Nobel prize in Economic Sciences 2018 which affects you and 7 billion people

Sergey S
Sergey S
Feb 19, 2018 · 9 min read

Decentralized Autonomous Community (DAC), Decentralized Autonomous Community Token Offering (DACTO) and Decentralized Autonomous Community Token Bills (DACTB) is a high tech, easy to understand and implement the solution for outdated and not working economies of developing countries.

In this economic model, I combine best practices from different fields, such as Blockchain technology, financial tools such as Treasury bills and ICO, psychology, economy, entrepreneurship, Socialism, Democracy and historical facts such as the Great Depression and the way out of it.

More than half of the World in 2018 is still under developing

If you think, that these problems do not touch you, say you live in a beautiful and safe community somewhere in Bay Area (California), Stockholm (Sweden) or Cambridge (UK) — You are wrong.

Developed countries face massive immigration and refugee crisis.

Forced to find a better life

Take a look at refugee crisis in Europe or United States. Tens of millions of people from developing countries leave their home in search of a better life. Still hundreds of millions of people live in terrible conditions:

Why Nobel prize?

It’s not self-nominating. around the globe to take action and tens and hundreds of millions people from developing countries and cities. Because the only thing the — is to .

The Nobel prize in Economics has the following properties:

  • Outstanding of the world will
  • The prize ceremony is the , ministers of economy

About the author

Sergey was born in the middle-class soviet era family. Russian, growing up in Muslim country in middle Asia and after half of his life travelling and living all around the Globe in countries such as Capitalist’s United States of America, post-communist Russia and Vietnam, stuck somewhere in the middle, Thailand, close to socialist South America, spiritual Bali, where people are still worshiping the gods every single day, Sergey still like most of all Uzbek cuisine.

Through his life experience, Sergey traveled all 7 continents, including Antarctica, lived in multi-million dollar houses, in a car during a road trip through 9 US states, months in a 5 stars’ hotels and months in cheapest hostels, in shining mega-cities and poor villages with chickens and pigs on dirt trails, in developed and developing countries, .

With , Sergey’s technological college education was not related to Economics. The only science he love — is a science of a constant self-education.

As a computer geek, Sergey started his career as network and system administrator. After 7 years he decided to build a business and to be an entrepreneur. To do this, Sergey was sales, marketing, psychology, new technologies, such as Blockchain, and a bunch of different skills that he never thought he will need in life. Why forced? Such things as sales or public speaking or delayed result in a long time interval, which is typical for entrepreneurship, Sergey hated since he remember himself.

When I was 19, I emigrated from Uzbekistan to Russia. Now I’m 34 and almost all people I knew in Uzbekistan (friends, relatives, colleagues) migrated somewhere in a search of a good life: Germany, Russia, United States, Australia.

Now his friends, relatives and ex-colleagues live a good life: working, studies, having kids and don’t want to emigrate somewhere else, except people who migrated to Russia. Because in compare to Uzbekistan, Russia is u much better choice but still

To understand economics, you don’t even need a degree and have a deep look at numbers, just look at the picture: terrible infrastructure vs good one.

Difference in infrastructure and living conditions

The problems:

1 — Governments to build infrastructure and even if they do have — they , on the way through the numerous hands of .

2 — Private investors and community do not invest in public because it .

The solution:

A Blockchain platform for Decentralized Autonomous Community (DAC) which use Decentralized Autonomous Community Token Offering (DACTO) as a tool for choosing and voting for infrastructure projects and Decentralized Autonomous Community Token Bills (DACTB) backed by the government as a guarantee of return for investments.

What is DAC?

is a digital analog for Homeowners Association, an organization in a subdivision, planned community or condominium that makes and enforces rules for the properties in its jurisdiction that is run through rules encoded as computer programs called smart contracts.

What is DACTO?

is an improvement on the ICO fundraising model that incorporates certain aspects of DAO’s.

What is DACTB?

incorporate major aspects of Treasury bills, a short-term debt obligation backed by the Department, allowing it’s holder to get fixed-income when the bill matures, with additional properties — DAC-tokens.

copies initial value of a T-bills, but can be transferred to the executor of the smart contract — construction company, a supplier of equipment or developer within platform . Token bills properties stay with DAC owner.

