Quotable (#79)

Melanie Swan on money-intelligence convergence (Capital teleology) and blockchain technologies:

Consensus mechanisms could be reinvented, moving from a proof or work or proof of stake model as are the current industry standards for cryptocurrencies, to other consensus mechanisms like proof of intelligence. This could be for higher-level blockchain thinking smartnetwork operations rather than simple transaction recording. In one way, proof of intelligence could serve as a reputational qualifier; as a proof of ability to participate. In another way, proof of intelligence could be an indication that some sort of ‘mental’ processing has taken place. For example, a new concept, idea, association, or knowledge element has had to have been generated to provide the skin-in-the-game for the consensus, to demonstrate the miner’s bonafide status in registering the transaction and receiving the Mindcoin, Ideacoin, or other system token rewards. Proof of intelligence could be used in different ways as a reputational commodity in blockchain thinking networks.

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