Well now we know what would happen if BitCoin and TimeCube had a baby.
Universal Dollar idea is taken from "Keynes Bancor Plan", which is the first international well balanced currency unit proposal ...
Maynard Keynes Bancor Plan (1944)=================================
1. International currency instrument to make bilateral arrangements superfluous
2. An orderly method of determining foreign exchange values
3. A quantum of international currency that is subject to deliberate expansion and contraction
4. A stabilizing mechanism to exert pressure on countries, whose payments become unbalanced
5. Countries bancor stock of reserves appropriate to its importance in world commerce
6. A central institution to support other international institutions
7. A means of reassurance that methods of restriction and discrimination will be unnecessary
https://i.imgur.com/C8Lvlff.pngUniversal Dollar Logic (UD whitepaper will be released soon)==================================================
1. Transforming information oriented wealth into information providing netizen
2. Globally trust-able and audit-able netizen community groupism
3. Broadcasting needful and worth-full netizen information across the world
4. Tokenization of fiat currency, assets, bullion and minerals
5. Handling original sin in financial market through netizen tokens
6. Fortune exchange trade policy and protocols for global village netizen
7. Equilibrium oriented netizen tokens as a universal currencies
https://i.imgur.com/XGkNxoG.pngFiat currency current status ...https://i.imgur.com/h9jESsA.pngFiat Currency Terrorismhttps://i.imgur.com/AESXDRA.pnghttps://i.imgur.com/MjmMdfj.pngCrypto Currency Ultimate Power Is Achievable via Social Media Groupismhttps://i.imgur.com/dF0Je9C.pngAfter 2008 financial crisis, fiat currency system came under major criticism due to its “textbook not written money creation and multiplication” mechanism in fraction reserve banking system. Father of modern economics Adam Smith believed that when an individual pursues his self-interest, he indirectly promotes the good for society; in his “Wealth of Nations” he described what drives the economy in a simple but most efficient way …
*** “He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was not part of his intention. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it.” ***
Led by an invisible hand can be described as “private vices ... may be turned into public benefits”, but in the fiat currency fractional reserve banking “the private” are primarily concentrated on “elite group of people” and continuous devaluation on fiat currency makes “citizen wealth into continuous deterioration”. In other hand global export and import inequality which is growing exponential, even in the time of “deficit terror” most of the world countries are not able to use their own currencies in international trade; which makes everything worse for many lower economic nations, which is called “original sin” in economics.
John Maynard Keynes “bancor plan” is one of the first ever model to handle above chaos through bancor currency, which is “an international currency unit” supported by global institution and international clearing union. Crypto currency is still struggling to gain trust in commodity and financial market because of its decentralized ownership and various question about its valuation. Universal dollar takes its idea from Keynes “bancor plan” and IMF’s “special drawing rights”, same point of view is incorporated in netizen based “decentralized crypto currency platform” which could strengthen crypto currency adoption in commodity and financial markets due to its globally trustable prototype model.
What is our worth in social media ....https://i.imgur.com/lEDT6wu.pngAlready our worth in "social media" is USD500 plus ...
Universal Dollar ==> User Loyalty based Social Media Community Groupism + Crypto Currency + User Valuable Information Networking