The process

  • infrastructure project (min. 51% required): Renew a school or hospital? Build a road? To install street lighting and put trash bins along the perimeter of the village?
  • required amount of DACTB and, if necessary, (other DAC, bank, business, investor)
  • : funds can be released all at once or spread over time
  • After contractor finishes works — of work by voting (min. 51% required)
  • The contractor receive remaining funds and rating from DAC
  • Community receive required infrastructure, can withdraw DACTB right after completion with no interest (100%) or after bills matured (110%)
  • Government receive infrastructure, working businesses, taxes, great economy

Now attention, dear economists from the world: does it BS utopia or Not?

1 — ? Yes.

In Russia I (or everyone) today can buy T-bills, a short-term debt obligation backed by the Treasury Department (read government), and make 8.4% a year. Same in any other country.

2 — ? Yes.

Examples in Russia (w/photos): Omsk city (pop.1.1 million), Nizhniy Novgorod (pop. 1.2 million), Izhevsk (pop. 630k), Voronezh (pop. 900k), Krasnoyarsk (pop. 1 million), .

:

3 — Does about ? Absolutely!

I’m here, in Latoshinka Settlement, near Volgograd city, Russia. The settlement , no working , , only one site for collecting trash from 400+ houses (means residents just throw garbage where they can):

  • of Latoshinka ?
  • Latoshinka every day and ?
  • Does Latoshinka community for roads, street lights?

: while one needs a new road, another need a small university to teach residents new skills, because the steel industry on which the city was founded is no longer functioning. president, city mayor or city officials The system is not efficient, should and can be modified.

4 — Does massive ? Yes.

  • played a large role in the development of the from the industrial revolution in the North-east (1810–1850) to the settlement of the West (1850–1890). Wikipedia / Video
  • connected every city and state thanks to Federal Aid Highway Act of 1956. Wikipedia

If you have never been to the US, just believe me, in 2014 I had a 2-month road trip from San-Francisco to Miami and back. A can assure you, it is one of the best road systems I’ve ever drive. However, it is also can be improved with today’s technologies.

  • , UAE, Middle East. Today’s “miracle in infrastructure”. Video
  • , Asia. One another “miracle in infrastructure”. Video
  • NEOM city, a new ambitious project in Saudi Arabia. Video

Infrastructure is a major factor for economies to work!

5 — Does infrastructure projects ? Yes.

People working and building a better place to live for themselves.

6 — Does it ? Yes.

The World already has a lot of technologies, but just few can afford them. If every community in country would have resources to buy and install new tech, then World Economy will see the next .

7 — ? Yes.

With Blockchain. Check the principles in video below:

8 — actually such Blockchain ? Yes.

A team of 10 to 30 developers in any country, can build and implement such Blockchain platform right .

In Russia, we can start from Latoshinka Settlement renovation and any other village in any other region.

9 —doing this?

By giving the community an .

Summarizing

Okay, we see problems, we have a solution, we have tools, we have people. Maybe it’s of Nobel prize in Economic Sciences 2018 among smartest economists, Ministers of Economy and Country Leaders to:

  • Turn on the money printing machine
  • Give a Decentralized Autonomous Community (DAC) a tool in the form of Decentralized Autonomous Community Token Bills (DACTB) to build and renovate our infrastructure
  • Test and pilot the idea in few villages and city districts

The PLAN and PILOT

The theory is

1 — Government issue a Decentralized Autonomous Community Token Bills (DACTB)in limited quantity of 12 months of minimum wages per one member of DAC (home owner). A Treasury bills (1 year, 10%) with traceable unique number for Token tracking.

2 — Members of DAC choose an infrastructure project they want for their community. Say project costs $50k

3 — Members of DAC buy required amount of DACTB, in case they can’t collect enough money, they can invite investor or bank (1 year, 10%)

4 — Through Blockchain platform DAC places tokens on a smart-contract

5 — After project is finished and confirmed by DAC, contractor exchange tokens for real money

6 — After 1 year DAC members and investors (private or banks) return funds with 10% interest

In case of failure:

We will stay at the same place and same economy. !

In case of success:

We will have a and .

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Sergey

Sergey S

Written by

Sergey S

International tech entrepreneur, investor, traveler. Writing about Startups, Life, Blockchain, ICO, Tech, Space