Search results

  1. J

    Budget Proposal - Proof of Labour

    Thank u dude, I'll check it, so we can talk about it.
  2. J

    Budget Proposal - Proof of Labour

    First time I hear about it, sound interesting.
  3. J

    Budget Proposal - Proof of Labour

    That is why you have to be promoted your contract. You must give the comunity the ownership of the contract. If you fail, or get away there must be some collaterals. The most easy way is to execute your credits (trough an electroral pool created to that end) in favor of the community. So you get...
  4. J

    Budget Proposal - Proof of Labour

    You get the credit by the reputation or by compromising on a flow scrip contract. NO INVESTMENT NEEDED... The community CREATE THAT MONEY!!!! Money is the outcome of an agreement. So, you don't create individually an arbitrary amount, but an amount established depending on an agreement which in...
  5. J

    Budget Proposal - Proof of Labour

    Dude, I'll do my best... take a look of my answer for TanteStefana I think is a good start point. Then just ask me as if you were 5. Please, please... take your time!!! (We've been working on this project by 2 years, and is the first time we plublic it)
  6. J

    Budget Proposal - Proof of Labour

    Ok, The system we propose works, more or less this way: 1°.- let's suppose you're a baker. The product of your labor/business is bread. 2°.- You know that in your community your bread would be well received. So you announce an offer to deliver, say 10 Kg of your delicius bread weekly, for one...
  7. J

    Budget Proposal - Proof of Labour

    Ok, let's see... #2 Flow Money (https://en.wikipedia.org/wiki/Stock_and_flow) Your wage is a form of flow money. Is an income which appears once per month. 12 times per year. GDP is a form of flow money. Is how much a country produces each year. Coins or deposits, are Stock Money. Stock are...
  8. J

    Budget Proposal - Proof of Labour

    Hello #1 It is a proposal. Is up to the masternodes in what dash will become. (The essence of decentralized systems is that there are no dictators). #2 Couterparty or Mastercoin do not create flow money, as the proposed flow scrip contract will. #3 As far as I know (May be wrong) there isn't...
  9. J

    Budget Proposal - Proof of Labour

    Thread in DashTalk Wehave just created a new budget proposal called " Proof of Labour " At: https://www.dashwhale.org/p/Proof_of_Labour We propose here some alternative ways for money creation in a systen with interrelated solutions, based in a kind of smart contract we called "Flow Scrip"...
  10. J

    Pre-Proposal Discussion: Dash to Fiat Payment Processor

    How usefull would be here a smart contract!
  11. J

    No mining needed?

    Proof of Service is a powerful concept.
Back
Top