Founding Statement
Below is ACX Network’s Founding Statement: As time elapses and we all democratically take this mission in the direction of our choosing, I hope that this statement may serve as a reminder to ourselves of why we’re here and what we hope to achieve — a set of guiding principles to stay true to, as we all constantly move forward together.
In its pursuit of progress through the ages, how careless humanity has been, to leave so many of its members behind. In its attempts to belatedly develop what it once discarded, how audacious it has been to presume those needs, and brash to dictate the manner and confines of its implementation.
For time immemorial, a minority has controlled the keys to financial access in the world. Nearly 6 Billion people are denied adequate economic access — the inherent prerequisite for the necessary power to meaningfully and authentically participate in society. Of all the public goods society has come to value, be it energy, transportation, commerce, health care, or education, and of all the developments we still aim to achieve, financial access is simultaneously the bedrock and the apex — it is both the determinant of our current condition and the key to unlocking our future potential. In this regard, financial access is not simply another public good, but rather the penultimate public good, and further, a fundamental human right. Thus, the ultimate public good is the ability to vote on the manifestations of financial access itself.
Together, blockchain technology and cryptocurrencies represent the single greatest equalizing moment of our time — a chance for all citizens of the world to become empowered. Developing world citizens are the best positioned to take immediate advantage of the permissionless access to new tools and economic models enabled by this technology. While the advent of mobile phones allowed them to completely leapfrog the need for landlines, decentralization will go a step further and not only allow them to sidestep banks and centralized models, but catapult them to a leadership role for this movement. All they need is access to their own incentivized system, and the ability to govern it for themselves. Systems are naturally architected to advantage their creators. The 6 Billion, and the whole of humanity, deserve a network calibrated for and controlled by them.
The backbone of any network is its community. Humanity itself is innately communal and the previously excluded have maintained stronger communal roots. There is a presumption that Western models should be the models of modernity for everyone else. Instead, we must look to the already existing decentralized models of communal infrastructure in the developing world as we form, participate in, and improve our own network. Whether developed or developing, the only thing different communities need to thrive together is access to each other.
Decentralization is the best way for us to all move forward in the global economic age. When individuals are given direct access to each other, they are more fairly compensated for their contributions, and more value is created for the collective. And we each have such value to contribute. If we replace giving and taking, with sharing and providing, we can transcend to a new a system of abundance for all. The new construct isn’t one of poverty alleviation, but one of wealth creation: It isn’t about one group helping another, it is about empowering each other to lead together.
If we all share this same narrative, one of mutual respect and acknowledged dignity, we can meet each other’s needs as one family. There is so much we can learn and nothing we cannot co-create if we listen to each other first and build together second. We each have such a powerful voice but only when we speak together will we have the power to be heard. We, the people of this world, all deserve equal access to economic freedom, technological developments, and the ability to define such access.
ACX Network’s Founding Principles of Empowerment:
- Financial access is a fundamental human right.
- That right shall be perpetually developed through a properly incentivized ecosystem.
- Decisions on the ecosystem’s evolution shall be equally accessible to all citizens of the world.
- The previously excluded shall be all the more empowered to define and shape said evolution.
- Humanity is a global family that must come together to realize its boldest ambitions, and co-create a world that belongs to and benefits us all.
So say we all.
