[Music]
okay so I'll tell you about the
decentralize co-opting web and the black
feed recipe for the centrist
organization and let me just dive
straightly to here let's start with a
quick overview so you all know you're
familiar with the blockchain 1.0 such as
Bitcoin the value system is hard-coded
an objective which means for example in
Bitcoin the value system is defined by
proof work so providing hashing power is
valuable and it's hard-coded into the
client it's an objective value system
the gist of it is that really it's
really an tracking system and the thing
that is decentralized the ledger itself
you can make it trust as cash diamonds
are achievements and overall I would say
that this class is in the early product
stage
then blockchain 2.0 if you you can now
softly code your value system it's still
objective so still valuable contribution
should be a machine readable machine
measurable the gist of it you can deploy
smart contracts and now the dissenter is
Asian is about the execution and you can
basically write self executing
accounting systems banking gains IOT
contracts and so on so forth and this
stage of this class I would say is
roughly the prototype stage in third
class which is also the class that I
will focus on today is dealing with the
emergent and subjective value system
such a value system that human the
people define the G's to feel it it
allows you to basically engage with
collective intelligence and really hear
you decentralize the governance itself
so examples would be the centrist
collaboration curation of content or
even curation of physical objects such
as restaurants decentralized insurance a
networked p2p insurance the central
investment funds and so on so as long as
you want objective accounting system
blockchain is just fine if you want in
the central insurance system with it
with a subjective assessment of claims
for example you need also this kind of
collective intelligence protocol or the
central governance and this this class
is totally in a instill in the research
stage
so let me let me dive into the back it
really really quick a high level
overview of the defeat protocol is
composed of three element inventory
layers the subjective layer the
objective and the inter objective the
subjective air is really about the p2p
view and flow of content basically I
won't get into it much but this is it's
kind of a decentralized social network
algorithm and then the the main the main
layer is the objective there which is
about the network consensus is how to
allocate in a decentralized fashion to
allocate reputation score and tokens to
agents in the decentralized network and
then of course the curation of objects
through the value system of that network
and then the inter objective layer is
about basically the relationship between
various networks
so in the following I will consider the
case of the central corporation but
basically much of what I will say will
hold for the other use case as well
so ok so that's just imagine network the
the balls are our agents with private
keys the circles are agent without
private keys basically smart contracts
or if you want decentralized networks
and all of them are agents of the
centralized network number one so this
is the worldview as seen by a network
number one we'll get back to that later
so the objective lair basically or the
intra network dynamics looks something
like that so anyone let's see yeah
anyone can post a contribution for
example you can post to the network a
code library and then you also post your
own evaluation of that contribution and
then every every agent in the network
any agent in the network can post his
evaluation of that contribution what is
the value of that contribution the
subjective value you say different agent
may have different irritation in that
network and they also can have different
assessments at some point when you when
you get a majority threshold the network
will now issue new tokens and reputation
score and allocate them to the
successful contributor but also
successful evaluators
ok so the objective there is really
about a repeating reputational weighted
voting system for the location of tokens
and mutation per contribution to the
yeutter
basically the outcome of the voting is
the median that's pretty important and
one consequence of that is that you only
get issuance of token once you reach a
majority threshold we'll talk about that
later and then most importantly there is
also reputation will flow from
non-voters later borders and misaligned
borders into early aligned borders that
basically create the the the backfield
loop which means that the the majority
the majority is that is a systematic
align is its reputation is increasing
and increasing and that creates
that's basic create growing alignment in
the network but also growing incentive
to fork the network
that anyone can do in a click of a
button so that that brings us at the
inter objective layer which is the
existence of multiple value systems
so this is the view the world view of
network one so now maybe this is the
world view of network two you can as you
can see different agents sorry the
agents in different networks may have
different reputations according to the
network and
the inter objective layer in the
protocol is basically about defining the
the network as being an agent in other
networks so that the outcome is multiple
value systems that they can have various
relationships they can be complementary
competing or mother-daughter
relationships or any combination of
those and then the match of that
protocol is about defining the network
as an agent in other networks which
means how to take the aggregation of
internal contribution within the
networks and triggering with them
training the external contribution
evaluation of the network in other
networks so that that part of the
protocol and the outcome is the federal
governance
network or federal governance structure
as well as economic relationship between
networks and in terms of token
Redemption so if that was the dynamic
the intra network dynamic the
internetwork dynamic looks like
something like that so once once there
is a threshold and distribution of
internal tokens the network also post
the evaluation to a larger network but
now remember that the agents in
internally can also may also be having
reputation in the external Network and
then this process can go on and on like
that
so the outcome network topology in the
simplest case may look like that
something like that and in more general
case it can also be more complex
so that brings me to the problem of in
solution of governance scalability so if
we go back to here a quick look at this
can can show you that
well the governance scalability problem
is that it's in order to remain
resilience you need to have majority
threshold for each decision to make
which is which is not very functional so
for example here the 45 agents below
let's assume they have equal reputation
if they were in a single Network then
you'll have 20 you'll need 23 of them to
agree about any decision but with this
network topology you can reach the
station with only 12 agents attending
every decision so that's crucial but
since not not every not any 12
configuration 12 people configuration
work for that reason you can show that
resilience is actually kept the same
ok so solving the governance occurs in
progress made by semi compositional
network topology as well as added with
delegated voting system and also
non-voters leaking reputation
okay I'll just keep a subjective area
again just beautiful flow of information
it basically based on trust scores
reputations and endorsements and let me
quickly just if I have some time left
yeah let me quickly just discuss the
block to implementation which is a based
on a novel architecture so the idea the
question was how to implement all this
protocol on the blockchain in a scalable
way
so the point is that the blockchain only
have a I would call box a minimalism the
smart content blockchain is also very
very simple smart contract which is
basically a reputation weighted
multi-state contract to change the state
the state on the blockchain is just the
reputation token balances and
established the established votes and
then there is also the state change
protocol or the of the protocol and then
the rest all the messages between people
the the signing of masse of
contributions and evaluations as well as
the calculation of the protocol itself
is all export beyond the change so off
chain
so how it looks like something like that
someone is stunning contribution is
posting into the network someone else is
a posting evaluation like that they
reach the majority at that point he has
a package roughly look like that and
then it only then is posting the state
change claim proposition into the
blockchain and then all the reputable
agents are being called to calculate
locally under the machine the state
change according to the protocol and if
they agree with that to sign that a
state change so let me just end with a
few few shanks um some timeline so
firstly let me tell you that back feed
goes nonprofits or we opening a
non-profit foundation to continue the
research and development of the protocol
stack for the centralization in the 19
to 23 of October there is a protocol
workshop if anyone is interested in that
domain please just email me
and you can participate and then we are
expecting until the end of the year to
complete the protocol specification and
then three months later to release an
alpha stage life central organization
thank you thank you very much thank you
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