{"id":4217,"date":"2015-04-25T21:30:50","date_gmt":"2015-04-25T21:30:50","guid":{"rendered":"http:\/\/www.ggtrust.com\/currency\/?page_id=4217"},"modified":"2015-04-25T21:30:50","modified_gmt":"2015-04-25T21:30:50","slug":"glossary","status":"publish","type":"page","link":"https:\/\/currency.ggtrust.com\/index.php\/links\/glossary\/","title":{"rendered":"Glossary"},"content":{"rendered":"

\u00a0Glossary<\/h1>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Alternative Currency<\/td>\nA type of money used instead of<\/strong> an official, national money.\u00a0 Contrast with Complementary Currency.<\/td>\n<\/tr>\n
Archetype<\/td>\nA recurrent image that patterns human emotions and behavior, and which can be observed across time and cultures.<\/td>\n<\/tr>\n
Artisanal<\/td>\nCreated by an artist or craftsman outside of an industrial setting.<\/td>\n<\/tr>\n
Asset Backed<\/td>\nHaving no intrinsic value but given value by connection with something else;<\/td>\n<\/tr>\n
Beneficial Shares<\/td>\nFractions of ownership by a beneficiary<\/td>\n<\/tr>\n
Bill of Exchange<\/td>\nA document guaranteeing the payment of a specific amount of money, either on demand, or at a set time with the payer named on the bill.<\/td>\n<\/tr>\n
Bitcoin<\/td>\nAn open source cryptographic protocol that operates on a peer-to-peer network and creates and transfers eponymous units of currency.<\/td>\n<\/tr>\n
bitcoin<\/td>\nA unit of a digital cryptocurrency which is transferred via the Bitcoin system<\/td>\n<\/tr>\n
Bitcoin 2.0<\/td>\nThe system to attach information and attributes to Bitcoin currency units and to transmit non-financial information securely on the Bitcoin system.<\/td>\n<\/tr>\n
Blockchain<\/td>\nThe series of blocks of validated information forming the distributed ledger of the Bitcoin system.<\/td>\n<\/tr>\n
Bracteaten<\/td>\nThin, wafer-like coins used as money in the High Middle Ages. They were easily damaged and frequently collected and reissued. See The Soul of Money.<\/a><\/td>\n<\/tr>\n
BVK<\/td>\nBougainville Kina, the official money of the island of Bougainville in the Solomon Islands<\/td>\n<\/tr>\n
Certificate of Beneficial Interest<\/td>\nCertifies standing as a beneficiary of a trust and having a claim on its assets<\/td>\n<\/tr>\n
Certificate of Financial Interest<\/td>\nCertifies standing as having standing and a claim on the finances of a trust<\/td>\n<\/tr>\n
Colored Coins<\/td>\nAssignment of different types or characteristics to currency units<\/td>\n<\/tr>\n
Community<\/td>\nA group of people with a common interest living in a particular area<\/td>\n<\/tr>\n
Complementary Currency<\/td>\nA type of money which works with<\/strong> the national money to provide needed benefits which would otherwise be lacking<\/td>\n<\/tr>\n
Commodities<\/td>\nSomething of value commonly bought and sold in quantities.<\/td>\n<\/tr>\n
Conditional Transfers<\/td>\nTransfer of funds depends on meeting certain requirements, such as signatures, fulfilling obligations, or performing actions.<\/td>\n<\/tr>\n
Cooperativa<\/td>\nA credit union or financial services company in many Latin American countries<\/td>\n<\/tr>\n
Counter-Cyclical<\/td>\nActing contrary to a business cycle, so that when business activity is increasing, this activity decreases, and vice versa.<\/td>\n<\/tr>\n
Counter-trade<\/td>\nActing contrary to a business cycle, so that when business activity is increasing, this activity decreases, and vice versa.<\/td>\n<\/tr>\n
Currency<\/td>\nMoney in circulation. A portable version of money or representation thereof. Coins, notes (\u201cbills\u201d), and electronic records are the most common forms.<\/td>\n<\/tr>\n
Currency System<\/td>\nA system of circulating and using currency, usually containing physical as well as digital currencies of different amounts, and a system to regulate the currencies.<\/td>\n<\/tr>\n
Cryptocurrency<\/td>\nA form of money that uses cryptology to control its creation and management, rather than relying on central authorities<\/td>\n<\/tr>\n
Decentralized<\/td>\nLocated at several different locations, instead of just one.<\/td>\n<\/tr>\n
Demurrage<\/td>\nA charge made to the owner for his use of money. Reverse Interest.<\/td>\n<\/tr>\n
Digital Currency<\/td>\nCurrency existing entirely as computer records in accounts.<\/td>\n<\/tr>\n
Disseminated<\/td>\nLocated at several different locations, with no control nodes.<\/td>\n<\/tr>\n
Dividends<\/td>\nMoney paid to the owners of bonds or shares of a company.<\/td>\n<\/tr>\n
Divisibility<\/td>\nAble to be divided into smaller functioning parts.<\/td>\n<\/tr>\n
Electronic Wallet<\/td>\nA computer program which keeps track of currency, generally in a secure, encrypted form. Can be located in a computer, smart phone, or in a memory device.<\/td>\n<\/tr>\n
Escrow<\/td>\nMoney or other assets held in trust by a third party to be turned over to the seller only upon fulfillment of a condition<\/td>\n<\/tr>\n
