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What is BitLand?

BitLand operates to address the problem of insecure land tenure, bring confidence of investment to emerging markets, and unlock land wealth stagnating due to inefficient legacy systems. The focus is on creating an effective virtual land registry utilizing blockchain technology, spearheading collaborative solution implementation, and jump starting a fully transparent ecosystem for all users. We aim to allow individuals and organizations to survey land, manage deeds and titles, perform applicable transactions, and then record the information on the blockchain.    

Why Ghana?

Land registration in Ghana has historically been cumbersome and disorganized. As a result, thousands of titles remain unregistered and land conflicts are rife. Of the 42,000 applications for land registration submitted between 1986 and 2006, less than 30 percent were registered. Land conflicts arise as claimants take advantage of the poorly coordinated system and register titles without other claimants’ knowledge. The adjudication system for conflicts is weak, courts are overwhelmed, and decisions are poorly enforced.

Since colonial times, Ghana’s land sector has suffered from splintered institutional functions and an underdeveloped land registration system. But, the government and international donors are beginning to address these challenges through legal reforms and more systematic land registration.

As of January 2011, several projects are seeking to strengthen the land sector in Ghana and formalize tenure. These include: the Government of Ghana’s Land Administration Project (LAP), which is supported by the World Bank; the Millennium Development Authority’s Land Tenure Facilitation Activity supported by the US; and private sector programs led by Medeem LLC as well as the Micro-Mortgage and Land Titling Project led by Opportunity International and International Land Systems (ILS).

Under the Millennium Development Authority (MiDA), Ghana is implementing a pilot project in peri-urban Accra to title and register land. The ten-step process begins with a parcel inventory and involves verification by land owners, and a time for public scrutiny. It takes 31 days for 100 parcels and costs about $200-$250 per registered parcel. To date, MiDA has issued and registered 270 land titles using this process.

It is uncertain how the Government of Ghana would scale-up projects nationwide. Challenges persist in terms of making the process simple, efficient and cost effective for both landholders and land administration authorities. Unless the “costs” associated with land registration are sufficiently low vis-a-vis the benefits perceived by landholders, land registration records can rapidly become obsolete, jeopardizing the investments made to reform registration systems.

The Ghanaian government, World Bank, and other agencies have been battling the issue of insecure land tenure with limited to moderate success with collective focus since 2003. Phase I of the Land Administration Project ended in 2010 and Phase II is scheduled to run through 2017. Both phases of the project were/are plagued with the same issues as mentioned in the above excerpt. Although these efforts have been hampered, Ghana has posted exemplary GDP gains over the last decade while facing the identified problems.      

BitLand Ghana

BitLand Ghana is the home of the pilot program for BitLand. It is the NGO which has been operating in Kumasi, Ghana and the surrounding communities for the past 2 years. To date, it has completed public out-reach, crypto-currency/blockchain seminars, and land rights informational road-shows in 28 communities in preparation for the launch of BitLand beginning its main operation. Bitland is partnered with Openledger which allows the company to secure its blockchain infrastructure.At the end state, the BitLand system provides the ability to reduce fraud and increase efficiency to the mortgage lending process. Banks cannot issue mortgages on land that is unregistered. The utilization of an open, decentralized, and transparent ledger will effectively unlock significant amounts of land to be used for equity purposes that previously could not be touched. In Africa, roughly ninety percent of rural areas are unlisted and unregistered. As the project in Ghana matures, we will look to expand the reach of BitLand across the African continent and abroad. By adding infrastructure in more developing countries, BitLand has the potential to unlock massive volumes of capital and resources.  

The Crowdsale

30 million Cadastrals were created in one block. 21 million Cadastrals will be sold during the ICO hosted by Crypto Currency Exchange Denmark(CCEDK). The remaining 9 million is allotted for distribution over 99 years for various purposes. At the completion of phase two of the crowd sale, all unsold Cadastrals will be added to the reserve and all purchased Cadastrals will be released for immediate trade. The funds raised will be apportioned directly to laying the operational infrastructure in Ghana. Future use of the token will be to register land titles, settle disputes, sell land, purchase property, and issue microloans for residential/commercial/industrial development. 20% of the network profit will be utilized to support the tokens on the open market. The Bitland reserve will hold multiple denominations of currencies, commodities, and will always keep a portion of currency from any country in which BitLand has a presence as part of the basket. Ghana is only the beginning.

