FFCON21 Breaking Barriers May 11-13, 2021

Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords

Coindesk | Santiago Siri | Dec 18, 2018

humans on the blockchain - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI OverlordsAs governance becomes more and more prevalent in discussions around consensus protocols, it is clear that Satoshi Nakamoto’s original vision of “one-CPU-one-vote” shaped the entire crypto industry into thinking governance centered around machines, not people.

But if artificial intelligence (AI) is indeed a threat to humanity as Elon Musk and Sam Altman frequently warn, why are we risking giving AI the political power of distributed networks?

Guaranteeing a fundamental right to privacy bent early blockchain design toward anonymity. While that approach helps fight financial corruption (political corruption is exploiting the internet in ways that can also be fought back with decentralized computation), the menace of AI is less abstract than it seems. The fact that social algorithms thrive on memes helps explain today’s political reality.

See:  Lifehacks for When a Robot Wants Your Job

However, AI is leading us to even deeper questions and challenges. The most salient fact from contemporaneous politics is the growing shadow of doubt cast over the democratic process in the U.S.: did foreign influence win the most expensive election on the planet? Since the Peace of Westphalia in the 17th Century, nation-states have been a political construction based on the idea of non-domestic intervention.

What Mark Zuckerberg didn’t dare to say in Congress when he had to testify about Russian influence exploiting Facebook is that the internet is no longer compatible with the nation-state.

Today’s internet AI is governed with our likes, retweets, upvotes and links — tokens we don’t own. These tokens own us as they constantly survey society in benefit of the network’s owners. To remain competitive with each other, Facebook and Google have incentives to become even more Orwellian.

What made them incredibly successful was their ability to formalize humans on the web. But the steep price is the privacy of a society that no longer connects via dial-up but lives online 24/7.

The question we now face is how can we formalize humans online in a decentralized way, hence guaranteeing a voice and a vote for everyone without making them subjects of corporate propaganda?

Turing-impossible Proofs

In order to establish a frontier between ourselves and internet AI, we need a decentralized protocol for singular human identities.

Unlike Facebook, a network of this kind must not be limited to the logic of media and attention-grabbing algorithms. Instead, a human consensus should be the source of legitimacy, effectively constructing a one-human-one-node graph to unlock the full potential of blockchain governance.

Legitimate influence over cryptographic budgets can transform a social network deployed over the internet into a living democracy. But this is far from a trivial task: formalizing humans in decentralized networks requires preventing bots, Sybil attacks, bribes and a Big Brother from emerging.

See:  How AI and Blockchain Have Changed Canada’s Business World

Let’s begin with bots. A machine’s perception threshold can be measured using Turing tests, tasks designed to tell robots and humans apart. So, a human-based consensus by definition requires Turing-impossible proofs, hard for computers but easy for brains to process. To illustrate this, the birth certificate for my daughter Roma was made using video, a simple format for a fellow human to decode, but still very hard for any machine to understand.

The proof can remain private and secret — only a hash goes on a blockchain. This string of numbers is able to certify the contents and timestamp the original proof, letting nodes get validated without the need of broadcasting all the information. We can expect Moore’s Law catching up with the Uncanny Valley, so the format of the proof should be always open up for debate.

In order to ensure an identity is singular, we need to fight Sybils (in this context: humans aiming to get control of more than one node). A reputation-based graph must be put in place giving attestation rights to those able to gather more trust from the network. At Devcon4 Sina Habib introduced the idea of building a “trust graph” using well-known reputation algorithms like PageRank. My own experience implementing PageRank to weight retweets on Twitter led to a virtual currency project named Whuffie Bank back in 2009; it does work.

But the stake from validating nodes should also be a bounty for those able to detect false-positives in the consensus. Network policing cannot be strictly algorithmic if we want the humans to be in charge.

The risk of reputation algorithms is that they are really centralization algorithms.

This leads to nodes that can use their excess influence to buy others or be targeted and bought. To prevent bribes and monopolies from forming, a node’s ability to validate new Turing-impossible proofs should be based on a cryptographic lottery that introduces randomized voting to the consensus.

If the lottery’s entropy is based on a node’s stake, it can aim to equalize attestation chances across all nodes in the long term. As a validating node, the higher your stakes the less likely you’ll be given a chance to validate again. This creates an incentive to focus on validating family first.

