To accelerate our transition to a trustworthy financial system by helping people and business benefit from understanding and adopting cryptocurrencies early, safely and wisely.
have a trustworthy financial system that is:
There are many good reasons to decentralise our financial system, but perhaps the most important two are:
A) to provide financial (crytpbanking) inclusion to the remaining 4bn people in developing countries and connect them into the shared global economy
B) to stop governments print (debase, inflate) money supply at will.
Add B) This would mean that if governments wanted to fund new especially controversial spending programs (e.g. bail out of banks, going to war or a single-payer healthcare system) then they would need to:
1) first explain these proposals in depth and transparency to their citizens
2) and then ask them for funding in a direct democratic vote.
Governing political parties, not even dictators would be able to get around it because in a trustworthy financial system money is:
a) in a finite supply (e.g. there's only 21,000,000 bitcoins)
b) or it's inflation is in a full control by it's stakeholders (by a democratic vote at any time)
Therefore, governments won't be able to ask central banks to print them more money in exchange for government bonds, instead this funding would have to come through some form of immediate taxation people immediately feel and thus can better asses for what it's worth.
As a result:
a) we will all be better off because of choosing to fund only programs we believe are the most important to our society as a whole
b) we avoid future economy systemic crises (at the moment paid for by unconsulted taxpayers from the future - mostly our children)
To illustrate the point, on the day of writing this page, according to Global Debt Monitor by Institute of International Finance (ITF) global debt rose by over $8 trillion in Q1 2018 to over $247 trillion (318% of GDP).
This is unsustainable situation leading us to a crisis of unseen size and impact which no politician or a central bank seem to have a good solution to - apart of printing more and more money (debt) every day...
It's a downward spiral that doesn't end well.
Which is why we need to accelerate our transition to the new decentralised and trustworthy financial system.
WorknbDAO - Decentralised autonomous organisation (in making) connected and governed by culture, values and principles. A DAO company that once fully realized can take on any (number of) project(s), shape or form if the pure majority of it's stakeholders decides to do so.
(updated: 3rd Aug 2018)
Decentralisation of finance, markets and governance are likely the three most important things of the 21st century we'll have the chance to work on. Everything else goes from here.
Seek and tell the truth and nothing but the truth.
Be so good at something that no one can ignore you.
Delivery relentlessly in a fluid form of execution and flow.
Be accessible, inviting and genuinely helpful. Worknb together.
Lead when you know how, follow when you don't.
Team up! Collaborating specialists win over solo generalists.
Let the best ideas openly win - not the hierarchy.
All work and debate is for nothing unless you progress daily.
There's no progress without radical truth and transparency.
We work and live by: