Buterin began to realize that blockchain technology could serve as the foundation for something bigger than just currency.
The idea was to build an Internet-based organization, company, or entire economy that had never existed before.
So Buterin wrote about this.
His initial "Ethereum White Paper" (included in the appendix of this book) captured the attention of the cryptocurrency world upon its release.
In his white paper, he introduced a system that reduces reliance on traditional companies, investors, and laws, and increases the proportion of platform users.
Because Ethereum had a different philosophical foundation than Bitcoin, its culture was also different.
Ethereum culture was distinctly different from Bitcoin, which consumed symbols like gold, mines, and mining.
They used Buterin's favorite T-shirt designs, including robots, unicorns, and rainbows, as their platform mascots.
---From "Entering"

Using currency in this way is not a new idea.
'Social currency' (a type of local currency) used within a specific community has existed for over 100 years.
However, this peaked in the early 20th century and then declined for several decades, as social currencies were confined to narrow geographic areas and less efficient than established currencies like the dollar.
However, using cryptocurrencies eliminates these problems.
Cryptocurrencies are inherently global currencies, and their performance is enhanced by robust digital banking systems combined with source code.
So now may be the time for the social currency movement to be revived.
If social currency gains traction, it could become a powerful mainstream economic force.
Because now is a time when the influence of social currency is more likely to increase than in the 19th or early 20th centuries.

---From "Market Institutional Currency: A New Way to Incentivize"

Nowadays, to become a 'judge', you have to study hard, pass the exam, and be hired by the government.
In a cryptographic factum system, anyone with a public key and a computer with internet access can become a judge.
Not all judges need to be well-versed in the law.
For example, there could be a type of judge who could expertly determine whether a product was delivered correctly (perhaps a good fit for postal system employees).
Other judges may verify that the requirements of the employment contract have been met.
Others may assess damages for insurance contracts.
Choosing the appropriate type of judge will be a primary responsibility of the contract writer.
In a contract, only those parts that can be defined in computer code will be written in code.
That's all.
---From "Self-enforcing Contracts and Factum Law"

DAO is a unique organization in that its governance algorithm is completely open and transparent.
Even in a centralized, transparent organization, it is possible for outsiders to roughly understand the organization's nature, but even in a DAO, outsiders can actually see the entire source code of the organization.
Of course, the Dao is centered around people, and the source code that makes up their minds is unknown, but the organization's source code can be used to ensure that no matter who participates, they cannot deviate significantly from a specific goal.

---From "Super-rationality and Decentralized Autonomous Organization, DAO"

Proof-of-work works on the principle of generating massive power through large rewards.
Proof-of-stake secures through punishment, not reward.

---From "Design Philosophy in Proof of Stake"

The final reason decentralization is necessary is to make collusion, manipulation, and collusion difficult.
Logically, this argument is the most persuasive.

---From "The True Meaning of Decentralization"

In some countries, freedom of expression means more than just legal provisions.
Freedom of expression is a social principle.
And the fundamental goals of this social principle and the fundamental goals of the law are consistent.
The idea is to create an environment that encourages people to share ideas and adopt better ones, rather than simply allowing those in positions of authority to have only the ideas they like.
---From "On Freedom of Expression"

Let's take Uber as an example.
If Uber can set its own fares, charge drivers cancellation fees when they refuse rides, prohibit drivers from picking up passengers who don't use the app, and suspend or deactivate drivers' accounts, then Uber should be considered an employer.
When managing user data (personal information), you need to ensure that each customer raises a legitimate issue, assign someone to ensure compliance with regulations, and carefully consider whether to grant users access to download or delete their data.
---From "Control as Debt"

I think there's a very important principle at play here.
These principles will play a crucial role in how we create effective, liberty-friendly, fair, and inclusive institutions that will impact our lives.
The principle I've come to grasp is simple.
When creating mechanisms that produce impactful outcomes, it is important to build them on a foundation of trustworthy neutrality.
---From "Credible Neutrality as a Guiding Principle"

If a system is taken over by those who are harmful, those who reject it can come together and create an alternative version of the system.
This alternative version has most of the same rules as the original, except that it removes the power of colluding forces to attack and control the system.
Forking is very easy in an open software context.
But you have to get the justification you need to follow me.

---From "Cooperation, Good or Bad"

One of the common criticisms being leveled at the current 'Web 3.0' space is that 'everything is money-oriented'.
The practice of boasting about owning massive amounts of wealth and squandering it undermines the appeal and long-term sustainability of a culture centered around digital collectibles like NFTs.
But the world of NFTs has potential beyond monetary exchange, and it's worth exploring.
By "soulbounding" more assets across crypto, NFTs could move beyond simply being a tool to show off one's financial status and serve as a technology to express one's identity.

---From "Soulbound"