Сreative Сommunities in Space and Crypto Give Shape to Future Social System

  • Aliya Prokofieva
    ⭐ Features

    Equality based on trust and mutual respect is a viable prototype of democracy 2.0

Сreative Сommunities in Space and Crypto Give Shape to Future Social System
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Aliya Prokofieva is founder of the international space company “Galaktika,” space exploration visionary and active public speaker. She writes for U.Today on the cutting edge tech and disruptive projects that may change the life of billions of people.

Whatever sociologists say about the growing popularity of individualism in the modern world, man was, is and will be a social being. Without denying the importance of individual genii, it is necessary to recognize: it is collective actions that ensure the progressive development of our civilization.

A notable phenomenon of modern social life is communities, the new forms of social groups that Thomas Hobbes defined as "a certain number of people united by a common interest or common cause." Compared with formal teams, they are much more effective and mobile, more focused on the outcome, and reveal the individual capabilities of participants better. It is communities that have all the chances to become a link between the traditional forms of social order that prevail today and those that will replace them in the future.

Working in various projects, I was able to observe the activities of such communities and identify the criteria that they must meet in order to become successful.


What makes communities effective

Here are the conclusions I came to:

1. The community needs a goal.

It does not matter what it will be: taking care of homeless animals or finding solutions to the Navier-Stokes equations. The main thing is that

a) it is clear and concrete,

b) it had high value for a certain circle of people.

Communities without a goal or with unclear targets are not viable- this is easily seen from the example of today's Internet. Instead of interested participants, they attract a crowd of trolls, ready to kill any idea. The exchange of views on such sites quickly gets sidetracked from the means of achieving the goal itself. The result is a massive outflow of capable members and the sudden end of the community.

2. Community members should be associated with joint activities.

Groups, united by the exchange of information or the discussion of common interests, have the right to exist, but they look like blank cartridges: from what they are, the surrounding world is neither hot nor cold. Here everything is simple: if nothing is done, nothing will happen.

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3. Community activities should be of public benefit, i.e. not limited to solving the personal problems of its participants, but to project the result into an external society.

The more people outside the community that feel the positive effect of his work, the higher is his social value.

For example, the social significance of a group of volunteers who decided to equip the courtyard of an apartment building will be limited to the circle of its tenants. However, if after this, volunteers take care of neighboring yards, attract new participants, embrace other areas, they will soon become a significant public force citywide.

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4. The task of a result-oriented community is not to suppress, but to promote the individuality of participants.

Equalization in such social groups is similar to death: it sharply reduces the level of responsibility of members of the collective. As a consequence, the effectiveness of joint activities will be zero. The maximum benefit to the community will come from a participant who can say to himself: this is mine, here I will be able to realize my abilities to the maximum and get a worthy reward (not necessarily material).

5. Full participation in decision-making is a distinctive feature of a properly organized community.

Social groups built on a tight vertical of power have no future. In the modern world, fewer people are ready to be content with the role of a pawn in another's game. A joint search for the right solution; the ability to listen and adequately assess points of view that are different from one's own; the willingness to accept a collective verdict, even if it does not agree with their ideals, is a consistent step on the road to a new type of democracy.

6. Trust is the ultimate catalyst for any community.

Communities in the past had to live, and many still do, on platforms that are not transparent in how they operate and the commoditization is obfuscated. Decentralization and the Blockchain technology are changing that. Blockchain transparency is what will shoot communities to the next level. The essence of the immutable ledger is that your every action is always yours. The Blockchain is for you, the individual. This forms trust. There are projects like U°Community that build a transparent community platform with dynamic reputation.

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The "Ether" orbital city

These considerations were fully taken into account when forming a group of like-minded people united by the idea of ​​creating the orbital city "Ether.” The result was a project that met all the criteria of a successful community, which could well become the prototype of a new model of social structure.

First, it has a well-defined goal, understandable to the participants and having a significant value for them. The idea of ​​creating a city in orbit with a population of several tens of thousands, equipped with an autonomous life support system and its own biosphere, is a powerful unifying force.

