Version 5
White Paper: Holobank – Decentralized Banking System for an Alternative Global Society using Holochain
Summary: Holobank will be a Decentralized Global Banking System for an Alternative New Earth Global Society that runs on Holochain and allows its Members to Create money on-demand in the form of a currency called “Holocoin” that will allow the Members to experience life in a Free Access Gift Economy while enabling them to transact business with the Old World Free Market Legacy Systems. The value of Holocoin will be set at the all-time high of one grain of gold per Holocoin making it the most stable of all stable-coins. The value of Holocoin will be backed by “Love” which is defined as “Human Time and Energy in Service to Others.” There will be no limitation of how many Holocoins can be created because Love is an unlimited resource. Holocoins will be exchangeable with all other currencies by integrating with existing decentralized exchanges and payment processors or creating our own.
- Introduction & Overview
Paradigm Shift
The world is evolving. The entire planet, as a living, conscious being is evolving. Along with that, humanity must evolve, and is evolving. Along with that, our political, social and economic systems must also evolve. There is no room for our outdated systems of centralized control and monetary systems to co-exist with the New Earth.
We are at the end of a 2,160 year cycle called the Age of Pisces which marks the end of an even greater 25,920 year cycle called the Precession of the Equinox, which also marks the end of 4.5 Million year cycle within a 450 million year cycle within a 4.5 billion year cycle – all coming to one grand end leading into a whole new grand beginning of an entirely new evolution in consciousness for this planet.
The frequency of the planetary electromagnetic field is rising. You can feel it, you can hear it, you can see it in everything that’s been happening for the last few years, if not decades. The old systems cannot function in the New Earth, they are not a harmonic match for the new frequencies we are entering into. We need new systems that help to catapult our evolution into this New Earth.
What we have going on right now with the new Quantum Financial System that is beginning to take root in the world with Ripple XRP and Stellar XLM and Gold Backed Tokens, and so on and so fourth is not, I repeat, NOT an evolution, but a revolution. A revolution means to revolve, which means to come full circle, which means to go back to the beginning. There is no functional difference between Gold backed Tokens and Gold backed paper. They are different versions of the same thing.
As long as our monetary system is basing its value upon something that is limited, like Gold or other precious metals, there will be scarcity. As long as there is scarcity, there will be slavery. As long as there is slavery, there will be no New Earth, for limitation, scarcity and slavery are not in harmonic resonance with the New Earth.
To enter into the New Earth, we need a paradigm shift in economic and political thinking. We need a new form of money that is backed by something that is limitless so we can evolve beyond scarcity and slavery into freedom and abundance.
History + Problem 01
Pick up any book on economics and you’ll hear the same old story we were all taught in grade school. A story about how the earliest people used Barter to trade goods and services, and that this type of system eventually led to many problems, so money was invented to create a standardized store of value to resolve all those problems. There’s just one issue with this story.
It isn’t true.
Graeber is one such Archeologist who sought to find these earliest of people who used Barter. He couldn’t find them. In fact, what he did find was that not only, in all cases of the earliest of communities and civilizations outside of small indigenous tribes, did they invent money before barter, but money always came hand in hand with war, violence and slavery. In ALL cases.
The very first version of money can be traced back to the Sumerian Empire who were the first, as far as we can tell, to have invented the concept of money. According to Michael Tellinger’s book, “Slave Species of god,” the Sumerian Priests invented money in reaction to a slave uprising in the first ever recorded human rights movement.
This very first form of money existed as Clay Tablet Bills of Exchange, not much different from today’s paper note Fiat Currency or tomorrow’s Digital Tokens. Money was invented to give the slaves the illusion of freedom in that it enabled them to buy and own whatever they wanted in exchange for their labor. Of course, the trick was that they were never paid enough to ever be able to stop working.
Worse than that, the very concept of interest rates was also introduced in this earliest of societies, along with debts and taxes. The problem with interest is that it is never created, and yet it is still owed back to the banks. Naturally, the only way for one person, therefore, to pay off their debt is for 10 others to default on theirs, thereby becoming slaves once again. Only this time, their own conscience forced them to remain as slaves, because “who shouldn’t repay a debt that is owed?”