See:  The Age of Artificial Intelligence in Fintech

Today, Tomorrow and the Future

At Democracy Earth, we are designing our consensus protocol using ERC-20 tokens with staking logic designed to validate Turing-impossible proofs. When the score for a given hash reaches the consensus threshold, a check on the claim “Are you Human?” is issued for a provided ERC-725 identity.

These open specifications allow the quick prototyping and deploying of these ideas on top of any EVM-compatible blockchain. Recent research and new protocols, such as the work by David Chaum of DigiCash on randomized voting, and AlgoRand led by zero-knowledge proof co-inventor Silvio Micalli, signal the relevance of cryptographic lotteries in keeping governance fair.

In our initial work implementing web-based digital democracies it became clear that whoever controls the registry of voters can manipulate the outcome of an election. Providing a decentralized consensus on human rights can replace this point of failure also present in traditional elections.

Why not simply use the legacy reputation of established institutions for human identities?

Continue to the full article --> here


NCFA Jan 2018 resize - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI OverlordsFF Logo 400 v3 - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlordscommunity social impact - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords

GET DRAFTED AT #FFCON IN 2021!


Some past Fintech Draft pitchers - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords

FFCON21 image Your Voice Counts 3 - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords

Sign-up for NCFAs weekly newsletter and never miss a beat:


NCFA Newsletter subscribe600 - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords

Support NCFA by Following us on Twitter!






