Knowledge is stored, transferred and applied by unique people with unique experiences in dimensions of space, time, context… and the 6 known natural senses.
The resumé attempts to convey this complex asset by reducing it down to 2 dimensions to fit on a PDF file.
A computer reduces the resumé to imperfect keywords before passing it through filters for upload to the hiring team.
This isn’t how people are found, this is how they are lost.
The problems of the future can only be solved by diverse and strategic combinations of knowledge assets.
The Ingenesist Project uses game theory, blockchain, and artificial intelligence to convert intangible assets to a more tangible form. So that people can find each other.
Nobel Economist Robert Solow calculated that 80% of economic growth is the result of advances in technology. This Makes sense. Technology makes us more productive.
However, GDP measures the products, not the producers. Engineers, Scientists, and Technologists are responsible for ideation, design, and implementation of new and improved technology.
Unfortunately, Engineers, Scientists and Technologists are classified as “intangibles” Intangibles are, in turn, classified as expenses to be minimized, not investment to be maximized.
Here’s the good news… 80% of the true global economy is simply hidden from view. Trillions upon trillions of dollars are sitting on the table waiting to be measured into existence. Can you see it?
The Ingenesist Project uses game theory, blockchain, and Artificial Intelligence to convert Intangible Assets into a tangible form.
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Analysis
The purpose of this video is to synthesize the simplest interpretation of value and test that against prevailing economic principals. Engineers, scientists and technologists are treated as EXPENSES, let that sink in. If they are not assets, then they are LIABILITIES… full stop. This is a clear, present and vastly consequential flaw that must be addressed by someone somewhere.
Otherwise, if there is no institution willing or able to defend this flawed economic principal, then it is super-vulnerable to disruption. We need to maximize innovation, not minimize innovation. There needs to be a wholistic and systemic approach to solving problems in the world. We must head off global systemic risks. As clever and experienced as the VC community is, they cannot be expected to pick and choose winners and losers in the next economic paradigm.
There is far more ‘money to be made’ by shifting engineers, scientists, and technologists to the ASSET column of the global balance sheet.
A firefighter is worth millions of dollars per hour preserving lives and property… but only when there is a fire. A Fire Protection Engineer can design thousands of buildings that will never burn.
In the absence of a fire, the true value of the Scientists, Engineers, and Technologists is invisible. But the value of their economic contribution continues to persist.
What if we could measure the true value of intangible assets into present value existence. A massive new asset class would be unlocked.
The Ingenesist Project uses Game Theory, Blockchain, and Artificial Intelligence to convert intangible assets into tangible form, at scale. There is no shortage of money, only a shortage of imagination.
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Analysis
The purpose of this video is to demonstrate how engineers, scientists, and technologists remove RISK from complex systems. Risk is directly correlated to “return” and, therefore, profits.
So what happens to all of that value that a single diligent engineer creates when they remove all of the risk? Is it paid to the engineer? no. Is it returned to the non-victims of the calamity averted? no. Is captured by the the banking system as some form of arbitrage? Yes, absolutely, yes.
This is the deep dark secrets of finance. Don’t let the engineers, scientists, and technologists know that they are paid 2-20% of what they are worth. They may want free stuff like healthcare, job security, or royalties, or else they’ll go build something else that pays better social dividends. Can’t have that.
Obviously the question becomes, what happens when there are no more engineers to eliminate risk? There is a tipping point and we are dangerously close to approaching it. These things are easy to measure, assess, and resolve but there needs to be an institution able to secure material facts and assert the economics of those facts.
What if there was a tiny and nearly imperceptible flaw in Market Capitalism that could be easily corrected? To do so would solve many of society’s most pressing needs without disrupting the institutions upon which we depend.
Technological change must always precede economic growth. We are going about the business of civilization as if economic growth must always precede technological change. It’s like driving a car while looking through a mirror. In other words, money is not the cause of innovation. Money is the result of innovation. The implications of this tiny flaw impacts everything from Climate Change and Social Equity to Venture Capital and Global Debt.
It started with classical economic theory. In the 1700’s economic inputs such as Land, Labor, and Capital were easy to measure. The products that resulted from these inputs were also easy to measure. However, in the 1700’s; social, creative, and intellectual inputs by humans were not so easy to measure. Accountants call them intangibles, but they are simply “invisibles”.
Today, this is an easier problem to solve. Ironically, technological Change has brought us new ways to measure intangible assets. All we need to do is convert them to a tangible form. The resulting economic growth will far exceed global debt because there is no such thing as “not enough money to innovate”. Together we can correct A Tiny Flaw
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Analysis
This is largely the initial video in the series and the first that we published. Attention should be drawn to the idea that maybe there is a tiny flaw that can be easily corrected. Instead of trying to solve every single problem that is strangling civilization as we know it, we could solve one single problem and the other problems will solve themselves.
The question becomes: are we too vested in our misery to even consider such a possibility? Are we so narcissistic to believe that our particular problem is the one that must be solved even if it worsens someone else’s problem? Are we all expecting the “other guy” to change and that will make your world work? Good luck with that.
The flaw is no tiny, so hidden, yet so obvious that it defies the imagination. All we need to do is measure ourselves differently. Who is stopping us from doing this? nobody. What law says we can’t do this? There is none. And if we do correct the flaw, who suffers? No one.
A Knowledge Inventory System; The Ingenesist Project
Have you ever wondered why the credits at the end of a movie are printed so small and scroll by so fast? The credits are not there for your benefit. The credits exist for the benefit of the movie industry.
