Philosophy

Triangle Impossibility Theory and Extension

We often hear of the triangle impossibility theory, that is, "decentralization, economy and efficiency" cannot be coordinated. It seems very correct. It can indeed be clearly expressed on the triangle of the two-dimensional plan. But let's zoom in a bit and consider that the area of this triangle is of a certain size (the area represents "non practicality"). If the area is infinitely large, it means the system is not operational, and if the area is infinitely small, it can ignore the theory that this triangle is impossible. For example, the triangle area of the triangle theory of Bitcoin in POW is much smaller than that of Ethereum in POS, which means that the latter is much more practical. Therefore, the Openverse main network adopts POS while providing security for heterogeneous networks, which minimizes the impact of its triangle impossibility theory and even does not need to be considered.
Economic effects, environmental protection: So far, all social collaborations are moving towards globalization, from bank SWIFT and transportation networks to the internet, international organizations, and abstract standards and protocols. Every step of progress is actually reducing transaction friction costs, and blockchain technology is naturally born for this purpose. It can standardize value, digitize, and unify transactions, making it the best collaborative tool currently available. Therefore, Openverse currently adopts blockchain technology as the underlying layer, while using partial decentralized consensus technology POS. Compared to POW's Bitcoin network, the operating cost of Openverse's entire network may be one million times that of Bitcoin.

The balance between centralization and decentralization

After thousands of years of development, humanity has formed various levels of centralized governance and management institutions, but it has also caused many problems, including abuse of rights, single point risks, and so on. With the emergence of the Internet, for the first time in human history, "transparency of information" has emerged. With the emergence of blockchain technology, we have achieved "transparency of value" and "transparency of decision-making". If 'promoting the rapid development of a society, ecology, and organization' is its own mission, and it requires participation in external large-scale collaboration, there must be a balance between centralization and decentralization. Because centralization represents economy and efficiency, we can use decentralization to promote "fairness, justice, and openness".

The Innovation and Risk Balance of Science and Technology

The invention and innovation of technology always drive social progress, enhance the ability of the human body, promote social cooperation, and seek more material and spiritual supply for human life. And scientific creation is always ahead of the times, which may lead to absurd reasoning conclusions. Just as Openverse uses blockchain/Web3 technology and PCIM to issue Bitcurrencies, it is a practice that goes beyond sovereignty and current laws. But it's not necessarily a bad thing. The path of human development is definitely not following the rules, and we should balance risks in innovation.

World Diversity and Government Management

On the other hand, Openverse does not advocate that there is only one chain or one protocol in the world, maintaining the diversity of the world and allowing for low-cost and reasonable value exchange. Therefore, Openverse advocates that the Value Internet should inherit the architecture of the Internet, separate public and private domains, and advocate for "heterogeneous networks, unified protocols, and mutual communication". Openverse provides a protocol platform for countries, society, technology enthusiasts, and the general public, rather than a decentralized anti government platform. Therefore, Openverse hopes that various countries will actively participate in node construction, participate in ecological voting governance, and use Versed blockchain programs to run specialized blockchains, enterprise blockchains, and government blockchains.