Project FixedCurrency

Daniel Hazelton Waters

I think people should create a online democracy and a new currency togo with it. It would exist independent of all other systems before it reaches dominance. It would work like this everyone who joins would get an account with one unit of currency electronically registered as a decimal 1.0... it would have no limit to what level it could be divided as long as the current computer systems can handle it. Now anyone with this account can spend into anyone elses account and also create an empty account with a political goal attached and if people agree can spend into it for work towards it's completion. Also anyone with over 101% of original account level would be taxed 1% of there account calculated every mement and removed and then given to those who have less then 99% account level. There could be many ways to represent one's account and could be automatically converted like e-gold for one's taste the most acurate though is a decimal. This nominal redistribution is for assurance from extreme poverty and it keeps people from getting too rich in these Democracy dollars os mono money the power of one for each individual collectively is that everyone starts out with the same share and people with more automatically gives to people with less but not too much! and since everyone with less then 99% get an equal share then it does not reward to completely dump your account selling your sole amount. Oh and all those goal account would be taxed too, also collectively all could decide to use upto 49% of the tax for other uses. Though the value would start as zero it would rise little by little forever because it can be split to a infinately finite level this could make everyone wealthy even if one was really bad with money the residual income would be enough to live on eventually and all would have a fair shake while still alowing for wealth to accumalate "that would actually make everyone else richer too" this would be great for when robots and A.I. produces everything it would save us from unemployment. just a thought;-) Sincerely, Daniel Hazelton Waters Who wants to see this electronic currency created? open source style! non-profit accept for the obvious reward...

Rob Graham

Huh? Made absolutely no sense to me.:suss: another money from nothing scheme? Perhaps you should read some economics texts. The reason governments don't just print more money whenever they feel like it is that doing so will eventually make the currency worthless. Your math kinda sucks too. no matter how you redistribute a given ammount as percentages, the sum total remains the same, it does not grow. The phrase 'infinitely finite' is the non-sensical combination of opposites, and hence is meaningless, since things are either one or the other, never both. Anger is the most impotent of passions. It effects nothing it goes about, and hurts the one who is possessed by it more than the one against whom it is directed. Carl Sandburg

Daniel Hazelton Waters

Ok it seems you don't like my idea but it seems you may have a misconception or two of what I was saying, the amount of currency does change whenever another person joins the system it adds one unit to the base. Infinitly Finite does exist theoretically but it may be limited by our finite computers we use now... but! there is a vast potential to make smaller and smaller precents it's virtually limitless in terms of everyday use. It's not a money for nothing scheme this is for sure... it has value as a measure of voting weight at least, it is also set up to appreciate in value to a limitless degree to be successful though it would be wise to only make a steady increase in value that slowly levels off in a reverse exponetial way. Knowledge is a tree growing from the dirt of information

Daniel Hazelton Waters

This Idea is not written in stone it may be much more implementable with some variations to this theme It may also be like Ben Franklins phonetic alphabet idea which was great but nobody was going to adopt it. One thing is for sure though our Nonfederal federal reserves note is a shame it is unconstitutional Ilegal tender. It is backed by unimaginable debt and my idea IS Infinitely better to this house of cards leaning tower... say for example as this currency gained any value a percentage of wealth fees was used to add gold into a reserve. Then eventually it would be backed by intrinsic value on top of it's practical one and since this currency increases in value it can back itself increasingly at the small expense of the more wealthy. No need for an IRS or other gigantic messes just a world of volunteers making a world utopia. How can we let a money monopoly of monopoly money exist?

DavidNohejl

What about worldwide "b***s**t feed the world" acount? I mean when somebody say b***s**t, (s)he must give, say, $10 to charity. This way, it would be perfect system. We'd raise enough money to feed people in poor countries in weeks. There are aproximately 100 000 000 000 000 people in the World. With b***s**t ratio 1bs/day this is around $10^finite_infinum... Plus it's very fair system! I am sorry, your idea can't work. My own idea I presented here can work, bt yours is very entertaining! certainly my 5! :-D To guys who voted him down: Do you even know what he's talking about??? :-D best regard, David 'DNH' Nohejl Never forget: "Stay kul and happy" (I.A.)

73Zeppelin

There are so many faults with this argument on so many levels it is staggaring. For one thing, you need to review your mathematics. Please read this[^], then think about your idea in depth once more and then we'll discuss. Additionally, prior to any academic discussion of your "idea" you should also review basic English. You should also commence taking your anti-psychotic medication and abandon ridiculous and dillusional visions of global utopia that many people much smarter than you have attempted to attain... I love when the crazies come out of the woodwork... :-> John Theal Physicist at Large Got CAD? http://www.presenter3d.com[^]

Luis Alonso Ramos

dnh wrote: To guys who voted him down: Do you even know what he's talking about??? Do YOU???? ;P -- LuisR

Luis Alonso Ramos Intelectix - Chihuahua, Mexico Not much here: My CP Blog!

Sean Michael Murphy

... by Neal Stephenson for a glimpse at a really well thought out international digital currency. Sean

DavidNohejl

uh hmmm Do you think I am nuts? :-D I hope somebody will make his post clear to me... I am not sure if it was joke, mad theory or words in random order :~ I voted for "it was meant as a joke" option :) David Never forget: "Stay kul and happy" (I.A.)

Daniel Hazelton Waters

Those honor system schemes are not any better then my monopoly money, they are almost never honored...

Daniel Hazelton Waters

Utopia in my humble view would in no way involve money at all except for entertainment purposes. A utopia would not be reached by any smart person it takes a collective effort and growth... I volunteer all I can to any reasonable solutions to real problems and free thought. Sincerely, Daniel Hazelton Waters