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Definition of a free money

StphaneLabordeRMLL2011

Different definitions of money


Inorderofhistoricaldevelopment

Moneyasaspecificvalue(gold,silver...) Moneyasadebtonaspecificvalue(goldstandard) Moneyasadebtonanyvalue(fractionnalreserve) Moneyasafixedmutualcreditonanyvalue(SEL) Freemoney

What could be a free money ?

Definition:afreemoneyshouldbeamoney allowingeconomicalfreedoms Toallowfreedomforyouandothers,youshould notuseamoneythatisnotdefinedasallowing economicalfreedom Ex:amoneydefinedasareserveofvalueisnot definedtoallowfreedom,butasatrytostore value

Economical freedom

Economicalfreedomsaredefinedas:

Libertyofaccesstoresources Libertytoproduce Libertytoexchangewithinthemoney

Aconstraintoffreedomisverydifferentofwhatis usedtodefinewhatweusuallynamemoney. Freedomisdefinedrelativelytoanyindividualas noconstrainttoothers,aswellaslibertyfor others.It'sasymmetricalextendedlaw.

Free money / Open-UDC

Definitionofafreemoney Afreemoneyisatoolchoosedbyacommunity, allowinguniversalexchangesinsideit,and allowingeconomicalfreedom.

Acommunityincludespresent(spacefreedom)and future(timefreedom)members.Anyindividual hasalimitedlifeexpectancy.

Money is not

Moneyisnotasoftware,youcannotduplicateit withnolimits. Moneyisnotacommunicationprotocolallowing transferswithnolimits. Moneyisaprotocolwithaimited(butnotfix) quantityofauniversal(=insideacommunity) agreement,allowingexchangesofspace,time, agreement teaching,materials,energy,whicharevalues(t) atanytime(t),andareinprogressive transformation

Understanding time symmetry

graphbyLucFievet,ThorieRelativedelaMonnaie2.0GPLv3/Blender

Consequence of symmetry

Asymmetricalcodeforalimitedprotocol

Respectingsymmetrybetweenindividuals(x,y,z,t)

Thisisassumedbyrelativespacetimemutualcredit UD(t)=cM(t)/N(t) EachindividualreceivesamerelativeamountUD/M Definedemocraticruleswhodefinehowonecanenter thecommunity(confidence,proofoflife...). Nootherobligationatallthatcouldbedefinedasa constraintinthesensofdefininganyother consensualvalue.

Respectingdemocracywithinthecommunity

Open-UDC free money rules

Democraticdefinitionofcommunityrules Libertytoaccessressources Libertytoproduce Libertytoexchange BasedofThorieRelativedelaMonnaie2.0 publishedin2011

Open-UDC money rules

Initialisationofdemocraticalagreement(t)ofanew memberasa2/3ofmembersaprovals. UD(n+1)=max[UD(n);cM(n)/N(n)]

Conclusion

Amoneydefinedonlibertiesapplysymmetric laws,becauselibertyisasymmetriclaw Freemoneyisadefinitionofmoneycreation betweenpeopleacceptingasymmetriccodeto makeexchangesrespectingeconomicalfreedom. FreemoneyasdefinedbyOpenUDChasvalueat anytimeonlybecauseitisacceptedtomake exchangesbyindividuals,consideredastheonly universalvalue.

Questions / Answers

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