Following is a proposal that passed through the Earth Nation Decentralized Autonomous Alliance.
"I AM SO EXCITED TO SHARE THIS PHENOMENAL PARTNERSHIP OPPORTUNITY!
Dear Family reading this.... this alliance is what we have been calling in for so many years. This group wants to allow us to continue operating exactly as we are, a democratic DAO.
I understand concerns regarding an investor takeover. Please understand, that this group truly intends to allow us to continue functioning exactly as we already are.... except with SO MUCH MORE SUPPORT from the WORLD OF MONEY.
If for some reason the Man found Standing and associates were to begin adding unaligned restrictions to our ability to issue equality coins, we can simply go back to sovereign keys. This is such a WIN WIN WIN! We cannot lose!
Attached is the Equality Coin Whitepaper
Latest email from the Man Found Standing which includes our partnership agreements.
"1. The beta Equality Coin on the waves platform will replace your keys. All the keys (about 50,000 of them) on the open market can be exchanged for the Equality Coin at a rate of 1 to 1. The waves platform Equality Coin will be replaced by the Equality Coin that is being built on its own platform. (These Equality Coins will be the currency to use with merchants, organizations, people, and so forth that want to be apart of the world change / Earth Nation. The Equality Coins will be backed by physical assets.) I would highly suggest we start selling the Equality Coin for more (I am thinking $4.00 per coin but we may only want to do it for $2.00 for now.) That way we can start to increase the value and the exchange purchase price. (The more coins are out there at low prices, the harder it is going to be to raise the value.)
I will get you $10,000.00 to assist your ASC projects to move forward.
I will maintain the exchange at a stable level for the buying and selling of the Equality Coin. As coins are sold, we will move the price up.
My people will maintain the EqualityCoin.org website. This website will just be an educational site about the Equality Coin. We will have links to approved organizations (like the ASC) and merchants on this website that are using the Equality Coin.
I will get the organizations I know to commit to back the Equality Coin with physical assets. I have attached a commitment pledge doc that I made up. (These pledges, or something like this if you want to change them up, will go on the Equality Coin website as proof of backed assets.) I will get over 6,000 oz of silver to back the Equality Coin right now and I will get another 2 to 3 million in other backing right away.
You will get your organization to commit to back the Equality Coin with signed/notarized commitments. --- Now here is the real tricky part. --- Really this is all about trust between us and our groups. I know what I want to do, and I understand what you want to do as well. We are on the same page with all of this but also we want to be "safe" with everything. Don't want to build something and have it come crashing down. --- So with the organizational commitments we want to get them funding for the amounts they have committed. Now down the road when we have a million or so people in the groups and using the the Equality Coin, things will not be so precarious as they are now. That will be simply because of volumes of funds coming in from the transaction fees, sales of coins, and our teams of merchants. (Example: If an organization has 5 million in backing but they are not doing what they said they are doing, the coin holders can vote to not give that organization any more funds. Now if that organization gets mad, they will probably break their commitment and pull their backing of the Equality Coin. Now this will create less backing for the coin and could cause the coins price to drop a little. At the very start of this, it could be hard to clime out of that 5 million dollar pit. But lets say in a few years we are earning a million dollars of backing a day, really taking a 5 million dollar hit would hardly effect things at all.)
So here is the main issue --- I look at things from all angles. Now the issue I have is my "devils advocate" view of looking. Here is that view ---- if we give the organizations Equality Coins for their backing commitments, they can take those coins and use them how they want. Sell them to their people, give them to their people, or start to sell them on the open market. Now if I got you a bunch of coins and you started selling them on the market, its going to crash the market down. Now that may be fine if we are still working together but it could be very bad if you or your groups then wanted to then pull out. --- So basically the "bad" would be I get you millions of Equality Coins for your organizations. You dump them all on the exchange and with the merchants I am setting up. You then walk away with hundreds of thousands of dollars and then you say, "I am no longer supporting the Equality Coin were going back to Keys/or some other crypto." This will literally set me back majorly financially and would destroy my standing with the merchants and probably set back the Equality Coin back a few years. ---- That is a major risk for me and the main reason why I wanted to come out and meet you in person.
So I would like your commitment to the Equality Coin and your personal promise that you won't destroy the coin. I we also need to work out how to disperse the coins to the non-profits. (If we want to do it safely, or if we just want to do it and trust we both have the best intentions and are committed to the long term vision.) Personally, I am leaning towards the way of give all the non-profits that are backing the currency with all their Equality Coins at a value of $4.00 or maybe even higher than market at $5.00 per coin so they won't dump them until the market has risen to that level. (Then we give very strict instructions on their distribution of those coins to the open market.) So I need your feedback here.
We get rid of any information mentioning your Keys and replace that information with mentioning the Equality Coin. We will want to start working together on getting videos out with the Equality Coin information."
My Response. "So. Here is what we've been doing to prevent the same thing happening with our keys.......
When we approve an organization..... we reserve the amount we approved them for in a specific account.
We then issue them keys in 1000 amount imbursements. Before they get another 1k they show us a spreadsheet of where all of the coins went AND before they get their first 1000 they tell us exactly where it is going!
Of course, we can increase this amount to whatever seems reasonable on a case by case. The general idea remains the same. The coins are held in an account that we/you control until they/we need more!".
This proposal was created by Dakota Kaiser. It was approved.
This is the 40th Major Decision made by Earth Nation Voteholders.
Learn more at https://asc.ai