Film production is a highly intellectual, creative, and social enterprise. In other words, Hollywood is denominated by knowledge assets. The rolling credits serve as a knowledge asset inventory system for all things needed to make the next movie.
Everything revolves around being on the credits or being known by people on the credits. This is how people find each other. The rolling credits make this possible. Not unlike a blockchain, in order to cheat the system, one must alter every instance of the celluloid reel or digital file.
Engineering, science and technology are also social, creative, and intellectual industries fueled by knowledge assets. Not unlike a blockchain, engineering processes are irreversible and immutable.
When we look at a sturdy bridge, or magnificent structure, or a brilliant piece of software, there is no easy way to find the people who are responsible for a specific element of that work. The Ingenesist Project uses game theory, blockchain, and Artificial Intelligence to create a knowledge asset inventory so that Engineers, Scientists, and Technologists can find each other.
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Analysis
Engineering and science have long been compared to the Arts as a creative profession. The point of this video is to demonstrate how other creative professions deal with the intangibles gap. While the Hollywood system has its own set of pros and cons, the comparison is worthwhile. Notably, the arts often compensate creators with “royalties” while engineering, science, and technology most often pay hourly wages.
In addition, there are comparably fewer barriers, silos, or human resource management hurdles to navigate for artists. They don’t attempt to reduce a 4-dimensional performance down to a 2-dimensional CV/resumé. Instead, they can submit the 4D performance as their resumé. A great deal of efficiency is retained.
An Algorithm For Innovation; The Ingenesist Project
A useful definition allows people to identify, replicate, or measure the subject being defined. Yet the best definition we have for Innovation is basically, “You know it when you see it”.
How can we sustain our world if we cannot even define the sole instrument of change?
Have you ever had an epiphany? That ah-ha moment that comes from deep within… …when suddenly your knowledge about something grows exponentially within a very short period of time? Let’s call that “innovation”, where one large innovation is comprised of many smaller innovations.
In order to measure innovation, all you need to do is measure the rate of change of knowledge with respect to time. You don’t need Calculus to recognize this as an algorithm for innovation … but it helps.
If that idea doesn’t change the world, nothing will.
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Analysis
Innovation is a great mystery that does not need to be. Everyone innovates – it is necessary for survival. Yet the magic and mystique of the innovator is a cultural phenomenon that forms the foundation of tech social status. Innovation is denominated in money – if you are not flush with cash, then you are not an innovator. Only VC can be innovators due to their ability to navigate financial markets. It almost seems that the more difficult it is to identify something, greater scarcity can be assigned to it. With greater scarcity come greater value. Again, when we become vested in our own misery, progress grinds to a halt.
This is all quite counter productive.
The problems of the future will require innovation, creation, new ideas, and vast execution at an astonishing scale. In order to achieve true economic sustainability, we need to a metric to denominate true value, not propped up scarcity value.
It is relatively easy to create and measure where high rates of change are occurring in a community or society. It is then relatively easy to observe what innovations take place as a result. This isn’t exactly a unicorn farm, but you probably can’t have a unicorn without these conditions in the first place. It is then only a matter of memorializing these conditions in a tangible form.
Innovation is not linear Modern civilization did not begin 10,000 years ago with 250 Trillion dollars sitting in a box somewhere in the desert.
Money was measured into existence as a function of the things that scientists, engineers, and technologists built. Innovations such as the wheel, wedge, and lever came long before the invention of International Trade Agreements Innovations in machinery, transportation and energy enabled advances in sanitation, healthcare, and computers
Yet, the wheel, wedge, and lever are more important and more widely applied than ever. Wouldn’t it make more sense if we developed a monetary system backed by the dividends of innovation rather than the gravity of debt?
The Ingenesist Project uses game theory, blockchain, and artificial intelligence to measure the true economic contribution of engineers, scientists, and technologists.
The Ingenesist Project Uses Game Theory, Blockchain, and Artificial Intelligence to convert intangible assets to a more tangible form.
Part One: Observe The game is based on a system of claims and validations among a population of players.
Part Two: Measure Blockchain acts like a giant datalogger that captures time-value data of game transactions.
Part 3: Predict The Percentile Search Engine predicts the likelihood various combinations of players would produce novel outcomes.
These three applications acting together create a virtuous circle that converts intangible assets into a more tangible form. Join The Ingenesist Project
Analysis
In almost every video, we make the statement that The Ingenesist Project uses game theory, blockchain, and AI to make intangible assets more tangible. This sounds pretty complicated, so how do you explain it in under a minute? The audience deserves to know how we intend to deliver on the promises that we are making.
The answer to this, and almost every engineering or scientific problem, boils down to making observations, measuring outcomes, and predicting future results. The same should be true here.
We’ve also stated that engineers remove risk from complex systems. Risk assessment follows a similar sequence; first you need to identify the risk exposure, then you need predict the likelihood it will manifest, then you need to measure the consequences of the event.
The game sets things into motion, the blockchain records the motion, and the AI reads the recorded motion and predicts the next point on the curve.
So what may seem like a very complicated and jargon laden geek storm is actually an extremely simply set of tasks that almost everyone already practices in the professional lives. Why reinvent the wheel?
To borrow from a famous quote: “Uber, owns no vehicles… Google and Facebook create no content… Alibaba holds no inventory… Airbnb owns no real estate….” But they have a combined value of almost 3 Trillion dollars. This is very interesting.
