Book - Securing Digital Rights for Communities | Chapter 21. Importance of Decentralised, Immutable

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Okay, 21, importance of decentralized immutable communities as network states.

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So first of all, to define here, Bellagis is famous for defining the network state.

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I can't tell you what the definition for network state is off the top of my head, but it's

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basically a distributed network of people that can't be shut down that exists as a community

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online.

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In our view, they have their own economies, they have their own governance voting systems,

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they have their own immutability, their own sovereignty within their own parallel economy

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that can't be KYC'd or shut down.

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And then it's all based around community and content and making decisions and how to grow

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as a decision-making community.

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And then some form of business model, some form of services provided that brings value

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into that community so that it can self-sustain.

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Or some value is captured so that it can self-sustain.

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And it's completely independent from the system, so it ends up growing as a state in its own

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right, online.

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And then the final definition of a true network state is where that state then goes and buys

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some land and registers itself as an independent, sovereign area and does some deals with the

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local government so that it can have access to that land and eventually acquire it as

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a truly owned entity by itself in its own community.

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That's what I see a truly sovereign network state as.

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And these are going to start to become things as blockchain technology spreads and as online

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communities spread.

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You know, there's definite formation.

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There's definitions of network states starting to come about.

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The problem is that I think a lot of people don't see is they haven't truly fully understood

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what decentralization is.

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And a lot of the foundations of these communities are compromised because of ICOs, premines,

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and a lot of the other things we talked about previously in this book.

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So it means they're not going to be truly network states unless they've followed a lot

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of the outlines in this book.

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And many of them haven't.

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And as far as we can tell, Balaji certainly isn't aware of the practical implementations

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of how to build these network states.

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He's just theorized that they're going to exist.

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We believe that this technology...

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And what's outlined in the book here actually defines what network states are, and it

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demonstrates not only that network states are possible and how to build them, but that

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they have already been built and they are already existing and the technology is running.

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And as long as they don't have a pre-mining ICO CEO, a foundation behind them, or a company

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behind them, or a venture capital that's bought into their pre-mining, a pre-seed round that's

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compromised in the chain, they are possible to exist.

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And so these network states are around.

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They're a real thing.

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And, yeah, we think this is a good point in the book to talk about this and that many

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network states will be built as communities off the top of this technology.

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So you'll have the base layer that we've talked about with the three pillars, and then you'll

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have individual communities on the textbook layer kind of growing up and following each

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other and becoming part of a community.

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And then those communities will be able to release their own tokens, have their own platforms,

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run all their infrastructure themselves, and distribute tokens and vote for themselves.

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So no one can shut them down.

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No one can tell them what to do.

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And they'll just exist online, and they'll create their own economies.

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And once they can print their own money and regulate their own economy, you have a truly

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independent, sovereign network state on a tech stack that is defined as we've defined

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above and therefore is highly efficient, fearless, has governance right built in, difficult enough,

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if not impossible, to shut down, and self-sustaining.

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So this is what's going to start happening in the future.

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And we see this technology in the future.

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And the content of this book is a critical part of making those things happen in the future.

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And you have the power of these communities.

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Basically, you'll have a way to communicate, organize, create value of what your community

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deems valuable, which basically value equals labor.

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If you can get people to do labor, then you can get things done.

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So if you have a community and they all want reputation with some net community, you now

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monetize.

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You monetize an asset that is sort of invisible.

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It's like making creation, printing value out of the air just because your community

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is sought after.

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So once you have a big enough distribution and a community that's large enough and an

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incentive base that is positive loop, you become very powerful because no one can stop

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your speech.

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You now have a way to self-sustain in a neutral way without relying on centralized organizations.

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And if you get big enough and you get liquid enough and you get distributed enough, you

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become a nation state.

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You become something where people have to listen to you because you have enough people.

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You have enough influence.

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You can start buying land.

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You can start lobbying for politicians.

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You can start, you know, you actually have real power.

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And unlike Web 2, where you'll see people get weird, if they don't say a certain thing,

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they kind of get silenced.

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This has no ceiling.

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You don't know how big these people really can get.

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You know, you see somebody with 10 million followers, that's a city, it's a large city.

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And if there's no cap, there's no way to stop them, their voice is always going to be heard

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and they have a monetary value that can't be seized or censored, that is based on them

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and their community.

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It's just like a government printing their own fiat and they protect it with military.

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Well, it's the same with the community, but they don't need a military to enforce it because

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it's voluntary.

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It's the other side of that.

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You have forced value creation in fiat, where they say pay or else, and then you have others

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where it's like, I want to be a part of this community, thus I need to get stake.

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And you're going to see a lot of that.

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And these people become infinitely powerful.

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You don't really know how big this gets.

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These could be the future consensus of the world.

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You know, you think of countries as they are and governments as they are, but fiat's kind

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of a, even the dollar, when you look at it, it's not set up right.

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If it was a coin, you'd call it a shit coin.

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So if these people actually have better money, they're going to get staked.

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They're going to get staked.

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They're going to have better economies that are more sustainable and people are like,

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wow, I'd rather put my savings in this instead of this.

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It becomes a downward spiral for fiat and what, how does fiat do?

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Yeah, they have the guns, but that's the last resort.

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And that only emboldens these other people because now it's like, oh, you're resorting

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to violence.

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So it's a very slippery slope right now for tyranny, but it's also a great opportunity

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for communities to rise up.

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And I trust a community of people who are there voluntarily over people who are forced

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to do a certain thing out of fear.

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Yeah.

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It's a freedom principle.

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It seems to be what made America great back in the day.

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So the decentralized token distribution for communities on layer two.

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So as I described earlier, you're going to have layer two tokens that are on layer two

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smart contracts that clear instantly to layer one security.

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Not these layer one smart contracts that need layer twos to scale with their own security,

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as everyone seems to be in this paradigm currently in the blockchain industry.

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You're going to have those layer two tokens.

