WO2020039771A1

WO2020039771A1 - System and method pertaining to new electronic currency (share money) and distributed-type central bank, and storage medium

Info

Publication number: WO2020039771A1
Application number: PCT/JP2019/026914
Authority: WO
Inventors: 寿一郎野田
Original assignee: ロッホエナジーリミテッド; 寿一郎野田
Priority date: 2018-08-24
Filing date: 2019-07-05
Publication date: 2020-02-27

Abstract

In this invention, an electronic currency issuing system issues electronic currency managed by blockchain, and is provided with a processing unit, a storage unit, and a communication control unit that communicates via a network with a consumer-of-funds terminal and an investor terminal. The processing unit presents, on a peer-to-peer (P2P) platform, a solicitation condition including a funds solicitation amount received from the consumer-of-funds terminal, and/or an investment condition including an investment amount received from the investor terminal. In addition, if an investment for the solicitation condition or a funds demand for the investment condition is detected, the processing unit issues a first electronic currency corresponding to the funds solicitation amount or the investment amount. The exchange rate of the first electronic currency to a legal currency or another electronic currency fluctuates. If the solicitation condition from the consumer-of-funds terminal and the investment condition from the investor terminal match, the processing unit issues the first electronic currency, converts the first electronic currency into a second electronic currency at a predetermined exchange rate, and stores the second electronic currency in association with the consumer terminal.

Description

System, method and recording medium for new electronic currency (share money) and decentralized central bank

The present invention relates to an electronic currency issuing system, an electronic currency issuing method, and a storage medium, and more particularly, to an electronic currency issuing system, an electronic currency issuing method, and a storage medium for issuing an electronic currency.

通貨 Originally, currency is used for trading. In recent years, electronic currencies have been used in addition to traditional currencies. Also, a technology called a block chain for managing information such as electronic currency transactions is known (Non-Patent Document 1). In this specification, “electronic currency” broadly includes digital currency issued electronically as indicated by the title of the invention. Electronic means independent of other physical media such as paper, metal, and plastic cards. Also, the electronic currency does not refer to electronic money that is conventionally used (e.g., corresponds to a prepaid voucher specified by the Funds Settlement Act of Japan).

On the other hand, as one of the means of raising funds and one of the means of managing funds, investors provide funds and obtain dividends. Some state and central banks are planning to issue their own electronic (digital) currency or to issue foreign currency denominated bonds.

This is a system for issuing and managing (electronic) currency in a cross-border P2P (Peer-to-Peer) system. (1) The credit provider synchronizes with the credit provision based on the customer's demand for money (Share money), and (2) a layer that represents the value of two currencies: a currency that can be exchanged for other fiat currencies or virtual currencies or other electronic payment media, and a currency secured by receivables to fund consumers. (3) Exchange the latter for a fixed exchange rate with the local currency, and (4) Compatible with current fiat currencies and currencies (or credit systems) equipped with an algorithm and a monitoring system to prevent a decrease in currency value. No compatible system is disclosed. A system that satisfies at least one of the above (1) to (4) is desired.

In view of the above, an object of the present invention is to solve the above problems and to provide an electronic currency issuing system, an electronic currency issuing method, and a recording medium that can satisfy essential demands for currency.

According to one aspect of the present invention, (1) currency issuance according to effective demand to match the currency supply with effective demand for consumption and investment, and (2) growth in demand for credit creation as a reward (interest). (3) Determine the currency value of the current statutory currency from its currency supply, national income growth rate, inflation rate, interest rate if the currency-backed asset is a public debt, and its purchasing power in the market (PPP) (4) Exchange with the current statutory currency at a predetermined ratio. (5) Exchange with currency in another currency area by the same method as the current currency exchange rate and the above (3) and (4). Accordingly, the present invention provides a system, a method, and a recording medium that partially or entirely replace the current legal currency and the central bank that issues the legal currency. (6) Regarding the exchange with fiat currencies in (4) and (5) above, besides the direct exchange with local fiat currencies, the exchange with electronic currencies once exchanged into international key currencies such as USD, Euro, Pound etc. Exchange secondary and indirectly through exchanges (the international key currency, when exchanged, is managed in two layers). (7) The currency issuance of (1) includes a system, a method, and a recording medium in which a fund consumer obtains and executes a credit by realizing a specific social value (for example, reducing CO ₂ ). .

The engineering issues that all current fiat currencies have, along with their forms of issuance, are:
(1) The structure of the bond between the currency holder and the currency issuer is unclear. Currency holders do not necessarily hold the currency as a bond to a currency issuer (such as a central bank), which is interest-free, indefinite-term debt, and the issuer does not guarantee any value. The mechanism for transfer of credit is unclear.
(2) Currency is not a medium for expressing demand. For currency holders (more precisely not limited to the medium of expressing demand), holding a currency is merely a vested interest and has no obligation or incentive to exercise. Therefore, the demand is deviated from the currency, a large amount of currencies that do not express demand are withdrawn, and "lack of total demand" gives practitioners and scholars excuses their lack of problem-solving ability.
(3) Despite the fact that a currency belongs to a specific currency area = economic area, the value of the currency in the currency area and the exchange value with another currency or the value in another currency area Is not defined at all, and is sometimes left to the look-ahead of investment sources when in state control.
(4) The present value and future value of the currency are not distinguished at all, and as a result, the above (1) causes the currency to be left uninterested, unguaranteed and indefinite-term debt, and the currency holder assigns the currency to the asset. It is impossible to know the benefits and risks held as (value storage means) and the nominal value of the currency (for example, interest rates or rewards in place of them).
(5) Issuers can issue currency arbitrarily and unlimitedly, without any rules regarding the amount of currency issued. This is especially true since the currency has been recognized as a supply of liquidity and the notion that liquidity shortage = credit contraction has taken root. Therefore, the currency value continues to spontaneously and unilaterally damage. Combined with the absence of the rule for cross-border movement of currencies described in (2) above, when a particular country bursts with currencies, the currencies of the other holding countries and their associated credits are reduced, causing "export of inflation".
(6) Furthermore, in the situation described in (5) above, currencies that have been randomly or excessively issued and whose value has fallen are not limited to simply falling in value, and the future value referred to in (4) above is elastically affected as a function of time. To the final money game of swapping the depreciation of the currency value with the nominal value of the currency through currency tote logic trading (speculation), this situation is already irreparable Up to enormous.
All of these are the means of transfer of credit where today's legal tender was derived from gold or silver in ancient times (at least in Genesis, the "good" or "bad" was discussed before the birth of mankind). And due to the structural problem of not having the basic architecture as a demand agent. Therefore, continuous maintenance of the current currency system is almost impossible. It means not only the repetition of transient events such as the collapse of the bubble, credit crisis, and currency crisis, but also the structural departure from the real economy, and the monetary system is the lowest layer (formerly called the lower structure). Any "economic" policy that would invalidate it.

There is a great misunderstanding about the monetary system, it is a pure macro system, and it follows the natural rule of the macro system (the law of thermodynamics). The monetary system is merely a system for exchanging an unspecified large number of demands (currencies) and supplies (commodities). For example, the labor force is also an important element of supply as well as energy. (See Figure 15 for the relationship between each layer)

On the other hand, the economic system is a complex of micro systems constructed socially, psychologically and institutionally, and these two systems cannot be confused. (Or confusion creates confusing, irresponsible, and risks.) The latter systems are dominated by balanced profit and loss, reversible contracts (contracts that are reversibly effective over time). It has a symmetric structure. The former, on the other hand, progresses spontaneously and irreversibly, while confronting uncertainty in the future, while constantly making the system obsolete.

In this regard, current currencies are non-interest-bearing, indefinite-term bonds (and have no value guarantee), and therefore flow only randomly and disorderly. Changes in currency holders' “liquidity preferences” have plagued Keynes, and currencies are often disconnected from demand and credit. Monetary authorities, which are likely to lose credit, try to increase the absolute amount of liquidity by issuing a different dimension of the currency, but try to avoid this. Entropy continues to increase. And even if the current credit system relies on the dissipative structure of random currencies formed like a probability distribution, Carnot's In accordance with the rule, it is essential to provide a difference between the low entropy site and the high entropy site. In contrast, Gesell's "stamp currency" and "burned" virtual currency would be (and were) effective as a means of dealing with entropy, and the former gold standard would be an effective means of discharging entropy. 'S monetary system has no effective means of controlling entropy. Therefore, the bubble and its collapse (currency crisis) can only be repeated in a convulsive manner, and eventually the balance has to reach an equilibrium state represented by a flat interest rate (yield curve). A bubble is not a rise in land, stocks, or bulbs, but a severe expression of a decline in currency value. By the way, the governor of the Bank of Newton, England, got caught in the South Sea bubble because he knew only the systems that could be exchanged equivalently and that its equivalence was preserved.

All of these are the means of transfer of credit where today's legal tender was derived from gold or silver in ancient times (at least in Genesis, the "good" or "bad" was discussed before the birth of mankind). And due to the structural problem of not having the basic architecture as a demand agent. Therefore, continuous maintenance of the current currency system is almost impossible. It means not only the repetition of transient events such as the collapse of the bubble, credit crisis, and currency crisis, but also the structural departure from the real economy, and the monetary system is the lowest layer (formerly called the lower structure). Any "economic" policy that would invalidate it.

There is a great misunderstanding about the monetary system, it is a pure macro system, and it follows the natural rule of the macro system (the law of thermodynamics). The monetary system is merely a system for exchanging an unspecified large number of demands (currencies) and supplies (commodities). For example, the labor force is also an important element of supply as well as energy.

In this regard, current currencies are non-interest-bearing, indefinite-term bonds (and have no value guarantee), and therefore flow only randomly and disorderly. Currency holders' "liquidity preferences" plague Keynes, and currencies often have demand cut off from credit. Monetary authorities concerned about disconnecting from credit will try to avoid this by issuing a different dimension of the currency, but the entropy of the system will increase as the currency value decreases in proportion to Δissued volume / Δtransaction. Absent. And even if the current credit system relies on such a dissipative structure of random currencies, the difference between low-entropy and high-entropy parts must be made in accordance with Carnot's law in order to do work. Is required. In contrast, Gesell's "stamp currency" and "burned" virtual currency would be (and were) effective as a means of dealing with entropy, and the former gold standard would be an effective means of discharging entropy. 'S monetary system has no control over entropy and has to go to an equilibrium state typified by flattening of interest rates (yield curves). A bubble is not a rise in land, stocks, or bulbs, but a severe expression of a decline in currency value. By the way, the governor of the Bank of Newton, England, got caught in the South Sea bubble because he knew only the systems that could be exchanged equivalently and that its equivalence was preserved.

According to one aspect of the present invention, an electronic currency issuing system that issues electronic currency managed by a blockchain includes: (a1) a processing unit that executes processing; (b1) a storage unit that stores information; c1) a communication control unit that communicates with the fund consumer terminal and the investor terminal via a network; (d1) the processing unit includes (e1) a fund recruitment amount received from the fund consumer terminal Presenting, on a P2P (Peer-to-Peer) platform, investment conditions received from the investor terminal, including the investment amount, and (f1) investment for the investment condition or for the investment condition When the demand for funds is detected, the electronic currency is issued in accordance with the amount of fund raised or the amount of investment.

According to one aspect of the present invention, an electronic currency issuing system includes (a2) a processing unit that executes a process, (b2) a storage unit that stores information, (c2) a fund consumer terminal via a network, A communication control unit that communicates with the investor terminal; and (d2) the processing unit matches (e2) a fund recruiting condition received from the fund consumer terminal with an investment condition received from the investor terminal. In this case, a first electronic currency whose exchange ratio with the legal currency or another electronic currency fluctuates is issued to the investor terminal, and (f2) the issued first electronic currency is converted into a second electronic currency at a predetermined exchange ratio. And (g2) storing the exchanged second electronic currency in the storage unit in association with the customer terminal.

According to one aspect of the present invention, in the electronic currency issuing method using an electronic currency issuing device that issues electronic currency managed by a blockchain, (a3) the processing unit of the electronic currency issuing device includes: The offer conditions including the amount of funds received from the home terminal and / or the investment conditions including the amount of investment received from the investor terminal are presented on a P2P (Peer-to-Peer) platform, and (c3 If the investment for the funding condition or the demand for the fund for the investment condition is detected, the electronic currency is issued in accordance with the fundraising amount or the investment amount.

According to an aspect of the present invention, there is provided a computer-readable recording medium storing an electronic currency issuing program for issuing an electronic currency managed by a blockchain, wherein the electronic currency issuing program stores (a4) ) Present the offer condition including the amount of fund solicitation received from the fund consumer terminal and / or the investment condition including the investment amount received from the investor terminal on the P2P (Peer-to-Peer) platform. And (b4) when investing in the funding conditions or fund demand for the investment conditions is detected, executing a process of issuing the electronic currency in accordance with the fundraising amount or the investment amount.

According to the present invention, it is possible to provide an electronic currency issuing system, an electronic currency issuing method, and a storage medium that efficiently provide fund procurement and investment opportunities using electronic currency.

FIG. 1 is a configuration diagram schematically illustrating an electronic currency issuing system (electronic currency issuing system) according to an embodiment. FIG. 2 shows a hardware configuration diagram of the electronic currency issuing device in the present embodiment. FIG. 2 shows a logical block diagram of a processing unit of the electronic currency issuing device in the present embodiment. FIG. 1 shows a configuration diagram of a web server in the present embodiment. FIG. 2 shows a configuration diagram of an application server in the present embodiment. FIG. 2 shows a logical block diagram of a processing unit of the web server in the embodiment. 1 shows a configuration diagram of a terminal device in the present embodiment. It is a flowchart which shows the process of the electronic currency issuing system in this embodiment. 2 shows a total workflow of the electronic currency issuing system according to the present embodiment. 4 schematically shows a flow related to scoring and display of a risk score in the workflow of the electronic currency issuing system according to the present embodiment. 4 shows an example of a display screen of a transaction result in the electronic currency issuing system according to the present embodiment. 12 (a) shows Say's macro-money flow model, FIG. 12 (b) shows Keynes's macro-money flow model, and FIG. 12 (c) shows a modern macro-money flow model. . FIG. 1 is a conceptual diagram of TPG (Trading \ Platform \ for \ Green \ product \ and \ services). FIG. 3 shows another logical block diagram of the processing unit 11 of the electronic currency issuing device 10. The figure which shows the relationship with a monetary system. The figure which plotted the currency function and the position of the currency of this embodiment. An example of credit provision and accumulation of rewards in electronic currency will be described. 2 shows a comparison between a stable coin and the currency of the present embodiment. An explanatory diagram of an exchange scheme (micro scheme) for currency and commodities (goods) is shown. An explanatory diagram of a currency and commodity (goods) exchange scheme (macro scheme) is shown. It is a figure for comparing a central bank type model (FIG. 21) and a P2P network model (FIG. 22), and FIG. 21 shows a credit creation model in which a central bank is a currency issuer. It is a figure for comparing a central bank type model (FIG. 21) and a P2P network model (FIG. 22), and FIG. 22 shows the credit creation model by the P2P network of this embodiment. The figure of the monetary control in fiat currency is shown. The entire configuration diagram (Entire configuration diagram) is shown. FIG. 1 shows a comparison diagram (1) of a conventional system and a Local-Joule-based system (Compared {on} between {traditional} and {Local-Joule} based {systems} (1)). A comparison diagram (part 2) of a conventional system and a Local-Joule-based system is shown. A comparison diagram (part 3) of a conventional system and a Local-Joule-based system is shown. FIG. 4 shows a comparison diagram (part 4) between a conventional system and a Local-Joule-based system. FIG. 5 shows a comparison diagram (part 5) of a conventional system and a Local-Joule-based system. A comparison diagram with electronic money (Comparison with electric money for reference) is shown.

Hereinafter, embodiments of the present invention will be described in detail with reference to the accompanying drawings. In the specification and the drawings, elements that can be described in the same manner are denoted by the same reference numerals, and redundant description may be omitted.

In the description, the currency and the background of the embodiment of the present invention will be described first, and then the computer system for realizing the present invention will be described. The description will be made in the following order.
1. Currency and background 2. Overview of electronic currency issuing system (electronic currency issuing system) 3. Configuration of electronic currency issuing system 4. Processing of electronic currency issuing system Appendix 6 Modified example

1. Currency and background 1.1 Definition of `` money '' We cannot get rid of money even by abolishing gold and silver and legal tender instruments
(JM Keynes (The general Theory of Employment, Interest & Money))

We cannot escape money (silver system) even if gold, silver and even the current legal currency are abolished ―――――― J.M. Keynes (general theory of employment, interest and currency)

ヒト A human being often speaks to distinguish humans from other animals. But actually, the sparrows, whales and ants seem to be talking to each other. Another tool that represents value alongside words is money. Isn't money, as Keynes says, a unique system that humans cannot escape since ancient times?

Well, it is a so-called virtual currency such as bitcoin, but if gold or even legal currency is gone, will there be enough currency to replace it? Bitcoin has raised at least some important issues. The point that is unexpectedly overlooked is the medium. Bitcoin is a signal that uses electrons as a medium, and can be called a kind of “energy currency with deformed energy”. The source of its value is the internal energy (U) that can be physically counted by electricity bills.

Secondly, Bitcoin realized the innovative idea of distributed ledger processing by blockchain without relying on a specific centralized intermediary (for example, a bank). However, as far as the current situation is concerned, it seems that it is quite difficult for virtual currencies to take the place of replacing fiat currencies such as post-gold, silver and banknotes. (A) Significant price fluctuations due to fixed issue volume, (b) Lack of compatibility with local (statutory) currency as settlement currency, (c) Possibility of misuse of money laundering due to anonymity Sex, loss, theft risk, (d) technically slow processing speed (7 to 15 / sec), no additional value other than speculative value can be found compared to so-called electronic money, etc. I have a problem. Rather, it may not be so far from disappearing from the historical stage.

一番 The first problem is that the price of virtual currency fluctuates like a roller coaster, and whether it can be used for daily payments, of course, it can not be lent or borrowed with peace of mind. If you do not know whether it is 10 times when it returns or it is one part, it is not suitable for lending and borrowing at all. --- But the biggest problem raised by virtual currencies, or conversely, may be called contribution-is a reminder that currencies are not a colorless and transparent payment sashimi but a value of their own. I guess it is the point that gave me. The opinion that "virtual currency is not a currency but a digital asset" comes from it. So where does the value of money come from? The question is not only cryptocurrencies, but also the range of dollars, renminbi and euros that we usually use.

For example, a 10,000 yen bill used by Japanese people is just a piece of paper with a cost of about 20 yen. A super business model that displays a piece of paper of 20 yen as 100 million yen or lends it to lending at 1% interest is virtually zero cost and a super business model that makes 80 yen annually does not fall under Article 90 of the Criminal Code fraud There seems to be no reason for the case. It is certain that the value does not seem to be derived from Marx's `` this is the only amount of human labor '', but it is true that at least the 10,000 yen bill has 10,000 yen of bargaining power It looks like

In other words, a currency can only be exchanged for another good for the first time if it has its own value (of course, its value can be defined quantitatively like the weight of the Shekel-Hebrew language). For example, there is a blue sky market that specializes in bartering first, and the “real price”, which is the intersection of supply and demand, is actually predetermined, and money simply displays the “real price” for convenience. Surprisingly, many people misunderstand that they are just "working substances."

For example, D. Ricardo, the founder of the theory of labor value, did not just say “Money is only the medium by which the exchange is effected”. Even that Hayek it would be more helpful for the explain of monetary phenomena if “money” were adjective describing a property which different things could process to varying degrees (Denationaliation of Money) An adjective can better explain the phenomenon of money. " In fact, it's easy to realize that this is an illusion. Just think of inflation. Until then, one eraser and one pencil could be replaced, but something triggered the value of the pencil to increase tenfold. In other words, ten erasers are needed to replace a single pencil. However, at that time, the value of the eraser is 1/10, so the price of the whole thing does not change. Inflation occurs because the exchange value of money is reduced for goods. Money was able to function as a monosashi because it had its own inherent value, that is, gold (or silver) that could actually be exchanged for other goods.

Modern banking began in the Netherlands in the 17th century, and in 1668 the world's first central bank (risk bank) was established in Sweden by Karl XI. The banknotes issued by the original bank (banknotes are issued by banks and are called BankNotes) were originally stored banknotes for gold, and the certificates were distributed as currency instead of gold. A deposit certificate of gold that was too bulky to carry was distributed as a “representative form”. In the United States, the government issued its own certificate (gold certification) between 1900 and 1933.

