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    The human species is rapidly and indisputably moving towards the technological singularity. The cadence of the flow of information and innovation in...
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    Where forward thinking terrestrials share ideas and information about the state of the species, their planet and the universe, living the lives of science fiction. Introduction
    Featuring Powers of Ten by Charles and Ray Eames, based on an idea by Kees Boeke.

    People are shifting their focus to the energy in their work and its impact rather than material they accumulate. Considering what their time is spent doing - rather than what resources are spent having; this is a shift from ownership to experience seeking.

    Concentrations of power in our economy, often come from concentrations of monetary wealth. This economic structure allows for a great imbalance of power. 1% of the world maintains 50% of the wealth. 50% of the world lives on $2.00 a day. As long as a system allows for this type of imbalance, it becomes a system destined to comply to power-law distributions. Disproportionate concentrations of power breed behaviours in humans which are highly competitive and for the most part undesirable. This type of system compels individuals to create win-lose, or zero-sum, situations; themselves against others.

    What if a system could, at its roots, support collaboration, encourage non-zero sum relationships, balance personal and collective action, while also discouraging stagnancy? What if it could be based in a measurable constant that could never be falsely inflated, fractionalized, or twisted through centralized manipulation of the system? Better yet: what if we could grow it from inside the old system?


    We will need to update our monetary system to reflect the new tightly integrated and widely shared infrastructure we depend upon. On our planet with finite amounts of resources and space we must play a win-win game of allocation. Such a system would have to reflect the contemporary values of people, i.e. the way they spend their time.

    A Commoncy note is an electronic device which keeps track of tasks to which you've accepted & delegated. As well, it keeps a constant tally of your influence exerted and capacity remaining.

    Time will be the new Money. More accurately, your time, and other peoples time, are a new form of currency. We all have the same amount, every day. Whether we are rich or poor in dollars, we are all equal in time. This is an incorruptible constant onto which a currency can scaffold it's security and stability. This scaffolding for a new system will be called the Ecommony, and it's measurement will be Commoncy. It will measure what you can do, and what you need done. Everything becomes shared, except our own personal time which will be the basis of the new Ecommony. Commoncy will measure how individuals spend their time to contribute to the commons of human progress. Ecommonics will be the study of how people contribute most meaningfully to this commons.

    How it Works
    There are a few key items in regards to how to measure and trade one's personal time.
    1) Social Influence
    2) Personal Capacity
    3) Ecommony Task Index

    Social Influence Capital

    Reputation is built out of the work you've done for others and how you treat people. The better reputation you have, the greater your influence. People will be more likely to accept task requests from you, and you'd be able to ask more of others, having already proved yourself useful. This type of inflation is actually sustainable! As it expands and contracts it matches the needs of the system. You've been recognized by a distributed body of people as having put more work into the collective, which frees up time for others, which you then have a say in where that time is spent. This is "Social Influence", and it is finite for all individuals.

    Personal Capacity Capital

    Abilities of individuals to get work done is the measurement of their personal capacity. Your personal capacity is finite due to the amount of time in a day, but grows as you become more efficient. This efficiency increases your reputation. This expanding of the pool of human capacity, opens up room for more to get done. As a reward you have the say in deciding where that surplus is spent by putting the request out there.

    Transfer Point for delegating and committing to tasks

    Requests are made by coupling your bill with the bill of the person with whom you are trading. Alternatively, through a network transfer point which links you to tasks on the distributed Common Market (ecommony task index)

    If this sounds like it's a barter economy, its not. Barter is limited to person to person trades. This is about individual and collective resource management. One who has what you need may not be the person who needs what you have! This is a key limit in barter economics. In the ecommony, skills are allocated naturally to the people who can handle them by adding degrees of separation to person to person trading. This transfer of value from object to representation is one key advantage monetary systems gave us and is worth building on. However, there are finite boundaries to what individuals can deliver and request due to the simple capacity and influence structures. Influence and capacity cannot grow to power-law level of difference the way money can. This protects the system from intense aggregation of power. It's natural systemic tendency is to decentralize power with smaller peaks and valleys which proportionately represent contribution.

    Where will it Begin?:

    Some people need this today, the rest of us need it tomorrow. Open-source communities could collectively track the contributions of individuals to a commons, determining the next steps the community will take, then delegating that work to the people most apt to perform, all at once. People within ecommonies will be given a new and amazing freedom: to vote with their time, their ideas, and their work, rather than with their dollars.

    Ecommonies can gain footholds just as nations once did, by taking the people in diverse geographic places and giving them a shared currency to get things done. Ecommonies will instead rally around a set of individuals rallied around an idea (like mozilla) as incentive structures to encourage their constituents to contribute. As multiple Ecommonies spring up, they will join forces allowing the wealth of the group to be shared with the wealth of another. Partnership increasing the power and diversity of each, much as states within nations combine up to a large common good today.

    Closing Thoughts:

    A key acknowledgment will be that this is but one of many systems required for a healthy society. Certain goods and services might always be best traded in a monetary economy. Remember that if all this seems really far out, check and see if you have an Air Miles card or other points based loyalty program. Air Miles is now the 2nd largest currency in the world. These economies are all around us, and can succeed wildly when they reward us for behaviors we enjoy.

    In the future we won't look to monetize our ideas, we'll look to monetime them. Turn them into tasks that others can help with, as we've helped them with theirs. As we understand that all physical resources are belongings of the earth, we will find our roll in collective stewardship of it's resources. Then we will look to manage the most valuable resource remaining in the metaphysical world, to manage our time and ideas.

    We will collectively decide on what needs to be done using technology to augment and amplify one of the most natural social and biological systems: reciprocity.

    Ask, and do. No one is without a say, and no one is without a hand to help.

    Also posted on Prototype, blog of The Movement
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