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The Best Digital Currency

by Dan Robles on March 26, 2015

The Best Digital CurrencyNothing Economic happens until two or more people get together to make something useful.  This could be a house, a meal, a friendship, or an education. This has been true since the dawn of civilization and it is true more than ever today. Therefore, the best digital currency must facilitate and “account” for precisely this uniquely human activity – bringing people together in a useful way – not driving them apart. Everything else is a derivative.

The Best Digital Currency

Curiosumé is an analog to digital converter for knowledge assets. Curiosumé will rapidly scale and accelerate the matching and accounting for the best digital currency.  Everything else that would be needed already exists.  The working title of this currency is called Gen.  The asset that underwrites Gen is human productivity.

The difference between Gen and the dollar is that the dollar no longer represents human productivity.  Instead, it represents interest on debt, financial exotica, endless war, political influence, unsustainable consumption, etc.  These things are no longer useful to the majority of people.  As a result a lot of “economics” that should be happening, cannot happen. No current digital currency resolves that problem because they are all still derivatives of the dollar.

Gen is the digital currency of TIP (The Ingenesist Project).  Initially, Gen will act as the unit of account between technologists as they  trade Gen among themselves while collaborating on useful projects. For example, a mechanical designer would exchange Gen with a website developer to render a product to a community. Curiosumé resolves the dual coincidence restraint on traditional barter encounters.

As transactions become more complex, the Gen will begin to represent the generalized technological knowledge stored in infrastructure such as buildings, clean water, schools, and farms. Since these things are useful to a lot of people, those people would gladly accept Gen in exchange for their own useful non-technological services that they provide in a community.  In this way, everyone gets what they need using a currency that represents the utility of what they can produce together.

Economic incentives will be altered:

1. To produce useful things that people need.

2. To build high quality things that last a long time.

3. To preserve useful things for as long as possible,

4. To discard things and ideas that are not useful.

5. There is no incentive to cheat.

Don’t be fooled by crypto-hype, the best digital currency is between your ears and only you can hold the keys to that vault.

Curiosumé is an analog to digital converter for knowledge assets. The rest of the components can be found in technologies that already exist.  Let us know if you think that Curiosumé would be useful and we’ll build it together.

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Bitcoin is Already a Derivative

by Dan Robles on March 23, 2015

derivativeMany a Bitcoin company executive seeks a way to hedge the balance sheet risk of their business.  It would be useful to have a liquid (ostensibly, dollar backed) futures and options exchange market that would provide hedging opportunities for speculators while providing much needed price stability.  It sounds like Bitcoin is already a derivative.

What is a Derivative:

In the most basic definition, a derivative is something whose value is derived from the value of something else. Derivatives have no intrinsic value in and of themselves. Their value is based on the expected future price movements of the underlying asset.

Bitcoin is Already a Derivative

A bitcoin does not have an intrinsic value in and of itself, rather, the value of a Bitcoin is derived from the value of all the glorious things you can do with Bitcoin which cannot be done without Bitcoin.  Indeed this value is significant: bitcoin adoption promises to eliminate the gatekeepers of banking, insurance, law, and even governance.

Hey wait, Aren’t all those gatekeepers derivatives too!!!

Bankers, insurance brokers, lawyers and politicians do not have any intrinsic value in and of themselves either.  They produce nothing intrinsically edible, healing, nor comforting for anyone.  Like Bitcoin, the value of banks and insurance companies and legislators is derived from all the things that you can do with them which cannot be done with out them. These include capitalizing seed or machinery for growing food, or constructing a home or factory for increasing human productivity, or providing a salary to a teacher or doctor (in the conspicuous absence of a currency not of the gatekeeper’s design).

What isn’t a derivative?

The food we eat, the clothes we wear, the building that keep us warm and dry, the machinery that transports us and makes us healthy and the teachers that show us how to do useful things are NOT derivatives.  They have intrinsic value in and of themselves.

What is an Integral?

In mathematics an integral is the a function of which a given function is the derivative.  Creating an integral is the reverse of creating a derivative. That is the direction we should be headed in.

For example, integral of a teacher may be the school building within which everyone gathers.  As such, the value of the teacher can be derived from the change in value of the building that keeps everyone warm and dry during their lessons.  The integral of the food we eat is the machinery that allows the farmer to be more efficient.  In this case, the value of the food (nutritional) is derived from the quality of the farming practiced that created it.

The Opposite of a Derivative is an Integral.

When all is said and done and we’ve followed the integral to its origin, we will always find an Ingenesist. An Ingenesist is someone who invents, creates, designs, envisions, and brings forward into reality something that supports the health, welfare, and safety of people and environment.  Those are the only intrinsic values that truly exist.  Seriously, what else is there?

So when the financial world is contemplating derivatives of derivatives of derivatives of derivatives, we are contemplating the integrals of the integrals of the integrals.  Bitcoin is already a derivative. Ingenesist is already an integral.

Decentralized CRM With Curiosumé

March 6, 2015

(Photo: New York Times) Modern CRM (Customer Relationship Management) emerged from the boiler rooms of corporate sales departments. They needed a way to keep track of contacts, leads, calls, and ping schedules.  Soon they added client information like DOB, Spouses name, neighborhood news, etc.  The customer responded remarkably well, in fact, perhaps too well – […]

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The Future Is Common Knowledge

February 26, 2015

Image Credit Few people recognize the true economic potential of Wikipedia. Obviously, Wikipedia is an important resource for individuals and profit making companies.  It would take Billions of dollars to recreate it from scratch. But the true value of Wikipedia does not end here. Wikipedia is a really huge set of interconnecting nodes – a […]

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Means and Methods of the Curiosumé DApp

January 23, 2015

The Mechanics of the Curiosumé DApp are extremely simple. In fact, perhaps the greatest challenge of building the application will be to truncate the features of Curiosumé to the simplest functional form. Means and Methods of the Curiosumé DApp The only thing that Curiosumé is really supposed to accomplish is convert a résumé, CV, or […]

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An Analog To Digital Converter For Knowledge Assets

January 21, 2015

Curiosumé is an analog to digital converter for knowledge assets. The single most destructive characteristic of the Market Capitalism is the dependence on resources extracted from the Earth to fuel constant economic growth. Natural resources are finite while constant growth model is infinite.  There are several ways to manage this disparity; the first is to […]

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Is Curiosumé is a Bad Investment?

January 15, 2015

Over the years we have identified several features of Curiosumé that every investor wants to change – but these are so fundamental to the operation of Curiosumé that to change them would make the application useless. However, the follow-on applications could be so hugely profitable that we make the claim: “When hundreds of millions of […]

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Decentralized Integration of Complex Systems

December 8, 2014

The recent Panel at The Future of Money and Technology Summit on Fueling the Decentralization Movement ended on a very interesting point: The Integration of Complex Systems. The last comments from Chris Peel suggested that the iPhone program was more complex than Apollo and that we are a far way off from the ability to […]

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Fueling The Decentralization Movement

December 5, 2014

I recently moderated a panel at The Future of Money and Technology Summit in San Francisco on December 2, 2014.  When I put this panel together, my intention was to make the distinction more intuitive between an economy based in tangible assets and an economy based in intangible assets.   Whether they realized it or […]

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Future Of Money Part 2

November 27, 2014

In 1801, Eli Whitney went before the US Congress with 10 working muskets. He proceeded to disassemble each of them, mix and scramble all the parts, then reassemble 10 muskets – all of them worked.  Prior to that day, most things were custom made by craftsmen using hand tools. Then, in a flash of geological […]

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