LushCoin White Paper - AI and Blockchain Redefining Money

[Grand-Axe]

Introducing LushCoin
LushCoin introduces novel concepts that replace proof of work with an AI algorithm. It is proof that AI can do good.

LushCoin contains several innovations, but the standout one is the use of AI to evaluate inventions and innovations in order to generate money proportional to their projected economic impact on a host community. Out of this money, a project will be financed in the host community, a reward will also go to the inventor or innovator and to miners.

This is the first time a currency has been based on the potential of an idea to do real work, rather than on gold or on a virtual outcome. Because of this, LushCoin is expected to be immune to currency speculation.

In another novelty, AI, blockchain and cryptography are employed to provide unique signatures (called intellectual form) for inventions and innovations, so that a concept can be cryptographically hashed and robustly identified wherever it may occur; furthermore, the differences between two concepts can be reliably and repeatedly quantified (good for derived concepts). This makes possible the radical idea to copyright or apply a license to the flow of a concept; so, making current patent procedures quite antiquated. Additionally, the intellectual form can be recorded on the blockchain where both the immutability of the blockchain and date of insertion provide a date for proof of originality.

There are several benefits to LushCoin. The intellectual form makes it possible to both provide protection for an original idea and still release it as open source. Instead of royalties, owners of original ideas are paid in blocks until they die. The application process also costs virtually nothing.
The combined benefits make it easy for a community to raise its geniuses and build businesses around them for the benefit of all.

There will be no ICO for LushCoin, because its methods make it self-financing.

LushCoin is still in the early stages, I'd love to hear any suggestions, corrections etc. Please read the white paper:
https://github.com/Grand-Axe/LushCoin/raw/master/Docs/LushCoinWhitePaper.pdf

Source code will begin appearing at https://github.com/Grand-Axe/LushCoin in the next couple of days.
I run an unrelated AI effort at: www.mindmutiny.com

[alicex]

but how to distribute the token?

[ETCethereum]

Luchcoin new coin or old coin dev
and not explain about detail luchcoin dev, total suply coin, open ico selling and open bounty or not

[q52778192td]

Great waiting for more details

[Grand-Axe]

but how to distribute the token?

Aside from the generation of coins, everything remains basically the same as bitcoin.

For coins you own, these can be distributed pretty much as you choose, just as with bitcoin.

With communities (which can be, a town, village, country, the world etc) it is slightly more complicated. Here's a two part summary:

1. POW is replaced. Instead money is generated in a race by miners to evaluate the impact a business based on an innovation will have on a community. The evaluation is done by AI, then opened up for public scrutiny.
The money generated by LushCoin, it will go to a multisig address from which an incubator can draw monies to actualise the innovation, if and only if it has the agreement of the host community and the innovator.
2.  The colored coins used by the system will be produced by dedicated forms which will produce machine readable versions of the parts that get stored on bittorent. Acknowledgements of system transaction get sent to those concerned as colored coins.

Thats pretty much a summary of coin minting/distribution in LushCoin.

Great invention / innovation = great reward
Trash idea = trashcan

If a community cannot innovate, it will go out of business. With each innovation they host, community will then enjoy the jobs created, development; enhanced skills base and economy viability.

[Quartx]

but how to distribute the token?

Aside from the generation of coins, everything remains basically the same as bitcoin.

For coins you own, these can be distributed pretty much as you choose, just as with bitcoin.

With communities (which can be, a town, village, country, the world etc) it is slightly more complicated. Here's a two part summary:

1. POW is replaced. Instead money is generated in a race by miners to evaluate the impact a business based on an innovation will have on a community. The evaluation is done by AI, then opened up for public scrutiny.
The money generated by LushCoin, it will go to a multisig address from which an incubator can draw monies to actualise the innovation, if and only if it has the agreement of the host community and the innovator.
2.  The colored coins used by the system will be produced by dedicated forms which will produce machine readable versions of the parts that get stored on bittorent. Acknowledgements of system transaction get sent to those concerned as colored coins.

Thats pretty much a summary of coin minting/distribution in LushCoin.

Great invention / innovation = great reward
Trash idea = trashcan

If a community cannot innovate, it will go out of business. With each innovation they host, community will then enjoy the jobs created, development; enhanced skills base and economy viability.