Purchasing Instructions

1. Create account on Openledger
        Online wallet – https://bitshares.openledger.info/#/
        Wallet Download – https://bitshares.org/download/
2. Click Accounts
3. Click Deposit/Withdrawal
4. Click CCEDK
5. Deposit BTC
6. Send Open.BTC to ccedk.escrow
7. Change transaction fee denomination from “bts” to “open.btc”

Phase 1: 1 Cadastral = 10,000 Satoshi (~$.04) Ends 1 May 2016
Phase 2: 1 Cadastral = 30,000 Satoshi (~$.12) Ends 1 June 2016

The Team

The common theme is that the leading factor inhibiting long term and sustainable growth across multiple sectors in emerging countries is insecure land tenure. Ghana will have the first iteration of our operation, platform, and system. BitLand has a chance to change the game not just only Ghana, or Africa, but the world.

Narigamba Mwinsuubo, Founder/CEO BitLand
L. Christopher Bates, CTO BitLand
Elliot Hedman, COO BitLand
Brock Hager, Web Admin BitLand
Ryan Berry, FInancial Advisor BitLand
Philip Asare, Community Leader BitLand
Ronny Boesing, Founder/CEO CCEDK






Website: www.bitland.world
Whitepaper: http://www.bitland.world/wp-content/uploads/2016/03/Bitland_Whitepaper.pdf
Bitland FAQ: http://www.bitland.world/frequently-asked-questions/
Additional Purchase Information: http://www.bitland.world/how-to-purchase-cadastrals/
Contact: http://www.bitland.world/contact-bitland/

brand new account

ico leecher

just dust!

------->next

One of the most ridiculous ICO's I ever seen - and there are many of them!!!

You should probably start playing soccer.Ghana has ecxellent soccer players!!!

Maybe you can owe the land of the pitch  :D

amused about the names of the team...

the scammers doin their job with id faking
they just forgot linked and other platforms and some pictures are missing with black and white pics

Could well do!No water supplies on Ghana though!And it rains every once in a blue moon!
So ICO no ICO for me!
Good luck!

Estimated Cost
Year 1
2186000
Servers US and Ghana
100000
Air conditioning units for servers
16000
Office rental
120000
LAN essentials
120000
VPN
120000
VoIP dedicated hosting
servers/service
80000
VPN tunnel to government servers
160000
Security systems
100000
Office Supplies and furniture
60000
Enterprise level enabled hot spots
60000
Salaries
700000
Survey drones
550000

wut

Hello,

If you want to learn more about the Bitland Initiative, you can read our White Paper here:

http://www.bitland.world/wp-content/uploads/2016/03/Bitland_Whitepaper.pdf

If you're not familiar with the situation in Ghana, they have rolling blackouts and violence frequently occurs due to land disputes. (http://www.freep.com/story/news/local/michigan/detroit/2015/05/07/elderly-native-detroit-sisters-slain-ghana/70980666/)

This project aims to bring a solar-powered wi-fi system to rural and undeveloped areas of Ghana, so they can have constant internet access.  It is only through this consistent access will a blockchain-based infrastructure be feasible.  As we are working with the Land Administration Project and Lands Commission to get the pilot project completed, if the pilot is successful the later years of the project will be funded by the Ghanaian government.  What you're re-posting is part of the 4 year plan to get a Bitland private network that is linking all of Ghana, and not just the pilot project.

Cheers!


Chris Bates

Chief Security Officer - Bitland

I represent http://icocountdown.com I looked at this because it's an ICO, I list them on the site.

The figure of 120000 for VPN what does this represent?

Along with this:

VoIP dedicated hosting
servers/service
80000

VPN tunnel to government servers
160000


All these statistics are from your whitepaper.

this is a joke...not more.worst way to scam ppl

just go back to mastcoin and try to get it back to life! but dont try to scam other ppl

u cant tell me that chris bates is ur real name..

nobody in the ANONYMOUS crypto world will sign his posts with his name thats first....there are few more things...but just try it and hope for stupid btc porkys

http://bitlandglobal.com/news/blockchain-technology-applied-to-land-cadastres-with-chris-bates/

there are two websites for it?

Yes, the Ghanaian website is focused more on the locals trying to get the commercial real estate clients and miners.

