Integrated Currency: Difference between revisions
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Currency (aka money) that is both digital and backed by '''hard assets'''. Productive infrastructures and their transparent documentation constitutes the optimal '''hard asset'''. It is unique in that the hard asset may be produced on demand, but in all cases requires proof of productive capacity (which sounds like 'proof of work' in transparent ledger-based currencies). | Currency (aka money) that is both digital and backed by '''hard assets'''. Productive infrastructures and their transparent documentation constitutes the optimal '''hard asset'''. It is unique in that the hard asset may be produced on demand, but in all cases requires proof of productive capacity (which sounds like 'proof of work' in transparent ledger-based currencies). Once the [[Open Sector]] scales to providing viable [[Guaranteed Basic Assets]], then the playing field can be leveled as members of civil society can no longer be threatened with banishment from the economic process. | ||
Revision as of 15:00, 5 January 2024
Currency (aka money) that is both digital and backed by hard assets. Productive infrastructures and their transparent documentation constitutes the optimal hard asset. It is unique in that the hard asset may be produced on demand, but in all cases requires proof of productive capacity (which sounds like 'proof of work' in transparent ledger-based currencies). Once the Open Sector scales to providing viable Guaranteed Basic Assets, then the playing field can be leveled as members of civil society can no longer be threatened with banishment from the economic process.