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Description
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https://archive.devcon.org/archive/watch/6/hypercerts-for-regenerative-cryptoeconomics/
How do we incentivize and reward high-impact bets on valuable projects like infrastructure?Regenerative cryptoeconomics intends to combine a cultural paradigm shift with web3 tooling to incentivize positive externalities in a financially sustainable way. Evan will describe specific tools, instruments, and mechanisms; share developmental achievements made so far; and describe how those directions can improve the chances that the world will be improved with user-empowering, web3 driven tech.
Speaker(s): Evan Miyazono
Skill level: Intermediate
Track: Cryptoeconomics
Keywords: cryptoeconomics,infrastructure
Follow us: https://twitter.com/efdevcon, https://twitter.com/ethereum
Learn more about devcon: https://www.devcon.org/
Learn more about ethereum: https://ethereum.org/
Devcon is the Ethereum conference for developers, researchers, thinkers, and makers.
Devcon 6 was held in Bogotá, Colombia on Oct 11 - 14, 2022.
Devcon is organized and presented by the Ethereum Foundation, with the support of our sponsors. To find out more, please visit https://ethereum.foundation/
A
A
Thank
you
for
coming
to
hear
about
hyperserts.
Those
are
actually
quick.
Question
have
how
many
people
have
heard
of
impact
certificates
generally
in
the
audience
okay,
so
this
is
going
to
be
a
proposal
for
a
system
that
looks
very,
very
different
from
what
we
have
now
economically
I
I
want
to
come
to
you
as
if
we
are
people
in
a
barter
economy
discussing
what
money
could
look
like
and
if
you
imagine
trying
to
explain
the
mechanics
of
a
supermarket
does
someone
from
a
barter
economy.
A
A
It
makes
a
lot
of
sense
and
feels
like
the
kind
of
thing
that
you
know
where
you
could
take
this
and
start
building
on
it,
extending
it
incorporating
this
into
things
that
you're
working
on
my
name
is
Evan
miyazono
I
lead,
Network,
Goods,
formerly
PL
research
at
protocol
Labs
protocol
Labs,
you
might
have
heard
of
for
ipfs
filecoin
lip
P2P
one
of
our
many
other
small
projects,
I'm
talking
about
none
of
those.
What
I'm
talking
about
is
going
to
be
a
new
project,
that's
about.
A
A
In
addition
to
doing
stuff,
I
would
I
would
generalize
this
to
say
that,
like
specifically
I'm
thinking
that
you
can
make
things,
you
can
talk
about
things,
you
can
Fork
projects
steal
things,
modify
them
share
them,
but
there
is
a
scene
and
unseen
impact,
and
all
of
you
have
are
familiar
with
the
kinds
of
things
that
I
would
say
are
seen
if
you,
if
you're
talking
about
things
that
are
seen
by
the
economy,
this
is
really
obvious.
You
have
things
that
people
can
pay
for
or
not.
A
A
A
Here's
here's
a
prize
and
like
prizes
themselves,
all
like
the
Nobel
Prize,
for
instance,
is
like
a
way
of
tracking
the
externalities
of
the
benefits
of
scientific
research.
You'll,
see
a
lot
of
themes
resonant
with
the
public
goods
funding
models,
the
retropgf
stuff,
the
get
coin,
regen
Finance
type,
like
all
of
these
things,
sort
of
end
up
thinking
about
and
talking
about
the
same
types
of
models,
the
same
types
of
goods
that
are
really
hard
to
incentivize
support.
The
creation
of
Etc
I
would
also
highlight
that
this
is
a
very
simplified
model.
A
I
really
enjoyed
this
talk
about
how
you
might
frame
different
types
of
goods.
In
addition
to
rivalrous
or
non-rivalers,
you
could
have
semi-rival
riskings.
You
can
also
have
anti-rivalrous
things,
and
these
this
framing
is
useful
to
approximate,
but
really
I
would
encourage
the
focus
on
externalities
people.
Do
it
these
impactful
things,
and
you
can
imagine
that
there
is
one
action
that
results
in
a
possibly
uncountably
infinite
number
of
impacts.