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So you're going to have the most support in community front-ends that then allow those

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communities to distribute value amongst themselves based on valuable members of those communities.

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Who's the most valuable member?

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Who's doing the most for the community?

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Who's going to earn the most tokens?

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So it's kind of this inbuilt race to like do the most for the community possible to

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earn the most tokens and then the most, therefore the most governance rights.

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As long as the distribution of those tokens is done fairly without pre-mines or ICOs or

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venture capital buying the first rounds or 10% go into some founder, you need to get

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rid of that because that makes you weak.

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Yeah.

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It'll make one guy really, really rich, but it makes you weak overall because that one

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guy that got the 10% pre-mine or the 20% pre-mine, he's now fallible and people can go after

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him, right?

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Whereas if you actually have a fair launch and a fair distribution over time, then you

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can have a truly sovereign community that's got its own economy and maybe someone has

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two, 3% of the supply maximum, but they've earned it, they've earned it from the community.

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Any other thoughts about layer two distribution of tokens?

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I mean, you just have to think it's a game theory, how do you get it in the most hands

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possible?

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Yeah.

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Well, one way is the point system, right?

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So if you log in, you get a point, if you make a comment, you get a point, if you make

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some content, you get a point and those points are totaled over that week and then some of

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the inflation is distributed to those people who've got the most points.

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Yeah.

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I mean, one parameter to set is you come, you prove your work, you prove your effort,

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you prove you want to be there and once a critical amount hits, then you have a economy,

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you have a community.

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You have a community that's come to life.

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Basically, it's like cracking the egg and coming to life.

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Until you reach a critical mass, you're still inside the egg, you can't do much.

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But distribution is all that really matters if you're talking about security and power.

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There's not, Web3 is the inverse of Web2, Web2 power is centralized, Web3, the power

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comes from distribution because it's offense versus defense.

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You have centralization power, which is an offense attack.

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They can go and destroy whatever they want and then you have Web3 power, which is a shield.

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It protects all those who are within it.

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It's not looking to attack, it's looking to keep integrity.

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So that's what we're aiming for and if you have a community that's distributed and they

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have an incentive mechanism that comes from within a neutral protocol, a neutral design

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and they don't have any single points of failure, you got something there.

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That's a recipe for something very powerful, whatever that may be.

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And the infinite outcomes can come from that, but at least it's a fair opportunity for people

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to rise up, for communities to rise up.

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And actually it brings jobs in a way, it brings opportunity to people who don't have things.

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It's like you can join something because at the end of the day, nothing, we all perceive

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what is valuable and obviously the internet's valuable, but the amount of focus we put on

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these sites, Twitter, Reddit, all these things, that's money, that's effort, that's our time,

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energy.

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Yeah, energy.

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And within a community, that's what it becomes, it becomes very, very important.

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That's a good point, you know, we focus so much energy on Twitter and Facebook and what's

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really happening there is it's a centralized company behind the scenes that owns the database

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and they use the data on that database to harvest your information and energy and sell

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it to other people.

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In this day and age with the technology that we have, it's like the Matrix, it's exactly

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like the Matrix, it's a little, yeah, it's like a block, that block wall of incubators

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and all the user accounts attached to it and it's sucking all the energy out.

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Yeah.

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It's exactly what Web 2.0 technology is.

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Now, I don't blame the Web 2.0 people that built it because they didn't know any different

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at the time, but now that we have technology where you can decentralize the infrastructure

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and decentralize the ownership of these tokens and these ecosystems, you can now return all

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that energy back to the user base.

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So you don't need a centralized middleman sucking energy out of the system, you just,

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the infrastructure is run by the community, the accounts are run by the community, there's

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no middleman there, so that value can stay within the community instead of being sucked

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out by some Web 2.0 middleman.

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And that makes the, again, we'll go...

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Yeah.

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Imagine a machine that's more efficient than Facebook at pulling value out of the information

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that it owns itself and then distributing that money back to its users as an inherent

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incentive for those people to continue to grow the value of their data.

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Like, it's insane.

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It's insane to think how valuable and efficient these communities are gonna be and how much...

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We will see how much value has been sucked out of the content online, how inefficient

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it is, you know?

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Yeah.

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You earn five grand a month because you're a big creator.

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On these systems, when these economies blow up, you're gonna earn millions a month.

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Because your value, your data is worth way more than you even can comprehend, and you

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own it on these systems, or at least it's...

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You allow it to be public so that everyone can own it, you know?

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Not one person can benefit off of it, but the whole community benefits off of it.

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Yeah.

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Power of truly sovereign communities, I think you touched on that earlier, we can move on.

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Sustainable token value and staking incentives.

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This is just where, you know, if you wanna have a bigger say in the community or if you

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wanna talk to more important people in the community, you have to stake some of the token.

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That creates an inherent market for the token.

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So on these layer two token communities, which will become sovereign network states, the

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more tokens that you stake in, the more benefits you're gonna get from the community, and the

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community will ordain what that looks like exactly.

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It will be up to the community to choose.

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But yeah.

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And then also, you know, we have on Hive, we have a staking for resources.

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So if you want more resources to have more ability to interact on the chain and post

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transactions to the chain, you need to stake more.

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So there's an inherent demand for the token as the network effect takes hold.

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So it's the same thing with these layer two communities.

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The other one that you say is, you know, like the friend tech technology where it's like

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if you buy the NFT from the community or if you're holding it for the token, you can stake

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it and then you can DM certain members of the community that you couldn't before.

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So it's like access, status, influence.

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The more of that that you want, the more you're gonna wanna hold the token.

229
00:12:49,360 --> 00:12:51,820
And of course, utility on the chain.

230
00:12:51,820 --> 00:12:52,820
Yeah.

231
00:12:52,820 --> 00:12:53,820
Yeah.

232
00:12:53,820 --> 00:12:54,820
Yeah.

