By Christopher Davis
This
article is about the new chaos culture … but before I get into that, if you’re
looking for one of the most respected cutting edge companies to work for or to
learn from, then if you haven’t already done so you should check out Gartner.
They have a lot to say, and a way to say it. Their hands-on training and
apprenticing programs turn out professionals who make a difference. It might
just handle some of the chaos that’s coming.
They first came to my attention through the
image shown above, and since I’m somewhat of a futurist it captured my
attention. The reason it caught my
attention is because I’m deeply involved with and interested in the new
decentralized technical, philosophical, political, ecological and financial
world, (which I guess covers most of it,) that’s emerging due to the blockchain
technology, the blockchain’s accompanying cryptocurrencies, and the new
alternative digital currencies and tokens which are beginning to hit the scene.
As can be seen by the issues being
addressed at this Gartner convention address, the subjects covered go well
beyond coins like Bitcoin and deal with a more holistic view of how the world
is in the process of being reshaped right now.
The times they are a changing.
Old
economic and social models are going the way of the horse and buggy. Like the
switch from the horse and buggy to the motor vehicle, it won’t happen
overnight, but it will be faster and far more dramatic. Changes are happening due to decentralization, interconnection,
tokenization and a growing consensus based economy and a consensus based
society.
The old world of centralized control was
previously necessary to monitor, control, coordinate and direct progress but
it’s becoming less so. In fact, it’s slowly disappearing like a polaroid image
in reverse.
The need for some entity to tell us who we
can trust is dissolving. The need for banking networks to transfer money is
eroding. Stogy, slow, and expensive regulatory systems and procedures are
showing telltale cracks as smart contracts and trust-free automated systems
take their place.
No …
it can’t happen here.
That’s what some people think. They think
that this cryptocurrency thing is only a fad and will go away. But the central
banks are worried and trying to gain control of the reins on a run-away team of
horses. Governments of the world are vacillating between trying to stop it and
by trying to co-op it for their own purposes. I’d venture to say that every
major bank and every major government in the world now has a division dedicated
to studying or developing how they can control it.
My
God, Facebook is even suggesting replacing the dollar as the reserve currency
for the entire world with their libra©
cryptocurrency. Imagine all the world’s currency
being run through a Facebook platform. Sound crazy, sound impossible? Well the
world leaders at this January’s World
Economic Forum in Davos Switzerland have been discussing it! Will they
oppose it and try to get rid of it as the U.S. Government has already done. Or
will they look at how to use a system that has over 2.45 billion connected
members to their benefit?
Let’s be clear, this is another attempt at
a form of Centrally Bank Controlled Cryptocurrency, and would be in direct
conflict with the intention of a decentralized system which is a private system,
a system free of government and bank control where it isn’t necessary to trust
any entity and obey arbitrary regulation when dealing with one’s own
money. If Facebook’s new libra© cryptocurrency, or
others like Chase Banks new cryptocurrency, or any other manifestations of a
Central Bank Controlled Cryptocurrency were to be implemented using the
Blockchain it would result in a complete Orwellian “Big Brother” control of
everyone’s finances.
The current line of attack is to create a
single world currency which is sponsored and controlled by the major Central
Banks including the Federal Reserve of the United States, the Central Bank of
England, the European Central Bank, the Central Bank of Japan, the Central Bank
of Switzerland, the World Bank and the Bank of International Settlements, all
of whom are in essence members of a globe straddling cartel determined to
control the finances of the world.
Even the Chinese who have been “adopted” by
the world bankers, have been included in the World Bank since 1980, and who are
reputed to owe the World Bank over US 40 Trillion, are involved.
The
key difference between economic freedom and economic slavery is true decentralization
versus centralization. The blockchain is powerful and anything powerful can be
used for good or evil.
I say; “true decentralization” because the
governments and bankers of the world are attempting to develop hybrids that
appear reasonable and appeal to emotional concerns of users, but in the end
further the Orwellian total control model they desire.
It’s
simple.
