Establishing a New Fiat Currency System,

franky1

legendary

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Quote from: Iranus on May 24, 2017, 12:56:18 PM

fiat money
noun
inconvertible paper money made legal tender by a government decree.

You can't create a new fiat currency system unless you gave banks and governments a real incentive to adopt this system. Bitcoin is already an alternative currency system and I'm not sure there's anything you can do in terms of fiat.

well if you look at how bitcoin is changing. you will see the establishment of LN HUBS... AKA banks.

so under the concept of LN where "banks" are one part of each counterparty LN contract(multisig). you start to develop idea's of how a new paradigm can be created.

ofcourse it becomes less importing for the old 'banks' to remain in management. and new 'managers' take change.
for instance in bitcoin i can see coinbase/bitpay becoming the big LN hubs. aswell as a few main merchants that decide to directly accept bitcoin.

so for a concept of this topic for new fiat fiat, we could see hospitals, schools, becoming the 'banks' of the future

Iranus

hero member

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Leading Crypto Sports Betting & Casino Platform

fiat money
noun
inconvertible paper money made legal tender by a government decree.

You can't create a new fiat currency system unless you gave banks and governments a real incentive to adopt this system. Bitcoin is already an alternative currency system and I'm not sure there's anything you can do in terms of fiat.

franky1

legendary

Activity: 4410

Merit: 4766

theorising new FIAT systems. each idea are separate

starting with the basics. the new money and who deserves it

idea 1
'new money' /blockreward.
this should be used as the public services treasury.
the funds of blockrewards pay for public services as the way to 'trickle down' funds into circulation. not hoarded by bankers/pools. but done as a way to pay for public services without the people needing to be taxed by 20-50%.
EG hospitals, fire/police/social security office/schools become the 'pools'

idea 2
'new money'
this should be used as the public services treasury.
but is not created by 'blockreward' but instead by parents and doctors forming new multisigs as a 'birth registration' when a child is born that gets funded XXXXXX fresh coin which is then collateral in some format to pay for that persons public services (health, school, pension, unemployment) at a rate of say 15-25 years of healthy living.

KingScorpio

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Quote from: Seville on May 24, 2017, 08:06:06 AM

Quote from: KingScorpio on May 24, 2017, 07:16:53 AM

Are there some people here interested in working on the establishment of a new and alternative Fiat Currency System. Based on Reason and as an alternative way for Freedom for those who cant work with the current Nationalist or Geographists Fiat System?

The Idea is the public establishment of a Currency a Licensing Network which means that only those can become Memberbankers who get a License. Everything shall be desgned uncomplicated and inclusive and public like the uber taxi system so the network of bankers can grow over the years and become a serious competition for the established national bankers.

regards

Alot of cryptocoins already do that with masternodes and such Wink

jes but the cryptocurrencies are just building these accounts they dont offer an idea a social goal for the currencies they issued, i want to build a banking network and this way avoid the current bankings license scam which they use to seperate themselves from their slaves. current national banks scam new bankers with a licensing fee of up to 1.5 million € to be able to join and found an investment bank

This Banks then could be Called Ueber Banks or Anti-Banks with the goal of establishing a fiat system with an investment idea. and a currency for that. besides initial founders who would have enlisted into that banking network can later sell licenses for millions too to new members just like the current banking slavement system does

regards

Seville

full member

Activity: 270

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Quote from: KingScorpio on May 24, 2017, 07:16:53 AM

Are there some people here interested in working on the establishment of a new and alternative Fiat Currency System. Based on Reason and as an alternative way for Freedom for those who cant work with the current Nationalist or Geographists Fiat System?

The Idea is the public establishment of a Currency a Licensing Network which means that only those can become Memberbankers who get a License. Everything shall be desgned uncomplicated and inclusive and public like the uber taxi system so the network of bankers can grow over the years and become a serious competition for the established national bankers.

regards

Alot of cryptocoins already do that with masternodes and such Wink

KingScorpio

sr. member

Activity: 1470

Merit: 325

Are there some people here interested in working on the establishment of a new and alternative Fiat Currency System. Based on Reason and as an alternative way for Freedom for those who cant work with the current Nationalist or Geographists Fiat System?

The Idea is the public establishment of a Currency a Licensing Network which means that only those can become Memberbankers who get a License. Everything shall be desgned uncomplicated and inclusive and public like the uber taxi system so the network of bankers can grow over the years and become a serious competition for the established national bankers.

regards

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