{"id":381,"date":"2022-08-06T14:11:46","date_gmt":"2022-08-06T14:11:46","guid":{"rendered":"https:\/\/met.for.education\/?p=381"},"modified":"2022-08-12T18:07:04","modified_gmt":"2022-08-12T18:07:04","slug":"task-12-what-if","status":"publish","type":"post","link":"https:\/\/met.for.education\/?p=381","title":{"rendered":"Task 12 &#8211; What if&#8230;"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"381\" class=\"elementor elementor-381\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8411ec5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8411ec5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f0c403d\" data-id=\"f0c403d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-41c5f86 elementor-widget elementor-widget-text-editor\" data-id=\"41c5f86\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.10.1 - 17-01-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>I am not quite sure how to proceed this task, so I\u2019m just gonna follow my mind flow and do a thought dump in a format of blogging.&nbsp;<\/p>\n<p>And for some unknown reasons, many platforms in China suddenly started to pick up their passion in about talking Web 3.0\/ blockchain and DAO (Decentralized Autonomous Organization).&nbsp;<\/p><p>A content creator on Chinese video platform is trying to make some videos to educate people about \u2018what is DAO\u2019 and \u2018what is decentralization\u2019. He (Chiyannanhai, July 27, 2022) explained this concept by telling us an activity he recently been to. In recent years, urban people like to go out to the nature to do activities during weekends and holidays. However, a lot of them do not know where to go, how to get there with what gadgets. So a group of people work together in different positions to organize these events without forming any physical entities. One of them decides where to go, another one make sure everybody\u2019s safety and one takes care of food. And this team shares the profit. In conclusion, this team doesn\u2019t have a centralized leader or restrained by some body. Sounds like the plot of The first Avenger movie, but instead of recruiting super heroes, these people are recruiting people to have fun together and get paid for that.&nbsp;<\/p><p>I\u2019m not sure how convincing this example is but there\u2019s another recent example of this. Constitution DAO. According to Wikipedia (March 17, 2022), ConstitutionDAO was formed in November 2021 for the purpose of purchasing an original copy of the United States Constitution. This group raised $47 million in Ether cryptocurrency and was going to buy the constitution in an auction. However, they lost to another bidder with more money. Someone joked about this like \u2018the billionaire knows how much you have but you will never know how much the billionaire actually has\u2019. This ConstitutionDAO is no longer functioning and claimed to be in the process of making refund, however, the refund process is not easy. The donors have to pay gas fee to donate and pay again if they want to get their money back (Kastrenakes, Nov 24, 2021). So, there, as far as I\u2019m concerned, there\u2019s still a centralized organization, in this case, is Ether who is acting as a middleman and gaining transaction fee.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e6e5728 elementor-widget elementor-widget-image\" data-id=\"e6e5728\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.10.1 - 17-01-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"405\" src=\"https:\/\/met.for.education\/wp-content\/uploads\/2022\/08\/\u622a\u5c4f2022-08-07-15.28.12-1024x648.png\" class=\"attachment-large size-large wp-image-383\" alt=\"\" srcset=\"https:\/\/met.for.education\/wp-content\/uploads\/2022\/08\/\u622a\u5c4f2022-08-07-15.28.12-1024x648.png 1024w, https:\/\/met.for.education\/wp-content\/uploads\/2022\/08\/\u622a\u5c4f2022-08-07-15.28.12-300x190.png 300w, https:\/\/met.for.education\/wp-content\/uploads\/2022\/08\/\u622a\u5c4f2022-08-07-15.28.12-768x486.png 768w, https:\/\/met.for.education\/wp-content\/uploads\/2022\/08\/\u622a\u5c4f2022-08-07-15.28.12-1536x973.png 1536w, https:\/\/met.for.education\/wp-content\/uploads\/2022\/08\/\u622a\u5c4f2022-08-07-15.28.12-2048x1297.png 2048w, https:\/\/met.for.education\/wp-content\/uploads\/2022\/08\/\u622a\u5c4f2022-08-07-15.28.12-850x538.png 850w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-064191d elementor-widget elementor-widget-text-editor\" data-id=\"064191d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>But this also opens up the path for us to see the possible ways of using crypto currency, ways of organizing organizations, and ways to share resources (like NTF). But let\u2019s try to imagine this in 30 years with my limited understanding of this technology.