In other words, a banknote could demonstrate its purchasing power (bargaining power) for the first time, exchanging it for another product (good) by obtaining credit backing from the real value of gold, that is, transferring the credit of gold to the banknote. Is. (Commodity money). The internal energy (U) of money is derived from its contractual credit, not the electricity used to make money.

Therefore, according to the contractual theory of money (contractism), bills, whether money or electronic money, are originally debtors with the owner (currency holder) as the creditor and the issuer as the debtor (Debt Obligation). Nothing but this essence is still the same.

今 Even now, when currency issuers have actually shifted from individual banks to central banks in each country, the total amount of Federal Reserve or banknotes is listed on the Fed and central bank balance sheets on the debit side. The difference from 17th century banks is that they hold a small amount of money on the lender, or asset, and by default, the vault is not gold, but rather a piece of paper. Regardless of whether it is a component of fraud, for example, the Japanese central bank, which is printing 10,000 yen bills for long-term postponement of debt repayment, is eligible for credit as a credit provider. I will draw it out later and discuss it in front of another judge's chair, not a judge in the country where the principle is missing.)

Speaking of current virtual currencies such as Bitcoin, we have a display function as a currency (Unit of account), but there is no value entity itself, that is, no credibility. Exposure of so-called cryptocurrencies to severe price fluctuations is simply one-sided because it is simply a matter of the fixed amount of issue and the value does not reflect the supply and demand balance in the protocol. The price of the cryptocurrency is not stable because the cryptocurrency itself does not support the credit transfer mechanism built on even the 17th century banks. Price is the intersection where the credit value of other products and the currency is equally balanced. (It's not a currency, it's just a coin that can be used in a global arcade. In other words, the architecture as a currency hasn't been built.)

However, the currency display function, that is, the value of other products can be displayed oppositely and in chronological order, because the currency itself exhibited more stable value than other products like gold in the past. . This is a consistent history since Abraham received 1000 shekels of silver with sheep, cows and slaves from Abimelech, king of Geral, about 80 km west of the Dead Sea (Genesis 20). By the way, the thing which can display a certain substance value quantitatively may be silver, sheep or slave. Silver left only after the selection. Marx points out that "gold and silver are not money in nature, but money is gold and silver (criticism of economics)." However, the source of the value that the currency brings credit could be other than gold and silver, the "sheep", much like Dolmark II, or the slave, Marx's favorite provider of labor value. In some US prisons, tobacco is used as currency (possibly without Fed regulation).

銀行 In the case of banknotes issued by banks originating in modern Europe such as the Netherlands and the United Kingdom, the above-mentioned gold deposit certificate turned into a commercial bill. Therefore, even if it is a bill, it shows not only the face value but also the date and the name of the teller, like a check. (Because it was handwritten, paperwork would have been difficult.) The credit of the issuing bank and the credit of the payer were specifically linked. The origin of the credit was traced from the bank's safe to the individual value of the payer and the goods he buys and sells. Although there is a clear difference in distribution, CDs issued and issued by banks as a by-product of financing are similar in terms of credit loading.

Still, Bitcoin looks like a currency at first glance because virtual currency has another characteristic of currency: transferability. On the other hand, for example, credit cards and electronic money (prepayment vouchers) are linked to the credit of the holder's bank account, but the credit itself is not attributed to plastic or electronic media, but to the individual. Not transferable. The same applies to travelers checks. Hayek's claim of money = adjectives unfortunately overlooks the transferability of money.

The traditional three major functions of so-called currencies, Unit of account, Mediun of exchange, and Stores of では value, are now not three independent functions, as you can see, but rather three independent functions of money governed by the causality of credit. It's just the side.

There is one point that should be divided into engineering. It is a time axis. That is, whether to exchange for the product at the current exchange value (generally Medium 言う of exchange) or in the future, that is, the potential exchange value that can be exchanged for the product after a certain period of time (Generally Stores of value). . Unit of account is a function that displays the exchange value as clearly and quantitatively as possible. As mentioned earlier, it can be either a silver shekel or a single sheep as long as it can withstand objective quantification. But again, these three functions are based on a single causal rule: the credibility of the currency and the continuity of Stores of value.

Therefore, when plotted on two axes of creditability (Creditability) and transferability (Creditability), only fiat currencies (and also gold in addition) combine the two elements of credit and transferability. You can see that. Credit may be called the function of money stock, and transferability may be called the function of flow. (See FIG. 16; plot)

By the way, there are various types of legal currencies that can be settled, depending on their liquidity, such as cash, demand deposits such as savings deposits, time deposits and short-term repo assets (CD), usually M1, M2 and M3. Although classified by form, bitcoin is an alternative to cash only. It cannot be a deposit. Because deposits are money that can store value tomorrow or until a year later, bitcoins that do not have the inherent value of credit transfer are not a substitute.

Although credit and transferability are relative, whether or not they are supported by a credit transfer mechanism determines whether or not they can be distributed as money. Another point is that anonymity is not the essence of money. Common to cash (which accounts for only about 3% of M3 in the United States) and bitcoin is anonymity, and bitcoin may have cut off credit holdings to ensure anonymity .

Finally, about Bitcoin, you can read like this. Satoshi Nakamoto, who started the game of Bitcoin, said that such a situation had been incorporated. In other words, the price of things purchased with bitcoin cannot be constant, and there are only H = logW worth of value. The bottom of the logarithm is naturally a bit, and if Bitcoin was originally conceived of something like entropy currency by its name, it would be quite suggestive. It's a deep reading.

In addition. FIG. 16 shows a diagram in which the currency function and the position of the currency in the present embodiment are plotted.

1.2 What's this embodiment currency?
(1) Basic architecture Money has two values: (1) its value in use which is given by the interest rate ・・・ (2) its value in exchange and in this it has the Nature a commodity (J. Lock （Some consideration of the consequence of the Lowering of Interest and Rasing the value of Money))

Currency has two values. One is value in use, which is expressed in interest ... the second is exchange value, and currency is a commodity in this regard. J. Locke (Consideration on the Result of Interest Rate Reduction and Currency Value Increase)

発明 The currency of the present invention is a simple expression of the original operating principle of the currency that is the medium of credit. A piece of paper that should have been a debt but for some reason without any interest or redemption date, but before the monopoly was issued exclusively by the central bank, where the paper money described its value in accordance with each transaction (credit transaction). Was mentioned earlier.

Next, I will talk about the mechanism of credit transfer. The greatest feature of the currency of the invention is that it has the unique architecture we have just defined, namely trust (transfer mechanism) and transferability.

The currency of the present invention is a transferable credit. The starting point of the currency of the invention is the demand first. Money is issued only when there is demand. Conversely, money is an agent of demand, and the fundamental idea of this currency is that demand is expressed only through money. Issued as a proof that the credit provider has shared or transferred credit to those who need money (written as a person, but not just individuals, but consumers can be companies, financial institutions, or countries). "Money" is the currency of the present invention.
Credits already held in the real world in the form of fiat currencies and other assets are transferred (shared) according to a protocol called POC (Proof of Credit), and consumers use the credits directly for settlement. The system that can do this is the currency of the present invention. The currency of the present invention is the first currency to be issued after being credited, shared and synchronized with consumers.

You said the currency of the invention will be issued on demand. But here too Joule's argument is clear. In other words, currency is a tool for discovering and manifesting demand, and good currency and wise currency are currencies that can find more demand. (Although at this point we will not elaborate, but all economics presupposes a priori existence of demand and wants to villain the shortage of demand, but who is still where the demand came from is actually just a ghost Rather, one of the biggest flaws of the current currency system is that holding a currency is just a vested interest, and that even if the currency deviates from demand, it can remain in the market without any problems.)

基本 Its basic architecture and protocol are based on LOCH ENERGY's two international patent applications (PCT / JP2018 / 31320 and 41650), which consist of about 30 claims.

The gateway that takes in real-world values (credit) such as money and assets into the virtual space, or conversely takes out assets in the virtual space from the virtual space as money or assets or services in the real world, is a POC. It is monitored by an independent and transparent monitoring protocol called the paired POA (Proof of Audit).

New buyers (holders) of the currency of the present invention purchase Local currency tokens at the same time as the purchase of the currency of the present invention (POE (Proof of Exchange)). For example, Putinia) as its component. The currency of the present invention is a Network Token that can freely trade with other currencies such as USD and Bitcoin on the exchange.

This is the third feature of this currency, which is divided into two layers, Network Token, Local Token and Local Token.

Local Token is a bond granted to the buyer of money for the buyer of the currency of the present invention. To put it simply, the currency of the present invention is a currency with credit. There is one point to be aware of. In the current indirect financial hierarchy, with the central bank at the top, the issuer of the currency (Issuer) was the debtor, and the person who actually used the currency was the creditor. However, in the P2P type hierarchy of the currency of the present invention, the issuer of the currency is the creditor, and the user of the currency is the debtor. (The currency of the present invention itself is not an ABS that secures the receivables, but a kind of utility token. In contrast, Local Token is regarded as a security token.) The holder of the currency of the present invention is a liquidity that has exchange value with other currencies. You will have two types of digital assets (Tokenized Assets) at the same time: a property asset (similar to other cryptocurrencies) and a loan to the currency user instead of gold or oil.

The receivables attached to Local Token are credits issued to the user (and how to use it, who uses it and when).

However, there is one big point here. Assets provided by the currency of the present invention are limited to cash-flowing assets (Cash-flowing Assets). Although it is possible to incorporate gold, oil, real estate and other commodities into the collateral, it is not the gold, oil, real estate and other commodities themselves, but the cash flows from those assets. The POC actually evaluates the amount of cash flow and its future / present value. To put it in a somewhat difficult way, whatever assets are in the background, they are evaluated by replacing them with liquid assets, and the valuation is incorporated into the "credit" of the currency of the present invention.

(2) Credit Creation Chain Reaction and Benefits of Currency Holders The purpose of the currency of the present invention is to build a credit creation chain, but both credit providers (investors) and beneficiaries (fund lasers) Without a profit-making mechanism, I would attribute it to a picture mochi. The pursuit of rewards is the largest and, in fact, the only motivation in a market economy that expresses value in currency.

First, from the perspective of investor merit, investors can expect a double increase in the value of the currency of the present invention and a return on investment in receivables.

The value of the currency itself = “currency interest rate = rate of interest in terms of itself / own rate of interest” is derived from the liquidity l of the currency and exceeds the “self interest rate” of other goods and services. For the first time, it was Keynes who engineeringly demonstrated that it could maintain its value. (Incidentally, one of the major reasons why the last Samurai government in Japan collapsed was that the self-interest rate of rice, which was provided in kind as a salary to Samurai, was reversed from that of money.)

(A) The purchaser of this currency (first credit provider) purchases this currency via universal currencies (USD, bitcoin, etc.) (stakeholders).

(B) The currency will be exchanged for a secondary local currency that can be used interchangeably with the local currency in the specified currency area (Interoperable), and the stakeholders will hold the currency as a receivable to the credit beneficiary.

(C) One of the biggest features of Structured Currency, this currency, lies in the product design of the secondary local currency itself. The secondary local currency consists of three positions: credit (credit), cash and investment (credit), and users can use the three positions according to their portfolio. For example, use it as a loan at first, and as cash as the cash flow turns. (It is easy to understand if you think of it as an electronic credit card or debit card.) If more funds are accumulated, the beneficiaries of the credit will be credited to the local third party (the nth credit provider) at a predetermined ratio. Can be relocated (Option). The credit beneficiary takes over the role of credit provider.

(D) The stakeholders of this currency can receive a certain percentage of rewards from the nth lender in addition to rewards derived from interest and settlement fees from the primary lender. In other words, the unique advantage of this currency is that ordinary loans receivable return with the maturity of the receivable, whereas the second credit beneficiary, the third credit beneficiary ... (Chain Reaction) can be expected to generate cumulative and cumulative investment return income. One theory is that it is easy to understand if it is close to a model of popular finance, such as Moai or Yoritomo, which is said to have originated in the vicinity of China's Fujian Province. In addition, it is thought that the exchange value of the currency itself as an asset will increase because the liquidity premium, which will be described later, will increase due to the synchronization with credit creation and the currency itself will increase in value.

(E) Actually, however, the above-mentioned secondary currency product design, including whether or not Option is adopted, will be implemented in accordance with the laws and regulations of the currency and secondary local currency sphere.

By the way, it is necessary to reconsider the phenomenon that is familiar with virtual currency, in which the value of currency increases, in fact. However, since known virtual currencies are not worth the credit backing, there is no option to enjoy the increase in currency value except to sit on the roller coaster box and ask the speculative mood.

However, it is surprising that fiat currencies do not have a mechanism to raise the monetary value itself. Rising prices, the value of commodities, have a spillover effect on the supply of commodities, and create jobs by investing in increasing future supplies. Slow and sustainable inflation is the goal of economic policy. In this process, the bargaining power of money, or currency value, gradually decreases. The currency depreciation rate ΔC is equivalent to the inflation rate ΔP. Currency holders do not have the advantage of holding currency, but rather it is the right economic act to abandon the currency and buy something and turn it into real assets. Conversely, deflation reduces the price of goods and gives up money, and if you are spared, the value of money goes up.

Saving, that is, obtaining interest (rewards) by lending to a third party is another merit, and must be considered separately from the upper and lower currency values (the mechanism of interest rates in the current currency will be described later) .). Deflation curbs investment and balances interest rates. In fact, this seemingly obvious and unquestionable paradox hides the structural contradictions of the current currency. This is one of the points where the present invention currency greatly differs from the existing legal monetary system. The currency of the present invention is designed so that the currency itself proliferates due to the expansion of liquidity and cash flow that occur in tandem with the credit share. The working principle of currency and its value can be defined as follows: Change in currency value (ΔMv) = Change in transaction by currency (ΔMf) + Reward (or penalty) for transaction growth rate (or depreciation rate) Mi,
ΔMv = ΔMt-ΔMf + Mi.

In the currency of the present invention, the value of the currency held by the currency holder increases as bargaining power due to the circulation of the currency, ie, increasing demand → increasing the opportunity for using the currency → increasing the opportunity for using the credit, and increasing the nominal value of the currency. The principle is that rewards are added in a way that each person can recognize. The change in currency issuance (ΔMf) is equivalent to the inflation rate (ΔP). Mi is a redefinition of what Keynes called the currency's interest rate. Once again, the increase in the amount of currency issuance ΔMt is, in itself, only losing value due to the price increase ΔP, and the increase in transactions (including the increase due to credit) in response to the increase in currency and the reward for it (demand for currency) Only increase the value of that currency.
Fig. 17 shows an example of credit provision and accumulation of rewards using electronic currency.

L Creditors and credit beneficiaries can be applied from literal person-to-person (P2P) to corporate-to-corporate or any scale, for example, Russian state-owned banks and developed countries. One of the greatest features of the currency of the present invention is that entities with centralized hierarchies, such as banks and central banks, are actively involved in distributed systems as node holders. Trust mechanisms do not suddenly spring from nothing. Only the money that is actually circulated as a business practice can express credits in a discriminating way. There is no reason to eliminate the existing credit system. Therefore, banks, microcredit leaders, rating agencies, and value firms will equally participate in the network scheme.

The technical backing is a high-speed processing platform of over 8000 / sec, comparable to VISA and MasterCard. Reasonable scalability is indispensable to respond to the daily lives of people who need money from all over the world, but this is made possible by sharding that separates the inside of the network and performs parallel processing for each group. A new consensus decision mechanism (Proof-of-Believability).

The other point is that the key difference from conventional cryptocurrencies is the purpose of sharing credits, so you can trace the flow of money with non-anonymity. Although the issuance of currency itself conforms to the protocol and the procedure is transparent and continuous, the issuer is an entity under the Companies Act and is subject to all relevant laws and regulations. That's why you can partner with a local bank or financial institution.

(3) The two layers of the currency Again, once again, you may find it strange that a currency is a two-layer structure consisting of two components or two layers. But is that true?

As quoted earlier, in 1692 J. Locke defined currency as two layers, one valued by Exchange Rate and the other valued by Interest Rate. It is truly amazing to point out the duality of currency values so simply and accurately, but it is not surprising that he considered the phenomenon of currency as a natural rule from a transparent perspective .

Presently appearing in textbooks only as a philosopher of "human enlightenment," J. Locke was not only involved in establishing the Bank of England, the oldest surviving central bank in the world, but also He was responsible for revising Boyle, the founder of thermodynamics, for the General Description of the Air, which suggests that he had the qualities to regard currency as a natural rule.

Conversely, over the next 328 years, economists and policymakers lazily affirmed the current currency system, overlooked the independence of the two layers, and left the economy in turmoil because of monetaryism. It is all due to the cloudiness of the glasses that did not regard the system as a natural rule. (Excluding Keynes and Gezer)

We buy bread and coffee with money and go to the movies. If you buy a café au lait (hot) at Starbucks in Shanghai, it costs 35 yuan. The renminbi is exchanged for dollars at 6.9 yuan, so if you pay it in dollars you will get $ 5.07. Money originally has two layers, a layer that can be exchanged for real goods and services such as cafe au lait, and a layer that can be exchanged for other exchange means such as dollars.In fact, the value of the currency indicated by the two layers There is no significant causal relationship between them.

The price of cafe au lait remains the same for those who buy in RMB, and only those who buy in dollars face up-and-down movements. If we try to enter another currency area with foreign currency, we will inevitably face the duality of a currency's nominal surface value and real real value. Just to conclude, first, the two layers represent the currency as floating and the currency as stock. And the flow is attributed to the present value of the money, and the stock is attributed to its future value. The two layers are the "operating principle" that governs currency. Many economic turmoil in the world is largely explained by the ambiguity of the credit structure, where money is a credit with the credit provider (currency holder) as the creditor, and the confusion of the two values of currency.

For example, when the IMF issued the SDR (Special Drawing Right) in 1968, Emminger, the governor of the Central Bank of West Germany at the time, called it a zebra, but it wanted to balance the exchange value as a flow with the credit value as a stock. I did not praise it. Let's take a closer look.

ています We know words as a tool to express value other than currency. For example, people in English-speaking countries will have the image of the word LOVE, which will inspire some emotion. At the same time LOVE is translated into Chinese love. But love and love do not necessarily represent the same value. On the contrary, in the United States, Smith and Trump have different values for LOVE, for example, there may be LOVE that can be purchased easily by opening a beauty contest. However, LOVE still expresses a certain value and can be exchanged for the foreign language of love (in other words, it can "settlement" the personal value embedded in the word LOVE). The vector has two layers. (The duality of words is a concept defined by Saussure as Sinifan-Signifie.)

There is another perspective, which can be easily explained using the methodology proposed by Saussure. Timekeeping and synchronicity. In other words, it can be replaced with the difference between Medium なら of exchange and Storing value in a layer based on the time axis, which is easy to understand like conventional currency theory. What you can buy today for 100 yen will be different from that in three years, which is the same as that today's love also usually changes in three years. But what currency and language have in common is the ability to hedge against this chronological value difference, rather than just neglect it.

The overwhelming excellence of Saussure's linguistics is the only way to determine, display and preserve value (corresponding to the three major functions of currency) without a two-dimensional layered structure It's the point that shows you what you get. It is an illusion to think that value can be displayed in a concentric circle that can be made in one dimension.

ビット Bitcoin, which aims to be a universal settlement currency, does not have such a two-layer architecture, as if it were trying to express LOVE and love in Esperanto. In addition, the value changes only depending on whether it is LOVE or love, and it does not have the power to hedge the chronological difference.

発明 The currency of the present invention exactly represents the secondary value of the currency as two different components. These two can be said to be similar to banknotes and gold in the days when domestic currency was paper money and settlement of foreign trade was done in gold. However, the currency of the present invention is gold with banknotes.

(4) Differences from stable coins Some virtual currencies can be used in the same way as existing currencies (for example, dollars) and aim to be stable coins with built-in mechanisms to suppress price fluctuations. Methods include (a) adjusting the supply and demand of the issuing currency using the deposited proceeds, (b) collateralizing or pegging a specific fiat currency (USD), and (c) tangible realities such as gold and oil. Either linked to assets, or a hybrid of the three methods.

Fig. 18 shows a comparison between the stable coin and the currency of the present embodiment.

