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George Coe II
George Coe II
7 years ago

I find it interesting that I just listened to this podcast a few days ago.
http://www.trunews.com/listen/iot-revolution-radical-transformation-of-society
It made me think of your original virtual nation podcast because they brought up very similar conclusions to where our society is heading. Their take, in general, is that corporations may be the next virtual nations. Not sure if you are aware of IOT (Internet Of Things) or not? Definitely worth listing to to get up to speed on what is going behind the corporate scene and the direction they are going. It is a Christian based view point, but besides the opening credits it is pretty light on the preaching.

Rick DeWeese
Rick DeWeese
7 years ago

Jack,

The groundwork is being laid for your virtual nation amongst our youth. There are gaming virtual nations all over the place. Runescape is huge. The concept is there and our gamers have already accepted the concept. They already use their own currencies within these environments.

Your dead on that the identification issue is one of the keys. I was talking to it with my son and he understood readily that one of these virtual nations (games) suffers from terrible inflation because they have an “unlimited” gold supply…and therefor unlimited inflation.

You are right, we are close!

Brandon
7 years ago

Jack,
Thanks for this episode. I’ll +1 on what Rick just said, where you said that the key is the govs mandatory harvesting of all our info and ID. THAT is where they can enforce all this stuff. The whole system of pitting us all against each other as consumers instead of citizens united. With that they derive all this credit worthiness based system. No more savers, only borrowers. The thinking is so ingrained, so institutional too. When people get a windfall of extra money they automatically think to lever up instead of pay down with it. There are certain times when it makes sense to lever up, but paying things down have always served me better more times than not. #tspnation.

Bryan
Bryan
7 years ago

I went and listened to this particular podcast on LTBN and you’re right. They are really trying to do a digital upgrade as it were on today’s existing systems. They have not made the paradigm shift.

To be fair, the idea of a blockchain (a distributed global ledger) isn’t so revolutionary as evolutionary in a technology sense. What was revolutionary is that Satoshi Nakamoto was crazy enough to build a currency on it without the backing of any state anywhere and nothing backing the currency. And crazy enough to think that people might one day value it, even more than gold. Created a digital tallystick. But at least with a tallystick, you could pay taxes so that was the backing of the state.

These guys are talking evolution. We are going to need a new Satoshi to build a decentralized virtual nation platform. And I think someone from Swarm City might just be able to get it.

Mark Boland
Mark Boland
7 years ago

I have two comments:

Healthcare – my one sentence healthcare reform plan is : All procedures will have standardized pricing and be listed on eBay”. Here is a great overview of the true nature of the issue.

Federal taxes: True liberty should address the evil of taxation. The fact is the government can only enforce the tax law on a probabilistic way via audits. The likelihood of an audit is very low. I the VN offered “audit insurance” that would allow VN Citizen to keep more of their money by playing “cat and mouse”/”catch me if you can” with the IRS a win win outcome is possible. Allow free people to keep more of the fruits of their labor and hit the police state where it counts – in its wallet.

Mark Boland
Mark Boland
7 years ago
Mark Boland
Mark Boland
7 years ago

with regard to commerce: If the commercial offer was a blockchain with confidential ownwershi and ad display data that it would be able to be displayed by a browser that had no legal responsibility for the offer. (Only the person making my the offer). This would allow for free and sovereign commerce without getting into “Silk Road” type trouble

Just a thought

Scott
Scott
7 years ago

Could you use a company to vet a virtual citizen instead of using the state? For example, coin base already vets it’s customers using the state, with ss# etc. What if a vr nation partnered with coin base to vet it’s citizens. In exchange coin base would handle transactions of the vr nations coins into dollars and vice versa. Maybe assign you two numbers, a coin base acct # and a vr nation id #, they’d be linked together but coin base doesn’t get to reveal the vr nation ID to anyone, like govt. Like a public and private key for identification.