A
Those
I
would
claim
that
it
is
far
simpler
and
far
more
effective
to
just
talk
about
accounting
for
this
initial
piece
of
work
and
let
this
and
potentially
specify
some
of
this,
but
mostly
just
track
the
things
that
people
are
doing,
and
if
you
have
that,
then
you
can
start
building
off
of
that
to
understand
what
the
impacts
of
a
specific
action
are
and
talk
about,
whether
those
are
good.
What
are
those
impacts
are
good
or
bad,
and
whether
or
not
we
want
to
support
them.
A
Incentivize
them
Etc
today,
I'm
pleased
to
announce
that
we
have
an
ability
to
track
actions
in
a
novel
way,
we're
calling
them
hyper
certs.
These
are
a
specific
interoperable
data
layer
to
account
for
actions
that
are
expected
to
have
positive
impact.
You
can
think
of
it
as
roughly
analogous
to
equity
interest
in
a
non-profit
Enterprise.
A
Then
you
could
imagine
that,
because
there's
no
Revenue
there
might
not
be
a
value
to
these
to
the
equity-like
analog
of
those
systems,
and
instead
we
have
a
an
expectation
that
we
could
design
and
Implement
a
paradigm
shift.
That
is
a
tool.
This
tool
actually
coupled
with
really
a
philosophical
change
about
how
we
think
about
and
how
we
reward
things
that
we
think
are
useful
or
valuable,
and
if
we
have
both
of
these
together,
then
we
can
potentially
create
a
shift
where
you're
not
just
you're,
not
just
paying.
A
When
I
say
that
this
is
specific.
There
are
six
data
fields
that
we
think
are
sufficient
to
specify
what
actions
were
taken
with.
Whatever
resolution
you
might
be
interested
in
really
and
specifically,
the
contributors
would
be
a
like
robustly
identified,
ideally,
but
we
should
be
able
to
deal
with
identity
that
is
not
cryptographically
verified
in
these
hyperserts.
The
scope
of
work
would
be
being
able
to
say
like
oh,
it
was
work
on
this
project
or
this
other
project
or
this
aspect
of
this
project.
A
Ip
rights
Etc
with
the
with
the
hypersert
object
itself,
and
these
aren't
at
this
point
wholly
abstract.
Oh
actually,
I'll
get
to
that
moment.
One
thing
that's
very
important
when
you're
talking
about
these
this
data
structure
in
this
data
layer
is
the
ability
to
do
robust
accounting.
You
could
imagine
that
the
way
that
you
would
generate
these
might
not
be
splitting
them
in
the
ways
that,
where
the
pieces
are
most
recognizable
and
as
valuable
for
their
output,
so
you
could
imagine
generating
these
as
the
work
you
do
on
a
project
quarterly.
A
I,
say
Accounting,
in
that
this
is
roughly
analogous
to
Double
Entry
bookkeeping,
which
I
would
claim
is
another
fairly
revolutionary
structure
like
coordination
mechanism
among
humans
at
scale.
This
is
not
some
hypothetical
thing.
We
actually
have
a
pilot
app
that
is
live
on
the
girly
test
net.
The
back
end
is
an
ERC
3525
which
extend
extends
721,
and
so
these
are.
A
These
do
exist
as
nfts
we've
partnered,
with
Kevin
owaki
and
others
at
gitcoin
to
make
fairly
nice
rendering
svgs
for
these,
so
that
when
you
look
at
them,
you
can
see
not
just
some
set
of
text
Fields.
But
this
is
very
generalizable,
and
my
claim
is
that
tomorrow,
people
actually
yeah
you,
so
you
can
go
on
to
pilot.hypersearch.xyz
and
create
mint.
A
These
play
with
them
and
I
will
be
sharing
the
roadmap
later
on
on
what
this
looks
like
and
what
our
plans
are
for
a
broader
launch,
and
the
claim
is
that
tomorrow,
people
will
use
these
to
coordinate
in
new
ways.
This
is
my
hope.
I
think
that
this
would
be,
if
possible,
if
adopted,
a
significantly
brighter
future,
in
which
anything
from
creating
novel
knowledge
to
open
data,
to
scientific
breakthroughs,
to
Community
Support
to
a
carbon
sequestration
could
be
things
that
you
can
suddenly
support.
