Topic: [ANN] Fermat: Decentralized, Blockchain­ Enabled, Modular Mobile App Framework - page 2. (Read 2747 times)

TL;DR can someone summarize this pls

All the posts were deleted? 

Nonetheless, and as I said before; good luck with this project. looks promising.

when will the wallet be released?

any giveaways?

I've been working for 2 years now quietly on this project. When I learnt about bitcoin in 2013 there was already to many people saying they would do this or that, but few of them really executed. I didn't want to be part of the noise, so I took one year to study the industry, and a second year to refine an architect a system that in my view, could expand the usage of crypto currency globally.

Bitcoin is a disruptive technology, technically beautiful, but far from the real life John Doe. So how could someone know what is needed for every person to use this technology? After all more than a billion dollars of VC has been invested so far and no-one solved the puzzle. That reminds me of a long lasting difficult puzzle: the Fermat last theorem, that took centuries to be proved and forced the expansion of mathematics to do so.

I took a radical different approach from everyone else: instead of making some incremental change to the technology available, or adding a layer on top of it, I envisioned a future where bitcoin and other similar technologies are already mass adopted, and digged into that future to see what people were using and how. And to know how to get there I reversed engineered that path into present time.

Exactly as in Fermat theorem, a lot of pieces where missing. That explains in my view why no-one could solve the puzzle yet. By now, we almost have one year spent on coding these missing parts of the puzzle, but they are a lot so we are not done yet.

In that future I saw people using mobile devices. All people were connected with p2p mobile apps that evaded third parties. A global p2p network interconnect them all. These p2p mobile apps were independent of the present-time web. Although some of them consumed some services from there, they lived in a new space formed by all smart-phones interconnected to each other. These app were clients and servers to each other through that p2p network. All information was kept at their mobile devices, spying was something from the past.

Regarding value, people held most of their digital value at their own devices. Their devices were connected to an array of crypto currency networks and legacy currency networks as well. These people were able to choose not matter where they live or where they were born, what currency to use. Loosing a device was not a problem since it was synchronized with all other devices of the same owner, no matter what operating system they were running. That allowed them to hold any amount of value by themselves.

By that time a whole ecosystem of mobile apps had grown to take advantage of that array of monetary options. And by using this new communication p2p network most present-time services had evolved into p2p services: people were able to choose then between the legacy eBay, Uber, Airbnb, etc., or the new p2p versions of each of them, cheaper. Some new companies grew to offer services beyond the matching of buyers and sellers, like insurance, background checks, escrow, etc.

I also saw that these p2p apps where not regular mobile apps. They were built in a smarter way: with reusable open source components and their authors received a stream of monthly micro-payments over a block-chain to maintain them. End users didn't notice that since everything was automated. That was one of the enablers for such a diversity of people to use these technologies: because by recombining components different apps were created for different audiences around the globe easily.

We are not in that future yet but a small crowd of people is already building it.

If you believe getting there makes sense, good, join us a help make this happen.
If you believe we are missing some part of the puzzle, good, tell us what we are missing and we'll fix the plan.

I invite you to read our white paper and give us feedback. Countless hours have been invested on it so far. Part of what you will read there is already implemented and in alpha testing. The blockchain and token chapter is not there yet and it's definitions are still on time to be changed if needed. Your review is very welcomed.

White Paper:
 
https://drive.google.com/file/d/0Bzq6JfsbkKrAUFAwWUNyNS12ekU/view

Web Site:

http://www.fermat.org/

Abstract:

Our businesses, purchasing power, savings and personal data have become a playground for hackers, tech giants, marketers, bankers, politicians and other self-interested third parties to pilfer, mine, exploit and otherwise abuse at our expense.

Bitcoin promised a better world. Fermat seeks to deliver it. Through a widely adopted decentralized app framework that incentivizes collaborative development, shared ownership and hyper-customization of modular software, the Project aims to earn widespread mainstream adoption and unshackle free markets, by removing middlemen from their current levels of influence.

Fermat’s central premise is that there is a path to software development that is smarter, better and more efficient than the status quo. The Fermat framework allows anyone from anywhere to collaborate and mutually profit from shared ownership of modular applications: it enables an open-ended stream of micropayments to authors of reusable software components that can be perpetually combined and recombined to create an ever-expanding library of useful, highly-customizable, peer-to-peer commercial applications (apps).

This geo-localized, blockchain-enabled system is built to be user-controlled, censorship-resistant, flexible and scalable – a platform for person-to-person exchange of goods, service, assets and data, free from the whims, risks, costs and interference of unwanted, self-interested third parties who are no longer needed to facilitate the exchange.