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5061f3a elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5061f3a\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.10.1 - 17-01-2023 *\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#2c2c2c;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);flex-shrink:0}.elementor-widget-divider .elementor-icon{font-size:var(--divider-icon-size)}.elementor-widget-divider .elementor-divider-separator{display:flex;margin:0;direction:ltr}.elementor-widget-divider--view-line_icon .elementor-divider-separator,.elementor-widget-divider--view-line_text .elementor-divider-separator{align-items:center}.elementor-widget-divider--view-line_icon .elementor-divider-separator:after,.elementor-widget-divider--view-line_icon .elementor-divider-separator:before,.elementor-widget-divider--view-line_text .elementor-divider-separator:after,.elementor-widget-divider--view-line_text .elementor-divider-separator:before{display:block;content:\"\";border-bottom:0;flex-grow:1;border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--element-align-left .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-left .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-left .elementor-divider__element{margin-left:0}.elementor-widget-divider--element-align-right .elementor-divider .elementor-divider-separator>.elementor-divider__svg:last-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-right .elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-right .elementor-divider__element{margin-right:0}.elementor-widget-divider:not(.elementor-widget-divider--view-line_text):not(.elementor-widget-divider--view-line_icon) .elementor-divider-separator{border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b9e142f elementor-widget elementor-widget-text-editor\" data-id=\"b9e142f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In the talk Alex Tapscott (July 12, 2016) gave at \u2018Talks at Google\u2019 he stated that a lot of people feel like their government does not act in their best interests, so what could blockchain do to help solve or lessen this situation.\u00a0<\/p><p>\u201cWell, imagine if a politician got elected with a smart contract that stipulated that they actually had to abide by their commitments, otherwise they wouldn\u2019t get paid. Or maybe a little less severe, they don\u2019t get the appropriations to pay for the projects they want to pay for unless they actually hit milestones that have been pre-determined based on their views of the electorate\u2026 It is to help empower individuals to have more active role in government, which I think is healthy within the context of democratic institutions.\u201d \u2014\u2014 Alex Tapscott<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57ea581 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"57ea581\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c9de6d elementor-widget elementor-widget-text-editor\" data-id=\"5c9de6d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><u>Utopian scenario<\/u>:<\/p><p>I can transfer money from China to Canada without having to go through the painful process of any banks and all can be done within 10 minutes. And I do not have to show them any documents about who I am to do this. I\u2019m very happy with the privacy and freedom I am enjoying.\u00a0<\/p><p>As commoners, we are able to verify the president candidates\u2019 histories without them being able to change the record before we vote. And nobody can alter the our votes other than ourselves. Someone like Donald Trump would not ever be able to make the claim about fake votes ever again.\u00a0<\/p><p>What\u2019s more, as a collective power, we are able to decide whether the government officers should get paid based on whether have they fulfilled their promises or duties.\u00a0<\/p><p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight );\">Content creators do not have to share their income with any platforms to get the credits they deserved.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f67446 elementor-widget-divider--view-line_icon elementor-view-default elementor-widget elementor-widget-divider\" data-id=\"7f67446\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-terminal\"><\/i><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a6b5afd elementor-widget elementor-widget-text-editor\" data-id=\"a6b5afd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>\u201cSo the interesting thing there is that intermediaries are not going away. Maybe intermediaries just change their name to originators, because someone\u2019s got to start building this platform or rather moving assets into a native digital format.\u201d&nbsp;<\/p><p><u>Dystopian scenario:<\/u><\/p><p>One day, I wake up and I notice that the street hasn\u2019t been swept. Okay, no big deal. I bike to work and witness a robbery. I try to call the police, after all the robotic greetings no real human pick the phone. That seems unreasonable.