This is the final post of the Financial System Hack Series. Contrary to conventional wisdom, the currency is the last hack, not the first. Only after Zertify, Gamidox and Exoquant are established would it be possible to introduce a currency that could compete, if not hedge the dollar.
With Zertify we can estimate the probability that a collection of knowledge assets will be able to execute a business plan some time in the future.
With Gamidox, The Value Game is played where several communities interact around a shared asset such as a condominium, airplane, school, hospital, road, car, or any “product” that has socially redeeming value.
These interactions are measured such that we can assign “value” to the game with the Exoquant algorithm.
So taken together:
If we can predict the probability that the interactions carried out by communities of people (relative to a product) will have a known value in the future, we can represent it as a “cash flow” with a known volatility (risk). Now, combining many interactions carried out by many communities around many products with known volatilities, we can pool the predicted cash flows into one large diversified cash flow. Next, we can cut the large flow into “bonds”, which we can extrapolate to net present value and to fund the community activities. This very similar to the way that corporation form and raise money – except without the corporation. While banks continue to issue Debt Bonds, communities will issue Innovation Bonds in parallel
Here is the hack:
In the old days everyone carried gold around with them to engage in trade. Since gold was heavy, bankers let people keep the gold in their vaults and they wrote little chits that represented the gold. After a while, people just traded the chits and it was no longer necessary to convert back to gold with each transaction. Eventually, the gold standard was eliminated altogether and people just traded the paper that now represents their future productivity (debt), not necessarily gold.
The currency of abundance
Likewise, after a while it would no longer be necessary to convert the community currency into dollars. As the dollar slowly starts losing it’s value under the weight of the debt load people will just trade community currencies. All of these values are made visible and validated from Zertify, Gamidox, and Exoquant data.
The antigen will not be triggered because this is exactly the same way that corporations interact with banks to capitalizes and securitizes dollar debt, the difference is that we are capitalizing and securitizing community innovation by measuring data, information, knowledge, innovation, and wisdom. A currency of abundance can then replace the currency of scarcity.
Nothing Changes and everything changes
Corporations and government can continue activities to the degree that they produce socially redeeming value by simply purchasing innovation bonds from the people with their dollars – if they’ll accept them.