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"hope through next generation science and technology"  

Community for Tomorrow Responds to

Frequently Asked Questions

Question:  Can you tell me more about "Building Your Own Local Money" using a computer?

Answer:  As we state in Part 5 of our series:  A Solution that Will Work – Preservation of Community based on the Fourth Industrial Revolution, we intend to write a much more extensive explanation of this product in the not too distant future.  We are currently in the process of building the software that will make this new money possible.  This software has been designed in such a way that it meets the following principles:

1) The provider of the financial mechanism cannot steal from their users (in the case of money, they cannot inflate their commodity).

2) None of the users can, through the financial mechanism, steal from the other users or the creators of the financial mechanism (cannot counterfeit financial assets).

3) The financial system must treat the privacy of the individuals as sacrosanct.

4) The financial system must be simple to the point that anyone who wishes or needs to set up a financial system can do so without difficulty.

5) The software that makes all of this possible must be invariant to the underlying hardware (it must be portable from system to system in the same way that web content can be delivered across different computer systems).

6) The system must be able to withstand physical attack.

In an upcoming segment we will provide details for each of these principles and how they interact with each other, as well as the design of the mechanism that will make it possible. 

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