Way more! Like Elon Musk, we believe, humans have to think big to really change something to the good. So here’s what et.world is actually about and meant to become:
Blockchain technology and AI is changing the world right now and in fundamental ways, one is either an active part of it or has to adapt the hard way sooner or later. Currently, there is something missing to this: A test bench for real-world applications and effects. We truly mean it when we say, et.world is meant to become a full society simulation. The money it generates is for a big part meant to fund other great ideas that arise out of this community that lead to real-world adoptions quickly, as we believe.
Remember ICO-Bench in 2017? The fact, that it was strongly manipulated by money led to the first key idea behind ETworld, we called it “Opinion Network”. To put it simple, a symbiosis between the concepts of Wikipedia, Snopes, polling tools, Ether and free media platforms that should solve problems, that would come to be really big issues only shortly after.. “Fake news”, Corona conspiracy theories – we were ahead of what Facebook or Google tries now, back in 2017. The ICO-Boom was just over when we had finished the first white-Paper, so funding was hard to get for a while.
But during the “crypto winter”, more ideas arose. Now we believe to have success with et.world.
Most other members of the team prefer to stay anonymous at this point, but transparency is important to us, so this will change before launch.
Ideas and innovations
Better stable coins
We believe, the solution for future stable coins is not what for example Coinbase is doing, but a combination between the principles behind Iron / Titan Coin, DAI and BUSD. It was painful to watch the Iron stable coin fail, as we had enough knowledge already by then, that we knew it could not work that way. We have a concept, that adds not too much complexity to it, but would at least have softened the crash.
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Semi-stable coins / volatility reduction
For et.world we work on a cross-chain smart contract structure to design the internal utility token or the Mars/moon currency system, if you will. Goal is to create a fully automated market regulation to fight targeted manipulation, pump & dump, fear $ greed etc. It should be kind of an anti-SHIB if you will.
Some principles involved are volume limitations, dynamic transaction limits and something that has worked before for Bitcoin by accident: Changing transaction fees.
One big issue we are confronted with is, that we need to make it uninteresting to create “derivates” of it like WBTC or, worse, top layer solutions like lightning. This means, we need to provide tools to make stuff like this unnecessary (cross-chain solutions etc.)
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Better Proof of Space and Time
… combination with “LocChain”, proof of decentralization … principles of Wuala (Swiss ETH, LaCie) to reduce hardware wear off …
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LocChain / PoD
… GPS-Mining, Satellite-less location service, peer-to-peer LAN+WAN without external infrastructure (only mobile devices with W-LAN and Bluetooth)
…Fully decentralized ride-sharing
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Cross algorithm solutions
… Bitcoin as global entity, PoS+Proof of space and time+PoD
…replace almost everything in IT with it to make the world more secure, transparent and energy efficient
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…Fight misinformation
…Opinion Network
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…LocChain for autonomous driving
…deep learning alla SETI…
Global interests, UN, Nudging
…anti-TikTok…
The Internet Archive in Web3
…International cultural reserve…
