If ZeroCash Funds Projects Using Funders’ Influence Exclusively, Can Influence Be Considered As A New Asset Class?
In previous articles we had described how ZeroCash funds projects using tokenized influence of the funders without risking or parting with any cash. This influence is harvested from the potential worth of human interactions or their tangible or intangible assets staked.
If influence-based crowdfunding is actually possible, then wouldn’t influence qualify as an asset class, just like:
a) equities,
b) bonds,
c) cash equivalents,
d) real estate,
e) commodities, and more recently,
f) cryptocurrencies, and even,
g) human capital?
To answer the question we first look at the definitions of the terms influence and capital.
Oxford Dictionary defines influence as “the capacity to have an effect on the character, development, or behaviour of someone or something, or the effect itself.”
And, the term capital is defined as, “wealth in the form of money or other assets” and a “valuable resource of a particular kind.” What are those ‘other assets’? Almost anything one owns and uses for personal or investment purposes is a capital asset.
If influence isn’t “wealth in the form of money,” can it be the “other asset” or “valuable resource” that can have effect on wealth, explicitly in the context of the influence-based crowdfunding (ZeroCash) that we developed?
To investigate the concept further, we formulate a detailed hypothesis covering all the variables that were involved in developing the influence-based crowdfunding technology.
Formulating A Technical Hypothesis
An autonomous, decentralized network of computer nodes using consensus based asset staking ledger technology creates a new large asset class of human capital — Influence — that is harvested from ownership of tangible or intangible assets owned by individuals or legal entities, and that can be tokenized for sharing, delegating, leasing, mortgaging, without actually ceding the custody or compromising the ownership of the underlying asset or subjecting it to any kind of risk, and can be converted to any fiat currency of choice.
The technical hypothesis can be broken down into following elements:The technical hypothesis can be broken down into following elements:
- An autonomous, decentralized network of computer nodes using consensus based asset staking ledger technology (blockchain);
- creates a new large asset class of human capital — Influence — ;
- that is harvested from ownership of tangible or intangible assets owned by individuals or legal entities;
- that can be tokenized for sharing, delegating, leasing, mortgaging, without actually ceding the custody or compromising the ownership of the underlying asset or subjecting it to any kind of risk; and,
- can be converted to any fiat currency of choice.
In the next article we test each of the elements of the hypothesis to establish whether influence capital can indeed be considered a new asset class.
If you like what you read, please do share your influence. Let’s just show you one simple way to do it.
This post was originally published on Medium
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