Except the problem with the debt is that it never truly existed in the first place, because money is just a store of value, an instrument for exchange. It is not actually a thing of value in and of itself, and the bankers never lost anything in loaning that money out. But the people don’t usually know this, only the bankers.
This system has been around for nearly 6000 years, at least. It has taken many forms in its evolution throughout the millennia, but it is still the same old system being employed in every civilization throughout history.
William Strauss and Niel Howe wrote a book called “The Fourth Turning,” in which they lay out, with accurate historical evidence, how every economy throughout history has followed an approximately 80-year cycle that always begins with prosperity for everyone, and then ends in economic slavery for most everyone, which results in cataclysm and subsequent revolution back to the beginning of the cycle. This cycle has been revolving since the very beginning, and unless we do something about it, it will continue to revolve over and over again getting us nowhere and keeping us all enslaved to the few so-called “Elite” that have always considered themselves to be superior to the rest of humanity.
If there is nothing else you learn from this White Paper, let it be this: Money was not invented to control exchange, it was invented to control slaves.
Remember those small indigenous tribes mentioned earlier? With but a few small exceptions, nearly every single one of them used a system that we would, today, refer to as a Gift Economy. The idea was that everything was freely given by those who were best at providing it, and everything was freely taken by those who needed it. Most of these tribes competed for who would be able to give the most, and usually, the one who was able to give the most was also given the highest positions of leadership in the community.
The only small exceptions to this rule was when tribes traded amongst other tribes. Only then was a system of barter used, and in most cases the exchanges themselves were practically an act of war, and often led to wars between tribes. David Graeber gives a few examples in his book, “Debt – The First 5000 years.”
Problem 02
There are New Earth Communities sprouting up all over the place in response to this history and Problem 01. The second problem is that each one of these communities is coming up with their own new form of economic system using modern day Cryptocurrency to evolve beyond the constraints of the old world systems. It is good that people are working on solutions to evolve beyond the constraints of old world systems, but it’s not necessarily helpful that everyone is creating a different system.
How are all these different systems to work together if they were in need of trading or exchanging between their communities? Some of these systems might be mildly compatible with each other, but others are wildly incompatible. Over time, a long period of time at that, it is possible that all these New Earth Communities could eventually make small changes here and there as they trade between each other to create an overall standardized system of exchange.
In the meantime, Holobank presents a solution that not only enables all these New Earth Communities to trade with each other, but also to trade with the old world systems in a way that everyone can appreciate. At least everyone who has un-indoctrinated themselves from the need for direct exchange and has come to appreciate the Gift Economy as the most real solution to all our problems.
This White Paper does not seek to have all the New Earth Communities forego the systems they are developing and have developed for their own needs. We believe that it is very important for each Community to have its own system for its needs within its own community. But in recognition of the fact that we are a Global Society, we also need a Standardized System for Global Trade that operates on the principle of the Gift Economy.
Holobank, as presented here, seeks to become the Global Standard for the Gift Economy for New Earth Communities to adopt in order for them to Trade with other New Earth Communities, as well as the old world systems employed by all currently existing nations.
Problem 03
Probably the single most difficult problem everyone faces regarding the creation and building of New Earth Communities is how to fund them. I, myself, am part of several organizations looking to build New Earth Communities and what I see in all of them is the same problem:
Everyone is working full time on how to raise the money needed to work on the project instead of working on the project. I don’t often quote Jesus Christ, aka Yehoshua Ben Hur, but one thing he said that is very important for this topic is that “You cannot serve two masters.” And this was said in direct reference to the service of money and God.
Everyone who is working to build New Earth Communities is looking to work in service to God, but we are all forced, first and foremost, to serve money. This represents the largest hurdle we face. We are meant to be doing our work, not trying to raise money to do the work.
There are many solutions to this on the rise since the advent of Cryptocurrency, such as Regenerative Financing, and non-profits who collect donations specifically for these kinds of projects. But in general, these non-profits and ventures typically are created by the very people who wish to use those funds to build their own projects, and so they don’t usually go to fund any other projects.
Holobank can resolve the problem of needing to build non-profits or other ventures to raise capital. Holobank can make it so that money doesn’t need to be sought at all.