233
00:12:54,820 --> 00:12:59,380
I mean, the token has to have value based on a bunch of merits.

234
00:12:59,380 --> 00:13:03,960
You have base layer for bandwidth, you have layer two for access and reputation status

235
00:13:03,960 --> 00:13:09,400
and, you know, sometimes also bandwidth and then staking incentives.

236
00:13:09,400 --> 00:13:12,520
Really that's more important for security on the base layer.

237
00:13:12,520 --> 00:13:17,680
You want to have an equilibrium between getting people to stake and giving them rewards without

238
00:13:17,680 --> 00:13:20,340
it being disproportionate.

239
00:13:20,340 --> 00:13:22,820
You wanna encourage people to stake to get into governance.

240
00:13:22,820 --> 00:13:23,820
Yeah.

241
00:13:23,820 --> 00:13:24,820
So that requires incentives.

242
00:13:24,820 --> 00:13:25,820
Yeah.

243
00:13:25,820 --> 00:13:26,820
Liquidity pools for each community?

244
00:13:26,820 --> 00:13:27,820
I mean, that's sort of like the SIP.

245
00:13:27,820 --> 00:13:28,820
It's like the SIP for each community, right?

246
00:13:28,820 --> 00:13:29,820
Each community is gonna wanna have its own liquidity pool.

247
00:13:29,820 --> 00:13:30,820
Yeah.

248
00:13:30,820 --> 00:13:31,820
And I mean, I don't believe in centralized exchanges.

249
00:13:31,820 --> 00:13:32,820
I think everyone should have their own liquidity pool as a community and then have the fees

250
00:13:32,820 --> 00:13:33,820
go into, you know, for the community instead of these rich exchange owners.

251
00:13:33,820 --> 00:13:34,820
Yeah.

252
00:13:34,820 --> 00:13:35,820
Well, that's a great point, actually.

253
00:13:35,820 --> 00:13:36,820
You know, I think that's a great point.

254
00:13:36,820 --> 00:13:37,820
Yeah.

255
00:13:37,820 --> 00:13:38,820
Yeah.

256
00:13:38,820 --> 00:13:39,820
Yeah.

257
00:13:39,820 --> 00:13:40,820
Yeah.

258
00:13:40,820 --> 00:13:41,820
Yeah.

259
00:13:41,820 --> 00:13:42,820
Yeah.

260
00:13:42,820 --> 00:13:43,820
Yeah.

261
00:13:43,820 --> 00:13:44,820
Yeah.

262
00:13:44,820 --> 00:13:45,820
Yeah.

263
00:13:45,820 --> 00:13:46,820
Yeah.

264
00:13:46,820 --> 00:13:47,820
Yeah.

265
00:13:47,820 --> 00:13:48,820
Yeah.

266
00:13:48,820 --> 00:13:49,820
Yeah.

267
00:13:49,820 --> 00:13:50,820
Yeah.

268
00:13:50,820 --> 00:13:51,820
Yeah.

269
00:13:51,820 --> 00:13:52,820
Yeah.

270
00:13:52,820 --> 00:13:53,820
Yeah.

271
00:13:53,820 --> 00:13:54,820
Yeah.

272
00:13:54,820 --> 00:13:55,820
Yeah.

273
00:13:55,820 --> 00:13:56,820
Yeah.

274
00:13:56,820 --> 00:13:57,820
Yeah.

275
00:13:57,820 --> 00:13:58,820
Yeah.

276
00:13:58,820 --> 00:13:59,820
Yeah.

277
00:13:59,820 --> 00:14:00,820
Yeah.

278
00:14:00,820 --> 00:14:01,820
Yeah.

279
00:14:01,820 --> 00:14:02,820
Yeah.

280
00:14:02,820 --> 00:14:03,820
Yeah.

281
00:14:03,820 --> 00:14:04,820
Yeah.

282
00:14:04,820 --> 00:14:05,820
Yeah.

283
00:14:05,820 --> 00:14:06,820
Yeah.

284
00:14:06,820 --> 00:14:07,820
Yeah.

285
00:14:07,820 --> 00:14:08,820
Yeah.

286
00:14:08,820 --> 00:14:09,820
Yeah.

287
00:14:09,820 --> 00:14:10,820
Yeah.

288
00:14:10,820 --> 00:14:11,820
Yeah.

289
00:14:11,820 --> 00:14:12,820
Yeah.

290
00:14:12,820 --> 00:14:13,820
Yeah.

291
00:14:13,820 --> 00:14:14,820
Yeah.

292
00:14:14,820 --> 00:14:15,820
Yeah.

293
00:14:15,820 --> 00:14:16,820
Yeah.

294
00:14:16,820 --> 00:14:17,820
Yeah.

295
00:14:17,820 --> 00:14:18,820
Yeah.

296
00:14:18,820 --> 00:14:19,820
Yeah.

297
00:14:19,820 --> 00:14:20,820
Yeah.

298
00:14:20,820 --> 00:14:21,820
Yeah.

299
00:14:21,820 --> 00:14:22,820
Yeah.

300
00:14:22,820 --> 00:14:25,040
they now have a lot of custodial funds on their exchange,

301
00:14:25,100 --> 00:14:27,060
and they can use those funds to direct the governance

302
00:14:27,060 --> 00:14:29,840
of the chains that have put the liquidity there.

303
00:14:30,700 --> 00:14:32,000
And then also they can draw up liquidity,

304
00:14:32,140 --> 00:14:33,180
they can manipulate prices easier.

305
00:14:33,340 --> 00:14:34,820
There's all sorts of reasons not to do it.

306
00:14:35,040 --> 00:14:38,020
But the main one is that they're extracting value by fees.

307
00:14:38,280 --> 00:14:40,080
And those fees are legit, don't get me wrong.

308
00:14:40,140 --> 00:14:42,060
The fees should be paid for exchanges.