A
It
is
worth
noting
that
when
we
talk
about
hyper
certs
and
impact
certificates,
people
typically
think
that
all
these
actions
have
to
have
happened
in
the
past
and
I
want
to
hopefully
disabuse
you
of
that
notion
and
explain
that
there
is
a
incredibly
impactful
way,
that
you
can
influence
future
decisions
with
retroactive
funding,
and
that
is
what
we're
targeting
for
our
first
use
cases
for
hyperserts.
Specifically,
you
could
imagine
that
oh
I
do
not
have
a
I
do
not
have
a
laser
pointer.
I
do
not
think
so.
A
This
is
a
diagram
that
shows
progression
of
time.
You
can
imagine
that,
typically,
when
these
actions
take
place
that
you
want
to
see
the
impact
before
the
public
is
willing
to
provide
to
provide
money
to
this
for
having
been
successful,
and
it
would
be
really
nice
to
be
able
to
take
that
money
from
the
future,
pull
it
back
into
the
present
and
use
it
to
fund
this
action.
Whenever
you
see
this
as
an
economist
or
in
finance,
you
can
see
that
this
bottom
line,
This
role,
is
played
by
an
investor.
A
A
So
you
can
start
to
see
the
analog
to
equity
interest
in
these
projects.
The
only
like
there
is
no
profitability
of
these
it.
It
would
just
be
a
chance
at
potentially
sharing
in
the
reputation
and
funding
from
a
prize,
but
you
can
start
benefiting
from
all
of
the
de-risking
that
you
get
from
retrospective
funding.
A
So,
overall,
you
don't
I
will
admit
you
do
not
need
hyper
certs
for
this.
You
could
do
this
with
napkin
agreements
in
the
same
way
that,
like
many
cap
tables,
are
set
up
initially
with
like
a
signed
napkin
of
like
okay,
the
founders,
it's
60,
40
or
50,
50
or
whatever,
and
that's
good
enough.
That
is
possible
here.
The
reason
hyper
certs
get
interesting
is
because
I
I
foresee
and
predict
and
hope
to
help
create
an
ecosystem
where
it's
not
just
one-off
programs.
A
At
gigaton,
Carbon,
scale
globally
and
so
I
think
that
these
things
will
Cascade
in
time
and
you'll
see
these
embedded
in
each
other
and
when
you
start
doing
that,
having
a
robust
and
very
formal
and
consistent
way
of
accounting
for
and
listing
all
of
the
pieces
of
impact
becomes
very
useful
because
you
want
to
be
able
to
either
trade
or
exchange
or
share
or
attribute
within
each
program
in
a
way
that
is
visible
to
and
measurable.
In
the
larger
program.
A
I
expect
that
these
will
also
have
a
property
where
you'll
have
multiple
funding
programs
simultaneously
running
where
the
same
activity
could
apply
and
when
that
work
is
being
done.
You'll
need
to
do
splitting
and
merging
of
these
contributions
to
say
which
parts
exactly
were
being
rewarded
by
which
grant
program,
even
though
it
may
look
like
a
monolithic
activity
from
one
company
or
one
team
or
one
Dao.
A
I
also
will
claim
that
this
should
generalize.
So
far,
I've
talked
about
how
a
grant
program
looks
like
you:
have
teams
or
activities
being
funded
with
grants
in
some
kind
of
historical
pay
and
prey
as
a
grant
maker.
You
kind
of
just
have
to
send
the
money
and
hope
for
the
best,
and
this
could
be
done
by
some
simple
format
and
I'm,
proposing
that
we
use
hyperserts
for
this.
A
Of
course,
actually
I
should
mention
that
the
breakdown
of
these
into
categories
I
think
are
useful
layers
of
abstraction,
because
for
many
of
these
you
can
actually
separate,
or
you
can
replace
the
component
with
other
things
that
you
might
want
to
use.
Depending
on
what
you're
trying
to
achieve
what
level
of
consensus
you
might
have
I
think
it's
very
important
that
we
also
be
able
to
fund
things
retrospectively,
so
not
just
teams
and
activities,
but
also
outcomes,
outputs
and
the
impact
that
those
outcomes
have.
And
when
you
have
this,
it
starts
to
become
interesting.
A
To
look
at
how,
instead
of
grants
for
retrospective
funding,
you
could
have
bounties
and
retrospective
evaluation.
