Account Appropriation Act

*ITWITTER is an art NFT created to be implemented as a social art piece

Abstract. An appropriation of a social network account via tokenization would allow online entities to transfer an existing online social presence onto a decentralized monetary network in order to benefit directly one party from the other without going through a centralized incorporated entity. An online individual’s profile account in a leading social network provides part of the solution, but the main benefits are lost if that third party which aggregates the value created by its users to increase company value without direct financial benefits to users, would be also required to move value around between users.(as would be the case of the intended Facebook’s Libra coin) . We propose a solution to the centralized nature of existing social network’s problems using an appropriation scheme to enable direct transfer of social value into monetary value . A coin linking one’s social network account to a monetary-value-exchange network (a wallet app) that would also run as a DAO on some blockchain, would be the ultimate solution. However enabling the transformation required an appropriation type of action to be taken by each of the individual’s participating in such an existing centralized social network (Twitter). The purpose of the Twitter Coin [ITWITTER) is to demonstrate that scheme executed as a social art piece initiated by myself @NILIcoins as the artist, and activated by a community of Twitter’s account holders who would invest in buying the coins and building the prototype for this future network.

Social interaction on the Internet has come to rely almost exclusively on Social networks serving as trusted third parties to process (publish) social interaction. While the system works well enough for most transactions (tweets) it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible (censored) transactions (tweet or post) are not really possible, since Social networks owners cannot avoid mediating disputes (can be charged by law). The social cost of such intervention increases the loss of trust in the system and the social costs for all participants., And there is a broader cost in the loss of ability to trust the officiancy given by the centralized corporate structure. These uncertainties could have been avoided using regulators appointed by users in a fully democratized network of votings but no such mechanism is in existence since required a fully integrated decentralized digital identity scheme. In this paper, we propose a solution to the problem of a centralized management of social networks using the appropriation methods of claiming one’s own created value. The system is secure as long as honesty and social values are the merits translated into monetary value such that each individual’s positive action increases the collective value of the network as a whole.

2. Appropriation Art Transaction

We define the [ITWITTER] appropriation token as a chain of digital signatures starting at the minting of the first series issued as colored coin NFT by NILIcoin on Counterparty, utilizing the 2.0 protocol NFT innovations developed by Mastercoin (Omni) as open source code. Each Twitter account owner who holds an ITWITTET coin is entitled for a sub-asset NFT minted from the original ITWITTER issue address linking his @username to the original issued tokens. Though ITWITTER tokens do not have a serial number it is the purchase transaction’s timestamp that marks each token with its number by the order of purchasing. The sub-asset is minted after the purchase transaction is completed and is marked by the same number as the ITWITTER token purchase transaction. The order of action and transaction are as follow:

3. Timestamp Value

The solution we propose to the ITWITTER series NFT rare (unique) face (identity) value (life). begins with a timestamp . A timestamp works by taking a hash of each item’s issue transaction to be time stamped and published as the hash of the sent/receive transaction such as with Bitcoin’s coins. The timestamp proves the order of transactions and that the data must have existed at the time, obviously, in order to get into the hash. Each token transaction’s timestamp includes the previous timestamp in its hash, forming a serial number as a chain, with each additional timestamp reinforcing the order of each of the token’s original purchase transaction. It is thus the original purchase order executed that marks the token’s serial number and gives it it’s unique NFT identity and value.

4. Proof-of-@username

To implement a full appropriation activation of one’s own social network account username and tweets as assets on a peer-to-peer basis, we will need to use an existing blockchain, similar to Satoshi’s bitcoin data structure scheme, rather than the centrally controlled database. For our timestamp network, we implement the proof-of-@username by making some key data public, such that can be displayed and prove the user’s control over his/her account.. Once the proof effort has been expended to make it satisfy the proof-of-@username, the @username and serial number cannot be changed. As later @names are chained after it, the work to change or falsify the initial @username and serial number would include redoing all the blocks after it. The proof-of-@username also solves the problem of voting in decision making. If the majority were based on one-IP-address-one-vote, it could be subverted by anyone able to allocate many IPs. Proof-of-@username is essentially one-@username-one-vote. The majority decision is represented by the longest chain, which has the longest proof-of-@username invested in it. If a majority of @username voting power is controlled by attested users, the honest chain will grow its value the fastest and outpace any competing chains.

5. A Network Of Self-appropriated Social-assets.

The steps to form a decentralized network of existing assets must be initiated by users, each appropriating their own individual verified account on any of the social networks using the Golden Tweet model as self-appropriation act.

The Golden Tweet (or post) appropriation act is as follow:

Once appropriated, an account holder can claim all their activity as their assets and trade it using the wallet address to prove ownership and to receive payments. However the main benefit of the self appropriation act is to allow users to aggregate all their social activity on different networks, as reputation under a single address which they have the sole access and control over. This appropriation act carried out by many individuals on different social networks will form a new decentralized social network connecting all separated centralized social networks into one powerful decentralized meta network of blockchains.

6. A Guide to Own An Exclusive NILIcoins (2014) ITWITTER Based Sub-asset, Of your Appropriated Verified Own Twitter account

7. Conclusion

We have proposed the ability to tie one’s social asset created on a centralized social network to their real life entity using a decentralized payment enabled protocol, as the first step toward full appropriation of one’s own power of creation. While a decentralized act of appropriation deploys different decentralized networks of blockchains to store key data as the default solution to the ever growing power of social based corporate power, it also creates a meta decentralized network of identities which is directly governed by user’s power claimed back by choice.

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