First of all, currency is not simply a game that determines its "price" from supply and demand. (A) How much credit can be given to "effective demand" (b) As mentioned above, whether liquidity, which is the source of its relative value over time, can be maintained more than other goods, and finally --- this is what Keynes overlooked. A type of decay in value that occurs irreversibly because of credit (for example, a 50-year bond is a function of time given the risk of being settled in 50 years due to its long-term nature and long-term retirement during that time) Is evaluated to be extinct) to maintain the macro value of the currency value by defining the currency numerically from the three parameters and installing its own algorithm on the blockchain as DApp (Decentralized Application) Is the last feature of this currency.

信用 The value of this currency is guaranteed by credit, as stated repeatedly, but all values originating from credit change constantly. The previous POE is also the protocol that engineeringly defines this credit value. In contrast, pegs to fiat and gold are nothing but anachronism that goes against the history of currency development. Both fiat currency and gold are merely factors that amplify, not stabilize, the ever-changing credit fluctuations. Is there a chaotic situation over currencies?

(5) Gesell's Stamped Money and This Currency as Anti-Entropy "The Minister of Finance has successfully created millions of deficits again. Therefore he has contacted the (central) bank for public debt and now constantly I'm waiting for a visit. "—S. Zegel (Monetary Reform)

In 1919, Silvio Gezel, the first Minister of Finance of the Republic of Bavarian Republic (Bavarian Soviet Republic), said that the currency had to be a proxy for goods, a passport, a waybill, a price tag, and if the goods rusted, the currency was also a proxy. He claimed rust, a balance between goods and currency on the balance sheet ("monetary reform"). Then he issued a Stamped Money and tried to issue money only worth the stamp within the expiration date of the stamp. We cannot help but respect Gesell. The basic idea of the currency of the present invention, "Give credit to effective demand," is his statement of "adapting money in a direction that interests individuals directly in accelerating the exchange of goods (" nationalization of money "). It is located outside of the design philosophy, and rusting currency is Gesell's patented technology. Gesell's rust = depreciating currency (sometimes a classical molecular atom, not thermodynamic joules) ceases to be an agent of demand, drops out of distribution, abandons exchange for goods, and retires As a penalty for the currency. The currency that has ceased trading should be disposed of at the sewage treatment plant as feces. (Although Freud et al. Suggest that currency preservation is derived from feces-anal love, especially with respect to gold, but no parameters that could be verified technically could not be found.)

通貨 The currency of the present invention is different from Atom in that it aims to stimulate profit motives and actively utilize rewards to currency holders for more rapid circulation of the currency and share of credit. In terms of fluid engineering, the currency of the present invention aims to eliminate the random distribution and spread of currencies, and to clarify the vectors using a circular network. This will be explained in more detail.

Gesell couldn't run Stampedneymoney as a finance minister, but if he did, he would have been a beehive by bankers and other currency holders who are vested interests. If you are arrested for national treason, you are lucky. In order to bring back the normative portion of the currency that Gesell considers, such as transaction settlement, product value indication and the associated demand creation, it is not necessary to strip off the profit motivation to have a currency and the background interest. (Again, the dangers and adventures are too great.) In order to avoid currency and credit turmoil, it is better to give more reward than interest and a wealth effect that can withstand the volatility in the market is.

我々 We need to emphasize this again. The currency mechanism advocated by the currency is no other than a scheme in which the currency gains more wealth by acquiring and exercising, and furthermore by itself synergies with social benefits. A scheme to level income through strong income transfers, as proposed by Pickens (conversely, the Japanese Ministry of Finance prefers reverse income transfers, such as the consumption tax increase, which pours water on currency = consumption = currency) There is no room for any malice to try to morally reject the act of money producing money like a medieval church.

Going back to Gesell, he denied the permanence of the currency and the view of the currency since Aristotle that it was backed by internal values like gold.

However, as we have already seen, money is useless without at least the ability to maintain value. In other words, there is no persistence but continuity. What does that mean??

頭 At the beginning of the text I mentioned that bitcoin is a kind of “energy currency” that is a variant of electricity (or tertiary energy). According to the law of conservation of energy, money is nothing but energy if the value of money is immortal.

価値 The value displayed by money is expressed in the vertical and vertical directions, which means that money has potential (potential) energy at different heights. The value of a product is indicated by distinguishing the energy level of this potential energy. The distinction itself is important, unlike money, which is also a means of expressing value, for example, in that money distinguishes goods (goods) more competitively and instantaneously (simultaneously). And, "It's important that the size of the distinction is important, not the content of the distinction" (Claude Revistrose "Pancesovage"). Naturally, there is pressure from the product side to oppose the potential energy of money. Conversely, without the power of money, the potential energy, that is, the pressure symmetrically received from a product whose value is not determined, comes from entropy (pressure entropy). The pressure entropy of a product is the sum of the entropy generated in the manufacturing, distribution and inventory processes before it is settled in the market. When you buy a product with money, the money exercises its potential energy, eliminating the entropy of the system by bringing the product into market order. Money literally did "work" there, and how much work was done is measured by the amount of effective work. (See FIG. 19)

If you look at this not from individual products (goods) but from a macro perspective, it is as follows. The market is a thermodynamic system that exchanges an unspecified number of demands (currencies) and supplies (commodities). (Refer to Currency and Commodity Exchange Scheme 2.) If there is no currency, there is no transaction (Case 1), and the currency forms a transaction, and forms a currency area with a certain capacity (equivalent to national income) (Case 2). ). Now suppose you double the amount of currency. There are several possible scenarios. (Case 3) is the case where the supply (commodity) does not change even though the currency amount (demand) has doubled. The size of the currency area remains the same, the currency value is halved, the equal price is doubled, and the entropy is increased by expanding the range in which the price of goods is distributed. Inflation. On the other hand, in (Case 4), the increase in the amount of currency (demand) is proportional to the increase in the volume of the currency area. By the way, capacity / transaction (sum of pressure) = temperature. The order has been reversed, but rather the individual transactions can be explained in that the monetary system is a macro system.

Now, let's see what entropy represents. Entropy is often described as a unit of disorder and disorder, but from the point of view of S = dQ / T, it seems that Clausius wanted to raise positive work efficiency. But since Newton, physics has evolved to be accompanied by utilitarianism, or simply to be able to represent the profit and loss of things. Here we define entropy as spontaneous, irreversible (heat) loss. Words such as the degree of randomness disorder, or the state of the distribution with high probability, are too poetic. The essence is a decrease in work efficiency and a unilateral decrease in the cause of Th-Tl. For example, if the classical economist Say's model, all commodities are consumed by consumers and all their savings go to investment (as we will see later, this is done by "socialism"), There was no room for "irreversible loss", or entropy, because of the scheduled harmonic equivalent exchange.

１９ Figures 19 and 20 show explanatory diagrams of exchange schemes (micro and macro schemes) for currency and commodities (goods).

代入 Substitution of the credit mechanism of the currency of the present invention is as follows. A currency, which is itself a medium of credit, allows its creditworthiness to be exchanged for goods (goods) equivalently, and bridges its value over time. Energy P × T (price × transaction) of money is consumed and the entropy of the system decreases. The term system used here refers to an exchange system (monetary system) that expresses the value of goods using currency. In other words, the creditworthiness of a currency is not a transcendental internal value at all, it is a proxy for demand, or a time-series value, as if it were the first "work" due to the transfer of heat. This is only achieved by reducing the pressure entropy of the product in a way that determines That's where the next question Gesell raises.

信用 Substitution of the credit mechanism of this currency is as follows. A currency, which is itself a medium of credit, allows its creditworthiness to be exchanged for goods (goods) equivalently, and bridges its value over time. Energy P × T (price × transaction) of money is consumed and the entropy of the system decreases. The term system used here refers to an exchange system (monetary system) that expresses the value of goods using currency. In other words, the creditworthiness of a currency is not a transcendental internal value at all, but is only demonstrated by reducing the pressure entropy of a product on behalf of the product or by determining its value in a chronological order. It is. That's where the next question Gesell raises.

What is the currency left behind in the market after the goods have been used and worn out? Is it possible that creditworthiness is no longer a proxy for products, but that it is maintained brilliantly and brilliantly? Does the potential energy of money boil infinitely when consumed or consumed? In other words, is money even without "work"? Gezel, on the other hand, reveals the thermodynamic truth of currency with unprecedented clarity. Again, according to Gesell, currency is a proxy for goods, and as long as goods rust, so should their currency.

だ If so, it can be understood that money performs the same function as energy and does "work" exactly according to the amount of potential energy, but it is in fact similar to energy. It is natural to think of money as the negative entropy (-E / T) that Schrodinger raised in 1944 in "What is Life?" (Personally, I would like to say anti-entropy rather than negative entropy Negaentropy.)

In other words, it is the same as the food required for living things to live. While the energy is unchanged under Newton's protection, the negative entropy changes spontaneously in a decreasing way, ie it rusts as Gesell says.

However, this physical quantity of negative entropy is hardly known to the population, and at least given its effective work amount, its basic function is not different from energy, so for the sake of convenience, we will continue to consider money as energy To

Here we move on to the next question. Today, in light of the situation in front of us, the currency's cyclical investment cycle, trying to sabotage the work in the market where currency prices commodities and to increase its value on purpose. Should we interpret the current situation that is falling into For example, short-term funds that are exchanged daily are about 500 trillion yen, easily exceeding US GDP in four days. Following the operating principle of money, it is said that what exchanges negative entropy is the positive entropy of another piece of money itself.

As you have seen repeatedly, the value of currency is credit. As long as it is trust, its credit changes as a function of time. That means, regardless of whether the currency's bargaining power persists, rises or falls, or tilts to either side, at least it changes irreversibly. Currencies that can exercise potential energy by acting on behalf of goods, by dropping out of circulation (unless burned = burned), this time reduce credit fluctuations, ie, negative entropy (anti-entropy) Entering the cycle, the decrease is equivalent to an increase in its entropy.

For more conclusive evidence, if you prefer, you can buy bananas with money, but not (at least unconditionally) with bananas-this is the irreversible process of defining entropy That is self-evident.

The entropy that money falls into its circulation was pointed out very early by Adam Smith early in the 17th century (of course before the thermodynamic concept of entropy was advocated): Given the currency circulation required for the country and £ 40,000, what happens if £ 44,000 is issued to a bank? What happens is "return of money". The surplus £ 4000 will be forced to return money to the bank. This is Adam Smith's answer. Assuming that a country's national economy is closed, a surplus of £ 4,000 worth of credit or “money” equivalent to returned goods out of circulation and becoming illiquid assets is exactly the product of entropy. is.

Adam Smith even mentions the engineering role of gold. At that time, gold was also a currency exclusively for trade, so the entropy of the currency was discharged out of the system (currency zone) as a payment for the trade price in the form of being exchanged equivalent to gold. The decrease in entropy in a system (although entropy is more amplified in systems outside the sphere) is called credit crunch, or deflation as a first-order approximation. However, since the value of gold comes from tote logic as it is used for currency or it secures currency, it has gradually turned out that gold is also a fiction. When the IMF was established, it was one of the best that allowed only the purchase of gold and not the sale.

The gold standard and the significance of its collapse are actually there. The exchange process of goods, money, and money was a system that absorbed and eliminated the entropy of money. The dollar exchange in August 1971 absorbed all of the credit surplus into the commercial value of oils, toilet paper, scourers, etc., leading to frenzy inflation in the early 1970s. So it's not an oil shock, but an expanding Nixon shock.

今日 And today, gold has already disappeared from our eye markets, and the entropy of money, for its destination, has to turn to money cyclically. For example, currency speculation has been around since the days of Keynes, and large amounts of hot money have attacked pounds and other exchangeable currencies. The dollar shock (1968) is one of them. The important thing is that while speculation on gold seems to increase the value of gold at first glance, this is only a deceptive picture and is actually a dollar, that is, speculation with dollars or money to reduce the value of money It is just a point. The money itself is making up for it, as entropy has increased and its value has been eroded.

The currency loses the opportunity to settle goods and services (the rise in commodity prices no longer absorbs the decline in currency value) and the currency itself is subject to currency profit motives--the money game and its consequences A bubble is no process other than swapping the energy consumed of a currency with the entropy of the currency. The problem of wasting the potential energy of the currency on tote logic is not only that the currency deviates from its original circulation, but also slows down the flow of money in the real economy. The superficial gain is paradoxically, in fact, equivalent to the impairment of the currency value.

The instability of the system, that is, entropy, inevitably increases. As long as the currency carries credit, the time will be damaged as a function (regardless of the nominal amount). The easiest and most rational way to lower entropy is exactly Gesell's way of reducing the creditworthiness of a currency over time.

The concept of fiat money is a sign of charterism, and its value comes from state guarantees and its irreplaceability. It was Keynes who brought out the concept of irreplaceability, and Keynes positions it as a component of the self-interest rate that determines the value of fiat currency. The wise Keynes's suggestion will sway us. It is the idea that the state might use legal force and throw it away on Mars through off-site entropy trading, but rather this type of illusion is still widely supported. However, Keynes followed Adam Smith in a single isolated currency area, specifically Britain-first. I just did not imagine that pounds would be the only game, and dollars could of course be replaced by euros or yens.

We will summarize the deficiencies in the current central banking system later, but the fluctuations in fiat currency credit are due to the former Fed Chairman Bernanke from the helicopter hitting the cliff (Fiscal Cliff) with a lump of dollars. It does not only occur locally due to overuse of the rotopress. In other words, it is not just a matter of normalizing fiscal spending and overprinting, which were originally urgent measures. The arbitrariness of currency issuance, or more simply, only the central bank can make a discretionary decision on money supply, and the asymmetry in the information itself that users (consumers) cannot participate in it is damaging the credibility of the currency Is. If we can use fiat currency with confidence, it is possible to buy bananas for 200 yen per bag and strawberries for 500 yen per pack, just because of the experience that currency has infinitely displayed value and the accumulation of huge price list. Because, the supermarket clerk will receive the 200 yen you paid. That is one point. If anyone checks the manufacturer (manufactured by the National Printing Bureau), it's a very minority metamorphosis.

Charterism, that is, whether or not a state recognizes the credit value of a currency, is itself a mere legal fiction and has nothing to do with the quality of credit. In currency, the state is a printing factory, and printing technology and the quality of credit are not directly proportional. And the amount of credit circulating in the market, or the money settled in the market, differs greatly from the total face value of printed bills. Printing technology is just a clever trick to distribute paper that costs 200 yen at 10,000 yen, and this is exactly where entropy originates.

Currency credit comes from one point: whether it is interchangeable, and only the approval of both the credit provider and its recipients results in "live" credit. It is the only task of the state to ratify and further protect (market) based credits (for example, to maintain Hard Money in the old days by conversion with gold). Regrettably, as history has set a record, the state has established exclusive monetary rights and created credit outside of the marketplace against the background of the overwhelming asymmetry of information. Or they have driven good money into bad money.

On the other hand, J. Locke, the son of the Puritan Revolution, said, "When the innate human rights are violated, the people have the right and obligation to eliminate or change the government." You will probably not oppose extending rights to money.

In reality, the currency value is determined based on the long-term debt burden of the nation, which "successfully creates millions of deficits again", and a large amount of bankruptcy by means of a kind of financial sequestration (storage is the most vicious attack Gesell attacked) The people are compelled. (Of course, this takes advantage of the asymmetry of information between the depositor and the lender, and makes it their own margin --- it is clear that this is different from the reward in this currency. Cooperation is essential.)

This is in contrast to fiat currencies, which have a limited number of issues, in the case of gold, where resource finiteness is the bottleneck, the collapse of the gold standard, and the inability of gold to substitute currency as an absolute value standard. It is due to the asymmetry of that information. For example, China is currently the country with the highest gold holdings, but the amount of gold it mines from Uyghur is entirely up to the discretion of the Chinese government, a supplier, which reflects market prices. Yes, the Fed doesn't know the amount or participate in the output determination process.

In a nutshell, if money is determined from the value of gold, then who decides the value of gold? If this were money, it would become a tautology again, and gold would no longer be the exit that drains the entropy of money.

However, the fact that the value is actually determined by the market rather than by the state guarantee, that is, the bias by the issuance of public bonds, means that, as shown in the plots above, more than legal tender has a real currency.

Finally, we will request another witness from history. It is Isaac Newton, who took over the British Mint in 1696 and served as director for 27 years since 1999. Newton defined himself as a macro-physical law, using "the law of conservation of mass" and "the law of inertia" to guarantee the thermodynamic identity of gold in pounds. A gold standard was established based on gold coins. He is just one currency inventor. Newton thus made the London child believe in the continuity of the nominal value of pounds pegged into gold. But in fact, this is a Newton-class trick, he knows that the value of gold changes reversibly, and understands that it can easily change with the discovery of new gold mines and changes in mercury and dissolution energy costs. was doing. The value of money changes reversibly according to the value of gold. He purchased a large number of alchemy documents in 1669, when he was appointed director of the Mint. It is also known that while playing the Mint on the front, he was immersed in alchemy on the back and an abnormal amount of mercury was detected from his hair (Spargo). It is a fact. In short, he knew that gold was a value that could be manipulated asymmetrically.

On the other hand, he suffered a heavy loss in the South Sea Bubble (£ 20,000, and the auditor's annual salary was £ 415), but his purification of Guinea coins reduced his face value by 1.5 pence, As far as I know, no one mentions the considerable causality of. Naturally, the value of the product has increased by 1.5 pence without any new supply.

It is Newton's will to attribute Newton's lost 20,000 pounds to "the ignorant and primitive mass enthusiasm", a static classical physics against the (= bubble) due to the manifestation of irreversibly increased currency entropy It is nothing more than an indication of the limits of learning.

Currency determines the value of goods and services competitively. Since the origin of competitiveness stems from the uneven distribution of information among competitors, that is, asymmetry, if there is a difficult asymmetry in the currency itself or its operating system that eliminates this and realizes equivalence, The working principle does not work. Asymmetry is like comparing a wall or a large container with different temperatures and pressures on the left and right sides of the wall, outside and inside the container. The currency's job is to remove the temperature and pressure differences created arbitrarily by these walls and vessels.

The most elegantly applied classical physics represented by Newton to currency is the famous Fisher's equation MV = PT (where M = money stock, V = circulation speed, P = price, T = total transaction volume) Reminds me of Charles Boyle's law. Earlier I explained the exchange of money and commodities in individual transactions from an energy perspective. So what is the total energy in one currency area? This is exactly what Fisher's MV or PT shows.

However, there is a nearly two and a half century time lag between Boyle's law and the Fisher equation, and despite its aesthetic beauty, we hit its limits in the following ways:

(A) Price (P) is the value of goods. Originally, in order for the equation to hold, it is assumed that the value Mv of the currency exchanged for the value of the thing is constant, but there is no variable called Mv in the equation.

(B) Price (P) is of course the price of goods in the real economy and includes wages, which are actually the price of labor. (This is important.) However, it does not include any impairment of the value entropy of the value of money, or the external economy to maintain or maintain the monetary system, to emit or dispose of the entropy of money.

In short, Fisher's beautiful equation describes the equilibrium and static state of a monetary sphere (system), based on the assumption that the value of money is always constant (reversible). Irreversible changes (like Newton) are not factored in.がない There is no S = dQ / T. The defect of this formula is, for example, assuming that P = T / MV is derived from MV = PT, and if this is rewritten as ΔP = ΔT / ΔMV, the transaction volume × distribution speed is simply inversely proportional to the price increase, so it is easy to understand. I understand.

Another variable in Charles-Boile's law that is not in the Fisher equation is V = volume, which is the relationship between the national income we are familiar with and the economic pie we read. ) If there is an ideal real economy, for example, it is effective in an isolated system that can effectively eliminate entropy generated from the monetary system by the former money, and the effective value of the currency = V = Expressed simply and clearly as 1 / P.

恐 It's a pity to reinstate what is already over, but the proof that money has its own value, and in fact everyone knows, is inflation. If V = 1 / P decreases, P increases in inverse proportion, which is easy if you think of inflation, and even if the "price" of a pencil increases by 10 times to trade an eraser and a pencil, the eraser is 1/10. The total price of the "product" is unchanged. If the money was simply snuggling up to a pencil and eraser and displaying the value of each in a toilet bowl, the four letters of inflation would still not be in economics textbooks.

1.3 What's Distributed Central Banking?
(1) Three major issues of the central bank system Next, I would like to see the difference between the central bank-bank and its currency issuing mechanism and credit creation mechanism.

There are three problems with the credit system that uses the central bank as a currency issuer.
(A) The structural paradox of the system design itself, (b) Conflicts of interest mixed in the operations of the central bank, (c) Interfaces between different currency zones, (a), (b), (c) ) Is a compound problem.