Secondly, the "ethereal" community is capable: it includes many high-level professionals competent with various fields of knowledge. But even more enthusiasts, keen on the grandiosity of the goal and ready to learn in the process of achieving it, improve themselves and make a feasible contribution to the common cause.

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Thirdly, the community's activities have a high social value: its result will be a breakthrough not only for the participants but for the entire population of the Earth. The engineering and social technologies obtained in the process of working on the project will become the property of not a narrow group of people, but all of mankind, and will bring the day when we begin to consider outer space as our second home closer.

Fourth, the scale and level of complexity of the tasks to be solved are such that there is space for self-realization for everyone. The theoretical physicist and engineer-designer, power engineer and biotechnologist, space designer and city manager- practically any professional experience multiplied by the ability to generate non-trivial ideas, will be in demand and appreciated.

And, finally, at all stages of joint activities, from the development of the concept to the full settlement of the station, key decisions affecting the future of the "Ether" are done collectively. Each member of the community has the right to vote, and every voice will be heard. Equality based on trust and mutual respect is a viable prototype of democracy 2.0.

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Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?

  • Yuri Molchan
    ⭐ Features

    Stablecoins show hardly any volatility compared to Bitcoin and altcoins, many are hoping that they will be able to bridge new crypto economy and regular fiat money

Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?
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Bitcoin, the father cryptocurrency, emerged in hope that it will remove all intermediaries in electronic commerce that cut off their share of payments. BTC was perceived as a P2P way to replace fiat cash in an electronic format, which would enable one party to pay another without any financial institution or payment platform which would demand its share of a transaction as a reward for its services.

What is wrong with Bitcoin

For quite a while Bitcoin was performing the way the crypto community expected. But the situation changed later – BTC rate became weaker, thus bringing down its financial and economic reliability, when it gets to be used as a regular means of payment.

You cannot have a currency that would cost like a British castle today, a gram of gold – tomorrow and a pack of French fries the day after.

At that point practical fintech minds came up with an idea of creating something which would become a breakthrough in the universe of crypto – a so-called stablecoin.

Will stablecoins solve the volatility problem?

Technically, stablecoins are protected from the volatility roller-coaster that Bitcoin and other cryptos love to ride. They are programmed to keep their prices stable and investors now are largely attracted to this new type of digital assets.

Stablecoin does not show any volatility in its monetary value, since it has a fixed connection to an asset it is pegged to. The major goal of using stablecoins is taking the best from decentralized crypto coins and combining it with a constant value. Thanks to it, stablecoins can be used as a reliable means of trade.

Asset-pegged stablecoins

Asset-backed ones get their value from an asset as can be understood from the name. An asset provides the necessary value to a coin, as well as the necessary legitimacy.

A great example of an asset-pegged stablecoin is Tether (USDT). In spite of a series of scandals at the end of last year, it remains the most popular stablecoin in the crypto market.

Recently, it has partnered with the Tron Foundation to launch a Tron-based stablecoin.

Other examples are TrueUSD (TUSD), USD Coin (USDC), the Gemini Dollar (GUSD), and the Paxos Standard (PAX). They are all pegged to the USD.

Crypto-backed stablecoins

Some digital coins work in a similar way to fiat-backed ones, however, they are pegged to collateral crypto. That means that crypto assets that ensure the value of such stablecoins are stored in a wallet similar to escrow.

A good example of a crypto-pegged token is Maker, which is ranked 16 on CMC.

Algorithmic stablecoins

Even though, stablecoin can be interesting at first thought but the way they are built goes against the principle of decentralization that crypto coins have as a foundation. Thus, many crypto fans and evangelists are positive that stablecoins must be linked towards not a centralized asset but a computer algorithm which takes value from a balance between supply and demand.

Basis is now considered the most promising algorithmic stablecoin of all.

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Can stablecoin ensure smooth future for the crypto industry?

The primary goal of all crypto assets was and remains to come up with virtual asset that would be liquid enough and not vulnerable to market volatility. From this point of view, stablecoins are a dream of all crypto fans and evangelists of a decentralized economy.

Apart from the potential to conduct crypto transactions smoothly, experts believe it can bridge the two worlds – fiat and crypto, bringing them a mutually beneficial coexistence. However, that may take time.

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