309
00:14:42,720 --> 00:14:45,140
But because of the technology that we have today,

310
00:14:45,240 --> 00:14:46,580
if we build TrueWeb 3,

311
00:14:47,020 --> 00:14:49,740
the exchange mechanisms can sit as liquidity pools

312
00:14:49,740 --> 00:14:52,440
under each community or under each sovereign community

313
00:14:52,440 --> 00:14:53,980
or under each network state.

314
00:14:54,780 --> 00:14:56,580
So each network state will have its own liquidity pool,

315
00:14:56,880 --> 00:14:59,040
and the fees generated from the trades on that liquidity pool

316
00:14:59,040 --> 00:15:00,760
will go back to the network state community,

317
00:15:01,220 --> 00:15:03,320
not to the centralised coffers of the exchanges.

318
00:15:03,880 --> 00:15:05,440
So there is a massive value extraction going on

319
00:15:05,440 --> 00:15:08,320
currently in the crypto industry in this day and age of 2024,

320
00:15:08,700 --> 00:15:13,680
whereas in the future it will be liquid liquidity pools,

321
00:15:13,800 --> 00:15:14,800
highly liquid liquidity pools,

322
00:15:15,060 --> 00:15:17,260
sitting underneath each sovereign community,

323
00:15:17,820 --> 00:15:20,700
and the community will benefit from the fees of the trades of those.

324
00:15:21,860 --> 00:15:22,420
The other thing is,

325
00:15:22,420 --> 00:15:23,020
the other one is as well,

326
00:15:23,120 --> 00:15:26,680
you think about you want to move your money to a DAO

327
00:15:26,680 --> 00:15:30,680
or to a DEX or to a liquidity pool under a community,

328
00:15:30,760 --> 00:15:31,860
you've got to pay a 5% fee,

329
00:15:31,920 --> 00:15:33,720
and that fee goes back to the community infrastructure operators.

330
00:15:34,100 --> 00:15:36,480
So now the people that stick in the community longer,

331
00:15:37,020 --> 00:15:38,740
the people that have got the longest staying power,

332
00:15:38,880 --> 00:15:40,980
they get the rewards from the people that are exiting

333
00:15:40,980 --> 00:15:42,240
because they're trading out.

334
00:15:43,160 --> 00:15:44,580
That can be set up as well with these communities,

335
00:15:44,620 --> 00:15:45,540
and I think likely will.

336
00:15:47,360 --> 00:15:47,760
Yeah.

337
00:15:48,240 --> 00:15:50,860
I mean, exchanges are biggest attack vectors.

338
00:15:50,860 --> 00:15:52,260
So when you're giving,

339
00:15:52,420 --> 00:15:52,920
you're giving them money,

340
00:15:52,920 --> 00:15:55,340
you're just strengthening a potential attack vector.

341
00:15:56,760 --> 00:16:00,660
They hold a lot of coin that can be regulated often centralized.

342
00:16:01,380 --> 00:16:04,020
So it makes no sense to utilize them.

343
00:16:04,020 --> 00:16:04,780
They're ancient,

344
00:16:04,780 --> 00:16:06,040
archaic technology.

345
00:16:06,280 --> 00:16:10,840
There should be community DAOs or community DEXs that are run with community

346
00:16:11,180 --> 00:16:12,800
incentivized liquidity pools.

347
00:16:12,800 --> 00:16:14,880
That's absolutely how it should be.

348
00:16:15,260 --> 00:16:17,220
And you shouldn't have multiple places.

349
00:16:17,220 --> 00:16:21,840
There should be a universal access DEX to anyone in the world with no barriers,

350
00:16:21,840 --> 00:16:25,600
can go to with no KYC and you just do business.

351
00:16:26,020 --> 00:16:27,300
The more exchanges you have,

352
00:16:27,300 --> 00:16:29,360
the more fractions of liquidity you have.

353
00:16:29,400 --> 00:16:29,940
You want the,

354
00:16:29,940 --> 00:16:30,180
the,

355
00:16:30,180 --> 00:16:36,480
the thickest order books to be able to get the best deal and do the best liquidity.

356
00:16:36,660 --> 00:16:40,260
You want one decentralized liquidity pool where all the liquidity is.

357
00:16:40,560 --> 00:16:42,360
And DEXs tend to,

358
00:16:42,360 --> 00:16:46,500
once you have one that reaches a critical point,

359
00:16:46,500 --> 00:16:48,020
people tend not to use another.

360
00:16:48,260 --> 00:16:51,680
The only reason you have multiple exchanges is because they're centralized and they're

361
00:16:51,680 --> 00:16:53,000
jurisdiction based.

362
00:16:53,360 --> 00:16:55,880
But you saw when it comes to exchanges,

363
00:16:55,880 --> 00:16:57,700
how Uniswap dominates.

364
00:16:57,700 --> 00:16:58,000
Yeah,

365
00:16:58,000 --> 00:16:59,780
you might have a sushi swap at the end,

366
00:16:59,780 --> 00:17:01,480
but you see how these,

367
00:17:01,560 --> 00:17:01,880
you know,

368
00:17:01,880 --> 00:17:05,560
these chain specific DEXs like pancake swap,

369
00:17:05,560 --> 00:17:08,360
what's the next best one on that chain.

370
00:17:08,360 --> 00:17:08,980
And then you have,

371
00:17:08,980 --> 00:17:09,780
um,

372
00:17:09,780 --> 00:17:10,280
I mean,

373
00:17:10,280 --> 00:17:14,880
these DEXs tend to rise to the top because people want to get the best liquidity.

374
00:17:14,880 --> 00:17:15,980
They want to get the best deal.

375
00:17:15,980 --> 00:17:16,280
It makes,

376
00:17:16,280 --> 00:17:17,720
unless there's an arbitrage opportunity,

377
00:17:17,720 --> 00:17:21,560
it makes no sense to go to somewhere where you're going to get a worse deal.

