Some techno-skeptics will surely give Bitcoin more than dead, and perhaps it is after a crypto-bubble that was manipulated interestingly, and on which we also warned from here by active and passive. We also analyze them and their subsequent puncture. But from these lines we have always argued that the cryptoeconomy had come to stay, and what we could not say was whether it would be by the hand of Bitcoin, Ethereum, or any other cryptocurrency that may not even exist today.
But cryptoeconomics is not just Bitcoin as such: it is much more than that. And the cousin of Bitcoin, which is Blockchain, is a technology of (a lot) future. This is also understood by certain criptopotentados, who have decided to start building a city based on the most utopian Blockchain in the middle of the desert of Nevada.
We are not alone to continue betting on the future more crypto (although it may not be Bitcoin).
In this world in which we live today, where reality converges with the economy of the essential hand of technology, it is doubly dangerous to fall into being simply techno-outraged. And it is because that passion and that euphoria do not allow us to approach technology with the due caution that any new modeling tool of the future deserves.
But despite this serious warning, the truth is that a server is a declared techno-enthusiast, and therefore we can not help but feel a mixture of interest and enthusiasm when reading about news such as the one we bring to you today. And to be frank, on our part are very expected news, and not because they dispel a doubt, but because we had been waiting for them for some time from the certainty that someday they had to arrive.
As you can read in this news from the New York Times, a criptomillonario has opted to bet decidedly for a real socioeconomic implementation and in all its scope of Blockchain. In fact, it is investing millions in creating in the middle of the Nevada desert a city whose socioeconomy is structured with Blockchain as its most fundamental basis.
The entire project began surrounded by intrigue and suspicion among the local population
The locals did not stop talking about this intriguing billionaire, who had bought in the middle of the desert and next to Reno (Nevada) a land of greater extent than the city itself: nothing more and nothing less, it was about 100 square miles which they had bought for the supposed cryptoexperiment.
At first, everything was wrapped in a halo of mystery, and the amount that ran from mouth to mouth was effectively millionaire: apparently, the mysterious cryptomagnate had invested the magical amount of 170 million dollars he had paid cash.
Finally transcended the name of the mysterious millionaire, who turned out to be a certain Jeffrey Berns. It was an almost unknown potentate of the 56-year-old critico-economy, who became a millionaire in the heat of the explosive and effervescent rise in the prices of digital currencies.
It is not a simple experiment, it also tries to be a real demonstration of what Blockchain can be
Berns does not conceive of his investment only as a simple experiment with which to develop a socioeconomy around a Blockchain ecosystem. His real ambition goes much further. Possibly he is a true visionary, and not only because he knows how to move forward looking at the horizon, but because he can perfectly know which is the path that leads us to it; in this case: the Blockchain utopia.
Our millionaire visionary intends to build on his gigantic plot a community in the broadest sense of the word, where there are houses, schools, shopping centres and even production studios and… how could it be otherwise, where it is also you with a technological park. The common nexus of all this (never better said) will be the Blockchain technology, that famous distributed accounting network.
As you have read, Berns is committed to a community in which technology allows ordinary people to control their own data (this new raw material of the economy, and to return the power of the system to the citizens.) This would be achieved without necessity that this resides in intermediaries that are finally set up as rulers, such as big companies or governments themselves that, let’s not forget, should be there to serve citizens (and not vice versa).
Up to this point we can do nothing but emit a loud and effusive applause in favor of the visionary Mr. Berns. To embrace the most idealistic cryptoeconomy, and to bet much of its fortune for the best it has, far from mere speculative enrichment cravings that characterized the last death throes of the crypto-bubble, deserves praise. This is especially true in the case of a person whose life is literally resolved with the crypto-fortune he amassed, regardless of what his initial motivations might be when investing in the Bitcoins that made him rich. Some will not hesitate to criticize him for it, but others became rich in the same (or worse) way and, if that were not enough, the subsequent use that they give to idealist money does not even have a presumption.
Precisely what the cryptoeconomy needs now…
I can not say that it was what was needed, but I think that, at this point, we can affirm without equivocation that what we saw a few quarters ago in the crypto market was the flame that set off the rocket of crypto-economic speculation (in the most mainstream sense) . But as has happened with all “gold rush” that we have seen in Economic History (and unfortunately there have been many, and will continue to exist), the truth is that after the rise of the tide and its subsequent descent, the future comes true .
And no, when that future becomes a tangible reality, it does not necessarily have to deny the hunches that fueled the previous bubble, but often even confirms that this was indeed the future, only not exactly how it was drawing at the stroke of speculative impetus. When the smoke dissipates, the initial embers that gave rise to everything, and that continue to detach a pleasant heat that heats the cryptoestance are exposed.
At the present time of the socioeconomic life line of the cryptoeconomy, a spark is needed to light the household wick, which will have to heat this particular room continuously and sustainably. And that spark of ignition could be what Jeffrey Berns is trying to put on. However, how could it be otherwise, apart from applauding the positive that has all socio-economic issues that we analyze, they already know that our criticisms are never lacking (always constructive, yes).
What may be failing the visionary Mr. Berns is that he is blinding his technophile euphoria. In the case of passions, although he can not be blamed for it, the truth is that what fails him is precisely the most economic part of this whole affair: it is typical among (almost) all the techno-refounded most recidivists.
The most obvious economic question that comes to mind to a server does not have much merit, but what the hell is going to live a community of inhabitants in the middle of the desert of Nevada, however much they have Blockchain? The most techno-desacquated (read this critical term with the love and recognition with which I actually write it) often make the terrible mistake of thinking that you can live Blockchain just like who wants to live on the air.
But the truth is that the real objective to achieve must be to live what one lives well or can live, but articulating all the socioeconomy that we build around it as native in Blockchain, in order to take advantage of the great advantages it provides. And that is how we can really transform our socioeconomy with some guarantee of success, and give citizens back the part of the system that should belong to them, and that, by the way, they should never have been taken away.
Blockchain is not a means of life that justifies going to live in the middle of the driest desert, but the means of life you put it, and Blockchain puts (almost) everything else. I should do it more as an enabling instrument, than as an end in itself. Some will argue that, for example, Las Vegas has been a case of success on the same arid substratum, but instead the capital of the casinos had a real and very classic business model.
ring. Why is Blockchain going to make a Nevada desert habitable enough so that a whole city built on the barren sand flourishes there, transforming it into an orchard of socio-economic life?