A major objective of the metacurrency project is to: create the building blocks required to construct open source ventures quickly and efficiently.
What is an open source venture?
Essentially, these ventures do much of the same things as a normal businesses do but...
- They don't have a hierarchy. The venture is narrowly focused. The rules by which it operates are clearly defined and self-regulating.
- The value created is shared with the participants based on their contribution.
- Is completely transparent (the rules for how it operates and how the rewards are allocated).
The promise of open source ventures includes:
- The ability to scale to millions of participants (far beyond any standard business)
- The capacity (once the ecosystem is established) to grow from 0 to billions in revenue in months.
- The capacity to outcompete all traditional forms of competition regardless of how much money is invested.