I’d like to share this video with you: it’s an interview with Cryptographer Ian Grigg, who talks about ground principals in different generations of bitcoin.
The video is quite short, and brings a lot of basic considerations behind crypto together:
I try to summarize the core considerations:
1) All contractual transactions require a 3d party for a neutral and formal confirmation of that transaction
2) In a Blockchain like Bitecoin the decentralised network takes over this role of authority
3) Riccardian would be a contract strictly between two party without external confirmation. This raises the question of a unique identity
4) Bitcoin rejects the use of contracts because this would identify actors and thus make them attackable.
5) A social network of stakeholders, who are all invested personally, would be the only proper way to create a computable form of identity.
I assume this way person to person contracts could be genuinely decentralised.
Of course this helps a lot to understand what Dan is after, when he works toward a constitution where there is used no force, and also what Steem, which among other is intended as something like a giant experiment in reputation- and thus identity-building.