All that needs to be done to change the
blockchain from a freedom train to a series of railroad box cars taking people
to economic concentration camps is at some point along the line to throw a switch
that changes the decentralized nature of the blockchain to a centralized one.
Centralization versus
Decentralization and evolution
Most of the world is based upon centralized
systems – like central banking – but today’s technology allows us to work with
what might otherwise be considered chaotic systems and harness their power.
Because of the new technologies, the
weakness of centralized systems of all kinds including in key finance and
energy sectors are being recognized and are beginning to be addressed … and
they are threats to the incumbents.
The frontier
The old society is on course to be replaced
by a value conscious, culture driven future, filled with the kind of bright
hope and inspiration that is usually only found on the frontier, on the cutting
edge, and is the stuff like that often results in rapid evolution.
Society will always have new frontiers so
long as it’s moving forward, some bigger than others.
A
big one is happening right now. It’s happening due to the Internet and the
knowing or unknowing use of decentralization to harness chaos.
The things we hear about in ads like IOT
(the Internet Of Things) being used to turn our homes, phones and automobiles
into smart homes, smart phones and smart automobiles are all big advancements
by themselves, but are very small compared to what is beginning to emerge … and
which can be seen by those who are looking and who recognize the enormous
possibilities to look for.
Chaos Theory
Chaos
theory is an interdisciplinary theory stating that, within the apparent
randomness of chaotic complex systems, there are underlying patterns, there are
constant feedback loops, there’s repetition, self-similarity, fractals1.,
and self-organization. Chaos theory science looks at systems that are
very small and very large bit very sensitive, where a very small change may
make the system behave completely differently.
Some
big systems (like weather) might appear random at first look, but chaos theory
says that these kinds of systems are patterns may not be random. There may be
some underlying principles acting in these systems that we don’t yet
understand.
To
be described in another way, some synonyms for chaos could be: chance-medley,
confusion, disarrangement, disarray, dishevelment, disorder, disorderliness,
disorganization, free-for-all, havoc, heck, hell, jumble, mare's nest, mess,
messiness, misorder, muddle, muss, shambles, and a dangerous snake pit. All those things that are uncomfortable to
most.
Painting
by Christopher Davis © 2020
But it
is out of chaos that new order is born … and it can predictively … be unpredictable.
Have
you ever heard of “The Butterfly effect.?” In chaos theory, the butterfly
effect is the sensitive dependence on initial conditions in which a small
change, like the tiny bit of wind generated by the beating of a butterfly’s
wing, it can through repetition, and feed-back loops, result in the creation of
repeating patterns creating big effects, some of them in far distant places.
Example
In general, chaos theory deals with things
that are thought to be impossible or very difficult to control and predict. ...
Weather is an example of something that is non-linear and, not impossible, but difficult
to predict with a high degree of accurately. Patterns, winds, and geophysical
phenomena can change quickly and without much notice and in turn produce a
feedback loop that quickly intensifies the weather phenomena or suddenly
cancels it out. Here’s an example that happened in July.
On July 19th in Guadalajara
Mexico, in the middle of the summer, some of the roads in the city were
covered in three feet of hail stones. One minute there are hail stones dropping
out of the sky and the next moment it’s clear and sunny again.
The Internet, decentralization and
chaos.
Let’s take the example of the beat of a
butterfly’s wing causing changes thousands of miles away. Theoretically and
mathematically it is possible, but normally even if it did happen, it would be
hard to track, and in any case the beat of one of the giant butterfly’s wing in
the mountains in Taiwan would take quite a long time to affect a change in Los
Angeles … at least that’s how it used to be.
The
Internet changes that, by speeding it up by many orders of magnitude.
The addition of large decentralized
networks make random changes much more likely by amplifying and repeating the
wind from the beat of the one or two butterfly wings into many thousands of
puffs of air, and in doing so waves are created.
