We live in an era where the wealth gap is steadily increasing. Cryptocurrency represents humanity’s best chance of closing it. It is crazy to think that a cryptocurrency with a fair and balanced distribution scheme has not yet been conceptualized, given the deleterious effects of the wealth gap on our lives.
Project Oblio: Mobile Populism has been under construction since 2015 and is best explained and understood by reference to the EOS cryptocurrency. The main difference between Oblio and EOS is that here, votes for block-producers are based on a potentially-anonymous and fluid biometric trust level.
EOS rate-limits transactions at the smart contract level, whereas Oblio limits them at the user-level. EOS votes based on wealth, Oblio requires a minimum biometric trust level for voters to take action. With Oblio, block producers can be voted in and out based on their personality, not on the quantity of tokens in their possession.
Cryptocurrency exchanges which rely primarily on automation with their wallets are the ones which pay the most in user fees. Nevertheless, these fees are unlikely to amount to exceed those of competing blockchains; automated transactions comprise ~99% of transactions anyway. With humans engaging in such a miniscule amount of transactions themselves, distinguishing between a person sending money to a friend, and a segment of artificial intelligent being put to work for a business, has become a challenge. Fortunately, we believe we can overcome that challenge.
The real secret Satoshi doesn’t want you to know? The slight catering towards CPUs (“one-CPU-one-vote”) is what causes blockchain fees, and prevents true adoption. The same goes for any consensus algorithm relying on token-based wealth.
You’ll soon use the OBL (the abbreviation designation for the ‘Oblio’ coin) that you collect here to send payments to your friends and family at no additional cost. In fact, with Oblio, any smart contract which you want to access is well within the realm of being a feeless transaction.
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