For
these
sorry
grants
for
prospective
funding,
you
could
have
bounties
and
retrospective
funding
for
the
retrospective
outcomes
or
outputs,
and
there
is
no
real
bound
to
the
type
of
decision
mechanisms
you
could
use
for
this
and
so
to
name
two
completely
different
things
that
definitely
don't
cover
the
space.
A
Alternatively,
you
could
imagine
actually
just
using
hyperserts
for
internal
performance
tracking
I'm
interested,
like
my
entire
team
working
on
this
is
interested
in
using
this
to
attribute
and
share
and
track
and
list
like.
Oh
thank
you
for
helping
me
with
this
project,
I'm,
going
to
give
you
five
percent
of
the
impact
certificate
that
I
have
I'm
minting
on
this
work
that
I've
been
doing
internally.
That
doesn't
even
need
to
be
sold
just
having
a
useful
metric
to
track.
A
If
we
can
convince
at
some
point
that
or
if
we
can
convince
nation-state,
scale,
funders
Sovereign
currency
issuers
that
they
can
fund
these,
because
I
think
that
there
are
certain
aspects
of
modern
monetary
theory
that
imply
robustly
that
this
could
be
scalable
to
fund
all
sorts
of
public
goods
at
a
scale
that
we
haven't
actually
seen
yet
and
cannot
curling
sustain
in
our
current
economic
Paradigm.
So
that's
getting
a
little
bit
abstract
as
far
as
timeline.
The
plan
is
to
do
run
a
security
audit
and
launch
this.
A
Possibly
this
quarter,
ideally
within
the
beginning
of
q1,
on
mainnet
and
have
people
start
to
actually
use
this.
We're
going
to
be
deploying
hackathons,
recruiting
program
managers
and
Grant
programs.
Funders
for
both
prospective
and
retrospective
funding
for
impact
certificates,
we
definitely
plan
to
integrate
with
Git
coin
and
the
get
coin
passport
because
of
our
current
collaboration
and
their
enthusiasm,
and
we
don't
yet
have
full
merge
and
split
capabilities
yet
or
the
ability
to
have
attestations
I
didn't
get
into
at
all.
A
The
fact
that
you
need
external
evaluators
to
decide
how
much
they
think
how
valuable
they
think
the
impact
for
an
outcome
actually
is.
That
needs
to
be
a
deeply
subjective
thing
and
in
the
same
way,
that
like
I,
can
look
at
strawberries
in
the
supermarket
and
say:
do
I
want
to
pay
that
for
it
or
not,
is
do
I
think
this
is
worthwhile.
A
We
do
have
a
road
map
that
has
us
supporting
the
allocation
of
50
million
dollars
in
Impact
certificate
in
in
hypersearch,
specifically
by
Q3
of
next
year.
I
would
say
we
are
roughly
on
track
for
that
and
I
would
love
to
encourage
you
to
like
keep
on
us
to
make
sure
that
this
is
happening.
This
is
not
a
business
model.
This
is
a
pure
public
good.
We
are
not
taking
fees.
We
have
no
plans
to
take
this
and
extract
money
from
it.
A
We
think
that
this
is
just
going
to
enable
a
revolutionary
coordination
model
for
humans
in
terms
of
the
people
actually
doing
this.
My
team
or
my
sub
team,
the
network
funding
team
and
we're
also
working
with
Ray
Guild
and
Kevin
owaki
and
Octavian
at
Super,
modular
and
obviously
I
have
to
thank
protocol
labs
and
Juan
for
their
support
and
would
definitely
encourage
you
to
take
pictures
of
this
I.
A
Think
we'll
link
this
talk
and
the
slides
on
hypersearch.xyz
once
the
video
is
up
and,
in
addition,
I
also
wanted
to
plug
funding
the
commons.
It's
a
conference
we're
running
fairly
frequently
I
think
the
target
is
to
do
roughly
20
next
year.
Two
large
events,
many
pop-ups,
a
large
number
of
community
events.
This
is
actually
the
shirt
from
the
one
that
we
did
on
Monday
at
shelling
point
and
other
than
that.
B
A
C
I'm
curious
about
your
decision
not
to
have
a
viable
business
model
around
this
and
whether
that's
kind
of
short-sighted
for
long-term
impact
and
I.
Don't
know,
I
see
this
a
lot
in
crypto,
where
there's
these
sort
of
very
short
projects
that
don't
have
really
like
long-term
sustainable.
You
know,
structures,
I,
suppose
so.
I
just
I'd
love.
A
I
would
be
happy
to
take
additional
questions
in
the
hallway,
but
the
top
the
top
level
take
is
that
my
team
within
protocol
Labs
is
actually
intended
to
fund
unprofitable
impactful
work
and
the
only
reason
that
works
is
because
we
can
roughly
draw
a
boundary
around
an
ecosystem
in
the
same
way
that
a
nation
can
draw
a
boundary
around
an
economy,
tax
things
within
the
economy,
tax,
certain
things
within
the
economy
and
then
fund
infrastructure.
I
am
the
fund
infrastructure
side
of
that
equation.
A
If
other
people
would
like
to
support
the
creation
of
this,
that
would
be
obviously
welcome
and
we
have
plans
that
using
hyperserts
can
make
certain
subsets
of
networks
or
economies
so
much
more
productive.
That
strategic
investments
in
those
ecosystems
can
provide
the
revenue
and
the
business
model
that
we
might
need.
So
we
have
no
value
capture
in
within
hyperserts,
but
if
we
invest
in
things
that
use
hyperserts,
because
that
is
their
competitive
advantage,
that
becomes
a
business
model
and
that's
just
one
of
a
few
different
ways.
C
I'm
curious
also
about
the
duplication
of
credit
for
one
in
One
impact
moment.
So,
for
example,
if
you
have
a
million
vaccines
that
are
created
and
the
funder,
the
vaccines
gets
a
hyper
cert
for
funding
them.
The
transporter
gets.
You
know
a
credit
for
that.
The
injector
gets
credit
for
that
like
how
do
you
ensure
that
you're
not
giving
away
five
million
vaccines
worth
of
credit
for
one
million
vaccines
worth
of
execution?
The.
A
I
really
do
hope,
implement
this
I
think
that
they
are
like
Dows
are
going
to
be
closest
to
understanding
the
and
extrapolating
the
potential
for
this
framework.
I
do
think
that
there's
a
challenge
around
the
fact
that
this
does
not.
This
is
not
a
source
of
funding,
and
if
that
was
reach
for
hyperserts
as
a
way
of
raising
money,
no
no
I.
A
D
A
You'll
be
able
to
identify
perfect
analogs
for
this,
but
I'm
really
excited
about
one
application.
Where
for
a
file
coin
conference
or
an
ipfs
conference,
we
could
say
50
off
your
ticket.
If
you
have
a
hyper
cert
that
that
shows
you've
supported
either
one
of
our
like
either
ipfs
or
one
of
its
technological
dependencies
and
then
for
a
50
discount.
We
sell
all
of
our
hyper
search
for
55,
so
either
you're
donating
five
dollars
to
us,
or
we
are
subsidizing.
A
You
onboarding
and
funding
the
projects
that
we
depend
on,
and
then
you
can
demonstrate
that
support
by
bringing
a
hyper
certain
saying,
look,
I
decided
to
support
this
particular
by
JavaScript
library
that
live
P2P
depends
on
that.
Ipfs
clearly
depends
on
and
as
a
result,
I've
like
protocol
ads
can
create
a
network
effect
and
start
subsidizing.
The
creation
of
public
goods
in
this
way
and
I
would
hope
that
Dows
and
other
conferences
could
start
doing
this,
and
you
could
see
this
start
to
spread
and
really
increase
the
amount
of
public
goods
that
are
funded.
E
Hi
Evan
I've
been
involved
in
quite
a
lot
of
long-running
and
some
short-running
non-profit
projects
where
further
down
the
line,
it's
very
hard
for
everybody
to
remember
and
Achieve
consensus
on
who
made
what
contribution,
and
is
there
any
any
sort
of
Deadlock
resolution
or
conflict
resolution
in
the
job
of
in
in
the
system?
For
you
know
when
you're
trying
to
get
around
to
quantifying
the
subjective,
as
you
said,.
A
Yeah
I
think
that
it
needs
to,
or
does
that
just
stay
in
the
human
sphere.
I
think
it
lays
in
the
human
sphere
quantifying
this
objective
since
2021.
I
I
think
that
it
needs
to
be
like
taking
only
what
is
incredibly
important
to
have
in
the
data
model
itself
having
that
on
chain
and
having
everything
else,
be
something
that
some
evaluator
has
attached
to.