HyperCore One

HyperCore One (HC1) is a group of contributors building the Zenon Network ecosystem.

Core Values

The core values of HyperCore One are Sovereignty, Civility, and Prosperity.

At a high level, we can summarize our values as

• build robust systems that respect the user and don't require trust
• allow for opt-in trust of varying levels to create efficiency and opportunity
• align incentives to create a solid foundation for trust and efficiently allocate resources to create value

Sovereignty

We believe users should have control over their property, data, and capital. We assume users have sovereignty by default and treat the issue as a moral constraint rather than as a goal to be achieved. We develop systems as free and open-source software, as users first must be able to control and verify what their machines do. We assume conditions of no trust as the base case, so systems we build must be robust under those conditions. When it comes to distributed ledgers, users must be able to verify the integrity of their capital and the status of their transactions. Integrity of capital requires users to be to verify total supply as well as their own respective balances. Relevant software therefore must be not only free and open-source, but accessible to users when it comes to resource demands. As a practical matter, this means targeting consumer grade hardware.

Civility

Although we assume conditions of no trust as our base case, we believe that good faith and upheld trust create both efficiency and new opportunity. There are costs to verification and exercising control, and trust reduces these costs. To take advantage of these efficiencies, individuals work together and form firms. However, foundation for trust is often impermanent, and individuals must weight the risks and consequences of broken trust. The ideal balance of trust requirements, risks, consequences, and efficiencies will vary based on each individual and their unique situations. We develop systems that allow users to enter into trust arrangements that best suit them. From an implementation perspective, this likely means different models in addition to tunable parameters. In accordance with sovereignty, users must be able to verify the terms of any potential trust arrangement and opt-in and opt-out freely in accordance to those terms. Users cannot be coerced into accepting trust. Opt-in trust arrangements are built on stronger foundations. Extending good faith and upholding that trust are acts of civility.

Prosperity

Prosperity is our end goal. It is the wealth which enables users to fulfill their needs and wants. It must be created instead of only shuffled around. It includes needs such as fairness and belonging. To maximize prosperity, we first create efficiency through civil cooperation. We create a solid foundation for efficient trust by aligning incentives to uphold that trust. There are always risks, but believing that users (especially in aggregate) will act in their own best interests is a solid foundation. We create incentives for all critical and desired behavior. We do not believe that unincentivized contributions are sustainable. Wealth creation requires labor and putting capital at risk. So we would like to create incentives for both productive labor and incentives for capital risk. The greater the contribution, the greater the reward. The difficulty lies in attribution. The tension between labor and capital has been the cause of war and revolution. We do not believe we can resolve the question. Instead, as with trust arrangements, we create systems where users can opt-in and out of a wide range of incentive schemes to best suit their individual needs and the situation at hand. Regardless of political leanings, one can agree that prosperity is created through efficient allocation of resources. Disagreements arise on who is best suited to determine that allocation. Incompatibility in either direction between collective/private goods and collective/private ownership creates apathy and moral hazard. A system which respects user sovereignty and can flexibly model different trust arrangements, incentive schemes, and decision making models can attract many users and their capital. The value of a network scales with the size of its userbase. We develop open and permissionless systems to create the greatest prosperity.