Picture a crowd wave occurring at a
football stadium. It starts with the intention and action of one, two or a few
fans and is picked up and amplified by hundreds or thousands. One or two people
raising their hands wouldn’t be very noticeable, but big waves created by many
hands repeating the same gesture creates a big effect that is noticed ... even
by the TV cameras.
So, by combining increased probability of a
large decentralized network with the lightning speed the of the internet two you
have higher probability coupled with tremendous speed and that equals power.
That’s why it’s simultaneously
Decentralization
is simultaneously exciting to those looking interested in change, and
frightening to those wanting to maintain the status quo.
It’s natural. Nature has a built-in way of
repeating things that work elsewhere, and framing that in relation to human
psychology that’s how it works. It deals with the repetition, feed-back, and
growth, that accentuates similarities and patterns that are coupled with common
needs or desires. It’s also natural that any entity is going to attempt to
survive, so you can end up having two powerful forces in conflict.
However, let’s do the math. Consider that
of the 8 billion people on this planet, 85% of the world’s wealth belongs to
the top 10% you see that the remaining 90 percent or 7.2 billion people hold
only 15 percent you can see some of what the winds of change might bring.
Probability
factors favor the larger number so long as the free communication factor is in
place.
The balance of wealth is one of the things
which will be affected by decentralization.
This does not mean to say that the people
who honestly or ethically earned their wealth are not entitled to it, but it
does recognize that much of that wealth is being rigidly held in place by fixed
centralized structures, many of which will be penetrated, if only by the
mechanics of a decentralized system. So just to be clear, I am not advocating
any sort of systems labeled as capitalistic, communistic or socialistic.
I am simply advocating a truly free laissez
faire system in which I believe some of the inequities will be resolved.
Chaos theory says that someone might
originate an idea or plan in Timbuctoo which resonates with someone else and
which is then disseminated via a free decentralized platform and built upon by
others in many places around the world. When this happens, a self-replicating
pattern emerges.
Patterns are what I call the BOT (The Basic
of Things) in the both physical and psychological world. Patterns persist well
beyond physical things, political ideologies, or even people. These things all
disappear or crumble away in time, but the patterns of existence persist.
In the new decentralized world, the more
suitable to the Internet the pattern structure is, the faster it will grow. If
it is easily duplicatable (understood) by all who are exposed to it, and if it
is perceived by them to be something that overcomes barriers and improves
survival, it will grow quickly. This is
the nature of organic growth.
The seemingly chaotic nature of a
decentralized culture comprises the matrix or the fertile ground that
simultaneously encourages and allows for growth that would not easily occur or
be permitted to occur in a controlled environment.
This phenomenon must be calculated
into any modern organizational structure.
It quickly become oblivious that old
centralized structures with their rigidly protected frameworks will, in time,
not be able to withstand the pressures created by the new interconnected global
society. Part of the reason for this is that the effects created are likely to
be “random” and not very predictable. The ideas generated through decentralized
thought will penetrate the most secure castles that were built out of fear to
resist change and keep control centralized.
Image from Wikimedia Commons (CC)
Decentralized Networks are relatively new but already span the globe and are constantly
delivering communication day and night at the speed of light.
Decentralized networks will affect all
aspects of life. They cross all borders and by their very nature, they are not
controllable by an outside source or central authorities including governments
and central banks. In many cases, they are opposed because of their
unpredictability and uncontrollable nature. This is a predictable survival
response. One that is to be expected from an incumbent political, technological
or financial entity entrenched in the global society. But as a famous line by
captain Picard of the starship enterprise so aptly puts it; “Resistance is
futile.” However, in this case, it’s due to the everyday voices of billions of
free men and woman being carried around the world on an ever-growing number of
decentralized networks.
Decentralized communication networks, some
of them pseudo-anonymous, and some completely anonymous encrypted networks,
will by-pass the control exercised by the entrenched communication platforms
which edit out items they don’t like or want. The communication platforms that
allow free communication will survive.
IOV
As mentioned, many people are now aware of
the Internet Of Things, but there is another, less known but very powerful
concept called the Internet Of Value (IOV).
