Clearly Stated:
Cryptoknot is not now initiating a financial product or anything based on value exchange. At this moment It is solely a cryptographic concept associated with verifying the provenance of information. It is a system that builds and authenticates graphic designs of knots and uses a unit of identity associated with this; cryptoknot; to tie up absolute assurances of fact for “owning” the value of information.
The concept of the knot theorizes an unending sequence of unique schematics based upon an unending framework of progressively numbered segments of cryptoknot. The generating of knots builds numeric units associated with them that record the knot’s placement in a sequence as a precise cryptographic marker. This placement zone is what is available to be a numeric proxy, making that knot a surrogate for the specific piece of information.
The phase cryptoknot is presently in is gathering an information base for inaugurating a ledger function. It is applying a code related to authenticity that is discoverable in a select group of objects now spread out among hundreds of thousands of unknown object/owner relationships involved in an experiment from twenty-five years ago. Controls made to match an owners signature; to match a digital representative of a group member; and, with more recent technology, match ups to digital images verifiable from Internet links, involve hidden identifiers placed within these objects while production-testing highly specialized systemic mechanisms.
The first distribution of cryptoknot are developed from the build tests in the knot’s White Paper at http://www.greatknot.com. These will be registering real objects to one of these knots to give them private identities. In a complex set of understandings of virtual intercession, the digital snapshot of the real object gets a cryptoknot number assigned to it that creates a digitally rare instance out of that image that now reflects the same value as the cryptoknot, its knot reference, and the actual collectible.
This may appear to delineate a system of financial products; and it does. It lays out a system where ownership decisions of fungible or non-fungible use of property are comprehendible. Where that goes is up to the participating owners. At this stage of building a base, just seeing if a distributed autonomous organization forms around one decision or another is sufficient.
No charge or commitment was required and no opportunity was restricted in tapping into this experiment. The participants already made their purchase a quarter century ago, and the platforms used to record this stakeholder interest are open to anyone on the Internet, as https:www.fb.me/saugerties and https://www.facebook.com/greatknot.
This is basically an opportunity to make connections. The connection to cryptoknot, when this happens, does require participation in https://www.patreon.com/MichaelSullivanSmith, to the tune of a few dollars a month. But what’s being built there is so well documented that the clarity of the mission, not to mention the related rewards, is well worth that expense to be able to experience this from the inside. (See previous Medium posts or http://www.greatknot.com/2.html for the lightweight mobile read.)
Finally, when one is open to being constantly bombarded with influences, which is the nature of life today, the time eventually comes to look at what is close to a direction that includes them all, and use that to tie up loose ends. Blockchain space did that, perfectly, and is what has inspired the underlying direction taken here for an art with its beginnings over fifty years ago.
A ton has been written on blockchain in the past two years and this could continue for as long as ideas are being imagined for its use. It’s time, though, to leave that kind of legacy to a future usefulness; or retrospect; and sort it out as one grand application. Now, action must take its turn, and these paragraphs have clearly stated a really understandable way of doing that.