http://twitter.com/WorldDollar/status/51412288114474598410,000 #WLD is now trading for around 0.025 #BTC = 10 USD. So with 1 short video, everyone in the world can poss. claim ~10 USD. RT.
http://www.world-dollar.com/what-is-world-dollar/1. What is World Dollar?
World Dollar is the future of money. It is based on the idea that, since money is nothing but a social convention, the ultimate basis for money is for it to be issued to everyone, equally. We call this the Equal Opportunity Standard. In order to uniquely identify people, facial verification is used. You can claim your World dollars now.
2. How is Money a Social Convention?
Money is a social convention in the sense that it is not valuable in itself, but valuable because people agree to take it as valuable. It is a medium of exchange, a tool that allows us to trade with one another without having to resort to barter, which inefficiently depends on the double coincidence of wants.
3. Why is Equal Opportunity the ultimate basis for issuing money?
Equal opportunity when it comes to issuing money is guaranteed acceptance by virtually all of mankind.
This is because it appeals to the highest standards of morality. "We hold these truths to be self-evident, that all men are created equal".
It also appeals to the highest standards of economic reason. It rejects the idea that producers of money, i.e. producers of something that is not actually valuable in itself, should appropriate scarce resources from the other, productive members of society, i.e. producers of goods and services that are actually valuable.
Therefore, money that is issued on the basis of equal opportunity is virtually guaranteed to be taken as highly valuable.
5. Who is behind World Dollar?
World Dollar is not about any single person or group of people. Should World Dollar succeed, the credit will go exactly where it is due: to all of mankind. If we can all rally behind the concept of money that treats all human beings equally, we will all achieve one of our greatest ever feats.
Those who decide to offer their efforts to the World Dollar Foundation take it upon themselves to do everything they can to raise public awareness about World Dollar. However, in order for World Dollar to succeed, it will have to be the case that the efforts from the Foundation will only be a tiny fraction of the overall efforts to spread the word.
Meanwhile, the World Dollar Network is responsible for actually running the monetary system, facilitating the issue and exchange of World dollars. It is made up of private organisations, who compete against one another in order to maximise the quality and minimise the cost of services provided, and yet at the same time make sure that their services integrate seamlessly with one another.
