Post
Topic
Re: [ANN] [ETC] Ethereum Classic: Immutable Smart Contracts
by
Mouyou
on 16/08/2016, 15:51:36 UTC
I think the most important think is the open public blockchain this public ledger which makes everyting which is owned by the public transparent, so everyone can trust each other or don't have to trust each other anymore because they only have to have trust in the blockchain (DAO) Then people can start working together to solve problemes of the public. The nice thing is that because everyone can then contribute to the DAO by explaining their individuell tansions (problemes) and find people who have similar tansions to solve them together more quick. The blockchain has made the creation of money open for everyone. In a DAO the money of the DAO is the representation of the value of the DAO and the votingpower. Every time you buy something you vote. If you buy tokens for a DAO you vote for the DAO. It would be good if everyone tries to buy things which solves their tensions. What are tensions? Tensions a relative but people can have similar tensions. It is possible to solve tensions. There are lots of different tensions the only task is to solve proplemes as efficient as possible. Erveryone should focuse on those tensions which he or she has and find other people who have similare tansions to solve them. it is like a game. This DAO (kind of crowdfunding, social media plattform)  has different rules, like every game, which says for example, that every Solution for the tension has to be good for the enviroment and the people  or shouldn't harm the people and the enviroment. The purpose of this plattform is to connect people and support them with money, infrastructure, contacts etc.. Because this plattform is owned by those who solve proplemes which are good for the people and enviroment, because those people will get DAOtokens from other people to solve their common tensions (for example cleaning the beach, electric cars, education etc.) So the money (ownership of the DAO) will always go to those people who help the people and enviroment. The DAO Tokens have a fix ammount and a negative interest. The negative interest is there so people don't hold lage ammounts of money. People invest their money so they don't lose money. The money should be always in circulation. The higher the negative interest the higher the circulation speed of the money within the system. There hast to be a good balance between the negative interest rate for example 5% per year, similar to www.freico.in
"Freicoin introduces the concept of a small holding fee, called demurrage, to virtual currencies. Currency owners automatically pay this fee. This promotes currency circulation and encourages sustainable investments. This fee, 5% per year, re-enters the economy through miners who use a large portion of it to pay for operating costs."