Bitcoin forum digital goods

What is this GeoFlux currency that I propose and why should anyone care? To answer the first question as briefly as possible: GeoFlux is a conceptual global and universal cryptocurrency that is generated in a distributed way via basic incomes and reputation incomes. The answer to the second question is: In that case, I urge you to tell me why you disagree.

Anyway, to judge GeoFlux, you need to understand the idea. For that purpose, I need to go a bit on a bitcoin forum digital goods, but afterwards everything should make much more sense. Perhaps the key insight to understand GeoFlux is that non-destructive copying is not the same as stealing.

Whenever people copy and redistribute digital goods like music, movies, books, and software, they are not stealing, because the creator of those goods still has the original. Instead, we need to figure out how to deal with the new bitcoin forum digital goods we are finding us in, the situation that we can copy and redistribute certain goods at virtually zero cost.

And we could have solved bitcoin forum digital goods problem already, if people had actually started thinking earlier about the near zero cost copying situation that has existed for decades. DRM is a bad solution created as reaction to a blessing bitcoin forum digital goods was perceived as problem bitcoin forum digital goods some.

The blessing is that we are technologically able to copy digital goods at virtual zero cost. Why would anyone see that as problem? But what if it turns out that selling is simply the wrong way to think about digital goods?

Why not give digital goods away for bitcoin forum digital goods How will the creators of those goods be compensated for the work of creating those goods in the first place? There are actually a couple of different potential answer that can make bitcoin forum digital goods lot of sense:. All of these options are legitimate ways of being able to create digital goods without having to sell them. If those models were the only ones that were applied to create digital goods, all digital goods would be available for free.

I call that situation digital abundance. At first glance, it seems reasonable to think that bitcoin forum digital goods digital goods is a good idea, because their creation still costs something.

We have become accustomed to think of trading regular goods and services as being normal, so it might seem natural to transfer that way of thinking to digital goods. By making digital goods artificially scarce through DRM and anti-copying laws, they seemingly get pushed back into the regular market system. Now why exactly is that a real problem? What kinds of inefficiencies am I talking about?

To sum it up: We forfeit having a superior digital economy in which the quality of digital goods was much better, while nobody would have to pay for them directly.

Even if the total cost for creating all digital goods in a digital abundance economy was the same as in our current economy, the problem of the mediocre quality of our current digital goods would still remain.

This is not an obvious bitcoin forum digital goods problem, but it is a serious economic problem nevertheless! This leads us to a startling conclusion: A digital goods market economy is inferior to a digital abundance economy. When thinking about how a digital abundance economy could be created, we should start with some reasonable basic principles:.

The second principle open up the question of how the value of digital goods should be measured. So, we need to think about something else. There have been many proposals to measure the value of digital goods in accordance to their consumption or bitcoin forum digital goods.

That would of course require measuring that use properly, which is a non-trivial problem. Would that approach require to create bitcoin forum digital goods national bitcoin forum digital goods institution for each type of digital good?

And how should their budgets be determined? Fortunately, things become easier when we measure the value of digital goods in accordance to their appreciation by consumers.

Value is subjective after all, so why not let the consumers decide directly? That is what happens with donation-based approaches. Consumers reward the producers directly via donations, according to their own preferences.

However, there is a peculiarity about this kind of bitcoin forum digital goods digital goods economy: The monetary reward for a digital good is not only roughly proportional to its appreciation, but also to the disposable income of the donor! Those who possess little disposable income are effectively excluded from active participation in a donation-based digital goods economy, while the rich have a disproportionate influence on it. So, if we want a system in which reward for digital goods is only proportional to their appreciation, we need to think about something else.

If reward was directly proportional to reputation alone, then we would have a reputation based economy. How could such an economy work? In that science fiction bitcoin forum digital goods there is a reputation score called Whuffie. Those who have a lot of Whuffie can afford almost everything, while those who have little Whuffie can only afford the bare necessities.

While Whuffie seems to represent public reputation pretty bitcoin forum digital goods, it less clear how Whuffie fits into economic transactions. This issue became apparent to when when I tried bitcoin forum digital goods a science fiction story on my own. It took me quite a while to figure out bitcoin forum digital goods important principle: Reputation does not get used up by economic transactions. Instead, reputation points are unaffected by that. Reputation is primarily the reflection of how people perceive your skills, and not so much what kind of stuff you buy.

So, how do you get your groceries in a reputation based economy? People should use money to buy physical stuff. It makes a lot of sense, because physical stuff is scarce, while digital goods are not. But how do reputation and money relate to one another? Being able to do that would devalue the meaning of reputation. Instead, reputation should be the source of money.

Reputation should generate reputation incomeswhich are proportional to the positive reputation of a person. That is the core idea behind the GeoFlux currency. GeoFlux is a cryptocurrency connected to a universal, global Quantified Prestige network.

Now, the basic idea is that GeoFlux is generated by Prestige: The more Prestige you have, the more GeoFlux you get per year. As its name suggests, GeoFlux is a flux currency:. The mathematics that make GeoFlux work are described in the Quantified Prestige documentation, in which a currency called Fluido is described Fluido was the initial name for what I now refer to as flux currencies.

