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Common Ownership As An Economic Model For a Decentralized Society

Interdependence is the common factor uniting human society. Be it the economic interdependence of states with various production capacities and resources, or the social interdependence of people on one another with their various roles and skills. Such an interweaving of the human fabric of socio-economic interaction has resulted in a high degree of centralization.

Be it the centralization of government with core decision-making, or the centralization of a family with a head at the table, a breadwinner, or a decision-maker, the concept is always the same. Even the role of such a populist social-political system as democracy is the election of a centralized government that will take on the role of a decision-maker, or essentially, the delegation of responsibility, freeing up the masses of people of the necessity to think and decide for themselves, thus allowing them to go about their daily chores and affairs.

Centralization is not an evil, but neither is it a benefit, as the factors undermining the integrity of a centralized form of governance are many. Starting from corruption by the taste of power, or the human factor in erroneous decision-making, the possibilities of cheating a centralized system and taking advantage of its flaws can often outweigh the benefits of its convenience. If the harm done by a centralized government as a result of corruption or errors is great, then centralization should pave the way for a more equitable form of governance that could be controlled by the subjects it was assigned to control in the first place.

And just as the monarchies and despots of old gave way to the experimental social systems of socialism, communism and others, so too has the centralized system of governance in the digital space given way to a more refined and equitable system of decentralization. The advent of blockchain technologies has allowed the development of an immutable system of records that could be dispersed among numerous nodes and controlled by those who held stakes of said systems. Such community-based governance became the ideal representation of democracy in the online space, giving an infinite number of opportunities for the development of myriad projects and boundless possibilities for the personal development of the participants.

But even though the decentralized environment developed, it remained fragmented, turning into the shards of a shattered, decentralized whole. Such a state of affairs has led to the creation of numerous communities that did not share a common goal, nor could communicate and cooperate for a greater purpose, or a common goal that would lead to the prospering of the entire decentralized community as a whole.

The Rebaked platform has emerged as a counter to such fragmentation, providing an infrastructure of instruments and communication channels that would allow all participants to form a unified society of community-based governance on the basis of collective intelligence and the monetization of achievements.

By doing away with such concepts as presales and seed rounds that grant unfair advantages and preferences to profiteering speculation sharks, Rebaked hands over the collaboration, communication, creativity and tokenization aspects of every project to the professionals involved in its creation. By tying every participant’s contributions to their rewards, and the input of investors to the results of the project, Rebaked is creating an interdependent whole that is oriented at a common goal that is the aggregation of value of the product or service under development.

Bringing together professionals and allowing them to collaborate, share ideas and experience is the key to creating a necessary base of society that would steer away from speculation and short-term profiteering onto a course aimed at long-term value generation. Ultimately, a decentralized society is one where every member has a say in the events taking place on-chain, and that is exactly what Rebaked is designed to do — doing away with centralized decision making that serves the purposes of the managing minority.

Society is and should always be about equality and the fostering of individual talents. If individuals are empowered to create and act in an environment that encourages their skills, then society will ultimately benefit in many senses. Rebaked is not about making money, but about allowing everyone involved to monetize their skills.

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Nikos reBaked

Nikos reBaked

Building reBaked- Exploring DEFI & researching incentive mechanisms to grow #DAOs | I help #BUIDL startups & grow organizations | ✍️ about #Crypto & Blockchain