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Posts Tagged ‘DeFi’

A call-out to App, Platform and Crypto Developers who want to support their communities

The chances are that if you are one of the many people with an interest in new currencies, new ways of living and a new (or a return to) people-centric world and way of living who has been reading through Levelling Level, my blogs and material I am continuing to create, you will by now appreciate that the collapse that I have been talking about, is already well underway.

I cannot overstate just how challenging it is for many people to understand that systemic collapse doesn’t necessarily mean that absolutely everything stops.

Because it could very well be the case that not everything stops at the same time, many of those same people will still continue to believe that the world around us is continuing as it always had.

This creates two specific dangers for us all:

  1. That these same people will literally stand still, do nothing and allow those whom have created all the problems we have now, to dictate and recreate a system that continues to work only for them, and:
  2. That when things do reach a critical point and we are experiencing social disorder, people will not look to ourselves and to our communities for the answers and the solutions, and instead will continue to listen and go around in circles – back to point 1!

Whilst I have little doubt that the world elites have simply gone too far to turn everything around this time (as they did when they last lost control during the Great Financial Crisis of 2008), it would be foolish to fall back on confidence alone to mitigate the inherent risk, that plans like those being pushed through the WEF narratives will succeed.

Preparation now, is and will be one of the most effective ways to counteract and lesson that risk. But more importantly, it is the best way to help ourselves, then people we care about and everyone within the communities where we live.

There is no doubt, that the success of the Local Market Exchange and the True Economy hinge on building new app-based exchange systems for foods, goods and services, and that these are fully interactive and linked to or with the fully localised or Decentralised Currencies that we need create and correlate them with.

All Local Market Exchanges will need a localised or franchised version of an app that works as follows:

  • Operates within geographical parameters that are definable using existing postal codes or GPRS
  • Allow an item (or group of items) to be swapped directly for a rate of currency to be agreed, OR another item (or group of items) IF the two parties involved in the direct transaction should agree
  • Allows a source of community governance to set the values of basic or essential foods, goods and services, but prohibits any other kind of change.
  • Shows what essentials foods, goods and services are available collectively to the community transparently at all times.
  • Makes any goods that are not essential to community members, (which could be the surplus of otherwise essential foods etc.) available to other Local Market Exchange Franchises – in the order of prioritising immediate neighbours first.
  • Is based on a membership structure that requires sign-in and acceptance of all terms
  • That will either be or can quickly and easily become fully interactive with a new Local Digital Currency that is directly linked to the number of ‘members’ in terms of the structure of its value, with the ability to change or rescind those values on the membership status of each member of that community group
  • That is fully open source.
  • Each ‘franchise’ will be owned by the community that manages it, with a salary to be paid from the local governance body to those administering the system on behalf of it.

Some of you brilliant people will know how to do this now. I realise just how time consuming this could be. However, the contribution that you could be about to make – if you can do this, or contribute to its creation – could be incalculable, in terms of the new world that we have to work together to create.

I will be happy to work with any of you who are developers to write the governance notes and create the process diagrams for the Local Market Exchange system model, so that a formal barter and exchange system that interacts with the creation of a localised Cryptocurrency can be created and be ready for when we need it, so that none of us have only the choice of beginning from the start with no help from others, when things are in a real mess.

It doesn’t matter where in the world you might be. Everything is about to become local in a way that many of us have never seen anything like before. However, it is also vital that we work from those grassroots-up, to ensure cooperation at every level right up to the equivalent of worldwide and international in the way that we understand it right now.

Love is international and has no boundaries. Practical reality always meets us at the front door.

We all have a stake in making sure that each and every community survives and then thrives as we transit through the change from the dark world we are exciting and meet the challenges that we face as we open the door to the new world of balance, fairness and light that lies ahead.

Please talk to me openly on Twitter or Facebook (@LevellingLevel or @AdamTugwell), or get in touch by direct message or by e-mail on levellinglevel@gmail.com

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Developing New Local Currencies (Cryptocurrency, DeFi)

The Basic Living Standard and Basic Living Standard Wage creates the basic principle or governance requirement for how a complete Local Market Exchange, True Economy and System of Governance will work.

