MARSCOINA CRYPTO-CURRENCY EXPLORING PRIVATE METHODS OF FUNDING OFF-PLANET COLONIZATION
MASSIVELY EXPENSIVE PROJECTSAND HOW WE FINANCED THEM IN THE PAST
FUNDING MASSIVELY AMBITIOUS & EXPENSIVE UNDERTAKINGS IN HISTORY1. RELIGION 2. WAR 3. ECONOMIC RETURN
SEARCH FOR ECONOMIC RETURN - PRIVATE OR GOVERNMENT?A LOOK AT HISTORIC PARALLELS
successful colonization was private business
Private: The Merchant Adventurers, 1505
Private: British East India Company - 1600 to 1875
Private: London Company of Virgina - 1606
Private: Plymouth Company - 1620
Private: Massachusetts Bay Company - 1629
Private: Company of New France - 1627
Private: Dutch West India Company - 1621
Private: Dutch East India Company - 1602 to 1796
Government: Spanish crown: centrally controlled resource extraction - beaten by British joint-stock companies (Francis Drake)
COLONIZATION WAS TOUGH BUSINESSLATE IN 1606, ENGLISH ENTREPRENEURS SET SAIL WITH A CHARTER FROM THE VIRGINIA COMPANY OF LONDON TO ESTABLISH A COLONY IN THE NEW WORLD. !AFTER A PARTICULARLY LONG VOYAGE OF FIVE MONTHS DURATION THEY FINALLY ARRIVED ON AMERICAN MAINLAND ON APRIL 10, 1607. !HERE THEY HAD TO BUILD GRASS ROOT INFRASTRUCTURE FOR THE SETTLEMENT OF THE COLONISTS AND SUFFICIENT FOOD HAD TO BE CULTIVATED QUICKLY.
HOW WERE THESE COMPANIES ORGANIZED?WHAT MADE THEM SO SUCCESSFUL?
JOINT-STOCK COMPANYA FORERUNNER OF THE MODERN CORPORATION THAT WAS ORGANIZED FOR UNDERTAKINGS REQUIRING LARGE AMOUNTS OF CAPITAL. !MONEY WAS RAISED BY SELLING SHARES TO INVESTORS, WHO BECAME PARTNERS IN THE VENTURE. ONE OF THE EARLIEST JOINT-STOCK COMPANIES WAS THE VIRGINIA COMPANY, FOUNDED IN 1606 TO COLONIZE NORTH AMERICA. !BY LAW, INDIVIDUAL SHAREHOLDERS WERE NOT RESPONSIBLE FOR ACTIONS UNDERTAKEN BY THE COMPANY, AND, IN TERMS OF RISK EXPOSURE, SHAREHOLDERS COULD LOSE ONLY THE AMOUNT OF THEIR INITIAL INVESTMENT. ENCYCLOPÆDIA BRITANNICA
PEER TO PEER CRYPTOCURRENCYA FORERUNNER OF MODERN CRYPTOCURRENCY THAT WAS ORGANIZED FOR UNDERTAKINGS REQUIRING LARGE AMOUNTS OF CAPITAL. !MONEY WAS RAISED BY TRADING A ALGORITHMICALLY LIMITED DIGITAL STAKE TO INVESTORS, WHO BECAME PARTNERS IN THE VENTURE. ONE OF THE EARLIEST P2P CRYPTOCURRENCIES WAS MARSCOIN, FOUNDED IN 2014 TO COLONIZE MARS. !DUE TO ITS MATHEMATICAL NATURE INDIVIDUAL SHAREHOLDERS PARTICIPATED ON A GLOBAL LEVEL AND COULD LOSE ONLY THE AMOUNT OF THEIR INITIAL INVESTMENT PROFITING FROM AN INCREASED EXCHANGE RATE UPON SUCCESS OF ECONOMIC ACTIVITIES THAT UTILIZED THE CURRENCY. ENCYCLOPÆDIA MARTIANNA
what were investor motivations?
Wealthy merchants who were eager to find investment opportunities
They formed “companies” (of individuals) who purchased shares of company stock. They were given a monopoly to explore, trade or settle a particular region of the world.
Profits were shared among the investors according to the amount of stock they owned. Between 1585 and 1630, more than 6,300 Englishmen and women invested in joint stock companies.
Colonization Companies paid all the costs of establishing each colony
They controlled all land and resources and required everyone to work for the Company.