The Solution
Holobank resolves the problem of money being used to control people and instead reverses that and serves to free people. It resolves the problem of individual New Earth Communities having incompatible economic systems by creating a global standardized system of free exchange that all the different communities can use. It resolves the problem of needing to build non-profits or other ventures to raise capital by allowing us to create money-on-demand. And it does all this in one fell swoop allowing its Members to experience a Free Access Gift Economy while still being able to do business with the old world.
There is little difference between a Gift Economy and a Free Access Economy. They are, for all intents and purposes, the same thing.
All throughout Nature, ecology employs a Free Access Economy in which everything is freely given and freely taken, and an abundance of everything is provided for everyone. This can be proven with simple observations of any ecosystem. The only thing that is scarce is money, because traditionally, the only way for money to have any value is with scarcity.
It is a simple fact that, so long as we continuously recycle our resources, we can continuously provide an abundance of all things to all people. Of course, we can only continuously recycle our resources so long as we don’t have to be concerned about how to afford it or profit from it. You see, it is not the relationship of our growing population and our resources that is unsustainable. The only thing that is unsustainable is our trade-based monetary debt system.
But how do we transition a world of billions of people that are heavily indoctrinated into our trade-based monetary system to a system of Free Access, such as the Gift Economy? The answer is simple, by creating a Decentralized Banking System for an Alternative Global Society that will enable us to use money to simulate a Free Access Gift Economy for ourselves while enabling us to do business amongst each other, as well as with the rest of the world and its old world systems while this Alternative Global Society starts out small and grows over time.
Holobank envisions a paradigm shift in economic systems, aiming to transcend traditional monetary constraints by merely changing the way money is created and not requiring it to be paid back, as well as changing the way value is determined and defined. This innovative approach seeks to utilize Holochain’s agent-centric model to host the decentralized banking system and its currency, Holocoin.
The core philosophy of this system is rooted in principles of the Law of One. The Law of One states that there is only One, that we are all One. This means that a service to others is a service to self and a service to self is a service to others. The only thing consistent is the need for service. No community can survive, let alone thrive, without the service of the people that make up that community. This is especially true for a Global Society.
If all services are equally necessary, then are they not all of equal value? If all services are of equal value, then shouldn’t everyone have equal access to all other services and products? And if that’s the case, then how can we enable that? The answer is simple: by using a Free Access Gift Economy powered by Holobank.
- Economic Model – Gift Economy
What is a Gift Economy? What does that mean? How does it work?
Other names for such an economy are “Free Access Economy,” “Open Access Economy,” “Cyclical Economy,” and “Pay-it-Forward Economy.”
What we have right now, regardless of what you want to call it, is basically a Pay-it-Back Economy. When you need or want a product or service, you have to pay money in Direct and Immediate Exchange for that product or service of equal or greater value to what you receive. When you want to buy a house or a car and need to take out a loan to do so, and you have pay back the bank or credit company, with interest to boot.
This is actually the exact opposite of how nature works. If Ecology worked the same way as our economics, it too would only last 100 years at best before destroying itself. Thankfully, Ecology operates the opposite of our economics. But in truth, our economics should be mimicking ecology. That is why they both start with the same root word – Eco.
Take a look at any forest or field and you will observe a cyclical economy where nothing is paid back and everything is paid forward. Animals freely take the food that is freely provided by plants. Insects, bacteria and fungi freely take the food that is freely provided by animals in the form of their droppings and carcasses. And plants freely take the food that is provided by the insects, fungi and bacteria in the form of nutrient rich compost.
Nowhere in this scenario is anyone giving anything back where it came from. They are all paying it forward which creates a cycle of resource perpetuation that allows all creatures to constantly thrive abundantly.
The question is, how do we create such an economy for ourselves without causing chaos with a sudden change in economics that few people understand, and instead create a slow evolution of economics that enables the early adopters of the system to operate in a Pay-it-Forward Cyclical Gift Economy while still being able to do business with all those who cling to the old systems?