Everything quite literally anchors to or hinges upon The Basic Living Standard, which is a universal benchmark, which in terms of the Basic Living Standard Wage, provides the basic exchange rate between all local or decentralized currencies, or any umbrella, centralised or connective currency that then can link them all.

A currency that works on a fair and balanced basis must correspond to its own system of governance.

The fairest, most balanced and most democratic form of governance is where power it attributed and responds in its most local form.

As such – despite the commonalities between different currencies, the power to govern local currencies must remain local – not for the purchase of essentials – but so that non-essential goods, can always be exchanged at rates which correspond to the idiosyncrasies of production in their very localised form.

Beyond the practicalities of the requirements of the Local Market Exchange system, it is also ethically correct to keep the balance of power that accompanies use of digital currencies and finance in their most dispersed, local and transparent form, so that they cannot be used as a leverage tool within an oversized governance system that relies upon coercive control.

Local Decentralised Finance (DeFi) in the form of Local Cryptocurrencies that are linked only by the Basic Living Standard, assure our personal freedom from tyranny in any kind of form, in the most basic sense.

That process or supply chain must always be as simple as its possible for it to be. It is through the accumulation of additional stops or steps in a supply chain that don’t add value, but add additional and unnecessary costs, where so many problems begin.

The roles that we have will be redefined and reconsidered as the evolution of our new system takes hold. In fact, some of the jobs that have been highly regarded for all the wrong reasons during this dark age that is now ending, will simply no longer be ‘needed’ and will no longer have any reason to exist.

The real value of Money and Cryptocurrencies (DeFi) today

Crypto or Cryptocurrencies have become increasingly popular in recent years. But in their current form, they have a massive and potentially terminal flaw: Today’s Cryptocurrencies are worth ZERO.

Today’s Cryptos work on the same basis as the FIAT Money system that they were intended to side-step.

The value of Cryptocurrencies is based only on what anyone believes.

For many of us, this is a very difficult message to understand. We only have to look at news in the media that suggests Cryptos such as Bitcoin are worth tens of thousands (x10,000) of £Pounds, $Dollars or the equivalent in many other currencies or monetary terms to see what people think they are worth.

Yet Cryptocurrencies are not tied to anything of value. They do not have anything of value linked directly to them. Even the arguably sensible idea of only creating a limited or finite number of them doesn’t answer the fundamental questions or realities of what a currency or any form of money is, and how they should really work.

Money is a unit of exchange. Money is a value transfer tool. Money is a medium and nothing more.

Money has become the benchmark that is set against everything in our lives, because making us believe that its value is real has benefitted someone else’s greed for wealth, power and influence in some way.

With the FIAT Money system about to collapse, we are all going to go through the process of realising the real value of the things that we genuinely need, as opposed to the things that we want.

That process will lead to us rediscovering what the real value of money and any form of currency really is.

When money or currency of any kind can no longer be used to buy anything, either because we simply don’t have enough of it, it’s not tangible, or because what we need is not available to buy, circumstances will force us to appreciate what the value of the things that we need really is.

Levelling Level | Digital Currency, Crypto, DeFi

Digital or crypto currencies will not survive in their current form.

Like the system that cryptocurrencies were created with the best intentions to try and override, it is simply the belief that people have, or the way that people think about cryptocurrencies today that appear to make them work.

The cryptocurrencies that you can buy or trade today may be worth a lot of money. But like the money they might replace, they have absolutely no value at all.

In reality, digital currencies that exist today are as flawed as the FIAT money system itself. They are based on no real value or tangible holding.

It is literally the belief of those who invest in or use the existing blockchain currencies that make them work.

The moment anything happens to shatter the belief in today’s versions of digital currency – as you can be certain that it will – these cryptocurrencies will return to their intrinsic value. That value is zero or nil.

The new ‘local’ way of living will allow the creation of new digital currencies based on real value that is defined by the community that runs it.

That value will be pinned or anchored to the value of input and output (labour, skills, experience) and the true value of the locally produced goods that people genuinely need to live.

We cannot and must not even try to return to a pyramid or hierarchical system that is skewed to allow prices at the foundation of our society to be dictated by actions at the top.

We could very easily and very quickly come to experience a fully functioning system of digital currencies that are locally linked. Currencies that become interchangeable and exchangeable with others, because of how the basic value of input and essential goods are defined.

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