Edit: Apparently drink and coherence isn’t a thing.
Martin Armstrongs good guys solution for the USA
1/ No lawyers in congress
2/ Term limits for all senators
3/ Abolish all taxes (bye bye IRS)
4/ Treasury controlled entity to create all currency, interest free
5/ Money is spent into the system, by funding public works (my comment: mitigation for Grand Solar Minimum included?)
Martins thoughts on 5G and the IOT
Real purpose is to have ubiquitous access to a worldwide digital money system
Given the above, I posit a good guys/ bad guys scenario and will describe mostly the good guys scenario
Senators vote out:
2/ Perpetual terms
3/ Current Fed arrangement
All countries become truly sovereign by taking the same measures as the USA
1/ Becomes the payment rail accessible anywhere thanks to 5G/ IOT /Satellites etc
2/ SafeCoin is allowed to flourish and form part of the system, in effect becoming like a country and competing via an exchange rate system.
3/ Devs issue a Tippity Top smoke signal in advance
1/ SafeNetwork becomes a pariah and in the off chance it manages to launch, the SafeEconomy becomes in effect a Darknet.
2/ Devs go underground
3/ Safe Coin can only be accessed by farming (no fiat bridge). MaidSafe Coin becomes very valuable for the same reason as the current fiat system i.e fresh dollars have higher buying power, than when they trickle down to the plebs (probably true for both scenarios)
In either scenario Devs must keep copies of the blockchain, to ensure MaidSafeCoin to SafeCoin exchange. Bitcoin is easily shut down, so especially important in the bad guy scenario.
End of edit
I’ve pondered previously on what a SafeNet economy would have looked like, without a fiat On/Off ramp i.e a completely closed economic system.
All SafeValue is derived from the inputs of humans and machines alike and the incentive to create this value is unfettered by taxation. The ability to spend this mutual value into the real economy destroys the status quo.
The ‘ability’ would have to be enabled by governance. …wait what? governments will willfully destroy their own capacity to raise taxes?
Yes, politicians will be constrained by term limits and have their spending publicly scrutinized on a chain…the planned alternative is tyranny and a new coat of gold paint for ‘The Capital Machine’ as ‘spending other peoples money’ meets it’s inevitable endpoint.
Governments will create their own national tokens which will be freely exchangeable with other currencies and SafeCoin (stored and traded on the SafeNetwork)
In effect the SafeNetwork becomes a peer to the worlds now sovereign countries.
Countries would eliminate all taxes and instead spend money into creation, by funding Public Infrastructure and purchasing services for the residents.
The value of a national currency is determined by the total productive capacity of it’s people. Add SafeNetwork (competition) into the mix and countries may be able to rise with the capacity of it’s people (and government) to add digital value.
As a peer, the SafeNetworks ‘Pay the producer’ (PtP) feature (if fully fleshed out), could be an adjunt to countries social payments systems. Currently if your not someone who is trying to create generational wealth, there is little incentive to actually work hard. Learn how to create value within the SafeNetwork and show us your unique humanhood.
Why am I painting such a rosy, seemingly impossible story of the future?
Well as we move to launch, there appears to be a real chance** that a fiat On/Off ramp will not be possible and the above scenario is my best imagined case if the good guys get up and somehow stop the evil doers.
Nonetheless, while all the discussion is focused on health, what seems to be overlooked is WHY? Do we really need to increase the speed? The real reason for 5G is being rolled out is not for amazing new gadgets, but for digital currency with instant payments and 100% surveillance. This Pandemic is being used to not only suppress the protests against 5G but to accomplish it in time for the replacement of the monetary system with a new digital currency among nations. They allowed BitCoin and others to pave the way, but now it will be time to outlaw private cryptocurrencies and force them into government digital currencies.
Tough situation for the Devs, this was always going to be one of the possible scenarios, one way or another…knock knock
So how can I buy SafeCoin if they outlaw private cryptocurrencies and force them into government digital currencies?
Well firstly, SafeCoin holders cannot be outlawed into government digital currencies (you purchased Privacy, Safety and Security at the crowd sale remember)
MaidSafeCoin held in an exchange would be toast…you will be converted into InfinityCoin (along with gold and silver holders?)
To have ready made value to spend into the fledgling SafeNetwork you have to buy SafeCoin NOW, by buying it’s proxy MaidSafeCoin and moving it into ‘cold storage’.
It’s akin to how the fiat money system works now, whereby the connected few get their hands on the newly created debt money and spend it while it’s purchasing power is close to maximum.
It’s entirely possible that holding MSC now, will be the fiat power money equivalent on steroids, as big demand for initial liquidity will likely occur as freedom loving individuals and business recognize Safe as the new frontier.
How can they move quickly without liquidity (no On/Off fiat ramp)?
These pre-release coins will have the ability to do more work than the later ‘earned’ coins, because of first mover advantage…so important in big commerce.
Suddenly MaidSafeCoin, looks very very attractive to freedom lovers all over this self healing planet.