In addition, here, we will consider FED (Federal Reserve System) as a part of the engineering as a central bank that includes the ECB (European Central Bank). The Federal Reserve System of the United States, launched in 1914 based on the 1913 Establishment Act, is legally different from central banks in other countries, but appeared in the 17th century in financial engineering design The Fed is not the Swedish risk bank or the Bank of England, but rather the current central bank model.

Figures 21 and 22 show a comparison diagram between the central bank model (Figure 21) and the P2P network model (Figure 22). Figure 21 shows a credit creation model with a central bank as a currency issuer. FIG. 22 shows a credit creation model by the P2P network of the present embodiment.

(2) Structural paradox of the system design itself First, once again, remember that the currencies issued by the central bank are interest-free and indefinite-term bonds, and that currency holders are the true creditors. In other words, the credit provider is essentially a depositor. Not at the central bank. Looking at Scheme A, the path between the depositor and the borrower, until the realization of credit creation, which is supposed to occur symmetrically and simultaneously with the provision of credit, is so distant that there is redundancy. Can be seen. As a scheme to mitigate this redundancy, an asset supply pipe from the central bank to commercial banks is connected via open market operations.

There is also an interesting study (2018) by Granja, Leuz, Rajan on distance, which measures the physical average distance between actual lessees and lessors (by the way, about 600 miles in 2016). The increase indicates the instability of the financial order (surge before Lehman shock).

However, this redundancy is actually essential to maintaining this system model, not unnecessary redundancy. It is up to the depositor, who is the credit provider, to decide whether or not to use the currency for credit in the first place (you can buy clothes right away or make a close deposit). Regardless of checking account, savings account, time deposit (cancellable), it is also a system that guarantees the right to withdraw from credit at any time (the right to demand payment). If you decide whether or not to deposit, it is a depositor's liking that the deposit period may be one day or one month, or it may be forgotten that the deposit was made and left forever.

分子 The molecular motion in the gas and the behavior of the currency holder are exactly the same. You know that the air is made up of arbitrary movements of countless molecules with random velocities and vectors. Patterns related to currency holder consumption, deposits, withdrawals, etc.-In terms of liquidity, their liquidity preferences are also random, which is chaotic in the exact sense of the word.

A bank borrower, on the other hand, can be a one-month or one-year business, whether it is bridging funds until the next payday, or a business that installs a nuclear power plant to generate electricity and puts nuclear waste somewhere. If you can't use credit for a certain period of time, five or fifteen years, you can't do anything at all.

In other words, the central bank-the banking system turns credit, which is only provided randomly by credit lenders, into fixed-term credit, such as loans-into "work" in physics System model.

A bank is a system that converts the liquidity of money flow into illiquidity by taking advantage of the information advantage and the asymmetry of information for depositors. The bankruptcy of the British Overrent Gurney in 1866 was the 19th century bankruptcy of the United Kingdom and the world's largest bank. "It was a big percentage.

点 Another point is that money is lent again in a chain between banks through their debtors. That is, the money that Company A borrows from Bank B and pays it to Company C is deposited in D equilibrium, Bank D lent it to Company E, and the money that Company E paid to Company F is deposited in Bank G, Banks are ... in effect, a chain-reaction-like credit creation is performed by a mechanism completely different from that of the currency, with the reserve ratio deducted from the deposit and lending again. Most of what we think of as money is not a currency printed by the central bank, but a series of numbers (demand deposits) that are multiply receivable, leveraged and written to the depositor's passbook one after another. is. By the way, the credit created by banks (demand deposits) is three to four times the size of the "legal fiat currency" deposited with the central bank as reserves. Banks issue currency as a side effect of sales (loans).

As you can see, Bank B's credit is funded by Bank A's depositors, but they are out of the loop and this cascading credit creation is due to any willingness or behavior pattern Is done regardless. Originally, random money flows are used in triple, quadruple, and quintuple with mismatches.

Instead of synchronizing credit and creativity, there is no guarantee that mismatches will erupt (eg, turmoil, sunspot panic). In addition, for example, if credits are created by five rounds of funds, there is a risk that credit will be reduced to one-fifth in an instant. A commercial bank is a long-term system that uses funds that are always at risk of disappearing, concealing the fact from the customer (which is why the bank's thick concrete walls are needed). So, whenever a lending happens, it is not due specifically to the banker's sly humanity, as in a TV drama, but to the engineering contradictions of the banking system.

System redundancy is essential because the model sorts the motion of random molecules into a hierarchy of molecules at a constant velocity and vector, and does the "work" for molecules that will not return to the original random motion. Because it is a kind of dissipative structure that is just letting it go. Since the velocities and vectors of the molecules in the system only follow the probability distribution, the system does not work without securing the redundancy.

Like chaos theory, this is the root of the wonder that one US investment bank lost about $ 100 billion in sub-prime mortgage in 2009 systemically. In addition, liquidity risk and credit risk come hand in hand with reverse leverage. The bankruptcy did not cause any risk, but a certain risk had previously collapsed and became apparent, so even if this kind of event became a regular event, it would be correct to close it with the current central bank-banking system It is the road.

At the beginning of this patent, a bank note (bank note) is a commercial bill secured by the actual value of money in the market of money, and individual value display according to individual commodity transaction demand, individual commodity, individual payment Was stated. One thing to keep in mind here is that the currency, which was originally a clear secured debt by the issuer, has abandoned convertibility into gold, and the currency holder The point that has acquired randomness. This would never have happened in Scotland in the time of Adam Smith, when the currency was a time-limited, interest-bearing receivable, meaning that the currency was flowing under a well-defined vector. ). The distortion of the credit sharing mechanism that has been repeatedly advocated in this embodiment is leading to the current inefficient money flow.

However, banks that issued BankBaNote on the premise of the convertibility of gold will eventually be transformed into a systematic bakuchi that defaults at the same time if the optimistic outlook that customers will not request exchange for gold collapses However, the model that uses the current demand deposit as a substitute currency basically follows that model.

Institutional technical measures to mitigate this (macro bluedens regulations) have been adopted. Indeed, the Federal Reserve was established with its initial objective of managing its reserves, insurance, raising its equity ratio to risk assets, and investing in high-risk securities from demand deposits under the Dallas Stealth Act enacted in 1933 after the Great Depression. It was for the same purpose to forbid the diversion. However, it seems that the doors of the wobble building that is only on these liquefied grounds are well built, or that the naked king hurried and only the pants were left. Regulations on banks also only help shadow banking reappear like mushrooms after rain in the bank's backyard.

However, more remarkably, this redundancy-based approach does not expand the system to increase the amount of currency (banknote issuance, money flow, monetary balance) in order to provide liquidity and credit. It is a point that does not get. It is the exact opposite of having a ceiling on the amount of Bitcoin issued. Austerity is evil that causes deflation. That's why the monetary system in front of us today is just expanding. Of course, the side effect (inflation) may haze in mind, but is the biggest threat to the central bank governor is the avoidance of a liquidity crisis, and the exercise of the exceptional emergency right referred to in Article 13.3 of the Federal Law? It looks like

Then, what is the energy = energy that induces such random molecular motion into a kind of dissipative structure in the first place? It was, at least in the past, an asymmetric information advantage over the depositors of banks, which are credit intermediaries. And the monopoly and oligopoly of capital rather demanded the asymmetry of information. (Socialist economies are more straightforward: the state has monopolized and "distributed" capital.)

Originally, this is a business model in which an intermediary fee called “interest” and a risk premium are interrupted between the provision of synchronizing credit and its creation, and the difference between its own profits is distributed to depositors. From the Middle Ages to the early modern era in Christian society, no one in this modern world would feel strangely criticized for this view of interest. For a banker, what is the interest rate? From the marginal profit table of the bank itself (not the customer), the cost of raising funds (C), the allowance for loan losses and the risk rate (R), and the yield from alternative management methods other than lending (A) With that in mind, you should maximize as much as possible.

Is interest the intersection of supply and demand between funds (savings) that can reserve their right to use and capital investment using them? Or is the total money stock relative to demand-based money mentioned earlier relevant? And is interest automatically distributed by God's invisible hand?

However, the above interpretation of interest rates as a micro-game between direct lenders and borrowers cannot explain today's ultra-low interest rates covering developed countries. Keynes points out that interest also affects marginal efficiency of capital and limits it as a cap, but the marginal efficiency table of capital does not dominate interest. If interest rates are merely a profit model created by the wisdom of bankers and central banks and commercial banks can work together to determine interest rates, despite being declared one of the leading post-war economies in the headquarters announcement, It should be possible to avoid a situation in which interest rates run out and bankers are forced to restructure.

Keynes called interest as a complex, because interest is a different hourly function, so the interest rate tracks each period that holds the right to use that money. Kinetically, interest is simply described. That is, the exchange ratio of liquidity and illiquidity. Time dependence of interest rates generally stems from the fact that time is the primary measure of illiquidity. On the other hand, fluidity is also expressed by speed (rotational speed). Thermodynamically, it arranges the currencies in a random state regularly, and expresses the gradient and the speed that reduce the redundancy of the system. It is the inverse ratio of entropy (Inverse Proportion). Therefore, if the supply of currency amounts is accelerated, interest will decrease, but this theory implies that negative interests cannot occur as long as there is (original illiquidity preference = investment preference).

If the variable interest is functioning properly, then liquidity (L), illiquidity (NL), currency amount (M) and interest (i) are The slope must be expressed as i = (ΔNL / L + NL) / ΔM.

But at the same time, for the depositor, bank interest is also, as Keynes said, a guarantee of patience, which suspends the exercise of money for a period of time, a pleasure of risk and uncertainty, or a psychological " The price of money remains the same.

It is clear that interest is the pressure that tilts a stochastically random currency movement in a certain direction and its duration. Using the central bank-bank-borrower's serial model to entropy the redundancy used to bridge the supply-demand gap with the lender (credit provider), interest becomes a random movement of currency to work (effective demand). This is the effective operating pressure to be diverted, and works in a direction to reduce entropy. On the other hand, redundancy can be translated into the cost (external economy) needed to liquidate money. It is a physical quantity that correlates with the degree of currency departure from real transactions and the decrease in circulation / rotational speed T.

The current serial currency issuance system, with the central bank at the top of the hierarchy, is constantly exposed to the cut-off list of money flows in its system design. Disruption of money flow, which is called by the name of the crisis such as credit crisis or depression, is unique to this system.Dimensionless open market operation is also just a pain-relieving steroid, and drastic coping is a system structure. Above, does not exist.

Because current models can only provide liquidity in a way that departs from the primary role of currency in supporting transactions and discovering demand. As can be seen from the attached scheme diagram, it is clear that the originator and the recipient of the trust have a long path, and the two are linked in a manner that asymmetrically blocks information. Above all, the matching is increased by increasing the redundancy (that is, by increasing the system). Redundancy). The supply of excess liquidity is essential, money is withdrawn in the form of global excess savings, the entropy of the system rises, and at the end "useless" —towards an inelastic equilibrium. It is no longer known whether Boltzmann committed suicide in despair for the thermodynamic death of mankind, but the thermodynamic funeral of the monetary system may be surprisingly early, for example, to be seen soon.

(3) Conflict of interest mixed with central bank operations The above system is certainly redundant and even clumsy, but again, as long as it is functioning properly, currency = Provides credit and can guide transactions such as settlement. Even if the business model uses the asymmetry of information between credit originators and credit recipients, if multiple banks endeavor to provide credit in a fair and complete competitive environment, the number of credit recipients will continue to increase. The terms should be naturally optimized in the market and returned to both lenders and borrowers.

But central banks have another problem. It goes back to the issue of attribution, which is somewhat obscure.

For example, taking Japan as an example, the Bank of Japan Act, which was established by the Company, was enacted under the influence of the Reichsbank Act of the Nazi Third Reich, an allied ally under the controlled economy during the Second World War in 1942. did. As you can easily imagine, the central bank is not an independent financial institution as depicted in the scheme diagram, but a subordinate organization of the state. Speaking of Reichsbank, it has a name in history because of the extreme money game of printing paper money for government debt. In the three years since 1920, Mark has fallen to less than about 57 billionth, giving the people money and jewelry to exchange for this paper waste.

Activate real business transactions by sharing credit, balance the benefits of currency holders and credit recipients by stabilizing currency values (also known as price stabilization), a cyclical cycle of supply, demand, supply, employment, and consumption. Stabilization and gradual expansion, that is, a rise in the economy-is this the "national economic" responsibility that the central bank originally assumes? This can be seen by referring to Article 2A of the Federal Reserve Act or Articles 105 and 2 of the Maastricht Condition, which is the ECB's establishment law.

However, there is a concern that this system will fail for the following reasons. If these disruptors were built into the system, it would have to be said to be extremely conflicting with the system, that is, for the purpose of establishing the central bank.

(A) When a specific credit provider issues a currency (hyperdated money) or grants a money flow to provide credit by applying a bias by strong means.

(B) The issuance of currency is not a real intermediary of commerce; for example, it directly affects the matching of commerce and only raises or lowers the value of assets in the market. When inclined.

(C) The currency holder's credit-giving benefits (usually displayed as interest) as a result of (a) and (b) above, as well as impairment of the motivation for using the currency itself. In particular, when the return associated with credit is zero or negative, and the currency value is impaired by swapping a large amount of assets (receivables) that do not generate new returns (cash flows) with the currency.

(D) The above actions are clearly taken with the intent of lowering the cost of refinancing the debt of the "specified creditor", and this is caused by the massive outbreak of high-powered money, and the YCC (Yield Curve Control ) In other nominal terms, a financial terrorist act of catastrophic currency system destruction that substantially freezes long-term currency values and thus determines the value of liquidity (or the cost of illiquidity) as a function of time. If it is.

In Japan, there have been calls to review the laws in the GHQ era, but it seems that laws in a controlled economy are respected and respected, just like a world heritage site.

単純 There is no simple lawsuit in the country where issuing currency and buying bonds is a kind of moral hazard in self-lending (self-secured lending), bypassing Article 5 of the Bank of Japan Law. In the so-called bubble era, he said, "I have a rotary press" and borrowed a loan with my own printed golf membership card as collateral, and as a result, destroyed two of the country's first (safe) credit unions, etc. It is the same business model as Takahashi.

There are two more problems. The currency is far from its primary role of intermediating commerce in the marketplace, exchanging goods and services, and is being heavily invested in the issuance of assets (government bonds, REITs, ETFs) and trading operations. . In addition, the main asset, government bonds, has zero to negative interest rates, and the yield curve that has lost elasticity often reverses long and short interest rates.

By the way, raising asset value may seem like a good economy at first glance, but the illusion itself is that indirect effects such as asset effects and the strengthening of the bank's credit base always work on the positive side. The return that assets generate, that is, the volume of cash flow-based transactions that utilize assets, does not change at all. On the contrary, the return on asset value (ROI) is reduced (reduced yield) while attracting money flow to the consumer market, which even hinders asset utilization opportunities. The bubble that Mr. Takahashi, a (secure) credit union loved, is politically effective as long as the rate of asset growth follows the rate of wage-consumption growth, the source of cash flow. In this process, of course, Fisher's P × T (price x transaction) increases.

During Takahashi's era, Japan coincided with the turning point of the heavy industrial worker's large industrial structure, crushing factories and switching to condominiums, shopping centers, or theme parks, which became civil engineering workers and irregular financial institutions. It has only contributed to the creation of employment for the employees and the mafia responsible for land acquisition and surrounding measures, and the purchase of Vuitton bags by the employees at the destination. There is nowhere else in the equation that the wealth effect automatically boosts national income. In Japan, core inflation and real wage growth remain stuck at zero even if wealth swells.

However, even if the above (a) to (d) are suicide bomber terrorist acts that destroy the market principle itself, the profound reason to justify it may be thermodynamically hidden. .

(E) Where government bonds are the final disposal site of entropy, a framework for fixing the "uncertainty", the only black hole that absorbs currency entropy, developed countries are responsible for providing this. Bear.

Keynes is often deemed to be the patentee when deviating from fiscal discipline, but Keynes draws incentives on consumption and private investment, as well as the multiplier effect on employment further, that is, pulling currency into circulation and its speed of rotation. (And only as an emergency) to raise government spending.

拡大 The expansion of the money supply and balance sheet, which has become the norm today by the central bank, is the exact opposite of Keynes's pursuit, and is thermodynamically based on time-based “determination of uncertainty”. The huge entropy of the currency dropped out of circulation is fixed by Ultra C, which is a dimensionless deferral of debt --- it is not a discharge to the outside of the system, so it is a primary storage place under the Waste Management Law. Let's do it.

Negative interest, as well as the distribution of interest rates that are not linked to the length of the maturity period, deprive currency holders of the benefits of holding money, and above all, the currency function itself, as a balancing factor for credit share, has fallen into crisis. It is. ―――― Interest rates are, as outlined above, from the microscopic point of view of individuals (primary lenders), interest rates are nothing more than psychological compensation for holding liquidity. Uncertainty, cost for risk. Essentially, deposit rewards, a means of pursuing precious profits by providing credit, are no different from rolling bills on the roadside. Interest rates have also been a variable in the power of more systematically randomly flowing or stagnating money flows to a vector. A zero or negative interest rate is a dangerous step before money flows lose their anchors and become buried in the deep seas of uncertainty.

かかる In some countries, this situation, which is a product of a controlled economy, is called Abenomics and is unexpectedly welcomed. The first is the deprivation of the market elasticity of interest rates mentioned above, which minimizes the interest payments on government bonds in the normal fiscal budget by linking the government bond repurchase cost to the nominal zero interest rate floor. Another point is to lower the real interest rate, which is the nominal interest rate-the inflation rate, by lowering the currency value and contributing to inflation. If the inflation rate is 0.2% and the nominal interest rate is 0.1%, the real interest rate is minus 0.1%. For super multiple debtors like Japan, this acts as a pump to secretly transfer wealth from creditors. Will creditors please with a 0.1% return ostensibly? Behind the scenes (or patience), it's a vampire-inspired strategy. In addition, with current systems in which only the supplier determines the price of goods, prices are downward rigid. In other words, even when the currency value increases, inflation is more likely to be induced than deflation, since that is not reflected in the CPI. It's a nice strategy unique to the financial engineering elite, alongside the consumption tax hike that transfers income directly from the consumer's wallet to the government and the purchase of financial assets that benefit asset owners (U.S. investors). For some reason, they seem to be welcomed by the people of the country.

For pensioners who own most of their vast personal financial assets, zero interest income means they have to retire their currencies and cut back on consumption.

金利 If interest rates become more negative and the expected interest rate becomes more negative in the future, both investment and entrepreneurship will be postponed regardless of changes in the marginal efficiency of capital. In short, it is easiest to make money by short selling money without doing anything.

Another point is that if these centralized organizations, whether central banks or the Fed, send any signals to the market, the information itself may be manipulated asymmetrically in the first place. Does not take this at face value and tries to read it back and back again, so it is unpredictable from the results how the announcement effect would be. And these comedies are also manifestations of entropy.

Again, this paper is completely indifferent to the success of central bank monetary policy and only points out that the loss of the boundary with fiscal authorities accelerates the irreversible increase in entropy in the system.

(4) Interface between different currency zones Globalization refers to the borderless circulation of people, goods, money and information. Monetary policy The announcement of excess storage The shift to developing countries has significant implications for both. What the central bank can do for this is broadly divided into foreign exchange intervention, raising the official discount rate (lowering) exchange swaps, and recently, forward guidance, but it has played a role in the current system.

The disadvantages and limitations of using the US Local Currency, USD, as a key currency, start with R. Triffin's theory of liquidity dilemma, and are well known for voluntary browsing and unilateral blocking of SWIFT by specific countries. However, the infringement of currency autonomy is that foreign exchange must be obtained in the form of foreign exchange in the form of trade or loans.

In the first place, fluctuations in the interest rate of USD belonging to one country's domestic issue cause the world's economy to wander, because the United States provides credit around the world, holds almost exclusively gold as a source of credit, and It is secured only by the precondition that even goods are provided. It should have been a very ephemeral model that reflected the situation immediately after World War II. (When the U.S. Army opened the Bank of Japan's safe in 1945, its gold stock was less than one-half of the United States.)

