The Global Resources Bank (GRB) eco cryptocurrency values a natural resources economy. The GRB eco integrates ecosystem restoration into a copious socio-economic framework.

The People’s GRB Eco AI Algorithm Economy
People value natural resources at 5 quadrillion (q) ecos with the buying power of 2020 US$. US$ assets are converted to ecos and possessions are transferred by smart eco contracts. GRB gains income from an ecosystem impact fee on eco accounts and exchanges ecos with the GRB eco reserve to maintain ecological equilibrium. Peoples average ecosystem impact sets peoples eco account fees and the impact of transparent commercial eco accounts sets their fees. GRB income maintains the GRB network and basic income supports everyone for life. The GRB invests .1q ecos each in ecosystem restoration, conservation, education, green energy, recycling, science, technology, health care, housing, agroecology, infrastructure, A.I., transportation, communication, disarmament, sport, art and the network. Peoples feedback to the GRB eco algorithm regulates the value of the earth’s natural resources, the amount of basic income and the network percentage. GRB is a decentralized autonomous network of people who rule the GRB eco AI algorithmic economy by majority. The GRB eco accounts are accessed by biometric ID. After one year of inactivity GRB accounts revert to the reserve.

The GRB Eco (e) Balance Sheet (q)
Assets ____________________ Liabilities
5.0 natural resources         3.0 basic income for 8b+ people x e50/day x 20 yrs.
1.0 US$ assets to GRBe      1.8 is invested in eco-restoration, conservation, etc.
___________________________________________________________________________________
6.0 minus           ____            4.8 = 1.2 reserve

People’s GRB
Vision – “Imagine all the people sharing all the world.” – John Lennon
Democracy – People rule a direct democratic eco exchange system.
Administration – The GRB eco algorithm administers the system.
Cooperation – The GRB is the people’s cooperative enterprise.
Communication – GRBnet supplies everyone world telecom.
Steady-State – Balances eco growth with ecosystem health.
Energy – Pre-mined GRB eco cryptocurrency saves energy.
Transparency – Verifies people’s understanding and trust.
“All the People” – Share a basic GRB eco income for life.

References – Sustainability  . Free Flow Exchange . Copionics

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Here’s an overview to better understand the Global Resources Bank economy.

Core Principles

  1. Valuation of Natural Resources:
    GRB establishes a value of 5 quadrillion ecos (2020 US$ equivalent) for Earth’s natural resources.
  2. Smart Eco Contracts:
    Assets, including US$, are converted to ecos. Transfers occur via smart contracts, ensuring ecological accountability.
  3. Ecosystem Impact Fee:
    Eco account fees are based on individuals’ and businesses’ environmental impact. The income generated sustains the GRB system and provides universal basic income.
  4. Basic Income for All:
    Everyone receives a daily basic income (e.g., e50/day) for life, fostering economic equality and security.

Allocation of Ecos (q)

  • Total Assets: 6.0q ecos
    • 5.0q: Earth’s natural resources.
    • 1.0q: Conversion of US$ assets into ecos.
  • Liabilities: 4.8q ecos
    • 3.0q: Basic income for 8+ billion people over 20 years.
    • 1.8q: Investments in various sectors (restoration, green energy, healthcare, etc.
  • Reserve: 1.2q ecos.

Operational Framework

  1. Governance:
    A decentralized autonomous organization (DAO) with direct democracy. Users govern the GRB eco algorithm by majority decision.
  2. Feedback Mechanism:
    Public input adjusts the value of natural resources, basic income amounts, and operational percentages.
  3. Account Security:
    Biometric ID ensures secure access. Dormant accounts revert to the reserve after a year.

Investment Areas

The GRB dedicates significant resources (0.1q ecos each) to:

  • Ecosystem restoration and conservation.
  • Education, science, technology, health care, and housing.
  • Renewable energy, recycling, and agroecology.
  • Infrastructure, AI, transportation, and communication.
  • Culture, including sports and art.
  • Disarmament and peace initiatives.

Vision and Values

  • Vision: Inspired by John Lennon’s “Imagine,” GRB envisions a world where resources are shared equitably.
  • Democracy: Promotes direct democratic control of eco exchanges.
  • Sustainability: Prioritizes steady-state economic growth aligned with ecological health.
  • Transparency: Ensures public trust through open and verifiable processes.
  • Economic Freedom: Seeks to empower individuals through resource sharing.

Potential Challenges

  1. Biometric Privacy: Ensuring the security and ethical use of biometric data.
  2. Ecosystem Impact Assessment: Standardizing and fairly calculating individual and corporate environmental impacts.
  3. Global Adoption: Achieving widespread acceptance of ecos as a universal currency.
  4. Algorithmic Governance: Balancing human input with AI-driven decision-making in a transparent and democratic manner.

Peace.