June 18, 2023 • 45 mins
Join me as I delve into the fascinating nature of a hive and how it can teach us to create over-unity systems for human beings, with a focus on self-regulation and autonomy.
I also explore the potential of a hive-based economy to revolutionises the concept of universal basic income, providing unconditional access to resources that ensure the survival of each individual in perpetuity and harnessing the power of trust and collaboration while maintaining autonomy and individual sovereignty.
Lastly, I explore the future of hive mind technology and how it could impact our traditional economy and how we can approach the challenges of working with regulators in the crypto space.
Contact David Ding
Thanks for listening!
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Okay.
So this one is about the natureof a hive and the context I
want to look at this through ispertaining to a hive as an
economy and is something reallyquite profound in terms of the
way that it self-regulates,produces a surplus, holds
(00:24):
reserves, self-organises andreally holds a lot of hidden
keys to how human beings cancreate, you know, over unity
systems, systems that create asurplus, but specifically
(00:46):
systems that will fail unlessthe component parts cooperate
and collaborate, and theuniqueness of a hive, the thing
that I love about it the most isthat access to the reserves,
(01:07):
access to what's held in reserve, it's unconditional, so the
care of the individualcomponents within the hive is
assured and guaranteed as longas they are capable of helping
themselves.
That's absolutely crucial tounderstand because there are
(01:31):
components.
You know there is a mechanismwithin a hive for, you know,
promoting the strength of thegene pool.
You know, in terms of when itcomes to breeding and things
like that Quite fascinating infact, how they breed and the
(01:51):
competition for breeding andthings like that.
But the aspect of it that Ithink is profoundly underrated
is the content.
You know, i think a lot ofpeople write it off because they
see the hive as a singularitythat is controlling the agents.
(02:14):
But in truth, those agents areautonomous.
They're entirely autonomous,they're entirely sovereign,
they're entirely free, but, andso they're separate and
sovereign.
However, they have asingularity of purpose.
That singularity of purpose isfor the hive to thrive, for it
(02:43):
to survive, for it to haveadequate reserves so that
there's more than enough foreveryone to survive.
And when you bring a hive intothe context of a beekeeper, this
is where it's really profound,and this is this is, to me, what
completes this the circle inthat the beekeeper understands
(03:11):
the economy of the hive andtakes, if there's a stagnating
surplus or if there's too muchof a surplus or too much held in
reserve, then the beekeeperunderstands how much that it can
be, how much honey can be takenout without threatening the
(03:33):
survival of the hive andensuring that it can continue
being a wealth generatingvehicle.
And so here you have the idealstructure for an economy whereby
there's a unified intendedpurpose.
It's perpetually wealthgenerating.
The way that it organizesitself, it's self-organizing.
(03:55):
But there's no competition forsurvival.
The survival is guaranteed aslong as they figure out between
themselves how to cooperate andcoordinate and collaborate for
the betterment of the hive.
Now this is absolutelyessential.
(04:19):
This is absolutely essential.
Without cooperation andcollaboration.
Then, and there is competition.
Remember, there is competition,but they're not competing for
survival, they're competing foropportunities to go beyond And
(04:40):
this is what's criticallyimportant.
So, in context of the hive, alot of people dismiss it as a
legitimate vehicle because theyassume that there's a queen and
you relate this to the crown inNew Zealand The queen
(05:02):
representing the crown withultimate authority.
But that's actually not thecase.
There's a massive dependency onthe queen.
But if you were to personifythe queen in context of a human
economy, the queen wouldrepresent the issuer, the queen
(05:24):
would represent the issuer.
So in our formal economy now,the issuer being a central bank
and in a hive, the issuer is thequeen.
Now, in context of the queen,the rest of the hive worshipping
(05:50):
the queen.
The perspective that I can seeis that that role of the queen,
in terms of being the commanderof the hive, is that authority
is imbued into a constitutionthat is shared by everybody
(06:11):
involved, and this is where youhave perfect harmony of unity
and separation cooperation,collaboration, consolidated
(06:32):
intent, unified intent,distributed authority.
It's a perfect ternary systemAnd I talk about this a lot to
separate, the disentangling ofthe powers, the disentangling of
the will of each individualcomponent part so that they have
(07:00):
an individual voice, and thenthe unifying of that voice to
create the constitution and thenthe intentional, the willful
adherence to the constitution.
This is how you honor thesovereignty of everybody
(07:23):
involved.
And there you have theperfected over unity system, the
perfect ternary system,perpetually wealth generating.
All growth and enhancement tothe hive comes from a surplus,
never from a deficit.
The survival of every componentpart is guaranteed,
unconditionally, obligation free.
(07:44):
And when there's an over yieldor where there's an over
abundance, because abundance isnot beneficial in a wealth
generating system, there has tobe the abundance has to be
dependent upon cooperation andcollaboration.
So the incentive to creatediversity and interdependency
(08:15):
And you have perpetual wealth.
So it is a state of abundancebut it is lack is an accepted
truth of that system.
And the beekeeper when there issurplus, when there's an over
yield, then the beekeeper, thenthere is a donation made to the
(08:39):
beekeeper.
It's not willful on the part ofthe bees, i'm sure, but
nonetheless it's.
And this is the vehicle I'vealways seen, you know, in my own
over unity systems that I'vedesigned where there is an over
yield.
When there is stagnant surplus,it is devoted to obligation,
(09:04):
free, so that it can nourishsome other part of the system, a
greater part of the system.
But in truth, ideally it wouldbe to spawn another hive, and
I'm not sure whether this isactually how it happens with the
bees, but I'm sure this is whathappens when they outgrow a
(09:25):
hive And when there is a surplusthat then it's used you know
there may be a few of each ofthe hive utilize the surplus to
go and begin a new hive.
So this is when you view thestructure of the hive, the
(09:51):
framework for the hive.
It's immutable, it's inherentstructure, the DNA of the hive
is immutable, but the genius ofit is that the aspects of it
that are immutable enable it tobe perpetually mutable form And
for each individual agent withinthe hive to have total autonomy
(10:15):
.
And the uniqueness of the roleand the gifts of each individual
bee are symbiotic andinterdependently.
And it's brilliant.
It's brilliant.
(10:37):
So let's look at the scenario ofif we were to copy this
template and paste it And let'ssay we were going to form a new
economy based on the hiveconcept.
