Implications of a machine economy

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Reframing abundance for a sustainable economy

Abundance is one of the promises that comes with renewable energy. “If only we had enough energy, we could get anything we want.” But is that true? And can that be true for everyone in the world? Without destroying the world as we know it? This post goes deeper into psychological and philosophical side of abundance, as opposed to the technical side. Because if we frame it right...

Natural ecosystems to inspire machine ecosystems

The Machine Economy track at the 2018 Blockchaingers Hackathon asks teams to build a machine-to-machine-ecosystem, that disrupts our current system, and that is beneficial to society. This is not an easy task and it can be hard knowing where to start. Maybe nature can provide some inspiration. Let’s look at how ecosystems are organized, and how nature is abundant towards all participants...

Emergence as a solution to overengineering

More is better. Our brains seem hardwired to it. Maybe it has to do with laziness, or perhaps just comfort. But we humans tend to overengineer everything, from our almost empty or often unused cars, to our ridiculously overpowered smartphones and laptops, which we use for Facebook and Candy Crush Saga. There are many examples, but the point is: a lot of our stuff is overspec’d and underutilized...

Envisioning a new society

We are all children of our time. Everything we have today is normal to us, but this is an illusion. Hot water from the tap wasn’t there 50 years ago, in some areas not even running water. Houses from the eighties have very few sockets, compared to the current demand. Cabling for internet or tv isn’t tucked away nicely into the wall. We are now taking steps towards a machine economy. At...

Algorithms inspired by swarm behaviour

With autonomous machines you almost automatically touch on swarming. But what is swarming? There are two ways of looking at it: how and why. By imitating the how, we might get some nice optimizations, but the why is where the real benefits are. Locust preventing collisions Locust filter out excess stimuli to have enough brain capacity to react to relevant signals. It only recognizes movements...

Biomimicry: information and the Machine Economy

The Machine Economy track on the world’s largest blockchain Hackathon challenges you to go way beyond the current paradigm. But how do you rethink a future ecosystem? Nature could be inspiration. It’s been scrumming and iterating its ecosystems for 3.8 billion years. There’s some interesting concepts to be learned from it, through Biomimicry. Biomimicry Biomimicry means learning...

Nature as inspiration for the world’s largest Hackathon

In April 2018 the largest blockchain hackathon in the world will be organized in the Netherlands by Blockchaingers. On 8 February a Deep Dive was held in Amsterdam for the track Machine to Machine economy (M2M) to prepare and excite the teams and other interests parties. I was asked to inspire the participants with a few examples from nature. All speakers at the Deep Dive can be seen in this...

The importance of free value transactions for renewable energy grids

The energy grid is experiencing problems in dealing with the increase in production of renewable energy. There’s a common argument against solar panels and wind turbines. They produce energy when the sun shines or the wind blows, but not necessarily when we want to use it. Luckily the ever-increasing fleet of electrical cars – including hybrids – can help solve that problem, now and in the...

The implementation of a feeless transaction system

One of the key features of IOTA is that there is no transaction fee. It is designed for micro transaction on the Internet of Things. This opens up a lot of possibilities (more on this in future posts). The problem however is, that as long as IOTA transactions are benchmarked against fiat money we are not able to reap the full benefits. Exchange rate risk premiums could counteract the feeless...

On IOTA as a currency replacement

What cryptocurrency has the highest chance of replacing traditional currencies in the future? Is it Bitcoin or some other ones? In my opinion IOTA – Next Generation Blockchain stands a good chance. Better than Bitcoin, although I don’t believe traditional currencies will be replaced anytime soon. Traditional currencies have certain problems, which Satoshi Nakamoto tried to solve with...

Implications of a machine economy