[P2P-F] the distributed future is already there: taken stock of the token economy after terra0

[Michel Bauwens]

dear friends, as I prepare with Alex Pazaites, our new report on
biophysical accountability in open and shared supply chains, I am having
several epiphanies which is substantially changing my views on the
blockchain space.

Think of it this way, we may not like netarchical platforms, but we use
them daily, or we try to build distributed alternatives (mastodon), or we
try to build platform coops, and maybe one day, their users will take them
over. But for billions, they are a huge part of our daily reality.

think of the blockchain enabled distributed capitalism in the same way, we
may not all like it, but is very very real and it is already creating, very
fast, a new distributed ecnomy based on competency networks, token design
for more distribued value distribution, the post-corporate dynamics you
find there, the fact that it essentially relies on commons and open source
even as it commodifies and marketizes, that it involves large corporate,
finance and governmental players but also substantlally rebalances the
power between labour and capital, all this is absolutely fundamental and
profoundlly world-changing. We have to have the same position to it as with
netarchical capitalism, i.e. what are the strategies to make it work for
commoners and the great majority of the world population, and we probably
need to have more extensive dialog with the contributory and cognitive
working class that is making it all happening, even if under the cover of
mostly market-driven ideologies.

what they are achieving and thinking about is no longer science fiction,
but daily life for tens of thousands of people, and here in Chiang Mai, a
few hundreds but perhaps a few thousands, who are making a living from the
token economy and within crypto networks

it will also substantially affect our relationship with the natural world;
remember how new zealand gave rights to a river, now imagine the second
step, that this river is enabled to exercise these rights through a DAO ...

of course, such a vision elicits many worries and questions, but there is
no doubt about it, this reality is on the horizon, and it competes with the
3 other quadrants of our future's scenario (which is not about the future,
but for worlds-to-be being enacted simultaneously today); netarchical
capitalism, distributed capitalism, global commons and their
entredonneurial coalitions, and the SLOC urban commons, they are all there
now, asking for our engagement and critique. But there is no doubt, the
inevitable cosmo-local re-arrangement of our productive systems, sine qua
non for human survival, will draw on all four quadrants ...

I'll end with listing 3 remarkable initiatives I found in just the last
week, i.e. the ecological state protocols of Regen network, which allows
for the token-based rewarding of regenerative improvements; the ostrom
contracts of david dao at ETH Zurich which allows for putting ostrom
governance rules in smart contracts, and last but not least, the terra0
initiative for augmented forests etc .. which gives autonomous rights and
possibilties for natural entities to defend themselves and defend their
integrity. Terence McKenna's 'archaic revolution' is coming to pass in that
one!


   - see the Reverse Mining
<https://wiki.p2pfoundation.net/Reverse_Mining> project
   at regen.network: Regenerating a Carbon Drawdown Economy Through Reverse
   Mining and the Blockchain
   <https://wiki.p2pfoundation.net/Regenerating_a_Carbon_Drawdown_Economy_Through_Reverse_Mining_and_the_Blockchain>


   - the Ostrom Contracts <https://wiki.p2pfoundation.net/Ostrom_Contracts> as
   proposed by David Dao.


   - Terra0 <https://wiki.p2pfoundation.net/Terra0> "is a scalable
   framework built on the Ethereum network that provides automated resilience
   systems for ecosystems. Via instantiating a Decentralised Autonomous
   Organisation atop areas of land to manage them, terra0 aims to create
   technologically-augmented ecosystems that are more resilient."



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