Value Ledger
Happiness is making meaningful progress.
Meaningful progress starts with defining valuable outcomes. Practice recognizing value from different perspectives to weave together stories that align consensus of what progress looks like.
Perspective is everything
Related
Tokenized Goodwill
The freedom to choose where to invest one's energy and attention represents the highest form of capital - enabling individuals to pursue meaningful growth while contributing to collective advancement.
Trust and Loyalty
Capital indeed represents a form of tokenized trust or "stored goodwill" that enables social coordination and value exchange across time and space. This stored value provides the freedom to direct resources toward activities that create meaning and further value for society.
Freedom of Choice
The fundamental value of capital lies in the autonomy it provides - the ability to choose how to invest time, energy, and attention. This freedom enables individuals to:
- Pursue personal growth and development
- Create multiple income streams
- Build long-term value through strategic investments
Social Purpose of Capital
Beyond Monetary Returns The true purpose of capital extends beyond pure financial returns to enable:
- Parenting and caring for loved ones
- Creating art and culture
- Building community connections
- Preserving the environment
- Personal development and education
Value Creation Mechanism Capital serves as a tool for human flourishing by:
- Reducing dependence on self-financing
- Enabling risk management and diversification
- Facilitating price discovery and efficient resource allocation
- Supporting long-term investment in innovation
Evolution Needed
Redefining Success The financial system needs to evolve beyond pure profit maximization to:
- Balance social and financial returns
- Support sustainable development
- Enable broader access to opportunity
Digital Social Credit New systems could emerge that better capture and reward social value creation, similar to time banking initiatives that recognize community contributions. This could create an economy that better aligns financial incentives with human wellbeing and social progress.
Flow of Value
How does value flow through a system?
- How is value produced?
- How is value qualified?
- How is value quantified?
- How is value exchanged?
- How is value distributed?
- What forces disrupt flow?
- What forces enhance flow?
How can you gain leverage to be more effective?
Virtues
What matters most to humans?
- Respect
- Honesty
- Integrity
Is this aligned with AI intents?
Asset Ledger
What are most valuable assets you can possess? What makes those assets valuable?
- Foundations
- Intangibles
- Tangible
- Financial
What has value is a matter of context and perspective.
Some assets might suit multiple classifications depending on the specific context and intended purpose of the asset.
Essentials
On a level playing field the difference is Teamwork and Goodwill that comes from practising better habits.
- Identity (Intents and Purposes)
- Time and Energy, Food
- Truth and Trust while balancing Privacy and Transparency
- Culture and Connections
- Speed
Intangible
- Culture and Teamwork
- Customer Relationships
- Credentials and Reputation
- Brand recognition
- Memes
- Data compilation methodologies
- Data transformation processes
- Cultivated datasets for AI training
- AI-ready data structures
Trade Secrets
- Proprietary formulas and recipes
- Customer lists and data
- Business Strategies and Plans
- Optimized Business Systems
- Production workflows (Increase quality with minimum cost and no adverse side-effects)
- Cost-effective operational procedures
- Customized software tools and integrations
- Employee training and knowledge management systems
Intellectual property
- Patents
- Trademarks
- Copyrights
Digital assets
- Websites
- Social Media Accounts
Franchise agreements
Licenses and permits
Tangible
What are the most valuable tangible assets to own in the DePIN age?
- Trade Secrets
- Current Assets
- Fixed Assets
- Commodities
Crypto and DeFi
Why does Crypto Matter? It opens up new ways to create, exchange and own things that are conceived to have value.
From Memetic Energy to Tokenized Ownership Crypto incentives are critical to aligning intentions between man and machine for building a better future.
Evolution is built upon broadly replicable standards, smart contracts provide standard instruments for more complex processes. The verifiable web using standards build platforms of digital and physical infrastructure.
Your reputation will be onchain like it or not
Modelling Value
Use qualitative analysis to gain insights for driving experimentation, and quantitative analysis to test hypotheses and identify statistical relationships.
- Qualitative methods include interviews and observations, while quantitative methods include surveys and experiments.
- Qualitative values describe attributes, while quantitative values measure amounts.
Qualitative
- Describe qualities or characteristics
- Non-numerical data
- Expressed in words or categories
- Subjective and interpretive
Examples: colors, textures, opinions, emotions
Quantitative
- Represent quantities or amounts
- Numerical data
- Expressed as numbers or measurements
- Objective and measurable
Examples: height, weight, temperature, counts
Consensus
Consensus on value emerges from a complex interplay of shared social understandings, practical considerations, emotional resonance, and collective decision-making processes, all situated within specific cultural and historical contexts. It's a dynamic process that involves both individual perceptions and broader social agreements.
- Shared beliefs and norms: Value consensus refers to the extent to which individuals within a social structure share the same values and beliefs about what is important or worthwhile. This shared understanding forms the basis for agreement on value.
- Social integration and cohesion: Value consensus helps maintain social integration by providing a common framework for individuals to understand their roles, responsibilities, and expectations within a society. This shared foundation facilitates agreement on what has value.
- Socialization and cultural transmission: The process of socialization, where individuals learn the values and norms of their society, plays a crucial role in developing consensus on value. As values are passed down through generations and across social groups, it reinforces agreement.
- Functionality and practical benefits: The perceived functionality or practical benefits of something contribute to its perceived value. When there is widespread agreement on the usefulness or effectiveness of something, it's more likely to be valued by consensus.
- Emotional and sensory impact: The emotional associations, both conscious and unconscious, as well as the sensory experience of something (how it looks, feels, sounds, etc.) influence its perceived value. Shared positive experiences can lead to consensus.
- Price and economic factors: The perceived price-value relationship of something affects how it is valued. If there is general agreement that the price is justified by the benefits, it can contribute to consensus on value.
- Cooperative decision-making processes: Consensus decision-making approaches, which involve inclusive participation and addressing all concerns, can lead to shared understanding and agreement on value.
- Social and cultural context: The broader social and cultural context shapes what is considered valuable. Different societies may have different value consensuses based on their unique histories, traditions, and social structures.
- Power dynamics and social institutions: The distribution of power within a society and the influence of social institutions can shape value consensus, though this aspect is sometimes critiqued for potentially maintaining existing power structures.
- Adaptability and evolution: Consensus of value is not static but evolves over time as societies change and new ideas emerge. The ability of a concept of value to adapt to changing circumstances contributes to maintaining consensus.
Leverage
Minimum effort for maximum benefit without negative (second-order) side-effects
- Cost of Capital
- Technology + Protocols
- Labour
Wealth
The top five regrets of the dying
- I wish I hadn't worked so hard
- I wish I had stayed in touch with my friends
- I wish I had let myself be happier
- I wish I had the courage to express my true self
- I wish I had lived a life true to my dreams
What would you give to be 10 years younger right now? Who would you want to spend more time with?
Links
What is the most important question you can ask yourself to make meaningful progress?