Opinion: Is Blockchain an Important Collaboration Solution?

Abstract: "If you know neither the enemy nor yourself, you will be defeated in every battle." Sun Tzu's Art of War. "Know yourself and know the enemy, you will never be defeated in a hundred battles, and you will never be defeated." When you don't know the enemy but know yourself, your chances of winning and losing are equal. Failure occurs when a group of people cooperate to achieve a desired outcome, but because they do not collaborate in their decisions. Collaboration failures are often the reason we achieve our desired results, as they are common in many systems around the world. What is Collaboration Failure? Some examples of collaboration failures in the modern world are. Nation states refuse to give up nuclear weapons because they want to protect themselves despite the existential threat they pose to the world. Consumers are refusing to give up fossil fuel-powered services because they want to travel conveniently, despite the damage to the world's environment from burning fossil fuels. Users of OSS consume OSS because they want to write new applications more quickly, even though cumulative usage creates barriers for OSS maintainers. The individual cells of the human body live together in harmony, becoming the resource from which the organism pools them; but if one cell is faulty in this balance, it becomes cancer—eventually overtaking all other cells and taking over the body. Collaboration failure can be a self-fulfilling prophecy. For example, if a company decides that a recession is imminent and lays off its workers, other companies may lose demand due to layoffs and then respond by laying off their own workers, causing an economic crisis. Collaborative failure is a utopia without a dictator, a situation that every citizen, including the leadership, hates, but it cannot be conquered. From God's point of view, there is an obvious problem with collaboration failure; from within the system, no single actor can create change, so the best option is to continue to ignore the problem. Opinion: If Bitcoin returns to the $10,500 level, it may continue to soar to $16,000: Cryptocurrency analyst Crypto Michael believes that once Bitcoin returns to the $10,500 level and breaks through the high, it is likely to surge to $16,000 $16,000. Crypto Michael has posted a video on YouTube in which he provides a new analysis on the price of Bitcoin, considering both bullish and bearish scenarios. Crypto Michael” estimates that bearish sentiment will come into play if Bitcoin loses the $8,600 to $8,800 area. He said that if Bitcoin loses this range, it may correct towards the $6,000 price. But before Crypto Michael said ,Institutional investors have shown strong interest in cryptocurrencies and accumulated a large amount of ETH and BTC. Crypto Michael believes that the $10,500 level is crucial for Bitcoin. He said that once Bitcoin reaches this level and breaks upward , the price of Bitcoin is likely to start to accelerate and continue its upward trend. (U.Today) [2020/7/4] Multipolar trap Collaboration failure is also called multipolar trap. A multipolar trap is like this. Human individual Hope to breathe clean air. There are some things to be done so that we don't have high ppm in the air we breathe. Since clean air is non-rivalrous (me consuming it doesn't stop you from consuming it) and non-exclusive (one cannot put clean air behind the ropes and charge a fee), which means that each individual actor has a reasonable incentive to use the system for free. Why donate to a fund to keep the air clean if I already get clean air for free This is the first trap: the trap of fighting alone. Viewpoint: Suggested classification and hierarchical guidance for the development direction of blockchain technology: Jia Kang, dean of Huaxia New Supply Economics Research Institute, and former director of the Institute of Fiscal Science, Ministry of Finance Peng Peng jointly issued an article "Leading the innovation and development of blockchain technology with an inclusive supply-side institutional environment". The article suggests: 1. Provide a loose policy environment, and guide the development direction of blockchain technology by classification and hierarchy. 2. Lose no time in exploring and promote the innovation of the regulatory system, and create a social environment that encourages and tolerates innovation and development. 3. The innovation of the regulatory system must actively summarize the experience and lessons of risk prevention in the so-called "Internet +" orientation. 4. Under the win-win orientation, The innovation of the regulatory system must adhere to the reasonable balance between the two concepts of "regulation in the development of innovation" and "innovation in the development of regulation". 5. Regulation must be combined with the creation of a high-standard legal business environment. 