๐นPreface: The Fate of Valuation
FATExDAOโs members and partners will collectively help advent the next leap in human evolution.
This paper is not a โwhite-paper;โ it is a โgreen-paper.โ
It presents the primary issue human civilization currently faces and an actionable solution that requests support from those who agree in whatever able capacity -- at a minimum, silent belief; ideally, joining the DAO.
Human civilization grows at an average, positive rate that is exponential and dependent upon cognitive achievements that are widely accessible and collectively inexpensive.
Technological advancement and availability are driven by economic policy and practices.
The current workings of the economy inhibit innovation; the activity encourages the misallocation and degradation of resources. This entire system distorts the value of all things and prevents invention - because there is no source of capital for true exploration (advanced R&D).
Institutionalized bust/boom cycles are fiscally irresponsible. This practice is indoctrinated as a tool of financial freedom but perpetuates monarchical-slave mentalities and multi-generational inequality.
Wealth and prosperity come from exploration, resource preservation and innovation, and not by identifying valuation irregularities and repositioning leveraged illiquidity, as revered โvalueโ investors ๏ฌaunt their success while preaching the risks of tech-driven investing.
The wealth of โtech giantsโ proves this point.
THE PREMISE of FATExDAO is to protect and prevent the damages ๏ฌduciary irresponsibility propagates regardless of who holds your money.
MISSION OVERVIEW:
Pool enough resources to create a โfor-public-pro๏ฌtโ enterprise with capital access for investment in income-producing innovations that exceed the current precedents of collective human endeavors.
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