There is a team on the ground in Ghana that is constantly connecting with new clients to get them prepared to be part of the pilot project.


Chris

I have no reason to hide my identity, and have no real interest in the anonymous aspect of the movement.  Bitcoin is pseudonymous.

Here is my LinkedIn Profile

https://www.linkedin.com/in/larry-c-bates-99452594

Larry Christopher Bates is my full name, but I go by Chris.

Is there something wrong with that?

We are trying to build an enterprise scale infrastructure that tracks land titles.  This project has nothing to do with anonymity.

Chris

I recently gave a presentation in Paris about the Bitland Project.  You can watch the video here:

http://www.bitland.world/2016-netexplo-bitland-presentation/


Chris

I'm not understanding the figures

VPN tunnel to government servers
160000

what does this mean?

Part of the process in establishing an infrastructure is building a dedicated VPN within Ghana.  The internet service providers are unreliable, and in addition to the power outages, it is completely unreliable to use an external network to support this system.  

In order to have a land registry that follows government standards, there must be hard backups of the registrations, so the blockchain will get a dedicated backup server so that even in the event that the decentralized network for whatever reason comes under a zero day attack, the records will still be backed up on hard servers.  The VPN to the government servers is to ensure that the backups are consistent with each other, so that the backups happen at the same time, and are in both government and third party (Bitland) servers.

In year 4 of the project, the funding will be coming from the World Bank.  The ICO is not funding for the entire 4 years of the pilot, but the entire plan for the 4 years has been included in the white paper.

Chris

edit:


sorry, I was responding to your questions at the same time.  I hope that clears it up.

:)

Larry.Christopher.Bates is my skype Id if anyone would like to video chat.


Chris

resrved

Sounds good! Some time ago, in the "dawn of democracy" in one Balkan country, people with entrepreneurial spirit, were supplying in the villages  internet  with vans, to be able to absorb money from national and European projects.  ;D

It seems that this project is very ambitious and you try to do a lot of things at once.

But how does the network make a profit exactly?

The initial initiative is meant to establish a system that does not tax the users for using the software, and the users are only charged if they submit a land survey and their new plot is registered.  Future government contracts will use Cadastrals to register any new government lands as part of the project, so direct sales to governments will be the major source of revenue for the project in the future.  This way, it is governments paying to implement solutions that make their systems more transparent, and the poorest populations don't have to pay for the development process, and their governments are paying.

While the project is ambitious, we have seen that the blockchain solutions by themselves won't save developing countries.  It will take a strong educational initiative and a reliable infrastructure to make this actually work.

Chris

you could just record this kind of stuff on Factom or Radium...


this is more like....

https://www.youtube.com/watch?v=5MTFauI8INY

No you can't.

Factom isn't set up to handle doing land surveys.  Factom is a general recording database and is not meant to be specialized for land titles

I was actually a community leader on the Factom team.  I am also currently a community leader for Synereo.

Same issue with Radium.  It is like equating SQL and Openmap.  These databases are meant for general record keeping, and not specific to a use.  Bitland is strictly focused on registering land titles and deeds.  In addition to being able to use the application to take the survey using GPS, users will be able to submit requests and make claims through the application as well.  

In effect, this is nothing like Factom or Radium.  Also, Factom and Radium don't have plans for developing countries.  Their systems rely on first world development.


Chris




Edit:

I am the same "Chris Bates" from this Synereo Hangout  (https://www.youtube.com/watch?v=m_BxakTpizs);)

I am having difficulty deciphering what I think is supposed to be English in your post. Are you saying it is a scam because they are NOT anonymous and you just feel his name is not "real"? These guys have had a lot of media coverage and conference talks. Seems like it is a very worthy cause, not some get rich scheme. The one mistake they may have made is posting here on Bitcointalk where morons think they are clever.

Lol, I think we will be friends sir!

Cheers :)

Chris

Just finished reading whitepapper. If you are a scammer than you are a brilliant one. If you are not (I think you are not) than accept  my apologies. Future will tell....I think I"ll invest some...

If this is a scam it is a good one. A lot of work has gone into it.
Will continue to follow.

Cheers sir!

 :)


Chris

Interesting.. First, I like the taste of the projects you supported (Factom and Synereo are both really good ones in my opinion).
I will follow this.

