Interest is a measurement of assigning value to risk. Time-based. All transactions have a time component which, today, is rolled up into the bond/currency relationship. That creates a perpetual fee. Promise Language describes that time component while also removing the ambiguity in value descriptions that are complicated by multiple languages and intentional obfuscation.
Sunday, May 25, 2014
The New Approach to Freedom - 1949
"When the people of the world have a common monetary language, completely freed from every government, it will so facilitate and stabilize exchange that peace and prosperity will ensue even without world government.
A union of peoples rather than a union of political governments is what the world needs."
E.C. Riegel, monetary theorist
Distributed transactions
A common language/protocol creates efficiency to allow distributing all components of a transaction. Trust is distributed. Value translation is distributed. Every transaction is composed of a value translation and a temporarily trusted 3rd party to assure the value is transferred.
A common language allows barter and allows currency transactions. The language also describes Time. All transactions take time, so the current reporting of transactions in a receipt does not accurately describe the transaction and how long it took for each side to deliver on their end of the bargain. Finance-types should understand that.
A common language allows individual choice in every transaction. One of the derivatives of a common language is a common peer-to-peer marketplace/exchange described below.
A common language allows barter and allows currency transactions. The language also describes Time. All transactions take time, so the current reporting of transactions in a receipt does not accurately describe the transaction and how long it took for each side to deliver on their end of the bargain. Finance-types should understand that.
A common language allows individual choice in every transaction. One of the derivatives of a common language is a common peer-to-peer marketplace/exchange described below.
Sunday, May 11, 2014
Looking for investment capital
Working prototype is complete. See below.
It is a free exchange software, however, does much more than that.
Value-added services to assure agreements are met. As well as what I term "wealth/value translation".
All transactions are searchable. Privacy can be kept.
It works with all existing systems/businesses on earth.
It is a free exchange software, however, does much more than that.
Value-added services to assure agreements are met. As well as what I term "wealth/value translation".
All transactions are searchable. Privacy can be kept.
It works with all existing systems/businesses on earth.
Screenshot of the working prototype
This works for exchange software (EG. NYSE, Amex, Nasdaq, CBOT) as well as functions as a free E-Bay or Craigslist-type sale software.
Anonymous users (or not).
Accountability.
Reputation.
Full audit trail (will satisfy law and finance).
Anonymous users (or not).
Accountability.
Reputation.
Full audit trail (will satisfy law and finance).
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