Your local Cryptocurrency

avatar
(Edited)

encointer.org

Variante_3-scaled.jpeg
Source

Introduction

Recently a friend of mine sent me a link to an event introducing a local cryptocurrency in Zurich on the 3rd of May.

I had this feeling in my gut that this one was going to be different. I went to visit their website and got convinced quite quickly as they knew what they were talking about.

Firstly it totally encompasses the ideology of a cryptocurrency DAO and understands the concept of great token economics, being promethean in it's implementation.

Secondly it really spoke to me in terms of socio economics.

I was specially moved by the approach the project is taking towards growing organically and it's physical application in the real world. We all know how evidently these use cases will speak for themselves once they are simply exercised and viewed in action.

The Project

encointer_kusama_commongood_withbg.png

Source

As a parachain built on Kusama which is an excellent, scalable and interoperable blockchain, this project immediately caught my attention.

Kusama was founded by Dr. Gavin Wood, co-founder and CTO of Ethereum, who is also the inventor of the Solidity programming language. I see grand potential in Kusama for supporting projects that create change in our world, and take back power from large corporations and financial institutions, giving it back to the people and letting the market find it's own prices.

The middle men industry and the redundant business models of the past will give rise to DAO's and communities, empowering people all over the world and have the potential to create the cessation of poverty.

The people I'd expect to benefit the most are the unbanked and citizens of dysfunctional states that suffer from hyperinflation or cash limitations” - Alain Brenzikofer

It quickly became apparent to me that whoever is part of the encointer project knows exactly what they are doing. I am certain that they have profound knowledge and experience when it comes to blockchain technology.

Here's more Information on the project.

Also a little introduction Video by encointer I really enjoyed:

The web3 foundation doesn't just support privacy preserving and fairer undertakings and tokenisation models, but hosts a number of projects with idealistic approaches to DAO and governance.

What i'm describing is a UBI project here.

After meeting the guys behind encointer, I knew they must have unique knowledge on Blockchain, as they knew exactly what I was talking about and vice versa. After I spoke to founder Alain Brenzikofer, I saw that this could potentially be a game changer for any local community, specially in the so-called 3rd world.

first_meetup-scaled.jpeg

Imagine if direct value was exchanged amongstst members of your community of merchants and buyers, facilitating the exchange of products and services in a circular economy? It could be exchanged for value without middle men such as corporations or financial Institutions. The value created amongst individuals in a community would not include the charges that these middle men profit from. It would inhibit their ability to interfere or tamper with the market and control prices allowing for catallaxy and more trust amongst it's members. Now a project like encointer would give much more go back to the community, empower everyone and give that value back to the people. Our old ways will inevitably become démodé and propel us into an age of fairness and abundance. - @yangyanje

The issue is always the same: the government or the market. There is no third solution.
― Ludwig Von Mises

shadow_fw_new .png

Conclusions

I'm a huge fan of just applying blockchain and cryptocurrencies to the real world. Specially Hive and HBD.

Beautiful things happen when one encounters sophisticated souls that believe in liberty and freedom or when one shares the concepts of free market economics with anyone unfamiliar with it. It might overturn most people's entire perspective on what value truly is, because Volkswirtschaft was never tried before blockchain this efficiently. Specially when it comes to to marginal utility in a macro-economic setting. Such movements can grow into global communities starting with you and other participants locally. Whether it's hive or any other decentralised digital asset that can fuel direct or peer to peer exchange, we are the ones who instigate it, motivate others and drive the strive towards freedom. Social trust gives new value in circular economies and has the potential to change the way people think about money. If you are reading this, maybe you can get in touch with encointer and start a local currency in your community now.

The next event will happen in 4 Days and you can sign up on their website to be invited if you live in Zurich.

As a member of a privileged society and western Keynesian economic environment of fiscal politics that at the same time favours such experiments and their trials, I see it as a duty to permit and promote the use of cryptocurrencies and their inception as well as execution for lesser privileged societies as a noble endeavour toward the common good of humanity. In order to further the development and deployment of future free markets through cryptocurrencies, I welcome and embrace such great alternatives.