But I do have to ask this - are you or one of the founders related to the original Bitland project?
https://bitcointalk.org/index.php?topic=398826.msg5037402#msg5037402 (https://bitcointalk.org/index.php?topic=398826.msg5037402#msg5037402)

I was one of the investors there. It was not a real scam per say, but it was left for later launch. And I quote:


Now, I realise it may have nothing to do with it, but there is also this possibility of a more refined project to what this was, 2 years later.

Hello,

I am actually very glad you brought this up!  So, back in 2015, Nari approached me about the Bitland Project asking if I could help out in any way.  I looked over the project, and saw that he was trying to do something revolutionary, but did not have the funding.  So, at that point, I told Nari that I would help out the project.  When I joined the team, I convinced Nari to completely revamp his approach to the project, and for the past 2 years he has been focused on making connections in the local government, and connections with potential clients.  Meanwhile, the team has been working to understand the complexities of Ghanaian real estate so that the project is completely in line with all the necessary requirements and expectations.  

In 2014, not many people truly understood the complexity of creating enterprise scale software, so many people's development estimates were skewed.  Whenever I started working with Nari, I explained to him that what he was attempting to do was a MUCH larger scope than he had anticipated, and in order to do it correctly we would need much more extensive planning and time to execute the project.

So, in a nutshell, that is how the project has developed since 2014.  

Cheers!

Chris

Bitland on Forbes.com ;)

Bitland's African Blockchain Initiative Putting Land On The Ledger (http://www.forbes.com/sites/rogeraitken/2016/04/05/bitlands-african-blockchain-initiative-putting-land-on-the-ledger/#705788011029)

"A new Blockchain-based initiative in West Africa aims to stamp out corruption and is touting to “free up trillions of dollars” in locked capital for infrastructure development. It’s a bold stab by a bunch of tech pioneers from the US, Denmark, Ghana and further afield at fighting government corruption and empowering people through legal ownership.

Blockchain technology, which underpins Bitcoin and has been the inspiration for other cryptocurrencies, functions as a powerful decentralized ledger that records every transaction and stores information on a global network that cannot be interfered with. Not surprisingly a number of banks see blockchain technology as being ripe to be leveraged in areas including exchanges and remittances.

As such, the blockchain offers huge advantages in cost, transparency and reliability thanks to the “immutable nature of decentralized ledgers” according to one of the pioneers behind the new initiative, Ronny Boesing, CEO and founder of Danish cryptocurrency exchange CCEDK.

However, these benefits often fail to resonate due to the markets targeted and the way in which they are communicated. Still, the project from Bitland, a development platform embracing an educational initiative, aims to show the local population how the new technology can bring their country into the future. The mission itself has been outlined in a 22-page white paper.

“Bitland puts the human element back into the decentralization movement by bringing blockchain technology directly to the people, face to face,” says Boesing.

The organization reveals that its goal is to provide services that allow individuals and groups to survey land and record title deeds on the Bitland blockchain – providing a permanent and auditable record – as well as acting as a liaison with the government to help resolve disputes."


It's about 1500 words, so I didn't want to post the whole thing.

Cheers!

Chris

Received an email my rich uncle in Nigeria has left me money. Will transfer that money into the coin.

Did you guys advertised this crowdsale anywhere else besides bitcointalk?

It seems advertised on the website and even the Forbes article that is linked above. Not sure where else they promoted it, I had not heard of it before it got posted here.

We would appreciate if you would leave the Nigerian prince jokes in 2007 where they belong ;)

Cheers!

Chris

The crowdsale ANN has been posted on Bitshares forum, and we have been campaigning on Twitter and Facebook.  There are a few podcasts lined up within the coming week, so stay tuned!

I did a podcast with Minter Dial last month which didn't directly advertise the ICO, but he has been very active advertising for Bitland.

https://player.fm/series/minter-dialogue-podcast-on-branding-digital-marketing/bitland-blockchain-technology-applied-to-land-cadastres-with-chris-bates-mde185

Cheers

The project has been getting a lot of love from Europe.  We won a Netexplo World Innovation Award  (https://www.netexplo.org/en/intelligence/innovation/bitland)earlier this year.  Netexplo was sponsored by UNESCO and hosted by the French Senate at Dauphine University in Paris, so it was pretty surreal to be able to present this project on that scale.  It is also surreal to see how separate the European and American fintech worlds are.

