Fueling the future

November 24, 2018

The following is a slightly revised copy of a recent email message to the HotFutures group @ Google+ ~ M

Paul et al, in recent dialogs we discussed options for expediting community empowerment, restoration and cultural evolution, globally. I was referred to MACs, the Credit Commons, Localpay, etc. and, after reviewing them, I am encouraged yet inspired to offer the following:

At the Commons P2P Foundation wiki, following quotes of Tom Greco’s wonderful content, Jamie Brown-Hansen offers this, “Community credit, however, is currently a global landscape of local credit facilities. This is not yet a global credit facility. It is easy to offer community credit within a local network of trust. It is much harder to offer community credit for something you’d like to order from China. So the interconnection of these facilities is the next piece in the puzzle that can make this a viable alternative to bank credit as a global medium of exchange, and that’s what we’re focused on today.”

Now, as much as I appreciate Greco and his analysis and the efforts of the folks who pioneered and sustain the existing exchanges, the main reason that the Credit Commons remains unlaunched and existing exchanges are not serving the majority of daily transactions of humanity and commerce is that they did not go far enough or deep enough.

By that I mean that revealing and restoring the actual meaning of credit and its relation to the reality of money is insufficient. The meaning, principle and valid use of credit depend on the principle and understanding of value. Without explicit articulation and acknowledgement of the actual principle and realities of value, a generally useful, popularly implemented alternative to plutonomy is impossible. The history of banking, money, crypto-currency  and corruption prove that fact.

“Designed to be a universal blockchain platform for diverse industries adaptation, HetaChain is a DPoS + BFT hybrid network focused on addressing the blockchain scalability problem, so as to enable cross-industry scale transactions. The project strives to provide solutions to help tech services break down the adoption wall between them and the public:

  • Bridge Protocol – through this protocol, data is still securely enclosed while the Private chain communicates with Main chain to update abstracted transaction details to the public ledger.
  • Dapp Store – plug-and-play Dapps, software, smart contracts, etc. pre-built by the community and third parties for the ecosystem.
  • Offchain Database – designed for large data storage, HetaChain’s Main chain connects with third-party data centers to provide enterprises with big data analysis for efficient project development.
  • Auto generating Dapp – the platform allows anyone with little programming knowledge to create simple smart contracts by just dragging, dropping, and adjusting.

“HetaChain uses blockchain’s decentralized and encrypted properties as a way to store, save, and optimize resources. It acts as hub for connecting companies with modern data technologies and in-depth insights that helps to significantly shorten decision-making time.”

Notice that nowhere does that promo mention a biocentric definition of wealth or success or economics or anything about value, ethics, corruption, manipulation of markets, global sea level rise caused by increasing use of blockchain and conventional crypto-coins. Thus, we can critique the above promo to deconstruct and understand the true nature & scope of the problem.
1) The “scalability” and “adoption wall” problems exist because blockchain and the crypto-currencies do not resolve the underlying, anti-ethical Piracy Paradigm problem.
2) The so-called “bridge protocol” does nothing to eliminate the intrinsic lack of trust seeming to require infinitely more time+energy intensive storage & computing processes.
3) The envisioned DAPP store & PnP DAPPS for smart contracts, etc., support no alternative to status quo socioeconomic norms, habits & patterns of consumption, production & waste.
4) Due to issues listed in 1 to 3 above, the proposed “off chain database” and HetaChain’s main chain connection with conventional big data mining complexes promises only more efficient plutonomy, not cyber-utopia.
5)  The notion that the HetaChain “platform allows anyone with little programming knowledge to create simple smart contracts” easily ignores the fact that that developers with little or no ethics and little or no programming expertise caused all the glitches, insecurity and inefficiencies of the global network infrastucture plaguing us now. It also ignores the current availability of AI-assisted system development and coding expertise that far exceeds the abilities of any human team lacking a leading-edge AI support system.
6) Assuming that a conventional blockchain/crypto-currency & exchange system without ethical AI-enhanced system management will help to “shorten decision making time” requires ignoring the fact that most decisions involving cultural interaction or exchange require much more consideration of qualitative, ethical & esthetic issues than merely quantitative factors.

Hence, the purpose, mission and prime directive of the Global Community Development Alliance (GCDA) integrates the functionalities necessary for dealing with the whole-system issues and challenges. That makes it uniquely suited to fostering and supporting adoption and regular use of all existing currencies and exchanges. The GCDA also enables fulfilment of all the requisites of global cooperation and cultural interaction acknowledged by Greco, and much more.

Again, without creating a system based on a valid, biocentric standard of value, that supports ongoing realization of the nature of value and the reality of cultural credit, there can be no sustainable alternative to plutonomy, no real solution worth sustaining.

FYI: See my new draft of Winners Take All? or Class-war vs. Humanity at my new blog page: Axiology: MetaMoney & Ethics

Best of Fortune, etc. ~ M

NOTE: The video reminders linked below miss the fundamental importance of cultural wisdom, value, ethics, direct agency and decentralized issuance of cultural credit (not monetary cyber-currency) as the simple basics of cultural commonwealth and sustainable affluence: > Social credit: https://www.youtube.com/watch?v=NHG92nQesbE&feature=youtu.be&fbclid=IwAR1BJoKQcogq9uLEh-An4d7rCiClYXgZLlXDRlB113uvgqZKRTnMuNFSdWA > The website:  http://www.socred.org/