"If...the atoms of our bodies follow physical laws as immutable as the motion of the planets, why try? What difference can it make how great the effort if our actions are already predetermined by mechanical laws" - Arthur Holly Compton (The Freedom of Man)

Best Wishes
Rane

shadow_fw_new .png

Previous posts on decentralised finance:

shadow_fw_new .png
The opinions stated in this publication points out to a solution that bridges the real world with a decentralised digital asset market. It is still my opinion to aim to create a decentralised, borderless, permissionless, free market beyond the reach of restrictive measures towards their fruition. One that onboards us directly into a free market and a new global economy of value.

shadow_fw_new .png

Disclaimer:
This Content is for informational of entertainment purposes only. You should not construe any such information as legal, investment, financial advice. Nothing contained in this blog constitutes a solicitation, recommendation, endorsement, or as an offer by @yangyanje or any third party service provider to buy or sell any cryptocurrencies, securities or other financial instruments. This goes for this or in in any other jurisdiction in which such solicitation or offers would be unlawful under the securities laws of such jurisdiction or where cryptocurrencies are deemed as securities.


All Content on this blog is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the blog constitutes professional and/or financial advice, nor does any information on the blog constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. @yanyanje is not a fiduciary by virtue of any person’s use of or access to the blog or Content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content on the blog, before making any decisions based on such information or other Content. @yangyanje or any third party service provider cannot be held liable for any possible claim for damages arising from any decision you make based on information or other Content made available to you through this blog.


There are risks associated with investing in cryptocurrencies, as they are highly volatile. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds or cryptocurrencies involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Cryptocurrency involves special risks, including a greater volatility and global, economic and digital asset risks due to it's scarcity and nature of it's value as direct and indirect exchange as well as differences in accounting methods. A cryptocurrency or anyone's past investment performance is not a guarantee or predictor of future investment performance.

shadow_fw_new .png

Screen Shot 20200608 at 00.13.04.png
Vanishing
Dong Chang 东厂
aka Rane

shadow_fw_new .png

"Nourish it, water it, let it grow. It will find it's path like branches that reach for light. It will move into space where nothing has moved before."
- @yangyanje

shadow_fw_new .png

Feel free to tip Wallets for support:


Bitcoin
3Mvofn1VynU168DuYtMsDqnUMSw7nQ8JEQ


Ethereum, XDAI, Polygon, Binance Smart Chain...: 0x0398edefB9d18A6a7c9fe573bdeedB7797283Ae5
Tezos:
tz1iSv5gWfPqUqaGChhfX8Vj3yquj36fad2Y
Cosmos:
cosmos1l66z8kxxgvftw7cprz5dlzvzm4tyefhrvm3w03
Solana:
9AmMfaerhNgsz2maByDUGrPMKYQRVeYQXJvCe9n48Fti
Terra
terra1m7q65zpa8y2zamjxqtnt43tprm36utkckdqf3a
Osmosis
osmo1l66z8kxxgvftw7cprz5dlzvzm4tyefhryqz7er
Kusama
GSFfZ96ofTybmVYNgKWK8hBqjV57i4YZTRWf25sukzq227c

shadow_fw_new .png

hive_banner7.gif

Member of the Swiss Hive Community. Here's the curation project.
Feel free to delegate Hive Power to @badge-107955 to support the Swiss Hive
10 HP20 HP30 HP100 HP250 HP500 HP1000 HP2000 HP5000 HP

Delegate to the Mind Force Gathering @mind.force and support 92 artist, growing by the day. Official launch of @hive-127039 on the 28. March. Secure a top spot for a larger ROD % on curation rewards. First come, First serve.

10 HP20 HP30 HP100 HP250 HP500 HP1000 HP2000 HP5000 HP


Supporter of the Lotus Community

Join the Herbal Hive Community
Admin at the Hive Rocks Community

shadow_fw_new .png

Odysee

Twitter




0
0
0.000
9 comments
avatar

The concept from my point of view is great. As far as I can see real power stays in the hand of the people and this proves just that! I would love to see more of this outlook all around the globe. Akon the musician did it for the city he's building in Africa (it's called Akoin cryptocurrency built on the Stellar blockchain). This just goes to show you that the more we band together the more we can accomplish as human beings. Peace and have a good one!😇😇😇

0
0
0.000
avatar
(Edited)

