diff --git a/The Internet of Economics%252C the Gajumaru %2526 QPQ Un-White Paper.-.md b/The Internet of Economics%252C the Gajumaru %2526 QPQ Un-White Paper.-.md index e7ae7d5..08f650d 100644 --- a/The Internet of Economics%252C the Gajumaru %2526 QPQ Un-White Paper.-.md +++ b/The Internet of Economics%252C the Gajumaru %2526 QPQ Un-White Paper.-.md @@ -14,7 +14,7 @@ The global economy is not truly global: it is fractured, fragmented and disconne When systemic risk accumulates, as it does and must under these incentives, the consequences are socialised. The response, inevitably, is yet more monetary expansion that restores institutional balance sheets whilst diluting the purchasing power of everyone whose wealth is denominated in the currency being expanded. The vast majority bear the cost of a correction they did not cause, through a mechanism most do not fully understand. -Blockchain was supposed to change this. It did not. Today's distributed ledger protocols mimicked the system they were supposed to replace: fractured, fragmented, isolated. More islands. More bottlenecks. More control points. Over $120 billion in venture capital flowed into ‘blockchain’ projects. They used the language of decentralisation to build more infrastructure and spawned a new, global, unlicensed gambling industry: ‘crypto’. +Blockchain was supposed to change this. It did not. Today's distributed ledger protocols mimicked the system they were supposed to replace: fractured, fragmented, isolated. More islands. More bottlenecks. More control points. Over $120 billion in venture capital flowed into "blockchain" projects. They used the language of decentralisation to build more infrastructure and spawned a new, global, unlicensed gambling industry: "crypto." What is missing in both the existing and nascent blockchain enabled economy is a resource layer that makes adding value more profitable than controlling access. Nobody built it because nobody with capital to deploy wanted to: a resource layer serves everyone, which is another way of saying it serves no one's monopoly. @@ -128,7 +128,7 @@ Without a stable measure, the debasement remains invisible. Without an alternati A non-debaseable currency that actually works changes everything. Not because everyone must use it, but because everyone *can*. Its mere existence creates the measure. Its availability creates the discipline. A genuine, functioning exit forces honesty on those who would otherwise extract without consequence. -Over one hundred and twenty billion dollars[^1] flowed into ‘blockchain’ projects - some building more of the infrastructure that caused the problem, the rest building a casino that profited from it - whilst the fundamental problems blockchain promised to solve remained unsolved. +Over one hundred and twenty billion dollars[^1] flowed into "blockchain" projects - some building more of the infrastructure that caused the problem, the rest building a casino that profited from it - whilst the fundamental problems blockchain promised to solve remained unsolved. We built what nobody else would. The genuine exit that disciplines power. The connector that makes the global economy whole, unlocking the global economy, unleashing our creativity, and restoring our humanity.