Tuesday, 27 January 2015

blockchain or turing-complete

Æon Magazine poses a pretty arresting question, siphoned through the spelunking machinery and quarrying activities that underpins the integrity and flow of alternative, shadow currencies: are humans ready to jettison the managers and middle-men for autonomous companies that need minimal human supervision?

Already on the market-place, there are sorts of collaborative commons—and there have been for decades, and while both producers and distributors benefit from these exchanges, there are still hefty franchise-fees. Platforms modelled in the same way as those that handle the transactions of crypto-monies (made sufficiently advanced) could facilitate and decentralise all these sought-after connections. Managers and his or her retainers (bankers, pimps, planters, lawyers, bureaucrats, brokers, auditors, real-estate and travel agents) are generally installed to maintain the integrity of their business—however, what usually results is the exact opposite, consumed with greed and the insecurity of competition, but this hierarchy could be easily flattened out—though I suspect that human nature, being what it is (not content to be a miner forty-niner) might quickly ruffle things again. What do you think? Are we ready for this sort of democracy? It’s not that were facing the prospect of sacrificing our CEOs and COOs to appease machines—it is merely a shift in infrastructure and I doubt we’ll get that choice when the time comes, but abandoning vanities whose time may have past. The article is a very thoughtful one and surely worth investigating.