Embracing the Permissionless Economy: A Call to Action
Written on
Chapter 1 Understanding the Permissionless Economy
From a young age, we’ve been conditioned to seek approval. Whether it was asking your parents for a treat, your teacher for a restroom break, or your boss for a day off, the need for permission has been ingrained in our lives. Every action and thought seemed to be under the scrutiny of an invisible committee, dictating what we could do based on their approval.
This way of thinking might have made sense in the past, perhaps during the 1800s or early 1920s. However, the world has evolved significantly since then.
What has changed?
Our lifestyles, business practices, and the dynamics of our economy have all transformed. Yet, our mental frameworks and outdated customs have failed to keep pace. Many of us still harbor a fear of rejection, leading us to conform and seek validation from others. We often suppress our true selves, seeking approval to avoid offending anyone.
In a world where consumers demand results before making purchases and prefer to experience products before committing, this mindset is no longer viable.
You don’t have to wait for permission; it’s always your moment to take action, even if you haven’t realized it yet.
In this new permissionless economy, the guiding principle is to act first and apologize later. Progress is about moving forward with positive intentions and reflecting on outcomes, rather than waiting for external validation.
The permissionless economy encourages us to act with urgency, providing value to others even before they ask for it. It’s about bypassing the need for permission and instead cultivating genuine consent and engagement.
How a New Permissionless Economy Will Change the Future
This video explores the transformative effects of adopting a permissionless approach in today’s economy. It discusses how this shift can empower individuals and promote innovation.
Section 1.1 The Shift in Mindset
To thrive in this new economy, we must abandon the old habits of seeking approval. Instead, we should focus on taking initiative and being proactive.
Subsection 1.1.1 Embracing Proactivity
Section 1.2 Moving Beyond Approval
In a permissionless environment, the emphasis is on delivering value and taking responsibility for our actions. This shift allows for greater creativity and collaboration among individuals.
Chapter 2 The Limits of Traditional Consensus
The Economic Limits of Permissionless Consensus (FC '24 Keynote)
This keynote presentation delves into the constraints of traditional consensus mechanisms in a permissionless economy, highlighting the importance of adaptability and innovation.