Protocol for Information Valuation with Open-source Traceability
<aside> 💡 Free to use. Donate to support. Truthful to earn.
</aside>
The PIVOT protocol is a Ponzi-like mechanism where later participants distribute funds to earlier participants, but earlier participants are restricted by the protocol from selling their tokens, thus primarily solving the collapse issue common in other financial protocols. Later participants gain more information symmetry, thereby attracting more risk-tolerant participants.
PIVOT aims to explore a sustainable fourth type of economic model, filling the last remaining model gap. It uses price valuation signals to actively mobilize market resources.
| Public Greed | Public Selflessness | |
|---|---|---|
| Producer Greed | Adam Smith | Religious Rule |
| Producer Selflessness | P.I.V.O.T. | Karl Marx |
As a general rule, the longer a man's fame is likely to last, the later it will be in coming; for all excellent products require time for their development. The fame which lasts to posterity is like an oak, of very slow growth; and that which endures but a little while, like plants which spring up in a year and then die; whilst false fame is like a fungus, shooting up in a night and perishing as soon.
And why? For this reason; the more a man belongs to posterity, in other words, to humanity in general, the more of an alien he is to his contemporaries; since his work is not meant for them as such, but only for them in so far as they form part of mankind at large; there is none of that familiar local color about his productions which would appeal to them; and so what he does, fails of recognition because it is strange.
People are more likely to appreciate the man who serves the circumstances of his own brief hour, or the temper of the moment,--belonging to it, living and dying with it.
The general history of art and literature shows that the highest achievements of the human mind are, as a rule, not favorably received at first; but remain in obscurity until they win notice from intelligence of a high order, by whose influence they are brought into a position which they then maintain, in virtue of the authority thus given them. [1]
—— The Wisdom of Life by Arthur Schopenhauer
The great figures of the past selflessly bestow gifts upon the masses of the future, while these future masses greedily enjoy these gifts, yet due to the unidirectional nature of time, cannot reciprocate to these great figures of the past. Clearly, this "zero-cost acquisition" is not a healthy economic model. On a personal level, unless these great figures achieve absolute and complete selflessness, their motivation will be frustrated by the inability to receive feedback; on a public level, because these great figures are not understood by their own era, they cannot obtain the means of production they need, thus greatly reducing their work efficiency.
As Schopenhauer states in the quoted text, "The more a person belongs to posterity, that is, to humanity as a whole, the less they are understood by their own time, because their contribution is not merely for their era, but for all of humanity."
The greater the contribution, the longer the supply-demand cycle becomes, often extending beyond a single lifetime. However, traditional supply and demand theory requires that supply and demand match occur simultaneously. P.I.V.O.T. is a financial protocol that can solve this problem — utilizing the greed of future masses to nurture selfless producers, achieving supply-demand matching across time and space, filling the last remaining model gap.
What is a non-depreciating asset?
Difficulties of Traditional Economics
P.I.V.O.T Protocol： Protocol for Information Valuation with Open-source Traceability