How Technology Could Transform Our Failed Economic Models with Victor Vernissage rom Humanode

What if blockchain technology could emancipate us rather than just enrich speculators? In this wide-ranging conversation with Victor Vernissage, researcher, economist, and founder of Humanode.io, we explore how emerging technologies might transform our economic systems if deployed with democratic values rather than purely capitalist structures.

"Crypto is mostly about speculation. It's the main use case right now," Victor explains, cutting through the hype to address fundamental issues with current blockchain implementations. He argues that most systems remain "purely plutocratic, oligarchic, capitalistic structures where the more money you have, the more power you have," despite revolutionary potential for something entirely different. The discussion challenges widespread economic illiteracy underlying many blockchain projects, with Victor boldly stating that "neoclassical economics is complete bullshit" that fails to model real-world complexity.

We venture into fascinating territory when discussing how blockchain and AI technologies intersect. Victor outlines four major possibilities: decentralized AI computation keeping conversations private rather than corporate-controlled; autonomous AI agents that can trade independently; governance systems for artificial intelligence; and new economic structures for a world where AI displaces human workers. Humanode specifically focuses on creating "one human, one vote" governance systems using biometrics to verify unique identities without compromising privacy.

Perhaps most revolutionary is the potential for wealth redistribution through technology. Victor describes how AI agents conducting transactions generate fees, which typically flow to wealthy validators. However, with systems like Humanode, these fees could instead be distributed equally among participants, creating "not money for nothing, but money for something" – a new economic model beyond traditional UBI concepts.

The conversation ultimately reveals that our technological future isn't predetermined. While current implementations often reinforce existing power structures, these technologies could create more democratic, equitable systems if implemented differently. The question isn't whether technology will transform society, but whether we'll allow that transformation to serve humanity or exploit it.

Ready to rethink everything you thought you knew about economics and technology? Listen now, then join the conversation about building a more democratic digital future.

Send us Fan Mail

Musis by Bitterlake, Used with Permission, all rights to Bitterlake

Support the show

Crew:
Host: C. Derick Varn
Intro and Outro Music by Bitter Lake.
Intro Video Design: Jason Myles
Art Design: Corn and C. Derick Varn

Links and Social Media:
twitter: @varnvlog
blue sky: @varnvlog.bsky.social
You can find the additional streams on Youtube

Current Patreon at the Sponsor Tier: Jordan Sheldon, Mark J. Matthews, Lindsay Kimbrough, RedWolf, DRV, Kenneth McKee, JY Chan, Matthew Monahan, Parzival, Adriel Mixon, Buddy Roark, Daniel Petrovic,Julian