In trade negotiations, it may be mentioned that certain industries and products are subsidized, but whether there is a substantial bias from monetary authorities on monetary value as described above is currently a force majeure. By the way, Mr. Trump does not say that he will also apply RMB. Rather, the supply of excess liquidity mentioned in (2) and (3) above, and the operation of buying large amounts of government bonds as a means, on the other hand, are in fact a cause for merchantism since the promotion of exports through depreciation of their own currencies. I've given a minute. Also, according to the law of entropy, capital flows from the monetary zone of the currency with large work energy to the lower energy side occur naturally. Of course, both the process and capital flows to developing countries will reduce the entropy and currency value of developed countries. But today, as the currency itself is the subject of currency free speculation, speculators look much ahead and paradoxically exchange currencies in order to factor in the reaction of central bank policies and announcements to the effects inside and outside the system. In some cases, the value, ie, the value of the currency in terms of the intercurrency, is biased and the effect seamlessly crosses into different currency zones.

For example, the FED, ECB, and BOJ set inflation targets and rotate printing presses at full speed. An increase in the money supply is linked to a corresponding rise in prices, namely inflation. However, in 2012, the Fed Bernanke's rigging of the three major currencies' historic monetary supply pledge behavior, following the tradition of the currency cartel since the 1936 US-UK-France French monetary agreement. However, it has not contributed well to achieving the anchor rate of 2% inflation. Why is that?

Of course there are many individual factors, but one of the obvious reasons is that maneflow is being absorbed like hot water to keep financial assets, especially JGB prices high.

Here we again say that the energy system based on the current currency is the sole unit governed by Boyle's law, and that in a macro-isolated system of the earth like Newton, the debit and credit always balance. You need to remember that Otherwise, the bookkeeping itself is flawed. A depreciation of the currency is equivalent to a rise in prices. And the second notable imbalance factor is the mixture of monetary spheres called globalization, which increases the entropy ΔH. Furthermore, the shift of capital from the exporting country to the importing country is not only a shift in the effective work of money, but the entropy changes between the two are clearly different.

Currencies have potential energy according to their respective face values, and they are used to price products and settle items. However, if the same thing is different in location and time, for example, McDonald's in New York and McDonald's in Shanghai require different potential energy for Big Mac settlement. In other words, the pressure entropy that accumulates during the manufacturing, distribution, and inventory processes of a product is working, and the pressure entropy varies from place to place.

Moreover, the superficial value of a currency changes daily in the forex trading market when it involves the movement of cross-border capital flows. In other words, the potential energy of the currency is biased from country to speculator.

すると Assuming that the superficial value of currency, ie, potential energy is ΔQ, and the pressure entropy received from goods and services to be settled is ΔS, the equilibrium point where ΔQ = ΔS differs for each currency area. ΔQ1 and ΔQ2, ΔS1 and ΔS2 are different even if only two currency areas are taken. If the two currency spheres are isolated systems and have no interaction, ΔQ1 = ΔS1 and ΔQ2 = ΔS2 remain unchanged at all. And if it is successful to remove all partitions between two monetary zones, such as tariffs and non-tariff barriers, irreversible capital from the ΔQ1> ΔS2 system to the ΔQ 2 <ΔS 1 system A flow should occur and balance should be at the current balance line of ΔQ1 · Δs2 = ΔQ2 · ΔS1.

(A) When the economy is completed as an isolated system within one currency area, the decline rate ΔC when the currency value of the currency ΔQ1 falls is the inflation rate ΔP which is the reciprocal of the currency exchange rate, which is equivalent exchange means. Will be revealed. (We will ignore the entropy absorption into the government bond black hole.)

(B) It is rather rare that ΔQ1: ΔS2 / ΔS1: ΔQ2 = 1, and the deviation rate k appears as 1- (ΔQ1 / ΔS2) / (ΔS1 / ΔQ2) due to the bias applied to both ΔQ1 and ΔQ2. . Of course, Q1 and Q2 may be competitively falling, but you don't need to ask that.

(C) Assume that funds have shifted from the currency area of Q1 to the currency area of Q2. The decline in the value of the fiat currency C1 in the currency area of Q1 is not exchanged with the inflation rate P1 in the same currency area, but is consumed to close the gap of the divergence rate k in (b), where the K = C equilibrium The price rise P2 is exported to the point outside the system.

(D), that is, the potential energy of a currency is not limited to a specific currency area at all, but is exerted competitively and opposingly from the side where the difference from pressure entropy is large. You can consider the difference in pressure entropy for each currency area as a first-order approximation and replace it with the purchasing power parity (PPP) difference. And it should not be overlooked that the thermodynamic changes associated with capital movement are different in the two systems, with capital exports leading to a decrease in entropy and conversely, capital imports leading to an increase in entropy. Price P2 rises on the side that imported capital following ΔS2 = ΔQ1 / ΔP2.

刷 If you reduce the surface value by printing a lot of money, the real value (potential energy minus entropy pressure) naturally decreases in proportion to it (P). However, if there is another system in which the difference between the real value and the surface value is higher, the pressure difference will be absorbed to correct the difference. Moreover, when the entropy balance is added to this, the temperature, that is, the price corresponding to the entropy is shifted to the side where the entropy increases. As a result, inflation, which is the price of the decline in currency value, is exported brilliantly.

Inflation rigged in developed countries, just like other export products such as mobile phones and semiconductors, is often overvalued or undervalued with surface value <real value divergence. They will be transferred seamlessly to developing countries, which are required to devalue their currencies and have high GDP on a purchasing power parity basis, at a given exchange rate. To approximate the gap between the surface value and the real value of a currency from an external indicator, it is better to look at the gap based on purchasing power parity, especially labor wages rather than tradable goods. It compensates for growth rates, inflation, and the interest rate on collateralized government bonds. Since prices are the reverse expression of currency values, it is natural to see them. If the gold standard is alive, it is necessary to look at the amount of gold held, but at present the government bond is on the balance sheet, so the difference between the interest rate and growth rate of the collateralized government bond estimates the ability of the currency It is a means.

You will know Greahams “Law“ Bad money drives out good ”(1558). This famous saying refers to a situation where some currencies are overvalued (silver) and some currencies are undervalued (gold) and exchanged, resulting in literally turning gold into a gold bar. That is. But this prophecy of the 16th century is a terrible prophecy. The third task of modern central banks is to print bad currencies, or money with high entropy, competitively and scatter them abroad.

In other words, while the FED and its colleagues lament the missing inflation, they have somehow contributed to the land bubble in Shanghai and provided financial engineering support for China to use its cash flow to dominate the world. Is. Moreover, politically, the overwhelming contribution of the Western monetary authorities is overlooked, and some form of policy assistance is being targeted. (Of course, it is a clear foreign currency acquisition strategy from the People's Bank of China, which has intentionally pegged the yuan to the dollar, but the country has also suffered a great deal of distortion.)

Aside from the policy appraisal of such comedies, the current managed monetary system is indispensable for currencies to have their primary function of sharing credit, consequently transferring economic growth and securing liquidity on an international scale. That is enough. Financial and economic stimulus will cause trade-offs in the process. And most importantly, the legal currency system, which cannot structurally display the dual value of the currency of network currency and local currency, is an impediment to balancing Q1 / Q2 = S1 / S2. The green screen should be printed separately for the blue screen inside the currency area and the yellow screen outside the currency area.
(5) 2.2 Crisis and this currency solution

2 February 2, 2022 A new era has finally arrived. The central bank centrally manages all national savings accounts, and ordinary accounts of private commercial banks have been simultaneously closed. The interest rate is minus 2%. By the way, if you go to the central bank, a wallet with a tax office ID (called Gezer wallet) will be installed on your mobile. The money you deposit in the wallet also has an interest rate (of course it is negative), so the consumption tax is collected instantaneously at the same time as the payment, so it is not enough to try to use it. Investing in short-term government bonds is easy, and if you convert cash to government bonds, the interest rate will be minus 0.2%. Since the bank account is displayed in 3D holography, it is very easy for the elderly to use.

In other words, the surest way to cure a disease seems to be to die.

By the way, whatever exists, there is a decent raison d'or, and there is a change in history. Banks are no different. When was the time when banks shine? You can ask Adam Smith for the answer. State wealth states that the Bank of Scotland in 1695 and the Royal Bank of 1727 were established in Edinburgh, UK, and Glasgow's commerce has doubled in 15 years. As a transitional measure, it is said that the credit of the current circulation currency will be recognized for 2 years ...

Their business model partially overlaps with the above, but is as follows.
(A) Issue promissory bills for discount bills brought in by merchants.
(B) Distribute cash accounts for both merchants and individuals. Provide 2,000-3000 pounds of credit to the general public, subject to a guarantor

This accelerated the speed of commerce. Merchant → Manufacturer → Material / Agricultural Procurement → Farmer → Land owner → Purchase Merchandise → Merchant ... Isn't the promissory note and cash account issued by two Scottish banks the prototype of “currency”? They opened the way for everyone to participate in the monetary system by providing a broader combination of convenience and trust to society.

The business model is similar and different from current monetary systems.
(A) A bank is not a creator of credit, but an intermediary or market maker, and is formed by mediating credit shares.
(B) Interest is balanced as credit provider rewards and credit beneficiary costs.
(C) Credit and transactions are circulating.

Since the vector of money is clear and negative entropy is preserved by distribution, the risk of changing to entropy by the sidewalk is extremely small.

The two banks are public institutions, but not central banks. At the same time Newton was appointed director of the Mint in England, but at the same time, London merchants had to keep substantial money in their own safes or in "uninterested" bank safes, He didn't even use cash. Already the reserve system of the current central bank was working.

However, it is not difficult to imagine that the bills and cash accounts of the Scottish style drawn by Adam Smith were complicated and expensive to issue, making them ideal targets for counterfeit bills.

Fortunately, the technologies we have today, such as blockchain, smart contracts and AI, are improving the quality of credit currencies distributed by the Bank of Scotland and making their credit sharing mechanisms more dynamic using P2P networks. It seems to greatly contribute to the development of It is unlikely that the Federal Reserve or developed country central banks will have to manipulate information secretly to stabilize global finance.

信用 The credit system that banks have built up is a valuable financial resource, and there is no need to break them all. Earlier, I pointed out the instability of the system for distributing demand deposits as a substitute currency, but sound credit using demand deposits is closer to the original money.

The currency and its issuer will provide an architecture and system for transparent and efficient transfer of credit in P2P networks, and for all nodes to exchange credit equally in a network scheme. (See “Comparison of Central Bank Model and This P2P Network Model”).

個人 All individuals, companies, commercial banks, central banks and countries involved in credit creation and share can participate in the network scheme as nodes.

The government and the central bank are involved in the operation of Local Token, the POE that determines its currency value, the creation of a POA that defines its relationship with real asset transactions, and can publish and execute protocols through contracts with issuers. I can do it. This currency is an interface that links a mesh from the micro community to a currency area as a broad marketplace and seamlessly connects them to other currency areas. Minimizing currency redundancies not only rewards currency holders, but also manages prices, economic growth, and unemployment (complete employment) by linking to more macroeconomic indicators. If you decide on a protocol that meets your goals, you can do so easily, and the benefits will go beyond any rigid measures currently being undertaken by the Treasury or central bank.

Of course, how to redesign the country and the central bank itself is outside the scope of the claims of the present invention. Not to mention national and central banks. What is called the "economy"-for example, is capital-intensive capital investment declining leading to excess savings, or optimizing the amount of sugar added to sushi restaurants' eggs? The effect on stuff is that it belongs to the upper layer (formerly called superstructure). The monetary system is located at the lowest layer and is a keynes's inescapable mechanism.

社会 Unlike science, it is difficult for society and the economy to experiment and test hypotheses. In that regard, one recent large-scale and ongoing experiment, socialist experiment, may have some difficulties in obtaining data, but it is somewhat disappointing that it is not fully summarized.

The Soviet Union moved the ruble from the dollar peg to the gold standard in 1937 to increase its independence from the "west", and in 1961 set the new ruble to 0.987412 grams. The ruble currency area has not only been isolated, but has been extended to the transfer ruble currency area through loans to India (Bilai Steel Works in 1955) and the establishment of the Comecon Bank in 1964.

It is speculated that economic management is similar to classical textbooks such as Say. Inflation did not occur, but as a result of income-savings-investment being macro-controlled and budgeting steps to ensure that supply and consumption were balanced at a certain price point.

Isn't this an ideal model for Say? However, in 1992, once the control prices were lifted and prices were liberalized, prices jumped by 374.4% a year. By the way, the growth of the monetary base during this period is 212.4% per year, so there is a 43% deviation rate. To put it simply, perestroika exposed all at once a 43% drop in the potential of currency value or a 43% shortage of supply in the classic Soviet-style economic operation. is.

事実 This fact is interesting in many ways, and it's worth delving deeper. The only thing that can be said is that even if the state tries to control each parameter wisely, the monetary system will not be eroded by autonomy, unless it is one point, and it is not a marginal settlement that can not go with Levithrose. In the base system, there are two points: exchange = open system, which cannot be an isolated system at that time.

The equivalent exchange of currency = income = consumption (price x transaction) + savings (= investment) can be imagined as eliminating the room for irreversible entropy, but at least it did not. It is a thing. Perhaps the topological non-marketability of having a centralized, overwhelming nation with no information but overwhelmingly large numbers of civilians is limited. The provision of credit in bulk by the state is somewhat inefficient (of course mobility, transparency, credibility, etc.).

Again, information asymmetry is thermodynamically a cutoff due to threshold. Monopoly capital, including the state, tended to be more aggressive, leaning toward a business model of controlling profits using temperature, pressure and temperature differences. And the decentralized P2P scheme is the only confronting topology.

Instead, in August 1971, an experiment on the "credit currency" (which had little evidence of being planned), which started with a departure from the gold standard in the United States and the world, was to eliminate entropy The energy of money (anti-entropy) used to settle money is used to settle the entropy of the money itself, aging the system itself and monetary systems are equilibrating to thermodynamic euthanasia.

By the way, Adam Smith is also somewhat questioning whether the unprecedented economic prosperity of Scotland, triggered by the establishment of two banks, is solely by banks.

For example, when an internal combustion engine was developed and Watt completed it in Glasgow, it was synchronized beyond. During this period, Scotch was distilled at many distilleries, including Campbelltown Loch, for industrial use of thermodynamics. Units of thermodynamics, such as watts, are produced from here at this time. Of course Joule is one of them.

Figure 23 shows an illustration of monetary control in legal currency.

1.4 Targets There are roughly three targets for this currency.

(A) Some developing countries do not even have a bank account (24% in Bangladesh), and even if there is a microfinance system, the cash-based and manual-based work efficiency is low, resulting in high interest rates (The loan efficiency per employee of Bangla's largest microfinance institution is 1/72 of Japan). Foreign exchange remittances from the Philippines and others who are migrating overseas are also a major problem. The currency streamlines workflow, minimizes cash handling cost, and helps create a new financial infrastructure that allows people to use the blood, the blood of the economy, without stress.

(B) On the other hand, in developed countries, financial services are becoming congested, and consumers are further divided into service providers, from cash payments, debit cards, credit cards, loans, and even point mileage to asset management tools. You have to contract and consequently bear the operating costs of the underlying complex system. For example, taking the card system as an example, there are many intermediaries between the card companies that work with the international card system and banks, clearing houses, and acquirers, and the operating costs are naturally high. The attached figure compares the existing systems and operating schemes of debit card, credit card, retail loan, and point mileage. This currency, which is essentially transferable credit, is a credit account without a card, which can be used for settlement, loan borrowing or escrow settlement within the credit line if there is no balance, and operation if there is surplus. (P2P) offers three positions in one stop. In addition, point mileage can be given and exchanged within a specific store or group using a private blockchain. In addition, it is a new product that can be used for identity verification, credit check, asset management, movement and recording in a centralized manner, that is, at low cost, and is possible only by applying blockchain technology, and it is responsible for retail finance such as loans and credits. There is no root there.

(C) Countries in the world that have 1800 trillion yen in personal financial assets but are tied to negative or zero interest rates, and due to careful financial isolation policy, cannot use the dividends that can be obtained from them for their living. It is said that there is If 4% of the fundamental profit could be economically returned from the secure cross-border money flow, there would be no need to record 1 yen such as social security expenditures. It seems difficult to transfer discretion. The negative interest rate, however, indicates that the value of the country's money has fallen due to a different dimension of bills (government bonds). The basic philosophy of this currency, no matter who is in any country, can only be used when money is needed wherever it is needed.

Figure 24 shows the overall configuration diagram (Entire configuration diagram). 25 to 29 show comparison diagrams (1 to 5) of a conventional system and a local-Joule-based system (Compared-on-between-traditional-and-Local-Joule-based-systems (1 to 5)). You. Fig. 30 shows a comparison diagram with electronic money (Comparison with electricity for money) for reference.

1.5 Summary Features of the currency (a) The currency is issued when the actual demand (fund demand) is approved by the credit provider, and unlike the existing virtual currency in which the total issue amount is set in advance, the currency is Issue volume is monitored by a unique functional algorithm (patent) that defines value and supply.

(B) Unlike virtual currencies such as bitcoin, prices do not fluctuate and cannot be used for actual settlement as money. It can be used for settlement at a rate equivalent to the local currency, that is, at the same rate (exchange rate = patent).

(C) In addition to speculative price increases, the more people use it for settlement, loans, investments, etc., from which currency holders can earn fundamental income, which is a feature not found in other virtual currencies . (Currency Mutual Fund = Patent)

(D) Traces from whom to whom the money was passed, which reduces the risk of loss due to an attack by a hacker (non-anonymity), and is difficult to divert to crime, so it is not subject to official attacks . In short, it has excellent affinity with the existing credit system, and it is possible to provide a financial service (patent) with the monetary value and ID expressed on the blockchain and the ecosystem that the bank has built so far. . Therefore, this is also completely different from the conventional virtual currency, and this currency is issued and managed by an administrator compliant with the company.

(E) This currency --- The currency was originally something linked to some value, whether it was backed by gold or oil. Currently, the backing is credit (credit), which is issued based on the basic idea that the value of a currency is the credit of a currency holder (to be precise, who uses what and when). Therefore, not only can one currency be used for settlement, but sometimes it is a credit secured by another person, and sometimes it is also possible to share a credit to another person. It is. You can think of it as a cryptocurrency version of credit card + debit card, but the difference from the card is that the credit value itself is transferable and can be distributed.

(F) Credit of creditors is, in principle, backed by the expected cash flow generated after the creditors hold LocalToken (equivalent to electronic currency B). If collateral exists, the cash flow from the disposal of the collateral is also evaluated together. The POC evaluates the amount of cash flow, the chronological value, and determines the nominal value (Nominal Value) that users of LocalToken can obtain. The same principle applies, for example, when the credit recipient is the government and issues sovereign debt in this currency. When a resource-owning country or a producer of primary products raises funds in this currency using its resources as collateral, it evaluates the value of the collateral based on future cash flow projections.

(G) It is no exaggeration to say that the scale and speed of credit sharing are key to the success of the currency. Therefore, stimulating the profit motive of currency holders is a very important factor. As described above, this currency holder (primary credit provider) can obtain the same reward as interest from the user of LocalToken, which is the credit provider. However, if the LocalToken user (primary creditor) repays and pays the principal and interest from the income, the bank account balance improves, and if the surplus funds eventually accumulate, the user has the option of a third Credit to secondary creditors in the form of P2P loans to creditors. In doing so, the currency holder (primary lender) determines the percentage of rewards obtained by the secondary lender, and the secondary lender also determines the percentage of rewards obtained from the subsequent nth lender. You can enjoy the prescribed ratio cumulatively.

(H) It is desirable that currency holders can benefit from credit sharing and also have certain social responsibilities for credit sharing. This is to avoid the trap of the long-term retirement that the fiat currency system has fallen and the decline in currency value. Therefore, holders who have neglected new credit as an option menu will give this to holders who have reduced the surface value of their currency or LocalToken at a predetermined ratio, and conversely have achieved credit sharing results. Can be transferred as a bonus (Gezel mechanism). Also, if you give up credit and leave the currency system, you will burn it and process the stored currency.

(I) The rate of (h) above is used as a macroeconomic indicator, ie, a price index based on purchasing power parity to eliminate the supply of legal currency, inflation, and real economic growth, and the issuance of currency in the current legal currency. If the collateral is a government bond, the current currency value is evaluated based on the interest rate and linked to the current currency value, and adjusted accordingly, compared to the monetary policy of the central bank, which manages only demand escalation and price adjustment by the conventional money flow. It can stimulate the economy more effectively. While Keynes perceived liquidity preferences as psychological and uncontrollable, adopting this mechanism would guide the liquidation of money stock through credit sharing, regardless of consumption or investment Will be able to (Keynes-Gezel mechanism) The currency supply is linked to the effective demand, and the speed at which the value of the currency is determined autonomously. Also, flexible operation by feedback is possible.