As we move forward and automation, robotism
and other advances technology makes products of all kinds more available with
less human effort, we move further into a service economy where “value” begins
to become, (for lack of a better word,) more and more of a commodity. With the
interconnectedness of the Internet and social media considerations of value
even begin to take on more and importance, that can, through consensus, make or
break a company.
Economics is more than balancing a
checkbook. There are other things, such as;
·
Ecological capital
·
Social capital
·
Cultural capital
As our interconnectedness grows, so does
our awareness of the elements which make up a product and what level of social
and environmental responsibility are taken on by manufacturers and service
providers.
Right now, consumers rely more on product
reviews and testimonials then they do on statements made by a manufacturer or
vendor. This is an expression of the lack of trust in a single vested point of
view. The consensus model brought to the fore by the blockchain and the rapid
acceptance of a trust-free data is an expression of that attitude.
As the technology grows someone will devise
easy-to-use automated rating systems which not only assign a value index to the
products themselves, but also to considerations on the environmental and
sociological impact of the product or service, e.g. On a scale of zero to five
with zero bring the worse, and five being the best how would you rate
___________? Shown below is a rough
example.
Please
check how would you rate this product or service for:
Price:
0 [ ] 1 [
] 2 [ ] 3
[ ]
4 [ ] 5 [
]
Truth in advertising: 0 [
] 1 [ ] 2
[ ]
3 [ ] 4 [
] 5 [ ]
Satisfaction: 0 [
] 1 [ ] 2
[ ]
3 [ ] 4 [
] 5 [ ]
Delivery:
0 [ ] 1 [
] 2 [ ] 3
[ ]
4 [ ] 5 [
]
Environmental sustainability: 0 [
] 1 [ ] 2
[ ]
3 [ ] 4 [
] 5 [ ]
Social responsibility of the company: 0 [
] 1 [ ] 2
[ ]
3 [ ] 4 [
] 5 [ ]
Comments:
_________________________________________________________________________
The point I’m making here is that consensus
is going to play a greater role in shaping our society than most have yet
envisioned.
A system, once accepted and adopted by the
society will change the way company’s do business. It would also help the
companies to satisfy the needs and wants of their consumers while helping the
consumer to make wise economic choices.
Wise companies would willingly opt-in to
such a system.
Decentralized Finances
Right now, we have a centralized financial
environment and have little choice of how we conduct our financial lives.
Though governments and banks work hand in hand, today the banks have even more
power than national governments do. Over the years, the central banks of the
world have increased their control of virtually every country in the world, and
by extension over all of finances of their citizens.
The system is stacked
in favor of the elites.
In the United States the Federal Reserve
authorizes money that the government can print and provides the digital money
that the commercial banks can loan out. The FED charges interest on all the
money it creates out of nothing. It makes a few percent on every dollar it
creates and gets its money back through taxes collected by its collection
agency which is called the IRS. The IRS delivers the money directly to the
Federal Reserve. The Federal Reserve then buys government bonds with the money
and gets paid interest on that as well. At last notice the Fed is purchasing
about $60 Billion in Treasury bonds each month.
They also use this money to purchase mortgages from government chartered
Fannie Mae and Freddie Mac, and the Federal Home Loan Banks, and by Ginnie Mae,
a federal agency that guarantees securities backed by mortgages insured or
guaranteed by the Federal Housing Administration, the Department of Veterans
Affairs, and other federal agencies. The Fed now holds trillions of dollars of
mortgage based securities that are guaranteed by Fannie Mae and Freddie Mac.
This puts them into the position of owning much of America.
When the Fed gives out money to the
commercial banks, they then lend out over ten times the money they receive from
the Fed and/or from deposits made by their customers. This is called fractional
banking. These extra nine dollars don’t really exist either, when the bank
makes a loan to someone they create the money they are lending out of nothing,
with a simple computer entry. They’re not backed by anything except the
borrower’s signature signifying that it is a debt. The more loans the banks can
make the more money they create out of thin air, and the more debt they create
in the society.
