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Our Purpose
What the GGCurrency System is designed to do
An alternative to the current established global and local currency systems — and it has to be better than what exists today, or it wouldn’t be worth introducing.
The purpose of the GGCurrency System is to provide an alternative to the current established global and local currency systems. Such a system must of course be better than the current system, or it would be useless to introduce it. Our proposed system will have the following benefits:
- Autonomous, and free from external manipulation (no central banks or governmental control)
- Self-regulating without outside interference
- Autonomously able to expand or contract money supply to respond to changing demands for currency
- Transactions free from external observation
- Unlike fiat currencies, cannot be overproduced to cause inflation and loss of value
- Does not require bank involvement in order to use or transfer it.
- It is a credit based system, instead of a debt based system such as that used in all national currencies and the international monetary and banking system.
- Creating or using it does not create more debt (unlike the current system)
- Unlike the national currency, our currency has intrinsic value
- Unlike Bitcoin, it has a physical representation that can be used locally.
- Beauty
- Secure from theft or counterfeiting
- Asset backed, unlike the Fiat nature of all national currencies today, or Bitcoin.
- Easy and inexpensive to transfer money locally and internationally
- International money transfers without government oversight or interference
- Includes a mobile phone based bill payment system
- Linkable to the value of local labor
- Able to be produced with labor
- Non-Scarce, abundant currency
- Promotes relationships
- Promotes Community
- Benefits local communities: keeps wealth local, instead of exporting it to the cities
- Inherently causes increased wealth, abundance and prosperity in the communities using it
- Coordinates with local Chambers of Commerce and business organizations
- Tends to benefit entire communities, instead of being concentrated into the hands of a wealthy few — benefits the village as well as the castle
- Inherently benefits women
- Has historical basis for benefiting society
