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Mike | Abundance Protocol

Mike | Abundance Protocol

How crypto can transform the economy and solve the problem of public goods
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How to Prevent an AI Dystopia?

How do we prevent an AI dystopia? As AI development races forward, it is becoming clear that the problem is not with the technology itself but with the incentives of those who develop it. Continuing on the same trajectory will almost certainly lead to a world where we can no longer tell what is real and what is fake, where autocratic governments and powerful corporations have total control over public opinion, where our democratic institutions no longer function, and where people have no power in shaping their destiny.
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Introducing Abundance Protocol

We are facing two fundamental problems in our economy that lead to all the crises we see today, from an impending AI dystopia to the crisis of trust in media and institutions, the climate crisis, social and political turmoil, and so on.
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Abundance Roadmap: Everywhere All at Once

Abundance Protocol’s vision for a superaligned crypto ecosystem.
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Is Crypto the Ultimate Universal Coordination Mechanism?

How do we solve the biggest challenges facing humanity? From environmental degradation to chronic diseases, the crisis of trust in institutions, food and water security, and so on, the main limiting factor is not the lack of resources or people to solve these problems, but the lack of an effective Universal Coordination Mechanism (UCM) to align people’s incentives at the largest scale toward solutions.
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How Crypto Can Fix Social Media

If you spend enough time on social media you begin to wonder if these platforms were intentionally designed to keep people angry and divided. We don’t ask for much from social media; connecting with friends and family, getting useful information, having civilized conversations, sharing opinions and ideas, and so on — that is what we want. Simple, right? But what we get is the polar opposite: fighting with strangers, too much misinformation and lies, incessant outrage, hate and hyperpolarization.
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WTF is the DePub (and Why You should Care)

There are currently over 97 zettabytes of data online — that is roughly three gigabytes of data for every dollar of US national debt. Within this tremendous mountain of data — somewhere between old high school photos, junk email and the occasional tweet — lies nearly all of human knowledge. Now how much of this knowledge is actually correct, how much of it is faulty knowledge that relies on questionable sources or fictitious assumptions, and how much of it is outright misinformation and lies? With so much information out there, how do we even begin to sort the facts from the… alternative facts?
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How Crypto Can Transform the Economy and Government

How can crypto and blockchain technology completely upend our economy and politics? If we wanted to visualize all the political ideologies up to the present moment — from Anarcho-capitalism to communism and everything in between, including democratic socialism, mixed economy, laissez faire capitalism, and so on — and how they relate to the economy, how would we do it? Perhaps the most salient representation would be a Venn diagram with one circle representing the market economy and another circle representing what people want. The area of the diagram where the market circle overlaps the circle representing what people want is the area where the market works. The non-overlapping part of the market circle represents the market’s negative externalities, while the non-overlapping part of the circle represents what people want is the area where the market cannot produce what people need.
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How Crypto Solves the Problem of Public Goods (Whitepaper)

Abstract: a value-preserving coin issuance mechanism, supported by an on-chain domain-specific reputation system, would allow contributors to public goods projects to be compensated proportionately to the economic impact of their work. All participants in the ecosystem have an economic incentive to preserve the value of their currency while maximizing economic growth derived from public goods. When contributors are compensated through new coin issuance, economic growth is maximized and the value of the currency is preserved when the compensation value is equal to the realized economic impact of the public good. Accurately estimating the economic impact of public goods in a decentralized system requires reliable data, credible validation techniques, and mechanisms to counteract potential fraud and collusion — these result from the dynamics produced by the protocol’s incentive structure and built-in mechanisms.