Eco coin sustainable currency for Planet / Gaia / Spaceship Earth
THE PROBLEM: Our economy and ecology are out of balance. As businesses are forced to grow and make profit, our environment has come under increasing threat.
Cape Hatteras Island ordinance: only 30% of the island may be developed - the 30 / 70 rule
What if eco responsible transactions were incentivized where closer to market make or grow local, consume locally business type transactions are incentivized where closer is cheaper and closer is less fuel, C02 taxes?
Solution: a crop commodity indexed based coin that Thomas Edison and Henry Ford re-proposed in 1921 after economists proposed this solution in the late 1800's. Economist Bernard Lietaer re-proposed this concept in 1991.
Satoshi Nakamoto envisioned Bitcoin's micropayments supporting logistic parking demurrage fees on the (trade federation) blockchain
The Terra is a global complementary currency designed to provide an inflation-resistant international standard of value; to stabilize the business cycle on a global level; and to realign stockholder’s interests with long-term sustainability. From a legal viewpoint, the Terra is standardized “countertrade” (international barter), which is routinely used for over one trillion dollars worth of transactions per year. Legislation on countertrade exists in about two hundred countries, including all the major trading nations. Introducing the Terra would therefore not require new international governmental agreements. The TERRA Trade Reference Currency is a paper / document proposal that lacks a transaction protocol like Bitcoin. Bitcoin blockchain micro payments pair perfectly with the Terra TRC's demurrage charges to offset costs for temporary storage and transfer of goods.
The TERRA Trade Reference Currency: complementary, privately issued, demurrage-charged, backed by inflation-resistant, standardized basket of the dozen most important commodities, services and operates in parallel with national currencies. Terra The Trade Reference Currency, TRC "world currency". Proposed by Belgian economist and expert on monetary systems Bernard A. Lietaer in 2001, based on a similar proposal from the 1930s. The currency is meant to be based on a basket of the 9-12 most important commodities (according to their importance in world wide trade). Terra = reference unit defined as standardized basket of key internationally traded commodities & services. Macro to micro reporting is key to establishing a Economist Milton Friedman inspired K% statistical mean value index through use of UTZ stochastically harmonized time stamping of commodities identified by Organizational Identifier Org_ID, and Uniform Resource Name URN
TERRA Trade Reference Currency / RIPPLE monetary protocol. The Trade Reference Currency (TRC) TM is a new currency privately issued by the TRC Alliance, with a built-in circulation incentive that could play a significant role in getting the world out of recession. Its unit of account is the Terra. It would systematically stabilize the effects on the business cycle and re-align financial interests with long-term sustainability.
Terra: demurrage-charged currency acts like parking fee, incurring cost over time to holder estimated at 3.5%-4% per annum corresponding to costs incurred for storing physical commodities in the Terra basket. Monetary Instability: Over $1.3 trillion is traded per day in foreign exchange markets, a figure that is 100-fold the trading volume of all of the world’s stock exchanges combined.
Article: Thomas Edison’s Quixotic Plan for a New Monetary Policy article: During the sharp recession of 1921- 1922, Thomas Edison turned from making innovative consumer products to reinventing the U.S. monetary system. Edison searched for new ways to stabilize the dollar, the value of which had fluctuated widely during World War I and its aftermath. His goal was to “cast the variable out of money.” Edison did not favor a monetary policy based solely on gold, Edison called for a system that used a variety of other commodities as backing for the nation’s paper money supply. (Crop) Commodities can be tokenized and their handling, demurrage logistic fees paid by crypto-currency, Bitcoin cryptocurrency micropayments
Economist Milton Friedman... Mr MaGoo #2: Friedman's K% Rule: Economist Milton Friedman predicted the rise of a computer capable of automatically adjusting the inflation rate of money, and this is precisely what we see in the case of bitcoin, as a regulatory algorithm intelligently adjusts the mining difficulty to make the issuance of blocks more or less easy depending on the demand for network hashing power. No money system we have seen to date can claim it is chronologically regulated. The universal construct of time is the backbone of the cryptocurrency digital economy. Investopedia K % Rule Source: https://investopedia.com/terms/k/k-percent-rule.asp
Economist Milton Friedman predicted the rise of a computer capable of automatically adjusting the inflation rate of money, and this is precisely what we see in the case of bitcoin, as a regulatory algorithm intelligently adjusts the mining difficulty to make the issuance of blocks more or less easy depending on the demand for network hashing power. No money system we have seen to date can claim it is chronologically regulated. The universal construct of time is the backbone of the cryptocurrency digital economy. Investopedia K % Rule Source: https://investopedia.com/terms/k/k-percent-rule.asp
