Blockchains and other DLT's
[Creator Domain]
Blockchains and other DLT’s (Distributed Ledger Technologies) are simply tools (not tribalistic identities); where Members are encouraged to use the best tools available to create regenerative economic systems with.
Members use blockchain(s) and other DLT tools in order to:
- 1.
- 2.reduce coercion, fraud, and exploitation (and ability for hostile takeover),
- 3.increase network resiliency and uptime.
Key features to look for when deciding what DLT's would serve a regenerative economy.
- Energy consumption Only uses electricity required to process actions on the network (not for security).
- Wealth distribution Network revenue or additional tokens are distributed in a regenerative (socially, ecologically, etc) manner. Or, otherwise network value doesn't create positive feedback loops that concentrate wealth (e.g. the more current tokens I have, the more new future tokens I get).
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Wealth Distribution of Major Blockchains. Credit Vitalik Buterin
Telos is down at the bottom with Bitcoin as there was no insider distribution. The first TLOS tokens were airdropped (with a cap of $50k in tokens to remove EOS whales and create a more equal distribution) to those who supported EOS. The remaining tokens have been given out to those who produce blocks and using a "Telos Works" decentralised governance process to issue tokens to contributors.
- Voice distribution Voice in the governance of the network must be earned (through obtaining votes, contributions, etc) and not just purchased (oligarchy, governance by the wealthy).
Integrating with more "layer 1's" connects SEEDS to more tools, people, and projects.
- Telos - a transaction fee-free, near-instant, and highly scalable blockchain
- EVM (Telos & Ethereum) - the most widely used blockchain language and ecosystem of tools
- Tendermint (Cosmos) - "home of a million blockchains" where each community runs their own blockchain (responsible for the costs and security of doing so)
- Substrate (Polkadot) - Interblockchain communication with shared security
- Celo - a blockchain run on cellphones with low transaction fees
- Holochain - a new internet that focuses on people having full control of all their data
- 1.We scale trust by making protocols and outcomes transparent, so that everyone can see what is going on.
- 2.We reduce coercion by removing the positions of concentrated power that give rise to rewards for coercion in the first place. Ultimate power ultimately corrupts, if we remove those positions of power by removing the “middleman” and “pyramidical hierarchies” and other positions of great power, we reduce the negative effects of coercion and conspiracy.
- 3.Blockchains are notorious for high runtimes. Bitcoin has a 99.9% uptime. Using this reliable technology SEEDS can remain accessible to more people, more often without the ability to be easily shut down, sold, or otherwise centrally manipulated.
- 1.If your business depends on PayPal and they change prices, sell, go out of business, lose access to servers, sell your data, get hacked or more, then this can fundamentally harm your business. Running a business on SEEDS would be more reliable than centralised financial options.
- 4.Members are encouraged to evolve beyond the tribalistic, dogmatic and religious tendencies surrounding the use of DLT tools (such as Bitcoin) and to employ the best DLT’s for any given situation. For example Holochain is a type of DLT that’s not a blockchain that is ideally designed for some types of situations.