Resourced Based Economy
The monetary system was once a great analytical instrument designed to measure and balance, contribution and consumption. Individuals access to resources are reflected with currency. But this model is susceptible to hacks. Since society associate most things to money, route monetary problems are systemic.
Social networks are reducing our degrees of separation in conjunction with this new technology, debt circle cancellation technologies are now becoming possible. which will help put liquidity back into the economy. Since digital currency will run parallel to digital communications, there is now a real possibility of retiring the monetary system.
Within the first of many markets WAVE has applied a technology solution which achieves the effects of Jacque Fresco’s Resource Based Economy ideology. A workable solution by which society accepts that there are enough resources for everyone who actively contributes to society. A Non-incentivized motivation to explore, create and share is expected to return to natural people.