Digital Economy: The Next Circumstance of Digital Social Evolution

What is the most basic element of human society? It is an exchange. Today's biological research shows that, about 70,000 years ago, in addition to our wise men, there are many ancient races including erectus. Homo sapiens are very weak species in mammals. No matter the strength or speed, human beings can only rely on social cooperation to survive in the harsh natural environment.

The basic resources for human survival are obtained through social exchange. For example, a man is good at hunting, a woman is good at weaving, and they need to exchange necessities to better adapt to the environment. This is: exchange. With the advancement of human technology, the social form is constantly changing. But no matter how it changes, human society must complete two basic exchanges: the exchange of information and the exchange of materials.

The exchange of information is the basis of material exchange. Because the exchange must be negotiated, and the exchange object cannot be seen or contacted, it cannot be exchanged. The size of society depends on the efficiency of communication between people. In the past human society, the boundaries of evolution depended on the constraints of vehicles and communication tools. So human society gradually experienced tribes, villages, city states and even countries from the earliest families.

The Internet, which was born in the 1970s, expands the boundaries of people's information exchange. The exchange of information in human society has never been more efficient. People can realize the exchange of information at the speed of light through Internet tools. According to statistics, more than half of the world's population has access to the Internet, and the Internet economy accounts for more than 5.5% of the G20's GDP. The Internet is the next form of human social evolution, and the largest social form in the history of mankind. From this, human beings move from the real society to the digital society era.

Exchange of materials The second basic exchange of human society is the exchange of materials. With the increasing supply of materials and the growing social boundaries, the exchange of n*(n-1) in barter has made it difficult to meet the production relations of society. So people naturally think of using a well-recognized commodity as an intermediate exchange, which is the origin of money.

Early experience of common commodities such as shells, sheep, cattle, ore, but these productions are not stable, and is not conducive to segmentation. Soon, humans chose a metal that is easy to mine, stable in production, stable in nature, and easy to divide. When gold acts as a currency, exchanges are frequent and efficient. However, due to the limited nature of gold, it will inevitably lead to a rise in the price of gold, which requires a smaller division. When gold is difficult to divide into one thousandth and one ten thousandth, it can be divided into smaller divisions by mixing other metals. Therefore, metal currency appears, and copper coins are typical representatives.

With the evolution of society, metal money is increasingly showing its inconvenience. Think of a big business that requires a cow-drawn carriage to transport the spectacular scenes of money. So people have skillfully designed the paper-based generation of silver tickets. currency. This kind of token is still gold in essence, but it is similar to a piece of borrowing. Although it is a small evolution, it provides great convenience for trading. Even later, modern currency, pounds and dollars were produced. Until the 1970s, the rapid development of the global economy, the existing gold standard currency system has been unable to meet the needs of social exchange at that time, so the US dollar officially abolished the gold standard. The dollar at this time is really just a piece of paper, but the contemporary economy is based on this banknote system. In the era of the Internet, banknotes can no longer meet the exchange of materials in the Internet, so there is the electronicization of banknotes. Please note that this electronic process can be analogized to the silver corresponding to the silver ticket at the time, and the morphological changes are well adapted to the efficiency of capital transfer within the Internet. With the continuous expansion of the Internet society, Internet economic exchanges have become increasingly frequent.

In the Internet, there is no limit to national boundaries, but electronic legal currency has national boundaries. The existing electronic legal currency system has gradually leaked out its limitations. Therefore, in the Internet society, there will inevitably be a step similar to the year when banknotes are separated from gold. The electronic currency is completely separated from the banknotes. This is the digitalized currency. .

Evolution of Digital Currency On November 1, 2008, a man named Satoshi Nakamoto released a paper "Bitcoin: A Peer-to-Peer Electronic Cash" (Bitcoin: A Peer-to-Peer Electronic Cash) System), which is now recorded as the first year of digital currency.

Inspired by Bitcoin, various competition coins have sprung up. Including: Litecoin (LTC), Ethereum (ETH), Dash (DASH) and so on. Different types of coins or tokens reflect the evolution of digital currency. Perhaps coincidentally, this dimension corresponds to the logic of biological evolution: the earliest single-celled creatures should be just one, and then similar single-celled creatures must also appear in tens of thousands, each with its own differences (this It is the evolution of the first latitude). There will also be mutations in the process of cell division, some mutations will be eliminated, and some mutations will be selected. This evolution similar to bifurcation is similar to the evolution of the second latitude; eventually, two single-celled organisms are naturally selected. It forms the basis of the rich and colorful world of biology, which is eukaryotes and prokaryotes. Subsequent evolution was carried out on multicellular organisms composed of eukaryotes, which corresponded to the evolution of this latitude.

The market of digital currency also follows the law of evolution and the survival of the fittest. From this perspective, various differences and changes are inevitable on the evolutionary path of digital currency. Who can become the future, who can become history, only the market has the final say. Just like biological evolution, I don't think there will be a certain currency that evolves to be extremely complex, but rather a combination of simple coins or multiple layers of simple technology into a complex digital currency. Similar to eukaryotes, multicellular organisms have evolved due to the presence of nuclei.

Is there a similar situation in digital currency? This is the case with ETH's smart contract. Smart contracts can carry a myriad of possible combinations. Of course, the smart contract mentioned here is not necessarily ETH, but one day the entire digital currency system will stop the evolution of the currency (main chain), choose the most stable stay, and then combine or layer in the chain. Application has evolved a colorful digital financial world.

The development of the digital economy is accompanied by the continuous development of the human digital society (the Internet), and people can almost move all exchange activities in the real society to the digital society. At present, the exchange of information can be done at the extreme (speed of light), and the exchange of money, money and assets can also be achieved (light speed). However, there is still one exchange left, still subject to the circle of the real society, that is, the essence of exchange is the exchange of goods, and the exchange of goods is also limited by the speed limit of cars, trains, planes, and ships. In the evolution of logistics, digital products have actually reached the extreme (speed of light). For example, we exchange a song, exchange a movie, exchange a software product... Then, can we digitalize the physical product? To achieve the ultimate speed of trading? The answer is yes. At present, the technology with the highest probability of achieving it is 3D printing technology. If the 3D printing technology reaches the molecular level control, theoretically all the current products can be printed.

At that time, the total logistics of digital economic activities will become the data of transmission production, and the products will be printed on the spot by 3D printing technology, which realizes the ultimate in production and logistics (speed of light). In addition to the digitalization of physical goods and logistics, in the current economic model, there is still a link that has not evolved to the extreme, that is, the creative production process. Because this process needs to condense human wisdom and labor. The music that currently includes numbers also requires a lot of energy and time from the creators, and still does not reach the extreme. Perhaps artificial intelligence (AI) can give us an answer in this direction. When AI evolves to a certain extent, it can theoretically complete the product design and research and development that human beings can accomplish through artificial intelligence, and finally achieve the ultimate goal of creativity (speed of light). .

In summary, we can boldly imagine a future digital economic and social model. The founder of the company has an idea and idea to show their ideas and ideas to the capital owners through Internet communication, then raise the digital funds through the smart contract of the project, and the smart contract automatically fulfills the contract to pay the digital assets to the AI through the Internet of Things. Platform, which generates production data through the development of resources. Consumers pay digital currency to purchase goods through the Internet's business intelligence contract, and the smart contract automatically fulfills the contract to send the production data to the 3D printer of the ordering consumer, and the product is automatically printed by the 3D printer. At the same time, the smart contract automatically distributes the consumer's payment to the founder, the shareholder (in accordance with the proportional address of the digital token owned) and the taxation agency.

At this point, the ultimate blueprint for the evolution of a digital economy and society is present, and all actions of human society exchange have reached the extreme (speed of light). Maybe we don't know when this day will come, but fortunately we are already at the door of the times.

Article classification: NEWS
Portman Foundation(BTMM)
Address: 158 BEACH ROAD #14-03 GATEWAY EAST SINGAPORE (189721)
Official customer service