NYC, Columbia and details on our Token Economy!

Our interactions across New York City and at Columbia University added substantial depth to our discussions. All this while the architects of our distributed economy are laying the ground to launch our token economy. Here are insights from our visit to the East Coast below!

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Here are key reflections from the week gone by:

Interactions: Discussions in London focused on movements and their implications in social justice. But over on the East Coast, NYC and Columbia dove deeper into social networks and distributed technologies. Here are two questions that stood out in particular for us:

  1. “Isn’t this going to make things worse? Weren’t social networks like Facebook/Twitter etc. distributed in nature, and haven’t they fuelled the polarisation in the world today?”

Absolutely, but these technologies were rudimentary in nature, and had rudimentary designs for data and underlying social fabric. Distributed Ledger technologies allow us to create social networks where data is controlled by you, and more importantly nested in a reputation system. That means hate speech isn’t without consequences — every interaction would have necessary feedback loops built in, informing us about the impact these have in our communities. More importantly, communities can be designed to stay inclusive — and don’t have to fall prey to a moderator influencing the content of the network.

2. “I’m not a fan of sharing my life on social-networks. Does this mean I lose out in the distributed economy?”

  • For starters, social networks in the past weren’t designed for intimacy. There was one standard template that was used to maximise views. However, DLT fosters the creation of micro-networks, each one with it’s own design for interactions. Some might be suited for intimate conversations, others for broadcasting generic information.
  • Online social networks online aren’t the only applications of reputation systems. We can see them in offline interactions as well — it’s just a matter of putting in place feedback loops for this. Wearables that track healthy lifestyles may result in cheaper premiums, carrying your own cloth bags to the shopping malls may bring your other benefits, and so on.

Have a question about this? Leave a comment in a space below and we’ll respond.

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Sneak peek into our Tag-based economy

Token Issuance: ‘How will our token economy function?’ What’s the math behind the reputation economy?’ ‘How can I fund Sacred Capital?’ After several months of iterations, our distributed economy architects in Asia are ready to unveil details. If you’d like to know more and join the first ‘Town-hall webinar’, drop your details here if you haven’t done so already.

Genesis Entrepreneurs: From 17 to 75-year-olds, gamers, environmentalists and even state governments — our list of Genesis Entrepreneurs is growing. If you resonate with this, register here so we can share more with you.

Coming up: We have included Austin on our tour thanks to all the interest. We will be speaking here on 18 July. The next ten days we’re in SF — Austin — LA — San Diego. Are you around? Or would you like to recommend these events to your friends? Then check out the schedule here:

Sacred Capital

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