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<!doctype html>
<html lang="en">
<head>
<meta charset="UTF-8" />
<meta name="viewport" content="width=device-width, initial-scale=1.0" />
<title>~tocwex.syndicate</title>
<link href="./output.css" rel="stylesheet" />
<link rel="preconnect" href="https://fonts.googleapis.com" />
<link rel="preconnect" href="https://fonts.gstatic.com" crossorigin />
<link
href="https://fonts.googleapis.com/css2?family=Poppins:ital,wght@0,100;0,200;0,300;0,400;0,500;0,600;0,700;0,800;0,900;1,100;1,200;1,300;1,400;1,500;1,600;1,700;1,800;1,900&display=swap"
rel="stylesheet"
/>
<script src="https://unpkg.com/htmx.org"></script>
</head>
<body class="max-w-screen-2xl mx-auto">
<nav class="mx-4 mt-1.5 mb-2">
<ul class="pb-2 pt-1 flex justify-between border-black border-b-2">
<div class="">
<div
class="mx-2 p-1.5 border-2 rounded-sm border-white ease-in-out hover:text-yellow-500 duration-300 font-medium"
>
<a href="#">~tocwex.syndicate</a>
</div>
</div>
<div class="flex">
<div
class="sm:block hidden mx-2 p-1.5 border-2 border-white ease-in-out hover:italic active:underline active:italic duration-300"
>
<a href="#fund">%fund</a>
</div>
<div
class="mx-2 p-1.5 border-2 border-white ease-in-out hover:italic active:underline active:italic duration-300"
>
<a href="https://docs.tocwexsyndicate.com">docs</a>
</div>
<div
class="mx-2 p-1.5 border-2 duration-300 border-black hover:rounded-lg hover:bg-yellow-400 hover:border-yellow-400 rounded-sm"
>
<a href="#get-fund-card">beta access</a>
</div>
</div>
</ul>
</nav>
<div id="maincontent" class="mx-auto px-4">
<div
class="flex h-[80vh] max-h-[800px] bg-cover bg-center justify-start items-end"
style="background-image: url('./assets/img/homebackground.png')"
>
<div class="w-full md:w-3/5 flex-col">
<h1 class="text-4xl sm:text-6xl font-extralight text-white m-4">
SOVEREIGN TOOLS FOR CRYPTO-ECONOMIC ACTIVITY IN THE WORLD OF ATOMS
</h1>
<div>
<form
id="headersignup"
class="mx-4 mb-4 flex justify-items-end items-center border-2 p-1 border-white rounded-sm"
onsubmit="submitHeaderForm(event)"
>
<input
class="focus:outline-none p-2 bg-transparent tracking-wide w-full grow text-white placeholder-slate-100 focus:placeholder-zinc-700 focus:caret-yellow-400"
id="header-input-entry"
type="text"
autocomplete="off"
spellcheck="off"
placeholder="enter your email or urbit id for updates"
name="entry.113990400"
onkeydown="resetFlags()"
/>
<span
onclick="submitHeaderForm(event)"
id="header-submitbutton"
class="cursor-pointer p-1 pr-4 grow-0 border-2 hover:rounded-lg hover:border-yellow-400 hover:bg-yellow-400 bg-white duration-300 border-white"
> →</span
>
<span
id="header-error"
class="cursor-pointer p-1 pr-4 border-2 hover:rounded-lg hover:border-yellow-400 hover:bg-yellow-400 bg-white duration-300 border-white"
style="display: none"
>
Invalid Entry
</span>
<span
id="header-thanks"
class="cursor-pointer p-1 pr-4 border-2 hover:rounded-lg hover:border-yellow-400 hover:bg-yellow-400 bg-white duration-300 border-white"
style="display: none"
>
Thanks!
</span>
</form>
</div>
</div>
</div>
<div class="sm:mx-4">
<h2 class="pt-4 pb-2 font-semibold text-3xl">
What is the minimum viable product for an economy?
</h2>
<p class="py-1 text-lg">
For a community to have a proper market economy, participants need to
have open access to critical mechansims for interaction. Put bluntly,
peers need to be able to <span class="font-bold">propose work</span>,
<span class="font-bold">commit funds</span>,
<span class="font-bold">assess results</span>, and
<span class="font-bold">settle payment</span>.
</p>
<p class="py-1 text-lg">
Under an honest review, it is clear the crypto-economy does not yet
have the tools for it's own sovereignty—thus it remains unable to
properly interact in the world of atoms, and to have real impact on
human action.
