Shining like a beacon of light through the smoke & mirrors of scammers in web3, Gitcoin is a community that epitomizes Trust. Because harnessing web3 Network Effects holds the key to solving major global problems, wisdom pertaining to Public Goods & Gitcoin Grants must be imparted onto new web3 users for education and edification. Sybil Resistance, Decentralized Identity, and various solutions aggregated by the game changing Gitcoin Passport will be the focus of the Archimedes Lever in GG18.

The Archimedes’ Lever is a metaphor for web3. This project began as the Neuroscience of Ethereum in Gitcoin Grants round 15. The idea was to bootstrap a human node network by upgrading & decentralizing science to help us better source Truth from our World. Deeper explorations about the Neuroscience of Ethereum & the Nervous System via the Active Inference/Free Energy Principle framework illuminated how Smart Contracts replace Middlemen, and further informed how these insights can be applied to create Value for web3 end users. 

“We have to start with the customer experience, and work backwards to the technology,” said Steve Jobs. By chaining the entire sequence of events from inputs to outputs, value extraction can be minimized and end users who contribute can be rewarded proportionately for their efforts.

What kind of efforts? In place of mining Bitcoin or staking Ethereum, the decentralized technology stack is evolving to similarly accommodate the configuration of real-world actions that promote well-being. Examples of such actions include maintenance of Sleep Hygiene, or the optimization of mental health through personalized Neuromodulation. Innovations in Triple-Entry Accounting & Double-Token Debts transform the relationship between Labor & Capital such that end users can be reimbursed with digital forms of value for engaging in real world actions & behaviors deemed to be consistent with a network or ecosystem’s consensus algorithm. 

In other words, instead of going to the Assembly Line to contribute Labor in exchange for Capital; web3 can bring the Assembly Line to meet us where we are. And crucially, this must be built in Public. For the People, by the People.

But first we must bridge more people to web3. 

Spearheaded by breakthroughs in Elastic Decentralized Finance, pieces of the puzzle are finally coming together to materialize – what seems like a fantasy – into reality. The full potential of Peer-to-Peer Consensus beckons to be unleashed.
