- Patrick Paquette
- Ottawa, On.
This conversation is closed.
Direct Democracy implementation built using a new monetary system
Why is it with the technology we have today, we do not have an abundance of the necessities of life for everybody? It's the imbalance of wealth created by our monetary system.
What if you could live off of working only a few days, a day, or even a few hours a week? What if, instead of voting for an individual to make decisions for you, the things you do every day shape the world you want to live in? I'm hoping The Registry would do this, and I'm trying to find reasons as to why it wouldn't.
1. Back the definition of a dollar to time as the universal common commodity
2. Make it so that an individual cannot charge more than the amount of time it took to bring a utility into existence. By charging more, you're essentially stating your time is worth more than someone else.
3. Provide incentive and deterrents into society to bring it closer to where society wants to be. They are:
3.1 Provide a high abundance of quality goods and services for everyone
3.2 Deter people from using scarce resources from doing it
4. To provide incentive, introduce imbalance in all transactions so that the amount paid to the vendor does not have to equal the cost. The formula would be:
4.1 Cost = DT/S, Paid = DTRQ/S where D= demand, S = supply, R=Scarce resource factor, Q = quality factor
4.2 D & S are derived directly from the people in society by stating something that they want that isn't readily available, and by publishing what they offer. R is voted on by society to deem resources as scarce. Q is derived by individuals liking a transaction
5. Allow each member of the system to have a negative balance, interest free, up to a prescribed limit defined by society. Loans and interest don't exist.
6. Be able to publish and vote on a list of infrastructure projects. All the extra 'time money' everyone has from everything becoming so cheap gets allocated towards these projects, the cost decreasing by popularity.
Read more here:
Closing Statement from Patrick Paquette
Thank you all for your comments. I hope i've answered some of your questions about the problems you've seen with the registry, and as far as i can see, there's no show stoppers and the rest is left to finish the game to gather some simulated data
I've updated the wiki a bit since i've posted this, if you care to take a gander.