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Decentralized society - is it still utopia?

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Pavol Luptak

on 13 May 2015

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Transcript of Decentralized society - is it still utopia?

Decentralized society - is it still utopia?
(Transforming the central government to the decentralized society)

Why decentralised society?
Transforming the centralised government
Let's use bitcoin based technologies:
Decentralized registers
Multisignature transactions
Smart property
"Assurance" contracts
Trust-davis reputable models
Trading across chains
The Way out
There are technical solutions for the better decentralized society.
$whoami
Cryptoanarchist and voluntaryist
Focused on technology and society hacking
Founder of IT security company and Slovak hackerspace
No politicians with centralised corruptible power
Strong competitive environment with minimum of monopolies and more effective
None or low voluntary transaction fees
Possibility of voluntary contracts, decentralised pledging systems immune against corruption
Central cadaster, central register of companies or cars
Bitcoin blockchain can represent any key pair value or timestamp/reference to another decentralised register (e.g. namecoin)
Ownership of any company, car, property is claimed by a private key
The private key can be divided and provided to multiple trusted parties
Selling/buying can be done efficiently without 3rd party using Smart Property
Government's tenders
Classical problem is "bottleneck" or SPOF - one or many easily corruptible people
Possibility to create voluntary "assurance contract" for public goods funding
Someone creates a "
highway funding
" contract with the following hardcoded conditions:
subject/scope, expected price, deadline of the contract
("highway", 100k BTC, 1.5.2015)
"incentive" conditions
- who invests 1 BTC, will have highway toll-road for 5 years, who invests 10 BTC, will have lifetime highway toll-road, who invests more than 100 BTC, gain some % of highway ownership
"fulfilling conditions"
(using multisig) in order to move money to the highway builder - if 90% of backers who invested more than 1000BTC claim the highway is built and the independent expert has the same opinion, the transaction to the builder/investor is executed
"deadline conditions"
, if the deadline 1.5.2015 is missed, the reward to the builder will be 20% less, if the second deadline 1.12.2015 is missed, the reward will be 50% less, etc.
Example:
Super highway funding
Using deposit or escrow service (money of "contract backers" will be returned back to backers if the provider misses the deadline)
Most contracts will be probably fixed and unchangeable in the future, but theoretically it is possible to hardcode another condition to the contract - how and by who the contract can be changed in the future
Dynamic contracts will be probably less attractive for the investors
Assurance for contract providers
You don't like existing contracts?
Create a new one and just ask people to become your project's backers.

Anyone can voluntarily decide what contracts with what conditions he wants to support.
National IDs, passports, driving license
It is possible to create decentralized database with integrated reputation system for the given person (e.g. criminal history, reputation, etc)
TrustDavis: A Non-Exploitable Online Reputation System
Tax office, Custom office
Cryptocurrencies and anonymisation techniques will dramatically decrease expenses for tax evasion
We should expect it would be more difficult and expensive for the government to enforce a proper and effective taxation
If governments start to regulate bitcoin, people will switch to alternative cryptocurrencies which will be more secure and anonymous
Fiat currencies, central banks
Freebanking based on coloured satoshi probably will replace current fiat money
Bitcoin will be used just as a transfer medium
People can voluntarily decide which coloured satoshi of which trusted issuer with which guarantees they want to use
Bitcoin volatility issues will be solved

Government "inspection" offices
Thanks to reputable escrow services they will be useless
Verified by Silk Road market with 97.8% users' satisfaction:-)
And they are feasible.
Contact me
Full transcript