We can call it Cash.
Its product is its own stock.
It capital consists of a series of ethereum contracts for swapping accounts on a block chain.
Its entire function is restricted to putting the income from any stock sale onto the public short term chains as specified in the ethereum proof of stake rules.
It is leagaly bound, but otherwise i do not think there is anything to add, except it must include contracts for traditional scofflaw chaser.
This is simply the equivalent of a very useful search script, and would become widely popular and an astounding money saver. Sort of the universal payment system is really just a universal API for the various ledgers. A finite block chain queuing switch.
Take Btc. Someone has a clever idea, turn it into short chain cash. They buy stock in Cash for bitcoin, and the hot bitcoin wallet is managed by the standard rules of ledgers, but otherwise is available for short term digital cash via any trusted vendor. So, sure, everyone would accept this, this is nearly perfect cash. Essentially the customer is transferring bits of Cash stock to merchant, but the merchant know a bunch of accountants who have looked at the payment contracts and pronounced them solid and honest and no ore risky then credit cards. Most of these ledger contracts on trusted ethereum respositories woll be well proven, legally binding, standard accounting.
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