Publisher's Synopsis
Known Paradigm information technology and digital currency innovations now originate intent as a fresh network element.With this historic achievement, the Known Paradigm creates 21st century reciprocity. Information symmetries reciprocally benefit parties and counterparties for each's and all's decision making to spur data and meta data mass production.Individuals, enterprises and institutions can now control, monetize and compensate one another for the data and metadata that all create with daily Internet and broadband communications. Data and meta data transparencies clarify the monetary and risk values of any specific transaction at any point in time from origination through maturity.A living contract authenticates the value of the data and meta data that individuals, enterprises and institutions transact as they wish, with whom they wish, when they wish. An immutable record memorializes each and all transactions. Successive, rather than single instance or single industry, scaling and logarithmic growth stimulates individual, enterprise and institution wealth creation at no marginal cost.Responding to the coronavirus pandemic, the Known Paradigm generates income, provides liquidity and clarifies risks sourcing materials, managing logistics and expediting supply chains. The paradigm speeds bitcoin and block chain authentication and reduces their transaction costs. Proof of value supersedes proof of work.Crucially, the Known Paradigm equips technologists, investors and adopters to create standards to iteratively develop and reliably measure the integrity and authenticity of all the mass-produced data and meta data. Repeatable, verifiable measuring of real and near real time data and meta data values is now feasible. With the paradigm's generative scale and downwardly compatible scope, egalitarian wealth creation through data and meta data mass production may initially complement and could eventually superannuate relevance, the advertising paradigm, wealth inequality and hoarding. The pernicious trade-offs of surrendering privacy for communication efficiency become inefficient; that is, too costly chasing stochastic consumption acts and narrowly defined monitoring factors or indicators. The dominion that dominant network operator, social media, search and operating system incumbents established as commercial Internet and broadband first movers may represent the past, but no longer defines present and future.Artwork depicts relevance metaphorically as a Tin Lizzie and as Gothic and Renaissance Venetian architecture. Bill Gates and Jeff Bezos command cameos as latter day Doges.Vannevar Bush, Henry Steele Commager, Albert Einstein, Ralph Waldo Emerson, Michel Feher, Pope Francis, John Kenneth Galbraith, Yuval Harari, Thomas S. Kuhn, Paul W. Litchfield, Gordon Moore, Thomas Piketty, John Ruskin, Claude Shannon, Robert Solow, Frederick Winslow Taylor, Soshanna Zuboff and the BIS, ECB, EU, FRB, FTC, IRS, NBER, SEC, U.S. Senate, among others, source content.Risk expert David M. Rowe, Ph.D. contributes a foreword.Vito Mattaliano contributed artwork and graphic design.INTENT The Known Paradigm is dedicated to Constance & Michael Erlanger and to Michael Harold.
