The world is bankrupt.
People’s GRB Eco Crypto Currency Algorithm
GRB Eco money values natural resources to end debt, climate change, borders and war.
People value natural resources at 5 quadrillion (q) ecos with the buying power of 2020 US$. GRB gains income from an ecosystem impact fee on GRB eco accounts and exchanges ecos with the GRB eco reserve to sustain ecosystem equilibrium. The average ecosystem impact sets peoples eco account fees and the impacts of transparent commercial eco accounts sets their fees. GRB eco income maintains the GRB network and basic income supports everyone for life. The GRB invests .1q ecos each in eco-restoration, conservation, education, recycling, clean energy, technology, science, health care, agroecology, infrastructure, housing, art, the GRB network, AI and disarmament. The people’s average feedback to the GRB eco algorithm adjusts the eco value of natural resources, the GRB network percentage and the amount of people’s basic income. GRB is a decentralized autonomous network of people who rule the GRB eco algorithm by majority. Free-flowing GRB eco accounts are accessed by biometric identification, guardians have proxy rights and women as guardians of most people guide the majority. US$ assets are converted to ecos, and possessions are transferred by smart eco contracts. After 1 year of inactivity, GRB eco accounts revert to the reserve.
GRB eco (e) Balance Sheet quadrillions (q)
Assets Liabilities
5.0 natural resources 3.0 basic income for 8b+ people x e50/day x 20 years
1.0 US$ assets > e 1.5 investments in eco-restoration, conservation, etc.
_________________________________________________________________________________________
6.0 ecos minus 4.5 = q1.5e reserve
References
Mother Earth News: Dr. Arthur Shaw on GRB Copionics – Voiceover
NYAS: Implications of an Alternative GRB World Exchange System
Jo Conrad: John Pozzi and Monika Hoy, GRB Global Sufficiency
Dr. Dan O’Neill: GRB Eco Ecological Economics
Arthur Shaw, Frances Fox, Monika Hoy, Jo Anne Hissey and John.Pozzi@grb.net