Whitetablet: The True Value of Blockchain – How It Should Really Work

1. The True Value of Blockchain – How It Should Really Work
The problem with today’s crypto system is that:

1. Every currency is priced in USD, meaning it is not a free or independent system. On the contrary, we observe that all crypto assets become increasingly dependent on current economic indexes, funds, national policies, and so on.
2. It is self-contained. Its significance comes solely from its reliance on the current banking system, which in turn confirms its dependency and inability to interact with the real world—since practically no one integrates it into real life or uses it as a medium of exchange in any other way. Even the latest projects offer not genuine crypto transactions but debit cards that automatically convert crypto into USDT or USDC, and then “withdraw” the funds into the banking system as USD or another fiat currency.

The original intent was for blockchain to be integrated into real life, minimizing all the negative natural human factors. Its role as a financial asset is merely a temporary stage at a time when humanity is not yet ready to implement it properly because we don’t yet know how or why it is needed. There is one group of people who obstruct the spread of this technology, while another group is trying to implement it as quickly as possible.

1.2 Proof of Work

Consider a simple example that many will recall from the film John Wick. In it, an independent financial system (the assassin coins) operates within the banking system yet remains independent from it. Access to this currency is available only to those “in the know.” It has its own value, though it lacks an explicit price or digital valuation. It is not tied to USD, and it can be earned solely through work in a specific field.
This is the same function Bitcoin was meant to have. Yes, its system is based on computational power and proof of work, but after the advent of PoS we can use PoW to inject new ideas and fresh talent into the blockchain, distributing its coins only as rewards for active contributions. In doing so, we would obtain not just a financial asset but an independent tool—a medium of exchange and a reward for one’s contribution.
The advantages of such a system are:
1) There would be no direct dependencies on USD or any other fiat or crypto currency. This means manipulations via other assets would be reduced to zero. A printing press for dollars, supported by uninformed taxpayers, wouldn’t be able to influence this blockchain or the value of its coins.
2) There would be no dependency on unscrupulous investors. The number of coins held would determine one’s influence within the blockchain ecosystem. There would be no scenario in which “whales” unfairly receive the lion’s share of rewards, manipulate the price, or sway developers. You earn exactly what you deserve. In such a system, if you are a whale, you are an honored member of the community by virtue of your enormous contribution.
We all know how unfairly the current banking system treats talented and honest people who start from nothing. Therefore, in this case, the amount of money does not matter. To receive coins, one must prove their right to own them through work or another contribution—an approach that can account for a person’s intangible input, their aspirations, kindness, fairness, and willingness to help others within this ecosystem.
2.1) Coin Ownership and Profit Sharing
The amount of coins one holds will determine the share that guarantees a corresponding percentage of profit distribution in USD or Bitcoin. This, in turn, provides a talented person with passive income from project activities within the banking system—ensuring that such a person is not dependent on the unfair conditions of today’s financial system, and can dedicate their life to development and creativity by investing part of their energy in projects of interest.
3) Token Ownership as a Proof of Contribution
Owning a certain number of coins will serve as proof that an individual has significance within a specific thematic project inside the ecosystem. It is analogous to an achievement in sports or science—such as a master athlete, an aspiring master, an honored master, a PhD candidate, a scientist, and so on. This proof of work can demonstrate one’s competence, achievements, level, status, etc.
(Idea 4: Criteria, AI, and decentralized nodes for decision-making on coin distribution)

1.3 Proof of Stake

Since this system can operate under conditions where each person already enjoys a decent standard of living and is a free individual, we propose implementing a Proof of Stake (PoS) algorithm immediately after Proof of Work. Under PoS, only the degree of influence is distributed—which in today’s world is practically unattainable for ordinary people. When a person earns coins for their contributions, they can participate in project or ecosystem voting. We call this the second level of influence, where an individual can choose either to burn some of their coins to affect specific, meaningful changes within the project or to influence outcomes in ordinary votes based on the number of coins they hold without burning them.

1. Votes that affect the strategic course of the project will be accompanied by coin burning, which might reduce one’s influence and distributed profit. Crucial decisions require significant willpower and self-sacrifice, and this process will help ensure constant changes in the distribution of influence within the project. In the long term, if a person sees the best future for themselves with new development courses, they will be confident that they can restore and even increase their influence in the future by accumulating more coins.
2. Votes that do not affect the project’s course will proceed in a standard linear format: more coins equal more votes. In this scenario, a competent individual will have greater influence over the decision.

(Idea 5: Fractal type of voting)