Promise Language

Law/contracts Banking Finance Accounting Money Therefore, they need a standard protocol and data structure.

Different cultures and languages create mis-communications in monetary transactions, therefore a standard protocol is necessary. Some of t...

Who creates cash and destroys cash? Who controls the cash distribution network in the United States? Who can revoke bank charters and contr...

The USD's design ensures bond-OWNERS receive interest in perpetuity from a class of bond-PAYERS.  While appearances are kept that bond-p...

If you have access to a bank's database, you can change the amount to $1 billion and spend it. Since the bank is a database, data secu...

If they had recognized that the fraud was in the digital currency and not necessarily the paper currency, Venezuela could have reneged on it...

1. Work for any bank (or hack into the database). 2. Change the amount in your account to $1 trillion. 3. Buy off anyone who asks question...

Would it be possible to create a gold-backed DIGITAL currency where the State of Texas would only own the DIGITAL, but the digital coins wou...

Everyone has a buy-off point. So, there is no more mystery about the concept of money or what it is:  it is simply accounting fraud today...

In July:   Bank of America halts wire transfers to Atlantic Bank International . Back in April: Bank of America halts wire transfers to Be...

The daily is in an overall downtrend, and I shorted 926.30 shortly after the morning open.  Price moved in my direction about 2 points, t...

http://www.washingtonpost.com/national/health-science/cerner-wins-dod-contract-to-overhaul-electronic-health-records/2015/07/29/7fbfccfa-35f...

https://www.yahoo.com/news/venezuela-risky-financial-acrobatics-raise-hard-currency-022525771.html Assets to satisfy short-term debt issue...

Reading this interesting comparison between Iceland and Ireland , it can be understood that each currency is a microcosm used to determine ...

Prices have gone to rents. As rent is a long term contract, that is a floor providing the upward spiral.  https://www.yahoo.com/finance/news...

One might notice the extreme similarity between the market action of the EUR/USD and the SPX500.  Start from the steep drop off, notice the ...

Perhaps accounting issues are an issue elsewhere, as well. http://www.msn.com/en-us/money/companies/toshiba-president-senior-execs-quit...

Note the Blue-circled area.  Do we note the dramatic "character-change" of the market between the hours of 10am sharp and 1pm? ...

Is it possible to sell shares in a corporation to residents domiciled in the state of incorporation without SEC regulatory oversight?  Yes. ...

Audit trail. Real-time exchange. Works for any transaction in any currency, language, or culture.

As low-wage workers' income rises, so will their spending.  This is going to affect the CPI. The end-game of the USD is quickly upon ...

The following will work for any transaction, meet regulatory approval, and provide any imaginable functionality.  Stock market to grocery st...

The legal construct between gold and silver is a part of the monetary system's problems.  There are two ways to handle this: 1. an ame...

The National Institute of Standards and Measures  was created by the US Treasury to define the gold and silver weight standards.  Today, mo...

The most effective way is to add 0's to a database record.  No one loses any money, so it is easier to hide. Depending on your access to...

The Bank of Thailand stopped accepting digital baht as settlement internationally? That could lead to an "external currency" and...

Pay them as little as possible while promising a long term escape. If you pay them too much, they will retire and stop working. If you pa...

Current policy is a step in the right direction but will lead to hyperinflation in the next few years. Maturing bonds are apparently $3.5 ...

It appears that the new Fed policy is to end the purchase of new bonds. So, they are not printing money any more. As long as that policy hol...

A good currency? None has been invented yet. Currencies become accepted when they are tied to something tangible. Then they are corrupted an...

I have opened discussions with the SEC of the United States. Since my initial offer is in Thai Baht, likely discussions with the Thai SEC wi...

While Bitcoin's "blockchain" is a step in the direction of a public ledger, it only works with Bitcoin and does not show the o...

Any contract.  Any monetary transaction.  Works with any language.  The format is simple and understandable.  Works for finance.  Works for ...

In a standard format, with a Commerce ID for privacy (what some call a "smart contract"). It works with all currencies and barte...

How many new bonds did the Fed purchase today?  30 years to repay.  How many infants born today? Get to work little debt-slaves.  Mommy an...

A class-action lawsuit appears possible.  Fraud is alleged and I think can be clearly proven.  Based on my analysis, I think a conservative ...

Lawrence Summers wrote a  good article in the WSJ about lack of jobs due to automation. Currency is a product manufactured by the central...

In my opinion, Bitcoin 2.0 will not be a currency. It will be a "block chain" of all electronic transactions regardless of what wa...

Commerce between anonymous people is possible with a P2P database and open source. A public record of one's previous transactions is r...

A Commerce ID™ uniquely identifies an individual or entity for the purposes of conducting commerce or monetary transactions. The Commerce ...

All currencies have pluses and minuses.  There is no holy grail of a perfect currency. So the answer is to allow efficient translation bet...

I will talk from the Thai baht perspective. There are 3 forms of baht:  gold, digital, and physical. Each has a different value. Once up...

When the Fed creates money to purchase bonds, the Treasury spends it. Where does that newly created money get spent? Government contracts. ...

It should be stated:  fractional-reserve credit is not the problem. Bond purchasing with created money is the problem. That is illegal lendi...

http://www.bot.or.th/Thai/EconomicConditions/ResearchPublication/MonthlyWorkshop/Documents/Reassessing_Piti2556.pdf

Most central banks today create currency at the time of bond purchase.  Since bonds have interest attached, that means every unit of currenc...

Money is not necessarily currency. Money is a promise to deliver value, although it might have value unto itself. The description of val...

All existing currencies are said to be debt-based. Originally, the USD was backed by gold/silver. That gold was stolen behind the scenes. So...

Interest is a measurement of assigning value to risk. Time-based. All transactions have a time component which, today, is rolled up into th...

"When the people of the world have a common monetary language, completely freed from every government, it will so facilitate and stabil...

A common language/protocol creates efficiency to allow distributing all components of a transaction.  Trust is distributed.  Value translati...

Working prototype is complete.  See below. It is a free exchange software, however, does much more than that. Value-added services to as...

This works for exchange software (EG. NYSE, Amex, Nasdaq, CBOT) as well as functions as a free E-Bay or Craigslist-type sale software. Ano...

            //selling IBM             TransactionItem item = Transaction.Sell("100 IBM", "myCommerceID");             ...

Initiating Promise:    100 IBM Notice - accept: 5000 USD Initiating Promise:    5000 USD Notice - accept: 100 IBM Note the structure ...

Once upon a time, some guy had an orange and you wanted it.  So you offered to trade a banana for his orange.  But your banana was way back ...

See below for the context, but two more EDI messages might be a good idea: "Completed" to show that both sides delivered on the...

Promise Language is a standard way to yell to the global village who owes what.  If placed into a peer-to-peer database, all promises would ...

The root of money is a "promise to deliver value". Money is a human construct. Money originally was a form of bookkeeping to s...

This is an EDI format/specification/standard/protocol for monetary transactions.  It is free. Some terminology: Wealth Storage - a vault ...

An EDI format for monetary transactions prevents a perpetual fee. EDI formats are free. Bitcoin uses an algorithm designed by the NSA. Is t...

Promise. Promise. Deliver. Deliver. End transaction. The above creates efficiency in electronic transactions by providing a standar...

Metaphorically (and digitally) speaking, are there 3 Bitcoins? Was Bitcoin started on the 0 bit or the 1 bit?  Is there a switch/flapper? ...

Two people. One promise. Another promise. First delivers. Second delivers. End transaction. Time stamps at each stage allow risk ...

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...