To Adapt is to Innovate
Last updated
Last updated
Individual-centric DAC, with its smart contract mechanisms, can create group mind like virtual organizations – you can also think of them as decentralized businesses. The first-gen blockchains can’t do this because of their rigid, inflexible on-chain mechanism design. They have primitive liveness[14] but lack the kind of adaptive capability like a living organism. Metis DAO acquired the ability to adapt because it can build virtual organizations by spreading the “genes” of those decentralized businesses through individual-centric DAC. This resembles the mode of self-replication of living organisms – the replication unit is the individual but the distinct features exhibited are with the group of individuals (DAC). We can perhaps build an compelling analogy using biology: smart contracts replicated from node to node (individual to individual) across the blockchain network is like genes spread by cell replication, and those smart contract mechanisms are analogous to genetic materials (e.g., DNA) — genotype⁴⁶; the characteristics exhibited by DAC operated by those smart contract mechanisms are like the phenotype⁴⁷ of a living organism.
Translate the above biological analogy back to the socioeconomic realm we realize that adaptation in the socioeconomic sense is what we call innovation. Therefore, to adapt is to innovate, so to speak. And the Metis Way is the next evolution step beyond first-gen blockchain’s primitive liveness – we call it adaptive liveness.
Innovation is what we discussed earlier as the upward causal link in an economy from the ground / micro level toward the macro level in an economy – the blockage of such causal link affects the vitality / health of that economy – as is the case for our centralized economy[11]. Innovation in the decentralized blockchain economy, however, will be able to avoid the economic blockage problem[11] because of blockchain unity[16] – yet the road to this capability has taken us over a decade to get here: we have overcome and broken the blockhain
(cont.)
⁴⁴ and
⁴⁵ See (Wikipedia) and (DeFi) (Ethereum.org).
⁴⁶
⁴⁷
_________________________________________________18_________________________________________________
(cont.)
scalability curse and acquired functionality parallelism through Rollups, and finally Metis Way’s individual-centric DAC for the ability to adapt and innovate. For the first time in blockchain history, we can now build vast heterogenous functionality[7] on-chain (unity) for a truly vibrant blockchain economy / ecosystem – the DAC economy.
Now we have gone through quite extensively on the whys of DAC economy in Part II, we shall shift to talk more about the hows – e.g., mechanisms – in Part III.