Web3 builder is a pirate first

Pirates are pioneers of democracy

“Being a pirate is better than joining the navy,” says Steve Jobs .

“To live outside the law, you have to be honest.”  Bob Dylan sings.

They’re all right, and they all apply to where Web3 is going.

Why?

Pirates were the “Internet celebrities” of the 18th century, representing the yearning for life at will

The pirates of the 17th and 18th centuries were fascinating. The social mechanisms employed by pirates and other social robbers can be summarized as liberalism , democracy , federation , equality , brotherhood , and community .

Long before the American or French Revolutions, pirates lived more or less according to the principles of liberty, liberty and equality. In fact, pirates are the forerunners of democracy.

They instituted a system of checks and balances, creating a representative legislature that retained some power. Perhaps most importantly, though, the Pirate Code was revolutionary in its approach to taking the power of any individual and placing it in the hands of the majority.

In the movie The Curse of the Black Pearl, according to the Code, Elizabeth won the right to negotiate with Barbossa from the pirates.

In the real world, the Code is real. It was written by two pirates, Sehun Mamuel Roberts and Henry Morgan, and stipulated many rules of conduct for pirates.

The “Pirate Law” not only stipulates that every crew member on the ship has equal voting rights, and that those who steal the property of their accomplices will be abandoned on a desert island, etc., but also stipulates that gambling is not allowed on the ship, and the lights are turned off at 8 o’clock in the evening… …

On the surface, everything about Web3 looks like a pirate. Aside from the obvious negative connotations of looting and pillaging (NFTs also have rug pulls, don’t they), their ideas of democracy and equality are really ahead of their time.

code is law

Pirates have a code, just like Web3 organizations through smart contracts have code, and that code is law.

The first rule of the Pirate Code: ” Everyone shall have the right to vote in matters of importance ” ensures from the outset the right of one person to participate in the selection of captains and other officers. With this right, each crew member elects a captain who is granted full authority only in the event of distress. The crew, not the captain, had the power to decide which way to sail and whether to attack a particular ship or village.

“In order to cooperate for mutual benefit – indeed, to advance their criminal organization – pirates need to prevent their illegal society from degenerating into chaos.”

– Peter Leeson

See, pirates need order and structure, and even Web3 Degens need to keep themselves out of chaos.

Pirates elect captains and quartermasters—the latter adding further checks and balances, and they can overrule the captain’s orders if they don’t serve the crew’s interests. Another stronger check on captains and quartermasters is that they did not hold their positions on the basis of natural rights, blood, or combat success. The crew elected them and could remove them.

When questions arise about the rules of conduct on board, the power of interpretation rests not with the captain but with a jury of crew members.

Pirate councils (the term used to refer to pirate crews) are responsible for removing officers from their posts and then selecting new candidates to fill those positions. Pirate crews can choose to remove any captain they deem abusive or poor judgment.

“There is little government and affiliation between pirates, and sometimes they are all captains and leaders.”

Decentralized or cursed?

This is why the idea of ​​a fully decentralized autonomous organization (DAO) doesn’t work, “code is law” or not. We’ve seen the early results of DAOs get messed up, whether it’s being used by hackers to do social engineering and get majority empowerment through token ownership, or raising money through collective ignorance of the entire decentralized structure and then squandering it entirely .

DAOs still need captains and quartermasters. DAO reminds me of Holacracy, but the end result is not so great for a company like Zappos.

In Volume 2 of A General History of Pirates (published in 1728), Captain Charles Johnson tells the story of Captain Mission and his pirates who established a utopian republic on the island of Madagascar. They call it “liberalism,” where societies will be built on ideals of liberty, equality, and fraternity.

These pirates who settled in Libertalia would be “the vigilant guardians of the rights and liberties of the people”; they would be the “force against the rich” of their time. By waging war on behalf of the “oppressed” against the “oppressors,” they would see that “justice is equally distributed.”

Of course, Libertalia has been debunked as a complete myth, but it does sound a lot like the ideals of Web3, the NFT movement, and why cryptocurrencies are so closely tied to the freedom of the current world order.

But in the end, even the pirates themselves understand that true freedom still requires their own governance, and Web3 has to learn from it—in fact, it’s the missing piece of the industry right now.

Web3 failed to self-regulate during its development, as the industry was so focused on iterating and building quickly, the side effect of which was real banditry happening everywhere. The results are now starting to see the Old World take notice and step in.

The UK now recognises that NFTs are an asset that requires consumer protection. Despite the volatility, there are mortgages and loans against virtual asset and cryptocurrency holdings. Hedge funds have bitcoin and other Web3 assets in their portfolios. Financial institutions are buying virtual real estate in a digital land grab.

The real world is catching up. Much like its effect on the old pirate society.

Web3 is like a pirate.

Echoes of democratic and economic ideals such as freedom, self-government and community echo. Pirates know how to succeed at this, and Web3 ignores the lessons of 400 years ago, and with a little tweaking it may be just as successful, but it can also be resisted to the point of losing its authority entirely.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/web3-builder-is-a-pirate-first/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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