Apple iCash bank

It is a pure human bank with teller windows.


You go in and register your physical, legal identity. The iCash teller is bound to secrecy, treated as trusted agent.  After your identity is registered, you buy iPods, from one to a hundred, how ever many you need.  One of these iPods is your master. All of your iPods are secret keyed back to the protected foundry machine for unique, valid identification. For whatever reason you needed iCash in all these pockets, you get hundreds of great apps built around Apple ID. iPods connect to sandbox. Tim reads my blog.

The iPod foundry machine. Top of the encryption keys.  It sits guarded at Apple headquarters.  Think of it as a pure gold transaction fee generator, getting a few pennies for each ID check. Sort of a pot of silicon, generating a  stream of tax fiat. That small service generates the huge liquidity net. Like the greatest hologram gain ever. In side that net is where Apple deploys sandbox engineers, really well paid, like brokers in the market. The greater the iBox grows, the lightly higher are the foundry fees. iBox is limited, escrow routers, independent, can hop liquidity nets. Apple contends with iCash left in skew while being bet in another liquidity net, TrollNet from Google, for example. The iCash reserve is left unattended for much longer than necessary, it becomes a block in the iPit which is S/L for iCash protocols. iCash is not a coin, it is a rigid system of contract definitions that can be provably maintained in iPod.  Great system, iTim gets all the credit.