Make all humans incentive-aligned toward creating value to the world.
1. Our Vision
Our vision is Making all humans incentive-aligned toward creating value to the world.
Previously, we’ve delved into the intricate connection between productivity and asset. However, after months thinking an building in blockchain, we uncovered a groundbreaking realization: it’s not merely about leveraging assets to spur productivity, but also about employing a unique, incentive-aligned technique to engender a more prosperous, positive-sum world.
So, what’s our vision? We’re aiming to making all humans incentive-aligned toward creating value to the world. The advent of account abstraction offers us a perfect launchpad to commence building this brave new world.
2. Account Abstraction and why it is important
Before we dive into the concept of account abstraction, it’s pivotal to revisit our understanding of assets. Assets hold three crucial characteristics — ownership, security, and interoperability. They should be possessed by their rightful owners, resistant to theft, and readily exchangeable with other assets. Picture this: it’s 500 AD and your hard-earned wealth from a successful harvest is securely locked in a sturdy box, hidden carefully. Yet, if a thief were to get a hold of the key, all would be lost. This conundrum is analogous to the state of assets in the blockchain ecosystem before the advent of account abstraction.
Account abstraction revolutionizes this landscape, turning the physical box into an abstract construct — an account. This transformation allows you to delineate how you interact with your assets, who can access them, and under what conditions. Just like your current financial portfolio, where you keep cash on hand, have a daily transaction limit for your bank account, have investments in stocks, a hefty safe with a dual-access password, and even a credit card for your children to spend responsibly.
Assets hold three crucial characteristics — ownership, security, and interoperability.
3. Roadmap toward the vision
In line with our vision of realigning human incentives towards global value creation, we’ve charted a three-phase plan for the upcoming 10–20 years:
a. Build an interface between people and their asset account
As more people start using account abstraction, features like not needing a seed phrase and making transactions without gas fees are becoming popular for the next wave of users. However, we believe that account abstraction isn’t merely a new wallet with social login.
Users will possess multiple accounts with specific asset constraints and validation methods. This necessitates an interface to manage and interact with the various accounts and corresponding decentralized applications (dApps), akin to how we navigate through apps installed on our phones.
b. Elevating incentives for collective creation and contribution towards a positive-sum world
With the ability to manage and utilize their assets freely, creators can share their creations’ value with like-minded individuals.
For instance, builders could invite users to propose feature requests and reward valuable contributors with early access or discounts. Through this aligned incentive and value accrual method, value creation will transition from a top-down approach to a bottom-up, positive-sum process involving every participant.
c. Remove incentive for harmful behavior like violence
While positive value creation is incentivized, negative behavior tends to follow suit.
In this phase, we aim to remove incentives for such behavior. With advancements in biometric identification and consciousness interpretation, we envision a future where asset transfers could only be executed via a ‘Proof of Will’. This ensures that assets can only be transferred willingly, rendering acts of force, such as robberies, pointless. Although this concept needs extensive research and discussion, it has the potential to significantly reduce crime in our society. 4. Laying the first brick
As the first step on our exciting path, we’re excited to share with you MoonChute 2FA Protection. In alignment with the first phase of our roadmap, MoonChute is more than just a security feature; it’s a pioneering attempt at building a bridge between people and their digital asset accounts.
MoonChute’s architecture encapsulates our commitment to strengthening the bond between users and their assets, thereby transforming the way people manage and interact with their digital possessions. By establishing a base for smoother and safer access to blockchain assets, MoonChute is poised to lead the way to our ultimate goal of creating a world where everyone can contribute and accrue value seamlessly.
5. We need your help
Your help is invaluable in this transformative mission. Whether you’re a builder, investor, thinker, or advocate of decentralization, we invite you to join us. Share your insights, feedback, or any thoughts that might further our cause.
Follow us on Twitter to stay updated with our progress and share your thoughts directly with us — our DMs are always open! Your feedback and support will be instrumental in shaping our path forward, pushing the boundaries of what’s possible in the world of Web3. We’re excited to venture into this brave new world together.
If you would like to try 2FA protection for your asset, please refer to MoonChute.