CRYPTOPONO

Proposal of the first cryptocurrency compensated labor system for development on Mars: CRYPTOPONO 

The arrival of the first colonization on Mars is imminent. Without a doubt, the highest priority is to ensure their existence and that of the following generations through the development of a sustainable society. That is why it is necessary to propose systems that are the bases to achieve this goal.

Too much to read? Take a look at the CRYPTOPONO system in pictures here.  

What will be the future of the economic system on Mars in the first years of the arrival of humanity?

The typical system of trading goods and selling products (food, materials and other resources) is not expected to be viable, at least in the first few years of the arrival of the first inhabitants on Mars, mainly because there will be no foreign markets or internal (I hope so...). Since in fact the basic resources will be distributed equally as well as other goods for the inhabitant.

How can we use human knowledge about the processes, policies, and protocols used in the earth's economic system?

If it is not necessary to exchange: food, materials, among others. And that?. A resource that will be very valuable at the beginning of the Martian civilization is the individual and collective work capacity of people. Therefore, knowing how to manage this new resource will be essential to achieve a sustainable society.

How does the CRYPTOPONO system manage this new "resource"?

The CRYPTOPONO system is responsible for assigning activities that maintain and promote the development of Martian society and rewards the people who are dedicated to fulfilling them with the Martian Dogecoin (MD). A digital currency that will mainly be exchanged with other people or with the same system, for the power to recline from doing the assigned activities, so that the person has more time to enjoy martian life more than usual. The amount paid to perform an activity and the amount needed to decline an assigned activity vary according to the supply and demand of the available activities.

How do you verify that an activity is performed by a person?

It is proposed to organize people by roles of verifier and worker. The role assigned to each person at the beginning will be random and will change from time to time. The people with the worker role will be in charge of carrying out the activities, while the verifiers will be in charge of supervising the person's work and creating new activities that are necessary for the system to assign them. Verification that an activity has been performed by the worker is a system decision, based on the verifier's approval and while the worker is in the assigned areas while performing the work. For each day an amount of MD is automatically paid to the verifier. this may vary for each period.

How do you interact with your MD balance and the system?

Each person should have a digital wallet along with a personal device that is responsible for authenticating the user with biometric technology to allow them to view pending activities and those that are available. It will also gain more functionality when physically connected to the system network.

How are the operations carried out with the MD?

MD transfers to collect payment for an activity carried out, pay for refraining from carrying out an activity or transfer the balance to another user will be made in specialized modules that connect them to the network, it is only necessary to enter the personal device to authenticate and be connected

Why use cryptocurrencies and not another system?

A decentralized system of rewards is necessary to avoid a possible abuse of MD distribution for each activity carried out caused by internal manipulations (come on, let's accept that not all the people selected to go to Mars will be willing to work for a sustainable society). Which leads to one person having more privileges than others. While it is true that this technology consumes a lot of resources, many networks are currently being developed on earth that aim to be more efficient in terms of energy consumption and hardware to choose from.