Ethereum<\/td>\nA protocol for creating cryptocurrencies and conditional transactions, with an emphasis on colored coins and whatever different characteristics are desired. http:\/\/blog.ethereum.org\/<\/a><\/td>\n<\/tr>\n
Exchange<\/td>\nthe act of giving or taking one thing in return for another<\/td>\n<\/tr>\n
Fiat Currency<\/td>\nMoney which has no intrinsic value, but which is considered to have value because of a pronouncement by an authority<\/td>\n<\/tr>\n
FRN<\/td>\nFederal Reserve Notes\u2014the common US \u201cdollar bill\u201d<\/td>\n<\/tr>\n
Fungible<\/td>\nEquivalent to all other units of a similar type.<\/td>\n<\/tr>\n
GGBux<\/td>\nPrinted GGShare notes designed for trade, local and international<\/td>\n<\/tr>\n
GGCoin<\/td>\nA cryptocurrency which is traded as part of GGCurrency system, and which is equal in value to a share of GGTrust<\/td>\n<\/tr>\n
GEO<\/td>\nThe money system initiated by GGTrust, and incorporating shares of GGTrust, currencies exchangeable with those shares, and commodities which back the currencies<\/td>\n<\/tr>\n
GGShares<\/td>\nFractions of the assets of GGTrust, and tradable notes representing those shares<\/td>\n<\/tr>\n
GGTrust<\/td>\nGlobal Genius Trust, an international holding company<\/td>\n<\/tr>\n
Intellectual Property<\/td>\nIdeas and written or created materials having commercial value<\/td>\n<\/tr>\n
Interest<\/td>\nA time-based fee for borrowing money. Generally a percentage of the money borrowed<\/td>\n<\/tr>\n
Intrinsic Value<\/td>\nHaving value in and of itself, without needing to be backed by anything else. Such as a gold coin, as compared to a dollar bill backed by gold.<\/td>\n<\/tr>\n
Investment Shares<\/td>\nFractions of the financial assets of GGTrust, obtained by investing money or something of value into GGTrust of one of its companies<\/td>\n<\/tr>\n
Ledger<\/td>\nThe record of transactions that a bank or company keeps.<\/td>\n<\/tr>\n
Legal tender<\/td>\nOfficially accepted for the payment of debts and taxes.<\/td>\n<\/tr>\n
Mining<\/td>\nThe process of using computers to solve complex cryptologic problems in order to validate the ledger of a cryptocurrency. Solving the problems is rewarded by the creation of new currency units for the miner.<\/td>\n<\/tr>\n
Money<\/td>\nAn agreement by a community to use something as a means of payment.<\/td>\n<\/tr>\n
Money of Account<\/td>\nA denominator of value or basis of exchange which is used in keeping accounts and for which there may or may not be an equivalent coin or denomination of paper money<\/td>\n<\/tr>\n
National Currency<\/td>\nA nation\u2019s officially sanctioned money<\/td>\n<\/tr>\n
Ostracon<\/td>\nA potsherd used as a receipt or as currency by the Egyptians, Greeks and others. See The Soul of Money<\/a>.<\/td>\n<\/tr>\n
Passbook<\/td>\nA small booklet modified by a bank and used as a ledger for a customer to keep track of the amount of money in a bank account<\/td>\n<\/tr>\n
Real Property<\/td>\nReal Estate, land, houses, buildings<\/td>\n<\/tr>\n
Share<\/td>\nA fraction of the ownership of an enterprise<\/td>\n<\/tr>\n
Smart Property<\/td>\nProperty whose ownership is controlled via the block chain of Bitcoin or other cryptocurrency, using contracts<\/td>\n<\/tr>\n
Social Capital<\/td>\nThe amount of benefit to a society and community relationships<\/td>\n<\/tr>\n
Terra<\/td>\nA currency designed by Bernard Lietaer for international trade, intended to counterbalance the instability of national currencies.<\/td>\n<\/tr>\n
TRC<\/td>\nTrade Reference Currency. \u00a0 A basket of commodities to be used as a standard in trade.<\/td>\n<\/tr>\n
Treasury Accounts<\/td>\nCorporate accounts in which unallocated funds are stored<\/td>\n<\/tr>\n
Unit of Account<\/td>\nA standard monetary unit of measurement of value\/cost of goods, services, or assets.<\/td>\n<\/tr>\n
Wir<\/td>\nSwiss complementary currency dating back to the 1930s.<\/td>\n<\/tr>\n
Yin<\/td>\nChinese term for that which is feminine, dark, cold, mysterious, yielding. \u00a0 Opposite of Yang<\/td>\n<\/tr>\n
Yang<\/td>\nChinese term for that which is masculine, strong, bright, hard, hot. \u00a0 Opposite of Yin.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Table 5. Glossary of terms used in this paper.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0Glossary Alternative Currency A type of money used instead of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":20,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-4217","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/pages\/4217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/comments?post=4217"}],"version-history":[{"count":0,"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/pages\/4217\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/pages\/20"}],"wp:attachment":[{"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/media?parent=4217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}