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, as well as the Ripple network for the liquid exchange of our currency with all others.
What if we had a Free Access Economy instead of a cryptocurrency that pretends to be a store of value based on Love or Happiness or Honor? What if we completely and totally got rid of the need to have an accounting of any kind of value whatsoever? What is value, anyway? What is valuable? What is the most valuable thing?
In this presentation we begin to explain the Core Principles and the Foundations of what Metagaiaes is, what the Metatocracy is, and why they are so important right now at this moment in history.
This is the 3rd video in a series with Andrew Pham collaborating on the co-creation of Metagaiaes.
Progress is definitely being made.
A lot of ground is covered in this video. I will have to go through this video at some point and begin separating related content into their own videos. But for now, this one video is a really great introduction to what Metagaiaes is, how it works, why it’s needed, and a whole lot more.
The truth is constantly staring us in the face, but we are constantly being told that resources are scarce and that is why we need to trade money to buy things. We are taught that trading money for things allows us to regulate the supply in order to meet the demand. But that couldn't be further from the truth. We are constantly over-producing and therefore having to artificially increase prices in order to make up for the loss of profit on all the things we have to throw away.
What we see happening here is we create a certain amount of currency, or purchasing power, and we then take that purchasing power, which is a debt, and give it to someone else for their product or service; so now we owe the bank the amount we just spent, plus interest, and on top of that, we just gave the grocery store pieces of paper that literally say, “I’ll pay for my bill later.”
Today, there are various different idea’s for how to operate the economy without using Money. You have the Gift Economy, Voluntaryism, Contributionism, Sharing Economy, etc. All of these are simply different types of ideas for the same basic Economical Model - Indirect and Transient Exchange. The difference is mostly in semantics.
This world has been enslaved through Money for at least 6000 years. We have come completely full circle from the Ancient Sumerian form of Money and Economy. We have evolved through the Gold Standard, Barter and Trade and other such forms of Systems of Exchange, and today, we use pretty much the exact same system that was originally invented by the Sumerians 6000 years ago. We call it Fiat Currency. The only missing variable is that we don’t back it by anything of value, but that’s about to change along with some other things.