I have been invited back to speak at the Viva Technology (http://www.vivatechnologyparis.com/) conference to present the project and how it can help establish open governments.  

Cheers!  

Chris

you got the nigerian serial scammer vibe too?
those guys are pros.. man FOR REAL.
ill watch this develop but not touching personally

This looks really interesting. Will keep following :)

Video Presentation (http://www.bitland.world/2016-netexplo-bitland-presentation/)

The whole "nigerian scam" thing is really old guys.  I guess get it out of your system now.  I am two months away from receiving my second M.S. with a focus in Cyber Security for enterprise scale organizations.  If you'd like to see some of what I've written, please take a look at my Academia page (https://indiana.academia.edu/ChrisBates).  I have worked in Indiana University's fMRI lab, and have worked in machine learning in the past, so please excuse me if I can't find the humor in being called a Nigerian scammer.

Cheers!

Chris

I will go ahead an post something I wrote in 2014:

How Can Cryptocurrency Move Forward? (http://thecoinfront.com/how-can-cryptocurrency-move-forward/)

"If there is one thing that almost everyone in the crypto world has in common, it is the loss of money through scams or larceny.

Whether it is a pump and dump, an attack on an exchange, or a long con, it has been nearly impossible to remain unscathed in the free market of the crypto economy. With new regulations on the horizon from the US government concerning tax laws, many crypto users are looking at the potential to have their currency taxed not only for the coming years, but also retroactively.

What has NOT been discussed, however, is any protection for cryptos. It seems governments want to take money from the crypto communities through taxation, but they want to leave us to fend for ourselves. Who can the crypto community trust to protect it from the scammers and thieves?

To better understand this dilemma, we should examine why “trust” is fundamentally at the basis of a functional community.

In social scientist Francis Fukuyama’s book, Trust: The Social Virtues and The Creation of Prosperity (1996), he presents the following argument: at the basis of every functional society, trust must exist, and even further the more trust a society has, the easier it is for that society to create prosperity.

To summarize, Fukuyama posits that a society with laws can function not just because of the laws, but because people trust the laws will be enforced, so things like ownership and legal contracts become possible because people invest their own trust in the system.

He makes the case that it’s easier to create a large consolidated firm in a place where there is more trust. He also mentions that in light of new technology, people would be able to connect on smaller scales and create firms that were not based around countries or local economies, but also functioned on the trust between individuals. In essence, it is the trust that allows firms to work as a unit towards the same goal.

While it’s not easy to accurately measure trust, it’s easy to see that trust in the crypto world is fading, and it is mainly due to the scammers and thieves, not because of the systems themselves.

Since the crypto world is largely based around anonymity, our first level of trust is gone. We don’t know the names or faces of people we are dealing with. Such a simple gesture goes a long way in establishing trust, but not many people in the crypto world want to take that first step.

Now that we know that many countries will not only tax crypto, but they will not actively protect them, another level of trust is gone, which would have been the legal system to protect this realm.

But the worst thing affecting trust now, is the thieves and scammers themselves. While these types are not unique to the crypto world, since this technology is so early in its inception, they have the potential to cause mass distrust in the crypto world and cause it to fall apart.

With the current state of the crypto economy, we are all faced with a choice. Do we retreat to what feels safe, and what we feel we can trust in the old legal system and old currency, or do we band together as individuals and force the thieves out on our own since the governments will not and cannot do it?

The crypto world is the Wild West. We have no Wyatt Earp, so we must all be the sherriff."

It is like i feel a little bit of racism here.I believe in bitlandglobal project and Chris.Sadly but it seems that when a black man wants to present a great project he needs to work twice as hard if he wants people to trust him. Go Chris and Bitlandglobal project.some people will always be haters no matter what anyone do but also alot more people will be believers if you have quality project (and it looks like you have one and you have a lot of knowledge) !

Hello Tuvok,

Thanks for the kind words!  I appreciate the sentiment, and hopefully we will show people that we are here to get some major things accomplished.

Cheers!


Chris

I will continue to post my writings on digital currency in this thread so people don't have to scour the Internet searching for them.

Proto-Dynamism: Death Of The Middle Man (http://thecoinfront.com/proto-dynamism-death-of-the-middle-man/)

“In very few instances do people really know what they want, even when they say they do.”

