Blockchain technology, as revolutionary as it is, is perhaps most revolutionary in exposing the corner of a whole new philosophy of economics that can be formulated as a Network Economics of Abundance.
Not just a new economic theory, but a new philosophy of economics is required because the entirety of existing economic theory has been constructed around the assumption of scarcity, and reconfiguring our economic thought around abundance instead as a central parameter requires rethinking economics so profoundly as to be a new philosophical position that is outside the field of economics.
The possibility of creating true network economies of abundance and designing personalized economic systems raises a host of issues about what kinds of behavior might result from programmed economic parameters. In moving from indirect advertiser-supported models to direct peer-supported models, for example, one first issue might be the business model - which parts of the system should (can) be free and which paid? For any paid parts, certain externalities and artificial behaviors might be created.
Blockchain thinkers or DAC Brains are the notion of having DAO/DAC entities running with smart contracts on blockchains for the purpose of conducting thinking operations. The genesis of blockchain thinkers could be organic or inorganic: human mindfile lifelogs and uploads, and any variety of brain emulations and AI ML/DL algorithms (artificial intelligence machine-learning deep-learning algorithms). One idea is to instantiate your mindfile on the blockchain as a lifelogging tracker and standalone ideation tool: your own mind as an AI DAC.
In addition to blockchain technology, another clear node of current innovation is in self-determined economic systems. Increasingly, as individuals, we are consciously examining the economic systems into which we were born by default, and questioning their validity, utility, and reach; and proposing alternatives. In some sense capitalism is the new feudalism and there is a finally starting to be the conception and realization of a viable post-capitalist position.
The contemporary era of blockchains as an implementation mechanism for decentralization suggests a new overall conceptualization of life as being supported by any number of smartgrids. Distributed network grids is a familiar idea for resources such as water, electricity, health services, and Internet access, and might be extended to other resources, literally and conceptually.
A worry that is not yet on the scientific or cultural agenda is neural data privacy rights. Not even biometric data privacy rights are in purview yet which is surprising given the personal data streams that are amassing from quantified self-tracking activities. There are several reasons why neural data privacy rights could become an important concern.
The scientific idea that is most ready for retirement is the scientific method itself. More precisely it is the idea that there would be only one scientific method, one exclusive way of obtaining scientific results. The problem is that the traditional scientific method as an exclusive approach is not adequate to the new situations of contemporary science like big data, crowdsourcing, and synthetic biology.
Considering machines that think is a nice step forward in the AI debate as it departs from our own human-based concerns, and accords machines otherness in a productive way. It causes us to consider the other entity’s frame of reference. However, even more importantly this questioning suggests a large future possibility space for intelligence.
Blockchains are a new form of information technology that could have several important future applications. They could be an explosive operational venue for new kinds of autonomous agents like DACs, distributed autonomous corporations. A DAC is a corporation run without any human involvement through a set of business rules based in software code. It is called a ‘corporation’ because it typically engages in corporate operations like fundraising, providing services, and making profits for shareholders. Blockchains are a software protocol upon which digital cryptocurrencies like Bitcoin run.
Automatically-executing smart contracts and their impact on society has been contemplated in many different contemporary science fiction works like Daemon (Suarez), and Accelerando and Glasshouse (Stross). The interesting point is that artificial autonomous agents are becoming increasingly full-fledged participants in the real-life contemporary world.
The right question is not whether Bitcoin is over or under-valued, or over or under-hyped, but what the biggest potential money-making applications might be. While we wait for consumer-ready cryptocurrency applications to be presented to us by the financial services industry and other trusted providers, in the progression of ATMs, online billpay, eStatements, and Apple Pay, there are many other opportunities to be explored.
Blockchain technology is a new concept in large-scale coordination due to a number of key features. First, a blockchain is an open universal transaction system. Every transaction worldwide is processed the same way and posted and made available for viewing on the blockchain. The transaction ledger is publicly-inspectable on-demand at any future moment.
There is ample opportunity to explore blockchains as a new form of information technology, including what consensus models as a core feature might mean and enable. A key question is “What is consensus-derived information?” that is, what are its properties and benefits vis-à-vis other kinds of information? Is consensus-derived information a different kind or form of information?
