The All-System tries to
create a fair platform for trading.
Our current market system is
full of flaws, not only does a currencies value change through
demand, shortage and surplus, they are manipulated by other
countries/governments.
Huge amounts of a currency are bought and then
sold in big amounts to influence the market value. Then when the
value drops and the market is panic selling to not loose more, those
that initially have sold their stock/currency will buy back their
share plus everyone else's cheaper.
Everyone that knows when a country/bank does this or can read it by
analyzing the data rides on "the ripping off the naive" train making
millions in the process.
Of course there are much more factors that
make the value of a currency/stock change.
What I'm trying to say is that
pretty much all our current currencies are being manipulated by those
in power.
When one takes a good look at the forex and stock market and
analyzes how it works and what in our daily life is comparable, one can
see that it
compares with a family giving their gambling addicted uncle their
home, land, money, valuables and even food to make sure they keep
their value. I cannot understand why we let gamblers dictate how much
our currencies and food is priced.
Maybe the gambling part was not
always part of "the market" but to me that is all that is left there.
They even trade with livestock that do
not exist yet.
This is absolutely insane to me.
I've been thinking a
lot about this and the only solution I can think of is creating a
currency that is outside the market system. To create such a currency
I have decided to back Flow with time.
We all have it and there can't
be a shortage or surplus of it.
It cannot be manipulated by a market.
There are problems expressing value with time of course. But I
strongly believe that when we let many people do different tasks.
Take the average, create a list and use that as a base to give work a value that is then expressed in Flow
aka time.
Let us say I have convinced 100 people to form the
prototype community and we have 100 tasks. If each of them does
every task, we have 100 data-sets per task to calculate an average
from. This is not too hard to accomplish and the more tasks are added
and the more data-sets we get the more usable and precise the value
of the currency will be. After doing this we can approximate values
for physical resources.
These will still be subject to the market,
this cannot be changed without making rules. But I don't think much
regulation of the market is needed when the currency is stable.
Time
is the right choice because it does not exist as a physical object
but can still be measured very precisely. It creates a constant that
can make a stable and fair currency.
The only change to the value of Flow
I can imagine is when the averages change.
Even if the nature
of how we work changes completely, there will always be a way to
measure efficiency and create an average of it.
I just cannot imagine
Flow to be in-stable like our current currencies.
If an outside
community wants to trade with the all-system community there are only
two options:
They have to adopt the system or a trade needs to be done
in wares and services.
There is the option to create official
currency exchanges that sell Flow at 1 coin per minimum wage of that
country. To receive Flow however one needs an all-system account which
makes them a participating party. This means one cannot trade Flow
outside the all-system.
Flow could however be traded into other currencies to create an easier adoptation.
But this creates other problems:
Countries might change their minimum wage to manipulate that
exchange.
To counter this the all-systems exchanges would need to
create an average for such countries which then would enable a fair trade again.
Users might
try to buy Flow cheap with one countries currency and sell it for
more in another countries currency. To counter this the all-system
exchanges would be forced to not buy back the Flow, only sell it and users would be
strictly forbidden to exchange Flow into other currencies.
One good
thing about Flow having different values depending on the
currency/minimum wage is that it basically becomes unusable for trade
outside the system. Which is a wanted effect, it cannot be part of a
strongly fluctuating market if its purpose is to level the play-field
and create fair trade between users and factions/countries.
Now the question is why someone would adopt such a currency?
The answer is simple:
It is a very stable and fair currency. In the all-system slavery through difference in
value of currency is non existant. The reason the US-Dollar is mainly
used
for trade worldwide is because it is stable.
Our current monetary system is an
abomination, its got more in common with warfare and extortion then
with something that is supposed to enable smooth trading.
Even if Flow is not going to be the currency that brings this stability,
we need a
currency that isn't bound to something that can easily be
manipulated.
If you know something more usable then time or have
details that need to be addressed to make time more usable as a
currency, I would love your input.
I strongly believe that a digitial currency is the future but as long as that currency can be manipulated it is no different then any currency that we use right now.