While that quote may sound familiar, it is not the infamous quote by Steve Jobs often referenced to allude to the “product first, customer input second” attitude that is a major problem with the profiteering approach to trade.

As the eighth and final part of a series covering the American economy from The Gold Rush to the Crypto Rush, the freedom to expound on the historical trends and postulate on potential scenarios inherently has limitless potential, and simultaneously has the bias of the author as an inescapable lens through which events will be forecast.

In this case, an attempt to remain completely objective about events which have not yet occurred will be an exercise in futility, so we will focus on utopian outcomes with the acknowledgement that the author has a positive outlook for things to come.

The Middle Man
As the articles analyzed historic trends to try and draw parallels to modern times, one of the elements that can be demonstrably proven as a common characteristic of both eras is the prevalence of the “middle man”, which is defined as:

A trader who buys from producers and sells to retailers or consumers.

Historically, an intermediary was a way to either establish a third party trust system, and a way to generate income for a person or company with exclusive access to products or goods. While this system on its own works well, in tandem with the unpredictability of human behavior and greed, the process of using intermediaries between a user and a product has caused tremendous drains on the global economy.

One of the paragons of Keynesian theory, the Nike Corporation have repeatedly disregarded ethics in the name of profit.

While it is well known that Nike continues to use sweatshops to get products at the lowest possible cost to turn around and sell them at the highest possible returns, their lack of ethics does not seem to bother their customer base. This would seem to fly in the face of all things rational, but it’s the nature of the market. As many capitalism purists defend these practices in the name of the free market, those who study thermo-economics look at the practices of companies like Nike as a problem beyond ethics.

As the middle man continually drains capital, energy, and trust from an economy, they have the potential to bring entire systems to a screeching halt. Unfortunately, many executives who understand nothing but the principle of buy low, sell high do not understand long term planning or conservation of energy. Whether real estate bubbles, stock market bubbles, or Dutch Tulip bubbles, the “buy low, sell high” intermediaries have repeatedly entered markets and drained them of their economic energy just to move on to do the same to a new market.

Squeezing Out The Middle Man
As the cycle has repeated many times throughout history, consumers are finally getting access to new ways to avoid the middle man.

One of the biggest and best examples in recent history was when “Napster” was created to allow person to person file transfers, and thus began the downfall of the entire music distribution industry. While the fight against person to person file sharing was initially led by Lars Ulrich of Metallica, other musicians came out in favor of file sharing, and the band Radiohead even went on to release an album that allowed users to download an album for free or donate. Many years later, the effect of P2P file sharing on the “middle men” of music distribution is undeniable, as the record industry lost half of its sales over a decade.

What can be gleaned from the Napster phenomenon is that when centralized institutions face person to person alternatives, the centralized institution is usually made to look like the worse option. As central banks and credit card companies scramble to understand cryptocurrency and how they can try to control it, major developments in the decentralization of currency transfer have been happening.

As central banks rely more and more on government bailouts to exude their control over the commerce of “Keynesian-based” economies, governments that used the middle man approach are running out of funds as well, and cannot perpetuate the shell game. This is not only a good thing for consumers, it is the perfect storm of centralized debt and consumer lack of trust for centralization.

The consumers that have been exploited and drained of their economic energy by the centralized banking systems will not likely stay with these centuries old feudal systems when faced with a viable and accessible option. If capital is able to freely flow around the centralized systems, they will eventually have no capital to perpetuate themselves, as they fundamentally have no concept of producing anything valuable for society.

The Birth Of The Proto-Dynamo
With the advent of Decentralized Autonomous Organizations (DAOs), the entire process of turning an idea into a tangible item gets taken out of the hands of corporations, and the development becomes an intimate exchange between the crowd and the actual developers. When an idea is presented to the crowd, the ideas that the crowd deems fit get funded.

Kickstarter is one of the most well-known crowd funding sources for start-up projects; but as cryptocurrency takes off teams like Mastercoin, Swarm, and Counterparty have created systems that allow crowd-funding to take on the direct route cutting out the middle man. As these systems are improved upon to create “trustless” infrastructures where there are safeguards to prevent exploitation within a trade, viable options to centralized banking are closer to reality.

