This post marks the beginning of the next phase of MetaGame :o
- Because it’s the first post written by someone other than me.
I hope this makes it clear that MetaGame is not my idea.
MetaGame is the idea that we can build a new world on top of the old one, an idea many in the crypto sphere share and an idea we should flesh out and start executing on.
In the world of “traditional” start-ups, competition is cutthroat, resources are scarce, and the collective good is the last thing on anyone’s mind. Investors are looking to 10x their investment, teams are competing in a crowded market, and there is a limited amount of customers (think: Lift, Uber, Taxi’s).
While all of this might create a bit of economic activity as independent providers rush to take ideas to market, it turns out to be a huge waste of resources: teams repeat R&D in silos, materials are over-manufactured, and consumers are left with a confusing situation.
Which electric scooter should I use¯\_(ツ)_/¯
Since global resources are finite, it makes sense to solve problems that have the greatest effect on the collective just once instead of fighting over who owns a solution.
When we experience a rush of competitors entering a marketplace trying to solve the same problems, we experience an economic loss in man hours, research, capital and physical materials. In an alternate system, like the one proposed inside MetaGame, we would see the use of materials streamlined and distributed by order of importance towards said problem. Free agents would be able to work on certain problem/solutions and all participants involved would receive fair compensation according to their contribution.
Human minds are dynamic. The “Tragedy of the Commons” illustrates how we are disincentivized to take just an equal share. For one reason or another, our culture has become one of “more is better”. Even though in reality it is in the best interest of the individual to take only an equal share. We see companies working hard to eat each others lunch, individuals determined to control more land than they know what to do with, and the ecosystem as a whole suffering the consequences.
THE NEW WEI
We are beginning to enter a time where global cooperation is key, competition is seen as unproductive, hoarding resources is viewed as inefficient and intellectual property disputes are seen as barriers to progress. Ideas are not owned by a small group of early founders in MetaGame and the value created by those ideas is shared among all contributors by design. History has shown us that two people often have the same idea, yet they execute the idea in a radically different way (see Gates vs Jobs). Imagine if Gates and Jobs collaborated on capturing the emerging PC market instead of competing for the same consumers.
What does all the legal wrangling for ownership do? It slows progress, kills spirits, and wastes capital.
Radical markets are ones that are not constrained by ownership or IP. They are places where ideas live independent of their creators (places like Bitcoin and Ethereum), where the community decides what direction the platform will take, what function it will have and where unknown voices can have as large an impact as early founders simply by speaking up with a good idea.
What this DAO-like structure will do is level the playing field for competition by bringing all the resources under one roof. It is a cohesive and boundless engine for idea creation and resource allocation. This “Web of Opportunity”, is a place where all players receive fair compensation for their work and ideas stand the best chance of being solved. When a diverse subset of individuals come together and ownership is distributed equally among them, a network effect multiplies the opportunities available for all.
Can you imagine people applying to work on global crises outside of the government instead of the current bureaucratic approach that wastes resources and mires people in political posturing? Instead, individuals could apply to work directly on a solution to the homeless situation in the US, on ending corruption inside the Russian government, or helping cease the oppression of Kurdish people in Syria. All these ideas and more are potential projects where people can contribute on a global scale as a thinker, doer, or donor.
I can hardly imagine the power that a globally connected community could wield when they operate like this. There is no limit to the problem solving ability of a community that considers all potentials and utilizes resources effectively. Like a kid with a magnifying glass, these communities will burn through problems they face in short order. The Ethereum community has already started doing it with #DeFi, as stable coins and bank-less financial applications sweep across third world countries weaving fractured global landscapes back together.
Okay maybe I’m getting ahead of myself, but the potential is there for all of this and more.
It all starts here with this seed of an idea 🌱
Wanna hear some more crazy ideas ?
Then get your ass in the game on Discord
This article was written and edited by members of MetaFam @YalorTackson 👾 @RachelHolmes 🛸