Buterin likes the idea of ​​’network states’ built around blockchains – the defiant

Book by crypto investor Balaji Srinivasan Network state was release July 10 and focuses on startup societies founded in the cloud, using an integrated cryptocurrency and crowd-funded physical territory.

In a July 12 blog post, Ethereum founder Vitalik Buterin shared his thoughts about the book.

While Vitalik disagrees with Balaji on some issues, he is unquestionably in favor of experimenting with network state. He wrote that the network “could be seen as an attempt to sketch a larger political narrative for crypto.” Instead of crypto being a playground for dynamite traders and crypto bros, network states offer the opportunity to build entire communities and ecosystems around the blockchain.

Although this concept of network states sounds like something out of a Ray Bradbury novel, multiple network states started during the bull run. CityDAO formed in July 2021 and soon bought a 40-acre plot of land in Wyoming for an undisclosed sum, and Praxis raised $15M to fund their tech-optimistic city.

public goods

Vitalik is there said Before that he wants to see more public goods and fewer monkey jpgs in crypto. Network states may be a possible answer. Vitalik cited CityDAO and gave several examples of possible network states, some more realistic than others.

Want to live in a country that only serves keto food? Build a keto community online, buy land, and then build a community in the real world Looking to live in a country that allows public nudity or a country that only uses crypto?? The playbook remains the same. “Almost anyone any Political ideology can be found something Under this definition the network state forms what they can get behind,” Vitalik wrote.

But a network state, according to Balaji, is much deeper than just a keto-strict city.

What is a network state?

“A network state is a social network with a moral innovation, a sense of national consciousness, a recognized founder, the power of collective action, civility at the individual level, an integrated cryptocurrency, a consensual government bounded by a social smart contract. , an archipelago of crowdfunded physical territories, A virtual capital, and an on-chain census that proves enough population, income and real-estate footprint to earn a measure of diplomatic recognition.”

Vitalik admits that he and Balaji network differ in the extent of liberalism in their thinking styles about the state. Vitalik says he is used to a left-wing idea of ​​increasing equality through regulation, but Balaji leans further to the right, believing the answer lies in creating brand new self-reliant, more homogenous communities.

Decentralization

To find a middle ground, Vitalik suggested bringing in more democracy and large-scale coordination. Vitalik believes that while it is natural for founders to initially be key players in network states, power should shift over time to the people. “As the network state enters higher levels of maturity and scale, more input from community members is automatically considered,” he writes.

To further decentralize power, Vitalik believes that currency-based governance is not always the answer, and that more traditional democratic voting may be appropriate.

Balaji responded favorably to Vitalik’s suggestion, tweeting, “My quick response (and I think Vitalik would agree) is that the network state concept is flexible enough to accommodate these suggested edits. It’s a toolbox rather than a manifesto.”

Like countries and empires, both Balaji and Vitalik agree that network states will go through countless experiments and iterations in pursuit of the perfect system.

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