Jack,
It's difficult for me to discern specifically what your point is. I gather you might be expressing certain misgiving as to the usefulness the proposed Virtual Currency system might offer society. All concerns, regardless of whether I understand them are not, are nevertheless valid concerns. I also want to make it clear here that the Virtual Currency system is still under development, at least as I continue to work it out in my noggin. I would therefore expect... I would hope to hear legitimate concerns some might express here. Correct me if I'm wrong but I gather you are expressing concerns that the proposed Virtual Currency system might result in making society too compliant. I gather you're concerned society would lose its competitive edge and to evolve into something better. If that is indeed your concern I would disagree. The Virtual Currency system is designed to promote competition among its citizens. It's designed to promote continued innovation. Those who possess the drive to "innovate" will tend to end up generating plenty of surplus credits for themselves. The last thing VC wishes to see happen is the death of competition among its citizens. If that were to happen the VC system would prove to be useless. A fundamental principal driving the Virtual Currency system would be to promote the continued evolution of innovation through economic stimulation. To do this, Virtual Currency seeks to make sure that the over-all liquidity of "currency" within the economy remains accessible. This includes access to adequate currency for both enterprising individuals and corporate entities possessing strong instinctive drives to improve over-all condition of life. At present, when money begins to dry up within the economy, as what typically happens during depressions and recessions, it becomes increasingly difficult for start-ups and new enterprises to get adequate funding. Compounding the problem recessions and depression are the worst time for innovation to start "drying up." Angel investors become wary, or even lack adequate surplus cash to lend out to start-ups. When cash dries up it tends to produce negative economic feedback loops. Innovation suffers. The Virtual Currency system hopes to ameliorate these negative feed-back loops from turning into economic epidemics by ensuring that adequate currency is available to anyone who has already achieved prior successful track records in business enterprises & innovation. But currency would also be made available to anyone new on the block that has nevertheless put together a sound-legitimate business plan. Keep in mind that virtual funding isn't a free-for-all. Decisions would have to be made as to who or what enterprise gets funded and who will have to wait. Much of the decision making process might come down to a determination of the availability of both labor and talent willing to work in new enterprises. IOW, if everyone is currently working at their fullest capacity, there is very little practical point in funding a whole bunch of brand new unproven enterprises if it has been determined that there will be insufficient surplus labor available that might choose work in them. OTOH, if certain sectors of labor start saying, yes, they DO want to work in those new areas, well then, CC might reconsider a few of the proposals. Will all of these brand new virtually "funded" innovation/business plans succeed? No, of course not. OTOH, the failure rate is not likely to be any worse than the current failure rate. The overall failure rate might actually turn out to be less devastating because more individuals with legitimate plans (and proven prior track records) might get more chances to step up to the plate and bat. When more enterprises get the chance to "try out", it statistically increases the probability that there will eventually be more home runs. Competition and challenges continue. Evolution is maintained. Regards, Steven Vincent Johnson www.OrionWorks.com www.zazzle.com/orionworks
