In the first post of this series, we identified the 5 components of a financial system and suggested that Zertify, Gamidox, and Exoquant would serve to simulate their functions in a parallel economy before taking over completely.
In order to accomplish this, we need to start with an accounting system hack. Fortunately, standard accounting practices are quite robust with double entry balancing of assets and liabilities. Luckily, the problems only arise with the definition of what is an asset and what is a liability. That is a relatively easy jailbreak.
The Price Is Wrong
The problem is that we “price” assets from low to high, from bad to good, and from loser to winner, etc., with little regard for proximity, environment, community, or time, etc. The financial system needs to artificially create losers in order to price the winners. This is fairly obvious for tangible assets like cars, tomatoes, and real estate, but not so much for so-called intangible assets like people. This is hugely inefficient on so many levels and therefore vulnerable to attack.
The collaborative advantage
Zertify classifies human knowledge assets on a scale of 1-6 beginning with “teacher” and ending with “student”. Students and teachers do not compete with each other and therefore intermediate levels represent various degrees of collaboration, not competition. The teacher bias represents supply of knowledge and student bias represents the demand for knowledge, this establishes a trade vector in our proto economy.
Technically, the 6 segments represent 6 standard deviations on a normal distribution. This allow for communities to organize around their diversity rather than recoil among their similarity. This arrangement also allows the for the usage of an important body of predictive mathematics.
This simple hack is important because it is benign to the current economy and will not trigger an antigen. Corporations, governments, and communities already seek to match the right knowledge asset to the right demand asset for knowledge – this is actually improved under the new accounting system.
Therefore, the hack is true to the math because it provides the existing financial system with an equivalent predictive asset while eliminating irrelevant bias and costly competition.
The Resume Must Die
The objective would then be to move away from the resume system and establishing a community knowledge inventory system under a commons based ontology. Everyone would have their individual API which they own, manage, control and transact. A person’s CV would be expressed as a string of code that is anonymous until the point of transaction. A tremendous amount of data will be derived from Zertify which will feed into the next hack called The Value Game.