Starting Values

We describe some of the starting Bitplanet values of the pre-genesis launch builders.

These values are threaded through many of the design and tradeoff choices across the stack prior to Bitplanet Genesis. Post Genesis, the choices will take shape based on the collective holders and participants of Bitplanet.

1) Accessible (No Castles in the Sky) & Full-stack (Dogfooding from Infra to Interface)

The early groups of contributors to Bitplanet reject the idea of "build it and users will come" (and definitely reject "build the thing that others will build on and then users will come").

Hence, Bitplanet contributors are multiple groups of closely collaborative teams that took a full-stack dogfooding approach to applications, smart contracts, and chain design - where the act of integration between software layers, improves the ease of integration for future developers.

In particular, we believe that the base layers (L1 or L2) will become increasingly commoditized, where future web3 users may not even realize which chain they are transacting on. This will increasingly occur as web3 UX becomes more and more invisible via embedded wallets, account abstraction, etc.

2) Markets (Crypto) x Utility (AI)

The proliferation of open markets and market activity we believe is close to the proliferation of freedom and choice.

Markets allow many bottoms-up individual actors to contribute information and preferences into a collective intelligence.

Crypto drastically reduces the cost of listing orders of magnitude more tradeable value-items on modern market infrastructure. The scope and scale of representable, tradeable items increases the aperture for intelligence to examine, analyze, and decide collective pricing via buys and sells of any tradeable item.

Similar to the Double-slit experiment (an experiment that intertwines with quantum mechanics), every newly listed value-item enters a "Market-slit Experiment" where pricing goes from a superposition state (where the individual market actors do not know the aggregate price action of other actors) to a "collapsed wave function" position state (where the individual markets can look at a DEX to see the current collective market pricing of a value-item).

We believe the intersection of Crypto & AI allows for a new form of Human-AI collective intelligence that guides humanity's transition from capitalism to valuism (or the proliferation of markets-based activity that does not soley prioritize tribalized shareholder maximization... even markets around dog memes).

With markets, things will go up and down, and higher variance creates stronger incentives - this can be a feature or a bug, depending on how far we are into fiatism (the competition to print fiat and allocate now, to maintain superiority in the future), how much zero-interest money is flying around, and how many builders and users there are.

3) Learn from Everyone, Everything, Everywhere

While we have detailed learnings from projects and ecosystem, we have also learned from economic ecosystems throughout history, including today's fiat economic and governance models (like the US, China, Singapore, Euro, Argentina, Japan, etc.)

In addition, crypto experiments that some may consider failures like Terra/LUNA provide learnings at the very least for how to design more stable and sustainable economics and mechanisms.

These learnings reflect our gratitude for the builders within crypto who experiment despite risk and turbulence. Building a new more resilient, transparent, and modern global financial and economic system is not easy nor cheap. It does not "go great" up and to the right linearly, it it a step-ladder of experiments, learnings, and evolution.

4) Reject Binarization (& Tribalization) by Tightroping the Middle Way

It's easy to fall into a tribe of identifying with a meme (a maxi, a patriot, etc.); however, we are all composite forms of many influences, and moreso than ever, we are all more children of the internet than ever before in history. While thousands of years ago we were mostly a product of parents and villages, and hundreds of years ago we were products of cities and countries - today we are products of global-interconnected influences.

Therefore if we learn from everyone and everything everywhere, we can manage to be aware that the differences are where the learnings are, and the experiments are where the new learnings are.

We believe a transition from unipolar to multipolar is already well on its way - and yes this applies to even the monolithic debates. God is Dead, the Blood is on Our Hands, and now Markets are God - a Quantum state between objective and subjective.

We propose markets-based Consilience and Valuism as a way forward for weighing, quantifying, and reconciling differing perspectives - in the pursuit of freedom, learning, and value.

Hume's Is-Ought separation was more applicable in Darwinian environments where we were determined and shaped by nature - however it is much less applicable in environments that we shape and create that determine our collective and holistic experience.

What you and I value matters more so than ever because we are no longer simply surviving, and the more we can express and clarify our values, the easier it is be aware of and reconcile differences (or fork off).

The expansion of the Overton Window and the awareness that our learnings are intrinsically connected to each others' differences and willingness to experiment minimizes "we vs. them" and "me vs. you" traps.

Apply spectrum, continuous thinking rather than binary thinking.

Not Capitalistic, Not Communistic, Not Left, Not Right, Not Individual, Not Collectivist, Not Keynesian (top-down), Not Hayekian (bottom-up).

Rather appreciate the differences for the learnings they provide.

5) Everything Can be Re-created

A great technological, financial, and economic global reformation is before us.

Today we have tools of technology that would seem like magic just decades ago.

Any sufficiently advanced technology is indistuinguishable to magic and our tools today evolve faster and faster.

As described in the intro, we are at the end conclusion of software eating the world, the beginning of the Singularity, and the re-creation of our most foundational systems and institutions.

Everything can be recreated, and nothing is off the table. Welcome to the New World.

6) Build for a Century, Adapt Moment to Moment, with Skin in the Game

Many of the smartest people when asked about the runaway fiat debt issues will say some version of: "well so long as there's no better option, might as well print into infinity."