Now, we don't want to worship aqueen And we don't want to be
(11:01):
dependent on the queen.
So what we do is wedecentralize that authority And
so we decentralize the authorityof the queen.
I'm not saying to do this forthe queen in the real world, but
what I'm saying is, if you wereto form a self-reliant economy,
(11:24):
you would decentralize theauthority to the individual bees
, to each individual human being.
They would express their intentand they would formulate a
constitution, and thatconstitution then becomes an
(11:51):
authority that they've delegatedtheir agency to, that they can
revoke at any time.
But they've come together andsaid this is our unified
intended purpose.
I'm choosing to abide by thesecollective rules that we've all
made together And these are thelaws that govern us, and this is
(12:15):
a role that our queen has now,and she delegates that agency to
the judicial system and thegovernment of New Zealand, and
so it is delegated largely bythe crown, as it is now.
Thank you for your time.
So in that scenario, you have aco-created constitution, but
(12:37):
you need to disentangle thecomponent of it that is the
issuer.
The issuer of the abundance Youknow and I love the fact that
honey is the colour of goldbecause it's a great symbol for
you know the reserves And so theissuer in this scenario can
(13:06):
quite easily be a blockchainwith a native cryptocurrency.
If you were to create one newfrom scratch.
As long as everyone agrees thatthat is the de facto standard
currency, you can determine itsvalue.
That doesn't mean you're goingto be able to exchange it for
(13:26):
other currencies.
However, if everyone agreesthat this is the standard by
which we're going to facilitatethe exchange, then it can work,
because the reason the reservesheld in a hive to feed the hive,
(13:47):
the reason they're so, thereason that works so well, is
because honey is ubiquitous, itcan feed everyone and it can
feed everybody.
It's got everything that thehive needs, is held in reserves
(14:10):
and it can be utilised and tokeep them alive, and so there
needs to be a singularity interms of one thing that is
capable of nourishing everybodythat's ubiquitous like honey,
(14:31):
and so we've used the goldstandard in the past.
We're seeing Bitcoin now beingused as like digital gold and
Layer 2 solutions, utilisingBitcoin to back their currency,
because the beauty of Bitcoin,the way that it's structured, is
(14:51):
that it's finite in the sameway that gold is.
You can deplete the earth ofall of its gold reserves, and so
the more that comes to thesurface of the earth, comes out
of the earth, the less there isinside it, although, of course,
(15:11):
it is regenerating to a certaindegree, however.
So if you look at this in thecontext of an economy structured
in this way, then you want tostructure a cryptocurrency that
(15:37):
serves as reserves That can beexchanged for anything, and then
you can have other means ofexchange.
You can have other things thatare traded on top of that, but
backed by it, but there has tobe a penultimate, native,
(16:03):
primary means of reserve, likethe honey.
So if we come together andcollectively decide, you know,
currently you could say that'sBitcoin, arguably, but
unfortunately there arelimitations in terms of the
technology that prevents it fromhaving as much utility as it
could.
(16:25):
Nonetheless, if you werestarting from scratch, this
would be the ideal way to do it,and you know from I have a
hypothesis that is yet to betested in terms of mimicking
gold inside the earth, becausegold is regenerating.
(16:49):
You know the earth isconstantly regenerating, so
everything is.
If we were to just leave it,leave the earth as it is now, it
would regenerate gold.
It would be producing more gold.
I'm sure there'd be ahomeostasis level whereby you
know it's going to stop at somepoint, but it'll be because of
the depletion of some otherdependency gold has in order to
(17:14):
continue regenerating.
So, and I believe that figureis 1.5% It's just a hypothesis,
you know, it's a human trying toquantize something organic.
So 1.5% compounding is thegrowth of gold in the earth, and
(17:42):
so what we're saying is thatthere is finite supply of gold,
but it is compounding at a rateof 1.5% year on year And we use
that as a starting point.
Now, in context of the hiveholding adequate reserves to
(18:05):
ensure the survival of theagents within the hive, of the
bees within the hive, then therehas to be obligation, free,
unconditional.
If you need to eat, then youcan eat, and the fact that it's
(18:26):
available in abundance meansthat people don't treat it like
it's scarce.
And this would be theequivalent of a universal basic
income.
But here's the thing You eatfrom it when you need to eat
(18:46):
from it, and I think this is oneof the beautiful things about a
hive is that you feed yourself.
If you're hungry, then it'sthere and you can eat.
And you know human beings arevery.
(19:09):
You know we're miles away fromthis kind of ethos, even a
universal basic income.
You know we're kind of.
You know, i think the mainstructure that I'm most
interested in with a universalbasic income is that it's a
regular payment that's paid toeverybody, that's so that it
(19:36):
feeds all of the cells, so thatit's spreading a minimum
baseline level of wealth thatwill ensure the survival of
every component part.
And you know that's probablythe ideal starting point.
However, someone that alreadyhas surplus wealth, you know,
(19:59):
and they've kind of got, they'vegenerated so much surplus that
they've almost been able tocreate their own hive within the
hive.
There's no point of themdrawing more that.
It just doesn't make any sense.
So it's an opt-in thing If youneed it, you can eat from it,
(20:24):
and if you don't need it, thenyou opt out.
That's the most efficient wayfor it to work.
So the role of the issuer Youknow the queen bee, her power
and authority has beendisentangled into a co-created
(20:46):
constitution from the ground upthat everyone willingly chooses
to abide by.
And the role of the issuer isautonomous.
It's autonomous, it's beenpurposefully designed to serve
(21:08):
as a digital goal, immutablegoal that is finite but also
compounding.
You know that's the ternaryperspective.
There's finite supply but it iscompounding over time And you
have the ideal mechanism andframework for a digital economy.
(21:31):
And the reason this works?
the reason this works isbecause this currency, the
issuing of this currency at themoment, bitcoin requires mining.
Whether it's proof of stake,proof of work, you know, it
(21:54):
doesn't really matter.
It's the behaviour that's beingincentivised to create reserves
that matters, that's whatmatters.
And so, in that scenario, whenyou think about it, what is the
(22:16):
behaviour that we do want, whatis the behaviour that we want to
incentivise to ensure there areadequate reserves?
And let's use honey as anexample.
Let's say we have a hive, it'sthriving, but the environment it
was in, where the nectar wasbeing drawn from its environment
(22:39):
, then what happens if itsexternal environment?
let's say, there's a forestfire and the hive is intact, but
there's no nectar, and so itsreserves are depleted over time
(23:02):
and it's going to run out.