The government, in the guise of necessary
bail outs now owns a great deal of private enterprise. Is this a hidden
socialism that is already in place? Some may say so. Others call it just
another form of oligarchy.
Inflation
Naturally, in keeping with the law of
supply and demand, as more money is created out of thin air and loaned into the
society the value of the dollar begins to drop. This is called inflation.
But inflation is not felt by the society
immediately. This is because the new
money is first primarily distributed amongst the elite, amongst the top tiers
of business’ who get the advantage of the “fresh” money before its value is
diluted.
This fresh money fuels stock buy backs
which give the impression of a booming market while producing little except to
line the pockets of the elites.
As the new money, which has been diluted in
value, finally reaches the middle and lower class the effects of inflation
settle in and it has less purchase value, but prices go up while taxation
remains the same and wages are stagnant.
This naturally restricts the purchasing
power of the middle and lower class which affects small businesses, especially
retail concerns. This is critical because consumer spending makes up over 68%
of the U.S. economy. Two thirds of consumer spending are on services. The
system is parasitic to the middle and lower class, who unlike the elites, spend
a major portion of their income on basic everyday needs. In such a system, the
parasites will eventually kill the host.
So, what does the consumer do? What has the
middle class’ solution to all this been?
The consumer attempts to compensate by
spending more via credit cards and the middle and lower class continues to go
deeper into debt resulting in the fact that consumer debt is now over 100% of
the GDP.
This
is not just happening in the United States, it’s a worldwide financial
pandemic.
The
global average of debt-to-GDP ratio (weighted by each country's GDP) is over 226 percent.
We have become a world of debtor’s and who
do we owe everything to? The answer is, primarily to the banks and secondarily
to the governments … both of which have the “right” to seize borrower’s
property when they want if the imaginary money they lent isn’t paid back plus
fines and interest by the borrower with the money they work hard to earn.
Here’s
some 2019 debt figures from the International Monetary Fund: World Economic
Outlook Database, and the United Nations: National Accounts Main Aggregates
Database
National
Debt to GDP Ratio of the top 30 most indebted countries
1.
Japan 237.54%
2.
Venezuela 214.45%
3.
Sudan 177.87%
4.
Greece 174.15%
5.
Lebanon 157.81%
6.
Italy 133.43%
7.
Eritrea 127.34%
8.
Cape Verde 125.29%
9.
Mozambique 124.46%
10.
Portugal 119.46%
11.
Barbados 117.27%
12.
Singapore 109.37%
13.
United States 106.70%
14.
Bhutan 103.85%
15.
Cyprus 101.04%
16.
Bahrain 100.19%
17.
Belgium 99.57%
18.
France 99.20%
19.
Spain 95.96%
20.
Jordan 94.83%
21.
Jamaica 94.13%
22.
Belize 92.64%
23.
Angola 90.46%
24.
Brazil 90.36%
25.
Republic of the Congo 90.19%
26.
Antigua and Barbuda 88.35%
27.
Canada 88.01%
28.
Egypt 86.93%
29.
United Kingdom 85.67%
30.
Aruba 83.57%
Just as contrast, out of 184 countries on
the list, here’s the five least indebted countries.
1.
Russia 13.79%
2.
Botswana 12.78%
3.
Estonia 7.61%
4.
Afghanistan 6.88%
5.
Brunei 2.63%
Cryptocurrencies
are a way the people are saying:
“I’m mad as
hell and I’m not going to take it anymore.”
The goal of decentralized
cryptocurrencies and the new digital currencies.
As a decentralized network grows the
network itself begins to determine how the network grows and what it does based
upon the agreed-upon goal, the purpose or intention, and the adopted policy,
and procedures aligned to the accomplishment of the goal and purpose. This
makes it extremely important that the goal and purpose of the network is
clearly defined and transparent to all.
This applies to crypto and digital
currencies as well.
The biggest tool of suppression in a
controlled society is intentional obscuration. By making definitions and
context obscure, altering them or otherwise making them hard to understand they
give the appearance of transparency while hiding the true message, true meaning
or intent. Economics is such an area.
Economics should be kept as simple as
possible so that the everyday uses are easy to understand and use. It has been
said: “If you can’t explain it to a six-year-old, you don’t understand it
yourself.” Albert Einstein
Whether the quote is always true or not,
the point is that:
Economics is
simple so long as it’s based upon an ethical purpose and the parties involved,
and the medium of exchange can be trusted.
So,
the basis of how good or strong a currency is must first be based first upon
its purpose, because purpose always monitors form, and secondly on how it
handles or eliminates the problems that stand in the way of the purpose being
realized.
The purpose of a currency.
I
believe that the purpose of having a currency is simply to enhance free trade.
I
believe that trade is simultaneously;
(a) the glue that binds peoples and
nations together, and
(b) the lubricant that smooths out the
frictions born out of the differences between them.
Where free trade prospers, wars
cease.
Free
trade acknowledges and rewards true value. It’s independent and outside of
beliefs or political ideologies. I therefore hold that the basic purpose of a
true currency is simply, and only, its ability to quickly, safely and easily
facilitate free trade anywhere in the world.
The
only alternative currency I have found that fulfills all the necessary
functions is called CloudCoin©. CloudCoin is not a cryptocurrency,
it is a cloud based digital currency. Here’s a summary of the ways it handles
or eliminates the problems encountered.
1. Users must be able remain
completely anonymous. Not pseudo anonymous as with Bitcoin. In this regard
CloudCoins are like paper money. Naturally, you would keep your own records,
and have accounts with businesses, and handle your responsibilities, but
anonymity is your decision and there is no ledger tracking your business or who
you transact with.
2. It cannot be manipulated.
Governments and banks publicize horrible things to manipulate people into
agreeing to give up their freedom. They use emotionally charged things like
drugs, child pornography, sex trafficking, terrorism and others as a
justification, or a reason, for you to give up your anonymity, your freedom and
the control of your finances. These “we
have to protect you” justifications all seem reasonable to well-intentioned
people, but when you look behind the curtain to see who is pulling the strings,
you can see that they are being used by unscrupulous powers to justify their
efforts to take control of your finances. Restricting
your freedom and taking away your rights is not the correct solution to handle
these problems.
3. It must be free of limits
and controls. With CloudCoin your money or wealth is not limited to, or
controlled by one economic system. It’s not restricted by borders. With
CloudCoin you could think of your money as invisible, international and
indestructible.
4. Because the file sizes are
very small, they require very little storage and transmit quickly. On the
server level, there is no need for large, expensive and energy consuming
storage.
5. On a personal level,
CloudCoin wallets are under 5 MB and download in a few minutes compared with a
huge Bitcoin wallet that may take days to download.
6. CloudCoin transaction
speeds are blazingly fast, with authentications measured in milliseconds, way
faster than any cryptocurrency and even faster than Visa. Speed is not just
nice, it’s essential.
7. Utility value: In a
practical sense, a currency is only as valuable as it makes trade safer and
easier. With CloudCoin it only takes a few seconds for a retail merchant, who
has people waiting in line at a checkout counter, to check authenticity, and be
paid, compared with Bitcoin which can take ten minutes or more.
8. Transaction costs are
pennies, making small purchases like a cup of coffee viable, compared with
Bitcoin that minimally costs about $1.70
9. CloudCoin wallets are free
and can be downloaded by anyone. Their simple, user-friendly interface is like
an online checking account makes them easy to use.
10. Easy transmission. You can
send a CloudCoin to anyone on earth who has a computer, smartphone or tablet,
and an internet connection in seconds. This makes Peer-to-Peer transactions
super-fast, free and confidential.
11. Since CloudCoins use
simple integers, like paper money, (1s, 5, 25, 50, 100s, etc.) the values are
easy to understand by anyone. You don’t need to deal with complicated
fractions.
