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February 15, 2014, 05:45:37 AM
Last edit: February 15, 2014, 06:30:49 AM by abhay81 |
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Dear Friends,
1st question : should we use technology to create a situation for ethical government adoption?
Arguments in favor:
1. Market adoption is required to fulfill bitcoins vision...In an interdependent global society(political/(big demographic) acceptance)
Conclusion : Then demands for a compassionate and ethical framework have increased
Consideration: Frameworks in the open source world are different and those in the Open world are different...to bridge the gap
we have at our disposal cyberspace...
Satoshi made bitcoin and then there were gods...
The adoption has been slow...and being p2p and cryptic the adoption is questionable
I've been asking myself a question since forever if there is any value in leading change??
And I've always believed that there should be...
but leading change comes at a stark cost...
Satoshi had to go underground...
Bitcoin has enlightened me it wants to be used for good but can't help being naughty...
Therefore I propose a checkpoint be created now...
An Open source political solution could be drafted...
I don't believe our governments have all the answers...the oppression in our conscious physical world...is a continuous check on our empathy
The virtual world is a beautiful place but due to an immature execution implementation it has entered a whirlpool...
and any time spent online people fear a heart attack...
A global political statement is also an issue...
and the solution is also a problem...
But then again is it???
Here is what we may do...using the Byzantine Generals Problem's solution we conduct our activities from development to launching open to all eyes
Just that decisions are made when someone has stake...
The pool will have to trust each other with their real life identities...have faith that the Open source honest will make good judgements...
OK so now the solution...Yup after all that it is here in simple english...
1...Build a coin and layer it over the bitcoin onion...
using peoples identities and then identifying their business friendly nodes we create a coin
that keeps an eye on the Bitcoin wallets of
these founders who will initiate the "experiment"
Any student of sociology here???
how many connections can a person handle???
now to do business in this environment
I'll collect BTC and create a reserve bank environment...
Let BTC remain gold
lets just build heaven right above it...
How:
The honestCoin banking protocol...
I (removing this detail...for honest eyes only)
There are 3 Values...
Credibility
Credit
&
honestCoins
Now people need not move their BTC for every move...
People move their credit and their honestCoins around...
Those who do business regularly may choose to move credit to each other
and when proof of honestwork is received honestcoins may be moved depending on relationship and judgement
those who are able to fulfill work
for good credit cycles gain credibility
credibility will be the value
that checks the ability to give credit
rest all that is required is an estimate of the pool growth...survival of honesty
If you haven't yet understood
I'm talking about open source banking
The double spending solution used in a different way
You either spent your time moving some Bitcoins honestly or you did not... (transaction charge)
You either did the work required for Credits or you moved some honestCoins...(donation to your personal banking nodes/main Reserve
Stock/Donation to high credibility nodes automatically calculated by system and kept in check)
personal p2p banking.
honestCoin investments are not valuable if one invests in failing nodes...
It's a contract you'll end up initiating over yourself to
live chill and work
honestly bitcoin getting more expensive is not a good thing because moving money fast then gets expensive
honestCoins does not survive without bitcoin...
but it can survive without Bitcointalk members
honest coins will show us on a global scale exactly
what is the value of honesty in the worlds eyes...
time may come when people could understand the system well enough
and they act out in a mean streak and break this business class pool
or break some banking members credibility
Therefore from start to end highly credible people would be required
those who have enough credit
Bitcoins
and faith in their personal ability to judge an honest investment...
honest people
how honest does someone really need to be in the global society (who can tell?!?)
This may cause huge buy-in panics
they'll need to be patiently held
if too many bitcoin wallets internal or external accuse regarding fraud...if you have honest coin wallet you pay in credit to accuse...if you are
outside you have ability to make paid complaint or basic complaint...[you pay BTC to the network...you show proof of willing to pay wallet]
peer nodes would help you out...but credibility goes to complete 0 whenever complaints are initiated for both the complainant and the Judged
the time block for these transactions need to be in the correct proportion...
when you don't really have to move your money around internationally and you are trusted you can do a lot of great business and enjoy the benifits of the economy in its flourishing
There are some human checks also in place...these shall help provide ability to dissolve coins that have not been moved for 3 years
oh and the scalability of the client would be crazy...If you understand how the scalability will be achieved, then you've understood what is the last
technical secret that i'd like to share...to prevent IP loss
It's time we had a financial network on which Artists could share their work with honest people that they could trust with their IP...
Credibility...that is what I offer you
Credit...when you make your money just spread love
Coins....If you like the clean-up storm I help lead...
then whatever you wish you could donate...Other then that I just help keep the Bitcoins safe
and hopefully if you understood the plan...
The initial investors would help protect my identity.
and then I don't take any money
It's fair to me too cause then this storm is my only work
but it is a work of ART
honestCoins
honestly would you tell your friends about it!!
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