378
00:17:21,560 --> 00:17:21,620
Yeah.

379
00:17:21,620 --> 00:17:21,660
Yeah.

380
00:17:21,680 --> 00:17:24,500
When you have access to both.

381
00:17:25,320 --> 00:17:25,940
Yeah,

382
00:17:25,940 --> 00:17:26,540
absolutely.

383
00:17:27,140 --> 00:17:27,980
Um,

384
00:17:29,680 --> 00:17:32,240
community self regulation of content and rewards distribution.

385
00:17:32,240 --> 00:17:34,460
So because these communities are social by nature,

386
00:17:34,460 --> 00:17:35,540
they're going to want to be able to communicate.

387
00:17:35,540 --> 00:17:38,480
So they need to have a way to post content to communicate,

388
00:17:38,480 --> 00:17:39,760
communicate with each other on chain.

389
00:17:39,800 --> 00:17:43,040
The base of that content should normally be demonstrating what good they're doing

390
00:17:43,040 --> 00:17:45,520
for the community or should be a mechanism for a business model.

391
00:17:46,100 --> 00:17:46,640
Um,

392
00:17:46,640 --> 00:17:47,780
so that the community can bring,

393
00:17:48,080 --> 00:17:49,280
bring money into itself.

394
00:17:49,880 --> 00:17:50,500
Um,

395
00:17:50,500 --> 00:17:51,620
and the problem with that,

396
00:17:51,620 --> 00:17:53,440
is that if they're open free communities,

397
00:17:53,440 --> 00:17:56,180
then you're going to get people posting really shitty content as well that you don't,

398
00:17:56,180 --> 00:17:57,140
the community doesn't want.

399
00:17:57,500 --> 00:17:59,740
So community needs a way to regulate self,

400
00:17:59,740 --> 00:18:02,900
regulate itself and distribute rewards to people who post what the community

401
00:18:02,900 --> 00:18:06,080
community perceives as good content and remove rewards from people,

402
00:18:06,120 --> 00:18:08,780
community that the from content,

403
00:18:08,780 --> 00:18:10,460
the community perceives as bad content.

404
00:18:11,060 --> 00:18:11,900
Um,

405
00:18:11,900 --> 00:18:12,200
well,

406
00:18:12,200 --> 00:18:16,120
I should say nonethical content,

407
00:18:16,120 --> 00:18:18,640
let's say whatever the community deems as its ethics by the way.

408
00:18:19,760 --> 00:18:20,780
Um,

409
00:18:20,780 --> 00:18:21,260
and of course,

410
00:18:21,260 --> 00:18:23,000
all different communities will have a different set of ethics.

411
00:18:23,000 --> 00:18:26,000
So if there's one community that's way more freedom based than one community,

412
00:18:26,000 --> 00:18:27,920
that's a bit more regulated based,

413
00:18:27,920 --> 00:18:31,100
you'll get those types of people accumulating in those different communities.

414
00:18:31,760 --> 00:18:32,440
Um,

415
00:18:32,440 --> 00:18:38,140
and so they'll be able to propagate their own regulation of content and speech.

416
00:18:39,020 --> 00:18:39,200
Um,

417
00:18:39,200 --> 00:18:42,380
some chains will be more pro free speech and change will be more anti free

418
00:18:42,380 --> 00:18:46,400
speech and or should I say some network states will be more anti free speech and

419
00:18:46,400 --> 00:18:49,340
some network states will be more pro free speech and you got to find the one that

420
00:18:49,340 --> 00:18:51,260
fits you made the best one made the best one.

421
00:18:51,260 --> 00:18:51,760
Succeed,

422
00:18:51,860 --> 00:18:52,160
you know,

423
00:18:52,760 --> 00:18:53,240
um,

424
00:18:54,700 --> 00:18:56,660
different ways that you can regulate the content.

425
00:18:56,960 --> 00:18:57,380
Um,

426
00:18:57,380 --> 00:19:01,820
you could have this kind of barrier that the community set sets it votes for for a threshold.

427
00:19:01,820 --> 00:19:06,960
And if there's a certain number of down votes on a piece of content that exceed that threshold,

428
00:19:06,960 --> 00:19:11,180
the piece of content gets removed or delisted from the chain from the ecosystem.

429
00:19:11,760 --> 00:19:12,260
Um,

430
00:19:12,760 --> 00:19:14,600
you can fork away from bad content.

431
00:19:14,600 --> 00:19:18,020
You can fall people out that have got both content and give them zero tokens on the new fork.

432
00:19:18,600 --> 00:19:21,240
You can use a standard down vote where you remove their reward.

433
00:19:21,260 --> 00:19:23,960
And they drop off the trending list as a result.

434
00:19:24,760 --> 00:19:25,360
Um,

435
00:19:25,360 --> 00:19:26,960
there's loads of ways that you can regulate content.

436
00:19:26,960 --> 00:19:32,460
The other one is with the off chain systems we mentioned before on the SPK Network for storing content off chain,

437
00:19:32,660 --> 00:19:37,260
all content has to go through elected community validators before it's presented to the network for download.

438
00:19:37,560 --> 00:19:41,060
So if those validators are like some of them are pro free speech and some of them are anti free speech,

439
00:19:42,260 --> 00:19:45,360
whatever is elected by the community will prevail and therefore,

440
00:19:45,360 --> 00:19:46,160
um,

441
00:19:47,560 --> 00:19:49,260
as the content passes through those validators,

442
00:19:49,260 --> 00:19:51,260
they'll be able to decide whether or not that content gets,

443
00:19:51,360 --> 00:19:51,760
out,

444
00:19:51,760 --> 00:19:57,460
gets on the other side of them so that it can present in the network and actually be downloaded so that the content validators can act as,

445
00:19:57,760 --> 00:19:58,260
um,

446
00:19:58,560 --> 00:19:59,560
content gateways,

447
00:19:59,560 --> 00:20:00,160
let's say,

448
00:20:00,160 --> 00:20:01,260
or regulation gateways.

