Distributed Ledger (The Blockchain)
What we’re planning to do with cash transactions is just one part of the equation. Our primary aim is to create a viable economy out of contributing, deliberating and voting on Proposals. We also contribute income to develop and maintain an independent and private repository for your private transactions in a public world.
Distributed Ledger Technology (DLT), of which blockchain and bitcoin are variants, is a way that we can create highly secure archives of all the information, debates and decision we create across the three constituencies most of us live in.
It is based on the principle that “many hands make light work”, that you will contribute to support a piece of technology (a bitcoin mining machine with a special relationship) attached to the internet that uses data and power in collecting and encoding data into a secure ledger as time stamped events.
You own your private copy of all the information, transactions and agreements you make as an Individual and a copy in the other party’s own ledger. Through the power of many smaller devices coming together we can create a relatively robust network and very secure records that are unable to be edited once committed. The Co-operative will run it’s own independent Ledger within the membership cpu cloud that records ONLY the data you consent to be recorded, in the daily ledger of the Coops transactions.
Every future proposal, act or amendment regarding an existing decision on a matter / Issue is noted as a new transaction with reference to the root document, signed, sealed and delivered to the ledgers of all parties concerned, once decided.
Our aim is to bring the relationship you have with the digital world through your portable devices into one of a secure and personal nature. Your data is as much you as the living cells in your body. It’s important that it remains private, unless you give consent to share. It’s equally important that everything involved in the transaction is able to confirm the identity and proof of life for the humans interacting and authorising the transactions.
Most portable devices are now capable of providing proof of life through various biometric means; face, iris, fingerprint, ECG and a living person attached by those means is difficult to imitate. Combine a personal mobile device with a digital key or seed via a second device, a wearable RFID chip in a ring, as a card, necklace, wristband out of silicon, sub dermal implant - WHATEVER floats your boat, there are a variety of ways to carry around a little device that gets excited by its proximity to your mobile and spits out a secret payload that encodes & decodes your information
Through a private and secure link between your mobile device everything is recorded at the home base machine, then distributed, based on the permission you give for your information. A Facebook post is a public attribution, your decision on a Poll vote or your daily diary entry may be private and should remain that way.
The deal is simple - if you want digital privacy and real political power you need to contribute something, in this case power, cpu, data, storage and hardware and pay some cash, if not, you must pay for the services you enjoy through tax, intrusive marketing, censorship, propaganda and no privacy.
Original description 2017 "Fibre to the Node..."
I’ve long admired the work of the Democracy Earth Foundation and suggest that you read the proposal found here:
While Ethereum is the base for this transactional world we’re also very much interested in Hedera Hashgraph as the baseline technology for DLT across constituency networks. Things that we can research and decide as part of the development of Pollee, a cooperative.
Hashgraph Gossip
