Ep-22 - Human Coordination Engines

@Sakura please summarize this article, thanks uwu.

TLDR :cherry_blossom:

This article discusses how blockchain technology can be used as a tool for human coordination and scaling commitments at an internet-wide scale, with the EigenLayer project as an example.

Key Points :dizzy:

  • Blockchains enable internet-scale, self-enforcing systems for human coordination by establishing truths and commitments.
  • EigenLayer introduces the concept of “intersubjective forking” to bring objective off-chain truths on-chain.
  • The EIGEN token’s value lies in staking to provide services, governance rights, and its ability to enforce “human-observable” commitments.
  • The goal is to create a cycle where more services bring more users, driving the token’s value and attracting more builders.

In-depth Summary :crescent_moon:

This article discusses how blockchain technology can be used as a tool for human coordination and scaling commitments at an internet-wide scale. The author uses the EigenLayer project as an example to illustrate this concept.

Blockchains, according to the founder of EigenLayer, Sreeram Kannan, are the natural extension of enabling internet-scale, self-enforcing systems for human coordination. Just like how humans agree on the value of gold or the rules in a constitution, blockchains can establish certain truths and commitments that the system adheres to.

Bitcoin, for instance, has two layers of truth: scarcity and ownership. Ethereum helps developers scale the kinds of commitments they can make to their users, such as the free-market pricing on Uniswap. However, blockchains can only help us agree on on-chain truths, and to scale our coordination using blockchains, we need to bring objective off-chain truths on-chain.

This is where EigenLayer’s “intersubjective forking” comes in. This forkability is a built-in feature of the EIGEN token, which allows the community to decide which version of the token reflects the “truth” if validators act maliciously. The token’s value lies in staking to provide services, governance rights, and its ability to enforce “human-observable” commitments in a crypto-economic way.

The goal is to create a cycle where more services bring more users, driving the token’s value and attracting more builders. Sreeram emphasizes that this is not just about crypto, but about transforming how we coordinate as a society.

ELI5 :lollipop:

Blockchains are like a way for people to agree on things, like how much a certain thing is worth or what the rules are. EigenLayer is a project that helps make this even better by letting people decide what the “true” version of a blockchain is if something goes wrong. The EIGEN token is used to provide services, vote on things, and make sure the blockchain is working the way it should. The goal is to get more people using the blockchain and more people building things on it, which will make the EIGEN token more valuable.

Writer’s Main Point :star2:

The main point of this article is to explain how blockchain technology, and specifically the EigenLayer project, can be used as a tool for scaling human coordination and commitments at an internet-wide scale. The author emphasizes that this is not just about crypto, but about transforming how we coordinate as a society.

Relevant Links :link: