A Talk about Crypto Reward Courts

A talk in @GoodDollar Telegram channel.

Hello all, an admin (probably @tomerba) allowed me to tell here about my project Crypto Reward Courts, so I will start my talk now.

There are multiple ways to distribute income: trade (“capitalism”), charity, universal basic income, even lotteries, etc. We know very well it does not work well (yes, even if we add basic income, the injustice remains). Neither “pure trade economy” nor to spread money equally work. Need something other.

In the existing system the main way to distribute money is trade. It makes mistakes pushing some people under poverty, not rewarding enough e.g. great scientists, financing Linux project less than Windows (the same with other open source projects), etc. Need a way to correct capitalism.

The trouble with capitalism is that it does not put enough emphasis on human good such as common good. Need a way to value what is common good and distribute money accordingly. We have no algorithm that can check if a project is a common good. Need involvement of people.

So we need to decide whom to give money by voting of people.

Such a system exists, it is called charity foundations. People vote whom to give money. But we’all know charities just don’t have enough money. It is both by subjective reasons (greed of people) and more objective reasons (hard to tax the entire world).

The solutions is tremendously simple: Let a charity mint its own money in any quantities it decides to. At first, it seems this won’t work: That money is not backed by anything. But remember that both BitCoin and USD are also not backed by anything!

So, I propose to try the following experiment: Form charities that will mint their own money. Even if the money is not backed by anything, it is difficult to obtain money produced by voting of a honest committee (“court”), so that money would grow in price for the same reasons as BitCoin and DogeCoin did grow in price!

So, looks like we really have a solution to overcome most important deficiencies of the trade economy: For committees (“courts”) that will vote whom to mint to money (in any quantities the committee decides), and wait when it will grow in price like BitCoin.

So, the news: The software for this thing is ready: https://reward.portonvictor.org (it is now deployed at Ethereum chain, we should switch to a less expensive chain like Matic, Celo, or Fuse, please advice which chain to choose).

The next thing to do is to hire several judges. I think we could start the first court when we find 5 persons! Several persons already claimed the desire t become judges.

A judge can even be a well-paid position. Nothing prevents a judge to vote to mint money to himself as a reward for the service of a judge. The restriction is that if a court allocates to much to itself, it would devalue its currency and earn less not more.

So go here and claim your desire to be a judge, be it from pure goodwill or from the desire to earn money: https://reward.portonvictor.org/how-to-become-a-judge/

Choose for yourself a topic: It may be for example financing free software, rewards for inventions, compensation to victims of crime or catastrophes, or even help to poor countries, reward for climate or other environmental actions, etc.

Join the working group for Climate Actions Rewards

Hello,

Please join the working group https://www.facebook.com/groups/243815843411500/ for Climate Actions Rewards, a crypto reward for climate actions. We very much welcome you to become a committee member for deciding who will receive the prizes. See the above URL for more information. Please also post nominations for the rewards (self-nominations are accepted).We reward all kinds of climate actions ranging from planting a few trees to big inventions and political actions. Join this committee now. Also, submit your nominations for rewards.

See here for a live beta version demo.

See here for the project description.

Don’t miss the opportunity to help mankind at almost zero (well, you need to pay a few dollars per year for fulfilling blockchain transactions) costs for you!

Don’t hesitate to write to porton.victor@gmail.com

Victor Porton <porton.victor@gmail.com>

+972-545229306 (Ashkelon, Israel)

Join the working group for Advanced Software Award

Hello,

Please join the working group https://www.facebook.com/groups/2683917751838715/ for Advanced Software Award, a crypto prize. We very much welcome you to become a committee member for deciding who will receive the prizes. See the above URL for more information. Please also post nominations for the awards (self-nominations are currently accepted).

We will allocate crypto prizes to (open source) software that open new possibilities.

See here for a live beta version demo.

See here for the project description.

Don’t miss the opportunity to help free software authors at almost zero (well, you need to pay a few dollars per year for fulfilling blockchain transactions) costs for you!

Don’t hesitate to write to porton.victor@gmail.com

Victor Porton <porton.victor@gmail.com>

+972-545229306 (Ashkelon, Israel)

Join the working group for Free Inventors’ Award

Hello,

Please join the working group https://www.facebook.com/groups/200653338027418/ for Free Inventors’ Award, a crypto prize. We very much welcome you to become a committee member for deciding who will receive the prizes. See the above URL for more information. Please also post nominations for the awards (self-nominations are currently accepted).

Patents are a legacy way to reward inventors. But patents have a deficiency: They restrict the general public from using an invention. Patenting is also hard and costly. Crypto technology provides an alternative to patents, without these restrictions.

See here for a live beta version demo.

See here for the project description.

Don’t miss the opportunity to help inventors and the mankind at almost zero (well, you need to pay a few dollars per year for fulfilling blockchain transactions) costs for you!

