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Digital Coin
12-25-2009, 11:39 PM,
#1
Digital Coin
A comprehensive & innovative proposal for a new system of sustainable economics.

Below are four links, best followed in order. The first is a short animation "The Essence of Money" illustrating the principle that underlies this idea, self-issued credit.

This is much the same idea that underlies most alternative money systems and which is, in truth, the basis upon which conventional banking actually works despite its pretense to be "lending" money.

See Money as Debt

The second animation "Digital Coin- Introduction" shows how Digital Coin puts this simple universal principle into practice using emerging technologies to create "unique digital objects" that can be used like coins.

These "Digital Coins" can be transferred instantly anywhere in the networked world.
This can be done anonymously, without accounting and without any third party involvement, analogous to handing someone a gold coin. You have it. Now they have it. No bookkeeping is required unless desired.

These "unique digital objects" are also analogous to gold coins in that they have inherent value. They are fully redeemable for specific real goods and services.

The third link is to a 3-page PDF document "Digital Coin in Brief"

The fourth links to the full 28-page proposal, "Digital Coin - Beyond Money" (pdf) revised as of August 16, 2009

The_Essence_of_Money

Digital_Coin_Introduction

Digital_Coin_Draft_Proposal_Grignon_Aug16_2009.pdf

Digital Coin Technology_Nov9_09.pdf
An error does not become truth by reason of multiplied propagation, nor does truth become error because nobody sees it.
Mohandas Gandhi


Each of us is put here in this time and this place to personally decide the future of humankind.
Did you think you were put here for something less?
Chief Arvol Looking Horse
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12-26-2009, 11:08 AM,
#2
RE: Digital Coin
I'll give some feedback once I read through the docs but digital money has all sorts of issues associated with it. Although it would be the ultimate form of trade lubrication by way of a currency system and has the potential for greater transparency it carries the inherent risks of manipulation, centralized control, fraud and insecurity. The risks outweigh the benefits at first and second glance but I'll try to keep an open mind while remaining skeptical. Bear in mind there is a big difference between a theory and real world application once the human element is introduced to the system -- especially with something that carries with it so much power such is the nature of monies.
There are no others, there is only us.
http://FastTadpole.com/
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12-28-2009, 06:49 PM,
#3
RE: Digital Coin
Nice road-map to a One-World Currency System ?
Marc "TheQleaner" Fisher
Unseen Head
The Illuminati Order

Novus Ordo Seclorum
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12-29-2009, 07:39 PM,
#4
RE: Digital Coin
(12-28-2009, 06:49 PM)TheQleaner Wrote: Nice road-map to a One-World Currency System ?

Quote:
It has many times been suggested that the world needs a global currency. But with the debtbased monetary system now prevalent, a world currency on the same basis would mean that everyone in the world would have to be in debt to the world central bank or they would have no money. We can see from examining recent history, that the International Monetary Fund and the World Bank have clearly demonstrated the destructive effects on peoples’ lives that such centralized monopoly control over the credit supply could be expected to deliver.

And the pivotal question remains, why in the world should bankers get to create money?
....from Digital Coin Draft Proposal
An error does not become truth by reason of multiplied propagation, nor does truth become error because nobody sees it.
Mohandas Gandhi


Each of us is put here in this time and this place to personally decide the future of humankind.
Did you think you were put here for something less?
Chief Arvol Looking Horse
Reply
12-29-2009, 08:03 PM,
#5
RE: Digital Coin
So, if the Global Economy were switched to Socialist, thereby eliminating Capitalism and Communism, it could work ?
Marc "TheQleaner" Fisher
Unseen Head
The Illuminati Order

Novus Ordo Seclorum
Reply


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