Virtual peer to peer banking
x
decentralized and secured system. Gone would be the times that governments
and banks can track and interfere with our money transfers. Or even
interfere with the total amount of money on earth. My envisioned sytem would
have a fixed total amount of money. But each money unit (say virtual coin)
is divisable indefinitely. So a kind of deflation would replace inflation.
The total value of the money in the world would be a fixed number. It poses
no problem for liquidity, because the currency can be divided anytime.
However maybe people will not spend their money much, because it's value
will increase often. Other problems raise in the areas of security,
malicious use, and how to come towards such system from current systems?
These are just ideas, I like to hear comments or about net resources on this
subject.
Use.Netuser.de
<x> wrote in message news:3df513a6$0$11750$e4fe...@news.xs4all.nl...
: I have this idea of a future with virtual peer to peer banking. A kind of
:
:
:
the real TOMMY Tutalidge
planet right now.
OneGuy
<x> wrote in message news:3df513a6$0$11750$e4fe...@news.xs4all.nl...
Matt
having a stck of some metal, ore, etc. i.e. if you have a $1 bill, it
represents one dollar worth of gold, silver, of whatever. If what you are
saying is to come, than the world would be overcome with inflation, which is
a misrepresentation of how much of the metal, ore, etc. a country actually
has.
-----Matt-----
----K...@kazaa.com-----
(kazaa name)
<x> wrote in message news:3df513a6$0$11750$e4fe...@news.xs4all.nl...
Miner
different countries and governments that want nothing to do with another.
not now, or ever.
<x> wrote in message news:3df513a6$0$11750$e4fe...@news.xs4all.nl...
wwf
<x> wrote in message news:3df513a6$0$11750$e4fe...@news.xs4all.nl...
Reflector
> What you don't understant is how money gets its value. It gets its value by
> having a stck of some metal, ore, etc. i.e. if you have a $1 bill, it
> represents one dollar worth of gold, silver, of whatever.
um, no. this hasn't been true of us currency since, what, 1890 maybe?
originally us currency was backed by gold, now it is not. the only
reason us currency is worth anything is because people believe it is.
Reflector
> I keep envisioning a future with no fucking video games. I must have the wrong
> planet right now.
>
tommy, i think you're right. and i, for one, would be happy to pitch in
some $ for a rocketship to take you to the right planet, wherever that
may be.
x
It wouldn't be a revolution, but rather evolution. Slowly a new p2p system
might take over. The current monetary systems were mainly backed with gold
(not anymore now, to my knowledge). Maybe the underlying values of a virtual
peer to peer system could be other scarce resources, relatively easy to
exchange via internet. Examples are: computer processing power, bandwith and
data storage. These resources would make a limited peer to peer money
exchange system possible. Limited to the total real life value of all these
resources. However from that point other resources could back up the virtual
currency...
"Miner" <mikemu...@hotmail.com> wrote in message
news:xFbJ9.190076$ka.44...@news1.calgary.shaw.ca...
Reflector
octopus cards, like hong kong has, are a good start. you can have a
personal one, like an atm/credit card, or an anonymous one.
here's one article on it:
http://www.geocities.com/hal9000report/hal56.html
x
news:46bd5a6.02121...@posting.google.com...
see also 3df5c65b$0$11740$e4fe...@news.xs4all.nl
x
It is a step in the right direction indeed. Now replace the system operator
by a secure peer to peer system. And replace the underlying currency with
something else, or slowly uncouple the underlying currency. Then it would be
the system of my ideas...