&nbsp;<\/p><p>Then when I finally get to the office, I describe what happened to my colleagues and they look at me like in a way of \u2018why are you still caring about that\u2019? Later they tell me our government collapsed last night because less and less people are paying taxes so the government can not properly function anymore.&nbsp;<\/p><p>\u201cWe are here to pick up our stuff, go home and wait till something else happen\u201d, some one says.&nbsp;<\/p><p>Other than this, the big companies who owns resources invested in the blockchain technology are the ones who issued the cryptocurrency. The government do not have the ability to regulate them. Government also do not know what their annual profit is, so there\u2019s no way to set the right amount of tax.&nbsp;<\/p><p>Powerful incumbents can also buy in or sell out a large amount of assets to control the value of things. As long the society still works on supply and demand, the magnates will have ways to control it.&nbsp;<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bdb02bc elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"bdb02bc\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-tired\"><\/i><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db4f765 elementor-widget elementor-widget-text-editor\" data-id=\"db4f765\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In my understanding, so far, cryptocurrency is built on a collective belief. But we need to ask ourselves a question: do we believe in each other more right now than 30 years ago? I don\u2019t know, I don\u2019t think so. Blockchain technology definitely has its potential and I\u2019d like to see more people empowerment. But we do have to be aware and prepare for the potential hazards.\u00a0\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef30306 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"ef30306\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f09f3e8 elementor-widget elementor-widget-text-editor\" data-id=\"f09f3e8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>References:<\/p>\n<p>\u8d64.\u7130.\u7537.\u5b69. [\u8d64\u7130\u7537\u5b69]. (2022b, July 27).&nbsp;<i> <\/i>\u7a77\u4eba\u7ffb\u76d8\u9760\u4e0a\u73ed\uff1f\u522b\u505a\u68a6\u4e86\uff01[Video]. Bilibili. https:\/\/www.bilibili.com\/video\/BV1j94y1D7Fh?spm_id_from=333.999.0.0&amp;vd_source=80517be4f89cae4ad6ff961392f0ffb9<br><\/p>\n<p>ConstitutionDAO. (n.d.). ConstitutionDAO. Retrieved August 7, 2022, from https:\/\/www.constitutiondao.com\/<\/p>\n<p>Kastrenakes, J. (2021, November 25). Almost Buying A Copy of The Constitution Is Easy, But Giving The Money Back Is Hard. The Verge. Retrieved August 7, 2022, from https:\/\/www.theverge.com\/2021\/11\/24\/22800995\/constitutiondao-refund-progress-steep-gas-fees-cryptocurrency<\/p>\n<p>Kharif, O. (2021, November 20). Crypto Crowdfunding Goes Mainstream With ConstitutionDAO Bid. Bloomberg, Asia Edition. Retrieved August 7, 2022, from https:\/\/www.bloomberg.com\/news\/articles\/2021-11-20\/crypto-crowdfunding-goes-mainstream-with-constitutiondao-bid<\/p>\n<p>Talks at Google. (2016, July 11). Blockchain Revolution | Alex Tapscott | Talks at Google [Video]. YouTube. https:\/\/www.youtube.com\/watch?v=3PdO7zVqOwc&amp;ab_channel=TalksatGoogle<\/p>\n<p>Wikipedia contributors. (2022, March 17). ConstitutionDAO. Wikipedia. Retrieved August 7, 2022, from https:\/\/en.wikipedia.org\/wiki\/ConstitutionDAO<\/p>\n<p><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>I am not quite sure how to proceed this task, so I\u2019m just gonna follow my mind flow and do a thought dump in a format of blogging.&nbsp; And for some unknown reasons, many platforms in China suddenly started to pick up their passion in about talking Web 3.0\/ blockchain and DAO (Decentralized Autonomous Organization).&nbsp;&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-381","post","type-post","status-publish","format-standard","hentry","category-weekly-tasks"],"_links":{"self":[{"href":"https:\/\/met.for.education\/index.php?rest_route=\/wp\/v2\/posts\/381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/met.for.education\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/met.for.education\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/met.for.education\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/met.for.education\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=381"}],"version-history":[{"count":5,"href":"https:\/\/met.for.education\/index.php?rest_route=\/wp\/v2\/posts\/381\/revisions"}],"predecessor-version":[{"id":473,"href":"https:\/\/met.for.education\/index.php?rest_route=\/wp\/v2\/posts\/381\/revisions\/473"}],"wp:attachment":[{"href":"https:\/\/met.for.education\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/met.for.education\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/met.for.education\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}