Proof of Stake

Curated on Posted on by Stefaan Verhulst

Book by Vitalik Buterin and edited by Nathan Schneider: “The ideas behind Ethereum in the words of its founder, describing a radical vision for more than a digital currency—reinventing organizations, economics, and democracy itself in the age of the internet.

When he was only nineteen years old, in late 2013, Vitalik Buterin published a visionary paper outlining the ideas behind what would become Ethereum. He proposed to take what Bitcoin did for currency—replace government and corporate power with power shared among users—and apply it to everyday apps, organizations, and society as a whole. Now, less than a decade later, Ethereum is the second-most-valuable cryptocurrency and serves as the foundation for the weird new world of NFT artworks, virtual real estate in the metaverse, and decentralized autonomous organizations.

The essays in Proof of Stake have guided Ethereum’s community of radicals and builders. Here for the first time they are collected from across the internet for new readers. They reveal Buterin as a lively, creative thinker, relentlessly curious and adventuresome in exploring the consequences of his invention. His writing stands in contrast to the hype that so often accompanies crypto in the public imagination. He presents it instead as a fascinating set of social, economic, and political possibilities, opening a window into a conversation that far more of us could be having…(More)”.

How to Make an Entrepreneurial State: Why Innovation Needs Bureaucracy

Curated on Posted on by Stefaan Verhulst

Book by Rainer Kattel, Wolfgang Drechsler and Erkki Karo: “A ground-breaking account which shows how the public sector must adapt, but also persevere, in order to advance technology and innovation

From self-driving cars to smart grids, governments are experimenting with new technologies to significantly change the way we live. Innovation has become vitally important to states across the world.

Rainer Kattel, Wolfgang Drechsler and Erkki Karo explore how public bodies pursue innovation, looking at how new policies are designed and implemented. Spanning Europe, the USA and Asia, the authors show how different institutions finance new technologies and share cutting-edge information. They argue for the importance of ‘agile stability’, demonstrating that in order to successfully innovate, state organizations have to move nimbly like start-ups and yet ensure stability at the same time. And that, particularly in the light of the Covid-19 pandemic, governments need both long-term policy and dynamic capabilities to handle crises.

This vital account explores the complex and often contradictory positions of innovating public bodies—and shows how they can overcome financial and political resistance to change for the good of us all…(More)”.

Breakthroughs in Smart City Implementation

Curated on Posted on by Stefaan Verhulst

Book edited by Leo P. Ligthart and Ramjee Prasad: “Breakthroughs in Smart City Implementation should give answers on a wide variety of present social, political and technological problems. Green and long-lasting solutions are needed in coming 10 years and beyond on areas as green and long lasting solutions for improving air quality, quality of life of residents in cities, traffic congestions and many more.Two Conasense branches, established in China and in India, report in six book chapters on initiatives needed to overcome the obvious shortcomings at present. Three more chapters complete this fifth Conasense book: an introductory chapter concerning Smart City from Conasense perspective, a chapter showing that not technology but the people in the cities are most important and a chapter on recent results and prospects of “Human in the Loop” in smart vehicular systems…(More)”.

Another World Is Possible: How to Reignite Social and Political Imagination

Curated on Posted on by Stefaan Verhulst

Book by Geoff Mulgan: “As the world confronts the fast catastrophe of Covid and the slow calamity of climate change, we also face a third, less visible emergency: a crisis of imagination. We can easily picture ecological disaster or futures dominated by technology. But we struggle to imagine a world in which people thrive and where we improve our democracy, welfare, neighbourhoods or education. Many are resigned to fatalism—yet they desperately want transformational social change.

This book argues that, although the threats are real, we can use creative imagination to achieve a better future: visualising where we want to go and how to get there. Political and social thinker Geoff Mulgan offers lessons we can learn from the past, and methods we can use now to open up thinking about the future and spark action.

Drawing on social sciences, the arts, philosophy and history, Mulgan shows how we can recharge our collective imagination. From Socrates to Star Wars, he provides a roadmap for the future….(More)”.

Decisions Over Decimals: Striking the Balance between Intuition and Information

Curated on Posted on by Stefaan Verhulst

Book by Christopher J. Frank, Paul F. Magnone, Oded Netzer: “Agile decision making is imperative as you lead in a data-driven world. Amid streams of data and countless meetings, we make hasty decisions, slow decisions, and often no decisions. Uniquely bridging theory and practice, Decision over Decimals breaks this pattern by uniting data intelligence with human judgment to get to action – a sharp approach the authors refer to as Quantitative Intuition (QI). QI raises the power of thinking beyond big data without neglecting it and chasing the perfect decision while appreciating that such a thing can never really exist….(More)”.

The Technology Fallacy

Curated on Posted on by Stefaan Verhulst

Book by Gerald C. Kane, Anh Nguyen Phillips, Jonathan R. Copulsky and Garth R. Andrus on “How People Are the Real Key to Digital Transformation:..