Forbes | Jonathan Ponciano | Apr 14, 2021 The Senate on Wednesday confirmed President Joe Biden's nomination of Gary Gensler, a former Goldman Sachs banker and a forceful commodities regulator under former President Barack Obama, to head up the Securities and Exchange Commission, setting the stage for widespread reform as the agency takes on unprecedented stock-market volatility and booming institutional adoption in the nascent cryptocurrency space. Key Facts The Senate confirmed Gensler's appointment Wednesday afternoon in a vote of 53 to 45, placing the 63-year-old academic and former investment banker atop the agency charged with maintaining fair, orderly and efficient markets. Gensler, who's promised to increase transparency and reduce risk in the market, succeeds former SEC Chair Jay Clayton, an attorney tapped by former President Donald Trump to undo financial regulations that "stifled investment in American companies." The confirmation comes more than a month after the Senate Banking Committee voted 14 to 10 to advance Gensler's nomination for two terms ending on June 5, 2026. See:  Will Gary Gensler at SEC be Good for Crypto? The Senate only voted to confirm Gensler for the remainder of the term expiring June 5, so it will need to hold another vote for ...
Read More
SEC securities exchange commission - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords
Nova Credit blog | Apr 1, 2021 SAN FRANCISCO, Calif., Apr. 1, 2020 - Nova Credit, a global credit bureau enabling immigrants access to credit, has launched a new direct-to-consumer dating service. The app, named “Score!”, matches any U.S. immigrant with a local American, based on analysis of their credit scores and other behavioral insights. It is available on both iOS and Android, and has an early user rating of 4.1 stars. See Score! in action. Recent data released from the Advanced Population Research Institute of Louisville’s Foreign-born Overseas Observations: Longitudinal Study shows that non-U.S. born residents are not only remaining longer in the U.S. (from an average of 6 years in 2000 to 11 years in 2020), but also more likely to marry a local (from 4% in the 1980s to a peak of 12% last year). Nova Credit Head of Product Melanie Aliperti offered, “as we’ve run deeper user research, we’ve found that the quest for love is becoming a more significant theme and requested feature - particularly as newcomers seek deeper cultural integration and mingling.” The feedback from early beta users has been promising. Priyanka from India described her experience, “Bumble, Raya, Tinder -- I’ve been on ...
Read More
Nova credit - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords
Sifted | Nicolas Colin | Apr 14, 2021 The Greensill debacle shows that startups have a lot to learn when it comes to winning friends and influencing people. Startups are getting stuck into some highly-regulated industries — and they need to start taking those regulations seriously. Long gone are the days when founders could “move fast and break things”, to echo Mark Zuckerberg’s famous words. Now startups are handling people’s money; they’re responsible for children’s education; and some of them are even taking our lives in their (healthtech) hands. But staying on the right side of regulation is not easy. Most rules were designed a long time ago, well before the internet came about and made it possible to solve old problems with new solutions. Many things that are now possible don’t exactly fit in the old regulatory boxes that we inherit from the past — whether it’s rules that relate to taxi medallions or the 1835 Highways Act that effectively prohibits anyone in the UK from riding an electric scooter on the road. For some startups to take off while strictly complying with existing regulations in sectors such as transportation, financial services or healthcare, the sequence would have to ...
Read More
Startups and lobbying - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords
MarketWatch | Mark DeCambre | Apr 14, 2021 Coinbase is the talk of Wall Street on Wednesday, as the largest crypto platform in the U.S. gears up for its public debut on a traditional exchange, arriving via a direct listing rather than a more traditional initial public offering. The arrival on the public markets of Coinbase COIN, 34.38% is a big moment in the world of cryptocurrencies. The company was created just over a decade ago with the genesis of bitcoin BTCUSD, -2.43% and today stands at what many in the industry have described as a tipping point. There are few ways to secure direct ownership of crypto currencies, outside of buying them directly, a service that Coinbase provides for a fee, and which investors appear willing to pay for. Coinbase, whose users primarily deal in bitcoin and ethereum, reported last week that its revenue soared 847% in the first quarter to $1.8 billion, and that it now has 56 million verified users. See:  ETF investors say Coinbase listing will cause explosion in crypto investing Leeor Shimron, an analyst at FundStrat Global Advisors, described the Coinbase listing as seminal. “Coinbase’s direct listing is a watershed moment for the crypto industry.” ...
Read More
Coinbase direct listing - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords
Yahoo Finance | Release | April 13, 2021 LONDON, April 13, 2021 /CNW/ - Emerging technology research company D-Core released its latest analysis reviewing the future of the cryptocurrency landscape, calling for CoinPayments to remain the leading crypto payments processor in 2026. D-Core's report surveyed 161 experts, asking them: "Which crypto payment processor will definitely be operating in five years time?" Of those surveyed, 37% picked CoinPayments, giving it the top spot. The other crypto payment processors included in the report were Bitpay (29%), BTCpay (19%), SpicePay (13%), CoinGate (1%), among others. "It is great to be recognized as a top crypto payment processor among experts in the industry," noted Jason Butcher, CEO of CoinPayments. "Since 2013, our aim has always been to fuel crypto adoption and the most effective way to give digital assets their rightful place as mediums of exchange is by enabling businesses and consumers to use them for everyday purchases." See:  Jason Butcher, CEO Coinpayments speak at the 7th Fintech & Financing conference: FFCON21 Breaking Barriers May 11-13 The report's timely release comes as notable companies like Paypal and Tesla announce that they will be facilitating crypto payments for customers. Crypto adoption is steadily on the ...
Read More
