Bitcoin Forum

I have a good feeling that BitCoins will be the answer to many of the world's problems, and not just in regards to Cyprus-type bank scandals.

Here are some pictures I have of an idea I had for awhile. Basically the idea is that financial records should not lie, and there should be a common and reliable way to represent true financial information, with vastly less overhead. It's based on the idea of taking BitCoin mainstream.

https://sites.google.com/site/kmarinas86/economics/bitcoin/Satoshi per Second - Preview.jpg
**** Full Image (https://sites.google.com/site/kmarinas86/economics/bitcoin/Satoshi per Second.jpg)

https://sites.google.com/site/kmarinas86/economics/bitcoin/Satoshi per Second - Header.jpg

https://sites.google.com/site/kmarinas86/economics/bitcoin/Satoshi per Second - Balancome.jpg

https://sites.google.com/site/kmarinas86/economics/bitcoin/Satoshi per Second - Menus.jpg

Of course, I imagine some people would cringe at the thought of the idea of having financial records online like that, but from the standpoint of increasing the efficiency of the financial system, reducing office overhead, wouldn't this enable us to take short work weeks and spend less time in the office? If you don't understand how I am saying that, then please speak out, and let us hear your point of view.

Background image source:
http://farm6.staticflickr.com/5299/5401765996_6175f579fa.jpg (http://www.flickr.com/photos/72213316@N00/5401765996/)
Rapids above Toketee Falls, Umpqua Highway, Oregon (http://www.flickr.com/photos/72213316@N00/5401765996/) by Alaskan Dude (http://www.flickr.com/people/72213316@N00/), on Flickr

- kmarinas86

Looks intriguing.  You have certainly put a lot of thought and effort into making those images / mockups.  Nice work.

I don't really understand how it would all work though.   I put in a budget....   and then what exactly?

I like what you are doing there. Good job!

I think another cryptocoin will replace bitcoin by then. There are too many long-term problems with the blockchain structure for it to be the main currency.

In cooking, you can take a cup of flour, a tablespoon of butter, etc. of what you got. From the ingredients you have, there is a certain amount of cake you can produce.

In my proposal, we have a thing called a "Balancome statement".
https://sites.google.com/site/kmarinas86/economics/bitcoin/Satoshi%20per%20Second%20-%20Balancome.jpg

Left column: Income as SPS (Satoshis per second)
Right column: Expenses+Savings as Parts per total

In the right column of the above example, we have the following entry:

"300 parts to Mortgage (92% Good)"
"17X1ygqtjL5XBApKRC384tiYFkTfVKZArA"

"300 parts" = The amount of parts of the total incoming to be paid toward the mortgage
"Mortgage" = The label set by the user in the user's Chart of Accounts
"(92% Good)" = A measure of how much of the obligation toward the mortgage is being satisfied
"17X1ygqtjL5XBApKRC384tiYFkTfVKZArA" = The account name of the creditor to whom the mortgage is being paid

On the bottom we have a button called "Turn on Auto Balance" which will recalculate the parts allocation to each account, to reduce possible delinquency risk. Priority to each account can be set in the user's Chart of Accounts. Below the "Turn on Auto Balance" button we have an "Edit Portioning" button, which allows manual adjustment of parts share going towards each obligation.

Below is the picture of the concept navigation menu, which includes a link to "Edit Chart of Accounts". There is also a sub-menu consisting of multiple log off options including:

• Leave website
• Log into a different account
• Create a new individual account
• Create a new group account

https://sites.google.com/site/kmarinas86/economics/bitcoin/Satoshi%20per%20Second%20-%20Menus.jpg

Pretty what made me smile was the Court winnings coming in ;D