Topic: building a Central Bank of the Internet (or World wide Web) (Read 228 times)

Dude. You are talking about "the internet" like it is some omnibenevolent being. It is not. Have you heared about "internet hate machine"? If you didnt - google it. Swarm of individuals is neither good nor bad and it doesnt care about your desires for all good things. It's just a hivemind. From an individual perspective some parts of it are good. Some parts of it are straightforward atrocious.


Blockchain already takes away power from banks and governments. It is a technology that allows to do many similar things with no people involved in a decision making, therefore making entire enterprise more efficient and less flawed.

Note that most of blockchain does not produce anything of value. It just provides better transactional costs for resource distribution. The end result is that bitcoin and altcoins gain value. This happens at the cost of fiat currencies loosing value.

Continiue this trend for couple of decades - and here we are. Fiat currencies worth nothing. Banks and govermnents loose control. Now blockchains are the new governments.

the blockchain especially the bitcoin blockchain will embarass itself with its energywasting,

a central bank of the internet, has indeed legitimacy, and its regulated token can be earned.

people simply trust into someone what obeys rules (even if he has sets them himself and published them)

simple understandable rules would already do it.

and the ecb website is easy to imitate

the joke would be also if we simulate an internet parliament like a forum and then justify ourself using that forum for ourpolicies...

nevertheless it would further destroy those idiots (central bankers) reputation and further weaken their position centralising the entire economy onthemselves and a small superrich elite that they have created arround them


regards

Banks hire people who have skills to support bank infrastructure.

Those people are altruistic/not greedy/tolerant only to the extent where hiring them wont hurt bank reputation.

Same with blockchain. The network doesnt care how good person are you. It cares only about hashpower you can offer to the system.

thats easy actually, banks currently do that by enlisting/hireing basically that part of the population that is the most gender neutral, least greedy least competitive. the part of the population that is genderoriented thinking basically burns themselves in difficult competition and perfectionism.

there has to be controll when money is beeing issued to finance liquidity through multiple instances, if all have been checked money is beeing created out of thin air just like the central bankers do it.

with that money things then are beeing funded, like streets schools etc.

as i said legitimazy and dependence is whats driving a central bank and the value of its fiat currency

the system is further more exploitproof through fear and need to cooperate.

someone abusing the bank will be hunted down using the police wherever he is, so members cant be anonymous.
secondly members know that they have to keep the systems clean and watch out for its security and contensity.

regards

jes

the success driving factors are


1. legitimacy (such a bank is necessary)
2. cooperation
3. absorption and standardisation ( we have to absorb that diverse system of internet and cryptography based value carriers into a standardised easy understandable system. i mean seriously whats your alternative competition and burning each other for some smaller funds?

sooner or later we will have an immitation of the central bank in europe or world bank in the internet that is decentrally operated and run by people distributed all over the world,

this is for strategic reasons much better than current systems, and therefore has a very high legitimacy, additionaly we can simply copy cat them, i mean their public approach their public communication via media channels.

if you then have legitimacy to have that special fiat currency and greed is beeing kept regulated and in line that bank can be build and you know bank jobs are well paid and look at countries like nigeria 70% joblessness, because there is no financial system that structures the population sustainably (WITH A LEGITIMATE BASIS)

regards

Define "altruistic behavior".

Invent some kind of "altruistic behaviour" detector.

Plug in those into some sort of ethereum based IOT platform.

Find a way to convince sufficent number people to donate their funds to this platform. And not just once but with sufficient regularity.

Code this platform to reward people for their altruistic behavior.

Find a way to make this system exploit-proof.

??

BRAVE NEW WORLD!!!11!!!!!11!!!!1!

It can be made. Actually, there are several projects with the same leaning. As a matter of fact, a project whose ICO is either ongoing or has just been concluded, called Change is quite similar to the idea you are bringing up. They envisioned a decentralized cryptocurrencies bank. So I guess this is basically a banking system although online because it is using crypto. And they made it decentralized to cater to the purpose of the first crypto itself which is bitcoin.

central banking is not about sharing, its about having the legitimazy of making money out of thin air (that is why they are using instruments like licensings, legitimacy, and regulations including oaths), this is what ICOs and current token dont have that compete with each other,

bitcoin and ethereum have at least a little bit legitimacy


a central bank of the internet has definately legitimacy, a lot actually. for many strategic reasons.´

and it would lead to a better fruitition than all those countless projects currently in creation.

if that russian boys was able to found the eurasian central bank immitating the russian central bank,

why cant we found the central bank of the internet immitating the world bank the federal reserve and the european central bank, maybe also the chinese central bank

regards

they cant actually fight us if we found a bank of the internet for the worlds cooperate sector. because they also founded their central banks out of thin air and started giving dog tags to working people while also centering the economy on themselves.

they invented problems and started rewarding people with dog tags (euros, dollars) that helped solving them.


thats how centrla banking AND ruling works, they also gave dog tags to run and upkeep parliamental discussions.

the true rulers are the central bankers not the parliaments.

regards

Nope we are moving away from this. Centralizing public facilities always lead to abuses. Such Centralization was the reason Bitcoin and some Cryptocurrency were created.

But if you insist you can convince like minded folks to go create one like Satoshi did. If it turns out to be a success more will join you.

