💰token engineering.md

TODO lecture at edge city residency

@mastercyb

abstract

• in this document
• i propose blueprint mechanisms and token model
• for solving major root problems of legacy societies
• related: governance

token model

• mint: basic income defined by community. 0.01% on the start
• burn: payments for services and infrastructure
• lock: residency staking + decision making
• pay: small community defined tax on every transfer. 0.1% on the start
• supply deam eq

tldr

mechanisms

• complex taxation
  • 1% from transfers
  • burn on service use
• staking mechanism for residentship
  • mechanism propose self regulation of density
  • overpopulation of certain areas is likely the biggest problem of our society
  • leads to inability of inhabitants to produce enough energy and food to sustain themselves
  • results in majority of problems including crime, poverty and modern types of slavery
  • residentship is granted for staking amount of tokens defined by community
  • amount is defined by community demand for density
  • the more demand for more dense residentship, the higher price of residentship
• capital driven basic income
  • inflation flow to staking residents
  • this approach tackles issues of community insurance
  • remove necessity to inefficient forms of "free" basic income
  • guaranteed capital based income for all residents sets a flow on quality of life in different life situations
• public good infrastructure owned by community
  • governmental capitalism
  • public goods such as roads, water system, data system and others
  • must be result of collective ownership, investments and management
  • all community services are paid in a token
  • token is burned on usage
• automated slashing driven by sensor network
  • soil, sound, light, water and air pollution can be measured by sensor network
  • community define rules of slashing for pollution and misbehavour
  • sensor network slash stake of residents based on this measures and feedback from residents
  • approach remove necessity for enforcement system for the majority of cases
• advanced decision making
  • is crucial for sustainability and growth
  • crowd investments is the key for efficient public good infrustructure
  • privacy of voting is vital for truthful decisions
  • quadratic voting scheme is needed for balancing outcomes
  • conviction voting approach is a good opportunity for in time decision optimization
  • yuma type of redistribution demonstrate amazing outcomes
  • its important that community iterate and constantly improve decision making