12. CloudCoins are limited.
Only a fixed amount has been minted and no more will ever be added. This
eliminates the possibility of inflation. Your money will not lose value like
happens because some government or financial entity decides to create more to
manipulate the economy. If the value of CloudCoin gets unwieldly or impractical
splits can occur which maintain ease of use without causing inflation.
13. CloudCoins cannot be taken
from your account by anyone.
14. The money in you CloudCoin
account is not visible. CloudCoin cannot be hacked by super computers or even
by the new quantum computers that can crack a blockchain in a couple of
minutes.
15. Your account cannot be
frozen. No one can get to your account to do it.
16. Free from counterfeiting. CloudCoins
cannot be copied or double spent. This is because with each transaction the
authentication code is automatically changed and the ownership is transferred
to the receiver.
17. Free from loss. CloudCoins
cannot be permanently lost. Procedures are in place that can immediately find
lost coins, but if you make copies of the serial numbers this is another way
that they can also be recovered immediately. If for some reason the coins are
lost without having copies of the serial numbers, there still exists a way that
lost coins can be recovered after five years. This is big news as many millions
of Bitcoins have been lost forever. CloudCoin is the first digital currency that
can be found if lost.
18. Must be scalable. Unlike
Bitcoin, the CloudCoin RAIDA system is completely scalable. Because of its
small file sizes, very small electrical requirements, and the small size of the
computers necessary, the system can be expanded indefinitely while remaining
financially viable and ecologically friendly. Because its efficiency increases
as it gets larger, it has the capability of serving a global economy.
Summary
As
we move into a decentralized economy items of value such as real estate, stocks
and bonds, precious metals and other verifiable items of value will be
tokenized.
Image via
theconversation.com (CC)
Tokenization
will eliminate barriers between nations and make worldwide investment and trade
faster and simpler.
A
house which assays at $1,000,000 may be broken down into 1,000,000 tradable
tokens which can be sold, traded or exchanged in whole or part on decentralized
exchanges. An ounce of gold valued about $1,600 could be broken down and
tokenized into 1,600 tokens which can be sold, traded or exchanged in whole or
part on decentralized exchanges.
Any
other item of certifiable or agreed upon value can then be traded. Then one
could trade some real estate tokens or gold tokens for Bitcoins, other
cryptocurrencies, fiat money, or anything else of value. This is akin to going
back to the barter system, but with a medium of exchange that does what it was
always hoped that money could do.
For
this to occur a safe token will be necessary. One that fulfills are the
requirements listed about for a currency.
I
believe that tokens based upon the technology of CloudCoins fulfills the needs.
I
invite you to learn more about the future of decentralization and the
possibilities that exist.
P.S. This document is distributed freely
under creative commons licensing. Feel free to forward it to whomever you wish.
© 2020 Christopher Davis ALL RIGHTS
RESERVED
This COPYRIGHTED work is licensed under a
Creative Commons Attribution-ShareAlike 4.0 International License. It is provided free for use under creative
commons licensing and may be used by others so long as the authors by line is
included.
#decentralization, #centralization,
#cryptocurrencies. #IOT, #IOV, #Bitcoin, #Economics, #Tokenization, #Central
Banks, #Economics, #CloudCoins, #Christopher Davis. #Debt to GDP, #Chaos
Theory,
Glossary
Fractals: All fractals show a degree of what's called self-similarity. This
means that as you look closer and closer into the details of a fractal, you can
see a replica of the whole. A fern is a classic example. Look at the entire
frond. See the branches coming out from the main stem? Each of those branches
looks similar to the entire frond. A fractal has repeating patterns. They are
self-similar to the original, just at a smaller scale. Snowflakes are another
example.
Each section of this particular snowflake is a
repeat of the others. Most things in nature are made up of fractal patterns.
Look at a cabbage, a cauliflower, a bunch of grapes, the waving fields of
wheat, and the structure of trees. They’re all around us in nature.
