Gibling, Givecoin and XGiveCoin
Since the crypto currencies, I see two diffrent financial Systems. Since then the term FIAT-currency appears more and more often. FIAT money is our conventional currency (see Wikipedia). The crypto currencies is a autonomous financial market with the Bitcoin on top. I'm not sure if they will improve the financial system. In any case, everything has become much clear and more transparent for me. The human as a weak point in the capital market will be replaced by algorithms. For this reason, I believe that the great era of crypto currencies will still come. Via complex communication, which already runs via Javascript on our Internet browsers, the “Smartcontracts” will automatically be integrated into our Internet behavior. Actually a terrible vision but in my opinion it can't be stopped.
I have looked around at the “Cryptomarkted”. Everything has to be made very professional and resource intensive. A lot of money is put into the marketing of a coin or token. For this you need a huge marketing department that doesn't pass a commercial company. The XGiveCoin is actually a small byproduct of the Infolabs of the Stadtwerkstatt. I developed, tested and launched it just like GIVECOIN 2014 to get an insight into the world of crypto algorithms. The XGiveCoin hasn't changed too much since then, the sources can be downloaded via givecoin.cash, the miners run and the block explorer works. With the marketing we still have to wait for employees who want to invest time in this coin. STWST has a lot of resources but a separate department for the Givecoin ECO system is too expensive for us at the moment. Actually it needs investment capital. Four percent of the XGiveCoin are mined, which we can also contribute.
Yes, the Gibling is designed as a community currency, but is often confused with regional currencies. The Gibling loses value and must therefore be kept in circulation. For this reason it is also incompatible with our Fiat money and forms the counterpart of the experimental field with Givecoin and XGiveCoin.
With the Gibling, Givecoin and XGiveCoin we have actually designed our own ECO system so that values can develop better and faster. We still see the project in the field of art. Art comes from artificial and we want to create artificial values through our ECO-System.
The ECO system consists of:
- The Gibling is accepted by about 80 companies as a means of payment. This forms the basis for a real money-goods business.
- Every person can buy Giblings for Euros.
- Sometimes there is also a 10% discount from Fiat currencies on Giblings. In principle, however, Gibling is always in a fixed exchange rate to Euros.
- Each year the Gibling is designed by a different artist (this year our artist is Peter Weibel).
- An edition has the full purchase value for 2 years, in the following 6 years the value falls to 0 Euros. Therefore the Gibling has to be spent (in circulation). One calls this thereby circulation-secured currency.
- The Gibling is designed as a community currency, but is often confused with regional currencies. The gibling loses value and must therefore be kept in circulation. For this reason it is also not compatible with our Fiat money system and forms as a counterpart the experimental field with givecoin and XGiveCoin.
With the Gibling, givecoin and XGiveCoin we have actually designed our own ECO system so that values can develop better and faster. We still see the project in the field of art. Art comes from artificial and we want to create artificial values through our ECO-System.
The ECO system consists of:
- The Gibling is accepted by about 80 partners as a means of payment. This forms the basis for a real money-goods store.
- Every person can buy giblings for Euros - sometimes there is also a 10% discount from Fiat currencies on giblings. The Gibling stands however in principle in a fixed exchange relationship to Fiatwährungen.
- Each year the gibling is designed by a different artist (this year our artist is Peter Weibel).
- An edition has the full purchase value for 2 years, in the following 6 years the value falls to 0 Euros. So the curreny must be in circulation. The Gibling network alone would revolutionize our Fiat money system if it became big enough. For more info https://punkaustria.at
- On each Gibling one can let print the Privatkey of Givecoins free of charge in STWST. The Givecoins stand in no direct commercial relation to the Fiat or crypto currencies. You can get Givecoins through Giblinge, not vice versa.
- The Givecoin is based on a blockchain which is mined via selected servers since 2014.
- these Givecoins on the giblings are a paperwallet. Via a webwallet they can be integrated into the blockchain again.
- The Givecoins can then be exchanged into XGiveCoins. The XGiveCoins work like all other CryptoCoins and can also be mined.
- The XGiveCoin is a fork from Turtlecoin, Bytecoin or Monero. So it is an anonymous coin where “privacy” has a very special meaning.
- The XGiveCoin is made in such a way that sooner or later it will be traded on the crypto markets and thus returned to the value system of Fiat money…
Mining is actually a very polluting process and absolutely despicable. But at the moment I see no other way to calculate a blockchain decentrally. In our ECO-system you can calculate cryptocoins without mining. The blockchain of the Givecoin is only mined by a selected community and therefore gets by with a weak computing power which is mostly provided by solar electricity. The blockchain of the XGiveCoin is accessible for everyone and can develop openly and freely.
Our ECO system starts with a currency which must be in circulation, which then leads us into the free value system of the crypto currencies. One Block is after the other. So after the Gibling has “expired”, its value consists only of an “art value” linked to the names of the artists. This art value is destroyed by the imprint of the private key and by its use as a paper wallet. These rules of the gibling can also be seen as analog “Smart Contracts”. With the Givecoin as paperwallet, we enter the world of digital “Smart Contracts”.
