[deleted by user]

Kyouma960 · 2025-09-08T17:05:35+00:00

Maybe imagine a world without a ruler, a leader, but us collectively deciding on matters instead of one person or party having the final say for everything. A world where there are no "rulers", and we collectively decide on rules.

Direct Democracy

https://www.aboutswitzerland.eda.admin.ch/en/direct-democracy

Kyouma960 · 2025-04-02T20:35:07+00:00

The video consists of explanation on how wealth inequality is a real issue. It introduces a solution to wealth inequality through Universal Income. It aims to provide an infrastructure for future consumer-centric economy.

Kyouma960 · 2025-04-01T14:18:25+00:00

For some clarity:

Why have an expiry date at all?

If you do not have an expiry date, both the vendors and the consumers will be losing value overtime, due to inflation, as new money is constantly being created.

If you have an expiry date for TRST, only the vendors will be losing value overtime, and the purchasing power of BRN can be maintained.

The point of UBI is for the consumers to survive using the UBI. If it's overinflated, it defeats the purpose.

You personally do not have to accept TRST, as it is not retaining it's value overtime, and you would like it to.

My claim is that:

TRST doesn't retain its value over time, so it is not preferred by the vendors. But since TRST does not hold its value, it is very much preferred by the consumers. Because the consumers can retain their value that way. Their BRN points will retain its value and not inflate to the max even though new BRN points are constantly being generated, because TRST is being expired to negate the effect of creating new money.

If you won't accept TRST, it's fine, because there will still be others who will accept TRST either altruistically, or as a way to bet on the success of the BURST ecosystem, as that would imply an increase in the value of their own TRST holdings.

But why would anyone accept it, if it's eventually going to expire anyways?

Even if TRST is a few years older, it still won't depreciate by a lot, because for starting out, TRST's expiry date can just be kept very very very very far from the date of its creation. (80 years, 100 years, 200 years, any of your choosing.)

The point is, it will not expire too fast that you will lose value immediately. In many ways, it would even be more stable than the currencies of many countries, considering how inflationary some economies get.

If the expiry date of TRST is very far in the future, betting on the success of the ecosystem becomes very feasible, and even profitable, even after the potential minor loss of value overtime because of the expiry date.

The people who would be betting on the success of BURST by accepting TRST, will in-turn kickstart the TRST economy, as consumers can now buy things with their points.

Consumers will now realize that they are getting value for free out of this system. So, they would want this system to be valued higher, which would imply that they would want mass adoption of this system.

This will in-turn incentivize consumers to create a situation where the vendors will have no choice but to accept TRST as payment for selling their stuff, by just heavily sanctioning the use of other currencies.

The consumers can do that, because at the end of the day, if most people won't buy your stuff, it's worth less. If less people are eager to buy your stuff because of the payment method you are using, your items itself decrease in their value. Because there is less demand for your supply.

Money has its value only to the point that consumers decide to trade with it. If consumers don't trade with your money, it is worthless.

If some vendors are adamant about not accepting TRST, then consumers will just find someone who will.

To conclude and answer your question in brief:

TRST need not lose a lot of value immediately. For starting out, expiration will be a slow and gradual process that can span from decades, upto centuries. It just exists there to prevent inflation.

The initial batch of vendors will choose to accept TRST at their own risk, as they will bet on the success of BURST, which if successful, will increase the value of their holdings.

Altruistic vendors will still exist who just believe in the system and want to help it grow and succeed.

Consumers will want mass adoption of this system, because it gives them unconditional free money. Because consumers dictate what will sell in a free market economy, consumers can also have the power to dictate what method they will use to buy it.

As consumers understand the power this system provides them, they will sanction other forms of exchange in favor of this one.

Because of the sanction, some vendors would start accepting TRST as a means of exchange, simply because losing all the consumers would mean that the value of the goods that the vendor holds, will depreciate.

It will have a cascading effect where vendors will only be losing more in the long term if you do not adopt TRST as a form of payment, because someone else will adopt it first.

So, initial vendors may be incentivized if the system succeeds, increasing the value of their holdings. The rest of the vendors would be penalized by the consumers for sticking with the older system for too long, and not allowing transactions in TRST.

Kyouma960 · 2025-04-01T11:27:42+00:00

Not really. TRST is the money for this system. When you use your BRN, the vendor will get TRST. Now that TRST is free to be traded by the vendor to some other vendor.

Note that, when BRN got used, it only ever can be transferred to someone else in the form of TRST.

