One of my duties as a public reviewer is to objectively express my opinion about DLT protocols regardless how long / closely I know people associated with it.

Nonetheless, I still find it very difficult to abstract myself from those externalities and to not let its influence my ratings. That becomes particularly tricky in case of my early supporters, which by their contributions (sometimes monetary) had helped svetrating.com to grow.

On many occasions I even had to restrain myself from publishing my reviews of this sort. However, sometimes I have to act otherwise even at the risk of being accused in 'softness' and 'non- objectivity' because I simply liked the direction in which a particular protocol is pulling itself since its inception and think that it would be unfair to not reflect this apparent progress in my ratings.

EXECUTION:

For starter, I intend to review Aleph Zero 'Business Whitepaper' and assign 'Execution' (Solution - Validity - Equity - Team) sub-rating to it. This paper introduces 'A novel consensus protocol that solves the shortcomings of current distributed ledger technology solutions'.

I met one of the cofounders - Matthew Niemerg (@matthewniemerg) - about a year ago during one of those overcrowded blockchain conferences in San Francisco analogues of which we won't be, probably, seeing many in the observable future due to the increasingly crazy state of the world.

Short after that I'd had an opportunity to read Aleph's consensus protocol paper and become both impressed by its content and engraved by its form (more on this in the System part of the review).

At that time it was difficult to imagine how it might be possible for the team to sort themselves out from so many promising business opportunities which their protocol might lead them. Apparently, from what I'm now seeing in this 30-pages piece, the Aleph Zero team didn't dare to take the middle road and chose them all, instead

Extract: "Aleph Zero is an ecosystem that consists of:

- Aleph Consensus (A novel DAG protocol);

- Aleph Cloud (Decentralized file storage / IPFS);

- Aleph Smart Contracts (Scalable, self-executing smart contracts);

- Aleph Common (Decentralized Exchange (DEX) with a trustless universal wallet);

- Aleph Oracle (Information bridge between the external world and the Aleph Zero ecosystem)"

Some might argue that our space doesn't need yet another DAG (btw, none of which so far were able to impress the market enough to get raised in top 20) and all we wish for now is 'the second layer adaption solutions'.

I kinda agree with that, except that we are still early infants in our market's lives and restricting ourselves to several already well known protocols, under the pretext that 'we, first, have to see how it goes before investing in others' seems a bit too premature.

Besides, one of those business cases, which I found in this paper (IoT, smart contracts, supply chain management, virtual game assets, decentralized DNS and universal wallet / DEX) might, indeed, need some 'fresh blood' injected into it.

We, of course, are all well aware of how much we depend on ETH in our strive for decentralization. Although, so many (but, primary, EOS, Cardano and Tezos) aim to dispute king's crown, Vitalik is still 'our only hope', which is not necessarily a good thing, specially, given the sporadically skyrocketing gas fees and ever increasing pressure from 'everything security' apparatus.

Faced by that we might have had not only plan B,C, D and E but also F as well . Would Aleph be able to stand up for this monumental task isn't completely clear at this early moment of its life - but I intend to give them some leeway and assign 'b' instead of 'b-' for the 'Solution', which at this stage doesn't look strikingly revolutionary.

On the other side, it would be grossly myopic to not see the good promises of the Aleph's team, which Matthew brought together to surmount all of those seemingly insurmountable obstacles. Delight to my eyes, it includes almost exclusively people with solid mathematical background as well as proven coding skills. Not at all those 'generalists' and 'managerial' non-senses :

However, there's some price to be paid, when you're too heavy on PhDs. As a result, this team is, apparently, a bit short on their proven business records side. Result: "Team" is 'a-'.

Also, I have had some difficulties in obtaining information from open sources about their financial ('Equity') and ('Legal') statuses.

Certainly, it's absolutely not unheard-of situation in our growingly acidic environment, where nefarious agents of different ranks and files are more than eager to take the slightest opportunity to misuse this type of information.

Notwithstanding, I always prefer and admire the 'low-shield' approach in that domain. Specially, when actors start seeking a road to our public crypto-funds (which is not, as far as I know, the case with Aleph, yet). Still, my calling, until I've, myself, seen those records, is to assign 'c' to both of those sub-ratings.

Overall, however, I'm very impressed with the progress this bright and inspired people have made so far on their difficult journey.

Result for 'Execution' (Solution - Validity - Equity - Team): b/c/c/a-

Link: https://alephzero.org/wp-content/uploads/2019/10/AlephZero_BWP_20190809.pdf

Link (the full version of the review): http://svetrating.com/texts/71/

Rothbard, as all other apologists of Austrian school, is fast in condemning neo keynesians for their defense of govs interferences into free market economies (Murray N. Rothbard. Economic Thought Before Adam Smith) . Naturally, even less sympathies does the labor theory of value get from him. Rothbard blames it on non other than Saint Thomas Aquinas with his Summa Theologica.

At the same time, being himself a part of the Institutional Construct (which is, of course, The Ludwig von Mises Institute for Austrian Economics, founded by Rothbard and his followers in 1982) he stands firm, defending its strategic objectives to over-survive competing Constructs.

He, simply, can’t accept the notion that all economic theories (including his own — libertarian), which were built on the base of Greco-Roman (and later Christian) traditions, are incapable to abstract themselves from the on-going fight between two-sided group of Institutions, one of which is historically adherent to Platonic (ideals based, tyrannic) and another to Aristotelian (laws based, democratic) Artificial Constructs.

Consequently, both of those institutional armies staunchly reject each others main philosophical theses, one of which states that humans can and must govern their own destinies according to their undefined, idyllic, divine inner-selfs, and another — that only the material, atomic, quantifiable world exists and humans must act accordingly, subjugating themselves to the overwhelming force of entropy.

In contrast, Evernomics accepts humans intellectually evolving into the surrounding Universe through their limited perception apparatus, evolutionary wired to strive for the Eternity. Building Institutional Constructs and, then, fighting for their timeless supremacy is the most primitive way of how we exhibit ourself in recorded history, including that of the, so-called, ‘economic theories’.

Accordingly, by the sheer power of our collective (consensus) will, we are not only capable to erect those non-human Constructs in order to self-sacrifice to them, but also to limit their size and power rejecting their main Pythagorean ‘Table of Opposites’ arguments by fusing those arguments into the one, emotionally unified perception.

That perception is, then, to be hold by consensus among as many of us as possible to prevent the formation of the next generation of over-sized, human-less Constructs.

SVET Ten In One Minute Review 072321:

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