6. Correct understanding and handling The "community" relationship in the mechanism innovation of the oligopoly of the early winners and the co-prosperity development with the latecomers. (Sina Finance) [2020/6/23] If enough participants choose to participate for free, the entire The system starts to take on the burden, and if the burden increases to the point where the system collapses, no one can get these public goods. This is the second trap: the multiplayer trap. From God's perspective, the obvious solution is that everyone Everyone contributes a bit, but they won't do so without a coordination mechanism to ensure that everyone contributes. One way to reduce the impact of failures in coordination is to improve coordination enough that a single player in the game behaves like a multiplayer game Play games when the players in the game believe that they share a common identity or purpose with each other, or if their actions With negative externalities factored into the market-based decisions they make, they play the game together, not separately, and avoid the second trap. Viewpoint: Faced with many challenges, BTC still maintains strong resilience: During the development of Bitcoin, many events have had a negative impact on it. Despite this, Bitcoin remains incredibly strong. Encryption analyst PlanB pointed out that Bitcoin faces multiple challenges: the launch of CME futures and FOMO waves in 2017, the US government’s crackdown on ICOs in 2018, the struggle of ETFs in 2018, the BCH fork in 2018, Bakkt futures in 2019 and the new crown epidemic in 2020. In the face of these challenges, Bitcoin has shown its strong resilience. (NewsBTC) [2020/6/9] Prisoner's Dilemma A famous example of collaboration failure is the Prisoner's Dilemma. The Prisoner's Dilemma is an example of a situation analyzed in game theory that shows why two perfectly rational people might not cooperate when doing so seems to be in their best interest. The following is an example of this. Two members of a criminal gang were arrested and imprisoned. Each prisoner is held in solitary confinement with no means of communicating with another individual. Prosecutors lacked enough evidence to convict the pair on the main charge, but they had enough evidence to convict the pair on the lesser charge. Meanwhile, prosecutors offer each prisoner a deal. Each prisoner has the opportunity to betray the other by testifying that the other has committed a crime, or to cooperate with the other by remaining silent. The likely outcome is. 1. If A and B betray each other, each will serve 2 years in prison. 2. If A betrays B, but B remains silent, A will be released and B will serve three years in prison. 3. If A keeps silent, but B betrays A, A will serve three years in prison, and B will be released. 4. If both A and B remain silent, they will both serve only one year in prison (on the lesser charge). Opinion: Canada will implement new anti-money laundering regulations, and encryption companies that have prepared in the early stage may benefit a lot: As previously reported, a departmental report released by the Financial Transactions and Reporting Analysis Center of Canada (FINTRAC) in early March stated that on June 1, FATF After the new regulations take effect, the center will begin to more strictly monitor virtual currency companies, transactions and activities. In this regard, Dean Skurka, director of finance and compliance at Canadian cryptocurrency exchange Bitbuy, said, “One of the biggest impacts on virtual currency traders will be their internal reporting and external reporting requirements. The past few years have been preparing for this system. Companies that do will benefit greatly as their systems will be in place by the deadline of June 1, 2020. Those who have not will have to significantly increase their commitment as this is a large effort and should not be taken lightly. Ultimately, the decree will improve the environment for consumers by mitigating some of the money laundering risks associated with crypto, Skurka said. Still, while praising the introduction of regulatory transparency, Skurka reasoned that crypto firms could face the same banking challenges as traditional MSBs. Enforcing travel rules is not just a technical difficulty, it is a major pain point for those who are privacy conscious. Still, according to Skurka, as long as transfer rules are applied correctly, and in a way that protects user privacy, it could usher in a new era of transparency because "it will solve many of the problems associated with cash, SWIFT wires, and law enforcement's inability to track criminals." related issues". (Cointelegraph) [2020/3/30] Because betraying a partner provides greater rewards than cooperating with them, all purely rational self-interested prisoners will betray each other, which means that the only possible outcome for two purely rational prisoners is that they Betray each other. Voice | Opinion: Blockchain is expected to lead the transition of mankind from a "contract society" to a "smart contract" society: Sina Finance and Economics published a commentary today saying that all obstacles to the development of human society are fundamentally due to "mutual distrust" caused, in particular, various economic and financial crises. If the problem of mutual trust can be solved, mankind will complete a very big leap, and the development of blockchain has gradually laid the foundation for this. Human civilization has evolved from an "identity society" to a "contract society", and blockchain is expected to lead