The transition from a one-dimensional model of money to a multidimensional model of obligations/resources makes it possible to qualitatively change the social approach. Co-prosperity as getting good for oneself through giving good to all can be a new way of doing things. This is a society for the realization of the potential of people, where everyone is interested in the success and development of everyone.
What distinguishes co-prosperity from existing social models? In short, then -
• Capitalism: how much can be squeezed out of each, to each under an agreement
• Socialism: from each according to his ability, to each according to his work
• Communism - from each according to his ability, to each according to his needs
Co-prosperity offers a different approach: everyone gifts their resources (services) to everyone. That is, everyone, giving their resources, labor, and competencies - to the community, has access to all the resources of the participants and can get back what he needs. It is proposed to implement this through the tokenization of the participants' obligations - the IOU token.
Co-prosperity is when everyone participates in the affairs of everyone. The success of any member of the community becomes a common success. Helping each other becomes profitable.
What does it look like? At first glance – to the cooperative, because there, too, everyone pools their resources, and in exchange they receive shares of the cooperative. However, in a cooperative, the board manages the affairs, this is a centralized structure that can have its own interests (the problem of an intermediary, MITM, "man in the middle”). We eliminate them by programming the distribution of resources directly. That is, everyone can decide for himself whose resources he needs (and keep these obligations), and who's- not, and they can be exchanged with other participants. Chaining algorithms will make such exchanges complex and flexible enough so that everyone can get what they need.
It is similar to a potlatch, only on modern technologies - the contribution (“gift”) of each member to the community is distributed strictly equally among its members.
Can we say that all Coprosperity members receive a basic income? No, basic income is when taxes collected from the most active part of society are then redistributed equally among all citizens. The co-prosperity approach is more like investing - you invest in the development of the community and get the opportunity to receive income from the investments made in the community. So the participant can secure a pension - by investing in community projects.
Participants can form a pool of their resources and start a business, paying off its obligations. They can also transfer the obligations of the business to the community and receive in return the resources of the community members. This is how you can implement a mechanism for transferring business to the community - if the participants form a project, then in 2-3-5 years the initial project team will transfer their project to the community through such “spraying” (airdrops) of project tokens. But in return, it will acquire a portfolio of tokens from all other projects. The team is not obliged to give away all the tokens, it may well keep up to 50% for itself. But 50% must be distributed without fail so that the community is interested in supporting this project. In this way, investment protection is achieved - the founders, initiators of the project, for some time bring the project to the planned parameters and transfer it to the community, and then move on to the next project. At the same time, they either retain a share in their project or receive shares in other projects.
If a team stops giving away their tokens, they stop receiving tokens from other projects.
This is how the commonwealth space is created - projects, and businesses bring profit not only to their founders, but to all community members.
The fulfillment of the obligation on tokens is guaranteed by the reputation of the team. Reputation records are fixed on the IOU smart contract of the team token.
To ensure equal access of all participants to benefits, all obligations that a person gives to the community are divided equally between all participants using a smart contract. The use of distributed ledger technology, blockchain (or blesschain ;) allows you to store all these obligations on distributed servers, thereby increasing their safety and eliminating the possibility of substitution - if the blessing chain is compromised by a “51%” attack, then all obligations will be compromised, which means everyone will lose their investment. As the experience of operating blockchains of Bitcoin and other cryptocurrencies has shown, for this it is necessary to fulfill the condition that the cost of an attack is always higher than the value of assets in the network. As long as the majority (50% + 1 vote) of the community plays fair, the BFT (Byzantium failed tolerance) condition is fulfilled.
This can be implemented like this:
1. All participants initially own equal shares in the general fund in the DAO format and transfer 25% of the projects created in the community to it. Future projects will be financed from the fund. Accordingly, the DAO transfers a proportional part of its shares-shares-units-tokens (hereinafter - tokens) to the created projects.
2. Before appearing / participating in the project, each participant contributes ¼ (~ 40 hours per month - will need to be approved at the DAO) of their obligations to the community, respectively, receiving the same amount from all participants.
1. ¼ of them form endowment communities (need to be approved at the DAO);
2. ¾ "airdrops" among all other community projects, thereby creating cross-pollination and momentum for mutual support.
3. The community smart contract distributes the transferred tokens equally among the number of participants and displays them in the participant's personal account. The participant can withdraw the received tokens at any time, for example, for sale and exchange. Sold (exchanged - etc.) tokens become the property of the participant and are not returned to the system.
In Co-Prosperity, only a part of the resources (25%) is transferred to the “centralized” DAO, and the rest is directly distributed among the participants. The central DAO is needed only at the stage of system launch, to ensure the impact-resourcing of the first projects, with a sufficient set of resources, the need for it may disappear.
The invitation of a new participant is carried out on the guarantee of the existing participant, who bears subsidiary liability for the obligations of the newcomer.
If a participant systematically does not fulfill his obligations or does not fulfill them qualitatively (has a low public rating), then a group of consumers of his resources (services, etc.) of at least 5 participants has the right to vote on the issue of excluding him from the community.