The P2p Currency : Gcredit
From The Gcredit Project
Here the money of the future to exchange progress and social responsability.
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What is Gcredit ?
Gcredit is a person-to-person currency assigned for the social value exchanged: credits are calculated through the Google algorithm. People and companies with high scores publicly gain importance with the same criteria of Google PageRank. The P2P currency can be a powerful tool for exchanging progress in the world.
- One Gcredit is equal to a life saved in the world for one day
1 G = 1 (life saved) / 1 day
It is a unit to calculate the well-being rate and progress function in the world but it is also a way for the world to understand how much people are socially get involved.
The G vector
The Gcredit vector is the unit that expresses how the society
understands the value of life and the way to solve social problems. G
acts in a gift economy as a vector of goodwill to exchange
progress: it is personal in nature, but global in reach. It was
designed to help people express their care for others: a human impulse
that finds no expression in other system.
Bringing the world to the sharing economy
A gift economy is a social theory in which goods and services are given without any explicit agreement for immediate or future quid pro quo. Typically, a gift economy occurs in a culture or subculture that emphasizes social or intangible rewards for solidarity and generosity: karma, honor, loyalty or other forms of gratitude. In some cases, simultaneous or recurring giving serves to circulate and redistribute valuables within a community. This can be considered a form of reciprocal altruism. Sometimes there is an implicit expectation of the return of comparable goods or services, or the gift being later passed on to a third party. However, in what is considered to be in the true spirit of gift economics, many times giving is done without any expectation of reciprocity. The concept of a gift economy stands in contrast to a planned economy or a market or barter economy. In a planned economy, goods and services are distributed by explicit command and control rather than informal custom; in barter or market economies, an explicit quid pro quo — an exchange of money or some other commodity — is established before the transaction takes place. In practice, most human societies blend elements of all of these, in varying degrees.
Money paradox : free is what is necessary for life
- cost of life = L
- cost of necessary goods for life = N
- cost of unnecessary goods for life = U
- α and β are the exchange parameters
money exchanges this values :
- L = αN
- but if N = βU
- then L = αβU
- in particular if α = β = 1
- L = U
- then cost of life is not necessary for life
- but at the same time
- L = N
- that's to say cost of life is necessary for life in our economy
solution to money paradox is to divide the market of necessary goods by the market of unnecessary goods using two different currencies that cannot be exchanged absolutely in any way. G works in a parallel system or "gift economy" and cannot be exchanged with other currencies. G expresses the consciousness unit of the society for the value of human life given as reward to good will people that help for free other people in difficulty.
- Free is what is necessary for life otherwise people cannot be free to live and their life depends paradoxally on unnecessary things that in the long run bring all the system to death. The progress function in the world is limited by unnecessary goods.
Which are the necessary goods ?
Life needs five things for free:
- Food
- Home
- Medical assistance
- Education
G as a realtime map of life consciousness in the world
Algorithms are essential to solve problems.
Social algorithms differs from general algorithms in that they involve agents, and the algorithm is the result of the interaction of the agents.
The ant colony algorithm is an example, with ants as the agents, and used to solve some problem, such as the shortest path or the traveling salesman problem. Social algorithms can used for distributed problem solving as the ant colony algorithm, but need not be.
Google PageRank is a social algorithm (with the googlebot agent) that ranks websites using many criteria, including the number of inbound links, each with a weight which is the PageRank of the referring site (the algorithm is recursive and almost real-time).
The original PageRank algorithm was described by Lawrence Page and Sergey Brin in several publications. It is given by
where
PR(A) is the PageRank of page A,
PR(Ti) is the PageRank of pages Ti which link to page A,
C(Ti) is the number of outbound links on page Ti and
d is a damping factor which can be set between 0 and 1.
Since PageRank defines ranking of sites in a search, it affects many things, and in the last analysis, many people who derive income from the sites. Hence people, who are the agents here, try to modify their site parameters to increase their ranks. This is commonly known as SEO: search engine optimization. This is an example where the algorithm provides rules for the social network, and in so doing modifies the agents behavior or actions. Abuse of the algorithm have occurred, in one case, someone builds websites based on (almost) links only with no content, but manages to get a high PageRank. Such anomalies will be probably be taken care of, as the PageRank algorithm is also evolving.
So applying G to the Google equation giving value to the people which help better it is possible to indentify the main nodes for a fast real-time redistribution of well-being state:
G(A) is G value of subject A,
G(Ti) is G value of subject Ti which brings consciousness to subject A,
N(Ti) is the number of outbound consciousness links on subject Ti and
d is a damping factor which can be set between 0 and 1.
G in the Page-Brin equation is a map and a currency that expresses the cognition level through nodes to solve quickly complex problems in the society and overtake the state of well-being. This algorithm represents the function of social intelligence to solve problem in realtime in the world.
SROI
The Social Return on Investment is an attempt through G to measure the social and financial value created by a non profit, NGO or business. A number of services are now looking at analysing the 'investment' in charities as yielding a social return on investment. An example is Development Ratings which helps private donors evaluate and research charities that work in the developing countries.
SROI is an approach to understanding and managing the impacts of a project, an organisation or a policy. It is based on stakeholders and puts financial values on the important impacts identified by stakeholders which do not have market values. The aim is to include the values of people that are often excluded from markets in the same terms as used in markets, that is money, in order to give people a voice in resource allocation decisions.
- The result is a renewable energy in the system called social consciousness and and social intelligence.
The Global Credit
G keeps track of what tasks volunteers are working on, through a web interface, and their G value is calculated in realtime in a map that shows where help is wanted and where best help could be offered around the globe applying the Google PageRank algorithm. Top Gcredit scores are known as "Global Credit" which is the evolution of "Nobel Prize" assignment for best benefit to the human kind.
Today's World Map of Well-Being
- Watch "the world is us" video