Friedman's k-percent rule: American economist, statistician and writer Milton Friedman once posed the idea of replacing central banking institutions with a computer capable of mechanically managing the supply of money. He proposed a fixed monetary rule, called Friedman's k-percent rule, where money supply would be calculated by known macroeconomic and financial factors, targeting a specific level or range of inflation. Under this rule, a central reserve bank would have no leeway as money supply increases could be determined by a computer and the market (and its citizens) could then anticipate all monetary policy decisions. Will we ever see Friedman's computerized banking institution put into action? Considering the mining network is the closest thing to an authority within bitcoin, and mining will only get more specialized and thus centralized in the future, we may well already be on the path towards it. See also LINK http://sawconcepts.com/index/id43.html
Satoshi Nakamoto’s Bitcoin key building block is a time stamp server. Satoshi Nakamoto: "Bitcoin is intended to be paired with the market place" "the blockchain stores references to market indexes"
Globalization involves multi-national corporate entities vying for control of regional resources. It follows that a proven strategy to identify, track, and monitor resources regionally within the global economic matrix is needed. Bitcoin cryptocurrencies as programmable money and the internet's heartbeat, heartbeat messages timed to harvest data during micro economic cycles then aggregated into a composite economic heartbeat pulse as Economist Milton Friedman’s K% rule is a clear and present opportunity for trade equity and economic system of systems stability. Source: http://sawconcepts.com/index/id43.html
FEDCOIN / WORLD COIN ECONOMIC HEARTBEAT
Economic Reset solution: form economic trade federations incentivizing environment friendly business practices leveraging Bitcoin's micro-payment capabilities supporting the TERRA Trade Reference Currency TRC demurrage resource handling charge. Closer is cheaper, less fuel, less C02 carbon emissions. Main building blocks:
Firefly Heartbeat algorithm Time – Space Sync algorithm improved by matching firefly async / sync process to closest Operational Tempo OPTEMPO heartbeat time epoch cycle
TERRA TRC TRADE REFERENCE CURRENCY Commodity (crops etc., )
WAVES: TOKENIZES NATIONAL CURRENCIES
ECONOMIST MILTON FRIEDMAN"S K% RULE Lead Economic Indicator economic pulse
Use Thomas Edison's commodity backed index recommendation 1921, Milton Friedman's K % rule, Economist Bernard Lietaer's TERRA TRC Trade Reference Currency concepts in concert with the firefly-heartbeat algorithm developed by the University of Bologna, University of Hungary = ECONOMIC HEARTBEAT FEDCOIN / WORLDCOIN
A world economic heartbeat Eco-Economic TERRA-CYCLE involves maintaining globally distributed ledgers and a shared micro - macro economic cycle schedule. Demurrage: term used in currency trading to denote cost of currency ownership and/or storage. cost of carrying money... considered superior to interest payments, as it stimulates currency circulation and economic growth. "In a physical sense, demurrage represents a delay that occurs during the transportation of goods via truck. When this happens, the trucking firm delivering the product can opt to pay a flat fee to the receiver to cover any loss incurred as a result of the delay. This fee can be assessed on an hourly basis. Or in the case of gold, demurrage is simply the costs associated with storage of bouillon. Closer - cheaper, closer = faster, closer = less fuel = less carbon emissions. See http://investopedia.com/terms/d/demurrage.asp
ECO ECONOMIC SUSTAINABILITY HEARTBEAT FOR Mr. MaGoo #1's Spaceship Earth
The Heart Beacon Cycle Time - Space Meter = Signaling and Coordinating Instructions Annex for Buckminster Fuller's Operating Manual for Spaceship Earth EVERYDAY SHOULD BE SPACESHIP EARTH DAY
The Heart Beacon Cycle: a procedural template listing tools, syntax, processes useful in forming, maintaining a system of services providing consistent scheduling of micro-services reporting to macro-cycle updates to decision support overlays and scheduling signaling, telemetry exchanges among the system of systems . The Heart Beacon Cycle is a procedural template framework that includes citations of required standards, processes, shared components / building blocks and conventions that are agreed upon as criteria required as a minimum to join trade federations.
Globalization involves multi-national corporate entities vying for control of regional resources. It follows that a proven strategy to identify, track, and monitor resources within the global economic matrix is needed.
Simply stated, scientists marching for a common cause — preservation of our Ecosphere is awesome. So is sustained, systemic action. Why not focus on forming local and regional equitable, sustainable trade federations where closer is cheaper (geo-spatial econometrics) re-using NATO geo-spatial temporal econometric procedures intrinsic to host nation agreements for food, water, energy.. swords to plowshare style?
See EARTH Token — Demonstration of CITEX (impactChoice Climate Credit Issuing & Tracking Exchange) LINK
TERRA TRC White Paper http://www.terratrc.org/PDF/Terra_WhitePaper_2.27.04.pdf .
TERRA TRC LINK: http://p2pfoundation.net/Terra
ARTICLE SOURCE: Eco Coin Link : https://ecocoin.com