If you can create and use an AI that is fair in its evaluation and can evaluate all kinds of events fairly, you would not be posting here. The impact a business idea or proposal has is based on too many inputs, the same inputs can have different weights to different humans for examples too different VCs, how do you ensure fairness and correctness unless you know the future? Eventually every single outcome would depend on public scrutiny rather than AI, and with that the person who controls the crowd gets to have his or her proposal approved.

[Grand-Axe]

Luchcoin new coin or old coin dev
and not explain about detail luchcoin dev, total suply coin, open ico selling and open bounty or not

The essence of LushCoin is that ideas (invention/innovation) can create actual work that people will be paid from, so LushCoin generates the money to get the idea off the ground. This replaces proof of work; instead of working with the nonce, AI is used to create a cryptographic hash from the idea that uniquely represents its novelty. LushCoin is based on creating an ecosystem around original ideas.

Because LushCoin creates money in response to ideas, it will not need an ICO, bounty or other such device.
The more lives an idea can change, the greater the reward paid to its originator. Bad ideas will get discarded.

Take for instance you start a wonderful open source idea to create a wonderful gizmo, but you do not have the money. With LushCoin:

• You choose a community to host your idea.
• You select your preferred business incubators.

If the idea is good:

• You get rewarded.
• You get protection for your intellectual property.
• The incubator gets funding to see your idea through.
• The host community gets jobs and development.

By the way, the idea doesn't have to be open source.

Because proof of work has been replaced with proof of originality, total coin supply is not applicable to LushCoin.

[LIghtvelocityCoin]

I support the new idea.
The new trying is far better than copy-paste coins.

[Grand-Axe]

but how to distribute the token?

Aside from the generation of coins, everything remains basically the same as bitcoin.

For coins you own, these can be distributed pretty much as you choose, just as with bitcoin.

With communities (which can be, a town, village, country, the world etc) it is slightly more complicated. Here's a two part summary:

1. POW is replaced. Instead money is generated in a race by miners to evaluate the impact a business based on an innovation will have on a community. The evaluation is done by AI, then opened up for public scrutiny.
The money generated by LushCoin, it will go to a multisig address from which an incubator can draw monies to actualise the innovation, if and only if it has the agreement of the host community and the innovator.
2.  The colored coins used by the system will be produced by dedicated forms which will produce machine readable versions of the parts that get stored on bittorent. Acknowledgements of system transaction get sent to those concerned as colored coins.

Thats pretty much a summary of coin minting/distribution in LushCoin.

Great invention / innovation = great reward
Trash idea = trashcan

If a community cannot innovate, it will go out of business. With each innovation they host, community will then enjoy the jobs created, development; enhanced skills base and economy viability.

If you can create and use an AI that is fair in its evaluation and can evaluate all kinds of events fairly, you would not be posting here. The impact a business idea or proposal has is based on too many inputs, the same inputs can have different weights to different humans for examples too different VCs, how do you ensure fairness and correctness unless you know the future? Eventually every single outcome would depend on public scrutiny rather than AI, and with that the person who controls the crowd gets to have his or her proposal approved.

Why would I not post here? I don't get that part.

You've got it mixed up. What will be submitted will not be a business idea, but an original idea or innovation. It is important to understand this subtlety.
It is the original idea or innovation that will get evaluated by LushCoin for its impact. Then money can be generated to fund a project to actualise the idea and to reward miners and the inventor.

Firstly the submitted idea gets tested for originality, without which it will not progress to any sort of public scrutiny. A person cannot hope to control the crowd when they do not know the outcome of the AI originality test. Public scrutiny is mainly to vet logic, usefulness, benefits, negative impacts etc. As an extreme example; a community will most likely reject an idea for building dirt cheap houses out of toxic waste. The crowd will act in its own interest.

After passing the originality test, the strength of the ideas connections to society are measured. How useful is it? How connected is it to such local factors as education levels, suppliers etc? This is all done by AI.
Everything in the world is part of a network, therefore network methods work quite well to resolve systems where there are multiple inputs. For instance, LushCoins preferred method for measuring strengths is network accessibility, a method which has already been successful in epidemiology for modelling the spread of disease (weighting, varied inputs and all).
Weighting can be obtained from random walks on corpora (eg Wikipedia), World Bank data etc.
Number of inputs = no problem.

