From 0ae57408426baf1f05809d447dc5ab6eb9292d6b Mon Sep 17 00:00:00 2001 From: Jet Hughes Date: Tue, 22 Nov 2022 17:27:37 +1300 Subject: [PATCH] vault backup: 2022-11-22 17:27:37 --- content/notes/think-writing.md | 2 ++ 1 file changed, 2 insertions(+) diff --git a/content/notes/think-writing.md b/content/notes/think-writing.md index 6c6d8f97d..c0ab97953 100644 --- a/content/notes/think-writing.md +++ b/content/notes/think-writing.md @@ -180,6 +180,8 @@ what type of technology is bitcoin (DOI:[10.2139/ssrn.2811995](http://dx.doi.org p18 social operating system +p20 stigmergic coordination. governance based on a reputation system. reputation can be gained by either making a value contribution or evaluating someone elses conrtibution that is in line with the organisations value system. agents are judged on their actions and their judgements of others actions + p21 "Blockchain distributed ledger technology is a rare and special general purpose technology because it adds a further category to the suite of Williamson’s (1985) ‘economic institutions of capitalism’—namely, markets, hierarchies and relational contracting—with a new type of economic order: a Decentralized Collaborative Organization.16 A Decentralized Collaborative Organization (DCO) is a selfgoverning organization with the coordination properties of a market, the governance properties of a commons, and the constitutional properties of a nation state. It is an organization, but it is not hierarchical. It has the coordination properties of a market through the token systems that coordinate distributed action, but it is not a market because the predominant activity is production, not exchange. And it has the unanimous constitutional properties of a rule-of-law governed nation state, by complicit agreement of all ‘citizens’ who opt-in to such a DCO, and the automatic execution of the rules of that DCO through smart contract enforcement"