Ravenland Developer Blog

Do the chains

Questions about Medici and our associations

So we’ve had a few questions about Medici, Overstock and our affiliation to Ravencoin community. I want to dispel some of the rumours that we are a Medici ran or backed company. We are not. I hae backed this company with my capital, and my experience as a software, telecoms and datacentre engineer. Together with several ex Rackspace colleagues we were able to create the foundation for a new type of community software.

This product and service was really intended as a fully community ran and owned project. That way there is no principal business interest of anyone, except to provide the service. – push

Someone also asked about the plan of mortgage holder and sub asset ownership integration into a blockchain service. Suffice it to say, IPFS (interplanetary file system) and Ravencoin asset layer blockchain is not capable alone natively of systematically representing mortgage, tho, proof of promise can be used with a land registry approved workflow to programmatically generate a type of mortgage or tenant contract. Many compare Ravencoin to EVM, perhaps incorrectly, since there are very different technologies and approach. If anything it should be understood that Ravencoin has many uses where EVM would not be suitable, or ‘over expensive’ – in other words – one problem with over engineered solutions of other blockchains comparatively to Ravencoin is it takes away the diversity and creativity of the developer, and really confines them to a strict set of procedures, or a specific development environment. With Ravencoin, it can work with a myriad of languages out of the box, from PHP and MYSQL to really complicated enterprise architecture, and the good thing is people can choose what it is they want. It’s also as performant as Bitcoin, or bitcoin cash, being a fork of the same technology, and therefore means lightning network compatibility. This leaves Ravencoin in the next 5-10 years in a really good place not just for securitized tokens, but for a completely different approach to internet and blockchain devoperations.

In summary, the TLDR is that although ravencoin asset layer is not capable alone natively of systematically representing mortagegs and other tokenized securities, it opens up the doors for developers and new creative, inexpensive mechanisms for what I call the ‘notgotwallstreets’. It cements a fragmented and fragile sociopolitical community, and gives back voting power to business , company and even governmental process, by making it transparent on the blockchain. Therefore the manner in which proof of promise can be used with land registry approved workflow to programatically generate a type of mortgage or tenant contract, social, or governmental agreement. The possibilities. Endless. Surprise!

The whole root of our idea of Ravenland is to create the community principle for estate. I hope this gives some good information about our intentions to the people asking about the company, its structure, and expansion of meaning. We’ll be posting periodic announcements of our prototypes in the coming near future, so please watch this space!

Cheers &
Best wishes,

Additional Information about our intent:

We’re certainly not looking to undermine the medici’s and estate agents by the generation of such ideas, and indeed, you may point out if this was car insurance or estate, enough people would need to use us for it to be economically viable for settling parties as a scale of economy. This will not be an overnight process, though the opportunity may be in these early beginnings an exciting and lucrative one.
In addition to the other challenges we are looking at you would need to create an efficient electronic system that was fair and equitable that all ‘customers’ or ‘coowners’ agreed to achieve a community owned stock estate that exists outside of wallstrteet, and, these are real challenges to an ambitious idea or system close to self governance and economy, but importantly, the concept of a group co-operative insurer, is better (in this example), it does however rely on adoption.Many longstanding human problems exist because there is no better way (yet), many others exist because of the human inefficiencies and reluctance to cement their work together in a group of commerce. For these reasons the economic activity of the world is less than 1% efficient. The main reason why this occurs is because of a significant lack of trust among our commercial and economic world. Which therefore dictates massive overspending on competition, and defence, which easily exceeds the GDP budgetary requirements to end world poverty in 2 months. Indeed we don’t believe we can solve all these problems. We believe though, that in order to solve them, or at least better rework our current systems, we must first seek to understand them and why these economic and governmental defensive issues exist.

Absolutely and without shadow of a doubt, it is a lack of trust among nations, and the groups of people that comprise them, and therefore that is why and only why the US spends their defence budget, a significant figure that could feed clothe and house the whole of humanity, and largely the reason why the situation continues, isn’t for a lack of better systems, its because of the cyclical nature of evolutionary systems, in such an extra ordinary case – what happens is the underpriviledged who cannot be saved economically rebel, and they become the distrustful criminal faction that the defence budget was initially objectified and justified to begin with. Or in other words the economic, and defensive situations that determine value, and economic worth, is simply based on trust, and a lack of it is crippling our very people , creating such defensive budgetary inefficiencies many of the situations they impose are almost worse than the damage which they inflict to prevent such situations. Indeed – people in this world do not get on, and that is why everything is expensive. Including individual freedom. Because the very few are able to take advantage of a system which, by economic justification maintains a situation where the poor are always poor, and nobody can be trusted properly, and therefore the value of their currency is affected, if only people could trust eachother this world would be worth 99% more than it already is, and that’s a sociopolitical and fiduciary fact of GDP.

The simple matter is human beings can’t be trusted. Until now – no such invention or system allowed human beings to vote in ways that cannot be manipualted, or, to transfer their assets or resources to ‘vote’ for the company or idea that they believe.

It very well may seem to many that we are waiting for the flying car (the metaphor perhaps of humanity working together in the 21st century??), but instead we’re really waiting to see if this experimental community is willing to invest in itself. The Ravenland token model we have so far, would work similar to a blockchain insurance provider, where essentially everyone in contract would agree with ravenland to operate under a fixed set of fair principles, similar i suppose to bitmexes perpetual contract, but in the expansion of meaning for insurance service, or land registry and transfer service, and so on. What RavenLand is doing is not any different to traditional land registry. Or traditional insurer, or traditional land owner. We are introducing the experimental idea as a world first to a community to try and raise awareness that we believe there is a better way, a way to make accessible a portfolio of islands, or hotels, in the hands of a group of millions of small individuals who would before today never have dreamed of being able to have exposure to such prestigious and succesful investments ; so is the power of the hive and blockchain. We can thru these ideas make accessible great things to those which never had access to them. The group hive is very powerful, but the individual alone is powerless.
This wouldn’t be possible without something like blockchain, but importantly , it’s simply not possible without a change in the way that society thinks. So ravenland’s most serious challenge is to try and suggest a different way of thinking, unlike traditional ICO’s, nobody runs off with your ravens. That’s not what we’re about. If we wanted to just raise peoples money on an empty promise, we could have done that already (we have the capability to sell our tokens with automation), and with some better claims of a product or a service, but we don’t try to do that because we’re not trying to make a better service. We are in some senses trying to create an entirely new concept of what a service is, for reasons evident; to make it clear this is an experiment where we are investigating a revolutionary way to do business in estate and likely, very many other industries in a similar way.It stays with the business and people earn dividends on that. That is to say land owners, land sellers, tenants, everyone. Earns Ravenland. That’s the advantage of converting an expensive system of fees and additional costs and returning it to the customers that use the service. Whilst to many that might seem frightening – not a commercial product. Neither a commercial model. We’re not trying to make money here. I’m certainly not. We’re trying to change the world and develop a new economic model. Such a decently large and ambitious process, is a step by step one. Rather than a gigantic leap. I hope more people express an interest in the coming month as we begin to deploy our front and backends which will have the first iterations of the aforementioned capabilities. AND -with the communities help create many community others, from building houses to renting and selling. The RavenLand ethos is strong. All we need to do is think differently. Best, Adam Senior Software Developer RavenLand.org

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