Potential For Agorism and Counter Economics Using A Marketplace
May 2, 2018
May 2, 2018
Junktion is a cryptocurrency Marketplace where people can sell their items for any cryptocurrency they please
We are currently developing an eBay like dapp where users can earn crypto for selling us their item, and then other people will be able to buy it back once the Dapp is live.
This Whole article was written by a contributor on the Junktion Team who happens to enjoy the culture of agorism. This is what he had to say about Junktion.
Cryptocurrency, Agorism, Counter economics all meet on our marketplace
Agorism can be summed up as a philosophy that works towards a peaceful, nonviolent revolution through the practice of counter economics. Counter economics refers to the use of black and gray markets to subvert taxation, the states life-blood.
There are many reasons to want to avoid the state’s taxation whenever possible. Personally, I don’t like funding the prison industrial complex, nor the bombing of children halfway across the world for oil. I Don’t like funding perpetual warfare for the profits of Raytheon and Haliburton. Most of all, I don’t like funding the continued slow march towards the transformation of my rights into state-granted “privileges”.
Economically speaking, any market can be broken down into five areas as follows:
Image via: http://aquarianagrarian.blogspot.com
Junktion is in a way facilitating these items through counter economics. Giving its money back to the people by giving them a platform to sell their items for cryptocurrency.
Junktion.io is a new platform for buying and selling your used or unwanted items
What does this have to do with agorism?
Junktion was created to help spread the adoption of cryptocurrencies. We believe in the future of the technology that helps spread an anti-governmental outlook but while being totally compliant. We want to give the world a better option to earning cryptocurrency. And this is our solution.
Junktion.io is a Dapp(Decentralized Application) on the Ethereum Network. This means that unlike Ebay, junktion.io is immutable and censorship-resistant. It also means that both buyers and sellers can remain anonymous while still being able to trust that they will receive what they are due, either in product, payment or compensation in the extreme cases where a product is lost! This trust comes not from them trusting each other, in fact the buyer and seller never even interact with one another. Junction.io facilitates these exchanges while acting as the central point of trust. Since junktion.io is a Dapp, this trust is then delegated to the ethereum network through the use of Junktion’s smart contracts, the back end of their Dapp.
So how does this process work?
When someone has an unwanted item(some junk) they contact Junktion.io and a price is negotiated for the “junk” in the U.S dollar. This is done to avoid the volatility of the crypto space. Once a price is agreed upon, the seller chooses whichever cryptocurrency they want to receive and junktion.io pays them the agreed upon amount in their chosen crypto.
This IS agorism in action! Even more than this, junktion.io is agorism in the white market! Its completely legal and there is nothing a corrupt state can do about it! Since the US government recognizes cryptocurrencies as an asset class, trading a cryptocurrency for a good or service is legally just bartering. Junktion.io provides a completely legal way to obtain crypto currencies without the need to exchange fiat.
If you’ve ever bought cryptocurrency through an exchange than you know how high the fees can get, upwards of 14% on some exchanges. Junktion charges zero fees and items are auctioned off, crypto kittiesg style! Turning your items directly into cryptocurrency doesnt make sense on any platform other than Junktion.
But Wait! There’s More! Being a Dapp on the ethereum network allows Junktion.io to do something Ebay couldn’t dream of; Junktion.io rewards sellers with its own erc20 token, Scraps!
For every $10 an item is agreed to be worth, a seller receives 1 Scraps token which can be used to purchase things as you want.
This in itself is a huge incentive to get rid of your old stuff on our cryptocurrency item selling platform! Did we mention there are zero fees involved in selling to us?
Not to mention all of the extra saving you will earn when you sell your items directly for crypto.
Junktion.io calls this circulation of junk its “circular economy”. A circular economy is designed to maximize the use of junk, cutting down on the waste produced in our traditional linear economy by providing a digital pawnshop that gives old Junk new life with someone who wants or needs it. This means Junktion.io is as good for the planet as it is your crypto wallet!
The bottom line? Junktion.io is an exciting new platform that not only opens new doors for the world of crypto currencies, but for the philosophy and practice of agorism as well! Junktion.io is good for the cryptocurrency community, it’s good for the planet, and it’s a good way to legally practice Agorism!