Crypto Commons

= "Crypto commons, a subset of digital commons emerging in the context of Distributed Ledger Technology such as Blockchain, comprise base layer protocols, applications built on top of them as well as tools and mechanisms used in their design and calibration". [1]

URL = https://www.crypto-commons.org/

Description

1.

"Crypto Commons are open-sourced digital tools and infrastructures emerging in the context of Distributed Ledger Technology such as Blockchain. Comprising both base layer protocols and the applications built on them, their breadth and composability opens new avenues for experimentation. As a computational and organizational substrate for decentralized economies, they reinvigorate post-capitalist visions of commoning as a mode of production formulated in the wake of the internet." (https://www.crypto-commons.org/ccg-21)

2.

"Cryptocommons.org is dedicated to developing a coherent theoretical integration of crypto commons within the wider architecture of commons scholarship.

This ongoing work chiefly entails exploring new forms of networked communities and the tools and mechanisms they develop in their quest. However, it also includes consideration of these novelties in the light of longer standing theoretical as well as practical issues the spread of commoning as a post-capitalist practice is facing.

In an effort to facilitate theoretical and applied innovation in this field, the Crypto Commons Association organizes the Crypto Commons Gathering 2021 as an intersection between applied cryptoeconomic design, community building and commons scholarship. Furthermore, it is currently producing a documentary on Crypto Commons that seeks to bring more mainstream attention to the phenomenon. Last but not least, the Association is also in the process of sowing the seeds of an open knowledge base in order to give emerging theoretical debates on the nature of the crypto commons a public platform."

Discussion

Mike Maples on the libertarian view of the crypto-commons:

"Keep in mind that what makes the commons fail is a lack of scalable governance because there is no centralized control by a corporation or a government. Instead, you are limited to informal relationships among people who know each other.

One of the biggest value propositions of crypto is scalable governance without informal localized trust.

This could be a big idea just like a scalable stock market was a huge breakthrough 150 years ago.

Blockchains create “Governance Markets”:

In its simplest form, a market is a medium that allows buyers and sellers of a specific good or service to interact to facilitate an exchange.

“Stock” markets create a market for buyers and sellers to exchange shares of stock. We needed a stock market to allow companies to sell ownership stakes for money they would use to build large-scale corporations.

In the case of crypto, Satoshi’s white paper shows how to leverage mass computation and connectivity to create “governance markets.” Governance markets allow the commons to scale and create abundance in the same way that the stock markets enabled corporations to scale.

“Governance” markets? Why would people want to buy and sell governance?

Blockchains facilitate precisely this. They create the first medium for people to be rewarded for enforcing decentralized “governance” at scale.

Whether we are talking about Bitcoin, Ethereum, or any blockchain ecosystems, the big idea is the same: Governance markets reward those who contribute to consensus. A “market” is created to award coins to those who enforce the governance rules of the protocol.

Governance Markets will enable the Commons to scale…like the Stock Markets enabled Corporations to Scale

Without a governance markets for a Commons, you will see a tragedy of the commons or the rule of the mob when you try to scale. But if you have scalable decentralized governance at the core, you now have a new platform to fuel new businesses that create massive abundance in ways never before possible.

Just like a stock market was a financial platform for creating the scalable corporation, blockchains can be governance platforms for enabling the scalable commons.

In the not-too-distant future, a new form of networked governance will allow new types of value creation with crypto assets rather than shares of stock, contributors rather than employees, and decentralized collaboration rather than centralized ownership.

...

Prediction: Crypto-powered governance markets will solve the tragedy of the commons and drive future abundance at the same level of scale as the stock market and the corporation. In a pervasively connected world, it will be more global and democratized than what we’ve seen before." (https://medium.com/@m2jr/crypto-commons-da602fb98138)