Business

I own everything, have total privacy and life has never been better

This is a parody of the article released from the World Economic Forum entitled “Welcome to 2030. I own nothing, I have no privacy and life has never been better.”

Welcome to Mars. Welcome to my city, or should I say “our city” because, like every other resident, I am a part owner. No, I don’t mean “shareholder” as this is not a dystopian future run by private companies. My city on Mars has a decentralized government structure, just like Greater Mars. It is neither a corporation nor a militarized state. It is a set of institutions directly governed by the people.

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As a result of this system, we have a police force that spreads peace instead of violence. We have financial systems that spread prosperity instead of creating poverty. We have open instead of closed and transparent instead of secret institutions, which makes corruption practically impossible. Our institutions are bottom-up and people-driven, rather than top-down and authoritarian.

This may seem strange to you if you live in a world where you cannot afford a home, proper health care, or quality education. Where a tiny number of people hold incredible power that leads to widespread corruption, even in supposedly “free and open” countries. That’s because you live in a centralized world. You have two options: centralized private companies or centralized governments with a monopoly on the use of force. We, on the other hand, live in a decentralized city and in a decentralized world.

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Decentralized Government

In our world, it makes perfect sense for everyone to say they own everything. Every product and service, at least the most important ones, are provided by a decentralized organization – an organization that is not controlled by any person or group and in which anyone can buy an interest. Of particular importance are the organizations, such as estates, for which the constitution requires a one-person one vote. This means that simply by residing in that organization’s territory, you will receive an equal share in that organization with everyone else.

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Our basic needs are not simply met; We live in a plentiful world thanks to technology far beyond what you have on earth. Because on Mars, all technology is open source, which means there is incredible competition to create new and innovative solutions, but participation also remains accessible to every single citizen. All of this is made possible thanks to an advanced financial operating system that arrived in 2022 and allowed people to benefit from the development of open source software. That year, software (itself open source) was released that made a peer-to-peer (P2P) economy system with no barriers to entry available to everyone for free and quickly went viral.

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Fee-free smart contracts

The fundamental element of this system was fee-free and extensible smart contracts. If you think about it, all of our interactions and exchanges, whether written, verbal or implied, are governed by contracts. Even money itself is just a contract between the citizen and the state to provide a stable medium of exchange.

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Previous versions of these “blockchain networks” had been released, but they were often very energy-waste (which is not appropriate for the Martian economy) and required people to pay fees for every little thing they did. Imagine if we wanted to allow citizens to vote in popular elections on a blockchain so we could eliminate voter fraud. Forcing citizens to pay to vote would erect unacceptable barriers to participation, and forcing the government to bear those costs would only diminish the capital available to provide valuable services to its citizens. These issues aside, the more this platform would be used, the more energy it would waste, and energy is a precious commodity on Mars.

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However, this new platform was completely fee-free and highly efficient. Smart contracts that allowed people to cast votes, make different types of money, and even share their thoughts publicly could all be created and used for free. Just as the fee-free nature of the internet had opened creative space for a whole new universe of products and services – even whole new business models – so the fee-free nature of this blockchain opened a similar creative space for an infinite variety of new solutions that are fueling the technological revolution advanced on Mars.

While SpaceX obviously sparked Mars’ initial growth phase by transporting its early inhabitants, it was this blockchain that enabled those inhabitants to establish an entirely new socio-economic system, leading to an explosion in productivity while increasing personal freedom and privacy .

But see for yourself by boarding the next Starship flight to Mars!

The views, thoughts, and opinions expressed herein are solely those of the author and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Andrew Levin is CEO of Koinos Group, a team of industry veterans accelerating decentralization through accessible blockchain technology. Their core product is Koinos, a free to use and infinitely extensible blockchain with universal language support.