Is there any brief description of this concept? This one and half hour presentation is so complex that it's very easy to lose track of the basic points of the Divident Money system, as it just keeps getting compared in too many independent contexts. As I'm projecting my expectations, it just seems like the popular Universal Basic Income concept, which would be fueled by printing the required money into circulation (which seems reasonable to me), but I'm mostly puzzled by the Public Ledger implementation. If we assume it's going to get built as a modern IT enterprise application with the government owning large servers with databases, then I'm instantly skeptical, as it's very hard to build a "stable" application like that. Legacy systems often have many upsides when it comes to stability, and we barely made an alternative in the form of cryptocurrencies with a blockchain, which are completely unreasonable for a large scale operation (we either get into astronomical blockchain sizes on disk, we trim history which can bring its own risks, or we lose the ability to tweak parameters on-the-go, and we can't affort to put it down for maintenance - plus it can potentially get risky against DDoS and there are various motivations to attack the blockchain, like double-spending, which can be performed even at the ISP level by partitioning users...). Even though I'm this pessimistic, I still believe it can be done, but we need a proper analysis and design, and I can't get convinced by a single presentation, which is in my opinion quite inefficient in objectively describing the most important points. Maybe someone could refine it? :)
Indeed an interesting idea and in my view far better than the current system. I will mention it in my book "Upgrading Democracy" that will come out start of December 2019. One mention: this system has to be decentralized. Otherwise a central entity can simply cut you off from the system. This would enable monetary totalitarianism. No good idea at all. BTW: 13 entities are not enough, better think in thousands. Have you ever talked to the guys from holochain.org/ and metacurrency.org/about these ideas? They think along these lines and are in the process of creating the tech basis for it. A really interesting truly decentralized agent-centric system.
Is there any brief description of this concept? This one and half hour presentation is so complex that it's very easy to lose track of the basic points of the Divident Money system, as it just keeps getting compared in too many independent contexts. As I'm projecting my expectations, it just seems like the popular Universal Basic Income concept, which would be fueled by printing the required money into circulation (which seems reasonable to me), but I'm mostly puzzled by the Public Ledger implementation. If we assume it's going to get built as a modern IT enterprise application with the government owning large servers with databases, then I'm instantly skeptical, as it's very hard to build a "stable" application like that. Legacy systems often have many upsides when it comes to stability, and we barely made an alternative in the form of cryptocurrencies with a blockchain, which are completely unreasonable for a large scale operation (we either get into astronomical blockchain sizes on disk, we trim history which can bring its own risks, or we lose the ability to tweak parameters on-the-go, and we can't affort to put it down for maintenance - plus it can potentially get risky against DDoS and there are various motivations to attack the blockchain, like double-spending, which can be performed even at the ISP level by partitioning users...). Even though I'm this pessimistic, I still believe it can be done, but we need a proper analysis and design, and I can't get convinced by a single presentation, which is in my opinion quite inefficient in objectively describing the most important points. Maybe someone could refine it? :)
One Objection: 30:35 Money is not debt --- debt is used as money. That came into use with the leveling up from barter/money-economy to credit-economy
Brilliant work! Keep it up!
Minimum necessary radicalism!
Simple lipstick on the pig...a monetary system based on infinite growth on a finite planet is unsustainable.
So you're basically a neo-Nazi?
Indeed an interesting idea and in my view far better than the current system. I will mention it in my book "Upgrading Democracy" that will come out start of December 2019.
One mention: this system has to be decentralized. Otherwise a central entity can simply cut you off from the system. This would enable monetary totalitarianism. No good idea at all. BTW: 13 entities are not enough, better think in thousands.
Have you ever talked to the guys from holochain.org/ and metacurrency.org/about these ideas? They think along these lines and are in the process of creating the tech basis for it. A really interesting truly decentralized agent-centric system.