In other words, the Best Option is the same as the Least Worst Option.

Governments can be quite hypocritical: touting antitrust and anti-monopolization; however, these same institutions are willing to monopolize money and military to retain the ability to steal earning power from everyday people.

Governments have had a frequent recent history of bail outs, with bankers privatizing gains and socializing losses to tax payers, leading to the outcry of Occupy Wall Street and the Memorialization of the Bitcoin Genesis block.

Without Skin in the Game, incentives become misaligned to print now like an addict, and kick the can down the road to borrow hundreds of trillions from future generations.

Yet, these governments have gotten us to where we are today, and we are thankful.

Yesterdays' governments needed to solve many problems without the tools and technologies available today. Can we really blame grandpa for doing the best possible with only a cane as a tool?

Governments have lasted centuries in slower moving times.

The systems created today too will be built with centuries in mind, yet more flexible and adaptable for faster-moving times.

7) Sustainable Economics for Value Contributors

One debate between Capitalism and Communism goes:

"The capitalists accrue all the capital, leaving not enough for the bottom-of-the-rung folks, and the capitalists respond with: 'however, that capital is efficiently and productively allocated so that a rising tide lifts all boats with more goods and services available to all at lower and lower prices.'"

From the Gilded Age (with Robber Barons) to the subsequent Populist Response (a balancing act seen repeatedly throughout history across Earth), we have seen the concentration of wealth and capital in the hands of a few, fomenting the resentment of the many.

In juxtaposition to today's regulatory attacks on corporations in pursuit of anti-trust and stimmying power accrual, crypto products face the continual threat of forks, vampire attacks, and "zero fees with a potential fee switch with a new token." (e.g. Sushiswap, Blur, etc.).

This new crypto game theory and "race to the bottom in fees" hit creator token royalties as well.

People flow toward where they are rewarded for the value they create. Where they can earn (and spend) the most for their effort without the threat of a vampire attack around the corner or continual dilution via inefficient inflationary printing.

While open-source code is a net positive since learnings and forkability are globalized, we believe the appropriate set of incentives are somewhere in between traditional regulated capitalism and new cryptoeconomics with sustainable economics for value creators.

8) Principle of Subsidiarity

Subsidiarity is a principle of social organization that holds that social and political issues should be dealt with at the most immediate or local level that is consistent with their resolution.

Simply put, disagreements and decisions ought to be addressed in the most efficient manner with the least possible relevant parties while accounting for downstream implications.

Hence we believe network economies ought to be semi-sharded and governed by local networks (similar to the US Protocol design of Federal and State-Subsidiary governance & economic model)

A Global Shared state machine ought to benefit from local meritocracy and governance where it makes sense, and Federal intervention where it makes sense.

9) Freedom & Sovereignty

The balance of power between groups, classes, and individuals can be seen throughout stories, movies, lores, mythology, theology, and history.

What is the right balance?

We believe open market-based and voting-based systems that can incorporate the information and preferences of as many participants as possible is the best way forward.

While this may sound like a bottom-up Hayekian approach, we believe crypto enables top-down setting based on bottom-up voting for a system's most important variables — where the governance participants are one and the same as the economic participants.

Hence, crypto allows for an eradication of the "Elites" governing the "People" and the separation of the "Governors" and "Governed," if it is paired with a merit-based form of a[4] Proof of Contribution: Attribution (Request for Cores, RfCs) and voting.

Unlike meatspace where it is difficult to move to another country or city, in cryptospace, it is possible to gather some friends and folks and fork into creating a new digital planet - if you don't like the way things are run in your current digital planet.

This doesn't necessarily mean you and your friends will run things better, but at the very least, you have the viable option to.

This freedom to move your social circle and your value can lead to more balanced and honest governance.

While a counterargument could be that today's traditional socioeconomic systems also "reward those who create more value and generate more returns" who can then participate in governmental public roles and positions — we believe there are substantive improvements that can be made by removing the false separation of the People and the Governors - with better accessibility, transparency, attribution, measurability, and awards.

10) Intelligent Systems

We begin with the position that a digital economy on a shared state machine will outperform other economic systems along with better governance.

This is not the same as saying technology == good; however, we do think that "a more perfect meritocracy" is "good."

Inherently actions taken on a blockchain are visible to anyone who may wish to inspect.

Actions and impact (current and retrospective) are measureable.

Due to their global accessibility, worldwide economic actors may build, vote, and participate permissionlessly.

Individuals and groups performing economic actions within a collective intelligence that can be aware of and adapt everywhere across "all state, all at once" can regulate and govern economic activity better.

So what is an intelligent system?

It is a system that is more aware, more transparent, more measurable, more accessible, and better at attributing, measuring, and awarding value creation to attract more value creators and accelerate value creation.

And how is value creation measured?

Via an ecosystem's taxable GDP and rolling-average aggregated market capitalization from buys and sells on open markets for tradeable items (with minimized market manipulation and governmental intervention) that act as a voting machine in the short run but a consensus weighing machine in the long run.