Promise Language

Imagine you are part of a drug deal or a gun deal.  Tensions are high, heavily armed security on both sides.  Most deals don't end in gu...

Promise Language and Bitcoin do not define price.  They allow value to be translated efficiently. Currencies stabilize price.  Salaries ...

Central banks require a clearing settlement device among currencies.  Gold has served that function historically, however, has issues.  Name...

Imagine going to Japan and not knowing a word of Japanese.  Your goal is to buy some salmon sushi.  With some pantomiming and lots of gestur...

even in a world of undelivered promises.

It allows other forms of value to be conveyed to facilitate a transaction.  The individual chooses the form of value.  The efficiency allowe...

Edit:  money supply and currency supply are two separate things.  Money is the abstraction of anything of value.  Currency is something issu...

Are you taking risk? There is no such thing as instant delivery. Value changes. Transaction fees cover. Dividing your lines of busin...

The internet allows efficient "Wealth Translation", but requires a standard language/protocol. While it is nice to see an altern...

They are not monetary science experts. They are computer professionals and underestimate the subject matter. See the W3C wiki for more i...

Communication * (Trust + Performance) = Accountability The above equation led to the creation of a monetary transaction specification w...

The financial system is composed of a series of broken promises going back to treaties and trust funds.  Modern central banks were deliberat...

Only living beings can make promises.

Promise Language is a standardized protocol for transactions that solves the problem of money.  All transactions are "promises to deliv...

Transactions today require common trust in govt/central bank, Promise Language distributes that trust. At its most basic, Promise Languag...

(Sorry for the grammatical errors.  I type as a I think, and when I switch plurals with pronouns, it means that I have conceptually abstract...

PL can be implemented at a small local bank as easily as a central bank. It instantly assures trust among participants while reducing transa...

Similar to HTML or XML, PL (Promise Language) is a simple framework describing promises that can be read by humans and processed by computer...

It is a public specification for contracts (promises) between individuals. Promise Language (PL) provides a framework that can be easily rea...

Promise Language is a loose framework for describing promises between individuals. Similar to contract law, but simple. Money is simply a...