What is the behaviour that youwant to incentivise that will
build up those reserves again,but it still enables each
individual agent, eachindividual bee, to be autonomous
, self-organising.
(23:23):
Then you want the incentive tobe encouraging co-operation and
collaboration in aself-organising way,
co-operation and collaborationin a self-organising, autonomous
(23:47):
way, so that it incentivisesthe entire hive to work together
to solve the problem in theirown way.
There's no directive.
The constitution is still thesame.
The framework is immutable.
(24:10):
There's no one telling anindividual what they have to do.
There's no one telling anindividual thou shalt not other
than what's in the constitution.
They're free agents, but inorder to survive they have to
(24:30):
come together, they have toself-organise, they have to
figure out what each other'sgifts are and understand the
uniqueness of each otherindividual and entrust that
individual to fulfil their role.
(24:51):
It forces a leap of faith andthis is a massive issue in the
human world is we're constantlytrying to run our lives with a
zero risk profile because we'reso, we fear loss so greatly that
we're not prepared to take therisk.
We're not prepared to take theleap of faith and trust someone
(25:17):
to do the job in the way that wewant them to do it, that if
they follow their nature, it'sgoing to fulfil our will, that
I'm gonna thrive because of it.
We have zero trust, whereas thehive, the beehive you haven't
(25:37):
got a soldier telling the queenwhat to do, how to be the queen
and vice versa.
They defer the authority to theone that who is most capable
(26:01):
and they entrust that personwholly.
And this is why you see, innature, schools of fish.
They're free agents.
Each fish is a free agent.
It's following its own naturebut because it trusts the
(26:22):
signals it's receiving from itsenvironment, it's trusting its
interpretation, it's trustingits thoughts.
Then it has surrendered to themeaning and when it surrenders,
by default, they all operate insymmetry.
You realise that a school offish is a hive.
(26:47):
You realise that a pot ofdolphins I don't know if you've
seen dolphins, you know down theside of a boat, while you're in
the water, as you're zoomingalong, you can see them, the
grace like they follow theirnature.
They're so surrendered tofollowing their nature to such a
(27:07):
degree that they move inperfect unison and perfect
harmony and the symmetry isquite sublime A flock of birds,
a murmuration of starlingsmoving together as one, but just
following their own nature.
And then, magically, theyrealise they're part of
(27:29):
something much bigger, somethingmuch greater, something much
more intelligent, that we haveit again, the ternary
perspective that they aresovereign, autonomous and free
and unified.
And this is the genius ofternary And once human beings
(27:55):
can create for themselves thesame scenario within which we
have the confidence to trusteach other, meaning that there
are adequate reserves that meanthat give me the confidence in
being prepared to lose what I'mrisking, that by risking what I
(28:21):
want to invest in transacting,i'm wholly prepared to lose it
and to fail.
Why?
Because there are adequatereserves, because it's not going
to impact the quality of mylife if it fails.
Because if you breach my trust,or if you make a mistake, or if
(28:44):
you're not who I thought youwere, or if you get hit by a bus
, it doesn't matter, because Iwas prepared to lose what I put
in.
And that confidence can onlycome from adequate guaranteed
reserves.
That's it.
And so here we have a blueprintfor a perpetually wealth
(29:11):
generating vehicle, but built ona hive, with decentralized
authority that's thenconsolidated to create a unified
antenna purpose in the form ofa constitution.
Some of you know that I'vedeveloped a framework for this
(29:33):
based on a.
it's called a living will.
A living will is a directive.
It's most commonly used forwhen people, if they become
severely disabled, then you canuse a living will to express
your will.
if you become incapacitated, soyou might say if I do become a
holy crippled, then and I'm onlife support I want the machine
(29:55):
to be turned off.
But a living will can be,especially if you constitute it
in common law, as the commanderof your vessel, of your body,
which is the agent.
If you constitute that incommon law stands above statute,
stands above statute law And soit's immutable, it's impervious
(30:23):
to statutory legislation, toregulation, stands above, and
that's how you can createsomething immutable.
And the technology exists toprotect and preserve this kind
of principle, asset andperpetuity.
If you constitute a living willin common law, it is impervious
(30:43):
to being imposed upon by anystatutory law or legislation or
regulation.
And this is why I'm urgingregulators to come aboard and
start collaborating soonerrather than later, because this,
(31:05):
when economies begin trading incommon law, when, when exchange
begins to be facilitated incommon law, it stands above
everything that's in place now,absolutely everything.
And you know, whilst people willbe prepared to take on board
(31:29):
the risk themselves because ofthe potential rewards that it's,
you know there's a significantamount of risk involved And you
know a human being has the powerto transfer the stewardship of
the assets that they are ownersof under statute.
(31:50):
They have the power totransition those into the
custody of the natural personthat they are in the common law
And that can become immutable.
You see, and this is why youknow a common law trust is, you
know, the safest place totransfer the stewardship of any
(32:11):
asset into, because under commonlaw, it's based on possession.
You can possess something andbut your the power you hold is
the obligation to protect andpreserve it, because it's it's
just going to go back into theearth at some time.
You can't truly own somethingin common law as a natural
(32:32):
person, and then we use statuteto create imaginary concepts
like ownership, which is it'snot real, it's just temporary
custody of something before itgoes into the earth, before it's
reconstituted into somethingelse.
So all this technology existsright now And, as an innovation
(33:01):
strategist and advisor currentlyworking for the New Zealand
Government Agency, callahanInnovation, i work with a
handful of founders at thebleeding edge of innovation,
particularly in the space of AI,web3 and digital, and I can
tell you that what's coming iswill never be foreseen by
(33:23):
regulators.
The nature of the technology isgoing to be so profound that it
will literally become a hivemind that operates like this,
whereby the issuer in thecontext that I spoke of with the
Queen Bee there will be acentralized issuer and there
(33:47):
will also be the user will alsobe the issuer of their own
currency.
So you'll have the reservecurrency issued by a centralized
issuer to mimic gold and to actas a reserve as reserves, and
(34:09):
it's ubiquitous And then theindividual user will be able to
have their own hive within thegreater hive and issue their own
layer two currency backed bythe principle currency backed by
the principle means of reserve,and in that scenario, you're
(34:32):
the issuer of a currency withyour own hive.