That’s what Holobank is. It begins with evolving past the idea that money must be backed by something limited and instead backing it by something that is limitless. Going back to the Gold Standard is going back to limitation. Limitation creates scarcity and scarcity creates slavery. Instead, we need to move forward and evolve to a new standard by backing the value of money by “Love.”
Love is here defined as “Human time and energy in service to others.” This is actually very similar to the original type of money invented by the Sumerians which was backed by “Human Labor.” But what we need to recognize is that Love is a renewable and infinite resource which enables us to create a limitless supply of money without affecting the value of that money. In fact, just as love continuously grows and expands, the value of our money can always increase. Then we need to recognize that backing our money by a limitless and infinite resource enables us to create money-on-demand without having to pay it back, let alone with interest.
Giving ourselves the ability to create money-on-demand means we no longer need to put variable values on various positions within organizations. We no longer need to pay employees for their contributions, instead they can all create money-on-demand in exchange for their service. This means that companies don’t have to worry about profit margins because they, too, can create money-on-demand. This means we don’t need to worry about how to afford unprofitable services such as recycling our resources which enables us to perpetuate the resources we have, and there are more than enough resources on this planet to support at least twice our current population according many different studies.
How it Works
Holobank challenges conventional notions of scarcity by allowing the on-demand creation of Holocoins in exchange for meaningful service to the community. Eligibility for account creation is tied to active participation in business, volunteer work, or other forms of contribution, within a community, business, organization or church that participates in the Alternative Global Society.
Holocoins are designed to maintain a stable value equivalent to the all-time high of one grain of gold per Holocoin, ensuring consistency and reliability no matter what happens throughout the global economy. The value may go up, but it may never come down. While the value will be “pegged” to the all-time high of gold, it will be “backed” by the limitless and infinite resource of Love, or Community Service.
The incentive to participate in this new alternative global society lies not just in Economic Freedom but also in Governance Participation, granting members Sovereignty and Diplomatic Immunity in a shared vision of Peace and Prosperity.
There is no need for fancy algorithms and market fluctuations in Holocoin’s relationship to other currencies to determine its value. There is only a need to define the value of Holocoin and stick to it. There is no need to continue the traditional idea that money must be scarce to have value. Nor is there any need to continue the same process for money creation as employed by the current central banking system being the act of borrowing and lending debt instruments. It is time to evolve beyond these concepts, beyond debt, and beyond trade-based economics in order to create the world we all know we deserve to be living in.
By pegging the value of Holocoins to the all-time high of gold and backing it with “Love” we aim to create a currency that embodies intrinsic value beyond mere scarcity. There will be no limit placed upon how many Holocoins can be created, as limitation is the definition of scarcity and Love is an infinite resource. Doing so also makes Holocoins the most stable of all stable-coins making it a safe haven for anyone who wishes to put money into escrow.
For all the businesses and organizations that operate within this Alternative Global Society, rather than giving themselves and their employees paychecks of a certain value in exchange for their service, they and their employee’s will simply have Private Irrevocable Trust accounts at Holobank that gives them a “Credit” card. It’s called a Credit card because it doesn’t create a “Debt.” Instead of people “spending” money that is within their account, Holocoins will be created on-demand for all transactions made with their Credit Card. In other words, everyone will receive infinite spending power in exchange for their service to their community.
Holocoins will not represent a debt because they are not loans that are owed back. This is important, not only because it allows us to operate in total and complete freedom, but it also helps offset the debt of the current unsustainable global central banking system, making it a win-win-win for everyone, including the old world bankers who can now have all their money, including 100% of all interest and principle, paid back to them as a result of the influx of additional money from our alternative society.
As you can see, with Holobank, all the Members of our Alternative Global Society will be able to operate on a Free Access basis while still being able to transact business with the old world. Eventually, when our society grows large enough, we won’t have to conduct business with the old world anymore.
At this point, the system will only be a mechanism for determining whether or not a Member is serving their community. When our society evolves to the point where it becomes impractical for everyone to always be contributing a meaningful service – and this is an eventuality and not a probability – this system will begin to get in the way, and we will have to move on to the final phase, which is to evolve Holobank into an Inventory/Resource Tracking Service rather than a Transactional Service.