Whereas most companies are priced according to strict financial performance, Network platforms provide a virtual bridge that connects people to each other. They are priced proportional to the square of the number of human connections they serve.
This is known as Metcalfe’s Law of Network Value. If network platforms create a virtual bridge connecting people, why can’t we value real bridges using Metcalfe’s law? Why can’t we value roads, airports, buildings and all manner of engineering, scientific, and technological infrastructure as proportional to the connections they serve?
The Ingenesist project uses game theory, blockchain, and artificial Intelligence to convert intangible assets into a more tangible form. Join The Ingenesist Project
Analysis
We often say that Engineers, Scientists, and technologists need only to measure themselves differently in order to become “more tangible”. Most people’s eyes glaze over as if we’re living in some fantasy world. This video demonstrates that principal exactly as it happens with network platforms that are popping up everywhere around us. Really, we’re not making this up.
Metcalfe’s law arose from the telecommunications industry to measure the utility of telephone connections. The value of the network grows exponentially with the number of points in contact. Let’s start by saying that telephone networks themselves are a creation of engineering and scientific professions.
The engineering value of a bridge is equal to it’s replacement cost – so that’s what they pay engineers to create one. However, the economic value of the bridge includes every transaction, truck delivery, soccer game, doctor appointment, and math class that resulted from the ability for 10,000 people per day to cross the river.
Facebook, Google, Alibaba, AirBnB, et al, could not exist if they were valued according to their replacement cost. Imagine what amazing works of engineering, science, and innovation are non-existant today only because it is valued incorrectly.
As the saying goes, money makes the World go around. This may not be entirely true.
Where risk is high, the cost of money is high. Where risk is low, the cost of money is low. Engineers, scientists, and technologists specialize in removing risk from complex systems. So, why is there never enough money to mitigate the world’s most pressing risks?
Fortunately, all we need to do is reorganize engineers, scientists, and technologists and the money will surely follow
The Ingenesist Project uses game theory, blockchain technology, and Artificial Intelligence to reorganize the engineering and scientific professions.
This video poses a legitimate question. If there is money to be made by mitigating risk, why are Engineers, Scientists, and technologists classified as expenses (liabilities), and not assets on global balance sheets?
It’s amazing how vested we are in this staggering little flaw in market Capitalism.
Solving the problems of the future will require humans to innovate at an astonishing rate… … far greater than anything our existing economic system can support. In order to achieve this, there must be a fundamental shift in how knowledge assets are measured, curated, and exchanged.
Today, a traditional bank distributes money backed by your promise of FUTURE productivity. Innovation is also a promise backed by FUTURE productivity. Two currencies backed by the same underlying asset are readily convertible.
In the future, an Innovation Bank, would issue currency backed directly by the true value of innovation. All we need to do is measure ourselves differently.
The Ingenesist Project uses game theory, blockchain, and Artificial Intelligence to convert intangible assets into a more tangible form.
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Analysis
The Innovation Standard is a reference to the Gold Standard or the Debt Standard, or the Oil Standard, etc. Whatever the standard, it needs to represent human productivity or else nobody would work in exchange for it (think about that for a sec).
The problems that face the world are global and they are systemic. That means that free markets technically don’t exist and the next thing that needs to be produced is the thing that society needs. Sure everyone wants a new Lambo, but it’s not very useful if the roads are too rough to drive it. Sure.Bitcoin is awesome but it’s contingent on a reliable energy grid. Sure, I love AI and much as the next geek but who’s going to read my content if they lack education to act on it?
Money as we know it just does not move fast enough. It does not represent the true productivity of Moms and Dads, soccer coaches, engineers, Scientists, teachers, and event organizers. Money needs to be produced as thenet sum of productive human behaviors. People know what problem needs to be solved next and if you give them the tools to fix things, they will.
Competition is one way of arriving at the optimal solution to a problem. Some call it the “Law of Nature”, survival of the fittest – where the final score can only be One to Zero. Unfortunately, in order to feed the winner, we must cultivate suitable losers. Evolution is slow and inefficient as a business optimization tool.
The laws of Nature provide infinitely more examples of collaboration than competition. Even if one player does not win today, their capacity to innovate remains to continuously improve the game for everyone later … if we let them.
The Ingenesist Project uses game theory, blockchain, and artificial intelligence to convert intangible assets into a more tangible form. Join The Ingenesist Project
Analysis:
This video acknowledges the value of competition as a solution optimization tool. So competition is not being called into question. However, a different problem involves preserving the knowledge, innovation, and wisdom that was created in the act of competition so that they can be developed in future or tangential problem solving environments.
Economics is the science of incentives which invariably invokes the discipline of game theory. we do have complete control over how a game is played, how players are preserved (or destroyed) and how equity is distributed. As such, we have complete control over the sustainability of the game which is ultimately in the best interest of everyone.
The conclusion is that a game which maximizes the health and welfare of the players ultimately maximizes the value of the game.
A bank won’t lend money to a project that is not insured. An insurance company will not underwrite a project that is not properly engineered. Engineering projects need to be financed to cover the cost of design and construction.
This is the Virtuous Circle of economic development. If any part of this cycle is broken, incomplete or corrupted, economic development fails.
Financial institutions simply issue paper receipts called “Money” to represent the actual things that engineers, scientists, and technologists create.
Money is, in fact, the intangible asset and engineering is the tangible asset! We’ve gotten it backwards.
