e-currency

showMe.gpg was attached to my first email for Richard M. Stallman. This was showMe.html encrypted which I described as, “My letter outlining the promise of GNU.hope.” My third email asked, “… please read the document at show2.html, where I explain the whole idea in a manner as clean and forthright as my abilities permit.” Then the fourth post of this blog - For the Love of Money - delivered my third attempt at “… a simple, brief, nontechnical way to explain the idea.” Gauging from the reactions this effort gained, it is evident the third time was NOT the charm. Consequently, a fourth charge on that objective now follows:

GOAL: To find a means of awakening individuals to a new realm of realizing and sharing wealth. It's a purpose inspired by an aching need as manifested in a few examples: 1) The Great Depression of the 1930's, 2) Nazi Germany's immensely injurious inflation a bit later, 3) current savage poverty in the rural areas of 3rd world countries, 4) a ‘capital crunch’ inhibiting the accrual of rewards dearly deserved by those magnificent pioneers forging a brave new future through free software (along with hundreds of other great causes). While these may appear as diametrical cases they all spring from the exact same basic flaw - a people being overly dependent on a proprietary monetary system. Hence no alternatives exist in the face of disastrous manipulations or simply when money outside traditional capital streams is scarce. Considering how fine the corporate Federal Reserve has flourished in spite of (or thanks to) the Depression, and the grand showing of the German Mark in post war times, it is difficult to envision the monetary status quo receding from prominence without a truly major revolution (transformation) of mind. That revolution dear reader is our goal.

Indisputable, unforgeable, thief proof ownership is an untapped ramification inherent in public-private key encryption technology. This leads to a simple obvious means for us to realize wealth while advancing security, dignity, and freedom. In view of what passes for money today, there is good reason to expect that rational empowering alternatives could be embraced. The advancement of this hope is the raison d’être for this blog.

Our blog's named Monetize - yet my impetus is not to personally monetize anything. I believe that mankind's second greatest invention is money - however I know of no national currency worthy of endorsement. The values driving the free software movement directly expedite liberation from grievous fallacies - nevertheless a straightforward means to reward avant-garde warriors is patently lacking.

So here is the plan. Let's say that you wish to recognize some particularly deserving individual. You simply write up your thoughts (or offer) and then sign the text using your private key. Next you send this to your recipient. If this person wishes to take ownership of your gesture, they will then verify your signature and sign the whole thing using their private key. Next this file with it's uniquely identifying name (UID) is posted to a highly accessible public data base (GRW). These simple actions have created a mutually agreed upon ownership that is indisputable, unforgeable, and thief proof. And while nothing has been monetized as yet, a fertile robust stage has certainly been set to do so. The file will be effectively monetize as soon as it changes ownership for some consideration (with no limit to the number of times this could occur).
    The original text you created could have been a mere compliment or something more substantive like a redeemable coupon - it's only limited by our collective imagination. For instance, one could easily grant interest in an enterprise, or you might just write to a performer and promise to buy a ticket when they do a concert in your city. If said performer collects (becomes owner of) sufficient numbers of these endorsements, then the raw appreciation of their fans could be literally bought up by a promoter who'll sponsor a concert in return for having the commitment of hundreds or thousands of fans in advance. Look here for more thoughts along these lines.
    Now before something like the above could become a big reality we'd be looking at a google size data base with an enormous amount of traffic. This would insinuate the participation of 3rd party service providers to make the process readily available to the masses. Long before that however, a great service could be bestowed upon the more technically inclined who will be responsible for fueling the initial popularity and advancement of this new freedom based form of ownership & monetization.