When I look back on most of my life, it breaks my heart that when my brain was unloading an endless pile of what ifs on me, it never asked, “What if I go do this thing that I want to do, and it’s … fun? What if I enjoy myself, and I’m really glad I went?”
… a positive balance means there is another another person possessing an equal and opposite balance. The resource that can be owed in a mutual credit system could be virtually anything, but if you want it to be well-behaved you need to choose wisely. Providers need to be able to provide the resource on demand, and this is tricky with any non-renewable resource such as gold (and this was part of the reason for the end of the gold standard) but is great for things like computational power.
…o not require global consensus to operate effectively), it is much better suited to the creation of mutual credit systems. This is essentially a system of IOUs, where the thing being owed is some agreed upon resource. Someone requests a resource from a provider, the provider delivers the resource at that time, and then the provider is credited with a positive balance of resource-tokens/IOUs and the receiver is given a corresponding negative balance of IOUs. A negative balance is a promise that it will be paid off by purchasing resource-tokens back from pr…
s that the team even could dump. Furthermore, the team is getting pa…ns they’re creating. These huge amounts can be quite dangerous to let them cash out of too quickly. In Holo’s ICO, no equity-level amounts of tokens are being paid to anyone — including the core founders. The HoloTokens paid to the team only represent a portion of their salaries from the past months of work. They’ve already been deferring their salary for six months and we don’t believe they should have to continue to do that. This means that there simply aren’t massive token holdings that the team even could dump. Furthermore, the team is getting paid even more of their salaries from the past months in Holo fuel…
If we really want to alter the dynamics of wealth imbalance, strengthen our communities, and build a thrivable world together, more crypto-geeks may need to become current-see-geeks so we can really build Deep Wealth together.
…different currencies… with different ledgers… that progressively clear toward a main global ledger. Wait! That’s exactly how the banks do it! Except now, to be part of the elite that gets to issue currency, you need hundreds of thousands of dollars in specialized mining hardware instead of millions to purchase your bank charter.
Social context, now as a general term, is the main thing we as social beings rely on to make sense of what is going on. It is what is always there for us to contextualize information, experiences and decisions — mostly implicitly. I believe it is crucial to build communication tools that make social contexts explicit.
…patible with business models of the big 4. But the intention for us to use these tools is the same. The Internet’s implicit central use case is telepathy — exchange of thoughts between humans. It is the technological embodiment of culture. And human culture is human-centric, not word- or book- or site- or app-centric.