Orgasmic Economics
The Latest Iteration of thinking on the Nature and Behaviour of the Self-funding network of the VRENAR project.
We note with interest the developments on HTC’s Blockchain Phone.
This phone, amongst other things has various mechanisms to recognise and authenticate it’s user, including a capability to use facial recognition algorithms.
Those same mechanisms can be easily adapted to further discriminate and monitor the moods of the user, whether they are happy, sad etc.
The camera of the phone can be used in the same way as any networked camera to determine the user’s gaze focus, via eye-tracking algorithms.
Thus some information is available on the extent of the users feelings on a particular subject that might be being read, discussed, or expressed via the phone’s various modes of communication.
The phone further appears capable of carrying out some basic modes of cryptographic proofs-of-work, such as used to “Mint” crypto-currency tokens.
The Ethereum platform is an example of a distributed ledger environment capable of supporting a virtually unlimited population of user defined tokens.
Why not a token type per user?
Per the VRENAR design to date, users are assigned a community designed personal “White box” Ai. This personal Ai will be designed to interpret the user’s human information, using a set of rules deemed to be fair for application to any user.
By new thinking along the lines of a token type per user, authenticated tokens uniquely encoded with the user’s information could be automatically produced under the control of the user’s personal Ai, to be added into the “Topics”, or projects that the user’s information has contributed to. Thus each topic comprises a collection of tokens which are effectively all labelled as belonging to the correct contributors of the information.
The job of the main distributed network Ai, working in conjunction with the population of personal Aii then becomes one of simply rewarding each user with community currency tokens at a rate proportional to the user’s tokenised contributions in each topic, with the overall community rate being set by the external market value of the community token.
Where the value of most topics or projects will increase over time, the system value of the tokens contributed into each project will correspondingly increase, thus increasing the quantity of community tokens rewarded to the contributors of the personal information tokens comprising each project.
The system cannot be “Scammed” by users contributing useless information to a project, as (a) that useless information would be evaluated as not good for the project by the collective, thus the user would be fined for supplying that information, and (b) information serving to reduce the value of a project would result in less income for all.
The net effect on a user’s income continuously contributing to a successful project by this scenario is one of seeing their income from that project increasing gradually at first, then exponentially, climaxing upon the successful conclusion of the project.
We should expect this to a greater or lesser extent across all successful projects, depending on the project complexity and perceived value.
Note we still also remain within the overall VRENAR constraint that the system operates entirely with no concept of profit.
As always, all comments welcome!