That technology means that youcan have your own blockchain And
that blockchain is capable ofcross chain transactions.
Now, this won't mean a lot tosome of you.
(34:55):
Now, if your principalconstitution or your assets are
protected immutably via commonlaw meaning they stand above
statute and you delegateauthority and agency through
assets that are in statute forexample, a smart contract that
contains the rights tocommercialize an asset that is
(35:20):
immutably protected andpreserved in common law, it's
impervious, it's truly immutableand it can take on perpetually
mutable form.
This is where sovereignty isheading.
You know, regulation will be achoice.
A human being will have adecision on which standard they
(35:44):
want to operate under.
Some will be more seductivethan others.
They'll understand that undercommon law, they have the power
to revoke their authority from aparticular agency to who are
empowered to regulate, and theyknow that they'll have
potentially a vast array ofdifferent standards that they
can choose to meet and abide by.
(36:05):
And if a new one comes upthat's better and even safer and
abues more trust, then they'llrevoke that authority and then
defer it to an agency with evenbetter standards, which makes
their reputation greater andhigher.
This is so close, thistechnology so close, and it's
(36:32):
happening in New Zealand.
And this technology is whatwill enable hive mind swarms
digital autonomous agentscontrolling physical autonomous
agents.
So the hive is where all thisis heading And the key to it is
(36:58):
to understand that you have totake a ternary perspective.
There has to be a singularityAnd when I talk about the
co-created constitution, thatneeds to be a smart contract,
needs to be constituted incommon law, have a unified
intent of purpose that everyonewillingly chooses to bond with
(37:21):
and abide by.
It's found in a common law sothat it stands above statute.
That smart contract containsthe intelligence, the collective
, centralized singularity of theintelligence of all of the
autonomous agents, of all theusers in a singularity in a pool
(37:44):
.
And because it's in acollective pool, it needs to be
in a state of pre-interpretation.
So it's just the pool of all ofthe collective wisdom of every
agent.
And then the intelligence layeris owned by the autonomous
(38:06):
agent.
It's on their phone, using acold wallet system.
It's in their hive and they canprovide access to that through
permission.
They can choose whether or notthey want their culture, their
intelligence, their intelligence, behavior to be absorbed by the
(38:29):
unified whole.
It's done based on permissionPermission to another company,
permission to the unified whole,rights to commercialize it And
it all takes place in common law, immutable.
It stands above statute, andthis is really the hive mind
(38:57):
structure.
It's really based on geospatialAI And this is where we're
seeing the birth of.
You've seen the new hardwarethat's.
Apple have announced theirspatial AR VR goggles And the
spatial web will emerge out ofthis technology.
(39:19):
Now imagine now that technologyis serverless.
Serverless because it's soefficient because your
smartphone is running yourblockchain node.
It's using the storage on yourphone to store information.
It is using the CPU on thephone to process transactions
(39:47):
And it's viewing the phone andthe digital agent contained on
it as the node.
So if you switch it off, youcan unplug yourself from the
matrix at will Turn it on, plugit back in And you know, instead
(40:08):
of if you have, if you have awallet and it's you've
accumulated a lot of wealth onthat phone you can switch the
phone off, Unplug it from thematrix and then lock it in a
safe.
(40:29):
Now this is where the technologyis heading And, believe me,
there are people thinking evenway beyond it than that, but
beyond this, where it couldpotentially go.
But the important thing is isfor regulators especially is to
you have to foresee the pathwhere this is headed.
(40:49):
And globally at the moment, thebanks are withdrawing their
support from crypto companies bythe droves, and so it's
becoming increasingly morechallenging for a crypto based
company to have a bank account.
Now, this is not the way toapproach it, because there are
(41:15):
there are so many founders inthis space who already have
immensely disruptive technologywho are choosing to show a duty
of care by trying to work withregulators.
They're actually they know thatthey don't have to ask
permission for the regulators.
(41:36):
They know this, but theregulators don't have the
foresight to see what they'retalking about.
It's too.
It sounds too radical, but it'sonly the goodness and the duty
of care to do no harm of theindividual.
That's preventing thisdisruption from happening now,
(41:57):
and so you know I heard the newsof you know there's been a
venture I've been following forquite a while called unbanked,
and they're on a mission in acrusade to target the unbanked
people of the world with a wayfor them to transact, and
without having access to a bankaccount.
(42:19):
Now their intention was to workwith regulators to collaborate,
but regulators are not preparedto allow any harm to come.
So zero risk profile, evendespite the potential rewards of
having tens of millions ofpeople who are currently unable
(42:41):
to participate in the formaleconomy all of a sudden being
able to participate.
So even in that scenario, therisk versus reward is too great
for them to adopt and embraceventures like unbanked.
Now that's not good enough.
So unbanked is winding down,it's going to shut its doors.
(43:01):
It was right in the middle of araise.
I think they had a term sheetwith a $20 million US capital
raise And they've now said youneed to take all of your assets
out because we're about to begina wind down.
(43:22):
Now I think of the unifiedintent of the community building
that they're trying to.
They're trying to empower theunbanked of the world And
they're trying to work withregulators to you know, begin
the process of creatingsomething that works for
everyone, with no one leftbehind, and they failed.
So this is that's not going to.
(43:46):
It's not going to wash, it'snot going to wash.
So you know, if you are aregulator and you're listening
to this, i strongly encourageyou reach out and wrap your head
around what's happening as soonas you can, because founders
and bleeding edge innovators arebecoming very, very, very
(44:08):
frustrated, very frustrated withthe lack of sophistication,
very frustrated with the lack offoresight, very frustrated with
how slow the process is, andwhat I'm predicting is that
their patience is going to runout because, because of the
(44:30):
technology available now and howit's possible to create a
viable means of exchange foundedin common law that stands above
regulation, it's a willfulchoice they're making to
collaborate to prevent harm asmuch as they can, but that's not
going to last, i'm certain ofit.
(44:53):
So how can we come together anddesign a sandbox and that is
based on the structure lean intoit?
How can we willfully appointthe regulators that exist now,
who are the most, who have themost expertise, to be able to
(45:13):
oversee a sandbox built on thisframework, so that we can usher
this in together and absorb andassimilate it into the way we do
things now.
Because if, if you just keepsaying no and putting up brick
walls to prevent harm, thosewalls will crumble.