When a virtuous circle reverses itself, it becomes a vicious circle. This is where we are today Fortunately, this is an easier problem to solve. The Ingenesist Project uses Game Theory, Blockchain, and Artificial Intelligence to reverse this vicious circle.
The purpose of this video is to introduce the big picture of how the Innovation Bank will integrate with existing financial networks to make the production cycle more efficient and more responsive to systemic risk.
The point of this video is to isolate the idea that our global economy is an interrelated system with 3 critical components that must be integrated and operating at peak efficiency in order for the economy to serve global citizens equitably.
The challenges of the future will require humans to innovate at an astonishing rate – far more rapidly than our current financial system can support. There is no way that Venture Capital – our current “best bet” – can respond to the speed, breadth, and depth of technological change.
The problem ahead is systemic risk. It is not possible for a collection of competing VC to pick the winners and the losers of the next economic paradigm. Unintentionally, the the VC system may cause more damage than good.
This idea is useful for when we introduce the game, blockchain, and AI components – the blockchain serves as a check valve that allows the virtuous circle to spin in only one direction. The game mechanics provide the energy to keep the virtuous circle spinning in the right direction, Augmented Intelligence will help identify what components of the system are operating optimally so that innovation can be applied correctly.
Decentralization is the rallying cry of the Blockchain Movement.
Few people realize that the Science, Engineering, and Technology professions are already decentralized. Unlike Banking and Finance, there are no all-powerful incumbents that must be vanquished. And the laws of Nature already apply to everyone.
Instead, Scientists, Engineers, and Technologists are contained by innumerable silos that have little to do with the Natural Laws We are segregated by jurisdiction, academia, ontology, corporations, politics, Trade Groups, Societies, international borders, and much more.
We represent 5% of the workforce but are responsible for 80% of economic growth. But collectively, we are weak, disorganized and powerless to prioritize the needs of our World. The only thing standing in our way, is ourselves. This is a much different problem than decentralization.
The Ingenesist Project uses Game Theory, Blockchain and Artificial Intelligence to remove the silos that divide us.
Analysis:
The single point of this video was to introduce the distinction that a centralized institution and a collection of compartmentalized institutions may have similar characteristics to the participants, but are not the same thing. The former is far more difficult to disrupt while the latter is entirely vulnerable to disruption. This represents a huge opportunity for those who can see the distinction.
This idea plays a central role in the execution of The Innovation Bank. Where many see a stone wall of resistance to change, there may actually exists a paper veneer.
Have you ever wondered why a soccer goal has a net? The purpose of the net is to provide a visual contrast so that 50,000 observers can immediately reach a consensus that something very important has happened.
After that, a digital token is awarded to the team that scored a goal. The digital token also secures valuable business intelligence like game strategy, player stats, league standings, revenue, and everything else.
However, the consensus is by far the most important part. With the consensus, a player can make a lot of money. Without the consensus, they are invisible. With the consensus, the community can invest in a new stadium. Without the consensus, we can only play at the school yard. With the consensus, the economy flourishes. Without the consensus, it fails.
Lots of crypto projects have these same pieces. But mostly, they are mixed up. The Ingenesist Project uses Game Theory, Blockchain, and Artificial Intelligence to secure community consensus.
The world is facing increasingly systemic challenges that pose significant threats to the global economy. The risk of a catastrophic event in one part of the world triggering widespread instability or collapse is now more imminent than ever. This isn’t merely a political issue; it’s an engineering challenge with the potential for a straightforward solution.
Insurance plays a vital role in ensuring the smooth operation of the global economy by providing a steady financial backbone for its builders, innovators, and participants. However, insurance can only function effectively when we have a clear understanding of known risks, their probabilities, and the consequences of potential losses. This underscores the critical importance of curating accurate and validated information about the physical state of the world.
The Domain of Engineering
Engineers, fundamentally, are professionals dedicated to reducing risk in complex systems. Interestingly, their analytical methods bear a striking resemblance to those employed by actuaries in the insurance industry. This highlights that the task of mitigating global systemic risk hinges on harnessing the expertise and observations of global engineers, scientists, and technologists.
The Age of Disinformation
In the information age, the business model predominantly revolves around collecting, manipulating, and leveraging information. Sadly, there are limited incentives to curate and verify accurate information. It’s worth noting that the absence of information can be as detrimental as false information, and both are considerably cheaper than producing and validating factual information. This is where the financial system faces significant challenges.
Converting Intangible Assets into Tangible Assets
One of the most pressing issues facing society today is the misallocation and confinement of engineers and scientists within various silos, such as academic institutions, political boundaries, corporate structures, arcane ontologies, and other factors unrelated to the natural laws equally affecting us all. Their knowledge is often categorized as “intangible assets,” not because it lacks substance, but because it’s challenging to quantify. Imagine if there were a quick and straightforward method to measure these intangible assets, transforming them into “tangible” assets, thereby creating a new asset class significantly more valuable than traditional assets.
A Straightforward Solution
The Ingenesist Project, a nonprofit professional network, is developing a platform designed to measure intangible assets and render them more tangible. Through the utilization of game theory, blockchain technology, and artificial intelligence, credible individuals make claims about the physical state of the world, which are then validated by other participants on the professional network. This dynamic process creates a validated and easily measurable large language graph, from which valuable AI business intelligence can be derived. Participants receive electronic tokens for contributing to this immutable native blockchain. The global insurance and finance industry can access this powerful network graph by purchasing tokens on a third-party clearinghouse from those seeking to sell them, with token value determined by market supply and demand.