Investors, called “adventurers,” purchased shares of stock to help finance the costs of establishing overseas settlements.
Money from the sale of stock was used to pay for ships and supplies and to recruit and outfit laborers.
A single share of stock in the Virginia Company costed 12 pounds 10 shillings, the equivalent of over six month’s wages for an ordinary working man.
Colonization companies engaged in PR-campaigns: pamphlets, plays, sermons throughout England to raise interest in New World investments.
Shareholders could buy stock individually or in groups of different occupations and classes, including wealthy men and women, and representatives of institutions such as trade guilds, towns and cities.
In exchange for seven years of labor for the company, the company provided passage, food, protection and land ownership.
In 1609 the Company to choose its new governor from amongst its shareholders. Investment boomed as the Company launched an intensive recruitment campaign. Over 600 colonists set sail for Virginia between March 1608 and March 1609.
summary of a forgotten history
geo-political initiatives by private individuals or commercial organizations, with profits or the equivalent as a primary incentive of the organization.
Sir Francis Drake, commander of powerful joint-stock navies (there was no royal navy) defended Britain against the Spanish armada.
The main colonial companies, such as the East and West India companies of Britain, the Netherlands, and other colonial powers, deployed their own naval forces to protect their own fleets.
Most of the British colonies overseas (and many of those of Britain's rivals) were organized as corporations for profit, and most of these at one point or another issued stock.
SO SUCCESSFUL COLONIZATION WAS A PRIVATE ENTERPRISE… MOTIVATED BY ECONOMIC INCENTIVES: !• NEW LAND • NEW RESOURCES • NEW FACTORIES • FREEDOM AND LIBERTY • PARTICIPATION IN EXPANSION • PROFIT !
BUT… !WHAT DOES ALL OF THIS HAVE TO DO WITH CRYPTO-CURRENCIES?
WHAT IF WE WERE TO FOUND A MODERN MARS COLONIZATION COMPANY? !HOW WOULD IT LOOK LIKE?• ALLOW GLOBAL INVESTMENTS • BUY AND SELL SHARES ANYWHERE ANYTIME • PROFIT FROM MARS COLONY DIRECTLY • TRANSFER SHARES FREELY • SUPRANATIONAL - NOT FAVOR LOCATION,
ETHNICITY AND BACKGROUND • OWNERSHIP SHOULD BE PRIVATE & SECURE • NO SINGLE POINT OF FAILURE
WHAT WOULD INVESTORS/STOCKHOLDERS SEEK TO PROFIT FROM?
POTENTIAL DIVIDENDS BY INVESTING IN A NEW WORLDA GROWING ECONOMY
HOW CAN SHARES BE USED TO MEASURE THE SUCCESS AND ALLOW INDIVIDUALS TO PROFIT FROM A GROWING ECONOMY?
WELCOME TO THE WORLD OF BITCOINCRYPTO CURRENCIES ARE SUPRANATIONAL DECENTRALIZED PRIVATELY SECURED STOCKS
BITCOINSUCCESS OF SOUND MONEY SYSTEM THAT WAS NOT SUPPOSED TO BE SUCCESSFUL
AND NO, IT HAS NOTHING TO DO WITH COINS…
“A CURRENCY THAT NOT ONLY DISCOURAGES DEBT, BUT EARNS ENOUGH MONEY TO PAY OFF PREVIOUS DEBT, PLUS ENCOURAGES SAVING? !IT SEEMS UNTHINKABLE TO PEOPLE TODAY. THAT’S BECAUSE NONE OF US IN LIVING MEMORY HAS HAD EXPERIENCE WITH A CURRENCY THAT RISES IN VALUE. AS A FREE-MARKET CURRENCY, IT DOES WHAT CURRENCY SHOULD DO, WHICH IS INCREASE IN VALUE OVER TIME… DURING THE SECOND INDUSTRIAL REVOLUTION, AFTER THE CIVIL WAR IN THE SO-CALLED GILDED AGE, WE HAD A GOLD STANDARD. PRICES WERE GENERALLY DECLINING FOR EVERYTHING. ANOTHER WAY TO LOOK AT IT: THE DOLLAR WAS GROWING MORE VALUABLE. IT’S ALMOST IMPOSSIBLE FOR US TO EVEN CONCEIVE OF A WORLD THAT WORKED THIS WAY. !THE DOLLAR BOUGHT THREE TIMES AS MUCH GRAIN IN 1894 AS IT DID IN 1867. IT BOUGHT NEARLY TWICE AS MUCH COTTON IN 1877 AS IT DID IN 1872. FARMLAND BECAME MORE AFFORDABLE. IN GENERAL, THE DOLLAR GAINED 2% IN VALUE THROUGH THE WHOLE PERIOD. WAGES WERE FALLING NOMINALLY, BUT RISING IN REAL TERMS, SIMPLY BECAUSE THE DOLLAR COULD BUY MORE. YOU WERE GETTING RAISES EVEN WITHOUT BEGGING THE BOSS.”