mankind to transition from a "contract society" to a "smart contract" society. [2019/12/2] In reality, despite what the simple model of "rational" self-interested action portends, humans display a systematic bias towards cooperative behavior in this and similar games. The more the participants trust each other, the more they will cooperate for the best mutual outcome. Bentoism Bentoism is the theory that self-interest is multifaceted. Today, we view self-interest in terms of short-term individualism. I, as a human being, want something right now. While this perspective is in our self-interest, it doesn't capture the whole picture. Bentoism (an acronym for Beyond Near Term Orientation) is a broader perspective on what is valuable and in our self-interest. This includes what I want and need as a person right now (me now). But it also leaves room for consideration of our future selves (future me), those we depend on and who depend on us (now us), and the next generation (future us). All of these spaces affect us and are affected by us. They are all in our self-interest. Moloch: God of Collaborative Failure In addition to the form of game theory, collaborative failure is even reduced to a more intuitive form; in 2014, the notorious article "Meditations of Moloch" imagined that collaborative failure is like a powerful demon, ruling over human beings , tempting individual human beings to choose defection instead of cooperation, and ultimately impose suffering on human beings. The Evolution of Trust Game designer Nicky Case has created an HTML5 game that allows end users to explore how trust -- a high-order seat when you design for collaborative communities -- evolves in communities. The game is worth playing by itself (click here to play), but here's the TLDR of the game theory behind it. How the Industrial Age Solved This Problem Notably, the financing of collaborative public goods is a problem that governments have traditionally solved (with varying degrees of success). By taxing citizens, and by using force to mandate that everyone pay the tax, the government effectively solves the free-rider problem. Either pay taxes or go to jail. In some countries, this has led to substantial financing of some public goods. In other countries, funds are used suboptimally, or in some cases, in corrupt ways and without accountability. "Taxing is stealing" is a favorite talking point of liberals the world over -- and government policy experts might disagree. It is beyond the scope of this article to spend too much time discussing this issue; partly because it is a very complex topic, but also because the world is changing, and with the emergence of new technologies and cultures, the non-coercive funding of public goods is becoming more and more critical. more and more likely. Blockchain collaboration is a solution If only there were a technology that would allow groups of humans to choose to easily collaborate with each other, that would be great! This is blockchain. The bottom layer of a transparent trust game where everyone knows where they stand and whose rules cannot be changed for you. I believe this is the vision of Ethereum. We can now codify our values into our economic systems - the eventual form of a stateful internet will allow us to coordinate the actions of multiple economic actors and therefore solve the problem of failure to collaborate. However, it would be foolish to deny the current level of greed in the blockchain ecosystem. My belief is that while this greed is necessary for blockchain technology to bootstrap itself, it is not the final form of a blockchain ecosystem. Greed (numbers go up) is just a bootstrap. Cryptocurrency was not created to make you rich -- it was created to set you free. Another way to imagine cryptocurrency is like a multi-stage rocket. The first stage of the rocket is a financial incentive (to be richer). The second stage of the rocket is more sovereign (more free). One is designed for the lower atmosphere and the second is designed for the upper atmosphere. Unfortunately, without the first phase, we would not have the second phase. I believe in the second phase of cryptocurrencies because I have seen it. I've seen glimpses of "four-dimensional space" -- a place where collaboration failures have largely been resolved. Practicing Collaboration Gitcoin's mission is to help solve the problem of funding digital infrastructure using Ethereum technology. Open source software generates $500 billion in economic value each year, yet maintainers of open source software are often underpaid, overworked, and underappreciated. It was a collaborative failure! Right now, Gitcoin is doing $6M/quarter funding for open source software, and has given $20 million in funding to open source software developers. We use Ethereum to create economic games (and relationships) between funders and builders of open source software. Along the way, we learned about public goods and collaborative failures, and how to collaborate on them. Our goal is to start with open source software engineers because they are in dire need (funding). They understand the need to be patient when dealing with new technologies/UX.

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Blockchain