- Alternative Global Society
There are 3 reasons we need to create an Alternative Global Society to host Holobank within:
- To bring all New Earth Communities together with a Standardized System everyone can use when trading amongst different Communities and the old world.
- To avoid legal issues in currently existing jurisdictions as much as possible to enable us to simulate and use a Free Access Gift Economy outside the pressures of current regulatory systems which may not be in agreement, whether as a result of greed or ignorance, or both.
- To create a Holographically Decentralized Democratic Administrative decision-making system, not only to serve Holobank’s functional needs, but the needs of the New Earth Global Society.
Alternative societies have already existed for a long time in various forms, most of them being small, such as communes, micro-nations, or small towns. The idea is that, just as the original American Colonies were all separate before coming together as the United States of America, so too must different alternative communities come together to form a unified Global Society.
This is not to be forced upon anyone. The invitation shall remain open to all alternative communities, churches, businesses, organizations and people of all types and sizes from around the world to join at their own free will.
This will, however, require the adoption of and participation in a formal Holographically Decentralized Democracy. Or to steal a term from Dr. Haramein, a physicist who proves the universe is a “Holographic Fractal Matrix,” – a “Holofractal” Democracy. Ultimately, that’s just fancy language for a Decentralized Democratic Administration System which could also run entirely on Holochain.
It is recommended that we do not create another Republic, as a Republic is a “Representative Public,” which is a separate body of politic that makes decisions in place of the public. If we’ve learned anything from history it’s that such Republics rarely, if ever, make decisions that are in the best interest of the very people they are meant to represent. A Democracy, on the other hand, is when the People of the Public themselves participate in the decision-making process for all decisions that directly affect them.
Many people today falsely believe themselves to live in a Democracy. The word Democracy has become synonymous with the word Republic today, but by definition the two are diametrically opposed.
The common argument against a Democracy, which stems all the way back to Plato’s “Republic,” is that decisions can be made too quickly and too easily, and that the masses are too unintelligent, allowing bad decisions to be made too frequently. The question, of course, is “bad for who?”
The “Republic” claimed to resolve this problem by putting Representatives between the People and the decisions, as well as creating a check and balance system by separating the powers between different bureaucracies. But what it really did was remove the People from the decision-making process entirely, putting the decision-making power in the hands of a centralized minority Elite, which have since monopolized the check and balance system to make decisions that benefit only them and not the People.
Holofractal Democracy, or Decentralized Democracy, resolves this issue (1), by creating a debating system that is organized insomuch that it is non-hierarchical, making everyone that participates equal in terms of their Freedom and Sovereignty, and enables the decision-making processes to be as efficient and effective as possible at generating high quality, intelligent decisions; (2), by creating a decentralized check and balance system amongst all the different groups of people participating in the debating phase of any decision rather than a centralized three party system that can be monopolized and controlled; and (3), by not using a simple majority of 51% to make decisions, but an “Overwhelming Majority” consent which is defined as 61.8% in alignment with the Golden Ratio. Of course, for simplicity we can round that up to 2/3’s if we so desire.
Holochain was specifically chosen because it operates using the self-same holographic principles of organization in its agent-centric architecture. There are already many forms of Decentralized Democracy ready to be used when co-creating the Global Society, such as the Metatocracy, MAIA, Fractal Democracy, and the Holacracy.
This White Paper does not detail the specifics of such a Decentralized Democracy because Holobank, itself, will be a participant in the Democracy and the founding of the Alternative Global Society. The Administrative Systems of the Decentralized Democracy are meant to be co-created by the original founders of the Alternative Global Society, as well as meant to evolve based on the ongoing process of Holofractal Democratic Administration.
By becoming a Member of this Alternative Global Society and participating in its Decentralized Democratic Administration, all People will become Sovereign Diplomats of our society giving them the right to be recognized as Sovereign Diplomats with Diplomatic Immunity in all other nations. In this way, we can all remain subject only to Natural Law, Common Law, Merchant Law, and our own jurisdictions, remaining entirely outside of Admiralty Maritime jurisdictions.