Vast Consequences
By introducing this innovative framework, a new set of incentives can be established, making truth more profitable than fiction, at scale. The barriers that have traditionally separated engineers and scientists will no longer obstruct the curation of information essential to the insurance industry for crafting effective and socially impactful insurance products. This platform operates under a set of rules that apply equitably to all participants, eradicating corruption and unnecessary friction. Crucially, it provides the insurance industry with a reliable baseline of data to train AI models accurately, ensuring they operate in the right place, at the right time, and at the right price.
Visionary Leaders
The Ingenesist Project seeks sponsors to expedite the development of the “Innovation Bank.” Additionally, directorships and governance positions are available for visionary leaders in the insurance and engineering fields who recognize the potential of this groundbreaking initiative.
The Innovation Bank is a novel method of business related to the integration and capitalization of knowledge assets. The Innovation Bank is an application of game theory, actuarial math and a simple native “proof-of-stake” blockchain. The system aims to unify the global engineering and scientific disciplines by incentivizing individual practitioners to form knowledge asset networks among each other by producing claims and validations related to physical, measurable, and observable facts. Each claim and associated validation forms a node in a network for which each participant is awarded a cryptographic token memorializing earned stake (equity) in the system. A secure, validated, and decentralized knowledge repository and access management system is secured by a simple native blockchain. Revenue is generated through the liquidation of earned tokens on an external market to third parties seeking access to network metadata for business intelligence. The intrinsic value of the network grows as the number of participants increases. As participation increases, the quantity and quality of the transaction records also increases. Third-party buyers may include banks, insurance companies, and private enterprise.
The WIKiD Tool algorithm provides a mathematical framework for analyzing dynamic data related to social interactions in a network and memorialized on a Blockchain. This example uses an analogy to the position / velocity / acceleration equations that some people may remember from their school days.
These types of relationships are important for measuring things like innovation. Ask any VC for a definition of Innovation and they’ll probably say “I’ll know it when I see it” or “it’s a good idea with an economic outcome”. Neither of these things are measurable until long after the innovation occurs which is not practical. However, if we could measure something that is closely related (correlates) with innovation, perhaps we could use that to measure the thing we can’t see.
A similar thing happens on Wall street – how do you measure consumer confidence? Financial analysts noticed that the price of some commodities track closely with consumer confidence so they use that as a proxy for the thing they cannot measure directly. This is called a derivative – something whose value is derived from the value of something else. Suppose we use the same idea to measure things like Wisdom, Innovation, Knowledge, Information, and Data (WIKiD)?
As engineers interact with each other to form transaction records, the blockchain records the chronological order of every event, so we can now correlate all events with respect to time. The connections that are made may be analyzed for both quantity and quality (magnitude and direction). We can now use common mathematical tools from finance and physics.
We have established that the blockchain records the time function for
all events to an immutable ledger. In order to represent vector
magnitude we’ll follow a well known analogy to the
displacement-velocity-acceleration formulas from physics and associated
Calculus.
WIKiD stands for:
(W) = Wisdom (I) = Innovation (K) = Knowledge (i) = information (D) = Data
Data: In general, we can define data as points
placed on such a coordinate system. Each point defines a position in
space and the time where an event is recorded. The distance between data
points can be called “displacement”, because of the relative distance
between the points. In the simplest sense, we can see that Data (D1) and Displacement (D2) share an analogy.
Information: When you draw a line connecting two points, or you draw a line approximating a cluster of points, the slope of that line on a graph provided information about the phenomenon under observation. Is it getting larger slowly? Is it getting smaller rapidly? In essence, the slope of the line represents the rate of change in displacement with respect to time and gives the observation its “velocity”.
This may be represented by the relationship simply stated as:
i = dD/dt
Information is proportional to the rate of change in the data with respect to time
It should be clear that we are defining ‘information’ as a derivative
of ‘data’. a derivative in physics is the same as a derivative in
finance, that is “something whose value is derived from the value of
something else” That said, we now proceed down the latter of
derivatives.
Knowledge: The analogy between velocity and
knowledge is intuitive. Knowledge is a phenomenon that may be modeled as
the derivative of ‘information’. Strictly speaking, the value of
knowledge is derived from the value of the information from which
knowledge was created. It is intuitive that one accumulates knowledge
over a long period of absorbing information and integral data. Education
is the process of absorbing information from a printed page or screen,
and combining that with other previously accumulated information to form
knowledge.
Hence, the following relationship holds and is simply stated as follows:
K = di/dt =d2D1/dt2
Knowledge is proportional to the rate of change of information with respect to time
Innovation: The analogy between acceleration and innovation is also intuitive but a little more difficult to put to words (that is why we use equations). Consider an child who is knowledgeable in riding a bicycle on pavement. Suppose that the child, for the first time, encounters sand on the pavement while also executing a sharp turn. During the ensuing deceleration, the child experiences a very high increase in knowledge about their environment within an extremely short period of time. In any case, the child is forced to innovate a solution. Likewise, the motocross racer is constantly innovating to adapt to the conditions of the track. You can read a book about riding bicycles, but none can adequately describe the moment when the child must create the experience anew.
