About PlanetPay

The PlanetPay Token Pre-Sale begins in:

About PlanetPay

Unlike the vast majority of ICOs (Initial Coin Offerings), the PlanetPay team have been working on this project since 2004, 5 years before the introduction of bitcoin to the world. Although we are mainly technologists, we have always had very wide interests about the world that we live in.

We brought out our first book, The Leadership Delusion, in 2007, after travelling widely around the world to gain an understanding of the world of work and human enterprise and to our surprise we ended up with a deep understanding about how human beings work best.

That understanding centered around decentralization on many levels, hence as soon as we began to be involved in cryptocurrencies, with our introduction to bitcoin in 2011 we realized that here was a technology, or range of technologies which would ground our ideas into reality, for the creation of truly decentralized currencies fitted so well with our findings.

Following on from there, after bringing out our second book, Rossi's eCat, in 2011, we began working to develop a unique decentralized platform which promised to allow people to find meaningful work. This would be done by developing a system which matched those seeking work with those looking for work. Unlike the centralized, corporate platforms such as Upwork or Freelancer, by using cryptocurrencies we realized that we could kill several birds with one stone.

Such an approach promises to not only create a completely decentralized platform, but also to allow people to register anonymously, transact in privacy, and by using a MAD (Mutually Assured Destruction) type escrow system, would mean that only if both parties are in agreement about the work done then payment is made, in secure cryptocurrency.

By making use of our own PLP cryptocurrency we will be able to ensure true immutability of all historical transactions thus minimizing potential disputes.

Our experience of being involved as participants in the subsequently ill-fated DAO, the Ethereum based system with raised US$ 150 million in May 2016 and was later hacked, highlighted for us the dangers of bringing out a system of this kind too early and of using untested computer languages.

In designing the PlanetPay DAO we realised that here was system which could act as an autonomous public utility, owned and controlled by no-one, in effect a world bank for everyone.

Why are we launching such an ambitious system?

Through our long years of research and experience we have come to the conclusion that human beings cooperate best and are most creative and efficient in a peer-to-peer environment where they are considered to be fellow human beings and not mere employees. A more decentralized environment in the world of work would release a vast amount of human creativity, achievement and financial stability for every individual.

We also observe that today, more than ever in recent history decent, meaningful work seems to be getting more and more scarce while precarious or useless work appears to be gaining ground despite the fact that there is very much that needs doing that is left undone. This is something which Charles Hugh Smith has documented in an elegant way in his writings.

Thomas Jefferson wrote in 1776 that: "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness."

Jefferson was right, it is our duty to arrange our affairs in such a way that government is unable to challenge these rights, and today that means dealing amongst each other as a global community fairly, honestly and without the unnecessary oversight of people who consider themselves to be above us. It is not that we should be against government, but when governments go too far in acting against our well-being in limiting our ability to express ourselves through legitimate work, then it is our moral duty to organize our lives to the benefit of our communities. Ultimately this will indeed lead to governments being forced by their citizens to limit what they do to what is necessary, and to allow volunteerism to flourish in a context of global systems which facilitate individuals to pursue their legitimate self-interest.