It is only correct that public scrutiny overrides AI. After all, we don't want to be ruled by machines. AI must be a tool to improve our well being and nothing more.

As far as controlling the crowd is concerned, the only group that can benefit from this would be inventors or innovators, because only their ideas can cause money to be generated. BUT, would anyone want to play games with their original idea and risk getting chucked out? I think not. Most importantly, AI, not the crowd, will determine the amount of money to generate as well as size of reward for inventor or innovator.

In addition, the methods for forming a community on LushCoin are quite strict. Every community must be tied to a geographical location (meaning real people on the street), all membership is by invitation only, and erring members will be thrown out along with the full invitation tree of the person who invited them. This should be an effective disincentive for any with a corrupt bent.

[forgeron]

 At least, that's something new  . I'm just confused about community registration, ect

[Grand-Axe]

Update
The core of the AI component (the bit that can create unique cryptographic hashes per concept) has been largely completed.
The component has taken by far the most coding time so far, so... Phew! I'm happy to announce that it will go into beta on the 26th of June 2017 (8 days time).
The beta component will be open to well known sections of the open source and allied communities.

There will be further updates here, on the Github repo and possibly elsewhere. The updates (in no fixed order) would be about how to obtain LushCoins AI components, when they will be available, LushCoins beta date etc.

I support the new idea.
The new trying is far better than copy-paste coins.

I know its late, but thank you.

At least, that's something new  . I'm just confused about community registration, ect

Here's another late appreciation, thanks.

[primeval]

Good to here! Please keep us updated here.

[TimeTeller]

If you can create and use an AI that is fair in its evaluation and can evaluate all kinds of events fairly, you would not be posting here. The impact a business idea or proposal has is based on too many inputs, the same inputs can have different weights to different humans for examples too different VCs, how do you ensure fairness and correctness unless you know the future? Eventually every single outcome would depend on public scrutiny rather than AI, and with that the person who controls the crowd gets to have his or her proposal approved.

Why would I not post here? I don't get that part.

-snip-

Firstly the submitted idea gets tested for originality, without which it will not progress to any sort of public scrutiny. A person cannot hope to control the crowd when they do not know the outcome of the AI originality test. Public scrutiny is mainly to vet logic, usefulness, benefits, negative impacts etc. As an extreme example; a community will most likely reject an idea for building dirt cheap houses out of toxic waste. The crowd will act in its own interest.

After passing the originality test, the strength of the ideas connections to society are measured. How useful is it? How connected is it to such local factors as education levels, suppliers etc? This is all done by AI.
Everything in the world is part of a network, therefore network methods work quite well to resolve systems where there are multiple inputs. For instance, LushCoins preferred method for measuring strengths is network accessibility, a method which has already been successful in epidemiology for modelling the spread of disease (weighting, varied inputs and all).
Weighting can be obtained from random walks on corpora (eg Wikipedia), World Bank data etc.
Number of inputs = no problem.

-snip

Based from your mindmutiny website, you are alone so how can the innovators trust you if your professional background is not that strong to receive those ideas & test for whatever you want it to be.
I'm not convinced on how you deal with this kind of project. Usually, such novel ideas are submitted to a panel of technical experts and the process is very tedious.
This one is not really plausible at all.

[AmoreJaz]

If you can create and use an AI that is fair in its evaluation and can evaluate all kinds of events fairly, you would not be posting here. The impact a business idea or proposal has is based on too many inputs, the same inputs can have different weights to different humans for examples too different VCs, how do you ensure fairness and correctness unless you know the future? Eventually every single outcome would depend on public scrutiny rather than AI, and with that the person who controls the crowd gets to have his or her proposal approved.

Why would I not post here? I don't get that part.

-snip-

Firstly the submitted idea gets tested for originality, without which it will not progress to any sort of public scrutiny. A person cannot hope to control the crowd when they do not know the outcome of the AI originality test. Public scrutiny is mainly to vet logic, usefulness, benefits, negative impacts etc. As an extreme example; a community will most likely reject an idea for building dirt cheap houses out of toxic waste. The crowd will act in its own interest.

