♨️ Web3 as a Schelling Point for regenerative projects
What is Schelling Point and why is it important.
This is article 1 of 7 for The Tech Progressive writers community, where we will post 1 article a day for the next 7 days.
I heard about Schelling Point multiple times from crypto twitter but never really paid attention to the depth of meaning behind it.
Only after watching various mind boggling presentations from Ethereum conference 2022 in Denver, did I understand the importance of Schelling Point, especially the role of blockchain technology to solve various world problems such as climate change and inequality.
📗 So what is Schelling Point?
The term comes from the concept of Game theory. Schelling Point is the most obvious selection, chosen by default, without any communication. It is a focal point for people with the same intention to gather without coordinating.
For example, gathering around a campfire to keep warm, hanging out in a hostel lobby to meet new people, or mingling on a dance floor to find love.
“Schelling point is cooperating without Communicating. People who can’t communicate can cooperate by anticipating the other person’s actions”
Naval Ravikant
As suggested by Naval, check out the book “Strategy of conflict” to learn more about the concept of Schelling Point in game theory.
🧠 Why Schelling Point is important?
In the digital world, everyone using social media has an opinion on everything. After seeing lots of negative comments on various issues, it seems hard to agree on something over the internet, let alone to coordinate and build something positive.
Thanks to blockchain technology such as Web3, we now have a Schelling Point to create impact, especially through regenerative (regen) projects.
source: Safder Raza
For example, the sporadic creation of various Impact DAOs, decentralized organizations working to solve hard global problems such as public goods funding, carbon sequestration, and crypto based universal basic income, just to mention a few.
It revolves around the Ethereum layer as a Schelling Point. Though most do not implicitly communicate with each other to make decisions, it resulted in a stack of impacts which will compound in the long run.
“Web3 is a Schelling point for the hopeful, rejecting doomerism and building a better world”
Kevin Owocki.
To learn more about Web3 Schelling Point and discover various regen projects, follow Kevin Owocki on twitter. Check out his network. Read and engage. And the magic of twitter algorithms will serve you well.
Conclusion
To solve huge problems, we need a Schelling Point that allows scalable, open, and decentralized solutions. Especially in the world that we are living in right now, where the “why” is more important than the “who and where”.
Hopefully, by writing this short article, I can coordinate with people with the same vision to create a more sustainable world for the generation alpha.
Lets win and help others win too!
Thanks for reading this article and enjoy the weather ☀️.
*Article poster by Dziana Hasanbekava from Pexels
Great post. I've always found schelling point interesting, and this was a helpful explanation. Great stuff 🚀
Great read and the campfire/dancefloor analogies quickly helped me understand the significance. My mind immediately went to that of a band finding each other's rhythm to collectively produce new work. What common digital platforms can be used to achieve the same harmony? For example, what brings a coder from GitHub together with a designer from Figma to coordinate without communicating?