Tag Archives: blockchain

P2P Governance: Blockchain as a Commons

How could a P2P Economy save the Planet?

I attended a conference given by Michel Bauwens yesterday in Barcelona that really went above and beyond my expectations and, to my astonishment, it made me see things through a different and hopeful prism.

Earlier on Financial Translation I wrote about the blockchain and even tackled some very alternative tools for organsing economy (see Wörgl, the miracle of a local currency) or Fuller’s World Game (see If we ruled the world), but yesterday Michael Bauwens took it up a notch.

Michael Bauwens, the founder and director of the P2P Foundation, is a top figure in the field of P2P economies and the commons movement. He presented his last P2P Foundation report “Towards a P2P Infrastructure for a Socially-Just Circular Society” . It explains how using shared perma-circular supply chains, post blockchain distributed ledgers, protocol cooperatives, and other forms of post-capitalist accounting, could save the planet.

Michel Bauwens P2P Economy Barcelona Meetup

Whether you are a fan of neoliberalism or not, and regardless of ethical and moral considerations, at this point, one thing that few people seem to doubt is that, at the current rate of growth, this system will end up depleting our natural resources and threatening our very existence. As we all know, the logic behind neoliberal capitalism is continuous growth. It just can’t stop growing. It’s like a shark: It has to constantly move forward or it dies. In a world of limited resources, it is sentencing human beings —and along with us many other species— to extinction. So it is not a question of ideologies or ethics, it has become an issue of sheer survival.

Since the fall of the soviet bloc, there has been no alternative to predatory ‘capitalism’ (which nowadays is not even capitalism, but an oligarchy exercising economic, social, and political influence out of all proportion). When you look at it, the paradox is that real capitalism was against oligarchic economies, and liberal countries were the ones with more antitrust laws to ensure free competition… That being said, what if ‘capitalism’ , ‘communism’ or any of their hybrids weren’t the only systems under which human societies could be organised? Ever since slavery, including feudalism, communism and capitalism, power has always been centralised. Even under communism, power was centralised in a single political party. Not surprisingly, it has been the source of corruption, plundering of natural resources, abuse and misuse of power, destruction of the environment, inneficiency, inequity, modern slavery, injustice and grievance…

The point is that maybe there is a decentralised way of organizing human societies in an era when states are losing legitimacy and becoming obsolete. It is hard to conceive because we have been born and raised imbued with the logic and spirit of market economy, as if we were born in a Matrix where we can’t even figure out other alternative realities to the old-fashioned post-liberal states. Michael Bawens is not himself an anarchist. He still believes there’s a need for a state and an administration, but a very different one in nature, a P2P state, a commons economy based on decentralised technology —most probably the Blockchain.

So if you want to think ouside the box, beyond the classical paradigms and expand your mind to new, decentralised ways of organising community life, listening to what Michael Bauwens has to say is a must. It actually might save the planet, which is not small feat.

my opinion

Recommended Links

P2P Accounting for Planetary Survival by Michale Bowens and Alex Pazaitis

Wörgl, the miracle of a local currency

If we ruled the world

Blockchain and Cryptocurrencies glossaries

Pascalcoin, an awesome crypto with a bright future

Pascalcoin (PASC), a ground-breaking crypto

I have recently learned about a crypto that I’m quite sure won’t go unnoticed in the coming years. It appeared as though out of nowhere and, suddenly, its transaction volume nearly doubled that of other better known cryptos. It has indeed some awesome features that really drew my attention:

To begin with, Pascalcoin is written entirely in the Pascal programming language, which is an imperative and procedural programming language, designed in 1968–69 by Niklaus Wirthand and published in 1970.  It was named after the French mathematician, philosopher and physicist Blaise Pascal. As for Pascalcoin, the initiator, creator and original architect of the code is Albert Molina.

programming language
Blaise Pascal

A fundamental feature that helps PascalCoin stand out from the crowd  is the payload hash function that can be applied to operations on the chain. Believe me, it is no small feat.

Albert Molina on Pascalcoin

Pascalcoin is a very original cryptocurrency with a groundbreaking new technology called Safebox, which compliments the Blockchain in a way that allows it to be deleted whilst retaining its full cryptographic security. It means that it can achieve infinite scalability. A safebox is where you save amounts of each address through each block of the blockchain.

It was the first crypto to break the 100 transactions per second barrier, pioneering a new tier of scalability suitable for planetary-scale adoption.

If you want to learn more about Pascalcoin technicalities you can visit Pacalcoin: crytocurrency without need of historical operations.

David Bolet, a senior software engineer, Java architect and blockchain developer, has recently launched Pacalcoin’s first wallet. It currently works on Android.  I could contact him to ask him a few questions:

David Bolet, the genius behind Pascalcoin’s first wallet

pascalcoin
David Bolet

The first Pascalcoin’s wallet has been recently launched  and I took the opportunity to ask some questions to its creator: David Bolet. It is now in its beta version, but already operational.

Why should I download the Pascalcoin Wallet?

David: Pascalcoin is a great crypto, very technically advanced, but it has some barriers for users: the first one is that the wallet is limited to the Windows environment, or, if you like,  Linux, but only past a certain level. In addition, you need to have an account in order to get Pascalcoins, and it’s not plain sailing. The wallet brings users closer and makes it way easier to use.

How do you see the future of cryptocurrencies?

David: It goes without saying that there are a lot of cryptos. If you ask me, I don’t think they all will survive. As far as miners and traders go, they can’t bite more than they can chew. As I see it, in the future, we are likely to use the stronger and most widespread ones,  cryptos with a big community which are based on a robust software such as Ethereum, Bitcoin, Bitcoin cash, Ripple… and those that offer some special features or an added value… We must definitely pay close attention to Pascalcoin, Iota, Neo…  As Stephen Covey put it: “strength lies in differences. Not in similarities”.

Are you currently engaged in any other blockchain projects?

David: Yes, apart from Pascalcoin, I am an active member of a Blockchain community in Barcelona, and I’m very keen on Ethereum, which offers some awesome features,  most significantly smart contracts, with unlimited uses, maybe beyond our imagination, that can literally change the world as we know it.  We meet on a regular basis and, apart from developers, you can find all kinds of people, from bloggers to professionals from the third sector.

Last but not least… Where can I download the wallet?

David: It is now in its beta version, but already operational. I’ve received feedback from people all over the world, and I would like to seize the opportunity to thank them all for their invaluable support.

Just click on the wallet icon to go to the APP 😉

Thank you very much!

It’s my pleasure.