- Technical Architecture
The decentralized banking system leverages Holochain’s unique agent-centric architecture to facilitate peer-to-peer, peer-to-business and business-to-business transactions without the constraints of traditional blockchain infrastructures. Level 1 systems like the original Bitcoin blockchain suffered extreme limitations to its scalability after it became popular. It was for this reason that Level 2 systems were invented such as Bitcoins Lightning system and the Ethereum Network.
However, once Level 2 systems and even Level 3 systems become too popular, they too will experience the same limitations. Holochain resolves all blockchain limitations by actually increasing in transaction speed the more popular it becomes. This is because the agent-centric architecture employed allows peer to peer confirmation through a Holographically Organized Network rather than using long chains of information that have to be confirmed by every single user in the network. The more people that use the system, the more efficiently it works.
Furthermore, the Holochain network isn’t just a Holographically Organized Blockchain, it’s an entirely decentralized internet network hosted by its users. This means that no single person or organization has any control over what gets published on this network, and no one can censor anything. It also means that no one, even if they wanted to, could shut the network down as that would literally require taking out every single node in the network all at once, which is physically impossible.
Holochain will, thus, operate as a Holo-App, otherwise known as a HApp on the Holochain network. Holo launches Q3 of 2024 meaning we will finally be able to create a Beta version starting soon, and potentially launch the first Beta version sometime in 2025.
Development still needs to be done, but ideally everything for it will exist entirely on the Holochain network as a Web3 function, including the website, the Holochain, and the HApp. The only things that won’t be able to exist entirely on the Holochain network at first are the exchange servers/payment processors, as they need to integrate and interact with the old world banking system.
As it seems as though Ripple will become the new exchange service that all banks use, it is highly suggested that we also use the Ripple system as our exchange service. At first, we will try to use existing payment processors such as VISA or MASTERCARD, but if they are unwilling to integrate with us we may just have to create our own payment processor company and supply our own credit cards.
- Legal Navigation
To avoid any liability regarding Old World Legal Systems, Holobank will be established in an Alternative Global Society that is Sovereign in its Own Right. This means it will not exist within the jurisdiction of the SEC or any Government Agency or NGO under the UN. The only jurisdiction it will be responsible to is the jurisdiction of the Alternative Global Society in which it is formed and operates.
That said, it needs to be able to transact business with entities in the Old World Legal System. Inasmuch, it will either need to integrate with existing legacy systems, or we will need to create more entities, such as our own Credit Card company and Payment Processor to enable us to exchange our currency with others and transact business with the Old World. These businesses, or the integrations into existing entities, will be subject to the SEC and Government Agencies and NGO’s under the UN.
As such, we will require expert legal advice in the process of creating these integrations or our own companies for the processing of our transactions and exchange of our currency. It is currently most likely that we can simply integrate with existing payment processors.
There is a group slowly forming called “The Metaphysical Council of Law,” in which highly enlightened lawyers are beginning to participate. It is highly suggested that we work with this group of lawyers for legal council.
- Cryptocurrency Design
Holocoins serve as the primary currency within our ecosystem, maintaining a consistent value pegged to the all-time high of one grain of gold per Holocoin to always ensure stability and reliability. The consensus mechanisms inherent in Holochain’s design provide a robust foundation for secure and scalable transactions, enabling frictionless value exchange among participants.
Holocoins will be created on-demand, but not as a debt instrument. All Holocoins will be considered a Credit, which is defined as “purchasing power.” The symbol for the Holocoin Currency shall be an “H” with an “=” across the middle with an “∞” (infinity symbol) over both sides creating a vesica pisces double PHI symbol as shown here. The “H” stands for Holocoin. The “=” stands for its quality and stability with gold. The “∞” (infinity symbol) represents that it is unlimited in its creation. The vesica pisces represents the polarity balance between masculine and feminine divine energies. The PHI symbols represent its tie to nature and the nature of the expansion of systems, energy, creation and consciousness.
There will be no limit to how many Holocoins may be created. The value of Holocoin shall be backed by “Love” which is defined as “Human time and energy in service to others.” Love is an unlimited resource, and that is exactly why there shall be no limit to the number of Holocoins in existence. Their value will be protected by basing it on the all-time high of gold, thus making it the most stable of all stable coins, as its value does not fluctuate with gold, but always remains at its all-time high. The value may increase, but never decrease.