If one looks at the Crypto Rush objectively, there have been more technological developments within the past six months than there were for the previous three years. This is perfectly in line with the technology associated with the gold rush, as the first miners were able to easily make money with pick-axes and panhandling, but as the gold became scarce, hydraulic drills and tech more advanced tech became necessary to mine the ore.

Just the same with the influx of pyrite or “fool’s gold” following the gold rush, the “fool’s alts” have made an entire community jaded to the point of throwing out the word “scam” as if it were a common salutation. In the wild west of Cryptoland, the harsh realities of economic Darwinism coupled with the fantastic possibilities of thermo-economics have created a machine which I will call a “proto-dynamo”.

It is important to establish the “Proto-dynamo” as concept that represents an entirely new paradigm of economic infrastructure. The concept alludes to the “dynamo” which is a machine that uses opposing magnetic forces to efficiently produce/convert energy. The principle behind the dynamo is to use opposing forces within the same machine to get a consolidated output of energy. If the new paradigm of “protodynamism” can be represented by an electrical generator, the old paradigm of Keynesian theory can be represented by a meat grinder in which ten pounds of product goes in one side, and six ounces of tasteless sausage comes out the funnel possibly tainted with formaldehyde or some random pesticide that is unpronounceable.

Since this article is not simply meant to take cheap shots at Keynesian theory, we will continue to delve into the necessity of Proto-dynamism. As Marshall McLuhan predicted with his “global village” theory, the growth of mass media has quickly made information extremely accessible to the average individual. In tandem with an infrastructure that allows crowd-funding to bring ideas to fruition as fast as possible, progress of technology that is useful to society will be able to hit the most efficient point that has ever been recorded.

The Arab Spring has been an actual revolution fueled by technology and information sharing that would not have been possible without the ability to quickly share strings of 140 characters. With the ability to share information comes the ability to have shared experiences. What have been forecasted as digital tribes by Mcluhan are the logical extensions of a globe trying to break free of the archaic and imperialist paradigm of nation-states.

On one hand, the homogenization of the public forum allows a space for shared experience which can facilitate empathy. On the other hand, a globalized forum necessitates the coexistence of potentially opposed ideologies.

All that said, the perfect storm of a populace that has little trust for centralized authority and a newfound opportunity for decentralized systems is upon us. It is impossible to know what tomorrow brings, but if we look at history, we have likely the smartest generation of humans with the most access to capital and information. From where I am sitting, the future looks pretty awesome.

From May 17, 2014

Return of the Jedi: Using the Force of Regulation (http://thecoinfront.com/return-of-the-jedi-using-the-force-of-regulation/)

Editor’s Note: This article is called Return of the Jedi because it’s part of a series. If you’re okay with jumping in at the middle, by all means keep reading. But if you want it to make a little more sense, you might want to start at the beginning (http://thecoinfront.com/a-new-wave-of-pioneers-mining-the-unknown/).

One of the major issues facing the Crypto Rush is the looming threat of regulation into obsolescence. As China and Russia threaten to ban Bitcoin, and the United States threatens to tax it into oblivion, the former free market is being shaken by the impending possibilities of government crackdowns.

While some cryptocurrency enthusiasts think regulation will ultimately be the death of cryptocurrency, some parts of the community believe some level of regulation is necessary to save the currencies from thieves and hackers with bad intentions.

One can look to history to get an example of the extreme sides of under-regulating, and conversely what happens when something is over-regulated. In one case, under-regulation led to the Great Depression and in another case over regulation led to the United States government effectively stealing gold from its citizens.

Following the Gold Rush, a speculators’ market emerged where gold was bought and sold in expectation of profits based on the rising demand and fading supply.

While many of these trades were legitimate, there were many con artists who passed off pyrite as gold, and plated metals like lead with a layer of gold to trick buyers into paying exorbitant prices for relatively worthless items. As more people were taken advantage of in schemes that extended beyond just selling fool’s gold, government intervention seemed to be the only resolution to protecting the citizens. To properly contextualize regulation surrounding the Gold Rush, we should briefly examine the regulation and deregulation that occurred before it.

Central banking was first established in America in 1790, but due to war and unforeseen economic distresses, it became insolvent, and new charters were made to establish a second central bank to try to salvage previous investments.

In the middle of the economic crises, the brief War of 1812 caused economic stresses on all sides and increased tensions between the Americans and the British. The war was heavily focused around the trade blockades Britain had put up around France, as the Americans and French established a diplomatic relationship with the Louisiana Purchase.