crypto payment processor research - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords
Montreal in Tech | Joseph Czikk  | Apr 2, 2021 Sam Presti made a risky bet in the summer of 2018. The general manager of the NBA’s Oklahoma City Thunder traded for star player Paul George. There was just one problem. George had one year left on his contract before he was free to sign with whomever he wanted, and he made it clear he wanted to return home to Los Angeles to play for the Lakers. Presti made a bet on an asset that would probably skip town in a year’s time. In doing so, he risked his job in Oklahoma City, a small market team that doesn’t often lure high-end free agent players. See:  4 Ways the Startup Landscape Will Shift in 2021 “Scared money don’t make none,” Presti famously remarked at the press conference, referencing a lyric from Midnight, by A Tribe Called Quest. Presti’s big bet paid off. George liked it so much in the midwest that he spurned the Lakers and signed on for another year with the Thunder, shocking many. Montreal’s next tech unicorn? Like Presti’s gamble, risk-taking is sometimes necessary in life. And for so long it felt like Canadian tech markets like ...
Read More
element AI reception - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords
Forbes | Jack Kelly | Apr 9, 2021 A little bad publicity goes a long way. In late March, the legendary investment bank, Goldman Sachs, was accused by a group of young bankers of making them work 100 hours a week. The Wall Street analysts claimed that they were forced to endure a punishing schedule that left them exhausted and unable to have a social life. To ameliorate the situation, Goldman decided to offer them Saturdays off and said they’d find additional help to alleviate the workload. One day off doesn’t seem like much, but in the hustle culture on Wall Street, it's a start. Investment banking is a highly competitive field. Now that Goldman set the precedent, other banks are one-upping each other by giving lavish salary increases, bonuses, days off and Peloton bikes to Gen-Z bankers. Bank of America Corp., one of the nation’s largest banks, said it will enhance the salaries of its junior investment bankers starting May 1, according to Reuters. The salary increases are being awarded to show its recognition. While many sectors have been hit hard by the effects of Covid-19, financial firms have done well. Trading throughout 2020 and the first quarter of ...
Read More
Banks and covid stress - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords
BNN Bloomberg | April 13, 2021 (Bloomberg) -- The full implications of Beijing’s rapid-fire moves against Jack Ma’s internet empire in recent days won’t be apparent for weeks, but one lesson is already clear: The glory days for China’s technology giants are over. The country’s government imprinted its authority indelibly on the country’s technology industry in the span of a few days. In landmark announcements, it slapped a record $2.8 billion fine on Alibaba Group Holding Ltd. for abusing its market dominance, then ordered an overhaul of Ant Group Co. On Tuesday, regulators summoned 34 of the country’s largest companies from Tencent Holdings Ltd. to TikTok owner ByteDance Ltd., warning them “the red line of laws cannot be touched.” See:  China’s Draft Anti-Monopoly Guidelines on Platform Economy The unspoken message to Ma and his cohorts was the decade of unfettered expansion that created challengers to Facebook Inc. and Google was at an end. Gone are the days when giants like Alibaba, Ant or Tencent could steamroll incumbents in adjacent businesses with their superior financial might and data hoards. “Between the rules for Ant and the $2.8 billion fine for Alibaba, the golden days are over for China’s big tech firms,” ...
Read More
Ant group - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords
Neptune Digital Assets Corp. | Release | Apr 12, 2021 VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) -- NEPTUNE DIGITAL ASSETS CORP. (“Neptune” or the “Company”) (TSX-V:NDA; OTC:NPPTF; FSE:1NW) is pleased to provide an update on its planned expansion into renewable energy Bitcoin (“BTC”) mining. The Company and LINK GLOBAL TECHNOLOGIES INC. (CSE: LNK; FRA: LGT; OTC: LGLOF) (“LINK”) have incorporated a joint venture company, Pure Digital Power Corp. (“Pure”), and in connection therewith, the Company, Link and Pure have entered into a shareholders’ agreement governing the management of Pure. Pure is a power and Bitcoin mining infrastructure company with an emphasis on clean sustainable energy. See:  Cryptocurrency and energy consumption debate Through Pure, Neptune and Link have agreed to develop an initial 5 megawatt (“MW”) renewable energy dominated BTC mining facility in Alberta, with potential for expansion and scaling. Establishing Pure and entering into the corresponding shareholders agreement follows shortly after the March 19, 2021 announcement of the proposed joint venture between LINK and Neptune to develop a green energy facility. All BTC mined under Pure’s operation are expected to be held in the treasury for reinvestment and decentralized finance (defi) based earnings, similar to Neptune’s current approach ...
Read More
Bitcoin clean energy mining - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords
Apr 12, 2021 One of the most difficult things about real estate recruiting is finding an effective technique. You’re competing with hundreds of other recruiting companies and brokerages, so you really need to step up your efforts. If you’re running out of recruiting real estate agents ideas, you can rely on a trusted method: email. It might seem a little too “old school” in the era of apps and social media, but email actually remains to be an effective communications tool and recruitment platform. The key is to find a formula that works. When crafted without specific intent, an email can easily become an impersonal message. With the right components, on the other hand, it can transform your recruitment efforts. That said, here are some things that you have to include in an effective real estate recruiting email: A Non-Spammy Subject Line If your recruitment email goes unread, then you’ve already lost the battle. As such, the first thing you need to make sure of is that the recipient opens your message. You can do this by crafting a subject line that sounds “legit.” Avoid fantastical, too-good-to-be-true statements. Some of the phrases you want to ditch are “once in a ...
Read More
Real estate agents business - Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords