The "TransferX" project
I have a clever way to modernize the transfer of authentication, value, and information. It makes what we do today look like we are in the stone age.
It’s always bothered me that Canadian truckers had their bank accounts frozen by the Canadian government. That’s not right.
A week ago, an idea came to me that will enable us to create a parallel economy that is resistant to such abuse. And the beauty is that it makes the existing mechanisms for:
identify,
transfer of value and
transfer of information
obsolete. It’s a way better solution.
Perhaps the single best idea I’ve ever had in my life (according to people I’ve disclosed it to).
Remember how Uber revolutionized transit? It was an idea that could have been executed at any time, obvious in hindsight, yet it took years before someone acted on the concept.
I have a similar idea for how to make value transfers faster, easier, safer than using credit cards. It works for push and pull money transactions, authentication, and information. And more (and the more parts are $100B markets too).
Confirmations are INSTANT (under 100 msec) so perfect for in-person and web transactions (push and pull).
All the infrastructure is fully secure (comparable to a public blockchain).
This will make credit cards and today’s authentication look like something out of the stone age. And it’s all extremely secure (orders of magnitude more secure than today’s mechanisms). And the control you have over things will be much greater. It uses public blockchains, but even if there is an outage, the transactions still work.
I’m looking for an experience software architect to collaborate with take this to the milestone
I know how to implement all of this, so no rocket science is required. If you are familiar with Solana, that’s a huge plus, but not required as the idea is public blockchain independent.
We’ll start with a paper design and get feedback before we hire a team and start coding.
Apply here
If you are an experienced software architect with crypto experience, tell me about your architect/crypto background here.
Be sure to check the “TransferX” box. Impress me in your writeup; tell me what you’ve done architecture wise that will knock my socks off. Feel free to link to a Google doc, etc. if you need more space than what is allowed (or want to be more expressive).
This will be game changing. Together we will change the world.
Thank you Steve for your tireless efforts. I believe the only way out of this is rather than fight the existing narrative the people create a paradigm to replace the old one until it becomes obsolete. It may take some time but i see it happening all around us. Healthcare, food resources and currency are the necessary and primary drivers. Not to forget the housing crisis. I am on the west coast of Canada on Vancouver island and we are part of a growing community that is moving in that direction. I have some ideas around resolving our housing situation and would very much appreciate some dialogue with you at some point. If you have the time perhaps contact me so I can run the model past you. My email is: ramccullochbuilders@gmail.com
Richard McCulloch
Hi Steve, thank you for your tireless efforts. I concur that the only way out of this is to replace the existing debacle with a new paradigm making the old one obsolete. Food, shelter, currency and medicine are the primary drivers. I have some models to assist in our housing crisis here on Vancouver island that could be duplicable anywhere and would appreciate the chance to open some dialogue with you in the hope to garner some ideas on gaining additional traction. If you can find some time my email is: ramccullochbuilders@gmail.com or 250 927 8979
Regards, Richard