It's inevitable.
(45:35):
So how can we, how can we makethis work for everyone involved
with no one left behind?
Let's create a hive, let'screate a sandbox hive and work
together.
Okay, i'm going to leave itthere.
(45:55):
That's it for now, for thenature of a hive.
Talk soon.
Okay.
So this one is about the natureof a hive and the context I
want to look at this through ispertaining to a hive as an
economy and is something reallyquite profound in terms of the
way that it self-regulates,produces a surplus, holds
(00:24):
reserves, self-organises andreally holds a lot of hidden
keys to how human beings cancreate, you know, over unity
systems, systems that create asurplus, but specifically
(00:46):
systems that will fail unlessthe component parts cooperate
and collaborate, and theuniqueness of a hive, the thing
that I love about it the most isthat access to the reserves,
(01:07):
access to what's held in reserve, it's unconditional, so the
care of the individualcomponents within the hive is
assured and guaranteed as longas they are capable of helping
themselves.
That's absolutely crucial tounderstand because there are
(01:31):
components.
You know there is a mechanismwithin a hive for, you know,
promoting the strength of thegene pool.
You know, in terms of when itcomes to breeding and things
like that Quite fascinating infact, how they breed and the
(01:51):
competition for breeding andthings like that.
But the aspect of it that Ithink is profoundly underrated
is the content.
You know, i think a lot ofpeople write it off because they
see the hive as a singularitythat is controlling the agents.
(02:14):
But in truth, those agents areautonomous.
They're entirely autonomous,they're entirely sovereign,
they're entirely free, but, andso they're separate and
sovereign.
However, they have asingularity of purpose.
That singularity of purpose isfor the hive to thrive, for it
(02:43):
to survive, for it to haveadequate reserves so that
there's more than enough foreveryone to survive.
And when you bring a hive intothe context of a beekeeper, this
is where it's really profound,and this is this is, to me, what
completes this the circle inthat the beekeeper understands
(03:11):
the economy of the hive andtakes, if there's a stagnating
surplus or if there's too muchof a surplus or too much held in
reserve, then the beekeeperunderstands how much that it can
be, how much honey can be takenout without threatening the
(03:33):
survival of the hive andensuring that it can continue
being a wealth generatingvehicle.
And so here you have the idealstructure for an economy whereby
there's a unified intendedpurpose.
It's perpetually wealthgenerating.
The way that it organizesitself, it's self-organizing.
(03:55):
But there's no competition forsurvival.
The survival is guaranteed aslong as they figure out between
themselves how to cooperate andcoordinate and collaborate for
the betterment of the hive.
Now this is absolutelyessential.
(04:19):
This is absolutely essential.
Without cooperation andcollaboration.
Then, and there is competition.
Remember, there is competition,but they're not competing for
survival, they're competing foropportunities to go beyond And
(04:40):
this is what's criticallyimportant.
So, in context of the hive, alot of people dismiss it as a
legitimate vehicle because theyassume that there's a queen and
you relate this to the crown inNew Zealand The queen
(05:02):
representing the crown withultimate authority.
But that's actually not thecase.
There's a massive dependency onthe queen.
But if you were to personifythe queen in context of a human
economy, the queen wouldrepresent the issuer, the queen
(05:24):
would represent the issuer.
So in our formal economy now,the issuer being a central bank
and in a hive, the issuer is thequeen.
Now, in context of the queen,the rest of the hive worshipping
(05:50):
the queen.
The perspective that I can seeis that that role of the queen,
in terms of being the commanderof the hive, is that authority
is imbued into a constitutionthat is shared by everybody
(06:11):
involved, and this is where youhave perfect harmony of unity
and separation cooperation,collaboration, consolidated
(06:32):
intent, unified intent,distributed authority.
It's a perfect ternary systemAnd I talk about this a lot to
separate, the disentangling ofthe powers, the disentangling of
the will of each individualcomponent part so that they have
(07:00):
an individual voice, and thenthe unifying of that voice to
create the constitution and thenthe intentional, the willful
adherence to the constitution.
This is how you honor thesovereignty of everybody
(07:23):
involved.
And there you have theperfected over unity system, the
perfect ternary system,perpetually wealth generating.
All growth and enhancement tothe hive comes from a surplus,
never from a deficit.
The survival of every componentpart is guaranteed,
unconditionally, obligation free.
(07:44):
And when there's an over yieldor where there's an over
abundance, because abundance isnot beneficial in a wealth
generating system, there has tobe the abundance has to be
dependent upon cooperation andcollaboration.
So the incentive to creatediversity and interdependency
(08:15):
And you have perpetual wealth.
So it is a state of abundancebut it is lack is an accepted
truth of that system.
And the beekeeper when there issurplus, when there's an over
yield, then the beekeeper, thenthere is a donation made to the
(08:39):
beekeeper.
It's not willful on the part ofthe bees, i'm sure, but
nonetheless it's.
And this is the vehicle I'vealways seen, you know, in my own
over unity systems that I'vedesigned where there is an over
yield.
When there is stagnant surplus,it is devoted to obligation,
(09:04):
free, so that it can nourishsome other part of the system, a
greater part of the system.
But in truth, ideally it wouldbe to spawn another hive, and
I'm not sure whether this isactually how it happens with the
bees, but I'm sure this is whathappens when they outgrow a
(09:25):
hive And when there is a surplusthat then it's used you know
there may be a few of each ofthe hive utilize the surplus to
go and begin a new hive.
So this is when you view thestructure of the hive, the
(09:51):
framework for the hive.
It's immutable, it's inherentstructure, the DNA of the hive
is immutable, but the genius ofit is that the aspects of it
that are immutable enable it tobe perpetually mutable form And
for each individual agent withinthe hive to have total autonomy
(10:15):
.
And the uniqueness of the roleand the gifts of each individual
bee are symbiotic andinterdependently.
And it's brilliant.
It's brilliant.
(10:37):
So let's look at the scenario ofif we were to copy this
template and paste it And let'ssay we were going to form a new
economy based on the hiveconcept.
Now, we don't want to worship aqueen And we don't want to be
(11:01):
dependent on the queen.
So what we do is wedecentralize that authority And
so we decentralize the authorityof the queen.
I'm not saying to do this forthe queen in the real world, but
what I'm saying is, if you wereto form a self-reliant economy,
(11:24):
you would decentralize theauthority to the individual bees
, to each individual human being.
