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RE: Homestead Co-Op, Aspirations and Ruminations
I know I'm about 6 days late with this but I finally got through the VIVA white paper and studied the website. I am a bit confused about the implementation. For instance is it a application that is run independent of steemit on top of the blockchain? Is a board elected to oversee its day to day activities and ensure its operating as it should? Does Ned's announcement of the new tokens (SMTs) change opinions within the homesteading community. I kinda see it as being similar to the VIVA concept.
Am I off base and overthinking (there is a tendency for me to do such a thing...) it wouldn't be uncommon.LOL Please feel free to set me on the right path if these questions are symptoms of my disorder.🐓
No worries... the whitepaper is complicated. I'm still trying grasp a lot of it. I'll do my best to untangle things.
VIVA is entirely separate from Steemit. The only connection is that you can use Steem & SBD to trade for VIVA products on Tradeqwik.
My interpretation is that VIVA will be built on a next level blockchain model, but instead of using a single chain, VIVA is using a block 'fabric'. (Think medieval chain mail the knights wore as opposed to a single link chain.) This is supposed to provide quicker transaction speeds and way more room to expand rapidly.
I think the Steemit Media Tokens will certainly come into play for our Co-Op idea. I can see them both being valuable, because it gives us even more options to increase our earnings. For instance, The HUB Co-Op General Store could accept VIVA, plus we could also issue our own HUB-centric coin or set up things to accept the SMT Coins if homesteads want their own specific coin.
The main difference between VIVA and SMT's is that VIVA will encompass an entire economic system, while VIVAcoin, Steem, SBD, and SMT are tools within that system. For example: VIVA will be able to support a retirement plan (via Tradeqwik) which may have been funded by lots of different coins converted into VIP (VIVA Investment Plan), which will then be paid out to your VIVA debit card, which you use like any bank card.
The 'board' are the Crown Holders. They have a place on a site called Basecamp where they meet, discuss plans, and vote on those plans. At this point, I actually hold 2 Crowns, but I only get 1 vote regardless of how many I hold. (That keeps someone from monopolizing the whole thing.) I'm contemplating gifting one of the Crowns to the Co-Op, so it will have a say, too. I'm not sure this is feasible, but it's on my radar.
These are exactly the types of questions and policies we'll get to iron out in setting up the Co-Op by-laws. Thanks so much for asking them!
*** Edit to correct: VIP stands for VIVA Investment Pool.
Thanks so much for making it much clearer, it all makes perfect sense. I think the co-op is a great idea! I would be interested in online classes and other educational endeavors.🐓