The purpose of the GGCurrency System is to provide an alternative to the current established global and local currency systems. Such a system must of course be better than the current system, or it would be useless to introduce it. Our proposed system will have the following benefits:
- Autonomous, and free from external manipulation (no central banks or governmental control)
- Self-regulating without outside interference
- Autonomously able to expand or contract money supply to respond to changing demands for currency
- Transactions free from external observation
- Unlike fiat currencies, cannot be overproduced to cause inflation and loss of value
- Does not require bank involvement in order to use or transfer it.
- It is a credit based system, instead of a debt based system such as that used in all national currencies and the international monetary and banking system.
- Creating or using it does not create more debt (unlike the current system)
- Unlike the national currency, our currency has intrinsic value
- Unlike Bitcoin, it has a physical representation that can be used locally.
- Beauty
- Secure from theft or counterfeiting
- Asset backed, unlike the Fiat nature of all national currencies today, or Bitcoin.
- Easy and inexpensive to transfer money locally and internationally
- International money transfers without government oversight or interference
- Includes a mobile phone based bill payment system
- Linkable to the value of local labor
- Able to be produced with labor
- Non-Scarce, abundant currency
- Promotes relationships
- Promotes Community
- Benefits local communities: keeps wealth local, instead of exporting it to the cities
- Inherently causes increased wealth, abundance and prosperity in the communities using it
- Coordinates with local Chambers of Commerce and business organizations
- Tends to benefit entire communities, instead of being concentrated into the hands of a wealthy few—benefits the village as well as the castle
- Inherently benefits women
- Has historical basis for benefiting society