They would express their intentand they would formulate a
constitution, and thatconstitution then becomes an
(11:51):
authority that they've delegatedtheir agency to, that they can
revoke at any time.
But they've come together andsaid this is our unified
intended purpose.
I'm choosing to abide by thesecollective rules that we've all
made together And these are thelaws that govern us, and this is
(12:15):
a role that our queen has now,and she delegates that agency to
the judicial system and thegovernment of New Zealand, and
so it is delegated largely bythe crown, as it is now.
Thank you for your time.
So in that scenario, you have aco-created constitution, but
(12:37):
you need to disentangle thecomponent of it that is the
issuer.
The issuer of the abundance Youknow and I love the fact that
honey is the colour of goldbecause it's a great symbol for
you know the reserves And so theissuer in this scenario can
(13:06):
quite easily be a blockchainwith a native cryptocurrency.
If you were to create one newfrom scratch.
As long as everyone agrees thatthat is the de facto standard
currency, you can determine itsvalue.
That doesn't mean you're goingto be able to exchange it for
(13:26):
other currencies.
However, if everyone agreesthat this is the standard by
which we're going to facilitatethe exchange, then it can work,
because the reason the reservesheld in a hive to feed the hive,
(13:47):
the reason they're so, thereason that works so well, is
because honey is ubiquitous, itcan feed everyone and it can
feed everybody.
It's got everything that thehive needs, is held in reserves
(14:10):
and it can be utilised and tokeep them alive, and so there
needs to be a singularity interms of one thing that is
capable of nourishing everybodythat's ubiquitous like honey,
(14:31):
and so we've used the goldstandard in the past.
We're seeing Bitcoin now beingused as like digital gold and
Layer 2 solutions, utilisingBitcoin to back their currency,
because the beauty of Bitcoin,the way that it's structured, is
(14:51):
that it's finite in the sameway that gold is.
You can deplete the earth ofall of its gold reserves, and so
the more that comes to thesurface of the earth, comes out
of the earth, the less there isinside it, although, of course,
(15:11):
it is regenerating to a certaindegree, however.
So if you look at this in thecontext of an economy structured
in this way, then you want tostructure a cryptocurrency that
(15:37):
serves as reserves That can beexchanged for anything, and then
you can have other means ofexchange.
You can have other things thatare traded on top of that, but
backed by it, but there has tobe a penultimate, native,
(16:03):
primary means of reserve, likethe honey.
So if we come together andcollectively decide, you know,
currently you could say that'sBitcoin, arguably, but
unfortunately there arelimitations in terms of the
technology that prevents it fromhaving as much utility as it
could.
(16:25):
Nonetheless, if you werestarting from scratch, this
would be the ideal way to do it,and you know from I have a
hypothesis that is yet to betested in terms of mimicking
gold inside the earth, becausegold is regenerating.
(16:49):
You know the earth isconstantly regenerating, so
everything is.
If we were to just leave it,leave the earth as it is now, it
would regenerate gold.
It would be producing more gold.
I'm sure there'd be ahomeostasis level whereby you
know it's going to stop at somepoint, but it'll be because of
the depletion of some otherdependency gold has in order to
(17:14):
continue regenerating.
So, and I believe that figureis 1.5% It's just a hypothesis,
you know, it's a human trying toquantize something organic.
So 1.5% compounding is thegrowth of gold in the earth, and
(17:42):
so what we're saying is thatthere is finite supply of gold,
but it is compounding at a rateof 1.5% year on year And we use
that as a starting point.
Now, in context of the hiveholding adequate reserves to
(18:05):
ensure the survival of theagents within the hive, of the
bees within the hive, then therehas to be obligation, free,
unconditional.
If you need to eat, then youcan eat, and the fact that it's
(18:26):
available in abundance meansthat people don't treat it like
it's scarce.
And this would be theequivalent of a universal basic
income.
But here's the thing You eatfrom it when you need to eat
(18:46):
from it, and I think this is oneof the beautiful things about a
hive is that you feed yourself.
If you're hungry, then it'sthere and you can eat.
And you know human beings arevery.
(19:09):
You know we're miles away fromthis kind of ethos, even a
universal basic income.
You know we're kind of.
You know, i think the mainstructure that I'm most
interested in with a universalbasic income is that it's a
regular payment that's paid toeverybody, that's so that it
(19:36):
feeds all of the cells, so thatit's spreading a minimum
baseline level of wealth thatwill ensure the survival of
every component part.
And you know that's probablythe ideal starting point.
However, someone that alreadyhas surplus wealth, you know,
(19:59):
and they've kind of got, they'vegenerated so much surplus that
they've almost been able tocreate their own hive within the
hive.
There's no point of themdrawing more that.
It just doesn't make any sense.
So it's an opt-in thing If youneed it, you can eat from it,
(20:24):
and if you don't need it, thenyou opt out.
That's the most efficient wayfor it to work.
So the role of the issuer Youknow the queen bee, her power
and authority has beendisentangled into a co-created
(20:46):
constitution from the ground upthat everyone willingly chooses
to abide by.
And the role of the issuer isautonomous.
It's autonomous, it's beenpurposefully designed to serve
(21:08):
as a digital goal, immutablegoal that is finite but also
compounding.
You know that's the ternaryperspective.
There's finite supply but it iscompounding over time And you
have the ideal mechanism andframework for a digital economy.
(21:31):
And the reason this works?
the reason this works isbecause this currency, the
issuing of this currency at themoment, bitcoin requires mining.
Whether it's proof of stake,proof of work, you know, it
(21:54):
doesn't really matter.
It's the behaviour that's beingincentivised to create reserves
that matters, that's whatmatters.
And so, in that scenario, whenyou think about it, what is the
(22:16):
behaviour that we do want, whatis the behaviour that we want to
incentivise to ensure there areadequate reserves?
And let's use honey as anexample.
Let's say we have a hive, it'sthriving, but the environment it
was in, where the nectar wasbeing drawn from its environment
(22:39):
, then what happens if itsexternal environment?
let's say, there's a forestfire and the hive is intact, but
there's no nectar, and so itsreserves are depleted over time
(23:02):
and it's going to run out.
What is the behaviour that youwant to incentivise that will
build up those reserves again,but it still enables each
individual agent, eachindividual bee, to be autonomous
, self-organising.
