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A Perfect World - Book 1 - Literature - Nairaland

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A Perfect World - Book 1 by infome1305: 7:24pm On May 19, 2015
Global economic crisis has made this perfect world a place not to be and we owe all this to a physical currency, thus money. If you don’t have the physical currency you can’t survive, no food, shelter and no health care, these are the basic things every human needs. Physical currency deprives certain humans of these needs.

Government officials, group of people and certain individuals who have power over this physical currency tends to abuse and embezzle it at the expense of others and since there is no strong justice they get away leaving others to suffer and hence depriving them of their basic needs.

This is not the kind of world everyone being brought to earth wished to witness. Everyone wants "a perfect world" like "The Garden of Eden" where everything was readily available and there is no stress and no hustle. We can have “a perfect world" in our era and there will still be hustle and stress but on a lower scale because our number is constantly increasing and it will take only a "miracle" to totally eradicate hustle and stress from our system.

This world is being controlled by a physical currency, which people get to lose always and find themselves wanting. What if we are to do away with this physical currency and digitize all transactions? It has already began with bitcoins, which is a decentralized digital currency. I think bitcoin is what we have all been waiting for, a system where you don’t need to carry any physical currency around, but have it online being controlled by one source. As we all know money usage is a cyclic event, the money you spend goes round and round and comes back to you either depreciated or appreciated.

Using bitcoin, a digitized currency across the globe where one "station" supplies the whole world coins daily. Money given out of the "station" is money gained either depreciated or appreciated. We have one "station" which gives out specific amount of coins to every country daily which is redistributed to the individual people in the country as their daily wage to start the day with to buy food, clothing and anything he or she wants through bitcoin transactions. For these transactions to go through, you need hashes to authenticate or verify transactions through a process called "mining". Hence mining will only be done by the "station" to avoid abuse of the system. They will have the required machines to produce the hash power they need to process billions of transactions per second.

To ensure fairness as to who rules and who has power, two or more individuals from each country will be put in the "station" to work on behalf of their country. Definitely there will be a boss, rules can be laid down that at the end of every 4 years new people will be selected from the "station" as head. The election would be done in a fair way, each representative nominates his country. E.g. If five people are in a group, each write their country's name on a sheet and everyone drops it in a box, this is would be done in the open for the general public to see what’s happening. Then someone from the public would be asked to take a sheet from the box and the country he or she picks would rule over the digitized coins for his period of office following the laid down principles. To ensure free and fair economy, fixed amounts are given out to each country on a daily basis...

To be continued.....

http://www.infome.us/2015/04/a-perfect-world-book-1.html

Please tell me what you think about bitcoins or any way to help build a perfect world

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