Harnessing The Calculus Of Intention: An Introduction To Ethereum As Social Computing Ecosystem
This is the abstract for a talk I gave at NYU ITP Camp in 2016. I also gave this talk at The Perm School Of Economics in Perm, Russia as part of Lykke's Future of Markets Winter School in February 2017
Stephen Wolfram is searching for the universal formula of the universe in order to begin creating his own. Albert-Laszlo Barabasi envisions a future where we will predict society in the same fashion we predict the weather today.. These forward thinking concepts for human social evolution require a significant shift in the methods and technology we use to perform our socio-economic activities. Modern database, networking and telecommunications frameworks are broken. The abundant powers which Wolfram and Barabasi encourage in their work are achievable through the implementation of blockchain frameworks which introduce a distributed, decentralized approach to database, networking and telecommunications technology.
The Ethereum blockchain and smart contract ecosystem provides both the semantic infastructure and the composable token economics capabilities to deliver these socio-technical and socio-economic systems.
In this talk I will provide a brief history of Databases, Networking and Accounting methods and the underlying telecommunications frameworks which have shaped the evolution of business processes over the last 40 years. I will highlight a series of architecture flaws which have lead to the breakdown of these various technologies in their ability to deliver optimal results based on the current workload we place on these standard tools and frameworks.
I will present several state of the art alternative methods for Decentralized, Distributed networking, database architecture, and telecommunications technologies which utilize the Ethereum blockchain to solve these critical flaws while revealing several paths for innovation and optimization across a large section of modern industries.
“Adam Smith and Karl Marx were wrong, or at least had only half the answers. Why’? Because they talked about markets and classes, but those are aggregates. They‘re averages. While it may be useful to reason about the averages, social phenomena are really made up of millions of small transactions between individuals. There are patterns in those individual transactions that are not just averages, they're the things that are responsible for the flash crash and the Arab spring. You need to get down into these new patterns, these micro-patterns, because they don't just average out to the classical way of understanding society. We're entering a new era of social physics, where it's the details of all the particles—the you and me—that actually determine the outcome.” -Alex (Sandy) Pentland M.I.T Human Dynamics Lab
Our ability to collect, process and gain insight from the millions and billions of data—streams we generate is reaching an exponential position which is capable of unlocking significant value and benefits for all of humanity. In this talk i will discuss the current state of “Big Data“ as a double—edged sword which is as beneficial and liberating as it is detrimental and isolating in delivering powerful results which increasingly affect our well being in a variety of ways.
In order to see the optimal benefits from “Big Data" and Machine Learning frameworks, we must first deal with the foundational cracks which will otherwise prevent these tools from delivering their full potential to humanity.
I will outline the use of management cybernetics and all associated tools and methods, as part of a technological toolkit to benefit mankind.
Meta language, the fine—grained tagging of sentiments with descriptive #tags and channel descriptor @ symbols, allows the overcoming of a complexity barrier in the same way we avoid white noise. Meta—Ianguage. and the introduction of symbolic language tagging into our core Social Media tools (FB and Twitter) is the first step in creating a common framework for humans to communicate and transact value.
We suddenly have the tools and incentive to create what Warren McCuIIoch calls the "Calculus of intention”.