@contentisking thank you so much for your great comment. I had no idea about akoin, but must have stumbled across him planing that a few months back in an article. I'm a pretty big Stellar sceptic to be honest, as well as one of the IMF and the World Bank that apparently works with Stellar. Ripple is also a part of the intraledger protocol and the iso 20022 standard that will be implemented for CBDC's. I think that is the Nesara Gesara plan? It doesn't invoke much trust if the WEF is talking about Feudalism in the same breath. After all many governments can be in favour of L2 solutions if they are the custodians and pay for keeping payment channels open and citizens don't really own anything self sovereignly, exchanging assets on something like strike. The question of a private key and ownership still arises in the midst of all the hype? I think here an option for a withdrawal to a wallet where you hold a private key transparently would be something i'd appreciate.

0
0
0.000
avatar

Well as far as I'm concerned with CBDC and government controlled digital coins would they really have to integrate it with everyone? But really would an elderly person know anything about cryptography. What I'm really saying is will they force this on it's citizens and how would they enforce this new monetary system. Quiet honestly It's really a topic to be discussed with the highest degree of due diligence. Peace and have a good one

0
0
0.000
avatar

Thank you for your reply. An elderly person wouldn't know much about cryptocurrencies, as much as a younger person knows very little about the end of the Brettonwoods system from 1971-1981, the oil shocks and the SAF. Specially the perennial inflation that caused an erosion of the value of money over time. It's interesting what a scarce decentralised digital asset can do to the US Dollar in a much shorter time, while most people ignore that the USD lost 97.60% of it's buying power relative to bitcoin in just 5 years.

Actually they don't enforce anything. Many people aren't aware of the ID tag labelled on their personhood. I don't even want to begin writing about potential biometrically-linked digital identity. Surely international EDI standards for cross border payment messaging that suddenly pop up when borderless cryptocurrencies already achieved the prospect of leveraging payments across borders? It could have little to do with control mechanisms if such a standard would flow down to financial institutions and then the corporates?(being ironic)After all the question is whether it affect their products which are consumers whi voluntarily to their bidding. Currently, electronic money we are accustomed to will just become digital. You Bank still remains the custodian and very few will ever question CBDC's. Most people don't like to take responsibility over their own private keys. They'd rather trust a third party. If you loose your card, the bank just gives you a new one? Depending on where you live, owning decentralised digital assets might be deemed illegal, their exchange prohibited by law, while other countries will allow for certain grey areas for their use. The topic in discussion is also censorship. As you mentioned it surely deserves a dedicated post on phase 3 after the nixon shock 1971 with a mention of quantitive easing, the credit crunch etc. just babbling on here, but thanks again for commenting buddy.

0
0
0.000
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.

Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.

Read our latest announcement post to get more information.

image.png

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

0
0
0.000
avatar

This looks good. I read website. I downloaded app, but i see its alpha release. Cant add location on map for example, and inly Zurich community so far.
!PGM !PIZZA !LUV

0
0
0.000
avatar

Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.01 MOTA - 0.05 DEC - 15 SBT tokens to @atma.love, @yangyanje

remaining commands 14

BUY AND STAKE THE PGM TO SEND TOKENS!

  • 10 PGMs in STAKE = 0,1 PGM/LVL/ 1 STARBITS / MOTA 0,01 / 0,05 DEC / 2.5 BUDS sent and 1 command available every day
  • 100 PGM in STAKE = 0,1 PGM/LVL/ 1 STARBITS / MOTA 0,01 / 0,05 DEC / 2.5 BUDS sent and 3 commands available every day
  • 500 PGM in STAKE = 0,1 PGM/LVL/ 1 STARBITS / MOTA 0,01 / 0,05 DEC / 2.5 BUDS sent and RECEIVED and 5 commands available every day
  • 1000 PGM in STAKE = 0,1 PGM/LVL/ and 1 STARBITS/ MOTA 0,01 / 0,05 DEC / 2.5 BUDS sent and RECEIVED and 10 commands available every day
  • 5000 PGMs in STAKE = PRIZES DOUBLED

image.png
Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444


0
0
0.000
avatar

trying to test the app as well. im sure they will fix the bugs. i still had to get a version on testflight.

0
0
0.000