Author

Topic: An EDI format for monetary transactions (Read 459 times)

member
Activity: 81
Merit: 10
March 05, 2014, 09:46:13 PM
#1
All transactions on earth can be described as:

Promise
Promise

Deliver
Deliver

End transaction.

Time stamps at each stage manage risk and accountability.

I call that "Promise Language".  It is a form for legal contracts and ensures a solid database.  Ultimately, it fixes the central banks.

Sincerely,
Andrew Bransford Brown
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