Economist Jeffrey A. Tucker
0.0000001 USD TO 10,000,000,000
BITCOIN
STARTED VALUE2009-PRESENT
SATOSHI NAKAMOTO’S5 YEAR EXPERIMENT
how does a crypto currency work?
why does it gain in value?The Bitcoin network issues an algorithmically limited amount of coins. !In a growing economy the same amount of money captures a growing amount of productivity and thus value creation, wealth. !Prices fall and every individual benefits from the growth of the economy, immediately and directly.
• limited • secure • divisable • digital • instant • private • global
2014 -a wave of innovationBitcoin is to banks, insurance and finance companies what the Internet is to media companies.
We witness an explosion in private money and digital global architectures built on top
A wave of innovation: micropayments, proof of ownership, smart contracts, p2p loans, p2p insurance, decentralized stock exchanges, programs and software that automatically buys and sells
MARSCOINOR WHY WE WON’T SEE ANY PAPER MONEY, MINTED COINS NOR PAYPAL ON MARS
What if the entire economy of a newly developing planet would rest on
Digital Gold
Text
MarscoinA modern global private colonization effort utilizing the power of crypto currency
Marscoin is the best choiceIt appreciates only with successful mission progress
It is voluntary and global
It offers true financial incentives
It can be easily operated on Mars
500k MRS donated to MarsOne
500k MRS donated to The Mars Society
Reason #1 !
A limited supply currency that appreciates alongside mission progress
Reason #2 !
It is mankind’s greatest kickstarter project that will pay out for generations upon success
Reason #3 !
You buy a share of the future Mars economy. The time and offer is limited.
Reason #4 !
Running an entire banking sector, value store, stockexchange, timestamping service on Mars is this simple:
How do we make it happen?2014 Marscoin launched 2014 Community donations 2015-2023 Investment Period 2024 USB stick goes to Mars 2025 Marscoin on Mars 2026 > Global Mars Economy runing on Marscoin = Mars Bitcoin - supporters start profiting
Profit scenariosNASA buys Marscoin from investors to pay Marstronauts to do scientific experiments on Mars
Billionaires on Earth trade BTC for Marscoin to buy real estate on Mars. Colonists use funds for resupplies.
“Interplanetary Exchanges/Coins” with slow confirmations build market exchange between planetary crypto networks
Colonists explore Mars caves and get paid for the global TV coverage in Marscoin, paid for by investors who trade Marscoin for Bitcoin on Earth
Colonists trade, timestamp and document ownership on top of the Marscoin cryptocurrency. No need for banks, FEDs, administrative overhead.
Mars One Mars Society Investors
all benefit globally
all benefit immediately
all progress on Mars means immediate profit for those who took a stake and supported the idea
all use is voluntary and without commitment
no one point of failure - the public ledger has to just somehow get to Mars with the first batch of colonists
Sources & Recommended Reading
http://unenumerated.blogspot.com/2006/02/roundhead-revolution.html
http://unenumerated.blogspot.com/2007/08/why-industrial-revolution.html
Good versus Bad Deflation: Lessons from the Gold Standard Era, Michael D. Bordo, John Landon Lane, Angela Redish
http://mises.org/daily/4618/Is-Deflation-Really-Bad-for-the-Economy
http://theamericanwestaneclectichistory.blogspot.com/2012/11/differences-between-british-and-spanish.html
http://www.pitt.edu/~mitnick/MESM10/History%26theoryoffirmrevss.pdf
https://lfb.org/what-bitcoin-is-teaching-us/
http://www.forbes.com/sites/peterdiamandis/2014/06/23/my-insights-on-bitcoin-going-from-deceptive-to-disruptive/