(J) LocalToken's value is determined by POE based on the local fiat currency's credit 法 availability, so that its users can conduct cross-border fundraising without feeling exchange stress. Exchanges with legal currencies belonging to different currency spheres are basically performed in the same principle and method as in (i). Therefore, based on the current exchange rate, the currency value of the currency is evaluated by a predetermined method to determine the exchange rate. In addition to this, in addition to the direct exchange with the local fiat currency, it may be exchanged indirectly, for example, through the IMF's special drawing rights, such as USD, Euro, and Pound. (In that case, the international key currency is exchanged at the same time as the currency A, which is the network currency, and the currency B, which is the local currency.) Furthermore, as seen in some developing countries, the domestic currency and other countries When currencies (mostly USD) are mixed, the exchange rate between two different legal currencies and this currency, LocalToken is determined by POE, the surface value is displayed centrally on LocalToken and distributed domestically You can. By taking such measures, the monetary balance can be adjusted based on the effective demand and its issuance costs (if the collateral in the issuing currency is a public bond, the interest rate of the public bond corresponds to this), other than just purchasing power parity (PPP). By exposing the exchange rates between currencies in a way, inflationary pressures from cross-border capital imports (and vice versa) can be mitigated and suppressed.

(K) It is optionally possible to determine the POE decision method by the following procedure. That is, 1) Peg the currency of the fund laser specification currency to determine the rate. 2) Adjusted based on inflation, economic growth, and market interest rates. 3) A relative rate is determined between the fund laser and the credit provider (Kumon mechanism). This allows the exchange rate to be more resilient rather than finding (predicting) and following a static equilibrium.

(L) Pool a part of the profits obtained from the operation of LocalToken, or separately pool the funds charged at a fixed rate for transactions, loans, etc. from users of LocalToken, or a combination of both , Will be applied as an insurance reserve to cover the loss due to default in the operation of LocalToken, and the rate will be adjusted as appropriate based on feedback from actual results.

(M) Only a specific business operator (store) or a group consisting of multiple business operators and general users will receive and exercise points that can purchase products on the private blockchain, and use LocalToken and It can be offered as one payment. Point increase / decrease is displayed separately on the API provided by LocalToken.

(N) Issue security that tokenizes certain, but not economical, social values, such as greenhouse gas (GHG) mitigation, and makes it available for sale on the network. At that time, if there is an economic value that can be obtained at the same time as the GHG suppression effect, for example, the primary energy consumption reduction effect due to energy saving, the security token can secure its economic value (cash flow) and sell it.

(O) In areas where the network environment is undeveloped, nodes in the community are directly connected using the communication resources of the terminal (such as Bluetooth (registered trademark), WIFI, etc.), and the device ID and the bandwidth required for transactions are used. It is managed by tokenizing the width. All transaction data related to buying, selling and lending in the community are sent to the main network through a router in a hub-and-spoke system and processed in batches.

Each of the above-described processes can be executed by the processing unit of the electronic currency issuing device, the processing unit of the application server, or the processing unit of another appropriate device. The obtained information can be stored in an appropriate storage unit.

2. Outline of Electronic Currency Issuing System Hereinafter, an electronic currency issuing system (also referred to as an electronic currency issuing system in this specification) according to the present embodiment will be described. Currency that is issued electronically (also referred to herein as electronic currency (Crypto currency)) may be referred to as digital currency, cryptocurrency, or virtual currency. Note that the electronic currency in the present embodiment is essentially different from electronic money such as an IC card for, for example, charging a predetermined amount in advance (or afterward) to pay and settle.

The electronic currency issuing system according to the present embodiment may be realized by, for example, one or a plurality of computers that execute the following processing.
(A) a processing unit (processor) scoring a condition (liquidation condition) for a fund consumer to obtain an investment by an investor and purchase a good (liquidation condition) and present it on a P2P platform;
(B) when the condition presented by the fund consumer and the investor matches the condition of the above (a), the processing unit approves the condition and makes a contract between the two,
(C) the processing unit issues to the investor a total amount of electronic currency A according to the contract conditions;
(D) causing the processing unit to exchange the electronic currency A and the electronic currency B for the exchange ratio with another electronic currency B presented in advance;
(E) the processing unit enables the fund consumer to purchase the goods using the electronic currency B; and
(F) After the purchase of the goods, the processing unit pays a reward derived from the digitized assets escrowed to the goods to the investor.

{For example, at least a part of the above processing (for example, processing (c) to (f)) is recorded and managed on the blockchain, and the contract is executed based on the smart contract.

In addition, the electronic currency issuance system analyzes the items by further subdividing the conditions of the goods purchased by the fund consumer, numerically scores by weighting how each item contributes to the reward obtained from finance, It may be presented on the platform.

The e-currency issuance system analyzes the items by subdividing the conditions of the goods purchased by the fund consumer, and numerically scores by weighting how each item contributes to the rewards obtained from finance. May be presented.

Based on the results of the above analysis, the electronic currency issuance system grasps the gap between the target (value) and the actual performance of the rewards that have actually occurred, reviews the weights of items that may cause a gap, and reviews the review results. And a new score may be presented.

見直し The weight is reviewed by, for example, approximating a predicted value and a result value obtained by appropriately increasing (or subtracting) the weight coefficient. The item (fine) corresponding to the weight coefficient changed at this time is considered to be the cause of the gap.

The e-currency issuance system calculates the exchange ratio of e-currency A to e-currency B by determining where and when goods are acquired, the average unit price per unit energy (Joule) in the area, and the types and properties of the goods to be acquired. Alternatively, the exchange ratio may be changed, the exchange ratio may be determined, and the exchange may be performed.

The electronic currency issuing system may determine and indicate the exchange ratio, and may exchange the electronic currency B for legal currency.

In the e-currency issuing system, financial institutions such as banks or other financial institutions that provide funds to the end users, instead of companies and individuals, whose end users are individual end users, or financial services for end users instead And may have bulk funding needs.

In the electronic currency issuing system, at various stages of issuance, distribution, operation, etc. of all electronic currency A and electronic currency B, it has a certain authentication means for information on its origin and owner, and individual companies, individuals, etc. May be matched with a database that can be specified, and the electronic currency flow may be traced on the blockchain.

In the electronic currency issuing system, the exchange ratio of electronic currency A and electronic currency B is set so that (1) electronic currency B is pegged with local legal currency and the exchange value between electronic currency B and local legal currency is 1: 1. (2) set to be the reciprocal of the fluctuation ratio of the electronic currency A (that is, if the electronic currency A rises by 20% from the reference date, the electronic currency B depreciates by 20%); (3) ) Based on the exchange ratio (E) in (2) above, the exchange ratio (Ea) adjusted by adding the CPI (C) and the local short-term interest rate (I) is Ea> E (1 + C) or Ea> E ( 1 + CI).

When the end user uses e-currency B, the e-currency issuing system calculates the usage fee according to the amount of use, frequency of use, period of use, or the profit obtained from investment using e-currency B. A computer that charges and charges the user may be connected.

The e-currency issuance system requires that e-currency be able to receive future profits from identifiable third parties in cases other than mere anonymous settlement purposes, that is, when e-currency holders hold e-currency. Assuming that the currency has the functions of credit, escrow, loan, investment management other than settlement, that is, calculate the credit from the third party or the credit given to the third party, and manage or execute the execution state A supporting computer may also be connected.

If the above-mentioned equation dVm-dVg = 1.l / T / -a (1-T / t) deviates from a predetermined reference value determined for each area where the electronic currency is operated, the electronic currency issuing system provides the currency. May be connected to the computer that issues an alarm notifying the holder of the alarm.

The electronic currency issuing system may exchange the currency A and the currency B with a cross-border. That is, exchanges with currency B, which is compatible with local currencies of different nationalities, may be directly exchanged at the exchange that trades currency A.

The e-currency issuance system pools a part of the charge for the amount, frequency, duration of use of e-currency B, or the profits from the investment using e-currency B, according to the holding ratio of e-currency. In addition, a computer that redistributes as a reward to the holder may be connected.

(4) The electronic currency issuing system compares the transaction conditions from the fund consumer terminal with the transaction conditions from the fund provider terminal, and approves the contracts that meet both conditions. In addition, both the fund consumer and the fund supplier are also referred to as a user, and both the fund consumer terminal and the fund supplier terminal are also referred to as a user terminal. This electronic currency issuing system is for issuing an electronic currency embodying economic value as electronic data on a network. The electronic currency issuing system can be roughly classified into a case where a fund consumer purchases a real asset (case 1) and a case where a credit line is presented and executed without being limited to the purchase of a specific real asset. (Case 2) is assumed, but is not limited thereto. Examples of Case 2 include, for example, unspecified living expenses such as rent for a child in a nursery school for an individual, personnel expenses for a small and medium-sized company, and ordinary expenses such as rent.

In order to fund consumer to buy a particular real assets, as an example of using an electronic currency in the present embodiment (one application), a CO ₂ reduction program using the market mechanism, has attracted the attention TPG (Trading Platform for Green product and services). FIG. 13 shows a conceptual diagram of TPG. TPG is different from the other CO ₂ emissions trading market, squeezed the subject in projects with energy-saving effect, among other CO ₂ reduction measures, investors are energy consumption reduction, which is expected (for example, the target energy reduction amount is (Set energy reduction measures). With energy reduction merit is CO ₂ reduction merit, procreation benefits on cash flow. For example, energy saving measures can benefit by reducing fuel consumption and lowering fuel costs. In some cases, profits may be generated from the reduction of CO ₂ . Investors will share the benefits of energy reduction measures with energy consumers, who are funders. The principle of this electronic currency issuance system is to issue currency in accordance with effective demand. For example, funding consumers can realize a specific social value (in this case, the reduction of greenhouse gas emissions). This may be evaluated as a credit, a currency may be issued in accordance with the credit, and the cash flow-based expected return may be used to secure the currency for further distribution.

Existing CO ₂ emission market includes the following problems.
(A) Since the cost of CO ₂ emission is the target of the transaction, the increase in cost causes a financial burden. Therefore, environmental value and economic value are presented as a dual conflict scheme, and as a result, it is liable to become a political problem. .
(B) It is often a bilateral transaction and does not attract small investors, including the general public.
(C) The procedure is complicated because an application for CO ₂ reduction technology and approval by a third party organization such as the government are required in advance.
(D) Because prior application and approval are required, the technology is biased toward safe technology with abundant track records, making it difficult to incorporate innovative technology.
(E) It is not attractive as an investment incentive because it cannot respond to upfront finance required for capital investment.

For this reason, CO ₂ credit price also sluggish, reconstruction of climate change finance is an important issue. In contrast, TPG can present the benefits of energy savings, that is, the benefits of reducing CO _2, as a cash flow, so that investors can assume the risks associated with upfront fineness based on their expectation of dividends. In addition, for example, in a factory, the evaluation can be shown by the result of the energy saving amount per unit production amount, and there is no need to apply in advance for technology and equipment, and as a result, there are many choices for introduced technology. In addition, taking advantage of the P2P transaction utilizing the blockchain, it is possible for small investors to participate in the market through crossboater investment. It is possible to automate enormous clerical processes from certification and recording of the CO ₂ reduction effect to distribution of energy saving merit.

3. Configuration of Electronic Currency Issuing System Next, the configuration of the electronic currency issuing system in the present embodiment will be described.
FIG. 1 is a configuration diagram schematically illustrating an electronic currency issuing system according to the present embodiment. The electronic currency issuing system includes an electronic currency issuing device 10, a web server 20, and an application server 30. The electronic currency issuing device 10, the web server 20, and the application server 30 can communicate with each other via, for example, one or more of the networks 1 to 3. In addition, the electronic currency issuing device 10, the web server 20, and the application server 30 can communicate with the terminal devices 40 of the fund consumer and the investor, for example, via one or more of the networks 1 to 3. The electronic currency issuing device 10 is connected to the networks 1 to 3 and has an appropriate security layer for access from the network 1. The electronic currency issuing system may further include a gateway device 60 and other devices.

The network 1 is, for example, the Internet. The network 1 may be a wireless communication network, a wired communication network, or a network in which wireless and wired are mixed. For example, the network 1 may use a mobile phone network, a PHS (Personal Handyphone System) network, a wireless LAN (Local Area Network), or other networks conforming to various architectures of IEEE (Institute of Electrical and electronic Engineers). Good.

Network 2 is a network in which electronic currency B (second electronic currency) is issued. The network 2 is a network managed by the electronic currency issuing system. The network 3 is a network in which an electronic currency A (first electronic currency) is issued. The network 2 is, for example, a public network managed by a predetermined exchange. The gateway 60 is disposed between the network 2 and the network 3 and performs, for example, protocol conversion between the two networks.

FIG. 2 shows a hardware configuration diagram of the electronic currency issuing device 10. The electronic currency issuing device 10 includes a processing unit (processing system device, for example, CPU: Central Processing Unit) 11, a storage unit (storage device, for example, RAM: Random-Access Memory) 12, and an input unit (input system device) 13. And an output unit (output system device) 14, a display unit (display system device) 15, and a communication control unit (communication control system device) 16. The electronic currency issuing device 10 also includes a customer database (consumer DB) 17 for storing information about fund consumers, an investor database (investor DB) 18 for storing information about investors, and information about various transactions. And a transaction management database (transaction management DB) 19 that stores

The processing unit 11 is, for example, a processor such as a CPU, and executes processing in the electronic currency issuing device 10.

The storage unit 12 includes, for example, a storage medium such as a RAM and / or a storage medium such as an HDD (Hard Disc Drive) and a flash memory. The storage unit 12 stores information such as a fund consumer, an investor, a format related to transaction (contract) management, and history (processing history, transaction history). The storage unit 12 stores a program read and executed by the processing unit 11.

The input unit 13 is, for example, a keyboard, a mouse, a touch panel, or the like. The processing unit 11 inputs information according to the operation of the input unit 13 by the user. The output unit 14 is, for example, a speaker, a printer port, or the like. The processing unit 11 may output information via the output unit 14. The display unit 15 is, for example, a display, and displays information. The display unit 15 may be configured integrally with the input unit 13 as a touch panel. The communication control unit 16 is an interface with the networks 1 to 3. The communication control unit 16 controls communication according to a predetermined communication protocol.

FIG. 3 shows a logical block diagram of the processing unit 11 of the electronic currency issuing device 10. The processing unit 11 includes, for example, an account address management unit 111, a reception management unit 112, a P2P transaction condition presentation unit 113, a P2P transaction authentication unit 114, a smart contract unit 115, a mining unit 116, an electronic currency exchange unit 117.

The account address management unit 111 specifies users (financial customers and investors) in a P2P (Peer-to-Peer) network. The reception management unit 112 receives the price or the electronic currency from the investor terminal, and confirms the total amount of the received electronic currency. The P2P transaction condition presentation unit 113 presents investment conditions to each of the fund consumer and the investor. The P2P transaction authentication unit 114 compares (compares) transaction conditions received from the fund consumer terminal and the investor terminal. In addition, the P2P transaction authentication unit 114 determines that there is a gap between the transaction condition received from the fund consumer terminal or the transaction condition received from the investor terminal and the condition presented by the P2P transaction condition presentation unit 113. Resubmit contract content data indicating another contract content based on the gap value. The P2P transaction authentication unit 114 approves the transaction when the user operates the terminal device 40 to execute the approval process for the presented or re-presented contract content. The P2P transaction authentication unit 114 presents the contract content data to the user terminal and authenticates the conclusion of the contract. The smart contract unit 115 issues the electronic currency B corresponding to the P2P transaction contract content on the network as an approver of the private blockchain based on the authentication by the P2P transaction authentication unit 114. Further, the smart contract unit 115 distributes an ID related to the blockchain transaction to the user terminal 40. The mining unit 116 stores the electronic currency transaction, and performs mining by one of the nodes connected to the network 2 by proof of work. The electronic currency exchange unit 117 exchanges the electronic currency A and the electronic currency B based on the exchange ratio of the electronic currency A and the electronic currency B provided in the contract content.

FIG. 14 shows another logical block diagram of the processing unit 11 of the electronic currency issuing device 10. The processing unit 11 may further include a charging control unit 121, a non-anonymity information processing unit 122, an exchange ratio setting unit 123, and a notification unit 124.

The charging control unit 121 executes a process of charging a fee for using the electronic currency issuing system to an investor or a fund consumer according to the usage amount of the electronic currency or the like. The non-anonymity information processing unit 122 stores information such as owners of the electronic currency A and the electronic currency B. The exchange ratio setting unit 123 sets an exchange ratio between currencies such as electronic currency A and electronic currency B, for example. The notification unit 124 notifies the investor terminal or the fund consumer terminal when a predetermined condition is satisfied. Note that these processes will be described later in detail. The processing unit 11 may include an appropriate processing block that executes the processing according to the present embodiment, in addition to the above-described units.

FIG. 4 shows a configuration diagram of the web server 20. The web server 20 includes, for example, a processing unit (processing system device, for example, CPU) 21, a storage unit (storage system device, for example, RAM) 22, an input unit (input system device) 23, and an output unit (output system device). 24, a display unit (display system device) 25, and a communication control unit (communication control system device) 26. The web server 20 is connected to the network 1. The web server 20 (for example, the storage unit 22) stores, for example, various contents, authentication (repeat plan), notice of rejection, notice of contract information, notice of investment project scoring information, notice of portfolio information, report, prior document delivery, contract document Stores information related to delivery, receipts, etc. The storage unit 22 stores a program read and executed by the processing unit 21.

(4) The web server 20 (for example, the processing unit 21 and the communication control unit 26) distributes the stored information to the terminal device 40 (financial customer terminal, investor terminal). The terminal device 40 displays the distributed information on the display unit by the above-described application (P2P transaction management program), so that the fund consumer and the investor can browse the distributed information.

(4) The input unit 23, the output unit 24, the display unit 25, and the communication control unit 26 are the same as those in the above-described electronic currency issuing device 10, and thus description thereof is omitted.

FIG. 5 shows a configuration diagram of the application server 30. The application server 30 includes, for example, a processing unit (processing system device, for example, CPU) 31, a storage unit (storage device, for example, RAM) 32, an input unit (input system device) 33, and an output unit (output system device). 34, a display unit (display system device) 35, and a communication control unit (communication control system device) 36. The application server 30 is connected to the network 2.

The storage unit 32 includes a storage medium such as a RAM and / or a storage medium such as an HDD and a flash memory. The storage unit 32 stores formats, histories, and the like relating to fund consumers, investors, transaction (contract) management. Specific examples of the information stored in the storage unit 32 include information such as an order slip, a settlement measure confirmation record, a digital asset management method record, a transaction diary, a customer account ledger, and a separation management status record. The storage unit 32 stores a program read and executed by the processing unit 31.

(4) The input unit 33, the output unit 34, the display unit 35, and the communication control unit 36 are the same as those in the above-described electronic currency issuing device 10, and thus description thereof will be omitted.

FIG. 6 shows a logical block diagram of the processing unit 21 of the web server 20. The processing unit 11 includes, for example, a contract execution unit 211, a reward distribution unit 212, and a contract management unit 213.

(4) The contract execution unit 211 causes the contract to be executed based on the smart contract. The reward distribution unit 212 delivers dividends and / or principal and interest repayments generated over time from digital assets to investors as rewards. The contract management unit 213 compares (contrasts) the contract content with the execution result. The application executed by the application server 30 differs depending on the type of goods to be handled, contract contents, and the like, and can execute a menu such as performing a cland funding in an early stage in a virtual space.

The terminal device 40 is, for example, a terminal device such as a PC, a server, a mobile phone, a smartphone, a tablet, and a game terminal connected to the network 1. The terminal device 40 has previously downloaded and stored an application (P2P transaction management program) related to expenses distributed by the currency issuing system. The terminal device 40 executes the stored application.

FIG. 7 shows a configuration diagram of the terminal device 40. The terminal device 40 includes, for example, a processing unit (processing system device, for example, CPU) 41, a storage unit (storage system device, for example, RAM) 42, an input unit (input system device) 43, and an output unit (output system device). 44, a display unit (display system device) 45, and a communication control unit (communication control system device) 46.

