Why do we need cryptos to crowdfund ecological farming?
The world of bitcoin, cryptos …
now backed by land and her produce
Our good friend Reja made this picture, of her daughter Mila in the hands of her friend Alyssa from Bali. We dedicate this work to them as representatives of the future generations
Crypto-space is not the world of the 'Wolves of Wall-Street' (yet)
Without interference of financial institutions there is room for ethics.
Even if many investors would be only ‘in it for the money’, their investment would still be working for the good cause. Our checks and balances are: Strict land use rules, contracts, audits (by the public and NGO’s), certification and tracking of the produce, the books openly on the blockchain, webcams, etc.
Free instantaneous transfers, without borders
Permissionless. No expensive middle-men (banks). From the privacy of your own home. Always tradable 24/7
24/7 This is beyond the reach of a normal stock exchange.
A startup with ideals usually tries a crowdfunding. Unfortunately these tend to stay small.
As a startup one cannot launch on a normal stock exchange.
For example: To enter the stock exchange in the Netherlands (Euronext), a company has to exist 3 years and own a capital of at least 3 million euros.
And still it would cost a lot to hire experts for the launching (they take a cut of 5 – 10%… we rather plant more trees with that money). And we would not find a large audience there.
Our ideal is to make a global change and forward ecological farming. So it is logical to start a crypto.
With crypto-technology, We The People, can finally exercise true financial power and shape a sustainable future.
Criticism by the media:
Our reply: so is the dollar! and the same was told about internet.
Any invention of humans will always also be used for evil. But that does not mean that one should forbid all new tools. it is a small % of the use. The same thing has been told over and over again at the beginning of the internet. That was no argument to stop the development of the internet.
Already for years the blockchain is helping the government to find criminals. Watch the Tedx talk about this fact by Kathryn Haun, San Francisco, Oct 2016
By the way, the anonimity in the crypto-space is very exaggerated. If you ever try to buy some cryptos, you will be surprised how NOT-anonymous it is. The exchanges are very strict in implementing the ‘know your customer’ (KYC) rules. A potential customer has to supply:
1. A recent utility bill to proof where he lives.
2. A fresh statement of the bank of which he sends the money from to buy cryptos with, that he really is their customer.
3. And then he has to take a portret in a very specific way, upholding his passport and a hand-written statement that the money he will send to the exchange is only to trade cryptos. This picture is only useable on the date with the signature. If something goes wrong, the whole process has to be started anew with new dates.
Every step you take on a blockchain stays there forever. A blockchain is immutable. From every bitcoin in existance you can see the addresses of the former owners. Of course the public addresses are a bunch of numbers and letters, so your name is not written there. But that could be traceable too through your IP-address.
The so called ‘privacy coins’ that hide IP-addresses seem to be an illusion also. Research of Yasha Levine has shown that for example Tor was compromised right from its beginnings: the US government paid for its development to be able to build in backdoors. Read the story in his blog. More details in his book: Surveillance Valley, the Secret Military History of the Internet 2018.
Another puzzling statement we found on the website of the Zerocash project: sponsored by DARPA and the Office of Naval Research
Our reply: Banks and data-center aren’t?!
But of course our token will use a prudent blockchain.
We have some options, depending on the network we will enter:
– using the cloud mining service Genesis that only uses electricity generated with vulcanic heat in Iceland.
– Or we’ll use a Proof of Stake ledger like Cardano
– Or a tangle: IOTA
– Or hashgraph, but that is not open source yet.
The last two options runs on computers or machines that are performing other tasks simultaneously.
it is true that mining costs a lote of energy. But it still is a small % of what the banks all over the world are consuming. Or what all the big data recording centers of the governments are using.
Eventually the miners will look for renewable energy, because that is the only sustainable way, economically as well. So cryptos will be a huge incentive for the development of renewable energy. Example: Genesis-Mining.com in Iceland, founded by German CEO Marco Streng.
Our reply: currencies are only based on debt, not e.g. on gold. Therefore they are heavily manipulated on financial markets, to the disadvantage of people and planet.
It is a general misconception that money which banks are lending out, are the savings that people entrust them with. This is only the case in 10%. They actually are allowed to lend 10 times more the amount than you deposited. So they can simply add a zero in their books. Also, when you take a mortgage (your promise to pay to the bank), they are allowed to bring 10 x more money in existence.
Banks then are allowed to charge interest on that new ‘money’ that nobody has worked for yet or has not even paid yet. And they are having a field day with all the ‘financial instruments’/ derivatives they phantasize into existence.