For the fact of innovation, we provide the following relationship simply stated as follows:
I = dk/dt = d2i/dt2 =d3D/dt3
Innovation is proportional to the rate of change of knowledge with respect to time
Innovation Example: One of the gross errors that we make in business is due to the inability to differentiate an economic event from it’s constituent physical parts. The classic example is innovation; Venture Capitalists often describe innovation as a new idea that has an economic outcome. This is problematic because innovation is defined with one equation having two unknowns. This is mathematically impossible to solve, except by laborious and expensive iterations.
The rational (mathematical) approach would be to test and observe
high rates of change of knowledge in a community and use that as a proxy
to identify the presence of innovation (as defined above). After that,
the community may be tested for economic outcomes. Unfortunately,
I=dk/dt is not normally possible to observe in a hierarchical business
structure. However, when formatted and validated correctly, and applied
to a network organizational structure, then I=dk/dt can be represented
graphically and accurately identified even by a child.
Wisdom: When we think of wisdom, our minds conjure
the image of an elderly person with a lifetime of experiences behind
them. Somehow, our elders seem to be able to predict the outcome of a
series of actions before those actions take place. This is why we seek
wisdom to lead our organizations and institutions.
Consider the manager of a factory floor who has 30 years experience.
During those 30 years, they have seen many things succeed and many
things fail. In fact, their experience represent a statistically
significant sample of representative events that they have experienced
in the past. The wise manager is able to process new information with
old information to predict the probability that the new idea will yield
the desired results. The propensity for wisdom may be modeled as a time
function in a similar manner.
W = dI/dt = dK2/dt2 = d3i/dt3 = d4D/dt4
Wisdom is proportional to the rate of change of innovation with respect to time
In general we could say that Wisdom is the second derivative of
Knowledge and the fourth derivative of Data. Similarly, Innovation is
the first derivative of Knowledge and the second derivative of
information, and so on. In order to identify innovation, we would
measure high rates of change of knowledge. Wisdom would be proportional
to high rates of innovation, etc. The utility of these functions
should be apparent.
Conclusion
The WIKiD tools algorithm provides a set of relationships for what are now considered intangible assets that are integrated by a time function. The Blockchain provides the master schedule for the time function to be recorded, leaving us with a somewhat routine task of identifying rates of change in observable events.
Few people recognize the true economic potential of Wikipedia. Obviously, Wikipedia is an important resource for individuals and profit making companies. It would take Billions of dollars to recreate it from scratch. But the true value of Wikipedia does not end here.
Wikipedia is a really huge set of interconnecting nodes – a massive dynamic database in the commons. When two points are connected, the magnitude and direction of the resulting line provides information about the data and proximity to other data. Wikipedia is a venerable roadmap of connections between significant people, places, things, and ideas. Not unlike the Facebook social graph, Wikipedia in aggregate is a knowledge graph of humanity. It is therefore as perfect a representation of humanity because it was created by humanity.
Mass Encryption
One of the more effective ways to encrypt data is to hide it among other data. In fact, your personal knowledge graph, stripped of personally identifiable information can be hidden – like a needle in a haystack – among the wikipedia knowledge graph. Your knowledge graph can then extrapolated along the nodes, edges, and paths of Wikipedia to draw inferences, make decisions, or set priorities for yourself and your interaction with the community. It’s like your own private Big Data engine that only you can see.
The idea behind Curiosumé is to develop that vehicle from which a person can interpret actionable information when they overlay a persona (or Proxy) of themselves on the Wikipedia commons. When many people overlay their personas to the Public Wikipedia Haystack, they can specify criteria out of nodes and branches of the wikipedia knowledge graph to find each other, to work together, to learn and teach.
Enter Block Chain
Each owner holds a private key in a cryptographic vault to their proxy that they can share, rent, or retract from others. The Private key is the only way to associate the owner with their proxy and with the commons. Mutual private key exchange will define a market for intangible assets among owners of such assets. This exchange device would be ideally suited for a cryptographic platform such as Maidsafe protocol or Bitcoin Protocol.
Connections, intersections, and resultant “vectors” will reveal patterns from which decisions can be made. The future economy may include the exchange of private keys.
Level Playing Field
As long as proxies – or personas – are anonymized, it would be OK for everyone to have access to them in the commons. In fact, the quantity and the quality of the personas in the commons for a community or location could underwrite the currency of that community. Everyone would have the ability to test their persona in the public domain upon any market to reveal their greatest economic potential. Such a community currency would have a relative value to other communities not unlike, say, Forex.
The community can even test their own combined personas against a host of scenario proxies such as job proxies, investment proxies, etc., all without committing personal information. However, when two or more parties engage in transaction and/or interface with a regulatory agency, they will need to reveal their private key in order for a transaction to pass a pre-established compliance proxy that is also comprised of nodes and branches in the commons.
The Art of War
It would be very difficulty for people to violate another person because they will need access to the other person’s private key as well as a change in the commons in order to formulate a deception. If they modify the commons, they will in fact reveal themselves as a transaction. If a perpetrator can somehow change the other person’s proxy, then they will notify others connected to that proxy of that change. Further, the perpetrator may be unwittingly doing more harm to themselves than good in their own connection to other proxies when attacking a particular persona – any action, except the truthful action, could have implications that are unknowable.
As such, there is little incentive to cheat.
Cloud Wars
As such, any disputes will be fought in the commons and not at each individual node where the world engages in wars, competition, and oppression today. Wars would be fought in the info commons rather than being shrouded in the fog of ground ops.