Don’t hesitate to write to porton.victor@gmail.com

Victor Porton <porton.victor@gmail.com>

+972-545229306 (Ashkelon, Israel)

Join the working group for PolyPrize, a new math prize

Hello mathematicians,

Please join the working group https://www.facebook.com/groups/557060461583665/ for PolyPrize, a crypto alternative to Abel Prize and Nobel Prize. If you are an established scientist, we very much welcome you to become a committee member for deciding who will receive the prizes. See the above URL for more information. Please also post nominations for the prizes (self-nominations are currently accepted).

We will allocate crypto prizes to worthy mathematics and applied mathematics discoveries.

See here for a live beta version demo.

See here for the project description.

Don’t miss the opportunity to help mathematicians at almost zero (well, you need to pay a few dollars per year for fulfilling blockchain transactions) costs for you! Use tough edge blockchain tech, we are in 21st century.

Don’t hesitate to write to porton.victor@gmail.com

Existing prizes like Abel Prize and Breakthrough prize are not enough, let us form our own prize!

Victor Porton <porton.victor@gmail.com>

+972-545229306 (Ashkelon, Israel)

A unique way for climate experts and activists to incentivize and reward responsible climate behaviors

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How can we as a society encourage and reward effective civic actions and inventions that help reduce climate change?

The current system does not incentivize positive behaviors, like putting a solar panel on your roof or building wind turbines. It also does not incentivize inventions that could come from anywhere, like the teenager who came up with a feasible way to capture carbon.

Crypto Rewards Court will encourage and fund inventions and individual actions that can make a difference:

  • Climate experts and activists like yourself form committees or “reward courts” on the platform, which decide how much a climate action or invention is worth.
  • For those deemed worthy, crypto money is minted and allocated as a “reward”.
  • The value of these rewards grows due to scarcity, much like the value of Bitcoin.

This way, society as a whole benefits: the individual actions benefit all, and an invention is available to everyone.

We are launching the software, so we are asking climate experts and activists like yourself to begin forming judging committees to decide who to give rewards to. I am available to answer any questions about how this works, and to help with installation.

See here for a live beta version demo.

See here for the project description.

See here for the installation instructions (free tech support provided) that is I will install it for you.

You will be asked to enter the kind of currency you want to produce, the amount, and the recipient and click “Mint!” to mint crypto money. Then, you can vote on initiatives, and allocate rewards to those you decide on. The cost of doing this is almost zero (well, you need to pay a few dollars per year for fulfilling blockchain transactions)

I am acting as coordinator of the committees to avoid duplicate committees and ensure their smooth running. Don’t hesitate to write to porton.victor@gmail.com

We need judges! You should become a judge. Please write back.

Victor Porton <porton.victor@gmail.com>

Ashkelon, Israel

Patents are outdated. The future is Crypto Reward Courts

To inventor societies:

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Hello,

Patents, though they were the only widespread source to give money to inventors, have a deficiency: They limit the spreading of an invention to everybody. Patenting is also costly and takes a long time.

Now I present the future way to reward inventors. It is called Crypto Reward Courts.

We form committees or “reward courts” that decide how much an invention is worth and mint (“produce out of nothing”) crypto money to inventors. Reward courts should give preference to unpatented inventions, to make ideas free for everyone.

That way everyone benefits: the society receives an invention free for everybody and the inventor receives a reward.

BitCoin became costly because it is hard to produce it. It should be also reasonably hard to persuade your committee to pay to somebody. So the tokens you mint are expected to also become costly.

See here for a live beta version demo.

See here for the project description.

See here for the installation instructions (free tech support provided)

Enter the kind of currency you want to produce, the amount, and the recipient and click “Mint!” to mint crypto money. My software supports voting. So, the prize committees can vote with this software.

Now the software is beta. It remains mainly a security audit and design. In the meantime, please form committees that will judge whom to give rewards.

Don’t miss the opportunity to help inventors at almost zero (well, you need to pay a few dollars per year for fulfilling blockchain transactions) costs for you! Use tough edge blockchain tech, we are in 21st century.

I self-assign myself as the coordinator of the committees with the purpose not to form too many duplicate committees but organize well. This email is written before the software release to give you enough time to establish committee members and committee rules. Don’t hesitate to write to porton.victor@gmail.com

By the way, the proper way to protect an invention from stealing would be BitCoin proof of ownership, not a patent. It costs much less than a patent, is available after less than an hour, and does not restrict usage for an invention freely by anybody.

The software release is expected soon.

Victor Porton <porton.victor@gmail.com>

+972-545229306 (Ashkelon, Israel)

Let form committees for math prizes (There is a source of money.)

