As said in a previous post, I probably won’t have been connected to Threefold Network and Weconomics Foundations if I hadn’t read the first book of Bernard Lietaer (2001). The last book of Bernard Lietaer, Towards a Sustainable World, comes available from the 8th of Decembre.
Kristof De Spiegeleer, the founder of Threefold Network, has co-written the chapter about ownership of data.
Some Threefold IEO (initial exchange offer) News:
Probably you will be one of the first 1000 subscribers for the IEO if you choose to do it in the coming days or weeks. For the first 1000 subscribers, extra tokens are foreseen. The link is here.
A way to distribute Threefold tokens is investigated and prepared. With Threefold tokens, you buy compute and storage capacity. And since 3bot lives on the Threefold grid, Threefold tokens will be useful for every single person. If and only if … more and more organizations will adopt 3bot to interact with their members in their eco-system.
Learning and designing for the value proposition for token distribution is going on: an IEO (initial exchange offer) as a format is in consideration (more about IEO), an ICO (initial coin offer) was previously avoided.
Getting the value proposition for tokens distribution right is the clover model of New Business Models is in action (see picture below). Join the Freeflowpages group if you want to follow-up the work in progress here, every Tuesday at 6.30 PM, there is a zoom call.
There is no FOMO (= fear of missing out) needed. Every single person will get the opportunity to invest by buying threefold tokens. The final value proposition will get announced broadly later this year. For evaluating the value proposition, you need to understand the problem that Threefold is solving and how the Threefold network is evolving. We will be keen to answer your questions.
A ticket for the tube in London is paid with Sterling Pound. Several institutions are at work to keep Sterling Pound stable. We are used to a Sterling Pound with very low volatility. It makes the Sterling Pound and all other FIAT currencies workable. We can use FIAT currencies to exchange good and services.
Space for compute and storage capacity on the threefold grid is paid in Threefold tokens. Threefold tokens are backed by compute and storage capacity: every time a farmer connects/disconnects hardware on/to the grid, threefold tokens are created/destroyed.
Threefold token is a stable coin that will be used to exchange value. Threefold tokens are – by design – created in another way than FIAT currencies and will enforce the total ecology of money systems.
Threefold token is a stable coin thanks to the way it launches the services that will get paid with it. Financial risks for innovation and expansion are reduced. Proven technology gets introduced in a business model underpinned by the threefold token.
The introduction of Threefold grid won’t need a big bang operation. Every community that is in need for compute and storage capacity is able to use or organize a Threefold Coop. Building up a Tube with such organizing model won’t be possible – scaleability was about vertical integration of businesses and mechanistic top down coordination.
The Tube is a typical infrastructure of the industrial age. Fiat money is used to get acces to it. Complementary money systems will be used to get access to the core infrastructure for the digital age.
We become what we behold.
We shape our tools and then our tools shape us.
Threefold Farmers organize themselves in Threefold Coops. A Threefold Coop will engage Threefold farmers. Each farmer brings money in to buy certified hardware (= hardware with operating system Zero-Os and connect to Zero-Robots and Zero-Chain). The hardware gets connected to electricity and the internet bij the Threefold Coop.
The Threefold Coops produce compute and storage capacity and software developers can start to buy compute and storage capacity with Threefold Tokens. Threefold Foundation, Threefold Coops and Farmers will get a portion of the total income.
Threefold tokens will be minted when new capacity is added to the grid by farmers, threefold tokens have an underluying value of compute and storage capacity.
With the mechanism that is described above the digital infrastructure of the future will be owned by many, income will get distributed and the purpose of Threefold Foundation get achieved – decentralized and neutral internet for all.
As income, say and ownership of core infrastructures in society gets reshuffled, society will get reshuffeld as well. Set your sails ready.
P.S.: Contact me if you do have any questions about the funding mechanisms in the Threefold Ecosystem and get prepared.
I should start writing about the role of tokens in funding mechanisms for the core infrastructure for our next level of prosperity. But I first need time to to digest the news of the week: the announcement of the Libra association. It is making useful waves for further adoption of technology, blockchain governance models, financial inclusion and financial stability.
The core fundamentals of Threefold -, FIAT -, and Libra money system infrastructure are different. Different outcomes will prevail. Reflection is needed. Money systems matter and it is getting a matter of choice.
As written in a previous post, the first metro systems used the template of the first railroad companies to structure their business operations. It is copied over and over again. A social contract within society came alive. But does it still serve ?
No, it doesn’t.
The social contract is falling apart on the one hand. And on the other hand we are facing new kind of problems and opportunities. We have the opportunity to co-design a shared and decentralized digital infrastructure and start to reconnect everyone and everything. New money systems are enabling.
A new template for business modelling can be used: 1. communicate an idea within a community of potential co-designers and users; 2. the community will start to work on it and the value creation model will get defined; 3. rules to start up and operate will get programmed for and with the community in the shared digital infrastructure; 4. the money systems are choosen; 5. coordinated action within a community will will create value, actions get registered and exchange of value will happen.
A far more complex paradigm is emerging than the paradigm of the First and Second Industrial Revolutions. In the article below Otto Scharmer describes the shift we are experiencing. It is matter of conscious choice and co-design.
We are witnessing the development of the core digital infrastructure that underpins the emerging story. The core digital infrastructure by itself will get funded in new ways, more about it in a next post.
I already have mentioned in a previous post that I believe that I would never have been connected to Threefold Foundation if I haven’t had read the book of Bernard Lietaer (2000). Bernard Lietaer did some scenario thinking about the potential of the digital age, sustainable prosperity and complementary money systems. Digital Privacy as a condition was already described in his first books.
I connected myself to the project of New Business Models of Weconomy because I wanted to try to connect myself to collaborative initiatives for a responsible digital infrastructure and applications for it (2013/2014). The project was led by Jan Jonker and brought me a lot of new learnings and network.
At this moment Jan Jonker is driving a project on inclusive banking:
What if … The co-working space Bolwerk in De Zuidrand will co-organize a Threefold Coop (read more) and additionally will introduce additional digital tokens to: – take care of the heritage of the Fortress ? – take care of the park around the Fortress ? – take care of the community tasks (hosting, logistics of events) ? – take care of the childeren of the co-workers ? – share professional books ? – get services of other co-workers ? – get services of the co-working space ? – …
The work of Jan Jonker keeps us dreaming and acting. Sustainable prosperity in De Zuidrand is our goal. Organizing well being is what we want together with Teto Foundation.
Coventional money is supposed to be doing everything. By adding in complementary currencies, you actually get different types of things and different outcomes from different complementary currencies
The leadership of VIPE / TITO Foundation are beta users on FreeflowPages. FreeflowPages runs on Threefold Grid and will become an alternative for Facebook. We started an on-line group to facilitate the exploration of new organising tools, like complementary money systems.
Itsyou.online is used to log in Freeflow Pages. Itsyou.online is connected to your own 3Bot. 3Bot manages your own data and workloads on Threefold grid. 3Bot could make a connection to a digital wallet. The innovation space of complementary money is out there.
What if a job is posted in the group and someone commit him/herself to get the job done ? What if that person will get Freeflow tokens in exchange for the time he/she spend ? Will these exchanges support the purpose and mission of VIPE/ TITO ?
We’re going to reflect on these questions. Drop a line to email@example.com if you want to join us in the VIPE/TITO group on FreeflowPages. You’re welcome to explore and learn with us.
You never change things by fighting against the existing reality. To change something build a newe model that makes the old model obselete.