The future world could be one of multi-species intelligence. The possibility space could include “classic” humans, enhanced humans, digital mindfile uploads, and many forms of artificial intelligence: deep learning neural nets, machine learning algorithms, blockchain-based DACs (distributed autonomous organizations), and whole-brain software emulations.
The advent of blockchain technology has prompted the questioning of many concepts that have been taken for granted for years such as money, currency, markets, economics, politics, citizenship, governance, authority, and self-determination.
The philosophy of complexity is developing as a field of philosophical inquiry to accompany, support, and question advances in the science of complex systems. This is warranted given that the issues surfaced by science findings signal a full slate of philosophical questions in the three main areas of ontology (existence), epistemology (knowledge), and axiology (valorization and ethics).
Bergson claims that free will exists. It occurs in moments when a living being experiences duration, which is tuning into the internal sense of an experience, and a freely-determined action flows from this state. His reasoning is that “if duration is heterogeneous (if we are tuned into the internal sense of experience), the relation of the psychic state to act is unique, and the act is rightly judged free.
Overview of Advances Articulated in Nanomedical Device and Systems Design: Challenges, Possibilities, Visions (2013)  This article provides an overview of the research findings related to cognitive enhancement that are presented in Nanomedical Device and Systems Design: Challenges, Possibilities, Visions (2013), an encyclopedic textbook chronicling a plethora of recent advances in myriad areas of nanotechnology and nanomedicine. The final chapter discusses progress in nanomedical cognitive enhancement, where we find ourselves in a modern era in which many technologies appear to be on the cusp – helping to resolve pathologies while also having much future potential for the augmentation of human capabilities.
Cryptocoin multiplicity is just one kind of currency multiplicity in the modern world. More broadly, we are living in an increasingly multi-currency society with all kinds of monetary and non-monetary currencies.
French philosophers Bergson and Deleuze bring to nanocognition and machine ethics interfaces the philosophical conceptualizations of image, movement, time, perception, memory, and reality that can be considered for implementation in tools for both cognitive enhancement and subjectivation (the greater actualization of human potential).
What is the role (if any) of Bitcoin and blockchain technology with regard to the natural world and traditional science? One obvious link is using the blockchain as a means of improving distributed community computing projects with tracking and remuneration. BOINC, whose software runs SETI@home, has introduced Gridcoin, and [Protein]Folding@home has introduced Foldingcoin.
The blockchain is the decentralized public ledger upon which cryptocurrencies like Bitcoin run; the blockchain is possibly the next Internet; the blockchain is an information technology; the blockchain is a trustless network; the blockchain is an M2M/IOT payment network for the machine economy; and the blockchain is a consensus model at scale, the mechanism we have been waiting for that could help to usher in an era of friendly machine intelligence.
Bitcoin 1.0 is currency - the deployment of cryptocurrencies in applications related to cash such as currency transfer, remittance, and digital payment systems. Bitcoin 2.0 is contracts - the whole slate of economic, market, and financial applications using the blockchain that are more extensive than simple cash transactions like stocks, bonds, futures, loans, mortgages, titles, smart property, and smart contracts
The immediate reaction to the Connected World (26 billion devices by 2020 as predicted by Gartner; more than four connected devices per human; or really 1 for some and 20 for others) is the notion that man is becoming infantilized: over-tracked, over-surveilled, and over-directed by technology, and certainly over-dependent upon technology.
The perfect merger of academic rigor and contemporary thinking has come together in the concept of iSchools, which give practical consideration and interesting learning opportunities to the most relevant issue of our time: information.
We aren’t used to authority being a peer-to-peer responsibility as opposed to something imposed by a centralized institution. Authority floating freely has already happened in information - when information became decentralized with blogging and the restructuring of the media industry, and in entertainment, where individuals became their own taste-makers.
The bigger concept behind cryptocurrencies like bitcoin is blockchain technology. The blockchain (a chain of transaction blocks) is a public transaction ledger, automatically downloaded and stored digitally in electronic wallet applications; a digital record of all transactions in a certain asset class like bitcoin.
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