Digital technologies are disrupting organizations of every size and shape, leaving managers scrambling to find a technology fix that will help their organizations compete. This book offers managers and business leaders a guide for surviving digital disruptions—but it is not a book about technology. It is about the organizational changes required to harness the power of technology. The authors argue that digital disruption is primarily about people and that effective digital transformation involves changes to organizational dynamics and how work gets done. A focus only on selecting and implementing the right digital technologies is not likely to lead to success. The best way to respond to digital disruption is by changing the company culture to be more agile, risk tolerant, and experimental.

The authors draw on four years of research, conducted in partnership with MIT Sloan Management Review and Deloitte, surveying more than 16,000 people and conducting interviews with managers at such companies as Walmart, Google, and Salesforce. They introduce the concept of digital maturity—the ability to take advantage of opportunities offered by the new technology—and address the specifics of digital transformation, including cultivating a digital environment, enabling intentional collaboration, and fostering an experimental mindset. Every organization needs to understand its “digital DNA” in order to stop “doing digital” and start “being digital.”

Digital disruption won’t end anytime soon; the average worker will probably experience numerous waves of disruption during the course of a career. The insights offered by The Technology Fallacy will hold true through them all….(More)”.

Voices in the Code: A Story about People, Their Values, and the Algorithm They Made

Curated on Posted on by Stefaan Verhulst

Book by David G. Robinson: “Algorithms–rules written into software–shape key moments in our lives: from who gets hired or admitted to a top public school, to who should go to jail or receive scarce public benefits. Today, high stakes software is rarely open to scrutiny, but its code navigates moral questions: Which of a person’s traits are fair to consider as part of a job application? Who deserves priority in accessing scarce public resources, whether those are school seats, housing, or medicine? When someone first appears in a courtroom, how should their freedom be weighed against the risks they might pose to others?

Policymakers and the public often find algorithms to be complex, opaque and intimidating—and it can be tempting to pretend that hard moral questions have simple technological answers. But that approach leaves technical experts holding the moral microphone, and it stops people who lack technical expertise from making their voices heard. Today, policymakers and scholars are seeking better ways to share the moral decisionmaking within high stakes software — exploring ideas like public participation, transparency, forecasting, and algorithmic audits. But there are few real examples of those techniques in use.

In Voices in the Code, scholar David G. Robinson tells the story of how one community built a life-and-death algorithm in a relatively inclusive, accountable way. Between 2004 and 2014, a diverse group of patients, surgeons, clinicians, data scientists, public officials and advocates collaborated and compromised to build a new transplant matching algorithm – a system to offer donated kidneys to particular patients from the U.S. national waiting list…(More)”.

Crowdsourced Politics

Curated on Posted on by Stefaan Verhulst

Book by Ariadne Vromen, Darren Halpin, Michael Vaughan: “This book focuses on online petitioning and crowdfunding platforms to demonstrate the everyday impact that digital communications have had on contemporary citizen participation. It argues that crowdsourced participation has become normalised and institutionalised into the repertoires of citizens and their organisations. 

To illustrate their arguments the authors use an original survey on acts of political engagement, undertaken with Australian citizens. Through detailed interviews and online analysis they show how advocacy organisations now use online petitions for strategic interventions and mobilisation. They also analyse the policy issues that mobilise citizens on crowdsourcing platforms, including a unique dataset of 17,000 petitions from the popular non-government platform, Change.org. Contrasting mass public concerns with the policy agenda of the government of the day shows there is a disjuncture and lack of responsiveness to crowdsourced citizen expression. Ultimately the book explores the long-term implications of citizen-led change for democracy. ..(More)”.

Top-Down and Bottom-Up Solutions to the Problem of Political Ignorance

Curated on Posted on by Stefaan Verhulst

Chapter by Hana Samaržija and Quassim Cassam: “There is broad, though not universal, agreement that widespread voter ignorance and irrational evaluation of evidence are serious threats to democracy. But there is deep disagreement over strategies for mitigating the danger. ‘Top-down’ approaches, such as epistocracy and lodging more authority in the hands of experts, seek to mitigate ignorance by concentrating more political power in the hands of the more knowledgeable segments of the population. By contrast, ‘bottom-up’ approaches seek to either raise the political competence of the general public or empower ordinary people in ways that give them better incentives to make good decisions than conventional ballot-box voting does. Examples of bottom-up strategies include increasing voter knowledge through education, various ‘sortition’ proposals, and also shifting more decisions to institutions where citizens can ‘vote with their feet’.

This chapter surveys and critiques a range of both top-down and bottom-up strategies. I conclude that top-down strategies have systematic flaws that severely limit their potential. While they should not be categorically rejected, we should be wary of adopting them on a large scale. Bottom-up strategies have significant limitations of their own. But expanding foot voting opportunities holds more promise than any other currently available option. The idea of paying voters to increase their knowledge also deserves serious consideration…(More)”.

Reorganise: 15 stories of workers fighting back in a digital age 

Curated on Posted on by Stefaan Verhulst

Book edited by Hannah O’Rourke & Edward Saperia: “In only a decade, the labour market has changed beyond all recognition – from zero-hour contracts to platform monopolies. As capitalism has re-created itself for the digital age, so too must the workers whose labour underpins it.

From a union for instagram influencers to roadworkers organising through a Facebook Group, former WSJ journalist Lucy Harley-McKeown takes us on a journey to discover how workers are fighting back in the 21st century…(More)”.