</p>
<h2 id="fund" class="pt-4 pb-2 font-semibold text-3xl">
Introducing %fund
</h2>
<div
class="flex items-start flex-wrap sm:flex-nowrap border-b-2 border-black pb-4"
>
<div class="sm:pr-4 sm:w-4/6">
<p class="py-1 text-xl underline">
%fund is a sovereign webapp built on an integrated blockchain
escrow ecosystem for human created, understood, and assessed
<a
href="https://deliverypdf.ssrn.com/delivery.php?ID=132088086121072013089084070113111108125018001047091022000125086006124127094094122126045055003101126027111027064103098085068066009041023059084025026076115116122120005092001082005112022093085098001082083096115097097086090096020084099089112093013117066&EXT=pdf&INDEX=TRUE"
>"wise contracts"<sup>1</sup></a
>.
</p>
<p class="py-1 text-lg">
By providing self-sovereign tools to the
<span class="font-bold">project funders</span> who financially
back a project, the
<span class="font-bold">project workers</span> who scope and
execute the work itself, and the
<span class="font-bold">trusted oracles</span> who judge work
quality and payment delivery terms, %fund enables peers to
collaborate on projects that settle on-chain, but which operate in
the reality of dynamic human interaction.
</p>
<div
id="get-fund-card"
class="border-2 border-black rounded-sm mx-auto my-4 p-4"
>
<div class="">
<div class="py-2 font-medium text-2xl">
Want access and a free Urbit ID NFT?
</div>
<div>
The best way to interact with %fund is to run it on your own
urbit. Sign up with our hosting partner, Red Horizon, to get a
free urbit planet that comes pre-loaded with %fund.
</div>
<div class="py-2 mx-auto">
<div
class="inline-block p-1.5 border-2 duration-300 hover:border-black hover:bg-white rounded-lg bg-yellow-400 border-yellow-400 hover:rounded-sm"
>
<a
href="https://redhorizon.com/join/217ddb05-07f1-4897-8c6a-d6ef76da7380"
>get %fund</a
>
</div>
</div>
<div class="italic text-sm">
I'm on urbit,
<span class="underline hover:text-yellow-500">
<a href="https://docs.tocwexsyndicate.com/#installing-fund"
>just give me the install instructions.</a
></span
>
</div>
</div>
</div>
<p class="py-1 text-lg">
<span class="font-bold">Project funders</span> are able to pledge
support and settle outstanding pledges for proposals for human
action that they wish to see in the world, as well as receive
refunds for fulfilled pledges associated with work that was not
completed according to the project terms.
</p>
<p class="py-1 text-lg">
<span class="font-bold">Project workers</span> are able to draft
and present proposals to the world with human readable milestone
descriptions and funding targets, raising funding for projects of
arbitrary scope and budget amounts without needing to create
custom smart contracts.
</p>
<p class="py-1 text-lg">
<span class="font-bold">Trusted oracles</span> are able to be
compensated for providing a fair and reputable assessment service
to both project proposers and funding contributors—serving as a
trusted arbiter of the more subjective contract terms best
interpreted by a human—and determine if funds in escrow are paid
out to proposers or refunded to contributors.
</p>
<p class="py-1 text-lg">
<span class="font-bold"
>All parties involved have persistent, pseudonymous
identities</span
>
linked to a sovereign personal server on a peer-to-peer network
(<a
class="underline hover:text-yellow-500"
href="https://urbit.org"
target="_blank"
>Urbit</a
>) that has a growing ecosystem of applications across which their
social and professional reputation carries.
</p>
</div>
<div class="flex mx-auto sm:pl-4 sm:max-w-xl sm:w-1/4">
<div
id="betacard"
class="border-2 border-black rounded-sm mx-auto my-4 p-4"
>
<h4 class="pt-2 font-medium text-xl">The %fund beta includes:</h4>
<div class="font-light">
<li>
A censorship-resistant frontend, publicly served to the
clearweb
</li>
<li>
The ability to take funding contributions from any Ethereum
user
</li>
<li>
Free onboarding of entry-level users via existing Urbit
hosting providers
</li>
<li>
Escrow contracts supporting USD-denominated crowdfunding
campaigns
</li>
<li>
User-adjustable trusted oracle fee rate to allow for rate
negotiation
</li>
<li>
Ability for authenticated urbit IDs to pledge future financial
support to campaigns
</li>
<li>
Free application download for project monitoring and
fulfillment of past pledges
</li>
</div>
</div>
</div>
</div>
<div class="max-w-screen-xl sm:px-4 mx-auto mt-5 rounded-sm italic">
<h2 id="ethos" class="pt-4 pb-2 font-semibold text-3xl">
An ethos of builders, by builders, for builders
</h2>
<p class="py-1 text-lg">
Blockchains present a new landscape for economic activity, grounded
not in centralized power but in decentralized, rules-based
consensus. Instead of nation-state controlled economies, we have a
burgeoning new opportunity for network-state economies, where
voluntary participation and peer-to-peer interaction accelerate
innovation and human flourishing.