- Smart Contracts
Smart contracts deployed on the Holochain network will facilitate all the essential functions needed for Holobank to operate. These will include, but shall not be limited to:
A. Employment contracts (proof of service).
B. Volunteer Agreements (proof of service).
C. Business Formation Documents (proof of service).
D. Account Creation
E. Holocoin creation.
F. Currency exchanges.
G. Transactions
H. Governance Participation (voting protocols).
8. Integration Plans
In order to make Holobank work we will have to find a way to liquidly exchange Holocoin with all other Crypto and Fiat currencies by integrating with current legacy systems. There are various ways we can accomplish this, but at this point, these are all merely possibilities.
A. We can integrate with RIPPLE if it becomes the industry standard between Crypto and Fiat exchanges as it aims to do.
B. We can integrate with existing payment processors to process transactions after the exchange takes place.
C. We can integrate with existing Credit/Debit card companies like VISA or MASTERCARD to use for our payments.
D. We can employ a dual account system whereby Holocoin is created in one account and exchanged for a different currency into the other account for the transaction.
E. We can create our own Credit Card Company separate from Holobank to use for our transactions that works closer with the Old World Legal System in ways that Holobank cannot.
F. We can create our own Payment Processor Company separate from Holobank to use for our transactions that works closer with the Old World Legal Systems in ways that Holobank cannot.
This will have to be figured out as we go, and more experts will be required to help make this happen.
- Applications
User-centric web and mobile applications that operate as HAPPs on the Holochain Network will provide intuitive interfaces for participants to engage in the Free Access Economy effortlessly. The design will prioritize simplicity, organization, and accessibility, ensuring a seamless user experience across various devices and platforms. They will allow users to create accounts, provide evidence of their contribution to society, transact business, propose edits, updates or changes to policy and/or processes, and vote on decisions after the debating phase is complete.
Applications can begin being developed as soon as Holo launches on Holochain in Q3 of 2024.
- Security & Privacy
Ensuring data sovereignty and individual control is paramount within our decentralized banking system. Holochain comes jam packed with built in robust encryption, access control measures, and continuous auditing protocols that will safeguard user assets and transactions, fostering trust and reliability among participants.
- Governance Model
A Holographic Democratic governance model must be co-created by the original participants and founders to empower the People to make collective decisions through digital voting mechanisms. Certain proposals that have already taken place include the Metatocracy, MAIA’s Organomic Structure, Fractal Democracy and the Holacracy.
The actual governance model created will be dependent upon the system used by the Alternative Global Society that will be founded as part of and prior to the formation of Holobank, and will most likely represent a hybrid of the all the above models. The formation and founding of this Alternative Global Society is already underway. While the Global Society itself has yet to be named, the Global Council at its center is already operating and is currently called the Illumine Nations Coherence Council of Gaia or INCCG for short.
The INCCG will form the foundation of the Alternative Global Society and is made up of various Members, some of whom created the above-named organizational models and we are working on formalizing the structure and functions of the Council which will set the foundation for all other groups that join the Global Society, including Holobank.
The only suggestion that will be made by this White Paper is that decisions require an “Overwhelming Majority” consensus based on the Golden Ratio, ensuring inclusive and transparent governance practices. The idea is that a simple majority of 51% is not enough to support the integrity of a decision. Rather, once a decision reaches a minimum of 61.8%, it has achieved a sense of coherence worthy of integrity. This can be rounded up to 2/3’s for simplicity.
- Arguments
Common arguments against a Free Access or Gift Economy are as follows, along with explanations of how these arguments are not realistic and actually are resolved with a Free Access Economy:
A. “How would we buy things?” – This was the first argument I always received when I first began telling people that money doesn’t need to exist. The point is, we don’t have to buy things. But Holobank was developed as a solution to help people learn that everything can be free while still using a system that allows them to transact using money.
B. “If everything is free, what’s to stop everyone from hoarding everything creating a shortage for others?” – Ask yourself a different question, why do some people hoard a wealth of money and assets now? It’s because they are hard to come by. It’s because it’s difficult to build wealth and acquire assets. It’s because that is the only way to become wealthy in our current economic landscape. On the other hand, when everything is free for everyone all the time, what would be the point in hoarding anything?
