This document describes fundamental concepts and principles governing the transformation of an opaque content-publishing community economy into a fully transparent publicly available ledger. Inspired by existing public ledger technologies and cryptocurrencies like Ripple or Stellar, our Kyberia’s Open Ledger (KOL) proposal aims to use a publicly available ledger with a fully transparent transaction history as a guarantee of trust and value-holder serving a well-defined, local (i.e. non-global) human community. Special care is taken so that the transformation of existing emotion-carrying K tokens into fully exchangeable blockchain-tokens would minimize the social inequality between users while still being fair to those, who already contributed the most to Kyberia’s flourishment. Other properties of the digital currency hereby introduced include: its minimal ecological footprint, absence of transaction fees and demurrage-based redistribution of wealth.

Roadmap version: 0.0.5
Last update: 1st April AE48