Nothing 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The difference between Gen and the dollar is that the dollar no longer represents human productivity.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.