C. “If we create a limitless supply of money, won’t it just lose value?” – The rule that money needs to be limited to have value, or that the value should be limited by the amount in existence is just that, a rule. It’s not a principle of natural law. It’s something we made up and began enforcing. We can always change the rules.
D. “Won’t people be lazy if they don’t have to worry about getting paid?” – People are lazy now because they are forced into doing things they don’t want to do in order to just barely survive. If people were freed up to not have to worry about survival, they would soon find themselves working on figuring out what it is they actually want to do to serve their community. When everyone is doing what they want to do, everything that needs to be done will get done, and to the highest degree of quality. People have passions. They have things they want to do. Most people actually want to help others in ways they are passionate about. But in our current economy, it just isn’t possible for most people to do what they are passionate about. Believe it or not, laziness is not human nature, it’s learned behavior. Our true nature is to be curious, imaginative, creative and passionate about various things.
E. “There aren’t enough resources to support a Free Access Economy.” – Correction, there isn’t enough money to support our population. The only thing that isn’t sustainable is our current monetary system. All resources on this planet are renewable resources if recycled properly. The only reason they aren’t recycled properly is because we can’t afford to do so in our current economic system. With a Free Access Economy, we can perpetuate our resources indefinitely with highly efficient recycling systems, which would also result in us producing less waste, which would result in a cleaner environment.
F. “People are greedy and corrupt and there will always be thieves.” – Greed, Corruption and thievery only exist because the current economic system allows for and encourages such behavior. Centralized control of banks, corporations and governments allows for greed and corruption to proliferate. The way the system enslaves the vast majority of people to a life of harsh survival creates thieves who believe they have no choice but to steal to survive. Even those who do it for the thrill only do it because there is a thrill. In a Free Access economy with decentralized social systems, greed and corruption have nowhere to take root, no one is forced into a state of survival and there is no thrill in stealing something that is easily replaced without harm.
G. Give me more arguments and I will show you how a Free Access Economy resolves them.
13. Roadmap & Next Steps
Phase 1: Research & Development – Where we are right now
Define detailed smart contract logic and economic parameters.
Conduct feasibility studies and technical assessments.
Establish initial partnerships with blockchain developers and economists.
Seek funding to pay developers, legal counsel and others for Phase 2.
Phase 2: Prototyping & Testing
Develop prototype applications and user interfaces.
Test smart contract functionalities and integrations.
Collaborate with legal experts to navigate regulatory challenges.
Launch Alternative Global Society as a Sovereign Decentralized Network State.
Phase 3: Deployment & Expansion
Launch initial pilot of the decentralized banking system.
Scale operations based on user feedback and performance metrics.
Explore strategic partnerships with financial institutions and regulators.
Phase 4: Evolution beyond Transactions
Society grows large enough to no longer need to do business with other nations.
Society advances to the point where contribution is no longer necessary for participation.
Holobank evolves to a system that tracks inventory and resources.
Partnerships & Collaborators
To realize this transformative vision, we seek collaboration with:
Experienced Holochain developers proficient in agent-centric architectures.
Economists and legal experts knowledgeable in decentralized finance and regulatory compliance.
User experience designers passionate about intuitive interface design and accessibility.
Financial partners interested in pioneering alternative economic models and fostering global financial inclusivity.
This white paper articulates the ambitious vision of our decentralized banking system. As we progress, detailed contributions from various experts will enrich and refine each section, propelling us toward a future where financial freedom is accessible to all.
Your feedback and insights are invaluable as we continue to refine this foundational document and embark on the journey to realize this transformative project. Together, we can attract support, expertise, and investment to bring this vision to life.
If you would like to participate, please contact me at Kamiron.Freeman@protonmail.com, preferably from a Protonmail account for securely encrypted communication. Include in the email the contributions you would like to make to this White Paper, the contributions you would like to make to this project, and your expected Salary or Fee Requirements for dedicating your service to this project.
When feasible with enough contributors, investments and donations will be sought in the amount needed to pay everyone their desired salaries/fees.
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