# Thesis v0.1

It is my thesis that economic incentives and automation, technology, and decentralisation can be aligned to create a "Proof of Carbon Capture Cryptocurrency." This has been attempted before but nowhere has there been a level of sophistication of platform sufficient to make this happen.

In this case, the whole system, from verification to minting to marketplace, is integrated and *on chain*. This gives us a greater level of precision on value-capture and greater expressivity on the nature of the carbon credits, with all the metadata attached.

*Natural capital.* This is a *currency backed by natural capital.*

## Automatically Pricing Carbon Projects
Probably going to need some sort of oracle here. Make it available in a reliable way such that pricing doesn't

## Decentralise the Oracle that Rates Projects
How will this be decentralised? Just use chainlink

## Proof of Carbon Capture
Exchange rate for the one-way

## Key ideas
- Token expressivity (is to money what writing is to speech)
- We probably want this verified with Bas's thing
- Public infrastructure is a good way to think about blockchains generally
- Relate this to your project by saying that crypto is a public good and can encode in it public incentives. In this case it is accessible to all and allows anyone around the world the ability to print money, so long as they can prove they have captured and "buried" carbon.
- Forward pricing model and dividends (how to incorporate that into the buried carbon thing?)
- The key is that this is a TRULY DECENTRALISED proof of carbon capture cryptocurrency; no one else in the world can do this!!

## TO DOs on research
- Figure out how to automatically price comparative projects
- Figure out how to make rating oracle feed stable and reliable
- Figure out how to decentralise the ratings process
- Figure out how to make the one-way token gate and how to integrate it back with the system

There's already a concept of a "fungible" token, which is given by the relative carbon pricing. This should relate to the BURIED token. Should there be an exchange pool between these two? Should they be kept separate?

## Other Research
Differentiate yourself from Klima DAO

## Main Theses
- Crypto is to value capture what letter-writing is to speech
- Being really precise in token value and flexible in how things are funded.
- Automate the marketplace
- Price oracle
- DAO-ish---autonomous and upgradeable, whether through gov token holders or no
- A governance model would have to be really thought through

## SCORU stuff

Upgradeable and decentralised:
- The algorithm itself can be replaced/updated in the SCORU *in a decentralised way* (if gov token holders are allowed to vote or something)
- The publicly available data can be sourced via Chainlink
- Upgradeable via a proxy contract presumably
- All the computation is done *on-chain*.
- The algorithm is on-chain and so is the data (presumably? Yes?)
- Get upgradeability working but that can be done by some sort of proxy contract

This will be the first high-computation decentralised system. There it is. That's a thesis I reckon. High computational output smart contracts. Hooray.