More details of this wonderful new system are at
http://www.labourcoin.com/labour-coin/
I'm impressed by the complexity of it all. He has put a great deal of thought into it. By comparison, ordinary banking looks simple. Now, it's just the minor detail of building it.
Abdun Nur wrote:The search is on for financial contributions to pay coders, and to find coders to work on the open source, peer to peer platform that would allow people economic freedom, to at last return to common unity and trade through trust, which is earned and developed.
He doesn't even need
programmers, but mere
coders. Architects, designers, analysts, testers, integrators, implementers, project managers? Nope, just a few coders. Of course, Abdun Nur
prefers anarchy, so I guess the coders can do whatever they want.
He has thought about the potential for dishonesty. The first step is to keep out undesirables. Someone who "works for the state, has a criminal record for fraud, theft, or crimes demonstrating they cannot be trusted, is a landlord, banker, psychopath, Ashkenazi, Israeli citizen, Wahhabi, Zionist, agent of the Vatican, Free-Mason, or paedophile" can't join the system.
Nor people who support vaccination.
Nor people who believe the 9/11 attack "was committed by Muslims hijacking airliners, simply because they hated the freedoms of Americans, that the subsequent fire caused three building to collapse into their own footprint, and that Afghanistan and Iraq were responsible".
Abdun's record of raising funds isn't great. For example, his
Servant of the Light website:
Abdun Nur wrote:A NEW WEBSITE IS NO LONGER BEING BUILT TO REPLACE THE PRESENT SERVANT OF THE LIGHT, NO DONATIONS HAVE BEEN GIVEN TOWARDS THIS, THE SITE WILL CLOSE WHEN THE PRESENT ADVANCED PAYMENT FOR THE HOST, ENDS, DUE TO LACK OF INTEREST OF USERS. Thank you.