After all, wouldn’t it make sense if our economic systems behaved more like healthy ecosystems? Designed to equally support our human and more-than human worlds.
“The litany of doomsday projections move anyone who is still listening only to despair. Despair is paralysis, it robs us of agency; it blinds us to our own power and the power of the earth. Environmental despair is a poison every bit as destructive as the methylated mercury at the bottom of Onondaga lake…” -Robin Wall Kimmerer, Braiding Sweetgrass
The market says it’s far more profitable to pollute a river and sell bottled water back to the people, than it is to make our rivers drinkable again. It’s more profitable to indefinitely treat sick people, than it is to maintain healthy people.
“The world economy is a pyramid scheme”- Steven Chu Nobel Laureate, FT
Degenerative Growth, Climate, Inequality “Without growth (e.g. infinite growth on our finite planet), debt increases faster than income and wealth and the whole system crashes. Before that, you get polarization of wealth income and unemployment.” — Charles Eisenstein on debt-based money
Not only are our coordination tools inadequate for helping us solve our challenges, they’re the fuel that’s incentivizing and financing our crises to begin with.
“For the master’s tools will never dismantle the master’s house. They may allow us temporarily to beat him at his own game, but they will never enable us to bring about genuine change.” — Audre Lorde
In short, humanity’s most popular operating systems for scaling coordination are outdated, buggy, and full of malware.
“…Restoration is a powerful antidote to despair. Restoration offers concrete means by which humans can once again enter positive creative relationship with the more than human world. Meeting responsibilities that are simultaneously material and spiritual. It’s not enough to grieve, it’s not enough to just stop doing bad things.” -Robin Wall Kimmerer, Braiding Sweetgrass
As they say, history doesn’t repeat itself, it rhymes. This time around it’s the tools of Web3 that will be credited for catalyzing the modern renaissance.
“Following Thomas Khun’s work on scientific revolutions and Arnold Toynbee’s work on the rise and fall of civilizations, we can state that whenever an economic paradigm is unable to provide useful answers to a period’s biggest challenges, society will enter a transitional period in which, sooner or later, it replaces the existing logic and operating system with an update and better one.” — Otto Scharmer & Katrin Kaufer, Leading from the Emerging Future: From Ego-System to Eco-System Economies
The Bitcoin operating system has been such a powerful and successful coordination tool that it has orchestrated millions of humans across the globe to consume almost %0.1 of all energy that humanity creates each year!
In this way the Bitcoin’s defense budget, as a share of total spending is 100%, or otherwise said; it’s more bloated than the U.S. or any other financial system.
Could we use this technology to coordinate globally to create circular economies, local and regenerative food systems, pollution cleanup, reforestation and the other foundations necessary for a 22nd century civilization?
Bitcoin creates money for security and to pay the electric bills, creating a highly secure form of “digital gold".
Central banks create money to accelerate wealth inequality, make war, squander wealth, and subsidize ecocide.
New financial systems emerging in Web3 (like SEEDS) are creating money to finance and subsidize the creation of regenerative economies.
If we transition the “work of running miners and burning electricity” into the “work of regenerating civilization”, then this renewed perspective can unite our efforts across once warring communities and transcend the coordination challenges that have prevented us from meaningfully acting on our global crises.
Web3 has provided the financial primitives for humanity to create fundamentally new types of economic systems.
Web3, is ushering in a Cambrian explosion for new socioeconomic systems.
Yet, none of the experiments in Web3 matter all that much if humanity destabilises our biosphere in the process. It’s critical that we redirect the enormous coordination capacity of this technology towards healing our communities, our planet, and creating a more beautiful world.
Instead of waiting for governments to find the political will to adapt to our global crises. What if we just built this new economic system within Web3 in a voluntary, transparent, and open-sourced manner?
SEEDS creates open-source economic systems that are “regenerative by design opposed to degenerative by default”, to paraphrase Kate Raworth of Doughnut Economics.
What would our world look like if the most profitable decision was always the best decision for people, planet, and our shared prosperity?
As they say, Democracy and Capitalism are the worst forms of governance and economic systems… except for all the others…
Web3 gives us the ability to build, own, opt-into, and be the change we wish to see.
Hypha’s tools are built to empower, unite, and amplify the diversity of efforts all aimed at creating a just and thriving civilization by providing new economic and organizational system to coordinate within.
Instead of trying to change the prevailing systems. We make new ones.
Web3 and DAO’s are going to lead the “Great Equalizer” across our global economies.