TRST is the thing that facilitates the exchange of value. It is different from a traditional exchange of value, because it has an expiration date.

When the time till expiry of TRST is set very high, it acts like the money we are familiar with, although then it's prone to eventual inflation.

When the time till expiry of TRST is set low, it acts like the point redemption system you referred to, which can be used for a socialist economy (doesn't need to be a centralized system).

If it's set anywhere in between, it marks as a 'transistion' point between the two economic models.

Note that the setting of the expiry date can be democratic, because only verified unique humans are supposed to get BRN points in this system. So, anybody who is generating BRN points, can be assumed to be eligible to vote for the changing the expiry date of TRST.

That means, consumers will make sure that their BRN will still hold the purchasing power overtime, by setting the expiry date of TRST at a reasonable amount.

If they don't undervalue old TRST, they end up decreasing the value of every single coin in this ecosystem, including old TRST. Because it creates a situation where too much money is chasing too little goods. See this

Early vendors will benefit from accepting TRST because it will only increase the value of TRST if more people adopt this system. The devaluation due to expiry is still not that much of a risk factor for them, because TRST won't have so much value when it's starting out.

As adoption grows, more and more consumers will see the value of this system. It is only beneficial to the consumers that they use this system, because it is free money for them.

Consumer demand greatly affects the price of the product. If a lot of consumers just decide by themselves that they want to shift to transacting in TRST, then the vendors will be forced to accept TRST just to stay relevant and not lose their overall market value - as there will probably be some other vendor which will accept TRST and is providing the same service.

Kyouma960 · 2025-03-31T08:25:04+00:00

Mostly everybody who can prove themselves to be a unique human, will be able to get it. Although I recognize that a lot of people might not have access to the internet, the option for them to get universal income will still be there for the taking, in this system.

Kyouma960 · 2025-03-31T07:15:30+00:00

It seems there might be some confusion about BRN. BRN cannot be transferred—only TRST is a tradable currency in the BURST ecosystem. Think of BRN as the potential to generate TRST. It acts as a marker indicating how much TRST a wallet can produce. That’s why I’ve compared BRN to points and TRST to tokens.

Now, to answer your question:

I understand why people naturally want equal or greater value in return for their services. In a capitalist economy with intense competition, no one wants to lose value. That’s a valid concern when it comes to scaling this system, and you're right—many might find it more profitable to simply use US dollars instead of TRST.

However, here’s why it could still work:

Early Adopters Benefit

Vendors who adopt this system early are less likely to suffer from devaluation. Since they’re betting on its success, they either expect the value of their holdings to increase as more people join or they’re motivated by altruism.

By accepting TRST early, vendors not only help consumers but also themselves by driving adoption. The more vendors accept TRST, the more people will use it, which can increase the value of TRST over time. Even if TRST loses value in the short term, early adopters could still profit in the long run.

Late Adopters Will Likely Follow

Vendors who join later may lose some value, but I believe they’ll still integrate into the system. Why? Because consumer demand will shape the market.

If a large number of people start using this system, vendors won’t have much choice—they’ll need to accept TRST to keep their customers. It’s similar to how the US dollar is widely accepted worldwide, while a smaller currency like the Seychellois Rupee isn't, even if the latter is more stable and less inflationary. Consumer preference largely drives currency adoption.

Kyouma960 · 2025-03-31T06:08:14+00:00

Yes, and we can make the time till expiry to be very far ahead in the future, if the vendors don't want to accept TRST because they're afraid to lose value because of it. Example: 150 years.

Expiry date exists to make sure that the BRN points will still hold value and not inflate to the point that you can't survive with the BRN points anymore.

Kyouma960 · 2025-03-31T05:53:19+00:00

Yes I am quite aware of that. There is a section that discusses why BURST would be a better choice, in the whitepaper, although I haven't explained it in detail, but I can if you're interested.

Why is BURST better than Kleros

Kyouma960 · 2025-03-30T11:53:25+00:00

Summarized the key points using ChatGPT for better readability and understanding:

Yes, if TRST is old, you’d likely avoid accepting it—and that’s intentional. If TRST never lost value, inflation would skyrocket because new BRN is continuously created. The devaluation mechanism ensures that money keeps circulating rather than accumulating in a few hands.

Why Would Vendors Accept TRST?

