Blockchain and the Future of Global Governance

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Confidence in Congress remains pitifully lowdriven by perceived low ethical standards and an increasing awareness that politics is bought by the highest bidder. Now, a group of technologists and blockchain enthusiasts are asking whether a new medium blockchain governance could reform the system, bringing citizens closer to their representatives and holding congressmen accountable to their voters in a public, verifiable way.

And if you live in western San Francisco, you can actually vote to put this system into office. Using a liquid democracy platform, however, that voter medium blockchain governance select a personal representative who has the authority to be a proxy for their vote. Here is where the magic happens. Those proxies can themselves proxy their votes to other people, creating a directed network graph, ideally connecting every voter to politicians and all publicly verified on a blockchain.

David Ernst is a leader of the liquid democracy movement and now a candidate for California Medium blockchain governance District 19which medium blockchain governance on the western half of San Francisco. He is ardently committed to the concept, and despite its novelty, believes that this is the path forward for improving governance. Ernst has had a long-time interest in politics — his father was the city attorney of Dallas from — but he found the current political environment uninviting.

Following college which medium blockchain governance began at age 16 and a few startup jobs, Ernst began working as CTO of a startup called Numeraia crypto-backed decentralized hedge fund that allows data scientists to earn money when they solve data challenges. He built a platform called United. More importantly, the app then tracks how those votes compare to the votes of congressmen and provides a scorecard.

Ernst believes this is vastly superior compared to other feedback mechanisms. The popularity of liquid democracy today is certainly small. The Flux Party in Australia garnered 0. Ernst, though, is unperturbed.

The hope is that more medium blockchain governance will join the platform when they see it can provoke real change in politics. The primary will be held June 5, and the top two candidates regardless of party affiliation will compete in the general election on November 6th.

Ernst knows that the tech is early. Those software fixes though just might fix democracy itself.

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WTF is the blockchain? Ever wonder how bitcoin and other cryptocurrencies actually work? How the bitcoin protocol actually works by Michael Nielsen http: Ethereum in 25 minutes by Vitalik Buterin https: How does Ethereum work, anyway? Cryptographic hash function — what they are, properties of, etc. The idea of smart contracts by Nick Szabo http: Why bitcoin matters by Marc Andreessen https: Beyond the bitcoin bubble by Steven Johnson https: A breakthrough in open network design by Chris Dixon https: Crypto tokens and the coming age of protocol innovation by Albert Wenger http: Fat protocols by Joel Monegro https: Bitcoin network effects by Elad Gil http: Why crypto tokens matter Fred Ehrsam and Chris Dixon https: What are cryptonetworks and why are tokens fundamental?

Money, blockchains, and social scalability by Nick Szabo http: Why decentralization matters — from eras of the internet to cryptonetworks by Chris Dixon https: The meaning of decentralization — but what does that actually mean? Quantifying decentralization — we must be able to measure blockchain decentralization before we can improve it by Balaji Srinivasan and Leland Lee https: The slow death of the firm by Nick Tomaino https: Vitalik Buterin, creator of Ethereum — Unchained: Mental models for understanding tokens Nick Tomaino and Chris Dixon https: Hard forks, soft forks, defaults, and coercion — illustrating fork types, benefits, addressing criticisms by Vitalik Buterin https: Governance deep dive — slides from Blockchain at Berkeley https: Blockchain governance — design components, approaches, suggestions by Fred Ehrsam https: Against on-chain governance — refuting and rebuking the above post by Vlad Zamfir https: Thoughts on governance and network effects Luke Duncan https: Notes on blockchain governance by Vitalik Buterin http: Privacy on the blockchain by Vitalik Buterin https: Securing smart contracts series — 6 Solidity vulnerabilities and how to avoid them from Loom https: Ethereum smart contract best practices by ConsenSys Diligence https: Platform currencies may soon be obsolete — here is my claim: What is the Lightning Network and how can it help bitcoin scale?

Ethereum scalability research and development subsidy programs by Vitalik Buterin https: Construction of a plasma chain 0x1 by David Knott https: Accounts, transactions, gas, and block gas limits in Ethereum by Hudson Jameson https: A proof of stake design philosophy by Vitalik Buterin https: Delegrated proof of stake: Features and tradeoffs by Myles Snider https: Tendermint; Tendermint BFT vs.

Ethereum Casper by Jon Choi https: Inflation and participation in stake-based token protocols by Doug Petkanics https: Making sense of cryptoeconomics — the term and the concept by Josh Stark https: A crash course in mechanism design for cryptoeconomic applications — understanding the basic fundamentals of cryptoeconomics from BlockChannel https: Cryptoasset valuations — a theory and framework for evaluating by Chris Burniske https: Comments on the above tweetstorm — network effects?

On value, velocity, and monetary theory — a new approach to cryptoasset valuations by Alex Evans https: On the quantity theory of money for tokens — take from a former research officer at Federal Reserve Bank Minneapolis by Warren Weber https: On medium-of-exchange token valuations by Vitalik Buterin http: Understanding token velocity by Kyle Samani https: A process for evaluating new tokens by Nick Tomaino https: Token classification framework — a multi-dimensional tool for understanding and classifying crypto tokens by Thomas Euler http: Fat protocols are not an investment thesis by Jake Brukhman https: Skin-in-the-game coins by Ryan Selkis https: Thoughts on tokens by Balaji Srinivasan https: Funding the evolution of blockchains by Fred Ehrsam https: The bitcoin model for crowdfunding by Naval Ravikant https: How to make bonding curves for the economic web — a novel token distribution mechanism for building healthy communities, a technical primer by Slava Balasanov https: State of decentralized exchanges, by Nathan Sexer https: Networked liquidity — projects solving the chicken and egg problem by Radar Relay https: List of decentralized exchanges — of cryptocurrencies and tokens does not yet include column for degree of decentralization https: A holy grail in digital currency by Nick Tomaino https: An overview of stablecoins by Myles Snider https: The search for a stable cryptocurrency by Vitalik Buterin https: The emergence of cryptoeconomic primitives — definitions and building blocks of a token-based economy by Jacob Home https: Token lexicon — buzzwords related to curation markets and collectibles by Billy Rennekamp https: Introducing curation markets — trade popularity of memes and information with code!

Token-curated registries — a more formal but less-than-mathematical view of token-curated registries by Mike Goldin https: Smart media tokens from Steemit https: Rare pepe — what happens when you combine a crypto-asset with a meme and a trading card by Fred Wilson http: How to code your own cryptokitties-style game on Ethereum by James Martin Duffy https: Learning Solidity — commit-reveal voting by Karl Floersch https: Epicenter — a trove of interviews with many different blockchain project leads https: The Control — on the entrepreneurs, projects and protocols that are putting control of power in the hands of the people by 1confirmation https: Proof of Work — projects and progress in crypto, also a view from China by Eric Meltzer https: Cryptocurrency by Susan Athey and Kathryn Haun http: Advanced topics in computer science: Bitcoin and cryptocurrency technologies by Arvind Narayan http: A graduate course in applied cryptography by Dan Boneh and Victor Shoup http: Curation Markets, Cryptocollectibles, Games The emergence of cryptoeconomic primitives — definitions and building blocks of a token-based economy by Jacob Home https: