CESC2020: Introducing the Cryptoeconomic Systems Journal

Hello everyone. My name is Racine on Sunday. And today, we're going to go on a short trip to explore a new crypto-currency, with such application systems. General Conference series. What is Spanish a driver to be? By my teachers do congressmen, still get the material and MIT press 2020. The unit size online event at which graph San Francisco, blockchain breaks every happy to be there to give you a rundown on the story so far, this is just the outline of what I'm going to talk about today. And I always like to stop by Framing the problem. In my opinion, one of the main problems we

have is communication, communication is as two humans specialty. And so, let's think about how the conversation. I think about that conversation with you. Damn regret those into small mouth noises you hear or see those two small Mountain, which is of the same text so you know, Britain send text with which they correspond. Then you have to understand, language, grammar, contact number of times. It's much harder when you have something new on technical complicated, Distillery to, this is

one of my favorite names on the screen and what it says Ava, wearing a balaclava and black closet. So I'm sorry, but they mean, different things that we have word that sounds very similar, but I mean different things that, you know, the meaning of words, I'm so different fields. Use the same words in different ways and vice a versa. Here's a nice schematics. That represents a few different things that says always so nice to do for framing and to unpack. And so this is a kind of new. Picture.

This is San Francisco's all the computers, then you can transact information, and someone looks information that looks about you. And in some ways of interconnecting is parentheses is the temperature. Now, I know that in the kevita seen in 2020, shaking is discouraged, but I think this is the symbolic importance of the handshake. I will relieve them. Science and technology or trust and trade networks is a trust minimized environments, whether the blockchain and the network architecture, the song of the heavy lifting. So that people may not need to trust an

intermediary, a birthday party. So that's one of the important things that I'm sure it runs I do, but it's always helpful to have to return. This means that is often friction between the existing Financial Regulatory and they have pushed Vestavia nation-state system and vertically permissionless O'Reilly keyboard, unless I'm here sometimes and not kick set of Technologies. Do people put their currencies in? So maybe we need to reimagine the kinds of institutions in the kinds of power strip has to be

happened. If it's a car engine technology, could help us do that. So I'm going to think of these things is facts of us as a network, an old gas. You can also think of them stacks of layers and so on the left is a sacrilege representation of a good time to see network that we developed after based on similar path. Vitalik buterin 2017 in that place called the meaning of the centralization and we just added a little bit too, sticky the money to you later. I to ground economic characteristics of these networks, I'm done was nice about using arrived and

Rancho disc retardation. So, we have another words inside the Creed of Block Chain, cryptocurrency, minimisation, and still want me to bring it to you in so long. And these words can be very hard to Define in and out themselves that's quite helpful to have something to hang the definition of. So for example, I might have sprained permission is a sump. What occurs primarily on the social and physical a subset of using that particular Legend? Where is the cheapest distance might be so up as more of a protocol less than a minute.

And then you know you can use this kind of attack in France last Framing and go-karts abstract you out of surgeon to what I got on the right way which is what I call you Uncle, goodnight. And this is and how they might be related in terms of I have a scale on this deductions might be increasing complexity or something like that. So who was wondering, what comes next Hamilton? And it's an epidemic and a field, which the question Credit Union in synthetic would bring together a lot of different things. So I wonder what the message said.

Wednesday. But he's your friend of mine has Isaac Newton and my former high-school buddy. You doing in this picture with my feelings and what we need to do, we put that camera systems, that should be the opposite. I'm sorry Isaac. What we need to do is we need to synthesize as an Insight from technical Fields such as photography for engineering distributed systems with the epistemic knowledge from economics social sciences, even philosophy. And so this is, this is one of the

channel to help me. So let's talk about the state of things today. That's have a progress update on where we always done scholarly publishing journals and I know the rest of it and so afraid to say things in the world is Kali, publishing an article that was in the garage in a little while ago, I highly recommend to get an idea of a sense of the history in progression of events that led us to where we are today and see if London is the oldest Granite Institute in the world and also houses

a journal Journal editors George. Gabriel starts at one point was the sole reviewer, as well as the editor and before they became more of a kind of penalized The Royal Society of chemistry and so long. And these Woodstock journals for public attention and surprising public sector magnets saw an opportunity to out-compete this kind of stumbled scholarly Publications, and Jay. Kind of how we dated. And that's how we ended up with this son. Might go to publish it deliberately, but you have this kind of half a dozen

International conglomerates. I really would have choked hold over a great deal of that. I can get you to the point where you may be an academic and you may have Public Funding to your work. And then when you published a quick and journal and members of the public defender, What did John points in order? And we can discuss some of the interesting things that send that we noticed that isn't particularly can't come to the phone last few months because of coronavirus where the need for republication of work

prior to pay review, which can be activated shifting in importance in can adding gravitas to frequency 100 foot and what is also led to an increase in the traction's and an issues being found with the way the work is being done, disseminated that calibrated measured and so on. And so this is really kind of dumb. The World At Large, the large. Well, seeing how the sausage is made with scholarly. Publishing with scientific research and you, as with every sausage being made at 8, is pretty as the end result.

So, I think that, I think it's important, I think it's important that people are getting wise to these things. And so one of the other things that we need to address in Academia Chief problems we have, is this circle publish or perish culture, the academic and immense pressure to continue to publish in his high reputation journals as they can. But the reputation is to publish the incentive, it published in lots of different venue. That will help you get promotions. 10-year birthday, disappointment. So I mentioned. You already. View is the

human verification process. That's at the heart of many academic and Scully Traditions is the same city I paid, the comes into a journal this then people get sent Anonymous double-blinded to the door, open to review it. And I have each other off and then as several experts in different and same with different fields, will take a look at this paper, is based on a set of criteria at Chautauqua Auditorium board. And so, are we doing up here in about weather. It was necessary to and so that's an interesting get up. I'm wide. Open is pretty interesting. I'll get

you later in publishing economics, and it's just something that I'm usually comes before. Now, the movement of typing science and Open Access is gaining steam. You find a thing to talk about his rights. And so, you know, there was a rollover with straight out for about 2 weeks. And then They can dig some perverse incentives that we're trying to avoid with the things that we're trying to address a particular particular system. But it took about the story so far. Install, you should always start with why, why should we create new Journal? A present. There's no neutral.

Instant spinnery open. Access to high-quality. Cryptocurrency, publication ban, you put in the stocks are a few, Plexi students. So, I'm still at the beginning and one of the things that folds up on us to have the fields mature and so important to say is that building between MIT digital currency stiffened, MIT press Rebuilding Center, nonprofit research infrastructure at General in conference series. I want to take care of spider version to give some of the controversy. That's cool. I know

this comes from some work by a to buy program committee members Jason and they wrote the paper several years ago called based on the economics of I will be applied idea of a journal as a knowledge, which is jointly producing a shared resource or local public good. That's what's happening in a group formation so that's kind of community for me and that's something that we very much to help us to develop and the general has various son and specifications requirements in so long. And I expected benefits.

Its Prestige and Prestige is considered by the exclusivity of participation is voluntary. And so it's a background check to Howard Club, my work. What's the price ice into like in subsequent papers in and I'm just searching so long. Are the interesting thing to say, is the producers and consumers, in this case, I noticed, except for the people watching the papers open up quite heavily with the people that are reading the papers on the University smoke-filled.

So, I think that's a present anyway. So I think that they open up to the moment that we need to get to. The shed, is mutual tension to an idea ideas in the papers, and the epistemic formation around tripped trying to help Foster a lift in the, in the sphere of different kinds of production. And so depending on the amount of rivalry and the speed ability, you have a private Goods, services and public goods are in the situation where there's no rivalry, but High School Economic systems is a human endeavor.

We have people working behind the scenes, so we have three editors and Rehabilitation assistant professor of computer science at University of Illinois, Urbana-Champaign Board of advisors at to help us navigate our way through this novel territory and they range from. And noted Economist Chicago to an advantage of cryptographic instructions, during the medal winners, principal researchers that big tax and your former regulators, and in the between the Syrian crisis, and we're trying to help to synthesize and Great Lengths between Academia practice here.

So, I'm stopping at least with a invited Summit, in October of last year at the MIT media, lab, attendees and 62s workshops and panel, ready. Trying to scan collectively and brainstorm, with the opening challenges, and answered questions in the road, blocks and barriers to the maturation of a Nexus of a distance between Newfield. We've been engaged on a office to review season over the winter received papers submitted and sent subset of Boyz II Men. The TV program committee across disciplines

conference 2020. My team at the MIT just before everything. Shut down for Coronavirus to. This was one of the last conferences, before the world really changed so happy that we've managed to squeeze in in time. But we will also have very mindful of any potential Public Health implications are very happy that I'm very few of those soup tureen So, I just want to give you a free breakfast. Two of the kinds of ranges of papers to be accepted and the r in the

current economic systems. 20 program, we have papers on a pitch to economy 6 Medical Center Drive in possibility of a resolving the existing Financial system with the ultimate in smart contract, current events. I'm taking systems engineering and complex science. Complexity science perspective to quickchek on your system. I'm sorry and we're in the advanced stages of preparing. Our first issue, the first to issue 0 the journal and I just want to show you a preview of how that is looking on L platform, which is cool. Papa Jack, Beautiful by disco

substrate for publishing all kinds of things for experimental and forward-thinking and rising out of the collaboration between a mighty present, MIT media lab a standard feature creep. So they do some great work with that particular top pop and under light So and I want to know, shift gears and we'll talk about some of the structural issues and things have been accounted for trying to adjust interdisciplinarity. Said Maltese Maltese Transit Authority is the existing structure

is rewarded. Don't like to think of University's Department of Faculty University, as little power of its own and the incentive for staff members declined in the Ivory Tower. That's how you get your professorship. Are you join the deanery? Whatever it is you're looking for and so the incentives a little bit. So it's more incentive lined for people to stay in the lines are going to kind of be cancerous. Albert at 5:40 changing don't mean to say is that there's alcohol menu

in the Ravine the publishing tradition between fields. And so after exam in a little blue reviews of my students in economics, she wants a picture of the American system in here. Looking for you are trying to publish in one of half-a-dozen Monolithic, journals that existed for fifty or a hundred years, perfecting speed wish to feel pleased and what tends to be full grounded conferences, first and then Publix after the fact. And so different kind of income possibilities on the

slide there which I think is pretty interesting to explore, which is further from us. People making Valentine. As long as we understand, but I hope that new generation of interdisciplinary sinkers and researchers will will the much, and then I see myself putting in as well. So I give Auntie disparity idea of each of the points is epistemic. And then the edges, they represent interdisciplinary interdisciplinary. Approaches, approaches positions of multiple notes in the voice of

Tolerance and diversity in different field. Scotch develops and time goes on this thing will get easier. Finding their funding special University by activity Zone on God during police transpired since I got on the policy. And I'm so it may be that those are leaving to digital than conservative and it makes it harder to find more adventurous and interdisciplinary research. Okay, I want to talk now, a little bit more about. I'm so happy, she has very across Fields. As we said earlier reports with the previous, some slides

findings. We also find the practice in theory, I could mitigate this tragedy of the commons situation with. Can we incentivized? Can we help people make it a priority, Macadamia industry, every Hartman to get full of the time to take engage in this laborious, verification process. And so we trying to find ways that we can and incentivize or answer in August at that time. But the same time we're trying to find ways that we can improve. The review process speed up making more transparent and make it function better. I'd

like to review. And so we are open to ideas on all of those things. So happy to hear any thoughts, you might have What are the things we're looking at? Is that is a papers will get sent to a conference with General. They will get reviewed and then the reviews will get sent to the office at the time of the outcome, and then that's pretty much. It is basically going to be in the ocean wave of bombings of Reba Jackson gets scared and so we want to encourage

transparency. So you want to use this DVD review output has a way of speeding debate in the community and I think that's very important for us to build legitimacy like to Interstate which I think is is already on the volume in six seating at that as result of the conference's interview faces. So interesting idea that we've been exploring which I'd be very interested to hear. Anyone's ideas on the Destin is the idea of PSP review. The idea being that we can go.

Anytime. Ain't that something you can take perspective from different fields, we can look at papers in a new contacts in the new light up, the time has passed and we can maybe pick out inconsistencies or shortcomings in Dallas in April 4th edition Authority. For the research at the purpose of a search. Going forward to seeing these kinds of Statistics. You have I'm reviewing every school is on the right. You have PayPal average schools but we noticed it is the way the review process works. Find the review is the review of

quality score between one and five. Where one is the reject 2 days a week project. Week. Except for his next action, fighting strong accept. This is like, no from 125. How strongly at how? Well, as the review of views, the courts of paper. We found was that there was a recipe between and the schools that people from more technical backgrounds with caves and people from other back ground. And so that we can either come back in and calibrate for that. I

will give a nap at fat tag out if they refuse to be on the North side, for example. So I want to say something about the interaction of Academia practice hit. You know, cryptocurrency did not come from the Academy PDF Server 2008 and much of the weather predicted. I could even you in so many ways. I could see where is an industry at the sentence. You're lying to me, fast, and hopefully not working. So, I think I need to tell me one right now. And if it isn't every Campus of University, Campus Club,

increasing structural economic and social problems at universities and then maybe publishing between academics in industrial experts and helps to give the University of a new place soon into French for Century. I want on the interesting trends. Text such as Microsoft Amazon, and Google. And it seems to be a compatibility of the kind of research track career service, let me be different stations of. Outside Academia. So for example, if you work at a company that doesn't really engage in the process of of them,

you know, it's production and then the management of time and effort this required to keep this kind of tea review. I just want to show you something that texted back and give me some historical context and black-hearted circle context about academic service. So I can make some trolley service and ask him to be serviced May mean that they have to take the eyes of something else but is an ongoing problem. So this is the tree going over, some historical issues, a text into a canoe

phone tablet, 2700 years ago, Middle East in the front of us who were complaining and the time was being split between Minister duties and research duties. So I just want to say in a wrap up by saying something real quick about Open Access, which is close to the idea of Open Source and the idea of the publishing economics around that I'm done with Charles office for submitting up for the journal and people setting up now kind of scavenger and has been a bad rep around academics at the moment. So

this is a vicious circle that sends it falls upon many of us to try and at 10 Breakout by producing good quality Publications. It is a very big problem with the economics of open-access, you pay a fee. I just thought, regardless of whether the papers to reject in 15 seconds were accepted it. So they're all kinds of problems and Justin's house on Monday. And so I just want to leave the leave you with the final questions about whether we should set up a preprint server, how we can manage Conference of missions. So the papers can go to more than one. When you how do conflicts of

interest at Magic Springs admission management platforms? We looking for event hosts which service is it difficult to fundraising ecosystem something like I want to thank you for your attention attention to journal issues Europe which comes out soon. And the Cooper take this book, show me my name is Racine and you can reach me at 8 to ask for technical assistance. Thank you very much for your time.