Direct Democracy, Direct Economy

Published by jeromekelsey 15 Jun

Direct Democracy, Direct Economy


Imagine a diverse, borderless nation that includes a Universal Basic Income for all of its citizens. UBI that is not treated as a “hand-out” but instead represents a “hand-in-hand” from all participants equally.

Imagine that — instead of a Central Bank — all citizens work together to decide the direction of their economy within a structure of defined constraints and informed consent.

Imagine that the principles of a direct democracy are applied to this shared economy in a completely decentralised manner.

Congratulations, you have now imagined the project—currently underway—named FREEOS.

FREEOS stands for freedom. It is a tool for economic freedom. It represents a lighter — more free — alternative to a central bank. It includes — through voting — the freedom to directly determine one’s economic well-being. The term, Direct Economy, describes this new application of direct democracy towards economics.

As the opening statement suggests, FREEOS can be likened to entry to a borderless, globally distributed nation with a firm policy of Universal Basic Income. This unique version of UBI comes with two basic conditions: that one has a basic economic stake in the nation, and that one participates in the Direct Economy through voting.

FREEOS is designed to be fair, evenly distributed, and provides a way for people to come together to mutually benefit each other — a decentralised digital commons. It is a collaborative approach to improving both an individual’s freedom and well-being — as well as towards society.

FREEOS is not simply freedom for freedom’s sake. It is not merely a rallying cry. It does not just represent “freedom from”. Instead, it represents “freedom for”. Freedom for determining the economic well-being for oneself and for the greater community that we all live within.

How do we accomplish this? By building a voting system on the EOS blockchain, tied to a secure economic structure. All that is needed is to have a basic stake in the FREEOS economy and a willingness to participate in a simple voting system. This entire system is designed to be easy to use, transparent, open—yet extremely secure. It is designed to encourage responsible growth, consensus and connection towards a shared commons.

All are welcome to use this new digital tool. A tool that is designed to incentivise a positive, mutually beneficial dynamic of cooperation. Cooperation amongst a diverse group of strangers distributed all around the globe.

All are welcome to join this upcoming FREEOS community.

(This project is nearing completion. Stay tuned for more details.)


2 Endorsements 0.2000 EOS
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