The Future of Common Knowledge
The future of common knowledge is the “commons”. If every person, corporation, or institution were to index to a commons based data source, we could all observe each other while maintaining our privacy. Economic scenarios could be run without expending money. Disputes could be handled in the cloud. The maintenance of the commons could become a new form of governance.
My prior post “The Tale of Two Cities” demonstrates that the intangible social value conjured into existence by the bridge that connects two fair cities far exceeds the ‘tangible’ value of that bridge. Yet, only the tangible value of the bridge is accounted for on a balance sheet such as GDP.
The Conjuring of Intangible Values
This may seem trivial until you observe that people are paid for their intangible assets (knowledge, creativity, and engineering calculations) as a percentage of the far lower number while the bankers, government, and corporate interests compensate themselves as a percentage of the far higher number. The difference appears to be unaccounted for.
The Tail of Two Cities article concludes that the value that is conjured into existence by both the bridge and the fractional reserve system must be equal, by definition; otherwise the metaphorical breezeway that connects the two worlds would fall.
Bitcoin suffers from a similar curse as The Tail of Two Cities. The prevailing argument against the crypto-currency is that it has no intrinsic value. I have personally argued that a currency must represent human productivity intrinsically or else no other human would be willing to work (be productive) in exchange for it. An article by Paul Bohm “The Value Of Bitcoin is Decentralization” makes a good point that the intrinsic value of Bitcoin is based on the value conjured into existence by increased productivity to society by what can be accomplished with Bitcoin that otherwise would be impossible without Bitcoin.
So if the valuation of a bridge crossing the river and the valuation of Bitcoin crossing the broker both suffer the same curse that there is no accounting system for intangibles, wouldn’t it make sense to solve that problem first – i.e., measure into existence the intangible value of the Ingenesist – and then release those millions of human intentions (bridges and Crypto-currencies, not withstanding), into the system of trade? This is the problem that Curiosumé proposes to resolve.
I believe that we first need to solve the under-mining problem that there is no accounting system for intangible assets. Only then can there be intrinsic value in the conservation of those assets
… then maybe none of this would seem so mysterious.
apitalism is evolving. Society needs to reorganize itself to trade “abundant intangibles instead of scarce tangibles”. Then, all the decentralized innovations currently coming online can truly integrate.….and, everything will change.
This 16 minute video describes a method for intangible assets to be made tangible in an accounting system for the purpose of storage, exchange, and creation of new value in communities.
The next step is to create a series of similar videos specifically tailored to each major industry in our economy specifying how Curiosumé would benefit them. That is described in the following document:
Video Proposal
We also seek to reach the community of entrepreneurs who will build the next generation of data visualization tools that will facilitate matching algorithms for communities.
Finally, we will introduce The Value Game and the WIKiD Tools Algorithm with which we may form a new cryptographic currency backed by abundant intangibles rather than scarce disposable tangible assets.
That is Reorganizing In The Era Of Social Capitalism
Money is supposed to represent human productivity; otherwise nobody would work for it (think about that for a second).
Today, money is created from future productivity in the form of debt; when you take a loan, money is created out of thin air and posted as an asset on the banks ledger. Unfortunately, the money required to pay interest is never created at all, which drives eternal scarcity.
What Happens Next:
Through the miracles of the fractional reserve system and high finance; money gets thrown into a blender where it is then divorced from the productivity of those who create it, and is converted to exotic financial instruments that bet for or against the future productivity of the future productivity of the future productivity, etc – in both Calculus and Finance, these are called derivatives.
Why does it still work?
So the question becomes; if money does not represent productivity, then why do people still work for it? Well, there is no other alternative to money as we know it.
Then came … and went … Bitcoin;
Bitcoin is all the rage because it behaved sort of like a currency – it had many of the desirable characteristics for the storage, exchange, and unit of account for value. But something about it didn’t sit right with society in general – most people aren’t willing to work in exchange for it.
Bitcoin has 3 fatal flaws:
Bitcoin does not represent human productivity.
The total available Bitcoins were highly concentrated among a very few people.
Bitcoin are speculative in value.
Many words have been committed to these topics so I’ll leave a deeper understanding to the reader to research on their own. However, we can now ask the question;
What if a virtual currency could be designed that does represent human productivity, is widely distributed among the users, and empowered by those who interact with it?
Consider an Engineering Backed Currency:
Let’s consider an engineering backed currency and the existing institution of the National Society of Professional Engineers (NSPE)
Condition 1: Engineering works increase human productivity in the form of roads, bridges, machinery, energy, clean water, sanitation, and generalized problem solving. A currency backed by engineering would invariably be backed by human productivity thereby satisfying condition #1.
Condition 2: Suppose that upon paying their 300 dollar dues to the National Society of Professional Engineers, the NSPE Knowledge Bank issues 3000 NSPE Bucks, a virtual currency, to the member so that any member can trade with any other member for the purposes of learning, teaching, and collaboration (don’t worry yet about the technical challenges of doing this).
If any member gets stuck on a project, or they need to understand new technologies, or are looking for complementary knowledge, they can compensate another engineer in the NSPE Technical Network using NSPE Bucks. Young engineers can teach seniors about new tech, social media, hot mobile apps, and seniors can teach young engineers about nuances of engineering practice, etc., all in exchange for NSPE-Bucks. NSPE bucks will become evenly distributed thereby satisfying condition #2.
