64 lines
3.7 KiB
Markdown
64 lines
3.7 KiB
Markdown
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<h1>All Trust</h1>
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- [A Paradigm of Trust](#a-paradigm-of-trust)
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- [Everyone can be a Service Provider / Merchant](#everyone-can-be-a-service-provider--merchant)
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- [IOUs Enable Trusted Transactions = mutual credit](#ious-enable-trusted-transactions--mutual-credit)
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- [ThreeFold Farmers: Investors in Shared Internet/Cloud Infrastructure](#threefold-farmers-investors-in-shared-internetcloud-infrastructure)
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- [Shared Internet, Network \& AI Services](#shared-internet-network--ai-services)
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- [Guardian Circles: Humans Ensuring Oversight](#guardian-circles-humans-ensuring-oversight)
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***
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## A Paradigm of Trust
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- What if instead of distrusting others, we embrace a paradigm of trust?
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- Our system is built on this principle of trust between all participants.
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- Each actor is represented by a digital assistant (based on our Hero) who helps us to organize our collaboration, e-commerce flows, system administration tasks, ...
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- An Automated Human Chain has the capability to build/maintain a good governance system with greater flexibility compared to Block Chain.
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## Everyone can be a Service Provider / Merchant
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- Farmers define their own pricing policies for their services based on usage.
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- Costs may vary based on compute time, storage quantities, bandwidth, etc.
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- Pricing flexibility creates an open market. Farmers can price based on costs and desired profit margins.
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- Consumers can shop for services based on performance, reliability, location, and price.
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## IOUs Enable Trusted Transactions = mutual credit
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- IOUs (I Owe You) represent agreements between farmers and consumers or for any other Internet / Hero Service
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- Both parties digitally sign each IOU, ensuring consensus on the transaction details.
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- At regular intervals, farmers submit IOUs to the Payment Bridges which are typically operated in a Digital Freezone.
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- This aggregates IOUs and requests payment from the Hero's who represent the buyers.
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- Reputations are maintained on a decentralized ledger to identify any bad actors abusing the system.
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- **Fundamentally, the system relies on trust between participants.**
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## ThreeFold Farmers: Investors in Shared Internet/Cloud Infrastructure
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- Farmers invest in hardware capacity for the Internet and Cloud (web gateways, 5G, etc).
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- This capacity can be used for cloud workloads, AI, web2, web3 or hosting Hero's of project mycelium
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- Smaller farmers join a Farming Cooperative which helps with the commercial and operational duties if needed.
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- Farmers earn rewards when people purchase and utilize the infrastructure capacity they invested in.
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- Their autonomous agents (hero) handle billing, monitoring, support issues, etc.
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## Shared Internet, Network & AI Services
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- People can collaborate (through their Hero's) to deploy shared services
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- Each of those services is co-owned by groups of people and managed through a circular governance system
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- Some examples
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- AI Neural networks / Language Models
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- Internet Connectivity Services
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- Index & Search of Internet Content
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- Oracles for pricing, weather, ...
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- ...
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## Guardian Circles: Humans Ensuring Oversight
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- We believe a Guardian Circle has the potential to be as good as blockchain and more because Guardian Circles still provide human oversight over key decisions when needed, the bulk of transactions run automated.
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- Circles enact decisions when their 9-99 member nodes reach consensus. They manage treasuries, set policies, enable collaboration between regional grids, and more.
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- Their flexibility allows customization by each grid community based on local needs.
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- Circles leverage tools like multisig wallets, OurVerse consensus, and VLang DSLs to codify logic while retaining human checks and balances.
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