This weird circus renders our savings and pensions very vulnerable.
In a savings account your money diminishes in purchasing power. In some countries the bank even charges interest for ‘taking care’ of your money (negative interest rates). Every year life gets more expensive. Your hard earned money loses its value. Your children will have to start all over again in gathering capital for retirement.
Since there is no backing of currencies with – for example – gold, the value can be manipulated downwards. This is done on purpose:
First, government and central banks prefer that the currency becomes cheaper, so that National products are attractive for export. To keep producers happy (thus paying taxes).
Second, when there is inflation, the state debt diminishes gradually. Because the government eventually receives more tax dollars from you (in absolute numbers) to pay the cheaper older bills with.
This state debt is owned by the market, which consists mostly of financial institutions (banks, hedge funds, pension funds) and foreign governments (who accept debt-papers – IOU’s – as “payment” for their export products). Banks like the Federal ‘Reserve’ (The Fed in the US) simply pull ‘money’ out of thin air to lend it to the government. The European Central Bank did (does?) the same.
All these ‘fiat’ currencies are finally only backed by the promise of the government to pay back the debts to the market. … Of course with the taxes you and your children will pay.
Furthermore, governments will always expand the debt to avoid a recession. When the ‘fiat’ (trust) in a government falls apart (or is manipulated to fall apart, through trade wars and currency wars…), whole populations can lose their savings and livelihoods in a heartbeat. Think of Venezuela, Argentina, Zimbabwe and classic: the WeimarRepublic in the 1920’s.
Conclusion: the whole system is based on air, promises, trust and the (future) work of the population.
Somehow it makes sense to convert some of your hard earned savings to physical assets like precious metals and land, especially productive agricultural land (no financial advise).
And it makes sense to use, whenever possible, instant value transfer technology (cryptos). This provides an opportunity to bypass the banks and big investors who favor and stimulate business-as-usual and their own bonuses. And we all know that business-as-usual causes the destruction of our planet and suffering of many people.
Want to dive more into this ‘money as debt’ problem? Start to read a serious economist like Michael Hudson. Suggestion: see an interview with him on episode 1278 of the Keiser Report September 11, 2018 (from 12 min onwards). Slogan at the end became “What would Jesus do?”
New to cryptos? Curious?
We can recommend the following intro videos
Billions of people have no documents, no land rights, no acces to credit. Cryptotechnology offers identity and whole banks through their phones. Charles Hoskinson, founder of IOHK (Cardano) Tedx Talk, Dec 4, 2014
To put the phenomenon of cryptos into perspective: a prominent software engineer about the history of money. Andreas Antonopoulos
Sao Paulo, 2016
30 min.watch (53″ incl Q&A)
For Portuguese speakers:
“Blockchain, bitcoin, altcoins etc.: Separando a Realidade do Exagero”
A lecture by our Dutch friend Jeroen van de Graaf, who teaches cryptography at the University in Belo Horizonte, Brazil (UFMG). 2018
scroll on the portrait to catch a direct link to youtube
Jeroen van de Graaf, Professor no Departamento de Ciéncia da Computação, Universidade Federal de Minas Gerais.
Dive deeper into ‘cryptos’? watch more:
The crypto ‘Land Ownership Token’ LOT totally puts your money to work for the ecological regreening of the planet.
If we only would transform 1/5th of agriculture, we could stabilize the climate already!
Every meter we can reconquer, will already offer a buffer against the extremes of weather and species extinction.
Did you ever feel the difference in temperature and moist under a clump of trees during a heatwave? Then you know what we are talking about.
It is logical that the Land Ownership Token will grow in value:
1. Fertile land and water wells will be scarce commodities in the future: conventional agriculture destroys the topsoil and water-cycle ever more.
2. World population grows, so more food will be needed.
3. The trend for health food without toxins perseveres.
4. Input of petrochemicals in agriculture will be too expensive when the oil-wars become too expensive.
5. The amount of tokens is the same as the world population number. Each meter we can purchase together adds to the value of an individual token.
Foot by foot, meter by meter, we token-holders can reconquer our planet by acquiring ownership rights, stopping the destruction.
Time for action!
When and where can I invest in LOT?
The first plot of land is already in possession and will be tokenized in order to put real value in each token.
The preparations we are working on at the moment are:
– Interviewing potential tenant farmers
– Writing a white paper/ prospectus for the Dutch Authorities (AFM – Authority Financial Markets)
– Contacting developers for network and hack-proof wallet
– Applying for enlisting on crypto-exchanges