#11) We The People
I, Kelly Arnow Moulton, do hereby decree the issuance of a new cryptocurrency, KEL.
Our virtual world will allow you to be born again, artificially. No need to be confused and scared anymore. Every problem you could ever imagine can be prevented or solved with the press of a button.
You’ll never have to deal with real people again.
But before you run off and play with some KELs, here are some initial ground rules, ok?
The ultimate number of KELs ever to be issued shall be 100 billion.
10 billion KEL shall be issued each year for the next 10 years.
I have set up the KEL Foundation. Because I’m a good person and not focused on money, even though I set up my very own currency. Sorry, not my currency, your currency.
Also, I have decided to keep some KELs for myself, a modest 1 billion.
There are some other minor rules and details, but you would need to have a PhD in math to understand them, so best not worry about that.
KEL shall be decentralized. You decide things, not me.
Let me assure you, I am transparent. No secrets here.
In other words, the opposite of God.
And get this people: It’s just like the real world, just not real. Better than real. And let me assure you, my only motivation in creating this virtual world is for a better you.
I swear on my firstborn avatar child.
Sorry, you there in the back with your hand raised, can you repeat the question? What’s that you ask?
What’s KEL trading at today??
Does it matter I ask you? Listen, ok, ok, KELs go up and KELs go down, I know, but don't focus on that. God knows I’m not.
Can’t we just focus on the Global Utility and EnLightenment Project (GULP) I am trying to outline here?
My fellow citizens, now hear this:
I am going to OPEN SOURCE all my tech! Just give it all away!
And to get things really rolling, I’m going to seed fund bright eyed developers across the world using a handful from my stockpile of KELs …
(applause)
No no no, please don't thank me, it’s all for the common good, seriously, the money actually comes from my foundation anyway, not me, and you decide things, not me, remember.
Open Source, Open Kimono, that’s my motto.
And everyone remember this term - DAO. DAO. Dah-oww. DAO. Fun to say, isn’t it? DAO. Sounds eastern and deep. DAO. Rhymes with MAO. DAOs are going to govern our future from hereon. Wiki says, “ a decentralized autonomous organization, represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government.”
Got it? That last bit’s key. No more pesky governments. No more pesky middlemen. Everything transparent, governed by code. Code built by you and me. This code is your code, this code is my code. From California to the New York Island. From the Redwood Forest to the Gulf Stream waters. This code was made for you and me.
Isn’t it beautiful?
If the community thinks the code is good, vote it in! Adopt and adapt! In fact, whatever the community wants, the community gets. Mob rules. Because the community always knows best, right? And to all you skeptics out there, I say this:
Go forth and attend your first town hall meeting. Or your first school assembly! Bask in the glory of group consensus decision making. It’s the best.
Welcome to Web4, ladies and gentlemen!
My virtual world.
Strike that! Our virtual world.
This more than real virtual world will, in fact, provide more meaningful social interaction than you have ever experienced before in your natural born life. No need to step outside in the fresh air with your feet on the ground. No need for that family picnic in the park. Because we bring the picnic, that 1950’s realness, that pre-Internet realness to you.
Ok, I can take one final question. Yes, you there. Can I describe just one practical use of KEL in today's world? Absolutely! I can say it right away without thinking! You can invest in NFTs! Non Fungible Tokens. Not nearly as fun to say as DAO I must admit.
But there are just so many practical, useful applications of NFTs that I simply don’t know where to start.
Let’s just say you’re an artist like my friend Pernille. (And God knows those artists, they need help. That's what’s so moving about all of this. We’re helping those who need it most).
You can paint a painting. You can draw a drawing. You can take a photo. Then you can take a photo of the photo. Then sell the digital photo! For like millions!
No need to frame it or even look at it. Just own it. Just own the NFT. Isn’t that just super duper cool?
In conclusion, don’t worry. It can be a bit confusing and too much to take in. Don’t panic.
In dark rooms across the world, there are people with machines much smarter than you who have it all figured out.
Any chance we could talk ?
Hilarious and so good!!