Post
Topic
Board Politics & Society
Re: What makes a currency meaningful?
by
yldouright
on 26/11/2014, 01:57:25 UTC
Governments are like parents. When they're good they can make life alot easier for everyone but when they're bad, well, we have history to instruct us. The problem we have nowadays is that even if good people get into a position to govern, they don't have the power. That power has been usurped by mulitnational interests who have found an end around the democratic process and have taken the sovereignty from the people who fought for it. Indeed, they now instigate the wars when it suits them in their pursuit of the new world order. The banks are only one of the vehicles in this process but perhaps the most critical to correct. The best way to correct the banks is to compete with their currency and the direction taken so far is the right one but widespread, global adoption is critical and mechanisms must be in place to assure that this cryptocoin does not just become another evil. I believe this is achievable and have suggested a current coin on which to model after or build upon. Here are the features this new coin should have:
1. Limits on accumulation.
2. High efficiency for both transactions and network loads.
3. A useful function like maintaining a cryptographic library of all the worlds documents.
4. An unerasable audit trail of transactions and a built in mechanism for public policy decision making.
These are the top priority characteristics for a currency that can fix the world. There are many ways to mess these up in their implementation but if done properly, humanity can be saved many of its currently manufactured ills. It should be obvious to most reading here why the feature list above is critical but if anyone needs a clarification of what these features will address, the discussion herein is likely to bring them to light. I will certainly do my part.