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MemoryCoin / MemoryCoin for LifeCoin
« on: January 08, 2014, 08:16:09 pm »
You can either trade from A to B, or you can add / distribute value by trading from A through C to B in a cooperative trade agreement which brings more value into the overall system. You don't go straight from sink to source...you distribute the trade network. I think the point of MMC is to have us go out and find ideas for C and grow the MMC economy.
One possible future trade network:
A person/organization can set-up their own virtual "closed" community within MMC. You could record/store the details in DTC as necessary, including a private key. Only allows and accepts transactions to/from addresses connected to other specific MMC addresses. The world can audit and verify the two separate blockchains to the necessary degree. All other MMC users can go off and do what they wish, and may not even know this community exists.
It can choose to only trade with certain "exchanges". An exchange is simply an ongoing trade agreement. These exchanges can agree to only accept certain coins. Any customer registration / regulations / AML / etc can be handled by exchanges and pools. This is a "smaller" set of exchanges and pools, maybe with additional requirements, than what we are used to...but they are intended for a specific purpose.
A coin could be created with exchanges to buy/sell excess power generation from renewable installations throughout the world above baseload levels (peak-shaving) - call this Powercoin.
Another coin could be created for local community exchanges. Mining equipment used instead primarily for heating applications could be designed, built, and donated. Either individual space heaters, or custom enclosures with multiple CPUs / GPUs and a blower connected to a home's central air ducts. Community miners would agree to accept an on/off signal from the pool and/or could exchange for the previous coin - call this Lifecoin.
The local community exchanges sell these coins on the open-market. These local community exchanges can also arrange agreements so that local members can use them to pay for services provided by the community's parent jurisdiction, for example...EBT or healthcare.gov vouchers?
BTC Oyate project and Sean's Outpost both look like good candidates to fit into such a model. They could both accept MMC donations from users, and then trade real-world services and goods with each other. E.g., donations meant for BTC Oyate are provided to Sean's Outpost, and vice-versa. Processing / set-up / configuration of any donated equipment and/or a work-training program.
Coin development means creating and training apprentice teams of distributed web developers, pool operators, and financial traders, which could be done and supported by MemoryCoin Officers. Apprentices accumulate community trust by doing so, which is recorded in the blockchain.
Essentially a global distributed smart-grid. Renewable electricity on one side of the globe is essentially bought and traded to the other side of the globe to local communities. Used to get free heat and wealth to the impoverished from renewables, instead of used to shut off AC to prevent brown-outs. The intangible value to each member of the trade route allows sufficient margin to offset the final costs.
Connected to the global cryptocurrency system at the top by the "closed" / "responsible organization" within the MMC community, then through other trusted MMC users out into the rest of the MMC / crypto world, along with any KYC / etc requirements at the local level.
It could potentially fit well into existing concepts of credit unions, cooperative labor unions, nonprofit organizations, and voluntary markets.
The system would be self-regulated, transparent, and self-enforced by the MMC community. Traders / exchanges / pools / miners / markets / etc would result in whatever prices necessary. Any community could reproduce such a concept, adding market pressure. Social pressure would be expected to force government organizations to accept and/or offer discounts and/or fees to the exchanges. The intangible environmental benefits would probably add sufficient premiums in themselves The bulk of self-disclosure is handled at the community level, with appropriate controls traceable and verifiable along the way.
MMC becomes a coin factory. Creates jobs, spurs capital investment, cures the recession, and changes the world along the way.
Post comments / thoughts below. If it sounds possible, take the message outside.
One possible future trade network:
A person/organization can set-up their own virtual "closed" community within MMC. You could record/store the details in DTC as necessary, including a private key. Only allows and accepts transactions to/from addresses connected to other specific MMC addresses. The world can audit and verify the two separate blockchains to the necessary degree. All other MMC users can go off and do what they wish, and may not even know this community exists.
It can choose to only trade with certain "exchanges". An exchange is simply an ongoing trade agreement. These exchanges can agree to only accept certain coins. Any customer registration / regulations / AML / etc can be handled by exchanges and pools. This is a "smaller" set of exchanges and pools, maybe with additional requirements, than what we are used to...but they are intended for a specific purpose.
A coin could be created with exchanges to buy/sell excess power generation from renewable installations throughout the world above baseload levels (peak-shaving) - call this Powercoin.
Another coin could be created for local community exchanges. Mining equipment used instead primarily for heating applications could be designed, built, and donated. Either individual space heaters, or custom enclosures with multiple CPUs / GPUs and a blower connected to a home's central air ducts. Community miners would agree to accept an on/off signal from the pool and/or could exchange for the previous coin - call this Lifecoin.
The local community exchanges sell these coins on the open-market. These local community exchanges can also arrange agreements so that local members can use them to pay for services provided by the community's parent jurisdiction, for example...EBT or healthcare.gov vouchers?
BTC Oyate project and Sean's Outpost both look like good candidates to fit into such a model. They could both accept MMC donations from users, and then trade real-world services and goods with each other. E.g., donations meant for BTC Oyate are provided to Sean's Outpost, and vice-versa. Processing / set-up / configuration of any donated equipment and/or a work-training program.
Coin development means creating and training apprentice teams of distributed web developers, pool operators, and financial traders, which could be done and supported by MemoryCoin Officers. Apprentices accumulate community trust by doing so, which is recorded in the blockchain.
Essentially a global distributed smart-grid. Renewable electricity on one side of the globe is essentially bought and traded to the other side of the globe to local communities. Used to get free heat and wealth to the impoverished from renewables, instead of used to shut off AC to prevent brown-outs. The intangible value to each member of the trade route allows sufficient margin to offset the final costs.
Connected to the global cryptocurrency system at the top by the "closed" / "responsible organization" within the MMC community, then through other trusted MMC users out into the rest of the MMC / crypto world, along with any KYC / etc requirements at the local level.
It could potentially fit well into existing concepts of credit unions, cooperative labor unions, nonprofit organizations, and voluntary markets.
The system would be self-regulated, transparent, and self-enforced by the MMC community. Traders / exchanges / pools / miners / markets / etc would result in whatever prices necessary. Any community could reproduce such a concept, adding market pressure. Social pressure would be expected to force government organizations to accept and/or offer discounts and/or fees to the exchanges. The intangible environmental benefits would probably add sufficient premiums in themselves The bulk of self-disclosure is handled at the community level, with appropriate controls traceable and verifiable along the way.
MMC becomes a coin factory. Creates jobs, spurs capital investment, cures the recession, and changes the world along the way.
Post comments / thoughts below. If it sounds possible, take the message outside.
