Cryptocurrency: Difference between revisions
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The fundamental issue about cryprocurrency is that they are backed by belief only - just like other fiat currencies. In this sense, they are not evolving the monetary system. On the other hand, cryptocurrency rides on a transparent ledger, so that it is less subject to corruption. | The fundamental issue about cryprocurrency is that they are backed by belief only - just like other fiat currencies. In this sense, they are not evolving the monetary system. On the other hand, cryptocurrency rides on a transparent ledger, so that it is less subject to corruption. | ||
OSE is interested in innovation in finance as well. The [[OSE Bank]] is different. | OSE is interested in innovation in finance as well. The [[OSE Bank]] is different, and goes direct to value creation. We don't need money. We need the things that money can buy. The OSE Bank provides the things that money can buy. As such, it includes an equipment pool of production machines, and expertise for distributed productivity on a small scale. Thus, capitalization is earned - and anyone's sweat equity: ability to learn and do - provides the new substance of an economy. Since knowledge and learning are not a scarce resource, the intent is to create an economy that is not based on [[Artificial Scarcity]]. | ||
=Ben Goertz Explanation to Joe Rogan Experience Podcast= | =Ben Goertz Explanation to Joe Rogan Experience Podcast= | ||
Revision as of 01:34, 1 February 2021
OSE Case
The fundamental issue about cryprocurrency is that they are backed by belief only - just like other fiat currencies. In this sense, they are not evolving the monetary system. On the other hand, cryptocurrency rides on a transparent ledger, so that it is less subject to corruption.
OSE is interested in innovation in finance as well. The OSE Bank is different, and goes direct to value creation. We don't need money. We need the things that money can buy. The OSE Bank provides the things that money can buy. As such, it includes an equipment pool of production machines, and expertise for distributed productivity on a small scale. Thus, capitalization is earned - and anyone's sweat equity: ability to learn and do - provides the new substance of an economy. Since knowledge and learning are not a scarce resource, the intent is to create an economy that is not based on Artificial Scarcity.
Ben Goertz Explanation to Joe Rogan Experience Podcast
https://www.youtube.com/watch?v=cshgMRGcc3s
If it's me, i'd stick to mostly singularitynet based resources for understanding because it's a broad and transferable concept and maybe the most well put together model for such a thing. They're also the people who you would want to partner with when scaling what you're doing for a mutually beneficial relationship. There's another guy who's good at explaining the purpose and value proposition of bitcoin itself and that would be milo yiannopolis but he can go on for hours about btc which is only really relevant as a proof of concept for dao (decentralized autonomous organization). Robin at oddbot and who is an admin in the singularitynet telegram group (or pythoned or zolgo and maybe a guy named joe ran for that matter, there is a developer group also) would be another good resource for more technical ends of questions you might have.
Most of my professional experience is relevant to 1cI (the design and building of industrial machines). Maybe conceptually 1b from an organization building standpoint, although there are a few ppl in the world trying to build co-ops. and then maybe apparently some sort of organizational architect......so i thought i would be doing humanity a disservice if i was aware of your work and didn't try to help scale it, idk where or if I personally fit into any of this but will do what i can.