Current societal model of sharing  failed policies with people who never believed in them should be avoided

very interesting, maybe banks or governments will build an alternative to blockchain technology as it is a big threat to them

no you were licensed by the world bank you are something like a rulled doggy of them,

its not about exchanging cryptocurrencies, its about creating a cryptocurrency that is beeing used to reward and shape economic behavior systematically for altruistic common success worldwide.

that is what gives the world bank or the european central bank its kapital and their power. not the way they high quality print their euro bills its that the people belive that they reward positive economic behavior

why cant we come together and do the same via a bank that is for strategic reasons not local anywhere centrally but beeing completely decentral through an internet community.

we dont have to be globally active we can just take care of the northern hemisphere japan to kanada, and fund and reward economic behavior just there.

you know this russian boy that founded the eurasian central bank? thats exactly what central banking is its similar like giving dogs their rewards....(i know this sounds stupid but there is something on it)

regards

Well a project that is decentralised and accepts all crypto currencies and fiat currencies and works as ultimate exchange already exists.
Oh, it is also an automated platform for making new ICO's.
It just got license from World Bank to work with SWIFT. Tomorrow morning I will be doing press release about that.
It's Orderbook - https://www.orderbook.io/#/

encription technology be it blockchain or something else doesnt really matter you can always update your encription system by simply do a 1:1 exchange.

the point is that you simply dont get any financial power if everybody is competing against each other. currencies are beeing made by rulers, that are publicly trusted.

what we need is a project that absorbs all other project into a huge big one. another important point is people must belive that the central banks reserves are theirs (similar like the feds gold reserves)

and that this central bank upkeeps the economic strucutre all over the world, and therefore creates money out of thin air.

money is make believe no one will accept someone creating money out of thin air if he has no legitimacy

lets just come together become huge and great actors and publicly imitate the european central bank or the federal reserve in tha usa with a new centralised and regulated currency.

as i said a central bank in the internet is for strategic reasons logical and WILL sooner or later exist, the qustion is who creates it and who has to apply and beg for a license of it.

with the trust and the kapital that we have then we can finance our ICOs ourself because we have legitimacy to decide on the financing of projects, just like the current national banks do.

the current problem is that people are to obsessed with building their own private companies and own private businesses. better would be to build a huge new public business.

regards

There are other alternative projects which promise new tecnhology better than blockchain. They are waiting for patient details to release full information about project. Better to check coin news sites in order to get limited information

no cryptocurrency refers to the certification system which is based by cryptology, all currencies also chinese russian even the us dollar can be based on cryptology

decentralized is a wide spread meaning word, currently it refers to a form of freedom from the overregulated licensing system that a human beeing has to basically study 50 years to understand to ever be able to found a bank

it can be also understood as a bunch of zombies greedy to sell me wortless coins for money i earned hard selling my time.


a central bank of the internet, would be also like a governmental institution you would have to develop and support economy and schools with loans and money.

but there cannot be any competition. there is a reason why in banking gay(or jewish) people dominate so much. strict cooperation and unity would be necessary to represent the trust necessary to get the people take that currency serious.

everybody can participate but there will have to be 2 things regulated, first is the diversity of the economy and second the issuence system so it doesnt get abused.

i am sure sooner or later someone will build such a bank, it is strategically logical to exist on an urban planet,

we would have to create a website similar like the ecb and also give out loans to serious businesses so they can be founded to shape the economy

either we do that, or we will endlessly compete each other with different diverse token and will know know what each token is worth.


we would have to drop all the diverse coin project and build a standardised and regulated central bank instead. that claims to be altruistic and regulated publicly.

such a token would be accepted much more then an out of thin air created colored coins, energywasting mining competition and so on.

 regards

Cryptocurrencies are designed to be decentralized, why think about central bank, it is opposite from the main idea of cryptocurency. Cryptocurrencies are money based on the market supply and demand. It is more natural and trusted than banks regulation. Bank will regulate policies that profit to banks themselves.

hy folks i have a question, why do we constantly fight each other for fiat communal currencies.

why dont we just create an official central bank in the internet, i think this is a good idea since there are many good strategic reasons for it. (distributed and secure) and communal currencies are so overregulated by the parliament that there are almost no new banks being founded these days. (only closings) furthermore the bank simply dont tend to execute long term strategic thinking, that is why the current communal banking system goes to the dogs. so why not build a central bank around cryptographic currencies and then similar like the euro standardise the currencies into recognizable token. plus a regulation for the financial issuance

of course this creates lots of limitation as a central bank you have to take care that workforce population gets enough access to economic consumption capacities and dont go into symbabwe style abuse.

this central bank would have a standardised currency an official licensing system regulations and so just like current national or regional central banks have.

we could create this standardised internet cryptotoken before someone else does that.

droping all those ICOs and build a regulated central bank is a great idea, do that before someone else does that, and bans everything else.


but we would have to basically adapt or imitate the realisation of the founding of the european central bank, with its unification standardisation.
be careful economic caretaking will be necessary but that can be outsorced to established husks.


sooner or later a global distributed group of people will create a central bank for cryptocurrencies and their founders will all get easy licenses.

if you need an example we would have to replace look at www.ecb.europa.eu

we could call it "the central bank of the internet"

and as i said there are many good reasons why the earth should have a central bank distributed globally through an internet community. ( be it security from alien attacks or nuclear wars, to accesibility as replacement of the disfunctional communal banking system, that gets more and more unpresent and via internet)
giving loans and so on

regards