The disputes between Britain and France in turn affected the British and American relations. With British charters eventually being cut off, and post war debts mounting, the banking system in America fell apart, leaving the citizens to re-establish the localized economies that existed with colonial currencies. This would be a perfect storm for allowing the Gold Rush to emerge in a near free market so the economy could be re-established without too much regulation stifling the market.

Retrospectively, the period from 1800-1848 may be observed as a battle for resources. The American government annexed the oil rich Texas from The Republic of Mexico, and established American sovereignty in California following the conclusion of the Mexican-American War. Consequently, the influx of newly found capital from gold, and the subsequent discoveries of large oil reserves in Texas in 1894 was the perfect environment for giant corporate conglomerates to form unchecked by any governing body.

Leading up to the turn of the century, the railroad system began to make national trade much easier and became the backbone of the American economic infrastructure. In 1887 the Interstate Commerce Act established a means to regulate private corporations because of the railroad industry’s increased power through monopolization.

Initially this act was aimed directly at the railroad industry, but the act extended beyond just railroad companies. The Department of Commerce and Labor was formed in 1903 to prevent corporations from abusing their workers in the same vein as the 1887 act was meant to protect consumers and workers alike.

With the influx of new capital, and increased regulation on speculation, it was only a matter of time before this culture would spread into the banking system. As investment funds became heavily concentrated, the chances of massive gains increased, but so did the chances for devastating losses.

This speculative cycle nearly collapsed the economy in the Panic of 1907 following heavy stock market manipulation and a resulting bank run, but J.P. Morgan effectively united a group of banks and saved the failing economy from the lost capital drained by bad speculation, bad banking practices, and empty promises made by con artists posing as legitimate businesses.

In an attempt to re-establish a central banking authority and prevent another economic disaster, the Federal Reserve Act established a new system of banks that would hold assets in an attempt to ensure the country could have asset backed solvency.

This act would start a series of extremely polarized decisions by the federal government concerning involvement in private sector ventures. As the new central banking system began to establish itself alongside the stock market, rampant speculation and scam artists led to a bank run and market crash that thrust America into the Great Depression.

The federal government then passed the Glass Steagall Act to try and prevent large banking conglomerates from mixing commercial and investment banking. The point of this was to stop big corporations from conspiring to take advantage of large portions of the American economy, and by proxy the American government.

In further attempts to use federal authority to solve the economic crisis facing the nation, Franklin D. Roosevelt’s New Deal established an initiative to build a new infrastructure to be used by the citizens, protected from corporate takeover.

A hybrid entity called the Tennessee Valley Authority was created in 1933 that took the corporate investment structure in tandem with the aim of serving the citizens at large. This was supposed to be the first of many such organizations, but lobbying groups put a stop to it, moving the United States into an age of deregulation and consolidation of capital into corporate monopolies.
After completely outlawing the right to own or trade gold in value of excess of $100 with Executive order 6102, the Gold Reserve Act took the gold from US citizens and put it in a national reserve to theoretically prevent the economy from collapsing again. When the US government took the gold and subsequently fixed the price, they were able to raise the value of their assets to recover losses during the depression. But while the short term effects shored up losses, the long term effects would send the United States down a path toward legislation backed oligarchy and corporate conglomerates that took advantage of the deregulation and created a culture of crony capitalism.

As we move into the next chapters, we’ll see this cycle of consolidation, regulation, and deregulation repeat in the modern era, as the Glass Steagall act faced repeal, and the banks once again used consolidation of infrastructure to take hold over the American people.

We’ll look at how ethics started to become part of the public dialog, and how the corporate models were dependent upon ethics being ignored. As information has become more available, the consequences of unethical behaviors and practices have become more public, and we will see how the Crypto Rush has the potential to be one of the first global economic shifts that is rooted in ethical awareness, and the implications of such a worldwide movement based around the ideals of symbiotic existence, practical application of new technology, and mutually beneficial usage of resources.

Thats all too advanced for us most simpletons in this altcoin section of bitcointalk forum. i am being sarcastic haha. Anyway it is nice when smart people visit us every now and then.It is nice to read your works and learn something.

any updates?

go to this topic  https://bitcointalk.org/index.php?topic=1434155.0