A Working Group on Currencies,
Blockchains and a New Attribution of Values.
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Currencies on the internet ? Bitcoin, Altcoins, Ether — might these be our new monetary values ?
Are blockchains and cryptocurrencies leading us into an economic system based on trust ?
This could well be the dawn of new era in which exchanges are made in a ‘well-irrigated’, decentralised monetary system. This would involve a transfer of wealth to Blockchains, the internet-based ledgers which would rapidly become beneficial to everyone. The simple action of making them work (the mining and large participation) and evolve, could become a significant source of income.
The Pentz Club is a place to think about the vast field of applications and commercial opportunities which the blockchains represents. Isn’t the disruption we perceive around us an invitation to consider other means of enrichment and self-fulfillment which would involve an improvement in the flow of money resulting from our activities ?
MONEY LIKE A FLUID IN A VASCULARY SYSTEM. MONEY - PEACEMAKER IN TRADE, IN NEEDS AND THEIR SATISFACTION.
Currencies and Cryptocurrencies.
The possibility to communicate on a world-wide network and shift the limits of how we manage the acquisition of knowledge and thus accelerate innovation and creativity is worth careful analysis.
The appearance of the first blockchains « fuelled » by the Bitcoin signifies the emergence of a new, creative force within the world of finance and exchanges. The use of this new, decentralised network allows us to envisage the economy, with all its implications in our lives, differently — something previously unimaginable.
The recording in a chainblock of any action in the domain of currency exchanges, contracts between private individuals and the conventional ‘regulated’ markets will develop our outlook on the economy.
Let us initiate, and closely participate in, peer to peer exchanges between entrepreneurs and markets of all kinds and sizes.
If you take today’s global wealth into account, then the simple action of investing in cryptocurrencies, placing trust in them, enables a major change.
Re-thinking monetary creation. Yes, but how ?
Here are some examples :
I.
The participants in the financial sector (all of us, to a certain extent) can invest in, or simply borrow in a cryptocurrency. (The Bitcoin as a financial reference ?)
The purchase of ‘coins’ by institutions and private individuals using the Bitcoin which become the basis to evaluate and to cicrulate global wealth in fiat money, bank deposits , real estate property, natural resources. Investment in ‘Altcoins’ as a means of evolution for the cryptocurrencies already in circulation and stimulation of their further development.
II.
Energy management via several currencies: renewable energy and others (fossils), managing this via (exemple) the Litecoin, the Peercoin.
The possibilities offered by cryptocurrencies in the management of flow are numerous, see the chapter ‘Energy, Resources’.
III.
Transforming or processing resources — can be managed through the main Altcoins.
Here again the blockchain is the motor behind the exchanges. From the extraction of raw materials to the finished product the blockchain guarantees access to a database detailing our assets and their responsible use. Solutions have to be found to ensure that the Blockchain(s) and cryptocurrencies are used in such a way that they optimal management.
IV.
The Health System : management of files, correlation, availability and security. Managing this within the blockchain is supported by us all. An improved circulation of monetary values or currencies would allow an increase of the workforce in health care and allow for a better standard of care.
The health care system is supported by blockchains in its administrative work and in data collection. User participation maintains this data base ; thus the storage and use of medical files via the connected machines becomes a source of revenue.
Again the question is which ‘coin’ to use for this management.
V.
A value attributed to knowledge. The Pentz Club suggests the following :
A ‘coin’ from its conception to maturity, a system of value exchange which would in itself create wealth. The value of confidence paving the way for future generations. All parents maintain a blockchain which is an expression of their confidence in the educational system their children depend on. As the resources destined for the educational system belong to all of us, cryptocurrencies would permit a better management of this expenditure and its diversification in order to create more employment possibilities (developement of MOOCS like exemple).
VI.
The internet : Namecoin, IPFS… The creation of a new WEB based on a decentralised network.
New layers are created on the network to manage the communication tool that the internet represents. The data flow and interfaces on these decentralised networks managed by blockchains facilitate publication which is valued and recompensed.
VII.
Blockchains and artistic creation, publishing, entertainment. No consensus has yet been reached on how to manage the remuneration of artistic creation and publishing. Micro-payments would be facilitated in order to ensure that the blockchains worked in the service of artists and publishers ; the beneficiary would be paid immediately after each artistic creation, the volume of the transactions would ensure good ‘irrigation’ i.e. flow of money.
VIII.
Administration managed by blockchains. The blockchain is a tool which would simplify the functioning of administration and the state in every documentation within legal or public spheres.
Solutions have already been suggested such as Ethereum.org with his smart contracts ; their concept of exchanges and their remarkably well-conceived structure would allow a big change. Here again the crux is our participation via our hardware. Managing the relation between the administrating body and the receivers of the service would become a healthy, transparent activity as each recording of an administrative act would be remunerated.
IX.
Connected objects : their operation would be supported by blockchains, a guarantee of security and another source of income.
THERE IS AN ALTERNATIVE CHOICE FOR THE ECONOMY. BLOCKCHAINS CAN BE THE LINK WITHIN EXCHANGES.
Energy, Resources.
With the Blockchain we can finally envisage structured development in which natural resources are managed through cryptocurrencies.
The quantification, extraction, transformation, and distribution of natural resources is documented by blockchains. The entire chain from prospection to the creation of objects would be backed by cryptocurrencies.
The management of natural resources and energy is represented by several coins. For example renewable sources of energy are represented by the Altcoins, the Litecoin, the Peercoin, or other coins created especially for the task.
The process of connecting households through smart grid applications has already started. The management of energy production and distribution via smart grids is already a topical issue. Using blockchains allows an improved management of flow and final use.
Management propositions using existing alternative coins (or new ones conceived for a specific purpose) are oriented towards the evolution of the market for renewable energy, decentralised networks, towards coherent markets with a future.
HUMAN BEINGS CONFER STATUS TO A CURRENCY, A PROPERTY, A REPRESENTATION, A SYMBOL. LIKEWISE, IT IS HUMAN WHO DEFINE OUR CONCEPT OF SPACE AND TIME — Mr. Wolf
Work and Employment …
The question remains how can the above-mentioned modus operandi benefit employment ? The Pentz Club’s initial proposals offer a partial answer to this question, but the goal is to develop this further. It is an ongoing discussion about the role of currencies and monetary values in our lives.
The following proposals may be worth considering :
Foremost, connected devices, the hardware on which the exchanges are recorded — the blockchain would be backed by most of us as a guarantee of its acceptance and evolution.
The work undertaken — decentralized computing — on our machines related to the recording of activities in the user blockchains would be remunerated.
The maintenance of blockchains, renting the calculate units and stockage space in activities such as the health system , research, education and others becomes a significant source of revenue.
A Foundation.
Proposals of the Pentz Club are an invitation to create a foundation for the development of ideas, the dissemination of knowledg and applications related to Blockchain technology.
If you find this idea appealing, support here:
BTC : 1QKArNiFtUe1rFw3SHTkFsXHtuh8PE6UaA
ETH : 0xc25d4281d20d04d1df5f133f87a664854e0dba78
LTC : LMjMZWghUGafeKhHqPBg9ZKPh8vmFouKLH
PPC : P9U1G7yHKYF5ARYMeDwFgqTx8z4NAPdxU4
NMC : NGcaRrqLX15u9DtChWtvqfWNK24wsmPsNP
Thanks for reading @stosty
