If for any reason the above Odysee Video doesn’t play smoothly for you, the back up YouTube version is here.
If you have not seen it yet I recently did a presentation on digital privacy at the D3 Tech Summit sponsored by The Conscious Resistance (Derek Broze and John Bush). One thing I said in it was that we simply do not need a new token or coin for every project. And yet today I am going to lay out a concept which likely would require a new coin, though I don’t know anyone has ever done anything like it. May be it is a good idea, may be it is terrible, who knows.
Join me today as I discuss a way were perhaps we could create the ultimate hard backed coin, one that is not mined, rather generated by depositing another crypto to a blockchain that mints new coins based on deposits of another coin, then automatically redeems them to anyone that wants them at a fixed rate of exchange.
Of course we make the new coin totally private, we accomplish a lot with this, it may be fairly easy to do or incredibly complex, I really don’t know but if we are ever to create a block chain based truly uncensorable social media platform that is to become a real virtual nation, this may be the way to get it done.