FORESTING: Brand new social media based on blockchain technology
cryptocurrency·@sytonnirroziem·
0.000 HBDFORESTING: Brand new social media based on blockchain technology
<html> <h1>ABOUT FORESTING</h1> <p>Introducing the brand new mobile social media service based on blockchain technology.</p> <p><strong>Next generation of social media based on blockchain </strong>Want to learn more about the FORESTING NETWORK? Find out about the features of our app, as well as the philosophy behind our blockchain-based social media and decentralized platform in this video. </p> <p>https://youtu.be/70dXdYe4m8M</p> <h1>INTRO</h1> <p>“Among the essential features of this situation is that no one knows his place in society, his class position or social status, nor does any one know his fortune in the distribution of natural assets and abilities, his intelligence, strength, and the like.”</p> <p> <em>- John Rawls, A Theory of Justice - </em></p> <p>In the beginning of the 20th century, national crises like the dot-com bubble, 9/11, and the War in Afghanistan, lead the American government to enforce a low interest rate policy as part of a strong economic stimulus package. While the main purpose of this initiative was to create corporate investments and private consumptions, it caused tremendous household loans. In 2004, it led to the termination of the low interest rate policies, leaving financial institutions unable to collect loans. Major financial security companies in the United States, such as New Century Financials, went bankrupt. The scandal has caused a worldwide credit crisis and hurt the real economy. One of the most widely known examples of the global financial crisis is the collapse of the investment bank ‘Lehman Brothers’ in 2008.</p> <p><img src="https://telegra.ph/file/16e38d1a72b7ffc2c3681.png" width="790" height="295"/></p> <p>One of the most interesting events is the birth of the post-revolution system and cryptocurrency, called ‘Bitcoin' which was first ideated by Satoshi Nakamoto after the collapse of Lehman Brothers. Speculation has been rampant about who SatoshI Nakamoto is, since his identity remains completely veiled. The clear message he is trying to convey in his thesis, which consists of about nine pages, is the lack of trust in the banking system, especially toward the Federal Reserve Bank (FRB) which is central publisher and trustful third party and manages all information and policies after going through the financial crisis in 2008. He suggested a currency system that cannot be fabricated and can be perfectly transparent without requiring personal information with the purpose of "substitution" for existing systems. </p> <p>His message raised social discourse on the system that everyone decides the system participants transparently. His will has spread not only in the banking system but also throughout media, culture and society. Rather it is not determined by the sharing and distribution of information in a fairer society, centralized control and management, with the meaning of 'Decentralization'. </p> <p>Satoshi Nakamoto derives the definition of distribution from the ancient days of Platon. In particular, his discussion shows analogies to John Rawls’ book “A Theory of Justice” where the moral and political philosopher emphasizes the importance of justice. Rawls argues that fairness can only exist when the procedures of distribution are fair. </p> <p>Taking a closer look at how these comments relate to the blockchain, John Rawls uses the the term 'fair procedure' to account for the 'veil of ignorance' and to assert that the information solves asymmetry. The blockchain is a chain of blocks that are distributed through public trading principals, who can’t modify the contents. More importantly, all of the relevant records will be disclosed. In this process, no asymmetry exists between the two parties during the transaction, making it possible to implement a fair contract. The same is true for distribution procedure. For instance, maintaining a blockchain network requires voluntary participation from the miner (e.g. PoW) who is rewarded with a donation of cryptocurrency tokens in return for their mining activities. This is in line with Rawls claim for distribution of capabilities based on procedural definitions. </p> <p><img src="https://telegra.ph/file/dfdb489bb7d6c31f032b9.png" width="762" height="238"/></p> <h2><strong>A Solution for Asymmetry of Information & Realization of Fair Contract = Blockchain Technology Fair distribution = token distribution based on system contribution.</strong></h2> <p>The FORESTING Network, which will be introduced in this whitepaper, is based on the creation of bitcoin and a philosophy shared by Satoshi Nakamoto and John Rawls on a more fair society. Accordingly, the FORESTING Network solves the asymmetry of the information that is prevalent in our society, pursues fair contracts, distributes them according to their ability, and shares active contributions with one another. The first chapter of this paper will be about the social media field, which has transformed people's values and lifestyles since the release of the iPhone in 2007.</p> <h1>DEFINE </h1> <h3>FORESTING NETWORK</h3> <p>The FORESTING Network consists of the blockchain based 1) social media ‘FORESTING’, 2) digital banking services for FORESTING participants ‘FORESTING Bank’ and 3) ‘FORESTING Lab’ to support the FORESTING community and content creators. Each of the three departments is separated into their respective functions and roles to fulfill the core values of the FORESTING Network. </p> <p><strong>‘FORESTING'</strong> or 'FORESTING Platform' is a blockchain based social media platform that deviates from the distribution system of traditional social media platforms. It provides a fair value distribution system for users who are the true owners of the platform. They deliver content through blockchain technologies and contribute to platforms in a variety of forms.</p> <p><strong>‘FORESTING</strong> Bank' is a digital bank for content creators and curators alike. At the core of the FORESTING Network is the platform users who will be provided and supported by these financial services to create content. </p> <p><strong>‘FORESTING</strong> Lab’ supports communities and marketing activities besides the platform to activate the FORESTING Network, especially the content creators who are the owners of the FORESTING Network. </p> <h1>FORESTING SERVICE</h1> <p>Foresting will provide an intuitive blockchain-based social media platform with top class UX/UI and the technology to support a wide range of content, including images and videos.</p> <p><img src="https://telegra.ph/file/24a23b265b6923402e388.png" width="956" height="474"/></p> <h2>CORE FEATURES</h2> <p>Check out some of the key features and benefits of the FORESTING app which will be available to all of our users.</p> <p><strong>01. Real-time Trade Function through Embedded Exchange</strong></p> <ul> <li>Provide real-time trading function by embedding major exchanges around the world</li> </ul> <p><strong>02. Master Node-based<br> P2P Transaction</strong></p> <ul> <li>Minimum of 10 coin openings per user (RPC module provided for each coin access)</li> </ul> <p><strong>03. Content Creator<br> Sponsor Feature</strong></p> <ul> <li>Popular content is rewarded with real currency rather than plain likes</li> </ul> <p><strong>04. Open Market<br> Advertising</strong></p> <ul> <li>Shedding the target/retarget ads that are centered around the advertisers and platform operator</li> </ul> <h3>What does token sale mean?</h3> <p>The exchange of PTON tokens for other currencies is token sale. The main goal is to build and run application on the network by achieving widely distribution of tokens to be used on the FORESTING blockchain. </p> <h3>TOKEN DISTRIBUTION</h3> <p>FORESTING Network will be based on PTON Token; an ethereum coin that is built on ERC-20. The majority of the token’s 24-Bn PTON issue will be for sale, while the rest will be distributed throughout the ecosystem. </p> <p><br></p> <p> <img src="https://jampangcrypto.files.wordpress.com/2018/10/screenshot_7.png?w=825" width="825" height="377"/></p> <h2>ICO Planning</h2> <p>The PTON token will be issued as a total of 24,000,000,000 (24 billion) tokens with ERC-20, with 40 % of the total token set for sale. ICO participants may receive the swap through the listed exchange wallet or the FORESTING wallet after the launch of the FORESTING mainnet. </p> <h2>General Information</h2> <p><img src="https://jampangcrypto.files.wordpress.com/2018/10/screenshot_6.png" width="816" height="239"/></p> <h3>ROADMAP</h3> <p>FORESTING has established in the early 2018 with the vision of giving back to users and we will have the grand launch soon in the upcoming days. </p> <p><img src="https://telegra.ph/file/67276294036b10e898cdc.png" width="1303" height="316"/></p> <p><img src="https://telegra.ph/file/25cf4190e2a15d9743203.png" width="1306" height="287"/></p> <p><br></p> <h1> For more information:</h1> <p>★ <a href="https://foresting.io/">Web</a> ★ <a href="https://twitter.com/foresting_io">Twitter</a> ★ <a href="https://www.youtube.com/channel/UCGgXs74rn_BuE90CH1qYBPA">Youtube</a> ★ <a href="https://forestingnetwork.com/whitepaper/FORESTING_Whitepaper_Eng_Ver.0.92.pdf?ver0.2">Whitepaper</a> ★ <a href="https://t.me/foresting_global">Telegram</a> ★ <a href="https://www.facebook.com/forestingHQ/">Facebook</a> ★ <a href="https://www.instagram.com/foresting.io/">Instagram</a>★ <a href="https://foresting.io/res/img/sprite-sns2_04.png">LinkedIn</a> ★ <a href="https://medium.com/foresting">Medium</a> ★ </p> <h1>Author:</h1> <ul> <li>Bitcointalk username: gusnulyadi</li> <li>Bitcointalk profile: <a href="https://bitcointalk.org/index.php?action=profile;u=875872;sa=summary">https://bitcointalk.org/index.php?action=profile;u=875872;sa=summary</a></li> </ul> <p><br></p> <p><br></p> <p><br></p> </html>
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