A Letter to Jamie Dimon – Chain

assets serve decentralized applicationsDecentralized applications are a new form of organization and a new form of software. They’re a new model for creating, financing, and operating software services in a way that is decentralized top-to-bottom. That doesn’t make them better or worse than existing software models or the corporate entities that create them. As we’ll see later, there are major trade-offs. What we can say is simply that they are radically different from software as we know it today and radically different from the forms of organization we are used to.

Source: A Letter to Jamie Dimon – Chain


We offer case studies of the following decentralized publishing projects:

  • Freedom Box, a system for personal publishing
  • Diaspora, a federated social network
  • Mastodon, a federated Twitter-like service
  • Blockstack, a distributed system for online identity services
  • IPFS (Interplanetary File System), a distributed storage service with a proposed mechanism to incentivize resource sharing
  • Solid (Social Linked Data), a linked-data protocol that could act as a back-end for data sharing between social media networks
  • Appcoins, a digital currency framework that enables users to financially participate in ownership of platforms and protocols
  • Steemit, an online community that uses an appcoin to incentivize development and community participation in a social network

How Bitcoin’s Blockchain Could Power an Alternate Internet

“There is a tendency in computer-land to seek technical solutions to political problems,” Ceglowski says. “In my opinion, the focus on the blockchain (and related ideas) falls into that misguided category. The idea that we should look to algorithms and technology to reclaim our freedoms is fundamentally undemocratic. It presupposes a technical elite who would ‘fix the Internet’ for everyone else. While I can see how this appeals to romantic ideas of hacking the system, I see it as a dangerous trend at worst, and a distraction at best.“We are terrible at predicting the social outcomes of technological innovation. There’s no reason Bitcoin-like distributed systems would be immune from that rule. I say let’s wise up and actually fight this battle on the level where it belongs.”Ceglowski’s argument is surely worth braking for as we race down the blockchain road. A world in which math secures all our property, communications and identities looks cool. Maybe it will solve some of our problems. It might even be better than what we have now.The question to ask is, do these blockchain-based enhancements of our technologies end up giving us more freedom and initiative? Or will a world of “distributed autonomous organizations,” empowered financial algorithms and bots that own themselves only hem in our human sphere of control?It could be exciting to sit back and watch the future drive itself. But it might be smart to keep our eyes on the road and our hands on the wheel.

Source: How Bitcoin’s Blockchain Could Power an Alternate Internet

A Crypto-Decentralist Manifesto – Bit Novosti – Medium

We decentralists are committed to keeping blockchains open, neutral andimmutable. We’re committed to keeping blockchain systems decentralized. This informs all our actions and positions towards any developments in the crypto world and beyond. All attempts to violate any of the key blockchaincharacteristics should be fought. All changes to a blockchain’s rules thatintroduce new centralization risks or strengthen existing ones should be fought. Only developments that are clearly beneficial to decentralization or strengthen the three key blockchain characteristics should be supported and encouraged.The blockchain revolution won’t be centralized. Let’s make sure of it.

Source: A Crypto-Decentralist Manifesto – Bit Novosti – Medium