The document discusses traditional solutions for governing scarce resources like land, money, and public goods using religion, markets, third parties, and local networks. It then explores concepts like the commons, tragedy of the commons, governing the commons, and how trust and social capital are important commons. Blockchain is presented as an evolution that could enable a "Trust Web" through high connectivity, trust, and simplicity on networks. The author envisions using this new technology to fund just and sustainable projects through decentralized organizations.
5. Scarce resources
cows (violence)
money (banks)
land (titles/registry)
stock (shares/lawyers)
property (law)
public goods (social convention)
Traditional solutions
(1) religion / ethics
historical arc ( 632 Torah -> 10 commandments -> self-regulation )
(2) competition / markets
“survival of the fittest”
institutions which compete well survive better
importance of culture
(3) trusted third parties
governments
banks / entities regulated by governamnts
(4) “Go Local”
highly robust high trust networks
6. Commons
prisoner's dilemma v commons dilemma/ assurance / stag hunt / langua
tragedy of commons
hardin's view
south park on tragedy of commons
Donald shoup <> tragedy of commons <> parking
trash/recycling <> governing the commons, sustainability and environme
population growth <> malthusian trap
housing in sf
traffic roads + parking
radio <>titanic
drones
net neutrality
language problem
governing the commons
elinor ostrom <> tragedy of mismanaged commons
tft <> forgiveness, axelrod
law as commons’
trust <> social capital commons fukuyama
legal property <> hence de soto tragedy commons 1bn
hernando de soto, the mystery of capital
social contract as commons
examples
atoms
i got 5 on it
burning man <> reinvention period mad max to utopia
leland stanford on coops and structures
info
tcp/ip
wikipedia as commons <> smallest federated wiki
prices as info commons <> hayek
bitcoin <> money
7. All you need to know about Blockchain on one slide