449
00:20:01,260 --> 00:20:02,260
And if they're elected by the community,

450
00:20:02,260 --> 00:20:02,560
that's,

451
00:20:02,560 --> 00:20:03,260
that's fair enough.

452
00:20:03,960 --> 00:20:04,960
They'll let certain content through.

453
00:20:04,960 --> 00:20:06,360
They won't let other type of content for you.

454
00:20:07,060 --> 00:20:07,460
Um,

455
00:20:08,360 --> 00:20:08,760
and there's,

456
00:20:08,760 --> 00:20:10,760
there's so many of the ways that you can regulate these communities.

457
00:20:10,760 --> 00:20:10,960
It's,

458
00:20:10,960 --> 00:20:11,760
it's actually a whole,

459
00:20:11,760 --> 00:20:12,960
probably a whole book on its own.

460
00:20:12,960 --> 00:20:14,760
I think it's a massive subject.

461
00:20:15,760 --> 00:20:16,560
What else do you think?

462
00:20:17,560 --> 00:20:17,860
Yeah.

463
00:20:17,860 --> 00:20:19,160
And content regulation.

464
00:20:19,360 --> 00:20:19,860
Yeah.

465
00:20:19,960 --> 00:20:20,660
Free down votes.

466
00:20:20,660 --> 00:20:21,160
I guess you,

467
00:20:21,260 --> 00:20:22,460
you're a big proponent of that one.

468
00:20:23,560 --> 00:20:23,860
I mean,

469
00:20:23,860 --> 00:20:24,360
that just,

470
00:20:24,360 --> 00:20:26,060
that's also ties into the distribute,

471
00:20:26,060 --> 00:20:27,760
the distribution parameters.

472
00:20:28,160 --> 00:20:28,660
Um,

473
00:20:29,160 --> 00:20:30,360
but yeah,

474
00:20:30,360 --> 00:20:32,760
you can't charge somebody to regulate.

475
00:20:32,760 --> 00:20:33,260
It has to,

476
00:20:33,260 --> 00:20:35,060
everyone has to be incentivized the moment,

477
00:20:35,060 --> 00:20:40,660
or it has to be free and a public good meeting.

478
00:20:40,660 --> 00:20:42,260
There's a net positive for you to do it,

479
00:20:42,260 --> 00:20:45,460
but the moment this friction or cost anything,

480
00:20:47,160 --> 00:20:47,860
in practice,

481
00:20:47,860 --> 00:20:48,360
it won't work.

482
00:20:48,360 --> 00:20:50,560
People won't regulate it in communities.

483
00:20:50,560 --> 00:20:51,160
It's going to be much,

484
00:20:51,160 --> 00:20:54,560
much more regulated because they have reputations to withhold on front ends.

485
00:20:54,560 --> 00:20:56,460
They'll be doing a lot of the regulation.

486
00:20:56,460 --> 00:20:58,260
So it's just going to be community based.

487
00:20:58,260 --> 00:21:00,060
Everything needs consensus.

488
00:21:00,060 --> 00:21:02,460
One person can't regulate everything.

489
00:21:02,460 --> 00:21:03,160
So,

490
00:21:03,160 --> 00:21:03,460
you know,

491
00:21:03,460 --> 00:21:07,360
typically if you have a large group of people deemed something bad,

492
00:21:07,360 --> 00:21:08,160
you know,

493
00:21:08,160 --> 00:21:08,560
to them,

494
00:21:08,560 --> 00:21:09,860
at least that's,

495
00:21:09,860 --> 00:21:11,160
that's how it goes.

496
00:21:11,160 --> 00:21:12,260
And if it isn't really bad,

497
00:21:12,260 --> 00:21:16,560
there can always be a community that can spin off and support what they,

498
00:21:16,560 --> 00:21:18,360
what they believe in.

499
00:21:18,360 --> 00:21:19,260
That's what it's all about.

500
00:21:19,260 --> 00:21:20,460
There is no,

501
00:21:20,460 --> 00:21:20,660
you know,

502
00:21:20,660 --> 00:21:25,060
this whole idea of censorship resistance for everything.

503
00:21:25,060 --> 00:21:25,760
It's like you,

504
00:21:25,760 --> 00:21:26,260
you,

505
00:21:26,260 --> 00:21:28,860
you give the power to the community instead of a corporation.

506
00:21:28,860 --> 00:21:30,060
That's basically what it is.

507
00:21:30,060 --> 00:21:32,760
And communities can do what they want with it.

508
00:21:32,760 --> 00:21:37,260
And we try to set parameters where it's as fair as possible and give people the

509
00:21:37,260 --> 00:21:41,760
opportunity to build these communities without centralizing their token distribution

510
00:21:41,760 --> 00:21:43,160
or getting in trouble from,

511
00:21:43,160 --> 00:21:43,460
you know,

512
00:21:43,460 --> 00:21:44,460
government forces,

513
00:21:44,460 --> 00:21:45,160
SEC,

514
00:21:45,160 --> 00:21:46,760
all that type of things.

515
00:21:46,760 --> 00:21:47,860
The interesting thing here is you're going to,

516
00:21:47,860 --> 00:21:50,160
you're going to get some communities that completely aligned with each other and

517
00:21:50,160 --> 00:21:51,160
completely agree.

518
00:21:51,160 --> 00:21:53,560
They all agree and they go in this one direction.

519
00:21:53,560 --> 00:21:54,160
Those communities,

520
00:21:54,160 --> 00:21:56,760
you'll find that there's more censorship in my opinion,

521
00:21:56,760 --> 00:21:59,760
because they're going to agree on what's to be censored or not.

522
00:21:59,760 --> 00:22:01,660
Whereas there's other chains that are going to be more communistic.

523
00:22:01,660 --> 00:22:02,660
They're going to be very sensitive.

