The Language of Value by Virginia B. Robertson

Author:Virginia B. Robertson [Robertson, Virginia B.]
Language: eng
Format: epub
Published: 2022-01-06T00:00:00+00:00

The Risks of Waiting

If we leverage information currency soon by capitalizing assets using tokenization, we will be able to increase the Value that we have worked so hard for by allowing these assets to be seen by the market.

By capitalizing ourselves as individuals and by capitalizing our businesses, we can enable Information Currency. Imagine if every business put every inventory item in the form of a token, and with this also attached every other balance sheet asset in the form of a token to a virtual, published, and digital entity. Imagine attaching every asset that you own in the form of a token. Imagine that in combination with this there existed a proper standard of Value. Then with this you have created a digital, synthetic image of you as an Entity of Value. This process of capitalization by tokenization along with an accepted standard of Value will completely revolutionize the economic efficiency of the world. With this ability to embody Value into our language, we can strategically unhinge our world from the need for a medium of exchange.

To embody Value directly into an entity we simply add the sum of its parts. A business Value is made up of the sum of its tokens of Value. A human Entity of Value is also equal to the sum of its tokens of Value. From here one can see an ability to revert to the ways of the Western barter town. In the Western town, the doctor takes eggs from the farm and there is trust that he will provide services later. The general store gives credit to the chicken farm for feed and then may take in trade some doctor services. Credit is moved directly from entity to entity. But everyone in the Western town knows everyone.

If Information Currency can capitalize entities and if these entities can exchange Value in a similar method to the Western town, then at the scale of the world this could demand that trust rise to an unmanageable level … or would it? We trust dollars knowing that their Value today is worth less than yesterday! But with the help of new technologies such as Bondly (https://bondly.finance) and Paid Network (https://paidnetwork.com) the contracts for exchange and debt relating to real physical goods can be managed with bonds and arbitrated using contract validating nodes.1 Basically, these protocols work when counter-parties post a type of “bond” on the blockchain that is released when the participating, arbitrating nodes agree.

For every creditor in the Western town, there is a debtor. In a bartering economy, debt does not carry the zero-sum game narrative as it does in our financial world. All members of the town are creditors and debtors and the trust relationships allow for the most efficient distribution of debt for the market. There are additional mechanisms in blockchain transaction technology that provide for trusted transactions or insured exchanges when necessary. In addition, once tokenized, the assets can be managed in pools with DeFi platforms to monetize excess Value by moving it into its most productive embodiment.

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