FREE TOKENS EVERY WEEK - You must be joking!?
A teaser
Put on your thinking caps please Ladies and Gentlemen - you are in for hopefully a jolly, but perhaps a somewhat challenging ride reading this series of posts!
What is presented here is not just a frivolous fancy dreamt up the other day - it took many years of careful meditation and study to precipitate the final solution.
It might sound insane in the beginning, which it should, as there are some off beat ideas involved, but if we can get an inspired team together, we can at least launch this project as a game, and see what it delivers!
Project Magic Dragon is in essence about empowering every individual, in a decentralized fashion, to take care of themselves.
By giving every identifiable human being on this planet, who wants to participate, or who needs to paticipate, enough money every week, to do just that - cover their own needs without being dependent on failable institutions.
The idea is hardly distinguishable from a Universal Basic Income (UBI) scheme, but we prefer calling it a Universal Basic Business Incentive system, or UBBI, for obvious reasons.
What it turns out to be for any particular player - the equivalent of a social grant, or the equivalent of a business sponsorship - will depend on what that player wants to do and can do with this gift.
Back in the good old cave-man days, or Eden, if you wish, every individual had the liberty (note this word) to freely access all natural resoures required for enhancing their quality of life according to their own free will and ability.
Under the current artificial socio-economic system, regulated by artificially created laws, perverted to serve the few and exploit the many, you are denied the liberty of having free access to basic resources and thus the liberty to make a living from those resources.
And that liberty to freely make a living from natural resources, or its equivalent, is what Project Magic Dragon endeavours to restore, albeit in a roundabout manner.
The Magic Dragon is in effect a generous lady residing on the internet, giving weekly handouts to all the players all over the world and that will handle all their transactions.
The Magic Dragon will be a specialized form of decentralized exchange on an Eos-like web of nodes.
Only identifiable human individuals will be enabled to have accounts on this exchange and only transactions between account holders will be handled.
Where does the money come from?
Superficially this may look like a hoot, or even a hoax, but a look under hood might surprise you.
There you will find two unconventional innovations enabling this project that may require some careful analysis before it becomes clear how they can function in this environment and enable the project to work.
What will the value of the coin be and how will that value attach to the token?
In short, the value chosen, together with the way in which that value is attached to the token, virtually removes the volatility of speculative valuation out of the equation, leaving users with a currency free of the effects of both inflation and deflation that in the current system can be devastating.
For the sake of not making this teaser a difficult read, I will not attempt to explain in detail the inner workings of this project any further right now.
Much of that has already been seeded in previous posts and comments. What has been explained there, together with the contents of this post, can in fact serve as a kind of 'dead man's switch' backup, in case I am not around to complete the series - anyone inspired to do so can then put the pieces together and carry on with the project!
(not in any specific order)
Is this just an idealist vision, or can we make this project, or something similar, work to benefit us all?
It all depends on cooperation and support in refining the idea till it becomes a launchable product!
if you wanna know more of what this cranky old guy is on about
but beware, don't believe a word before weiging it yourself!
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