My half bake notes from the session:
Social Scalability: These are people problems
Wealth Distribution - GINI Coefficient of Ethereum is worse than North Korea
What are measures of success to improve social scalability?
Bring more ideas/use cases of the technology when different types of people are included in the community.
Need to think about DAOs paying social taxes for supportive adoption
Stages of Financial Capital Management
Stage 1: Using money/capital to use individually satisfying basic needs - Strive for everyone to reach this level of attainment
Does this come down to fiscal policy - how can this happen on chain (with logic) vs. how this can be addressed off chain/IRL?
Stage 2: Using capital as a an influence, what do we want to influence?
Tim mentioned should the adoption focus on access to identity and banking (need for a greater portion of the world to be included in current social systems such as refugees)
Adapt and build alongside with local currencies, bundle with currencies for stability.
MP introduced lobbying a necessary tool - introducing a technology into a broken system will be stifled by the local (broken) system.
How do you build bridges with governments on common areas that governments do not want to see (riots, war, famine, etc.) instead of killing ties with local governments
Zack mentioned Ethereum will develop much like bitcoin - for the people by the people.
Will citizens see the rules that they build on the blockchain supercede the local laws of government?
Create more digital identities with government - digital identifications
Need funding to support this adoption
Recreate alipay and Wechat by paying by app
Need to balance the influence of financial capital and human capital for distributed governance model. We keep moving closer to financial capital
Hierarchical networks are more efficient but become leverage of power and less assumed by human capital
Influence networks causes the reallocation of capital but cannot coerce those (use power) to make that capital reallocation.
Identity systems cannot be nested in national systems - a flaw that will oppose these issues between current hierarchical structures
EIP 0 initiative - more for philosophical discussions (and the rest of these discussions)
Is identity a necessary process for voting
How do we get ETH into the hands of more people.
EWasm - Ethereum Web Assembly protocol, to replace EVM
Web assembly is designed to run a node in a browser can you run a node in a browser to mine enough ETH to support
Should we start an EIP bounty system, decentralized for withdrawing funds, another for supporting projects
Scalability governance example: Ethereum Classic moves some ETH into a treasury for use to support new projects
Proposal: A taxation method for proof of stake
Boris shared how do we find service providers that will accept (create a token curated registry) ETH natively by geography?
Scalability governance example: Zcash foundation proposals (research) - direct awards to a pool to fund another pool (create inflation) or taxation
How do you combat large holders of ETH who would not want to pay these taxations. Financially you are incentivised to ICO or hold currency or something less useful vs. staying and working on the protocol. How do you align these two systems - aligning financial value for you and reputational value (working on the protocol) - to contribute to the growing of Ethereum.
Where do investors fit into this discussion - how do you incentive them?
Moving to proof of stake, do you create a distributed governed bounty system? Also, do you change the reward system for larger investors/ETH owners to get lower rewards than smaller projects (less influence for whales).