524
00:22:02,660 --> 00:22:05,760
Have you going to have free market chains that are like a little bit more liberal,

525
00:22:05,760 --> 00:22:11,760
but it's the anarchistic chains where the groups actually purposefully created with a

526
00:22:11,760 --> 00:22:17,060
bunch of validators and a bunch of key members who fundamentally disagree all the time,

527
00:22:17,060 --> 00:22:17,660
right?

528
00:22:17,660 --> 00:22:19,160
We see this in practice on Hive.

529
00:22:19,160 --> 00:22:20,160
A lot of people fundamentally,

530
00:22:20,160 --> 00:22:21,560
disagree with each other.

531
00:22:21,560 --> 00:22:22,360
It's not very interesting,

532
00:22:22,360 --> 00:22:25,560
strong characters in the consensus.

533
00:22:25,560 --> 00:22:28,860
And so the chance of them ever collaborating for more than five minutes is very,

534
00:22:28,860 --> 00:22:29,060
very,

535
00:22:29,060 --> 00:22:29,960
very low.

536
00:22:29,960 --> 00:22:30,060
Well,

537
00:22:30,060 --> 00:22:34,160
what that does is it increases the opportunity for free speech and freedom of expression,

538
00:22:34,160 --> 00:22:38,460
because none of them will agree on the same thing to censor.

539
00:22:38,460 --> 00:22:40,560
So you get apart from a certain point.

540
00:22:40,560 --> 00:22:43,060
There is a certain point where everyone agrees that this is shit content.

541
00:22:43,060 --> 00:22:46,560
It's got to be removed or it's got to be limited.

542
00:22:46,560 --> 00:22:49,060
But it's the point is that the more anarchistic the chain is,

543
00:22:49,060 --> 00:22:49,860
the more disagreeable,

544
00:22:49,860 --> 00:22:51,460
the people running the chain are,

545
00:22:51,460 --> 00:22:55,060
the more opportunity there is for freedom of expression situation,

546
00:22:55,060 --> 00:22:56,560
which is very interesting.

547
00:22:56,560 --> 00:22:56,760
See,

548
00:22:56,760 --> 00:22:59,760
people will probably be choosing and looking for those types of chains as well.

549
00:22:59,760 --> 00:23:00,960
You know that they'll also succeed.

550
00:23:00,960 --> 00:23:02,960
Don't don't think you all need to have an aligned vision.

551
00:23:02,960 --> 00:23:10,560
It may be just that we've got a chaos vision and that chaos provides a certain amount of freedom to the to the users.

552
00:23:10,560 --> 00:23:13,360
And so,

553
00:23:13,360 --> 00:23:13,660
yeah,

554
00:23:13,660 --> 00:23:18,960
you'll get all sorts of different methods for which you can maximize or minimize free speech depending on what you want to do.

555
00:23:18,960 --> 00:23:19,560
But the point is,

556
00:23:19,560 --> 00:23:23,360
the more chaotic and anarchistic the base layer chain,

557
00:23:23,360 --> 00:23:29,260
the more it probably guarantees digital human rights of freedom of expression to the community members.

558
00:23:29,260 --> 00:23:29,860
Right?

559
00:23:29,860 --> 00:23:33,960
I think that's fairly obvious at this point.

560
00:23:33,960 --> 00:23:34,660
This is again,

561
00:23:34,660 --> 00:23:36,960
probably quite counterintuitive because you all want to be right.

562
00:23:36,960 --> 00:23:38,860
It's natural for humans to want to be with their own people.

563
00:23:38,860 --> 00:23:40,660
But when it comes to guaranteeing your rights,

564
00:23:40,660 --> 00:23:43,660
what you really need is a bunch of people to disagree with each other.

565
00:23:43,660 --> 00:23:45,160
Because then they're not going to agree on anything.

566
00:23:45,160 --> 00:23:45,760
As a result,

567
00:23:45,760 --> 00:23:49,460
you're going to get certain guaranteed rights that they until they all find some,

568
00:23:49,460 --> 00:23:51,560
and completely heinous that they all hate.

569
00:23:51,560 --> 00:23:54,560
And they'll all come together at a certain rare occasion,

570
00:23:54,560 --> 00:23:56,160
which is what you kind of want.

571
00:23:56,160 --> 00:24:04,060
You want people coming together for like a black swan events or a horrendous moment that's happened.

572
00:24:04,060 --> 00:24:05,060
They all come together in line.

573
00:24:05,060 --> 00:24:05,260
And so,

574
00:24:05,260 --> 00:24:05,560
you know,

575
00:24:05,560 --> 00:24:09,260
we all agree for once in a blue moon that this is horrible.

576
00:24:09,260 --> 00:24:10,760
We're going to remove it.

577
00:24:10,760 --> 00:24:11,260
Right?

578
00:24:11,260 --> 00:24:11,860
And then apart from that,

579
00:24:11,860 --> 00:24:13,260
they'll argue for the rest of the time.

580
00:24:13,260 --> 00:24:18,660
And then you have pretty much guaranteed digital human rights on your on your community.

581
00:24:18,660 --> 00:24:18,860
Yeah,

582
00:24:18,860 --> 00:24:20,060
this goes with distribution.

583
00:24:20,060 --> 00:24:23,860
Distribution means different personalities and different beliefs and perspectives.

584
00:24:23,860 --> 00:24:25,660
Yeah,

585
00:24:25,660 --> 00:24:31,360
we kind of touch on content gateways just where the validators will decide what content gets through and gets made available to the community.

586
00:24:31,360 --> 00:24:34,360
And as long as those validators are elected by the community members,

587
00:24:34,360 --> 00:24:37,260
it's representative of what the community wants.

588
00:24:37,260 --> 00:24:38,560
State weighted tag forcing.

589
00:24:38,560 --> 00:24:44,660
This is again where you could have a threshold limit voted on by the community based on stake.