Condition 3: The NSPE Bucks act as a form of insurance. If an engineer gets stuck on a project or needs a review of their work or intersects another discipline, they can get rapid and effective support across a vast network of knowledge assets in the profession. An engineer may be empowered to interact with their peers and innovate in their careers knowing that the wisdom and experience of their peers is mutually accessible. As such, condition number 3 is met.
Hold on to your seat – this last point will blow you away:
Innovation is the domain of engineering – the two words are synonymous. People innovate today for the purpose of increasing productivity in the future. Remember, debt is also a currency backed by future productivity. Therefore, when you have two currencies that are backed by the EXACT same underlying asset, they are fully convertible on an open exchange. So NSPE bucks can be easily converted back to dollars or simply traded broadly in a market.
The Mother of All Hedge Funds
As the dollar weakens in scarcity, the NSPE Buck will strengthen in abundance, value will be preserved in the works of engineering that are created. In fact, an engineering backed currency would hedge the dollar as it weaken in it’s ability to maintain infrastructure, build schools, solve climate problems, and provide for the safety health and welfare of people and property.
There is no shortage of work to do and there is no shortage of innovation – there is only a shortage of money. If Banks can print money out of thin air, why can’t engineers?
Big Data, Bigger Data, Not Neutrality, Mega-Mergers, Election Deform – BIG (fill in the blank) spells BIG trouble for LITTLE (rest of us). We don’t stand a chance against the tsunami of surveillance that is barreling our way. Big Data is becoming it’s own feedback loop and, like shoving a microphone into a stack of tweeters, the noise is deafening.
Nature tells us many things about how an organism responds to externalities. For example, when a stand of trees encounters an insect infestation, they work in symbiosis with fungi and micro-organisms to amazingly communicate signals across distance and across species to develop compounds to arrest the attack. Nature collaborates in magnificent ways with often astonishing results – survival of the collaborators.
The entire human organism is in this position today, we cannot attack our own do-loop without also attacking ourselves. We must adapt a new one. We must address the perils ahead by organizing ourselves in a radically different manner. When threatened by inundation, we must also become fluid, mix with the tide, and change its composition from within.
The following presentation was delivered at Seattle University in April 2014. This presentation demonstrates why – and most importantly – how we need to re-visualize society, especially our own place in it. We need to reorganize ourselves as a species to face these powerful new forces that ultimately threaten to smother the knowledge, creativity, and wisdom from our one and only planet.
Our objective with this video is to communicate to all other New Value Movement applications that there is a new form of organization that we can all adapt in order to integrate ourselves in collaboration outside of BIG Data.
Over the last 20 years or so, I have spoken all over the United States and many parts of the world about the idea that there may be a single and relatively easy way to correct very evasive flaw in market capitalism.
Fixing this flaw could correct many of the biases and divisions that plague relationships and communities in an otherwise functional social organization system. The work of the Ingenesist project, of course, is precisely to correct the flaw.
From past experience, I always get one of three reactions to our work:
Some people get it immediately, and engage deeply.
Some people don’t get it and ignore completely,
Some people attack it, sometimes dangerously.
I learn a great deal from each type of response. In fact, the vast majority of ideas in the Ingenesist Project come from hundreds of brilliant people who have participated in one of these three ways. The first two types are self-explanatory. This post is about the third type – I call them “the antigens”. As the term implies, when an Antigen perceive a threat to the existing body they react strongly to neutralize it.
The Flaw in Capitalism is well protected
The antigen is not just a person who disagrees with a fact or feature of our work. They hold a deep visceral objection that is personal, emotional, physical and always disproportionate to the level, scope, or even the topic of conversation.
Much to our astonishment, the antigen is always someone who would be expected to embrace our work and ideas.
The problem, I have come to realize, stems from the suggestion that the Zertify knowledge inventory strategy seeks to increase the efficiency of matching the supply and demand of knowledge assets in a community. The antigen has a vested interest in this same goal and does not believe that there could or should be a better broker than themselves.
If it’s not Broker, don’t fix it
Several examples of antigens that we have encountered:
One was the economic development agency for a less developed country. Our proposition was to present their engineers as world class quality. They saw this as an emigration threat more than an off-shoring draw, and shut the program down.
One was a celebrity author and lecturer that champions the cause of the common man against the oppression of corporate tyranny. This individual makes his living selling books, lectures, and endorsements. His scathing misinterpretation of our work hurt us badly.
Another recent antigen was a person who runs an “accelerator” for start-up companies whose passion is to identify promising start-ups and match entrepreneurs to funding in the spirit of high tech titans of the past. He saw us as a threat to his “God’s Eye” approach to the garden of money.
On the surface, it would seem that these people or entities would embrace a comprehensive knowledge inventory and machine enabled means of matching supply and demand for knowledge assets. Instead, they saw us as a threat to their vested interests.
It’s not about right and wrong
The point of this article is not to make the antigen wrong about their response – it is quite natural and we have all done it. The Flaw in Market Capitalism is the antigen behavior/reaction itself – not the person demonstrating it. Our challenge for the future will be to amplify mavens and community organizers to become better at connecting people in collaboration with each other while also identifying and redirecting the antigen response before it is activated. Because once it emerges, it cannot be put back in the bottle.
The corollary:
Those who would embrace this work likewise have little or no vested interest in “controlling” others and would therefore appear to be the least likely to accept our work. So by definition, those who accept the ideas that we present are those who would perform well in such an environment. This further demonstrates the counterintuitive nature of The Ingenesist Project.