After passing the originality test, the strength of the ideas connections to society are measured. How useful is it? How connected is it to such local factors as education levels, suppliers etc? This is all done by AI.
Everything in the world is part of a network, therefore network methods work quite well to resolve systems where there are multiple inputs. For instance, LushCoins preferred method for measuring strengths is network accessibility, a method which has already been successful in epidemiology for modelling the spread of disease (weighting, varied inputs and all).
Weighting can be obtained from random walks on corpora (eg Wikipedia), World Bank data etc.
Number of inputs = no problem.

-snip

Based from your mindmutiny website, you are alone so how can the innovators trust you if your professional background is not that strong to receive those ideas & test for whatever you want it to be.
I'm not convinced on how you deal with this kind of project. Usually, such novel ideas are submitted to a panel of technical experts and the process is very tedious.
This one is not really plausible at all.

i do have to agree... the plausibility is certainly inadequate! simply for a few very tried and tested  procedures...
1:) while working with the patent... there has to be a very large and cumulative resource dedicated to assuring the rightful owner is not infringing on others. ...
so while this simple algo would try to do the same thing it would be like writing an entire paper and changing or omitting a single letter and allowing the patent to pass because of the missing or changed letter in the project even if everything else is identical to another project or patent!
2:) the verification process if automated by a computer will not be able to do real world verification of the KYC and credentials of the person applying for it!

there are several other aspects of this would have a large backlash and would have this rejected at any patent lawyers office!  and if people are to credit this as a way to get things patented then they are very sorrily mistaken!
the process of this is very well defined and tested in every aspect and cannot  be replaced by AI as it is a REAL  WORLD  Investigation that will allow this to be acknowledged!

[miramare]

Bad:
inadequate information;

Good:
No ICO.

I will follow your project. 

[Grand-Axe]

If you can create and use an AI that is fair in its evaluation and can evaluate all kinds of events fairly, you would not be posting here. The impact a business idea or proposal has is based on too many inputs, the same inputs can have different weights to different humans for examples too different VCs, how do you ensure fairness and correctness unless you know the future? Eventually every single outcome would depend on public scrutiny rather than AI, and with that the person who controls the crowd gets to have his or her proposal approved.

Why would I not post here? I don't get that part.

-snip-

Firstly the submitted idea gets tested for originality, without which it will not progress to any sort of public scrutiny. A person cannot hope to control the crowd when they do not know the outcome of the AI originality test. Public scrutiny is mainly to vet logic, usefulness, benefits, negative impacts etc. As an extreme example; a community will most likely reject an idea for building dirt cheap houses out of toxic waste. The crowd will act in its own interest.

After passing the originality test, the strength of the ideas connections to society are measured. How useful is it? How connected is it to such local factors as education levels, suppliers etc? This is all done by AI.
Everything in the world is part of a network, therefore network methods work quite well to resolve systems where there are multiple inputs. For instance, LushCoins preferred method for measuring strengths is network accessibility, a method which has already been successful in epidemiology for modelling the spread of disease (weighting, varied inputs and all).
Weighting can be obtained from random walks on corpora (eg Wikipedia), World Bank data etc.
Number of inputs = no problem.

-snip

Based from your mindmutiny website, you are alone so how can the innovators trust you if your professional background is not that strong to receive those ideas & test for whatever you want it to be.
I'm not convinced on how you deal with this kind of project. Usually, such novel ideas are submitted to a panel of technical experts and the process is very tedious.
This one is not really plausible at all.

The open source community is brimming with experts to overflowing.  "Experts" did not bring us the blockchain, as an example. The open source community will test my work and critic it.
Do not forget that it is due to a component of the open source community (Bitcoin) that we are here today.

[Grand-Axe]

Bad:
inadequate information;

Good:
No ICO.

I will follow your project. 

Thank you. Seriously, I am sorry about the inadequate information, especially as LushCoin promises to be quite revolutionary. Its because AI demands deep commitments of time and concentration, yet on top of that I have to code my website, design it and its images, author information etc. Its a huge task.

More people will be most welcome aboard the LushCoin boat (devs especially) as early as possible, however the project needs to get off the ground to a level where anyone working on it can visualise the synergy of all its components. That stage should follow quickly after LushCoins core AI technology is proven, the AI core is absolutely central to how the entire project fits together. So the next couple of weeks are critical.

Importantly, I am sort of nerdy and introverted, there are times I think I have communicated vast amounts of info only to be "hey, look Joe, quit the whispering". So any advice on how to communicate LushCoin info would be much appreciated.