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Economic Solutions Pt. 2

Vijayee Kulkaa edited this page Apr 4, 2016 · 15 revisions

##TLDR; People are connected It then becomes apparent that human beings do not need governments but fair and voluntary commercial relationships that are reflective and protective of their values. With a model established for currency, their must be a system that implements it and provide the tools to describe all forms of commercial relationships. Prometheus aims at implementing such a system. A basic system of human commercial expression upon which all commercial relationships can be described and implemented. These relationships then exist in a discreetly interpreted, secure, and decentralized context that is separate from human interpretation beyond the agreed upon terms of its human parties. This removes the conflict of interest we have in the interpretation and execution of commercial relationships that technology could easily solve if it were employed to do so. Affectionately, the implementation in software of such concepts are known as smart contracts.

##Social Currency Network... To describe the connection of individual human issuers of currency to each other and the commercial relationships they establish between themselves to distribute goods and service, we have coined the term Social Currency Network. It is literally implemented as a series of p2p protocols that provide commerce as a service but conceptually it is a model of human interaction. The things people do for and to each other have profound effect on their world. The economic models thus far do not effectively communicate these effects nor are they an effective means of manipulating these interactions for their collective or individual benefit.

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