Bankless Why Are We Here? Crypto-Anarchism Explained | Arjun Bhuptani
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Nov 19, 2024 Arjun Bhuptani, CEO of Everclear and a pioneer in L2 research, sheds light on the essence of crypto-anarchism, igniting curiosity about our presence in the crypto space. He delves into the philosophical roots of blockchain as a response to increasing centralization and authoritarianism. The discussion touches on the patterns of governance, the challenges of resource management, and how decentralization could pave the way for a fairer society. Moreover, Arjun tackles the fierce competition in crypto and the critical need for enhanced privacy.
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Increasing Authoritarianism
- The world has become increasingly authoritarian over the last century, partly due to technology and the American empire's lifecycle.
- This trend is mirrored in corporations, with increasing consolidation and negative externalities like CO2 emissions and deforestation.
Tragedy of the Commons and Solutions
- The tragedy of the commons describes the failure of human coordination, where individuals prioritize short-term gain over long-term sustainability.
- Centralization and privatization offer solutions, but they both suffer from the "who watches the watchmen" problem.
Institutional Corruption
- Historically, large-scale institutions struggle to represent constituents effectively without succumbing to corruption.
- This bleak reality suggests a fundamental flaw in how we design and operate institutions.