To mathematical societies:

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Hello, mathematicians and mathematical societies,

I propose you to form committees that will give crypto prizes to mathematicians.

You could accept donations in crypto and distribute it to recipients, but that’s an old hat. The new thing is that (with our software) you mint prize money yourself, in unrestricted quantities! Now you do not need to have money to give money to somebody other, just mint money with the latest blockchain technologies.

BitCoin became costly because it is hard to produce it. It should be also reasonably hard to persuade your committee to pay to somebody. So the tokens you mint are expected to also become costly.

See here for a live beta version demo.

See here for the project description.

See here for the installation instructions (free tech support provided)

Enter the kind of currency you want to produce, the amount, and the recipient and click “Mint!” to mint crypto money. My software supports voting. So, the prize committees can vote with this software.

Now the software is beta. It remains mainly a security audit and design. In the meantime, please form committees that will judge whom to give rewards.

Don’t miss the opportunity to help mathematicians at almost zero (well, you need to pay a few dollars per year for fulfilling blockchain transactions) costs for you! Use tough edge blockchain tech, we are in 21st century.

I self-assign myself as the coordinator of the committees with the purpose not to form too many duplicate committees but organize well. This email is written before the software release to give you enough time to establish committee members and committee rules. Don’t hesitate to write to porton.victor@gmail.com

Existing prizes like Abel Prize and Breakthrough prize are not enough, let us form new prizes! Consider for example the software author’s algebraic general topology and ordered semigroup actions theory that were not yet rewarded.

The software release is expected soon.

Victor Porton <porton.victor@gmail.com>

+972-545229306 (Ashkelon, Israel)

More prizes: Free money for prize recipients

To Abel Prize Board and Committee:

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Hello, Abel Prize board and committee,

You have money. But your money is not enough to reward every mathematician worth reward.

So I offer you a software that allows you to mint money in unrestricted quantities. It is possible to do due to the newest blockchain technologies.

In short my idea: In addition to the monetary prize, offer 10-15 or so additional crypto prizes (one of which would be sent to the same person as the monetary prize), so that everybody on your list worth reward could receive the reward.

See here for a live beta version demo.

See here for the project description.

See here for the installation instructions (free tech support provided)

Enter the kind of currency you want to produce, the amount, and the recipient and click “Mint!” to mint crypto money.

My software supports voting. So, the prize committee and/or the board could vote with this software (not only for crypto prizes but possibly for the regular money prize, too).

BitCoin became costly because it is hard to produce it. It will be also hard to persuade your court to pay for somebody. So the tokens you mint are expected to also become costly. I hope, the crypto prizes will become more valuable than the existing money prize.

Now the software is beta. It remains mainly a security audit and design. In the meantime, you can start preparing a new version of the Statues to incorporate the rules for the crypto prizes. Moreover, I strongly advise you to extend with more committees and more members to consider a broader range of mathematicians to reward more works. (Now we have an unrestricted amount of money.) Please consider creating more committees to increase your judging throughput.

Don’t miss the opportunity to help mathematicians at zero cost for you! (as monies are minted)

The release is expected soon.

Victor Porton <porton@narod.ru>

+972-545229306 (Ashkelon, Israel)

A new way to finance free software (beta release)

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I invented a new way to finance free software. There was a contradiction: software needs to be free for every user, but software authors should receive a reward. Various ways to solve this problem: ads, sponsoring, donations, etc. all have their deficiencies.

Software must be free for each individual user, but the world should pay for it. Because we can’t tax the entire world, the only way to do this is to mint new money ourselves, producing inflation to sustain free software.

I it is exactly what my Web app does.

See here for a live beta version demo.

See here for the project description.

You just enter the kind of currency you want to produce, the amount, and the recipient and click “Mint!” to mint crypto money.

My software supports voting. So, you can form a court, which would vote whom to send money.

BitCoin became costly because it is hard to produce it. If you become just judges, it will be also hard to persuade your court to pay to somebody. So the tokens you mint are expected to also become costly. Consider sending a token to Linus Torvalds. It was his hard work. So how much will his one token cost? After all, it is Linus’ one’s special value.

Now the software is beta. It remains mainly a security audit and design. Please help with this. As soon as we finish it, we can form actual courts (see the installation instructions, free support by me provided). I assume that the best way to form courts is under the agenda of existing free software foundations. Please contact me if you want to form a court for rewarding free software. Don’t miss the opportunity to help free software at zero cost for you! (as monies are minted, not just donated)

Enjoy the new world, where free software to become more profitable than the commercial one. Free for each one, paid from the world assets (as the crypto market grows).

Donations in crypto and fiat are accepted (yet) before we switch to the new financing model.

Don’t ignore this message, start to convene judges for your court! The release is expected soon.

Victor Porton <porton@narod.ru>

+972-545229306 (Ashkelon, Israel)