Beyond crypto - ICO hype & hope - decentralized governance.
YOUTUBE QzkFBhOFyRA
Panel discusses how to build better base realities block by block - Foresight Institute page 
- Zooko Wilcox - Founder, ZCash - Nathana Sharma - Program Director, Singularity University - Mark Miller - Senior Fellow, Foresight Institute - Nick Kritikos, Head of Global Business Development, Consensys - Moderated by Allison Duettmann, Foresight Institute
Part of Foresight Institute's 2017 Vision Weekend. For speaker profiles, additional panels, and more info, please see: page
Decentralized governance enabled by smart contracts favors global trade in the way that regional law cannot.
To get to a world where most contract terms are codified requires traveling through a period where most contracts combine code with proses to be interpreted by humans.
Maybe use multisignature to nominate arbiters in the event of failure. wikipedia
Positive and negative network effects. Today large governments make poorer decisions than any individual. Collective decision making is a vast negative externality. But what about catastrophic externalities? Relate this to the ethereum fork.
44 min in, Mark Miller explains genetic takeover to replace insecure and insecurable systems upon which we build all applications. New niche grows within the old niche and becomes so important that it takes over the old niche. Insecure blockchain computations die quickly when challenged. But will crypto computation grow fast enough to be viable globally before a security appolypse.
See also Building Better Futures
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Mark Miller asks for architectural diversity via governance and cross-coin network effects: 9m55s
Mark Miller: currency is all about network effects within single currencies. Three points for discussion about the menagerie of coins? Currency, Stock, or Club Goods? 17m25s
Zooko names 5 things block chains do now: store a value, medium of exchange (bitcoin), name system (alternative to DNS), Stock or ICOs (aka funding mechanism to circumvent laws of funding mechanisms), two-of-three-multi-sig 20m36s
Miller: we're building the future of democracy, architectural diversity, what are the governance rules 26m22s
Miller: "smart contracts" are kind of bait-and-switch. Richness of conventional contracts depend on human interpretation. The path to automated contracts must go through semi-automated terrain. 31m09s
Allison Duettmann paraphrases previous conversation with Zooko about The Etherium Fork: looking at forks in evolutionary light as a sign of a healthy ecosystem 40m01s
Miller: current tech is unsecurable, genetic takeover, etherium implies a computational ecosystem that is organically intolerant of insecure code 43m58s
Miller articulates the doomsday he fears: will new secure systems mature fast enough to replace the existing systems before they crumble under their own insecurity 49m05s