Cryptocurrency “purists” (BitCoin fenatics) are proclaiming to have the answer to all the worlds financial problems. Yet a closer analysis reveals that most all the current Alt Coins and BitCoin have not broken free of the old world paradigms that are aiding the demise of western civilization (aka “the Corporate World”).

On the surface, as has been reported many places, BTC appears to be very similar to Gold.  Of course closer examination reveals BTC will be an even better store of value than Gold simply because it will stop being created one day.  This satisfies a fundamental yet basic area of the current financial system.  As an asset class, there are many things in this category: Platinum, Palladium, Gold, Silver.  But one must admit that the existence of BTC does not inherently “create” a new asset class, no its an old asset class that is now updated to modern technology.

Other cryptos, like VeChain, are offering new paradigms, but they apply specifically to a small category of the overall possibilities for cryptos. It would appear that the ONLY use case of Blockchain is the ICO market, Games, Gambling, and Exchange Trading.  The only thing “NEW” of those is ICO, and we all know what a fiasco shit show that has been. Unfortunately it spreads it ugly reputation over other valid use cases, like the one mentioned above. This is bad for the whole Crypto Space and ALL of US !  And another obvious lacking is that ALL of these areas ONLY exist in “CyberSpace” and don’t affect physical things in the real world physical economy that we all live, eat and breath in.

Our current economic system consists of other parts, not just a “money” (which is a exchangeable, measure of account, and holder of value).  It also has things like “LENDING” and “MONEY CREATION”.  Now don’t go get all upset about creating money as the destroyer of everything.  In fact the opposite is true, if the money supply does not grow with the veracity of the economy, then the economy will become stifled.  This became apparent in the middle ages when overseas commerce could not expand for lack of the King’s Coin.  This was when the first “free” creation of non-money “currency” happened.  In England it took the form of the “Talley Stick”, one of which was later used to Incorporate the Bank of England.  It became apparent at this time that creating unlimited currency leads to unlimited devaluation of the currency, a lesson that even current governments choose to ignore.  The Rothschild Dynasty eventually took over banking and controlled money creation by the signature of the borrower (a promissory note).  Today governments put meaningless “allowable percentages” on the “Fractional Reserve Lending Rate” the banks perpetrate on you.  They require about a 10% “reserves” for a Loan.  That means if you deposit $100 the bank will loan out $900 of money electronically created out of thin air, and then charge interest to use it. ROTFLMAO,,, what a scam they have everyone enslaved under.

So it would appear clear that a completely different system of money creation (in order to match the growth of the economy) is required to take the abusive control out of the hands of the Banksters.  A look at history would reveal a couple attempts at this.  The USA being one until 1932,1971 when respectively Gold was taken from the people and the Dollar (Federal Reserve Note since 1916) was taken off of the Gold Standard.  And once before the USA in the Colonies when they first tried “Colonial Script” (the second time they tried they were at war and printed too much script).  This first example of Colonial Script was a gleaming success. The Colonial governments would print as much Colonial Script as the economy had grown, then they spent it into the economy on public works, like roads.  This allowed the colonies to BOOM and the King quickly got upset and required the colonies to use the King’s Coin, which of course lead to the Revolutionary War 1776, or so said Benjamin Franklin.

“We can’t defeat the existing system; we must build a better one instead” – David McElroy
“Build a New Model That Makes the Existing Model Obsolete” – Buckminster Fuller

 

The TRANSITIONAL RESOURCE MONETARY SYSTEM (TRMS) – Out of cyberspace and into PHYSICAL GOODS PRODUCTION by Mom and Pop

Its just wrong that Banks or Governments get the benefit of money creation when the whole reason there is a need for more money is that PEOPLE worked HARD and created more GOODS in the marketplace.  It becomes obvious that the BENEFICIARIES of MONEY CREATION should be those who actually create the NEW WEALTH that the new money is suppose to be backed by.  Hence the Transitional Resource Monetary System’s design was created, will FAIRNESS as the highest priority, and with the added design goals of:

