Eco Economic Heartbeat
Standing on the shoulder’s of giants: The Heart Beacon Cycle Time — Space Meter USPTO 13/573,002 is an adaptive procedural template checklist of DARPA / NATO system of system of systems engineering derived structured data exchange, procedures, tools, protocols… useful to form, manage and maintain Eco-Economic responsible trade federations. Items in the checklist refer to detailed treatises.
Earth Day everyday on the Bitcoin / Hashgraph / Iota acyclic graph… Blockchain”
The problem: Our economy and ecology are out of balance. As businesses are forced to grow and make profit, our environment has come under increasing threat. Cape Hatteras Island ordinance: only 30% of the island may be developed — the 30 / 70 rule:
Solution: implement an Eco / Bio coin designed with eco responsible incentives built in. What if eco responsible transactions were incentivized where closer to market make or grow local, consume locally business type transactions are incentivized where closer is cheaper and closer is less fuel, and fewer C02 carbon taxes? For example, why catch fish off the coast of Alaska that are frozen for transit across the pacific for processing just to be refrozen to be shipped elsewhere when fish should be processed locally.
Solution: a crop centric commodity indexed based coin that Thomas Edison and Henry Ford re-posed in 1921 after economists proposed this solution in the late 1800’s. Economist Bernard Lietaer re-proposed this concept in 1991.
Eco Coin sustainable currency for our Planet / Spaceship Earth Proposal
Satoshi Nakamoto envisioned Bitcoin’s micropayments supporting logistic parking demurrage fees on the (trade federation) blockchain
A world economic heartbeat Eco-Economic TERRA-CYCLE would involve maintaining globally distributed ledgers and a shared micro — macro economic cycle schedule. Demurrage: term used in currency trading to denote cost of currency ownership and/or storage. cost of carrying money… considered superior to interest payments, as it stimulates currency circulation and economic growth. “In a physical sense, demurrage represents a delay that occurs during the transportation of goods via truck.
When this happens, the trucking firm delivering the product can opt to pay a flat fee to the receiver to cover any loss incurred as a result of the delay. This fee can be assessed on an hourly basis. Or in the case of gold, demurrage is simply the costs associated with storage of bouillon. Closer — cheaper, closer = faster, closer = less fuel = less carbon emissions
http://investopedia.com/terms/d/demurrage.asp LINK
The Terra is a global complementary currency designed to provide an inflation-resistant international standard of value; to stabilize the business cycle on a global level; and to realign stockholder’s interests with long-term sustainability. From a legal viewpoint, the Terra is standardized “countertrade” (international barter), which is routinely used for over one trillion dollars worth of transactions per year.
Legislation on countertrade exists in about two hundred countries, including all the major trading nations. Introducing the Terra would therefore not require new international governmental agreements. The TERRA Trade Reference Currency is a paper / document proposal that lacks a transaction protocol like Bitcoin. Bitcoin blockchain micro payments pair perfectly with the TERRA TRC’s demurrage charges to offset costs for temporary storage.
The TERRA Trade Reference Currency: complementary, privately issued, demurrage-charged, backed by inflation-resistant, standardized basket of the dozen most important commodities, services and operates in parallel with national currencies. Terra The Trade Reference Currency, TRC “world currency”. Proposed by Belgian economist and expert on monetary systems Bernard A. Lietaer in 2001, based on a similar 1930’s proposal.
The currency is meant to be based on a basket of 9–12 or more most important commodities (according to their importance in world wide trade). Terra = reference unit defined as standardized basket of key internationally traded commodities & services.
Macro to micro reporting is key to establishing a Economist Milton Friedman inspired K% statistical mean value index through use of UTZ stochastically harmonized time stamping of commodities identified by Organizational Identifier Org_ID, and Uniform Resource Name URN to uniquely identify and help track assets within trade federations
TERRA Trade Reference Currency The Trade Reference Currency (TRC) TM is a currency with a built-in circulation incentive that would systematically stabilize the effects on the business cycle and re-align financial interests with long-term sustainability.
TERRA: demurrage-charged currency acts like a parking fee, incurring cost over time to holder estimated at 3.5%-4% per annum corresponding to costs incurred for storing physical commodities in the Terra basket.
TERRA TRC White Paper http://www.terratrc.org/PDF/Terra_WhitePaper_2.27.04.pdf .
TERRA TRC LINK: http://p2pfoundation.net/Terra
During the sharp recession of 1921- 1922, Thomas Edison turned from making innovative consumer products to reinventing the U.S. monetary system. Edison searched for new ways to stabilize the dollar, the value of which had fluctuated widely during World War I and its aftermath. His goal was to “cast the variable out of money.” Edison did not favor a monetary policy based solely on gold, Edison felt that crops held their values best over time. Edison called for a system that used a variety of other commodities as backing for the nation’s paper money supply. (Crop) Commodities can be tokenized and their handling, demurrage logistic fees paid by crypto-currency, Bitcoin cryptocurrency micropayments. Source: Thomas Edison’s Quixotic Plan for a New Monetary Policy article: LINK
Economist Milton Friedman predicted the rise of a computer capable of automatically adjusting the inflation rate of money, and this is precisely what we see in the case of bitcoin, as a regulatory algorithm intelligently adjusts the mining difficulty to make the issuance of blocks more or less easy depending on the demand for network hashing power. No money system we have seen to date can claim it is chronologically regulated. The universal construct of time is the backbone of the cryptocurrency digital economy. Investopedia K % Rule
Friedman’s k-percent rule: American economist, statistician and writer Milton Friedman once posed the idea of replacing central banking institutions with a computer capable of mechanically managing the supply of money. He proposed a fixed monetary rule, called Friedman’s k-percent rule, where money supply would be calculated by known macroeconomic and financial factors, targeting a specific level or range of inflation.
Under this rule, a central reserve bank would have no leeway as money supply increases could be determined by a computer and the market (and its citizens) could then anticipate all monetary policy decisions. Will we ever see Friedman’s computerized banking institution put into action? Considering the mining network is the closest thing to an authority within bitcoin, and mining will only get more specialized and thus centralized in the future, we may well already be on the path towards it.
LINK: https://investopedia.com/terms/k/k-percent-rule.asp
Satoshi Nakamoto’s Bitcoin key building block is a time stamp server. Satoshi Nakamoto: “Bitcoin is intended to be paired with the market place” “the blockchain stores references to market indexes” LINK
Globalization involves multi-national corporate entities vying for control of regional resources. It follows that a proven strategy to identify, track, and monitor resources regionally within the global economic matrix is needed. Bitcoin cryptocurrencies as programmable money and the internet’s heartbeat, heartbeat messages timed to harvest data during micro economic cycles then aggregated into a composite economic heartbeat pulse as Economist Milton Friedman’s K% rule is a clear and present opportunity for trade equity and economic system of systems stability. Source: http://sawconcepts.com/index/id43.html
Economist Milton Friedman… Mr MaGoo #2: Friedman’s K% Rule: Economist Milton Friedman predicted the rise of a computer capable of automatically adjusting the inflation rate of money, and this is precisely what we see in the case of bitcoin, as a regulatory algorithm intelligently adjusts the mining difficulty to make the issuance of blocks more or less easy depending on the demand for network hashing power.
Buckminster Fuller’s Spaceship Earth See http://sawconcepts.com/index/id42.html
Simple Always * Wins Concepts LLC LINK
Simple Always Wins when standing on the shoulders of giants
SAW Concepts LLC Logo doodled by a Shaman, Circle of the Sacred Earth
