I wonder if anyone ever used the expression “shock & awe” outside the world of battle craft. In my entire life as a serial inventor / entrepreneur, I could’ve never imagined a technology that can possibly disrupt trillions in daily volumes. To be precise, $4 Trillion of algorithmic trading that happens every day today. The first thought of it hit me with “shock & awe”. No lesser expression could do justice to my disbelief of my own invention.
Now that I already imagined, conceived, ideated, developed, and in the process of introducing AlgoShare to build a new socioeconomic theory of Prosperism - for lack of a better expression of my state of mind - I am still in shock & awe. Still finding it difficult to believe that a single technology platform can ever have such a massive fiscal impact on world’s sustainable future.
A technology is as valuable as the problem it solves, and as expansive as the industry it targets. So, in its native form, AlgoShare is basically a fintech for traders that potentially disrupts Trillions that they transact every day. It does it by enabling seamless Zero-Loss trades by letting traders seamlessly lease in real time guaranteed profit-making algorithms. Hmm, that means its use is limited to the algorithmic trading industry. But then my experience kept bugging me.
“If a tech potentially disrupts a gigantic $4 trillion a day worth of business, there must be a way to spread those colossal spoils of that tech to the masses. What if those gains reach out to world’s most impoverished?”
The answer to that question hit me with another “SHOCK & AWE.”
If Zero-Loss trading is a possibility, then why not Zero-Loss financing?
Aren’t banks out there in the business of financing? And, won’t they jump at loans that are zero default or Zero-Loss?
I know, with the current state-of-the-art, zero default loans are no less than a Utopian impossibility. Just assume for a moment that Zero-Loss loans were possible. Wouldn’t Zero-Credit also be possible if Zero-Loss loans can never be defaulted? There you go!! Why would a homeless on the street need to beg, if a bank is loaning him/her a micro loan of say $200 to invest in Zero-Loss AlgoShare trades? If his trades return just 0.1%, he is off the global extreme poverty threshold of $1.90 right on the day one.
Having already established that AlgoShare makes Zero-Loss trading possible, Zero-Loss loans locked in exclusively for Zero-Loss trades are also a definite possibility. I will further expand on this in my subsequent post that explains the “Zero-Loss Ecosystem” element of Prosperism definition.
Banks will jump at it if they can underwrite loans that carry zero possibility of default. If a loan is immune to default then how does it matter if the borrower has any credit history, or whether he/she is a wage-earner or a homeless on the street? So Zero-Credit financing to the poorest of the poor also becomes a possibility.
“Shock & Awe” All Over Again
In his book, The End of Poverty, Jeffrey Sachs estimated the cost of ending extreme poverty would be about $175 billion per year.
If AlgoShare just delivered a return of 0.1% of the daily $4 Trillion transactions, its $4 Billion a day. That’s $1.4 Trillion a year. Oh My God, its about 8 times more than what it takes to eradicate extreme poverty from the face of this planet. More “Shock & Awe”. Pinch me guys. Am I dreaming? Isn’t it too good to be true?
Anyway, whether it’s “shock & awe” for me, or “too good to be true” for you, or I may still be dreaming, please hit me hard with criticism.
My post on Prosperism: Blockchaining To Prosperity defines Prosperism as follows:
Prosperism is a decentralized zero-loss ecosystem for generation and spreading of wealth based on incentivized and equitable sharing of assets between peers according to their haves or needs, without taxing the economy.
Subsequent ones explain each of the 5 elements of that definition, and Zero-Loss ecosystem is the first of them. For further discussion on Prosperism’s Zero-Loss Ecosystem please head to Prosperism: Zero-Loss Ecosystem.
About AlgoShare
AlgoShare is a massively disruptive patent-pending technology platform that democratizes the $14 60 Trillion Algorithmic Trading industry bringing algorithmic trading profitability to common man by sharing the winning algorithms and spreading the wealth among the most impoverished. More details at www.algoshare.net.
About Prosperism
Prosperism is a decentralized zero-loss ecosystem for democratizing the generation and spreading of wealth based on incentivized and equitable sharing of assets between peers according to their haves or needs, without taxing the economy. www.prosperism.net
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