  •  It is the intention of this economic system to provide a stable currency backed by recyclable materials both in storage and in products within the economy.
  •  to promote the usage of recyclable materials and modular technologies as well as reusable products.
  •  to lessen the burden of labor costs on producers.
  •  to lessen the costs for natural resource extractors.
  •  to lessen the costs for building a home.
  •  to create such abundance that the perceived cost of things becomes insignificant.
  •  the elimination of corporations and Admiralty Law on the Land

In addition, because the created money goes to the product producer, this makes production costs LOWER than even current CORPORATIONS under the current system can enjoy.  This should lead to the end of Corporate Advantage and Corporate destruction of the world and its resources because of their desire to create products with planned obsolescence and with no regard for recycling or our physical environment in general.

Please take some time to read the GitHub explanations in both the link below and the other file called “TRMSdescription.md”.  Thank you for supporting and spreading the word and help with the programming if you can !!!

https://github.com/TransitionaResourceMonetarySystem-TRMS/executiveSummary.md/blob/master/README.md

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Responses

    1. TRUTH(@i-am) Post author

      I’ll try my best,

      When money is created (in order to negate Deflation) it should begiven to the people that produce real products in the economy. For example, if the economy exists of 1 chair and $1,,,, and then someone produces another chair,,, we now have 2 chairs and only $1…. Business prefers a “stable dollar” for planning,,, so we need to increase the money supply to $2 to match the 2 chairs.

      Now a days that new $1 goes to the Federal Reserve,,, the TRMS says it should go to the guy that built the 2nd chair. OK,,, that’s an over-simplification as we really only want to print money that stays in the economy FOREVER,,, hence we create money for New Recyclable Content,,, and producers that are using OLD recycled content already in the TRMS don’t have to buy it,,, it is owned collectively by the world and is the backing the the $MRT (the currency of the TRMS).

      Because producers of goods get their RCYCLABLE CONTENT for free, their production costs are less than a corporations who today buys them under the current system.

      The TRMS also considers that the “VALUE ADDED” to products is more than just the Recyclable Content, it also has a temporary aspect (the utility of the good) that is added by the Labor to produce it. Hence the TRMS will pay for 1/2 of the employees wage, with the money due back when the product is sold on the market.

      With these methods there is plenty of currency available to buy goods, and and excess money is not left in the economy to cause Inflation.

      WHAT MAKES the $MRT of ANY WORTH ????
      The TRMS requires participants to make their products available on the TRMS Marketplace for $MRT. In this way, participants and employees are guaranteed that they currency they earn can be exchanged for goods of real value.

      The TRMS is the FIRST idea of an application of Blockchain to motivate behaviors (increasing recyclable content in goods) that is not only existent in cyberspace,,, but in the actual PHYSICAL ECONOMY that we all live under, supplying our most important PHYSICAL NEEDS.

      I hoped that helped,,,, it really does help to understand it, though, if you consider the history of how we got to our current economic system.

      PURA VIDA

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        1. TRUTH(@i-am) Post author

          To me TRYBE feels like a Library and not just a “social network”… It feels a lot like not so oriented to memes and pics,,, but to quality long lasting content that is more easily found (than say old articles on Steemit are) and hence I feel the type of content here should be as thorough and accurate as possible.

          Thanks for the love Adil,,, right back at you and your great content!

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    1. TRUTH(@i-am) Post author

      I’m juggling time between the TRMS and the DAO Funds & INDEX’s and TRYBE…. have to promote awareness and keep developing the projects,,,,, man its a lot of work and time !!!! Thanks for your efforts and inputs!

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  1. SouthernCrossroads

    Loved the piece, it went deep in to histical concept of how money evolved and brought in to the modern context. Just like the minting of unsanctioned money in the colonies produced the means to expand trade, I think money as an intellectual property that is fully exchangeable between currencies not fits the definition of money. I wrote a similar article where I saw the same trend you do, but it had a different slant. We are not just creating a store of value but backing it with intellectual property that creates the value.

    https://trybe.one/does-crypto-fit-the-definition-of-money-or-does-crypto-expand-it/

    I think you might like the perspective I found.

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