=== 4 Gibling is now distributed and used from Linz to Graz and Vienna. How many nodes are there now in the network from the Givecoin? and how is it going with the XgiveCoin?
===
Givecoins there are about 20 clients with Webwallet and Blockchainexplorer. Xgivecoin runs currently at 33 clients also with Webwallet and Blockchainexplorer - so still a very manageable network.
=== 5
xGiveCoin can be converted also into Bitcoins and exit the borders of the local community. What are the risks and which the possibilities of connecting a local, regional and community-based currency like the Gibling into a global network?
Can be this seen ===
There is currently only one direction from Gibling towards Xgivecoin/Bitcoin. From the Analog to Digital. Via the Cryptoexchanges the Xgivecoin will move to the market of other Cryptocurrencies. With this exchange rate you can buy giblings again.
These created values want us to be reinvested. In addition to the purchase of new giblings, we would also like to promote other art forms in order to promote the various art genres through an exchange system. Art for Giblings.
Our ECO-System is its own art genre. In the past I would have called it new-media-art, today I would call it process-art.
=== 7
Using Giblings means also disagreeing with the current economic situation and adopting a light parasitic action of the local currency against the status quo of souvernational financial markets and politics regulating a daily tool like money. How do you see this quality also being transferred to the digutal counterpart? ===
Yes, I believe that the gibling or the entire crypto market that comes out of the community can leverage our regulated financial system. The existing financial system is outdated and boring and, above all, only goes in one direction. From the omnipotence of financial market supervision to the users. 25 years ago, the digital age of the media brought a change from the state push media to the pull media of the information age. From the time of the pull media, every user can get his or her information from the Internet when he or she needs it. The financial system works very conservatively and this switch to the pull media has not yet arrived there.
The gibling offers a new currency whch must be in circulation and the crypto market is determined purely by the algorithms.
The Gibling/Givecoin/XGivecoin is part of another system. I don't know yet what the new crypto market will do for people. I don't really believe it, but it definitely allows a look at the capital system. Our eco-system alone is not yet an alternative, but it is a tool for questioning the problems of digital information and the monopoly of value creation. The new added value happens with algorithms via “Smart Contracts”. It is very important to me that we get a foot in the door of the digital world with its “Smart Contracts” in time. Information is becoming an increasingly important commodity and we don't just want to watch how our personal information is traded globally. I see it as my duty to immerse myself in the field of digital value creation in order to be able to continue to actively oppose madness and not become incapable of action.
Our generation has experienced a lot, we are in the middle of a paradigm shift in the history of evolution.
Digital decisions are certainly superior to analog decisions in the long term. In the analogue world, it is still people who decide the information system that has been created over millions of years by nature. This is not a bad system, but many decisions are guided by feelings stored in the genes. In the digital world, logic, mathematics, which we also all perceive as true and correct, decides. This situation will bring us into decision difficulties in the future.
=== 8 - More in general
Proof of Work, Proof of Stake, Proof of space … Can you talk about your concept of “Proof of Chaos?” ===
hhhhhhhh, yes the “proof of chaos” …
A winged thought based on a reflection on life. Entropy is related to information. Information is in relation to evolution. Evolution is only aimed at further developing information. We need entropy to keep our free will. Therefore entropy belongs protected within an information system (evolution). Information is always directed against entropy. The negEntropy. Modern operating systems have therefore also built in an entropy value (/proc/sys/kernel/random/entropy_avail), which they must obtain from “outside” and use mainly for encryption. Proof of Chaos would be a method to “store” entropy in a block chain. It could be used to store time without information. It is nothing more than an inspiring thought around the free will and the storage of the present.
Information ist ein mächtiges “Etwas” in unserem Universum. Es deutet viel darauf hin, dass unser Evolution nur dazu da war um über die Entwicklung des Lebens Information zu speichern, sie weiter zu Entwickeln. Nun sind wir an einem Punkt angelangt an dem sich Information von den biologischen Speichern löst und nur mehr von Algorithmen verwaltet wird. Ein neues rein mathematisches Zeitalter bricht an. Der Mensch war der letze Wirt um dieses Zeitalter zu erreichen.
Der zweite Hauptsatz der Thermodynamik steht wie ein Fels in der Brandung. Dieser besagt, dass die Entropie im Universum immer zunimmt. Wir sind mit unserem Leben auf der Erde nur ein kosmologischer Sonderfall. Ein geschlossenes System der Evolution in dem Leben(Information) aus Entropie geschaffen wird – die Entropie nimmt hier ab. Das Leben verdrängt Entropie. Wir wissen aber nicht was passiert wenn die Information das Leben und somit das geschlossene System verlässt. Die Entropie ist also die Quelle für alles und viel kosbarer als alles andere.
Wir können nur mit Algorithmen in dieser neuen Welt Spuren hinterlassen.