(23:23):
Then you want the incentive tobe encouraging co-operation and
collaboration in aself-organising way,
co-operation and collaborationin a self-organising, autonomous
(23:47):
way, so that it incentivisesthe entire hive to work together
to solve the problem in theirown way.
There's no directive.
The constitution is still thesame.
The framework is immutable.
(24:10):
There's no one telling anindividual what they have to do.
There's no one telling anindividual thou shalt not other
than what's in the constitution.
They're free agents, but inorder to survive they have to
(24:30):
come together, they have toself-organise, they have to
figure out what each other'sgifts are and understand the
uniqueness of each otherindividual and entrust that
individual to fulfil their role.
(24:51):
It forces a leap of faith andthis is a massive issue in the
human world is we're constantlytrying to run our lives with a
zero risk profile because we'reso, we fear loss so greatly that
we're not prepared to take therisk.
We're not prepared to take theleap of faith and trust someone
(25:17):
to do the job in the way that wewant them to do it, that if
they follow their nature, it'sgoing to fulfil our will, that
I'm gonna thrive because of it.
We have zero trust, whereas thehive, the beehive you haven't
(25:37):
got a soldier telling the queenwhat to do, how to be the queen
and vice versa.
They defer the authority to theone that who is most capable
(26:01):
and they entrust that personwholly.
And this is why you see, innature, schools of fish.
They're free agents.
Each fish is a free agent.
It's following its own naturebut because it trusts the
(26:22):
signals it's receiving from itsenvironment, it's trusting its
interpretation, it's trustingits thoughts.
Then it has surrendered to themeaning and when it surrenders,
by default, they all operate insymmetry.
You realise that a school offish is a hive.
(26:47):
You realise that a pot ofdolphins I don't know if you've
seen dolphins, you know down theside of a boat, while you're in
the water, as you're zoomingalong, you can see them, the
grace like they follow theirnature.
They're so surrendered tofollowing their nature to such a
(27:07):
degree that they move inperfect unison and perfect
harmony and the symmetry isquite sublime A flock of birds,
a murmuration of starlingsmoving together as one, but just
following their own nature.
And then, magically, theyrealise they're part of
(27:29):
something much bigger, somethingmuch greater, something much
more intelligent, that we haveit again, the ternary
perspective that they aresovereign, autonomous and free
and unified.
And this is the genius ofternary And once human beings
(27:55):
can create for themselves thesame scenario within which we
have the confidence to trusteach other, meaning that there
are adequate reserves that meanthat give me the confidence in
being prepared to lose what I'mrisking, that by risking what I
(28:21):
want to invest in transacting,i'm wholly prepared to lose it
and to fail.
Why?
Because there are adequatereserves, because it's not going
to impact the quality of mylife if it fails.
Because if you breach my trust,or if you make a mistake, or if
(28:44):
you're not who I thought youwere, or if you get hit by a bus
, it doesn't matter, because Iwas prepared to lose what I put
in.
And that confidence can onlycome from adequate guaranteed
reserves.
That's it.
And so here we have a blueprintfor a perpetually wealth
(29:11):
generating vehicle, but built ona hive, with decentralized
authority that's thenconsolidated to create a unified
antenna purpose in the form ofa constitution.
Some of you know that I'vedeveloped a framework for this
(29:33):
based on a.
it's called a living will.
A living will is a directive.
It's most commonly used forwhen people, if they become
severely disabled, then you canuse a living will to express
your will.
if you become incapacitated, soyou might say if I do become a
holy crippled, then and I'm onlife support I want the machine
(29:55):
to be turned off.
But a living will can be,especially if you constitute it
in common law, as the commanderof your vessel, of your body,
which is the agent.
If you constitute that incommon law stands above statute,
stands above statute law And soit's immutable, it's impervious
(30:23):
to statutory legislation, toregulation, stands above, and
that's how you can createsomething immutable.
And the technology exists toprotect and preserve this kind
of principle, asset andperpetuity.
If you constitute a living willin common law, it is impervious
(30:43):
to being imposed upon by anystatutory law or legislation or
regulation.
And this is why I'm urgingregulators to come aboard and
start collaborating soonerrather than later, because this,
(31:05):
when economies begin trading incommon law, when, when exchange
begins to be facilitated incommon law, it stands above
everything that's in place now,absolutely everything.
And you know, whilst people willbe prepared to take on board
(31:29):
the risk themselves because ofthe potential rewards that it's,
you know there's a significantamount of risk involved And you
know a human being has the powerto transfer the stewardship of
the assets that they are ownersof under statute.
(31:50):
They have the power totransition those into the
custody of the natural personthat they are in the common law
And that can become immutable.
You see, and this is why youknow a common law trust is, you
know, the safest place totransfer the stewardship of any
(32:11):
asset into, because under commonlaw, it's based on possession.
You can possess something andbut your the power you hold is
the obligation to protect andpreserve it, because it's it's
just going to go back into theearth at some time.
You can't truly own somethingin common law as a natural
(32:32):
person, and then we use statuteto create imaginary concepts
like ownership, which is it'snot real, it's just temporary
custody of something before itgoes into the earth, before it's
reconstituted into somethingelse.
So all this technology existsright now And, as an innovation
(33:01):
strategist and advisor currentlyworking for the New Zealand
Government Agency, callahanInnovation, i work with a
handful of founders at thebleeding edge of innovation,
particularly in the space of AI,web3 and digital, and I can
tell you that what's coming iswill never be foreseen by
(33:23):
regulators.
The nature of the technology isgoing to be so profound that it
will literally become a hivemind that operates like this,
whereby the issuer in thecontext that I spoke of with the
Queen Bee there will be acentralized issuer and there
(33:47):
will also be the user will alsobe the issuer of their own
currency.
So you'll have the reservecurrency issued by a centralized
issuer to mimic gold and to actas a reserve as reserves, and
(34:09):
it's ubiquitous And then theindividual user will be able to
have their own hive within thegreater hive and issue their own
layer two currency backed bythe principle currency backed by
the principle means of reserve,and in that scenario, you're
(34:32):
the issuer of a currency withyour own hive.
That technology means that youcan have your own blockchain And
that blockchain is capable ofcross chain transactions.
Now, this won't mean a lot tosome of you.
