
The Crypto Revolution - Josh Rosenthal on the Bankless HQ Podcast
Joshua Rosenthal PhD in History is a crypto-native historian and talked about the parallels between the Renaissance, American Revolution, and #Crypto and how we can learn from history. If you missed it, this article is for you:Let’s travel to medieval timesImagine yourself as a medieval peasant. After centuries of static, permission society ruled by kings, two decentralized technologies converged: Ledger-based financial primitives (double-entry bookkeeping) and new permissionless communicatio...

Brave New World vs. 1984
How will the future look? "1984" or "Brave New World"? 🧵 A thread comparing the two books and my take on which course we're currently taking.Before we talk about our current path, let's understand the content of both books. Let's start with Orwell: Orwellian surveillance state in 1984: A society governed by a big brother ➡️ Propaganda & Censorship as key tools https://twitter.com/SizweLo/status/1425455068556451842 #Huxley, on the other hand, envisions a hedonistic "pleasure so...

The Network State - A worthy successor of the nation-state?
1/ Is there a successor to nation-states? @balajis proposes the idea of a #networkstate powered by #crypto #web3 technologies. We shouldn't assume that nation-states are eternal 🧵This Twitter thread summarizes the @BanklessHQ podcast & should help to understand this novel ideaThe Network Archipelago2/ Nation-States are only a few hundred years old after they replaced some form of monarchy in most areas. Do we need an alternative? @balajis argues that the post-world-war-era is ending & p...
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The Crypto Revolution - Josh Rosenthal on the Bankless HQ Podcast
Joshua Rosenthal PhD in History is a crypto-native historian and talked about the parallels between the Renaissance, American Revolution, and #Crypto and how we can learn from history. If you missed it, this article is for you:Let’s travel to medieval timesImagine yourself as a medieval peasant. After centuries of static, permission society ruled by kings, two decentralized technologies converged: Ledger-based financial primitives (double-entry bookkeeping) and new permissionless communicatio...

Brave New World vs. 1984
How will the future look? "1984" or "Brave New World"? 🧵 A thread comparing the two books and my take on which course we're currently taking.Before we talk about our current path, let's understand the content of both books. Let's start with Orwell: Orwellian surveillance state in 1984: A society governed by a big brother ➡️ Propaganda & Censorship as key tools https://twitter.com/SizweLo/status/1425455068556451842 #Huxley, on the other hand, envisions a hedonistic "pleasure so...

The Network State - A worthy successor of the nation-state?
1/ Is there a successor to nation-states? @balajis proposes the idea of a #networkstate powered by #crypto #web3 technologies. We shouldn't assume that nation-states are eternal 🧵This Twitter thread summarizes the @BanklessHQ podcast & should help to understand this novel ideaThe Network Archipelago2/ Nation-States are only a few hundred years old after they replaced some form of monarchy in most areas. Do we need an alternative? @balajis argues that the post-world-war-era is ending & p...
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1/ I listened to @Liv_Boeree on the @lexfridman podcast talking about #Moloch. It inspired me to write a Thread about this phenomenon & why this ancient demon god is responsible for so many problems we face today.
🧵 I hope you enjoy the thread and my thoughts about #Moloch

2/ #Moloch originates from the Canaanite religion and was a demon god who gave power to tribes to win wars but in return, they had to sacrifice their children to Moloch. The essence is "sacrificing something that has value to you in order to gain power / to win the game".

3/ An example of a #Moloch Situation: If a front-row person in a seated concert hall stands up, everyone has to adopt the same short-term strategy to not be worse off. This bad incentive will create a loose-loose situation because everybody has to keep standing from now on.

4/ Lots of people see capitalism as #Moloch but I think the social media (multi-agent competitive game) is far more extreme in this regard: Everyone adapts the short-sighted strategy of click-baiting and begging for attention because the algorithm rewards engagement.

5/ Other examples of #Moloch situations could be the creation of biological weapons, General AI, "elbows out" in careers, etc. It isn't that there is a puppeteer who steers us in that direction.
It is a human phenomenon that is hard to solve from within the game itself.

6/ I first heard the word #Moloch in the book "13.5 Leben des Captain Blaubär" from Walter Moers: Moloch is a huge machine ship with slave workers crossing oceans. Its goal was to incorporate new slaves and ships until the whole world is Moloch to keep it running

7/ @Liv_Boeree does not have a full solution to the problem but an antidote called "win-win". That creature knows that #Moloch loves competition but hates coordination. We need to find a way to build products where we think about values/incentives first and run sims to validate

8/ I personally believe that a decentralized collaboration can defeat #Moloch but it needs inspiring characters that are altruistic enough to defeat the game and inspire others to do the same. But we don't have enough of them. Can you be one of them?

1/ I listened to @Liv_Boeree on the @lexfridman podcast talking about #Moloch. It inspired me to write a Thread about this phenomenon & why this ancient demon god is responsible for so many problems we face today.
🧵 I hope you enjoy the thread and my thoughts about #Moloch

2/ #Moloch originates from the Canaanite religion and was a demon god who gave power to tribes to win wars but in return, they had to sacrifice their children to Moloch. The essence is "sacrificing something that has value to you in order to gain power / to win the game".

3/ An example of a #Moloch Situation: If a front-row person in a seated concert hall stands up, everyone has to adopt the same short-term strategy to not be worse off. This bad incentive will create a loose-loose situation because everybody has to keep standing from now on.

4/ Lots of people see capitalism as #Moloch but I think the social media (multi-agent competitive game) is far more extreme in this regard: Everyone adapts the short-sighted strategy of click-baiting and begging for attention because the algorithm rewards engagement.

5/ Other examples of #Moloch situations could be the creation of biological weapons, General AI, "elbows out" in careers, etc. It isn't that there is a puppeteer who steers us in that direction.
It is a human phenomenon that is hard to solve from within the game itself.

6/ I first heard the word #Moloch in the book "13.5 Leben des Captain Blaubär" from Walter Moers: Moloch is a huge machine ship with slave workers crossing oceans. Its goal was to incorporate new slaves and ships until the whole world is Moloch to keep it running

7/ @Liv_Boeree does not have a full solution to the problem but an antidote called "win-win". That creature knows that #Moloch loves competition but hates coordination. We need to find a way to build products where we think about values/incentives first and run sims to validate

8/ I personally believe that a decentralized collaboration can defeat #Moloch but it needs inspiring characters that are altruistic enough to defeat the game and inspire others to do the same. But we don't have enough of them. Can you be one of them?

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