</p>
<p class="py-1 text-lg">
Yet something's missing. While blockchain-based financial assets
give us mechanisms for funding commitments and settlement in the
"world of bits", smart contracts and on-chain interactions are
insufficient for building anything other than a financialized
circular economy. A digital casino. A zero sum game.
</p>
<p class="py-1 text-lg">
If these new network states want a profitable economic system, they
need a way to produce exports. A way to interact and provide value
to the world outside—the world in which humans operate. Currently,
crypto's "export industry" looks like a hellscape of centralized
exchanges that make it possible to trade tokens for fiat currency.
</p>
<p class="py-1 text-lg">
Of course, the formation of centralized exchanges as an initial
export pathway is understandable. They were the clearest mechanism
for available technology—financial trading desks—to improve the user
experience for getting market participants into the world of bits.
</p>
<p class="py-1 text-lg">
But they create huge limitations on the realm of possible
applications. Centralized exchanges are easily targeted and
corrupted institutions—whether by deliberately hostile surveillance
and control organizations or apathetic profit-motivated data
brokers—but that is just the most apparent shortcoming.
</p>
<p class="py-1 text-lg">
The much more pernicious shortcoming that arises from forcing the
crypto world's exports through centralized exchanges is a
<span class="underline">bandwidth limitation</span>. There is only
so much money—information about the price of goods and
services—which can flow through these institutions before they are
captured, manipulated, and turned out. It is only the specific
details of the captors that are unknown. A question of
<span class="underline">when</span>, rather than a question of
<span class="underline">if</span>.
</p>
<p class="py-1 text-lg">
And as our own centralized institutions fail in myriad ways, "trust"
gets a bad rap in an industry that is built around 'trustless' and
'decentralized' financial settlement. But trust is humanity's killer
app. Trusted relationships across time and space have made humans
the global apex predator.
</p>
<p class="py-1 text-lg">
Trust fills the gaps as we discover the programmatic solutions, or
in dynamically changing environments. It is why and how institutions
form, and why they are captured and corrupted. To counter the
detrimental nature of this capture, we place trust in new
individuals who then form new institutions that inch ever closer to
deserving our trust. And thus the cycle continues.
</p>
<p class="py-1 text-lg">
Bitcoin disintermediated untrustworthy legacy currencies and banking
systems when it made financial settlement of peer-to-peer global
markets immediately accessible to anyone with a basic computer.
Ethereum made this capability programmatic.
</p>
<p class="py-1 text-lg">
But if network states are to push us forward to better methods of
human organization, money isn't the only tool to consider. The
mechanisms for communication, for building, and for network
coordination must also be disintermediated.
</p>
<p class="py-1 text-lg">
We aim to create tools for peer-to-peer economic relationships.
Economic relationships unmediated not only by payment processors or
central banks, but unmediated even by the tool makers. Why? Because
<span class="underline">you</span> can't trust a peer if
<span class="underline">they</span> can't trust their tools.
</p>
<p class="py-1 text-lg">
In giving individuals the sovereign tools to have trusted
peer-to-peer interactions we will enable their relationships to
bridge between the world of atoms and the world of bits and,
hopefully, build the foundations to form trustworthy institutions
necessary to bridge between nation states and network states.
</p>
</div>
<div class="text-3xl font-bold mx-auto text-center">~</div>
</div>
</div>
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>
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<div class="px-10 lg:px-2">
<a
href="https://tlon.network/lure/~tocwex/syndicate-public"
target="_blank"
>
<img src="../assets/urbit-logo.svg" />
</a>
</div>
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</a>
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</a>
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class="mb-0 mt-2 text-center text-xs lg:text-base lg:m-0 lg:p-1 lg:pb-2"
>
<div
class="justify-center flex flex-row items-center lg:justify-start lg:px-3"
>
tocwex, syndicate - 2024 - all rights reversed <span
class="justify-center mirror"
>
©
</span>
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