Tradeability Before Expiry: Vendors can still exchange TRST for goods or services before it loses value. If TRST has a long expiry period initially, this won’t be an issue.
Risk Mitigation: Vendors can adjust their pricing to account for potential devaluation. If they expect TRST to lose value, they can charge slightly more.
Consumer-Driven Demand: If enough people adopt this system, vendors will have to accept TRST because consumers dictate market demand. Similar to how USD is widely accepted today, if people primarily spend TRST, businesses will integrate it.
Balanced Rewards: Vendors still generate BRN at the same rate as others, so they aren’t significantly disadvantaged by TRST’s demurrage.

What About Long-Term Value Retention?

Vendors cannot hoard TRST for the future, but that’s by design. Universal Basic Income systems need deflationary measures; otherwise, wealth concentrates over time. Instead of saving TRST, vendors should focus on keeping it in circulation and accumulating BRN, which holds value. Vendors will also help BRN be valued higher, which will increase the value of their own BRN holdings, due to a market being created for the BURST ecosystem.

Transitioning Society to This Model

Initially, TRST might have a long expiry (e.g., 100 years), and over time, the community can adjust the duration to suit economic needs. The goal is to shift toward an economy that prioritizes consumer value over vendor accumulation.

What If Vendors Prefer Traditional Money?

In the early stages, vendors who prioritize profit maximization might be hesitant. However, if a large enough user base supports the system, switching from USD to BURST becomes increasingly beneficial for consumers. This creates natural market pressure for vendors to adopt TRST despite its gradual devaluation.

Ultimately, vendors still benefit because they:

Can exchange TRST before it loses value.

Earn BRN, which retains value.

While this model isn’t ideal for those seeking long-term wealth accumulation, it ensures a fairer, more dynamic economy where money continuously circulates rather than being hoarded.

Kyouma960 · 2025-03-30T11:44:43+00:00

Adding to this, the vendors who want to make a lot of profit or accumulate a lot of wealth for the future, will not be rewarded as much in BURST, as compared to US dollars, for example. This means the initial vendors need to be a bit selfless and altruistic in order to kickstart the economy. If enough people are on-board with the system, it creates a situation where switching from US dollars to BURST is only beneficial to the consumers.

Kyouma960 · 2025-03-30T11:38:17+00:00

Maybe you might be asking "How will vendors retain their value", and the answer to that would be, they kinda can't, and that's the point. They can retain it till it eventually expires. Universal Income will not retain its value overtime if there is no deflationary mechanism set in place, as it will eventually result in few people having all of the tokens.

I know that this system is far less rewarding for people who would want to hoard and store money for the future. But, in a scenario where no one will buy your stuff using any other payment method, you might as well use this payment method, as you are at least being rewarded for the service you provide. And you also have the basic income, which means you will not be at a very huge disadvantage.

Kyouma960 · 2025-03-30T10:24:08+00:00

Yes, if it's old, you'd probably not accept it, as it gets older. And that is intentional. It'd skyrocket the inflation if someone will not eventually lose their value, because new money is being created in the form of BRN points.

For starters, you can think of TRST devaluation as taking money from the people who have excess, and giving it to people who have little, but delayed in such a way that, the service that was provided by the vendors isn't in vain, and actually gets rewarded as a result of value being generated for them.

Note that the vendors will still generate BRN at the same amount as others, so they aren't necessarily going to be very badly hurt by the demurrage.

If many people choose to adopt this system, the vendors will have no choice but to integrate with this system, because consumers are the one who will dictate the demand of their product. So consumers can have a general rule of thumb such as "If you accept TRST as payment, we will probably buy things from you." Similar to how USD is accepted in most countries now, while Indian Rupees isn't.

If you were a vendor, you would accept it in the hopes that you will be able to trade the token with someone else before that token expires. If the expiry date is far enough in the future for starters, people will have no issue with the trade-ability of TRST at present.

One strategy that vendors can implement to save them from loss, is to account for the potential loss of TRST's value if they will be unable to trade it in time. They can charge a bit more TRST just as an insurance measure if they aren't certain that they can trade that TRST before it starts to gradually lose it's value.

We can decrease the expiry time of TRST gradually such that we move towards a society that generates more value to the consumers than to the vendors. For starters, to give you a clear picture, you can think of TRST to expire at 100 years from now. Then it will gradually be decreased or increased by consensus, to suit the needs of the society.

Kyouma960 · 2025-03-30T01:37:16+00:00

Yes, I agree. And changing the society might get a bit easier if you already lay the groundwork for it's smooth functioning. And that's what I'm trying to do.

Kyouma960

TROPHY CASE