E-currency issuing system uses blockchain. Two types of transactions are stored in the block of the block chain. Specifically, data related to a transaction of the electronic currency B and data related to a transaction of a right related to a digitized and encrypted asset are stored. Each time a transaction is issued, data relating to the transaction is issued to the network 2 and is shared by all (or some) nodes (devices) connected to the network 2. The data includes, for example, records relating to each user's account address, remittance and receipt, transfer and exchange of digital rights, and the type of data varies depending on the transaction content.

For example, transactions that users can execute in a market on the blockchain (MPB = Market @ Place @ on @ Blockchain) using the electronic currency B include digitalization, buying and selling of encrypted rights, and By satisfying predetermined contract conditions, crowdfunding from investors is executed with the target amount being the upper limit. A menu corresponding to these transactions can be displayed on the terminal device 40.

4. Next, processing of the electronic currency issuing system in the present embodiment will be described. FIG. 8 is a flowchart showing processing of the electronic currency issuing system. FIG. 9 shows a total workflow of the electronic currency issuing system. FIG. 10 schematically illustrates a flow of scoring and display of a risk score in the workflow of the electronic currency issuing system. Hereinafter, description will be made mainly with reference to FIG.

The following processing is described as being executed by the electronic currency issuing device 10 (for example, the processing unit 11) unless otherwise specified, but a part of the processing is performed by the web server 20 (for example, the processing unit 21). ) Or the application server 30 (for example, the processing unit 31). Information processed by the electronic currency issuing device 10 (for example, the processing unit 11) is stored in the storage unit 12 in advance, and information processed by the electronic currency issuing device 10 (for example, the processing unit 11) is stored in the storage unit 12. It is stored as appropriate. Further, intermediate data in the processing of the electronic currency issuing device 10 (for example, the processing unit 11) can also be appropriately stored in the storage unit 12 or the internal memory of the processing unit 11.

First, for example, the electronic currency issuing device 10 (the processing unit 11) discloses an advertisement indicating business details on a website. For example, an advertisement indicating that an application from a fund consumer and an application from an investor have been accepted is disclosed. At least in this project, we will specifically identify fund consumers and investors. Anonymous transactions are difficult to maintain consistency with the existing international financial order and cannot be used for purposes other than settlement of credits, loans, etc. In this embodiment, anonymous transactions are not performed . Note that the specific means can adopt various modes depending on each country, each region, or the business scheme to be adopted (for example, when a financial institution is a service target). For example, a personal authentication number, a social security number, Which one of the identification information such as a number is to be obtained is determined in advance in consideration of any one or a plurality of viewpoints such as reliability of the identification information, work efficiency of the acquisition procedure, and an automation method. In addition, for example, the electronic currency issuing device 10 (the processing unit 11) compares (contrasts) the identification information with the information of the useful money laundering and antisocial power DB. In addition, the electronic currency issuing device 10 (processing unit 11) has an authentication unit that can identify the owner and the origin of the fund at each stage of issuing, distributing, and operating the electronic currency.

For example, the electronic currency issuing device 10 (processing unit 11) receives the solicitation conditions for investment or borrowing from the terminal device (consumer terminal) 40 of the fund customer, and receives the investment condition from the terminal device (investor terminal) 40 of the investor. Is received (S101).

The solicitation conditions include, for example, the amount of investment to be offered, the investment period, the investment return (ROI), and the presence or absence of preservation measures. The recruitment conditions further include, for example, information on the investment target and information on the investment target person. The introduced equipment / technology and who (including the business operator) the user (financial customer) belongs to the latter information. In other words, the solicitation condition is also a condition under which a fund consumer obtains investment from an investor and purchases a good (liquidation condition).

Investment conditions include, for example, investment amount (investment limit amount), desired investment period, desired investment return (ROI), and presence or absence of preservation measures.

In a Person-To-Person type transaction targeting individuals, the solicitation conditions include, for example, the loan amount, repayment period and repayment conditions, interest rates, and the presence or absence of preservation measures. Whether or not to include information that can legally prove the existence of the individual user can be determined in advance according to, for example, regulations on personal information in the place. Here, the place may be a place where the user or the terminal device 40 is located, a registered address of the user, or a place where the electronic currency issuing device 10 provides a service.

If the Target is not an individual company or individual, but a bank, investment bank, central bank, and credit or other settlement agency that provides financial services within a given country or region, the offer conditions and The investment conditions may include the type of end user (final consumer), total asset demand, transaction volume, expected yield per period, and the presence or absence of preservation measures.

For example, the electronic currency issuing device 10 (the processing unit 11) scores (scores) the conditions under which the fund consumer obtains the investment by the investor and purchases the goods (the above recruiting conditions), and presents the information to the P2P platform. (S103).

Score is a measure of the security of investment or the certainty of return execution. The score is, for example, a minimum value of 0 and a maximum value of 100, with 80 or higher indicating safe, 60-80 as standard, 40-60 as slightly alert, and 40 or lower as high risk. However, an investment ineligible project may be screened (approved) in advance at the application stage, and may not be reflected in the score value.

The score is calculated, for example, by an analysis engine on the platform side (for example, the processing unit 11 of the electronic currency issuing device 10), a cash flow (profit) that can be generated in future from funds procured by the fund consumer, and an expected dividend to the investor. Is calculated, and a score based on the calculated cash flow and / or expected dividend is calculated. Further, for example, the processing unit 11 of the electronic currency issuing device 10 divides the obtained score by a plurality of predetermined thresholds and ranks the scores in a plurality of stages as described above. Hereinafter, the score or the rank based on the score may be referred to as scoring information. The information presented here is, for example, scoring information and the above-mentioned recruitment conditions and investment conditions.

If the target of the score is a known financial institution (including a central bank), the electronic currency issuing device 10 (processing unit 11) issues an inquiry about the rating of an existing credit evaluation institution (such as S & P). Instead of scoring, submit information to a P2P platform in the form of a credit rating agency (AA, etc.).

(4) It is not necessary that the assets to be invested and the investors be 1: 1. For example, a plurality of investors can invest in an asset to be invested. In some cases, one or more asset owners purchase baskets of a plurality of assets. However, basket conversion may be realized by grouping assets into investment targets for each of the same score divisions (ranks). Alternatively, it is desirable that the asset itself belongs to the same system (for example, a system such as a lighting system, an air conditioning system, and a heat exchange system).

Steps S101 and S103 will be further described. For example, the electronic currency issuing device 10 (processing unit 11) is a platform on the Internet that is a fund consumer (user or EPC contractor) who wants to introduce energy-saving equipment, a profile of the fund consumer, an introduction facility / technology, an expected energy saving amount, Present the expected energy saving amount and the dividend rate to investors. In the case of the loan method, the electronic currency issuing device 10 (processing unit 11) presents interest rates, repayment conditions, and the like as individual information. Separately from this, the electronic currency issuing device 10 (processing unit 11) calculates a cash flow that can be generated in the future from the funds procured by the fund consumer and a dividend to the investor using an analysis engine on the platform side. The electronic currency issuing device 10 (processing unit 11) displays the scoring information on the screen of the terminal device of the investor (for example, a smartphone or a PC) using, for example, a three-stage score as the scoring information (fluidization). Condition). The above scoring information includes the installed equipment, equipment provider, provided technology (provider), installed equipment conditions (useful life, operating pressure if heat, etc.), and the contribution of other factors to performance. It can be calculated by weighting the contribution degree. The actual performance is taken into the electronic currency issuing device 10 as data at regular intervals, and the electronic currency issuing device 10 finds a difference from a target value and detects a divergence (gap) equal to or greater than a predetermined threshold. When detecting the deviation, the electronic currency issuing device 10 resolves the cause of the deviation by changing (reviewing) the weight (weight coefficient) of each factor. The change in the weight is finally reflected in the restructuring of the investment and loan scheme such as the scoring information, the dividend rate or the repayment condition rate, and the electronic currency issuing device 10 (processing unit 11) transmits the scoring information and the like on the platform. To re-present.

Next, for example, the electronic currency issuing device 10 (the processing unit 11) compares the recruitment conditions received from the fund consumer terminal 40 with the investment conditions received from the investor terminal 40 (S105). Further, for example, when both conditions match in step S105, the electronic currency issuing device 10 (processing unit 11) approves the conclusion of the contract, and executes the contract processing between the fund consumer and the investor in the fund consumer terminal 40. Is executed via the investor terminal 40 (S107).

{For example, the recruiting conditions and the investment conditions are put into a matrix, and are classified and matched, for example, as 80 cases and 60 cases. Specifically, one of the case where the return is high, the collection period is short, but the risk is high, and the case where the return is low, the collection period is long, but the risk is low, from the investor terminal 40, In accordance with the received investment condition, for example, the electronic currency issuing device 10 (processing unit 11) selects. Actually, various values occur, such as a case in which the return is high but the payback period is long, and a value depending on the size of the investment itself. However, as a result of the comparison, the electronic currency issuing device 10 (processing unit 11) notifies the investor terminal 40 again of the case where the conditions do not match, and transmits information indicating whether or not the investment is possible from the investor terminal 40. Receive.

契約 The contract process in step S107 will be described in more detail. If the recruitment condition from the fund consumer terminal 40 and the investment condition from the investor terminal 40 match, for example, the electronic currency issuing device 10 (processing unit 11) notifies the fund consumer terminal 40 and the investor Notify the terminal 40. In addition, for example, the electronic currency issuing device 10 (the processing unit 11) outputs the document information before the conclusion of the contract to the fund consumer terminal 40 (the terminal device of the energy saving user), and displays the information on the display unit of the fund consumer terminal 40. Display. Further, for example, the electronic currency issuing device 10 (processing unit 11) transmits information on the equipment to be purchased and the purchase conditions, a document on the conclusion of the contract, and a document on the best execution policy to the fund consumer terminal 40 and the investor terminal 40 (for example, a smartphone). , A terminal device such as a PC, etc.) to be displayed on the display unit. For example, if the score is set to three levels and the third is a high-risk high-return type, for example, the electronic currency issuing device 10 (processing unit 11) determines that the conditions are met when the supply and demand match in this category.

Conditions

1, 2, and 3 in FIG. 9 correspond to this. The fund consumer and the investor operate the fund consumer terminal 40 and the investor terminal 40, respectively, to indicate intention of application or cancellation. The fund consumer terminal 40 and the investor terminal 40 transmit an application confirmation notice to the electronic currency issuing device 10. The electronic currency issuing device 10 concludes a contract upon receiving the confirmation notification of the application, and issues an ID related to the delivery of the electronic currency. A match between the requisition conditions from the fund consumer terminal 40 and the investment conditions from the investor terminal 40 corresponds to detection of an investment for the requisition condition or detection of a fund demand for the investment condition. .

Next, for example, the electronic currency issuing device 10 (processing unit 11) issues the electronic currency A to the investor terminal 40 (S109). In other words, the investor purchases the electronic currency A via legal currency or a virtual currency other than the electronic currency A. The purchase price is an amount equivalent to the contract conditions. The rate at which the electronic currency A is purchased varies depending on the market. Here, for example, the rate at the time of purchase can be used. For example, the electronic currency issuing device 10 (processing unit 11) checks the total amount of the electronic currency A to be issued, and if it does not differ from the contract conditions, sends the electronic currency A to the investor (investor terminal 40). Issue. Data after the conclusion of the contract is stored on the blockchain, and the contract is executed based on the smart contract.

For example, the electronic currency issuing device 10 (processing unit 11) determines an exchange ratio from the electronic currency A to the electronic currency B (S111). Further, for example, the electronic currency issuing device 10 (processing unit 11) exchanges the electronic currency A and the electronic currency B at the determined exchange ratio (S113).

Here, the exchange ratio (first exchange ratio) from electronic currency A to electronic currency B will be described. The exchange ratio here can be represented by a format such as 1: 1. However, when represented by a value, it is represented by a value such that electronic currency A × exchange ratio = electronic currency 2. The electronic currency A is exchanged with the electronic currency B based on a predetermined first exchange ratio. The first exchange ratio determines the exchange ratio between the electronic currency B and the real asset purchased by the electronic currency B first, and then determines the exchange ratio from the electronic currency A to the electronic currency B. The exchange ratio between the electronic currency B and the real asset may be determined by a method of making the ratio of the local legal currency 1: 1 for convenience, or the fluctuation of the electronic currency A from a predetermined reference time such as a certain reference date. A method of fixing the price of the electronic currency B using the reciprocal of the ratio as an exchange ratio (E), and a method of adjusting the exchange ratio (E) with the local consumer price (CPI-C) and the short-term interest rate (I) For example, in the case of energy, for example, in the case of energy, a method of determining based on a unit price per unit calorific value (Joule) is used. In a case where the electronic currency B is exchanged for the electronic currency B at the issue point of the electronic currency A, the country where the electronic currency B circulates may be different from the country to which the issue point belongs.

第 The first exchange ratio can be changed as appropriate. More specifically, the exchange system using the electronic currency A is universal, whereas the electronic currency B is an exchange system based on purchasing power parity. By changing the first exchange ratio, it is possible to reduce the influence on the actual purchase of goods due to the price fluctuation of the electronic currency. Therefore, the electronic currency issuing device 10 specifies the type of the goods which is the basis of the purchasing power parity at the relevant time in the local area, and determines the exchange ratio in which the kinds of the goods are pegged in advance. The electronic currency issuing device 10 stores these pieces of information in the storage unit 12 in advance. Here, Big Mac and Starbucks latte are sometimes used as goods that serve as the basis for purchasing power parity, but there is a possibility that bias will occur with these products alone. Therefore, if a good to be purchased using the present electronic currency is determined, the electronic currency issuing device 10 may determine the first exchange ratio based on the price of the good or a good close to the good. Goods similar to goods are classified into categories and stored in the electronic currency issuing device 10, for example, so that the electronic currency issuing device 10 can determine that goods in the same category are similar goods. it can. In particular, depending on the case, it is also an investment target, and the unit price per unit energy of each carrier (for example, each of electricity, steam, and primary energy), which is originally a general-purpose product, is one of the indices that can be easily compared.

In step S111, the electronic currency issuing device 10 (processing unit 11) determines the legal currency (however, the local currency is limited) from the electronic currency B together with the first exchange ratio from the electronic currency A to B. Good. As described above, when determining the first exchange ratio from the electronic currency A to the electronic currency B, the purchasing power parity is used, and when the purchase of a specific asset is intended, the local price is determined. On the other hand, the exchange ratio (second exchange ratio) from the electronic currency B to the local legal currency is simply determined in advance as 1: 1 or 1: 2 and stored in the storage unit 12 of the electronic currency issuing device 10. May be done. For example, when electricity is purchased locally at 2 cents / Kw, it is only necessary to be able to purchase 1 Kw in two units of the electronic currency B.

電子 Through the above processing, the electronic currency B is issued in accordance with the amount invested by the investor. The electronic currency issuing device 10 (processing unit 11) enables a fund consumer to purchase goods using the electronic currency B using, for example, the customer terminal 40. For example, the electronic currency issuing device 10 transfers the issued electronic currency B to the account account of the fund consumer. The use of funds by fund consumers generates rewards for investors.

{For example, the electronic currency issuing device 10 (the processing unit 11) stores the reward in the storage unit 12 (S115). Rewards may be stored periodically. Rewards are derived, for example, from economical usage over time obtained from assets purchased by asset consumers, and include economic usages obtained through energy saving effects. Rewards may occur over time, for example, monthly. The reward may be equivalent to a monthly principal and interest repayment.

例えば Further, for example, the electronic currency issuing device 10 (processing unit 11) calculates a payout and gives it to the investor terminal 40 (S119). For example, the electronic currency issuing device 10 (processing unit 11) calculates a payout amount by distributing a reward (total payout) to the investor in accordance with the invested amount, and calculates the payout amount to each investor terminal 40. Is given.

For example, the electronic currency issuing device 10 (processing unit 11) may transmit the information (report) shown in FIG. These pieces of information may be provided from, for example, the customer terminal 40, and past information may be stored in the storage unit 12 of the electronic currency issuing device 10. Information as shown in FIG. 11 is displayed on the display unit of the investor terminal 40.

配当 In this way, dividends or repayments are made to investors based on the contract. The recording of the status of the digital asset on which the dividend or repayment is based and the execution of the dividend or repayment are performed based on the smart contract on the blockchain. In addition, the electronic currency issuing device 10 (processing unit 11) calculates a usage fee in accordance with one or more of the usage amount, usage frequency, and trial period (fixed amount) of the electronic currency B, and bills the user, The usage fee and the payout may be offset to pay a payout.

The electronic currency B exchanged from the electronic currency A may be distributed as an electronic currency compatible with the local legal currency. For example, the processing unit 11 of the electronic currency issuing device 10 may issue the exchanged electronic currency B as an electronic currency compatible with the local legal currency. In addition, due to the non-anonymity imparted as described above, the present electronic currency can be used for purposes other than anonymous settlement. Therefore, in addition to the settlement, the electronic currency B may be provided with a combined escrow, loan, and fund management (third party credit) functions. Since the electronic currency B is defined as a credit instead of a negotiable deposit, it may be operated and settled when the electronic currency B is not used. On the other hand, if funds are insufficient, borrowing may be performed. After these are processed off-chain, only the difference which is the difference may be processed on the blockchain at regular intervals, and stored in the distributed ledger.

At the time of non-settlement of e-currency B, invest in receivables in the blockchain market (MPM = Market-Place-Blockchain) for digital and encrypted assets escrowed to real assets using e-currency B and reward You may get it. Further, at the time of settlement of the electronic currency B, the receivables may be sold to acquire an electronic currency which can be used for settlement.

For example, when the exchanged electronic currency B has not been exchanged for a good, the processing unit 11 of the electronic currency issuing device 10 transmits the digitalized and encrypted asset escrowed to the real asset using the electronic currency B. For the target, an investment process for investing in a loan in a market (MPM = Market-Place-Blockchain) on the blockchain may be executed. Thereby, the reward by the bond investment is acquired, and the processing unit 11 may store the acquired reward in the storage unit 12 or an appropriate storage device. Then, at the time of settlement in which the electronic currency B is exchanged for goods, the processing unit 11 acquires an electronic currency that can sell the above-mentioned receivables and provide the settlement. The investment process may be, for example, a process in which the processing unit 11 purchases a predetermined bond in accordance with the issued amount of the electronic currency B, or the processing unit 11 may use a predetermined index from a plurality of bonds. It may be a process of selecting and purchasing a bond based on the credit, or another process executed by the processing unit 11. As described above, funds may be managed using the electronic currency B after the electronic currency B is issued until the electronic currency B is exchanged for goods.

Further, the total amount of issued electronic currency may be monitored and regulated based on dVm−dVg = 1ｇT / ta (1−T / t). However, dVm is the total value increase of the currency during the predetermined period, dVg is the total value increase of the goods excluding the currency during the predetermined period, and l · T / t is the liquidity premium during the predetermined period. The product of the transaction amount and a · (1−T / t) is the amount of currency value loss during a predetermined period. For example, the processing unit 11 of the electronic currency issuing device 10 monitors the total amount of the electronic currency A or B to be issued or exchanged, and stores, displays, or transmits a value given by the following equation.
dVm−dVg = 1ｌT / ta ・ (1−T / t)
Here, dVm: the total increase amount of the electronic currency during a predetermined period,
dVg: total value increase of goods excluding currency during a predetermined period,
l · T / t: product of the liquidity premium and the transaction volume during a predetermined period,
a · (1−T / t): the amount of loss of currency value during a predetermined period. Also, the processing unit 11 outputs, for example, a value given by the above equation or any one of a plurality of terms constituting the above equation. An alert may be issued when the value exceeds a predetermined value.

As described above, the fund consumer may be, for example, a financial institution that provides funds to end users, including companies or individuals, a foreign exchange agency that mediates remittances, or financial services for end users on behalf of financial institutions. May be those who provide bulk funding needs. In this case, the fund consumer terminal is the terminal device 40 associated with the fund consumer.

The processing unit 11 (for example, the non-anonymity information processing unit 122) outputs the non-anonymity information related to the owner or the source of the fund at each stage of issuing, distributing, and operating the electronic currency A and / or the electronic currency B. , The electronic currency A and / or the electronic currency B may be stored. More specifically, the processing unit 11 may check the non-anonymity information with a database having an authentication unit for authenticating a company and an individual, and store the non-anonymity information on a blockchain. . As a result, the flows of the electronic currencies A and B can be traced on the blockchain. In addition, when processing a function other than settlement including credit, escrow, loan, or investment management provided to the electronic currency, the processing unit 11 stores the owner stored in association with the electronic currency A and / or B. May be referred to. As described above, functions other than settlement, including credit, escrow, loan, and investment management, can be provided to the electronic currency using the anonymity of the currency.