(34:55):
Now, if your principalconstitution or your assets are
protected immutably via commonlaw meaning they stand above
statute and you delegateauthority and agency through
assets that are in statute forexample, a smart contract that
contains the rights tocommercialize an asset that is
(35:20):
immutably protected andpreserved in common law, it's
impervious, it's truly immutableand it can take on perpetually
mutable form.
This is where sovereignty isheading.
You know, regulation will be achoice.
A human being will have adecision on which standard they
(35:44):
want to operate under.
Some will be more seductivethan others.
They'll understand that undercommon law, they have the power
to revoke their authority from aparticular agency to who are
empowered to regulate, and theyknow that they'll have
potentially a vast array ofdifferent standards that they
can choose to meet and abide by.
(36:05):
And if a new one comes upthat's better and even safer and
abues more trust, then they'llrevoke that authority and then
defer it to an agency with evenbetter standards, which makes
their reputation greater andhigher.
This is so close, thistechnology so close, and it's
(36:32):
happening in New Zealand.
And this technology is whatwill enable hive mind swarms
digital autonomous agentscontrolling physical autonomous
agents.
So the hive is where all thisis heading And the key to it is
(36:58):
to understand that you have totake a ternary perspective.
There has to be a singularityAnd when I talk about the
co-created constitution, thatneeds to be a smart contract,
needs to be constituted incommon law, have a unified
intent of purpose that everyonewillingly chooses to bond with
(37:21):
and abide by.
It's found in a common law sothat it stands above statute.
That smart contract containsthe intelligence, the collective
, centralized singularity of theintelligence of all of the
autonomous agents, of all theusers in a singularity in a pool
(37:44):
.
And because it's in acollective pool, it needs to be
in a state of pre-interpretation.
So it's just the pool of all ofthe collective wisdom of every
agent.
And then the intelligence layeris owned by the autonomous
(38:06):
agent.
It's on their phone, using acold wallet system.
It's in their hive and they canprovide access to that through
permission.
They can choose whether or notthey want their culture, their
intelligence, their intelligence, behavior to be absorbed by the
(38:29):
unified whole.
It's done based on permissionPermission to another company,
permission to the unified whole,rights to commercialize it And
it all takes place in common law, immutable.
It stands above statute, andthis is really the hive mind
(38:57):
structure.
It's really based on geospatialAI And this is where we're
seeing the birth of.
You've seen the new hardwarethat's.
Apple have announced theirspatial AR VR goggles And the
spatial web will emerge out ofthis technology.
(39:19):
Now imagine now that technologyis serverless.
Serverless because it's soefficient because your
smartphone is running yourblockchain node.
It's using the storage on yourphone to store information.
It is using the CPU on thephone to process transactions
(39:47):
And it's viewing the phone andthe digital agent contained on
it as the node.
So if you switch it off, youcan unplug yourself from the
matrix at will Turn it on, plugit back in And you know, instead
(40:08):
of if you have, if you have awallet and it's you've
accumulated a lot of wealth onthat phone you can switch the
phone off, Unplug it from thematrix and then lock it in a
safe.
(40:29):
Now this is where the technologyis heading And, believe me,
there are people thinking evenway beyond it than that, but
beyond this, where it couldpotentially go.
But the important thing is isfor regulators especially is to
you have to foresee the pathwhere this is headed.
(40:49):
And globally at the moment, thebanks are withdrawing their
support from crypto companies bythe droves, and so it's
becoming increasingly morechallenging for a crypto based
company to have a bank account.
Now, this is not the way toapproach it, because there are
(41:15):
there are so many founders inthis space who already have
immensely disruptive technologywho are choosing to show a duty
of care by trying to work withregulators.
They're actually they know thatthey don't have to ask
permission for the regulators.
(41:36):
They know this, but theregulators don't have the
foresight to see what they'retalking about.
It's too.
It sounds too radical, but it'sonly the goodness and the duty
of care to do no harm of theindividual.
That's preventing thisdisruption from happening now,
(41:57):
and so you know I heard the newsof you know there's been a
venture I've been following forquite a while called unbanked,
and they're on a mission in acrusade to target the unbanked
people of the world with a wayfor them to transact, and
without having access to a bankaccount.
(42:19):
Now their intention was to workwith regulators to collaborate,
but regulators are not preparedto allow any harm to come.
So zero risk profile, evendespite the potential rewards of
having tens of millions ofpeople who are currently unable
(42:41):
to participate in the formaleconomy all of a sudden being
able to participate.
So even in that scenario, therisk versus reward is too great
for them to adopt and embraceventures like unbanked.
Now that's not good enough.
So unbanked is winding down,it's going to shut its doors.
(43:01):
It was right in the middle of araise.
I think they had a term sheetwith a $20 million US capital
raise And they've now said youneed to take all of your assets
out because we're about to begina wind down.
(43:22):
Now I think of the unifiedintent of the community building
that they're trying to.
They're trying to empower theunbanked of the world And
they're trying to work withregulators to you know, begin
the process of creatingsomething that works for
everyone, with no one leftbehind, and they failed.
So this is that's not going to.
(43:46):
It's not going to wash, it'snot going to wash.
So you know, if you are aregulator and you're listening
to this, i strongly encourageyou reach out and wrap your head
around what's happening as soonas you can, because founders
and bleeding edge innovators arebecoming very, very, very
(44:08):
frustrated, very frustrated withthe lack of sophistication,
very frustrated with the lack offoresight, very frustrated with
how slow the process is, andwhat I'm predicting is that
their patience is going to runout because, because of the
(44:30):
technology available now and howit's possible to create a
viable means of exchange foundedin common law that stands above
regulation, it's a willfulchoice they're making to
collaborate to prevent harm asmuch as they can, but that's not
going to last, i'm certain ofit.
(44:53):
So how can we come together anddesign a sandbox and that is
based on the structure lean intoit?
How can we willfully appointthe regulators that exist now,
who are the most, who have themost expertise, to be able to
(45:13):
oversee a sandbox built on thisframework, so that we can usher
this in together and absorb andassimilate it into the way we do
things now.
Because if, if you just keepsaying no and putting up brick
walls to prevent harm, thosewalls will crumble.
It's inevitable.
(45:35):
So how can we, how can we makethis work for everyone involved
with no one left behind?
Let's create a hive, let'screate a sandbox hive and work
together.
Okay, i'm going to leave itthere.
(45:55):
That's it for now, for thenature of a hive.
Talk soon.
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