Speaker John Ash | Money, Metrics and Blockchain @SpeakerJohnAsh | Uploaded September 2021 | Updated October 2024, 8 hours ago.
This philosophical video tackles assumptions around money and metrics. The speaker argues that any tokenized asset representing transferable value, whether stocks or bitcoin, shapes behavior in antisocial ways when profit is the optimization goal. As firms grow, positive visions erode to market demands.
However, the speaker believes emerging decentralized technologies could reinvent social accounting. Rather than track financial capital on ledgers, we could log contributions to collective wellbeing - compersion, generativity, harm reduction. As long as institutions like Facebook dominate attention via opaque algorithms tuned for engagement, misinformation spreads.
But decentralized protocols could properly attribute authorship and spotlight prescient warnings. By codifying ethics into incentive structures, we correct distortions rendering profit-seekers blind to negative externalities. The speaker suggests prediction markets assessing the societal reception of ideas and actions as a collective guidance system. Our shared future may hinge on using blockchain to value truths over transactions.
This philosophical video tackles assumptions around money and metrics. The speaker argues that any tokenized asset representing transferable value, whether stocks or bitcoin, shapes behavior in antisocial ways when profit is the optimization goal. As firms grow, positive visions erode to market demands.
However, the speaker believes emerging decentralized technologies could reinvent social accounting. Rather than track financial capital on ledgers, we could log contributions to collective wellbeing - compersion, generativity, harm reduction. As long as institutions like Facebook dominate attention via opaque algorithms tuned for engagement, misinformation spreads.
But decentralized protocols could properly attribute authorship and spotlight prescient warnings. By codifying ethics into incentive structures, we correct distortions rendering profit-seekers blind to negative externalities. The speaker suggests prediction markets assessing the societal reception of ideas and actions as a collective guidance system. Our shared future may hinge on using blockchain to value truths over transactions.