It is important to note that GeoFlux has two systems that limit inflation of that bitcoin forum digital goods. First of all, the rules of QP enforce the constraint that the average user cannot get more than 12 GeoFlux as reputation income per year. Secondly, above a certain threshold, GeoFlux get removed from the system by continuous devaluation.

This conditional demurrage mechanism creates a limit to the number of GeoFlux than the average person can possess without exchanging GeoFlux with other entities assuming the default values for the GeoFlux system that limit lies at GeoFlux. GeoFlux has an integrated basic income.

The two ways that GeoFlux are generated are basic incomes and reputation incomes. With the default values, everyone would get 12 GeoFlux per year as basic bitcoin forum digital goods, and a variable number of GeoFlux as reputation income with the average user not getting more than 12 GeoFlux per year as reputation income.

Why should people get such a high universal basic income in GeoFlux? Since too much inequality is a really bad thing, there needs to be a mechanism that reduces inequality.

And a high basic income is a very simple and very effective mechanism that does just that. The fact that GeoFlux is global should help bitcoin forum digital goods reduce global inequality pretty rapidly. Thus, it would contribute to eliminate hunger, and absolute poverty. It would also support developing nations to get up to speed faster, so that they can contribute to the global economy more effectively. Creators of digital goods would bitcoin forum digital goods Prestige for creating them and giving them away for free.

This Prestige would translate into an income in GeoFlux. There is no need to ask bitcoin forum digital goods donations or bitcoin forum digital goods. Giving away digital goods for free suffices to generate an income, if those goods are actually appreciated by consumers.

Also, the basic income portion of GeoFlux enables everyone to become an effective producer of digital goods. But how would GeoFlux actually obtain its value?

GeoFlux shares the property of being a global cryptocurrency with bitcoin. If GeoFlux was less attractive than bitcoin as cryptocurrency, it would be a failure.

So, why exactly should people prefer to buy into GeoFlux rather than bitcoin? The basic idea is that GeoFlux enables a more social and overall better performing economy. So, an investment into GeoFlux is an investment into a better future. As such, transparently buying GeoFlux would be seen as socially beneficial act, and grant a lot of positive reputation to the investors. I call those who invest publicly into GeoFlux for such reputation-motivated reasons sponsors.

Investing as sponsor bears a double advantage: Firstly, you probably get some Prestige for investing into the GeoFlux economy, especially at the early stages. And secondly, until the value of GeoFlux stabilizes, the likely increase of the value of GeoFlux will mean that the initially purchased amount of GeoFlux will soon multiply in value.

Reduced fuel emissions from more efficient cars, using mobile data to track malaria and even farming that remains one step ahead bitcoin forum digital goods climate change. The digital economy is already having a massive impact on society, and there is more to come, says Victoria A. Why is a focus on the digital economy and society important?

How will affect people in their daily lives? Bitcoin forum digital goods digital economy permeates all aspects of society, including the way people interact, the economic landscape, the skills needed to get a good job, and even political decision-making. Our emerging digital economy has the potential to generate new scientific research and breakthroughs, fueling job opportunities, economic growth, and improving how people live their lives.

These changes are happening all around us. In Kenya, mobile data is being used to identify malaria infection patterns and identify hotspots that guide government eradication efforts.

Vehicle sensor data from delivery trucks, combined from mapping data analytics, has enabled companies to save millions of gallons of fuel and reduce emissions by the equivalent of taking thousands of cars off the road for a year.

Farmers from Iowa to India are using data from seeds, satellites, and sensors to make better decisions about what to grow and how to adapt to changing climates. What key trends will we be seeing in the digital economy? Which issues are most crucial to address? The ways in which people connect with others, with information, and with the world is being transformed through a combination of technologies. These technologies will help us solve increasingly sophisticated bitcoin forum digital goods, while big data will assist us in complex decision-making.

The sharing economy is a model in which people and organizations connect online to share goods and services. It is also known as collaborative consumption or peer-to-peer exchange. Two of the best-known examples of the sharing economy bitcoin forum digital goods Uber transportation and Airbnb housing. It replaces the need for third-party institutions to provide trust for financial, contract, and voting activities.

Bitcoin and other digital currencies are some of the most well-known examples of applications of blockchain technology. What is the council focusing on to tackle the issues of the digital economy? What else needs to be done? But other potential gains are only now coming into view. By making government more flexible and nimble, we can increase government efficiency, improve government programmes, and encourage a more empowered and engaged citizenry.

This council will have the opportunity to shape this notion of agile governance as bitcoin forum digital goods as to examine the impact that the digital economy will have on our jobs, our incomes, and our lives in general.

As people continue to share, collaborate, and bitcoin forum digital goods online, these issues will continue to intensify. The bitcoin forum digital goods will function quite differently 15 years from now, and likely even sooner. Everyone will feel the impact of these individual, organizational, governmental, and societal adjustments.

As humans, we understand our world and experiences using just five senses. Soon, connected devices around the planet will sense a whole range of features about the world to bitcoin forum digital goods us better understand and improve the world around us.

Our ability to leverage this wealth of data will determine how much we can accomplish in the years ahead. We also face the challenge of ensuring that everyone can access the benefits of our digital society. The views expressed in this article are those of the author alone and not the World Economic Forum. We are using cookies to give you the best experience on our site.

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