LushCoin provides the first viable business model for innovative open source work.
The ability to not just hash ideas, but also treat them as mathematical objects is a huge first in AI.
Idea hashing is a huge part of LushCoins equivalent to Bitcoin's mining (Proof of Work).
Your thoughts are welcome.
The code can be found here:
https://github.com/Grand-Axe/Okeuvo-Lite... and LushCoin is at
https://github.com/Grand-Axe/LushCoinOpen source coders/services will be the first sector to benefit from LushCoin in a phased rollout. For those who have followed LushCoins promise, the codebase is also moving from a C# NBitcoin base to Rust and Hyperledger Sawtooth.
A brief intro to LushCoin can be found below, you can also see
https://github.com/Grand-Axe/Awesome-City for an example of the direction the project will proceed along after the initial phase that will concentrate on open source coders/services.
What's LushCoin?LushCoin is a concept for a publicly owned, open source cryptocurrency that depends on a novel AI method, OkeuvoLite,
https://github.com/Grand-Axe/Okeuvo-Lite to first create a unique hash for any idea (regardless of what that idea might be or how its text is expressed) and then generate tokens equivalent to the value of the idea for its funding.
The generated hash can be used to determine the originality of a concept and to evaluate its potential contribution to human wellbeing and dignity. This gets done through a consensus system based on novel open source and crowd consensus methods (see the LushCoin white paper -https://github.com/Grand-Axe/LushCoin/raw/master/Docs/LushCoinWhitePaper.pdf.
Funds will be generated to finance viable original concepts and inventions, taking local feelings and gaps in resources into account.
Currently, an astonishing 97% of patent applications fail - not because they are no good, but because they fail to meet a flawed definition of profit that only takes material gain into account, to the neglect of all other forms of gain.
For example; where patents in many areas of climate change and open source will fail for lack of profitability (in the narrow sense of the market definition), a LushCoin project would consider impacts on wellbeing, human dignity, knowledge increase and dissemination ... as well as its ability to generate material gain.
For emphasis, despite its obvious benefits to humanity, a breakthrough open source invention of an Antarctic based climate saving device to harmlessly rid the atmosphere off excess carbon dioxide will almost certainly fail in todays material profit only market; whereas it will pass muster in LushCoin - no strings attached.
The very same wasteful ethos that see's 97% of patents failing also drives climate change and other lopsided effects.
