions to your social networks in the age of online **mobs.** Just as your bank account is your stored wealth, your real name is your stored reputation.

> **Pseudonymity insures against unjustified debit to that reputation.**

Idea from Balaji.

**_Why Pseudonymous?_**

We don't live in a fully government-controlled economy now. For example, Media content is not controlled by the company or government, but by the Tech giants like Facebook and Google.

The decentralization is the whole economy that will lead to creating an Internet economy where **people pay taxes as per their use of technology and generate income from it** on the Internet (Creator Economy).

Learn more about us here:

[https://twitter.com/EtherSiim/status/1447492904730116096](https://twitter.com/EtherSiim/status/1447492904730116096)

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*Originally published on [EtherSiim ](https://paragraph.com/@ethersiim/the-introduction-dcpe)*