Art by Darebrother @ DeviantArt
“With the advent of the Internet and the development of new digital technologies, the economy is following a trend of decentralization. The most innovative environments are open source communities and peer production is on the rise. The crowd innovates and produces. But the crowd is organized in loose networks, it is geographically dispersed, and contributions to projects follow a long tail distribution. What are the possible reward mechanisms in this new economy?
Our thesis is that in order to reward all the participants in p2p economic activity, and thus to incentivise contributions and make participation sustainable for everyone, we need to do contribution accounting: record everyone’s contribution, evaluate these contributions, and calculate every participant’s fair share. This method for redistribution of benefits must be established at the beginning of the economic process, in a transparent way. It constitutes a contract among participants, and it allows them to estimate their rewards in relation with their efforts. We call this the contribution accounting system.”
~ P2P Foundation
Contribution accounting is a function and a system, as accounting is a function and a system. The function of accounting is the observation and reconciliation of data. This function is also assumed at an economic level. Economics is the study of the transfer of wealth across entities in a system. Monetary policy depends on economics to determine increases to monetary supply. At the highest level, economics is the study of supply (fulfillment) of demand (desire). Supply and demand are inherent to every system. Economics cannot currently measure economic data in an accurate, efficient, effective, or holistic manner. The future doesn’t rely on economics, because value add can be recorded other ways. The systems and technology that enable this capability are already here, we just don’t realize it yet. The best things in life are simple, including the design of Life. The code creates the unified cell, the blockchain records the DNA, the spirit, mind, and body are the communities, institutions, and individuals of the new system. Tracking of value add becomes the sole purpose of existence. The pursuit of Life, Compassion, and Simplicity become the equilibrium, max, and min functions() of society.
Life is a system - our systems of control and social programming dictate our version.
Let’s move to Alpha. Permanent Alpha.
We can continue to evaluate our progress along the way and make changes as necessary - this time it’s just a matter of updating the active code.
Envisioning a world together has more the highest potential commercial and institutional value add.
Our best choice is a 180° turn.
I dream of a city of Life.
A society that can address fear with courage and love.
I dream of a city of dreamers.
I dream of a city of love.
I dream of this certain future.
Because this is the Universe of Life.