“Enklave” the place of global money rebalancing ~Introduction~


Money and finance have been around in one form or the others since the dawn of human civilization. We might say that crypto currency became just one form of those how to symbolize an exchangeable intrinsic value in it that can be used in markets or places. Even when Nixon brought the end of the Bretton Woods System those fiat moneys in the world had become just a symbol for the sake of exchangeable value for markets. It reminds of the book “Symbolic Exchange of death” by Jean Baudrillard. It illustrates the concept of the three orders of the simulacra, defining the historical passage from production to reproduction to simulation. In the described system capital must be endlessly accumulated. Capitalism thus introduces the irreversible into the society, by means of accumulation.

Photo by Carlos Angulo

With blockchain technology De-Fi seems to have opened new door to decompose and unbundle financial services but it would be just an extention of capitalism system, which does not sound innovative and revolutionary ever. Let’s delve further into this. [1]

The Decentralized Finance (DeFi) or Open Finance movement takes that promise a step further. Imagine a global, open alternative to every financial service you use today — savings, loans, trading, insurance and more — accessible to anyone in the world with a smartphone and internet connection.

At this point De-Fi coexists with DApps to provide high availability, auditability, transparency and neutrality with eliminating some censorships for some degree, which is good. However it would accelerate capitalism in the decentralized world with interest. Mining and staking of crypto currency are the same too, those are all about capital accumulation for haves and those are not for have-nots. That’s why Silvio Gesell proposed a negative interest rate for monetary depreciation on fiat money. [2]

The movement looks irreversibl and repeatable nightmare. People and the society have not evolved ever and the same aphorism can be usually evoked from the bible. It’s still so true. Thomas Piketty’s book Capital in the Twenty-First Century (2014) presents his central thesis that the owners of capital accumulate wealth more quickly than those who provide labour, a phenomenon widely described with the term “the rich-get-richer”. [3]

“To him that hath, more shall be given; and from him that hath not, the little that he hath shall be taken away.”

But I know people like it. It’s said that capitalism system is as ‘natural and organic’ as living and breathing as Mark Hunter argued that any attack on capitalism is ‘an attack on human nature’. People might like the inequalities and injustices of capitalism to invoke some incentives to be the one “To him that hath” and engrave this design in the society and on our mind. I think the system is robust and elastic but not sustainable. Because this is just the game of endless accumulation of capitals. Here is space to allow us to critically question claims that capitalism is the natural order of things, or the highest expression of human nature. We might not need to decompose and unbundle finance such as De-Fi does, but dismantle it and violent capitalism itself, which is irreversible.

Let’s make it reversible now. Redefine how monetary values, wealth and labour coexist, a phenomenon of exchanges in social life dramatically. Here is newer version. It’s simple enough.

“To him that hath not, more be given, to him that hath, the little that he hath shall be taken away.”

“Enklave” would be the place of global money rebalancing for people who have crypto currency in account or wallet by a Enklave smart contract. It balances monetary symbols such as crypto currency or digitalized assets between people and chances brought by those values will be distributed.

Disclaimer: I do not endorse or promote any of the projects or crypto currencies mentioned in this article. Any descriptions of functionality and services provided are for information only. I am not responsible for any loss of funds or other damages caused as a result of using the crypto currencies described above.

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of me, and its affiliates, and I am not responsible for the content of any Third-Party Sites, including without limitation any link contained in the Third-Party Sites, or any changes or updates to the Third-Party Sites. I am providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by me of the site or any association with its operators.




Cloud Architect and Blockchain Enthusiast, techflare.blog, Vinyl DJ, Backpacker. ブロックチェーン・クラウド(AWS/Azure)関連の記事をパブリッシュ。バックパッカーとしてユーラシア大陸を陸路横断するなど旅が趣味。

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Yuya Sugano

Yuya Sugano

Cloud Architect and Blockchain Enthusiast, techflare.blog, Vinyl DJ, Backpacker. ブロックチェーン・クラウド(AWS/Azure)関連の記事をパブリッシュ。バックパッカーとしてユーラシア大陸を陸路横断するなど旅が趣味。

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