With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Revolution Populi, a decentralized, publicly-governed and user-controlled blockchain database that will give every person ownership and control over their data has arrived.
"In recent years, the blockchain is at the heart of computer technologies. It is a cryptographically secure distributed database technology for storing and transmitting information. Each record in the database is called a block and contains details such as the transaction date and a link to the previous block.
The main advantage of the blockchain is that it is decentralized. In fact, no one controls the data entered or their integrity. However, these checks are carried out continuously by the various computers on the network. These different machines hold the same information. In fact, corrupted data on one computer cannot enter the chain because it will not match the equivalent data held by the other machines. To put it simply, as long as the network exists, the information remains in the same state."
With that being said, Revolution Populi decentralized blockchain offers a brilliant technique for solving such issues, the point is even larger and philosophical. The internet can have enormous consequences.
But before we go any further, please check out this video presentation to get even more acquainted
What exactly is REVOLUTION POPULI?
As depicted earlier and as indicated on the official whitepaper of Revolution Populi, Revolution Populi, a decentralized, publicly-governed and user-controlled blockchain database that will give every person ownership and control over their data.
In addition, Revolution Populi decentralized blockchain database, a lot of other apps and social nets get a chance to have the data, by user permission, and compete fair and square in the open. Picture any new entrepreneur with a new app, probably with a viral feature, like snapchat had, with access to the data Facebook has. I'm talking about photos, likes, comments, messages, etc. From there, all that would be needed is simple user permission, and just like that, the users can navigate between social networks with all of their data instantly there.
This means the existence of a database which is an aggregation of data from numerous apps and is user-owned, user governed, and user-controlled. This data can then be turned around and used by other apps based on the permission of the user. The data then swells and becomes user-owned.
Revolution Populi decentralized blockchain offers a brilliant technique for solving such issues, the point is even larger and philosophical. The internet can have enormous consequences. In a community-driven by democracy, such issues have to be controlled by the people themselves and not some centralized authority.
There are now paths for you to take back charge over your life:
Start afresh with a new social network or even networks.
Download all of your data from Instagram/facebook and upload it to a completely new decentralized database where you control it.
The cycle in this ecosystem will benefit all parties, even users or advertisers. The more data you share with advertisers, the more space there is for advertisers to market their products and of course generate more revenue for their users from data or content. The Blockchain ledger will enable it all by giving the community a decentralized social network where various rules will be entirely in the hands of the community by voting using Blockchain technology.
Revolution Populi team proposes decoupling these colonizers of the internet from data that doesn’t belong to them and therefore, revenue generated by data from the user goes to the user themselves. This new social net avails an environment where a new cyber token(cryptocurrency) is the medium of exchange. Members of this network can use their funds to access services within this ecosystem for absolutely no fee. These are services such as music or movie streaming, food orders, car rides, among others.Users also have the option to keep their earnings as income. The new social net will earn money as a cryptocurrency exchange, not by selling data that belongs to the users. They cant sell the data even if they wanted to since the database would not belong to a single party, but the people.
A “personal genius” blockchain lets the users choose what data content they want to share or sell to advertisers, where the advertisers pay the user directly. What I mean is, when someone looks at your life and clicks and ad, you get paid and the vice-versa. The user makes more money by posting and sharing more data with the advertisers.
Operational Model
Revolution Populi operational model is a virtuous circle that will exist because of the elegant structure of a decentralized blockchain ledger whose value gets to rise as the protocols and rules get increasingly correct and fair.
Contributors on the blockchain and determinants and enforcers of the rules will be chosen decentralized by the community of users and token holders.
Their earnings for a job well done will be in the form of tokens, and they could also get fired in case they don’t do a good job. These elected blockchain and data stewards will always have a reason to offer top-notch services to the community of users. Their pay is tied to the ledger whose value depends on user satisfaction, engagement, and system integrity.
Token Distribution
Token purchase and exchange details will be released shortly. This will constitute the decentralized, crowdfunding engine for the entire program.
Monetization
The objective is to make a $500bn digital ad market (e.g. Facebook, Google), and a $200bn digital content distribution market (e.g. Spotify, Netflix), and a $100bn digital service market (e.g. Uber, Grubhub), and return that money to the people to whom it actually belongs: the content owners and consumers.
MEET THE AMAZING TEAM
Till next time…
For more information, please visit:
Website: https://revolutionpopuli.com
Technical Documentation: https://revolutionpopuli.com/wp-content/uploads/2019/07/Revolution-Populi-1.pdf
Twitter: https://twitter.com/Rev_Populi
YouTube: https://www.youtube.com/channel/UCkD1BlwegJlXrCUTQ45dbSA?
Medium: https://medium.com/@david.gelernter/manifesto-6b94d4b34210
Telegram: https://t.me/RevolutionPopuli
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.
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