Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Wednesday, October 9, 2013

Two pixel currency.





Currency is valuable especially in our technological world.  Debt currency on a large scale is a dinosaur but what about a gift currency: work is performed and recorded.  That record is traded.  As each trade is made its history becomes a testament to community economy. (*Information regarding debt currency inefficiencies.)

This has been done on paper.  On a small scale it cannot be forged as each transaction is signed.
"Oh I see you cooked meals for old Mrs Smith when she was ill last week, and she had bought a painting from Ana... Yes I'll accept this for an afternoon of landscaping."  And it continues.

I am interested in a medium of exchange created from "tracking pixels" currently used in shipping and advertising.  Any work or trade can be entered into a database and encrypted becoming part of the record of that currency that cannot be forged any more than breaking into a Bank of America's system.  And why forge a history?  Takes too much time.  These can be on phone Passbooks or paper as they would be scanned every time they were used.  Some would have more value than others-- essentially e-denominations.

Such a system would be much easier to program and implement than setting up a bank and credit card system.  Even Nobel Prize and Congressional Medal of Honor winner Muhammed Yunus famous for microcredit could not muster starting a bank in America.  The only fix is innovation.


*Some background regarding how the current system inherently absconds from innovators and laborers.

http://www.globalresearch.ca/its-the-interest-stupid-why-bankers-rule-the-world/5311030
http://www.youtube.com/watch?v=EEZkQv25uEs