590
00:24:44,660 --> 00:24:48,560
And then if a piece of content gets a vote above that stake,

591
00:24:48,560 --> 00:24:50,660
it can get as a tag can get forced,

592
00:24:50,660 --> 00:24:56,760
like NSFW or porn or gruesome content,

593
00:24:56,760 --> 00:24:57,560
whatever you want to call it,

594
00:24:57,560 --> 00:24:58,360
gore.

595
00:24:58,360 --> 00:25:00,060
Those types of tags can be forced onto content,

596
00:25:00,060 --> 00:25:01,560
whether the original publisher likes it or not,

597
00:25:01,560 --> 00:25:04,360
because the community deemed that it should be forced onto that content.

598
00:25:04,360 --> 00:25:13,860
And then you and then front ends can sense that content based on the tag or make certain tags trend less or people can design their own trending algorithms where they make certain tags trend less.

599
00:25:13,860 --> 00:25:14,160
Yeah.

600
00:25:15,560 --> 00:25:16,760
Your content validators.

601
00:25:16,760 --> 00:25:18,460
It's the same thing as content gateways in a way.

602
00:25:18,560 --> 00:25:24,460
Just these are the people who are putting the actual content.

603
00:25:24,460 --> 00:25:25,860
Either off chain or on chain,

604
00:25:25,860 --> 00:25:27,660
depending if it's text or video.

605
00:25:27,660 --> 00:25:35,460
One of the difference between content relays and contact content gateways for me is that the gateway is something that is open source and you can run it on your front end yourself.

606
00:25:35,460 --> 00:25:36,560
So it's like I want a gateway.

607
00:25:36,560 --> 00:25:39,360
That's really pro.

608
00:25:39,360 --> 00:25:42,060
Yeah, really, really good for children to consume.

609
00:25:42,060 --> 00:25:43,260
Yeah, it's safe.

610
00:25:43,260 --> 00:25:48,360
So I'm going to select this open source content gateway to place upon my machine so that the people,

611
00:25:48,360 --> 00:25:51,360
watching my screen can only see content that's child friendly.

612
00:25:51,360 --> 00:25:52,560
Yeah, right.

613
00:25:52,560 --> 00:25:57,360
And you'll know that the guy that built that open source Swiss cheese model,

614
00:25:57,360 --> 00:25:57,760
let's say,

615
00:25:57,760 --> 00:26:02,560
or content gateway is reputable and he's always done his job diligently.

616
00:26:02,560 --> 00:26:03,060
And therefore,

617
00:26:03,060 --> 00:26:12,360
you've fairly sure that the content that coming through that gateway is going to be child friendly and that there's not going to be certain type of political things dropped into the child friendly content.

618
00:26:12,360 --> 00:26:14,860
As you see on the centralized networks today,

619
00:26:14,860 --> 00:26:15,060
right?

620
00:26:15,060 --> 00:26:15,760
It's child friendly,

621
00:26:15,760 --> 00:26:18,260
but the cost of your child being propagandized over.

622
00:26:18,260 --> 00:26:22,960
Number years to become why would turn the communists or cultural communist?

623
00:26:22,960 --> 00:26:24,660
This is not good,

624
00:26:24,660 --> 00:26:26,860
but when you have truly open source technology like this,

625
00:26:26,860 --> 00:26:28,260
where the community runs its own infrastructure,

626
00:26:28,260 --> 00:26:41,860
you can have an opportunity for true child friendly gateways and all sorts of the friendly type gateways that are open source and accountable by the held account to account by the community itself instead of some centralized corrupted entity.

627
00:26:41,860 --> 00:26:44,160
Platform validator content policies.

628
00:26:44,160 --> 00:26:46,060
We basically touched on that.

629
00:26:46,060 --> 00:26:47,660
Content watchers regulators.

630
00:26:47,660 --> 00:26:59,260
It's basically your front ends your communities just anybody in particular that sees a video.

631
00:26:59,260 --> 00:27:03,660
That's egregious or illegal or whatever.

632
00:27:03,660 --> 00:27:06,760
It may be you'll be able to have community flagging.

633
00:27:06,760 --> 00:27:07,460
And yeah,

634
00:27:07,460 --> 00:27:14,960
there may be groups of community members that have a large delegated state from the community to go around and enforce the community's policies on content.

635
00:27:14,960 --> 00:27:15,960
Yeah,

636
00:27:15,960 --> 00:27:17,460
they it's all community regulated.

637
00:27:17,460 --> 00:27:21,760
From the governance to the actual content itself.

638
00:27:21,760 --> 00:27:24,560
And then the other thing is the final thing here is reward disputes.

639
00:27:24,560 --> 00:27:30,860
So where community members disagree on the amount of rewards voted on by the other community members on a piece of content.

640
00:27:30,860 --> 00:27:37,660
It might be by mistake or it might be some miscalculation of value of a piece of content as perceived by a certain number.

641
00:27:37,660 --> 00:27:39,760
So you can we talked about this earlier,

642
00:27:39,760 --> 00:27:47,260
but you can downvote that content and remove some of the rewards from it and that allows you to contest reward disputes basically.

643
00:27:47,460 --> 00:27:50,460
And then maybe it's a case in the future.

644
00:27:50,460 --> 00:27:51,860
We this technology is not available yet,

645
00:27:51,860 --> 00:27:54,260
but there may be some sort of jewelry that the community lacks that says,

646
00:27:54,260 --> 00:27:55,260
okay,

647
00:27:55,260 --> 00:27:56,860
it's your turn to do jewelry service this week.

648
00:27:56,860 --> 00:28:02,860
And you've got to review this piece of content that was downvoted and rewards removed from was it downvoted fairly or was it downvoted unjustly?

649
00:28:02,860 --> 00:28:04,060
And if it wasn't downvoted unjustly,

650
00:28:04,060 --> 00:28:07,660
the jury will decide and then they'll restore the rewards to that piece of content.