The book explores the idea of a decentralized community economy that optimizes for the wellbeing of the individual at its core. It aims to rethink economic systems, focusing on labor and productivity, and proposes an open protocol stack including the ValueCapture Protocol, Wellbeing Protocol, and DAOcommons Protocol.
The book would be beneficial to anyone interested in decentralized economies, blockchain technology, and new models for labor and productivity. It's particularly relevant for community builders, developers, economists, and forward-thinking business leaders.
The book discusses topics such as job and gig platforms, moving towards token economies, the shift from productivity to wellbeing, the concept of self-sustaining communities, and the idea of a wellbeing score as opposed to a credit score.
The book argues that current economic systems overemphasize productivity and capital accumulation, often at the expense of individual wellbeing. The authors propose a shift towards incentivizing wellbeing, with a wellbeing score based on a range of factors including physiology, emotions, feelings, thoughts, habits, and performance.
While the book acknowledges the power of cryptocurrencies for frictionless capital movement, it argues that they have not fundamentally changed the game in terms of value creation vs. value extraction. Instead, it proposes leveraging blockchain technology to create decentralized autonomous organizations (DAOs) and a new system for capturing and incentivizing value with complete transparency.
The OpenProtocolStack is an output of the authors' experiments and research. It consists of the ValueCapture Protocol, Wellbeing Protocol, and DAOcommons Protocol.
The ValueCapture Protocol captures who has done what and the value of what's being done.
The Wellbeing Protocol quantifies wellbeing and incentivizes its pursuit.
The DAOcommons Protocol provides a set of recommendations and rules for building sustainable decentralized organizations.
You can pre-order the book or back the idea by investing in one of the 5000 NFTs to seed the concept into reality. The website also provides access to various communities or clubs which are experimenting with these concepts in practice.
The book's concepts are based on experiments with skill-based communities, interviews with gig workers and industry experts, and primary research on data ownership and the gig economy.
Yes, it will be soon!
The vision of the authors is to create an equitable society where humans can unleash all dimensions of their life through self-organizing and sustaining skill-based communities. Their mission is to offer the best technology and human ecosystem for 10,000 community builders and empower them to be the pillars of the future, equitable economy.
TheInternetOfValue is a research and implementation-based exploration of a decentralized community economy that optimizes for the wellbeing of individuals at its core. It aims to redefine economic systems by focusing on value exchange, wellbeing, and decentralized governance.
TheInternetOfValue recognizes the issues of unethical capital accumulation, inequality, and labor exploitation present in the current economic systems. It proposes a shift towards a decentralized community economy that promotes individual wellbeing and equitable distribution of resources.
TheInternetOfValue introduces the concept of the ValueCapture Protocol, which aims to transparently capture and quantify the value created by individuals. It challenges the dominance of traditional monetary systems and offers an alternative vision where multiple forms of value are acknowledged and exchanged.
TheInternetOfValue places a strong emphasis on wellbeing, moving away from purely productivity-focused measures. It acknowledges that true prosperity encompasses not only financial success but also physiological, emotional, and performance factors. Wellbeing is quantified and incentivized to promote a holistic approach to individual and community flourishing.
TheInternetOfValue introduces the DAOcommons Protocol, an open protocol that enables the building of sustainable decentralized organizations. It fosters participatory decision-making, aligns incentives, and promotes collaboration across diverse skill segments, irrespective of traditional categorizations.
TheInternetOfValue aims to address issues of inequality by redefining economic systems to prioritize individual wellbeing and equitable distribution of resources. By leveraging decentralized governance, value capture, and wellbeing protocols, it strives to create more inclusive and accessible economic models.
Individuals can participate in TheInternetOfValue by engaging in discussions, joining skill-based communities or clubs, and contributing their insights and expertise. By actively participating in the ecosystem, individuals can help shape the future of the decentralized community economy.
TheInternetOfValue leverages emerging technologies, such as blockchain and decentralized protocols, to enable frictionless value capture & exchange, transparent governance, and the quantification of wellbeing. It harnesses technology to create more equitable and sustainable economic systems.
TheInternetOfValue's principles and protocols have the potential for global implementation. However, the specific implementation may vary based on regional factors, cultural contexts, and existing economic systems. Customization and collaboration with local communities are essential for successful adoption and adaptation.
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We're Poor but so many
One from Many
The Internet of Money
BlockChain for Dummies
Wealth Of Nations
Why I'm a Liberal
Jobs Crisis in India
Building the New Economy
Future of Capitalism
Search Frictions & Unemployment
Business Dynamics: Systems Thinking & Modeling for the Complex World
Small is Beautiful
Nonrivalry and the Economics of Data
The Network State
How finance Works
Against the Gods: The Remarkable Story of Risk