Saturday, July 13, 2024

Welcome to Mars: I own everything, have total privacy and life has never been better


This can be a parody of the article printed by the World Financial Discussion board titled “Welcome to 2030. I Own Nothing, Have No Privacy And Life Has Never Been Better.”

Welcome to March. Welcome to my metropolis, or ought to I say “our metropolis” as a result of I, like each different inhabitant, is a stakeholder in it. No, I do not imply “shareholder,” as this is not a dystopian future run by non-public firms. My metropolis on Mars has a decentralized governance construction similar to the larger Mars. It’s not an organization neither is it a militarized state. It’s a set of establishments ruled instantly by The Individuals.

Because of this technique, we have police that unfold peace as a substitute of violence. We have monetary methods that unfold wealth as a substitute of making poverty. We have establishments which are open as a substitute of closed and clear as a substitute of secret, all of which makes corruption virtually not possible. Our establishments are bottom-up and people-powered as a substitute of top-down and authoritarian.

This may appear odd to you, residing in a world the place you may’t afford a house, respectable healthcare or high quality schooling. The place a tiny variety of folks have unimaginable energy main to widespread corruption, even in supposedly “free and open” international locations. It’s because you reside in a centralized world. You have two selections: centralized non-public firms or centralized governments with a monopoly on violence. We, however, reside in a decentralized metropolis and in a decentralized world.

Associated: Tales from 2050: A glance right into a world constructed on NFTs

Decentralized authorities

In our world, it makes excellent sense for everybody to say they own all the things. Each product and service, at the very least the entire most vital ones, is supplied by a decentralized group — a company that nobody individual or group controls and that anybody can purchase a stake in. Particularly vital are the organizations, like those who present public items, which are required by the structure to be ruled by one-person-one-vote. Which means that just by residing inside that group’s territory, you obtain an equal stake in that group to everybody else.

We do not merely have our primary wants met; we reside in an ample world thanks to expertise far past what you have on Earth. It’s because on Mars, all expertise is open supply, which means that there’s unimaginable competitors to develop new and modern options but in addition participation stays accessible to each single citizen. All of that is made potential thanks to a complicated monetary working system that emerged in 2022 that enabled folks to revenue from the creation of open-source software program. That yr, a bit of software program (itself open supply) was launched that made a peer-to-peer (P2P) financial system with no obstacles to entry accessible to everybody totally free and rapidly unfold virally.

Associated: Crypto as a ‘public good’ within the twenty second century

Payment-less good contracts

The foundational factor of this technique was fee-less and upgradeable good contracts. If you consider it, all of our interactions and exchanges are managed by contracts, whether or not they’re written down, verbalized or implied. Even cash itself is only a contract between the citizen and the State to present a steady medium of trade.

Earlier variations of those “blockchain networks” had been launched, however they have been usually very energetically wasteful (which isn’t appropriate for the Mars economic system) and required folks to pay charges for each little factor they did. Think about that we wished to enable residents to solid their votes in widespread elections on a blockchain in order that we might get rid of vote fraud. Forcing residents to pay to solid votes would erect unacceptable obstacles to participation and forcing the federal government to shoulder that value would solely lower the capital it has accessible to ship useful providers to its residents. Placing these points apart, the extra used this platform turned, the extra power it might waste, and power is a treasured commodity on Mars.

Associated: House invaders: Launching crypto into orbit

This new platform, nonetheless, was fully fee-less and extremely environment friendly. Sensible contracts that allowed folks to solid votes, create completely different varieties of cash and even share their ideas publicly might all be created and used totally free. Simply because the fee-less nature of the web had opened a inventive house for a wholly new universe of merchandise and providers — even fully new enterprise fashions — the fee-less nature of this blockchain opened up an analogous inventive areas for an infinite number of new options, which is what has pushed the technological revolution on Mars.

Whereas SpaceX clearly triggered the preliminary development section of Mars by transporting its early inhabitants, it was this blockchain that enabled these inhabitants to set up a wholly new socio-economic system that led to an explosion of productiveness whereas on the identical time growing private freedom and privacy .

However see for your self by hopping on the following Starship flight to Mars!

The views, ideas and opinions expressed listed below are the writer’s alone and don’t essentially replicate or signify the views and opinions of Cointelegraph.

Andrew Levine is the CEO of Koinos Group, a staff of business veterans accelerating decentralization by accessible blockchain expertise. Their foundational product is Koinos, a fee-to-use and infinitely upgradeable blockchain with common language assist.