We're not in 'the early days of the internet' with blockchain and cryptocurrency. We haven't even begun the computer revolution.
In 1984, it was found that 18.3 percent of the US population under 18 years of age used a computer. For under-18 it was about 30 percent. For cryptocurrency, a 2018 survey found that only 8% of Americans owned cryptocurrency, and we can only assume that a much smaller percentage actually used it daily or at least weekly. We're a long way from 1984, when the first mass-market personal computer was introduced. Before blockchain starts the 'internet 3.0' revolution, it first needs to start the 'personal computer' revolution.
(You are here.)
What would the personal computer revolution for blockchain really look like? It isn't so much about making blockchain and crypto easier to use for the general public or making things smaller, as we might assume. The answer is hidden because we don't really know what blockchain is yet.
We know that blockchain is a new kind of computing technology, but what does that mean? Is it about distributed computation, like the Ethereum 'world computer' that charges per software instruction executed, or per financial transaction executed like Bitcoin does? Or is it just a system to administer decentralized digital currencies using cryptography?
Blockchain is an economic computer, not just a computational one. Its ability to decentralize and distribute economies is similar to how traditional computers did the same for information. If we only see blockchain as a new way to record and distribute information, we are missing the real revolution that is happening right before our eyes.
Where a traditional computer processes information, blockchain processes economies and markets. Yet, value production on Ethereum and similar blockchains is limited to miners and validators rather than all participants (which is how it is supposed to work). That's because it's not meant to serve as a way for all participants to produce but serve as the 'BIOS' of the economic computer. Running on top of this is 'DOS', in the form of smart contracts..
While the great majority of crypto developers are busy with huge, globally-distributed economic computers called blockchains (or, 'mainframes'), the masses haven't yet found any reason to use them. Blockchain hasn't found its human purpose yet, because the average person isn't interested in using DOS the way developers are. They want Microsoft's Windows OS.
'Microsoft Windows' in this paradigm shift will not be a browser for d'apps (decentralized apps), as we might assume. It will be, instead, a way to more easily store and produce economic-based value, just as Windows is a way to more easily store and produce information-based value.
A traditional OS like Windows is good for computationally tractable tasks which could easily be performed by a machine. For computationally intractable tasks which involve a more social element and are too difficult for a machine or AI, a different kind of approach is needed.
Workchain OS will allow users to interact with micro-economies and amplify their ability to see information in ways that can make them more productive and benefit financially. Essentially, It will provide structure to the abstract world of value that is always there, but would be more difficult to make sense of and relate to otherwise.
A traditional OS is good for supporting organisationally centralised information systems like for a business or personal project. But for organisationally decentralised information systems, an OS that allows disorganized participants to self-organize into purposeful and directed actions via incentives is better.
Traditional operating systems also aren’t smart enough to understand your intentions. Humans can, with the right incentives. Workchain OS turns blockchain into a game of incentives for the masses to produce all kinds of value in every domain.
As networks of transistors have evolved into network of computer applications, networks of documents and other files found in a traditional OS will evolve into
networks of concepts and other intangible assets that Workchain OS will facilitate and allow users to extract value from.
Money itself is the OS of societies and their economies, with very few really knowing how it actually works. If we imagine that those who knew how to use this 'money operating system' were more productive – and thus, wealthier – than those who didn't know how to use it, we can begin to understand that a free market system may actually be quite fair, compared to alternatives. If someone is at a disadvantage, it's most likely because they never learned how to use the system to their advantage. Workchain OS can level the economic playing field, allowing the average person to not only see value much more easily, but to earn from it.
The dead capital inside each mind has tremendous value once we are able to unlock it with the right incentives.
The modern computer is, essentially, a calculator. Every bit of text you read, video you see, and program you use, is a series of calculations whose results can be presented to you over an interface.
It would have been extremely difficult for anyone in 1960 to conceptualize how a new type of calculator could allow the entire world to become more productive as a whole, but here we are. The same could be said today of newer forms of calculators, even the more abstract ones.
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