The processing unit 11 calculates credit information given by a third party or credit information given to a third party, manages the execution state of functions other than settlement including credit, escrow, loan, or investment management, or setstle The execution of the function other than the above may be supported. Here, an existing calculation method can be used for calculating the credit information. As an example, the processing unit 11 may calculate (credit amount−repayment amount) × interest rate × credit period to obtain credit information. Each piece of information used for the calculation may be stored in the storage unit 12 in advance, or may be obtained from another appropriate device. Managing the execution state may include, for example, recording of history information. Supporting execution may include, for example, remittance of an electronic currency, or collation of a digital asset moved by an electronic signature with a real asset such as cash as needed.

The processing unit 11 (for example, the exchange ratio setting unit 123) calculates the exchange ratio from the electronic currency A to the electronic currency B,
(1) Peg the electronic currency B with a predetermined local legal currency, and set the exchange value between the electronic currency B and the local legal currency to 1: 1.
(2) setting the reciprocal of the change ratio of the electronic currency A from a predetermined reference time, and (3) setting the change ratio of the electronic currency A from the predetermined reference time. The reciprocal may be set by setting E> E (1 + C) or E> E (1 + CI), where E is the consumer price, CPI is the consumer price CPI, and I is the local short-term interest rate.

The processing unit 11 (for example, the charging control unit 121) sets the usage fee according to any one or more of the usage amount, the usage frequency, and the usage period in which the fund consumer and the investor use the electronic currency B through the terminal device 40. The calculated usage fee may be stored in association with the identification information of the fund consumer and the investor. Here, examples of the usage amount include, for example, the number of transactions, the amount of issued or held currency, or the profit obtained from investment using electronic currency. Usage fees are charged to fund consumers and investors. Note that the electronic currency issuing system may include a charging server that executes such calculation of usage fee, charging, and billing. In this case, at least a part of the processing of the processing unit 11 is executed by the processing unit of the billing server.

The processing unit 11 (for example, the charging control unit 121) sets the usage fee according to any one or more of the usage amount, the usage frequency, and the usage period in which the fund consumer and the investor use the electronic currency B through the terminal device 40. The calculated usage fee may be stored in association with the identification information of the fund consumer and the investor. The usage fee is charged to the fund consumer and the investor once, and then may be pooled and a part thereof may be redistributed as a reward to the holder according to the holding ratio of the electronic currency. More specifically, the processing unit 11 calculates the amount obtained by multiplying the usage fee using the electronic currency B by the customer terminal and the investor terminal by a predetermined ratio, and determines the calculated amount as the holder of the electronic currency B A remittance process to distribute to the holder according to the holding ratio of the holder. Here, the predetermined ratio can be determined in advance. Distributing to the holder of the electronic currency B includes storing the remittance amount in association with the identification information of the holder of the electronic currency B. A billing server that performs calculation, billing, and billing processing may be provided. In this case, at least a part of the processing of the processing unit 11 is executed by the processing unit of the billing server.

When the value of dVm-dVg deviates from the reference value determined in advance for each area where the electronic currency is operated, the processing unit 11 (for example, the notifying unit 124) A notification or alarm may be issued to the holder. The case where the value deviates from the reference value is, for example, a case where the range of the reference value is predetermined and the value of dVm−dVg is out of the range of the reference value, or the value of dVm−dVg and the reference value Is greater than a predetermined value.

The processing unit 11 determines whether one of the electronic currencies A and B is compatible with a local currency of a second country different from the first country at an exchange in the first country that trades at least one of the electronic currencies A and B. It may be directly exchanged for the other of the electronic currencies A and B having.

Note that the above-described processing is one example of the present embodiment, and the present invention is not limited to this. Since the statutory procedures based on the laws of each country are different even for the same type of business, the processing flow differs depending on the region and country where the process is executed. For example, the Investment Law, the Banking Law, the Securities and Exchange Law, the Money Laundering Prevention Law, and the Personal Information Protection Law are the main applicable laws and regulations of compliance, but are not limited thereto. Examples of internal storage records and their storage methods include order slips, settlement measure confirmation records, transaction diaries, customer account ledgers, segregation management status of customer assets, transaction reports to investors, and transaction balance reports. There are records etc.

電子 In addition, after the electronic currency B is paid to the fund consumer, it may be finally exchanged with the local currency at a fixed exchange rate. Further, the usage of the electronic currency may be limited to a specific usage. Or, more broadly, the value of a currency may be limited to its value in use. The method of exchange with local currencies can be determined according to local laws and the state of the development of financial infrastructure, and in some cases, services are delegated to existing banks and other financial institutions in the region. Furthermore, there is a case where the exchange rate with the local currency is set to 1: 1 to distribute as an alternative legal electronic currency.

Note that the present embodiment can be further configured as follows.

(Use of point mileage)
The electronic currency B in this embodiment can also be given and exchanged points and mileage within a specific business (shop) or group using a private blockchain. For example, points (or mileage) at which merchandise can be purchased between a specific business (shop) or a business group composed of a plurality of businesses and general users (for example, investor terminals and customer terminals). And exercises on the private blockchain. Further, the points can be provided for payment integrally with the electronic currency B (or LocalToken). The points are stored on the private blockchain by the application server 30 or the electronic currency issuing device 10 corresponding to the users (for example, the investor terminal and the consumer terminal). The investor terminal and the consumer terminal can display the point balance and increase / decrease through an API (Application Programming Interface) provided by these devices. Here, the private block chain is, for example, a block chain in which a predetermined node (apparatus) verifies a transaction, and is a separate block chain from a block chain that stores a transaction such as issuance of an electronic currency. (Second block chain). Note that the information may be stored in an appropriate block chain such as the above-described block chain other than the private block chain.

For example, the application server 30 (processing unit 31) is a point at which goods or services can be purchased between a specific business entity or a business group composed of a plurality of business entities and consumers and investors. Alternatively, the mileage is stored in the blockchain. Further, the processing unit 31 performs a payment process for purchasing a product or service using the points or mileage and the electronic currency B integrally. These processes may be executed by a processing unit of an appropriate device other than the processing unit 31.

(Cumulative reward)
The stakeholders (for example, investor terminals) of the electronic currency of the present embodiment include, in addition to the interest from the primary credit beneficiary (consumer terminal) based on the provision of the electronic currency and the reward derived from the settlement fee, It is also possible to receive a predetermined percentage of rewards from the n-th credit provider (n is an integer of 2 or more; another customer terminal). FIG. 17 shows an example of credit provision and accumulation of rewards using electronic currency. One of the merits of the electronic currency of the present embodiment is that, for ordinary receivables, the return expires with the maturity of the receivable, whereas the second credit beneficiary, the third credit beneficiary ... In the same way as credit beneficiaries, cumulative and overlapping investment return income can be expected from the chain reaction. Further, the liquidity premium is increased by synchronizing with credit creation, and the value of the electronic currency itself in the present embodiment increases, so that the exchange value of the electronic currency itself as an asset can also increase.

For example, the processing unit 11 of the electronic currency issuing device 10 stores the supply of the second electronic currency from the consumer terminal to the second consumer terminal. In addition, the processing unit 11 stores a reward from the customer terminal and / or a reward from the second customer terminal corresponding to the investor terminal.

Further, the processing unit 11 further stores the supply of the second electronic currency from the (i−1) -th (i is an integer of 3 to n, n is an integer of 3 or more) consumer terminal to the i-th consumer terminal. Then, the reward from the i-th customer terminal may be further stored corresponding to the investor terminal. Through these processes, the rewards from the second to n-th customer terminals can be cumulatively stored together with the rewards from the customer terminals. The processing unit 11 can store these rewards, for example, on a block chain. In addition, not only the investor terminal but also each consumer terminal can receive the reward cumulatively. The reward distribution ratio can be determined in advance. These processes may be executed by a processing unit of an appropriate device other than the processing unit 11.

(Currency issuing model)
In the system of the present embodiment, as shown in FIG. 22, not only individuals and companies but also commercial banks, central banks, and public institutions in the country or region as investors or consumers participate in the network scheme as nodes. be able to. A terminal corresponding to any of these entities may be used as the above-described investor terminal or customer terminal.

(Electronic currency compatible with international key currency and electronic currency compatible with local currency)
The electronic currency B may be an electronic currency compatible with the international key currency. Here, examples of the international key currency include, for example, USD (US dollar), euro and pound. For example, the processing unit 11 may exchange the electronic currency A for an electronic currency B that is compatible with the international key currency. Further, the processing unit 11 converts the electronic currency B (second electronic currency) compatible with the international base currency into the electronic currency B (second electronic currency) compatible with the local currency other than the international base currency. For example, in the POE, further exchange may be performed using a predetermined exchange ratio. Here, examples of the local currency include, but are not limited to, Swiss franc, Norwegian krone, Swedish krona, Danish krone and the like. The processing unit 11 stores the electronic currency B, which is compatible with the local currency, together with the electronic currency B, which is compatible with the international basic currency, with the customer terminal, for example, in a blockchain.

5. Supplementary Note Some or all of the above embodiments may be described as in the following supplementary notes, but are not limited to the following.

(Appendix 1)
An electronic currency issuing system that issues electronic currency managed by a blockchain,
A processing unit for performing processing;
A storage unit for storing information;
A communication control unit that communicates with the fund consumer terminal and the investor terminal via a network,
The processing unit includes:
Presenting, on a P2P (Peer-to-Peer) platform, an offer condition including an amount of funding received from the fund consumer terminal and / or an investment condition including an investment amount received from the investor terminal. And
An electronic currency issuance system that issues the electronic currency according to a fund solicitation amount or an investment amount when an investment in the solicitation condition or a fund demand for the investment condition is detected.

(Appendix 2)
The electronic currency is a first electronic currency in which an exchange ratio with a legal currency or another electronic currency fluctuates,
The processing unit includes:
Issue the first electronic currency when the recruitment conditions received from the fund consumer terminal and the investment conditions received from the investor terminal match,
The issued first electronic currency is exchanged for a second electronic currency at a predetermined exchange ratio,
2. The electronic currency issuing system according to claim 1, wherein the exchanged second electronic currency is stored in association with the customer terminal.

(Appendix 3)
The processing unit includes:
Enabling funding consumers to purchase goods using a second electronic currency;
The electronic currency according to claim 2, wherein after the purchase of the goods, a dividend amount to the investor is calculated based on the reward derived from the digitized asset escrowed to the good, and the dividend amount is transmitted to the investor terminal. Publishing system.

(Appendix 4)
The processing unit includes:
Obtain a score for investment risk based on the recruitment conditions received from the fund consumer terminal,
The electronic currency issuing system according to Appendix 1, further presenting the score on a P2P platform.

(Appendix 5)
The processing unit includes:
When the recruitment conditions received from the fund consumer terminal and the investment conditions received from the investor terminal match, the contract processing between the fund consumer and the investor is performed via the fund consumer terminal and the investor terminal. The electronic currency issuing system according to Appendix 1, wherein the electronic currency issuing system is executed.

(Appendix 6)
In the recruitment conditions, the fund consumer does not specify the goods to be purchased, but specifies the credit line of the amount that the fund consumer can exchange for the goods,
The processing unit includes:
2. The electronic currency issuing system according to claim 1, wherein, when an investment in the solicitation condition that specifies a credit line is detected, the electronic currency is issued in accordance with a fund solicitation amount or an investment amount.

(Appendix 7)
The processing unit includes:
The recruitment conditions received from the fund consumer terminal are subdivided into a plurality of items by a predetermined analysis engine, and weighted by multiplying each item by a weight indicating a degree of contribution to rewards obtained from finance. The electronic currency issuing system according to Appendix 4, wherein the recruitment conditions are scored, and the score is presented on a P2P platform.

(Appendix 8)
The processing unit includes:
For the generated reward, calculate the gap between the predetermined target value and the actual value,
8. The electronic currency issuing system according to claim 7, wherein the weight is changed so as to reduce the gap, the score of the recruitment condition is changed, and the score is newly presented on a P2P platform.

(Appendix 9)
The processing unit includes:
The exchange rate from the first e-currency to the second e-currency is calculated based on the location and timing of the acquisition of goods, the average unit price per unit energy (Joule) at the place, and the type of goods to be acquired. Or depending on more than one,
With a changed exchange rate. 2. The electronic currency issuing system according to claim 1, wherein the first electronic currency is exchanged for a second electronic currency.

(Appendix 10)
The processing unit includes:
2. The electronic currency issuing system according to claim 1, wherein the second electronic currency is exchanged for the legal currency at a predetermined exchange ratio from the second electronic currency to the legal currency.

(Appendix 11)
The electronic currency issuance system according to Appendix 1, wherein trading of digitized assets escrowed into goods by a plurality of terminal devices is performed in a market (MPB: Market Place on Blockchain) on a blockchain.

(Appendix 12)
2. The electronic currency issuance system according to claim 1, wherein the fund consumer terminal performs crowdfunding on a market on the blockchain from an investor with a predetermined target amount as an upper limit.

(Appendix 13)
3. The electronic currency issuing system according to claim 2, wherein the second electronic currency exchanged is issued as an electronic currency compatible with the local legal currency.

(Appendix 14)
The processing unit includes:
At the time of settlement, when the exchanged second e-currency is not exchanged for goods, investing in the blockchain market for digitalized and encrypted assets escrowed into real assets using the second e-currency Execute the investment process to store the rewards for bond investment,
3. The electronic currency issuing system according to claim 2, wherein at the time of settlement in which the second electronic currency is exchanged for goods, the receivable is sold to obtain an electronic currency which can be used for settlement.

(Appendix 15)
The processing unit includes:
Monitor the total amount of the first or second electronic currency to be issued or exchanged,
dVm−dVg = 1ｌT / ta ・ (1−T / t)
Here, dVm: the total increase amount of the electronic currency during a predetermined period,
dVg: total value increase of goods excluding currency during a predetermined period,
l · T / t: product of the liquidity premium and the transaction volume during a predetermined period,
a. (1-T / t): The electronic currency issuing system according to Appendix 2, which stores, displays or transmits a value given by the amount of currency value loss during a predetermined period.

(Appendix 16)
The fund consumer is a financial institution that supplies funds to end users including companies or individuals, a money exchange company that mediates remittances, or a person who provides financial services for the end users on behalf of financial institutions Are those who have bulked capital needs in
2. The electronic currency issuing system according to claim 1, wherein the fund consumer terminal is a terminal associated with the fund consumer.

(Appendix 17)
The processing unit includes:
At each stage of issuing, distributing and operating the first electronic currency and / or the second electronic currency, the non-anonymous information relating to the owner or the source of the fund is transferred to the first electronic currency and / or the second electronic currency. The electronic currency issuing system according to Supplementary Note 2, which stores the electronic currency in association with the electronic currency.

(Appendix 18)
The processing unit includes:
The non-anonymity information is checked against a database having an authentication means for authenticating a company and an individual, and the non-anonymity information is stored on a blockchain so that the flow of electronic currency can be traced on the blockchain. 18. The electronic currency issuing system according to attachment 17.

(Appendix 19)
The processing unit includes:
The electronic device according to Supplementary Note 18, which refers to the owner information stored in association with the electronic currency when processing a function other than settlement including credit, escrow, loan, or investment management, which is provided to the electronic currency. Currency issuing system.

(Appendix 20)
The processing unit includes:
Calculates credit information given by a third party or credit information given to a third party, manages the execution status of functions other than settlement, including credit, escrow, loan, or investment management, or manages the functions other than settlement The electronic currency issuance system according to Appendix 19, which supports execution.
(Appendix 21)
The processing unit includes:
The exchange ratio from the first electronic currency to the second electronic currency,
(1) pegging the second electronic currency with a predetermined local legal currency, and setting the exchange value of the second electronic currency and the local legal currency to be 1: 1;
(2) setting the change ratio of the first electronic currency from a predetermined reference time to the reciprocal of the change ratio; and (3) starting from the predetermined reference time of the first electronic currency. E is the reciprocal of the fluctuation ratio of E, the adjusted fluctuation ratio is Ea, the consumer price CPI is C, and the local short-term interest rate is I, Ea> E (1 + C) or Ea> E (1 + CI). 2. The electronic currency issuing system according to claim 2, wherein the electronic currency issuing system is set to any of the following.

(Appendix 22)
The processing unit includes:
The usage fee is calculated and used according to one or more of the usage amount, usage frequency, usage period, and profit obtained from the investment using the electronic currency when the consumer terminal and the investor terminal use the second electronic currency. The electronic currency issuing system according to claim 2, wherein the fee is stored in association with identification information of the customer and the investor.

(Appendix 23)
The processing unit includes:
The processing unit notifies the holder of the electronic currency when the value of dVm-dVg for the first or second electronic currency deviates from a predetermined reference value for each area where the electronic currency is operated. Alternatively, the electronic currency issuing system according to supplementary note 15 that issues an alarm.

(Appendix 24)
The processing unit includes:
In a first national exchange that trades at least one of the first and second electronic currencies, one of the first and second electronic currencies is compatible with a local currency of a second nationality different from the first nationality. 3. The electronic currency issuing system according to claim 2, wherein the electronic currency is directly exchanged for the other one of the first and second electronic currencies having the property.

(Appendix 25)
The processing unit calculates an amount obtained by multiplying the usage fee using the second electronic currency by the customer terminal and the investor terminal by a predetermined ratio, and stores the calculated amount in the possession of the holder of the second electronic currency. 23. The electronic currency issuing system according to Supplementary Note 22, which executes a remittance process of distributing to the holder according to the ratio.

(Appendix 26)
The processing unit, a specific business, or a business group composed of a plurality of business, and points or mileage that can purchase goods or services between the customer and the investor, block Remember in the chain,
3. The electronic currency issuing system according to claim 2, wherein the processing unit uses the points or mileage and the second electronic currency integrally to perform payment processing for purchase of a product or service.

(Appendix 27)
The processing unit includes:
Storing a supply of a second electronic currency from the customer terminal to a second customer terminal;
3. The electronic currency issuing system according to claim 2, wherein a reward from the customer terminal and / or a reward from the second customer terminal are stored in correspondence with the investor terminal.

(Appendix 28)
The processing unit includes:
Further storing the supply of the second electronic currency from the (i-1) -th (i is an integer of 3 to n, n is a predetermined integer of 3 or more) consumer terminals to the i-th customer terminal;
28. The electronic currency issuing system according to Appendix 27, further storing a reward from the i-th customer terminal corresponding to the investor terminal.

(Appendix 29)
The second electronic currency exchanged from the first electronic currency is a second electronic currency compatible with an international key currency;
The processing unit includes:
Further exchanging the second electronic currency compatible with the international basic currency with a second electronic currency compatible with the local currency other than the international basic currency at a predetermined exchange ratio;
The electronic currency issuance according to claim 2, wherein a second electronic currency compatible with the local currency is stored in association with the customer terminal together with a second electronic currency compatible with the international base currency. system.

(Appendix 30)
A processing unit for performing processing;
A storage unit for storing information;
A communication control unit that communicates with the fund consumer terminal and the investor terminal via a network,
The processing unit includes:
Investing in the first electronic currency in which the exchange rate with the legal currency or another electronic currency fluctuates when the fund solicitation condition received from the fund consumer terminal and the investment condition received from the investor terminal match. Issued to the home terminal,
The issued first electronic currency is exchanged for a second electronic currency at a predetermined exchange ratio,
An electronic currency issuing system that stores the exchanged second electronic currency in the storage unit in association with the customer terminal.

(Appendix 31)
An electronic currency issuing method using an electronic currency issuing device that issues an electronic currency managed by a blockchain,
The processing unit of the electronic currency issuing device,
Presenting, on a P2P (Peer-to-Peer) platform, the solicitation conditions including the amount of funding received from the fund consumer terminal and / or the investment conditions including the investment amount received from the investor terminal,
An electronic currency issuance method for issuing the electronic currency according to a fund offer amount or an investment amount when an investment for the offer condition or a fund demand for the investment condition is detected.

(Appendix 32)
What is claimed is: 1. A computer-readable recording medium storing an electronic currency issuing program for issuing an electronic currency managed by a blockchain, said electronic currency issuing program comprising: a computer for receiving a fund received from a fund consumer terminal; Presenting, on a P2P (Peer-to-Peer) platform, an offer condition including an investment amount and / or an investment condition including an investment amount received from an investor terminal;
A storage medium for executing processing for issuing the electronic currency in accordance with the fundraising amount or the investment amount when an investment for the funding condition or a fund demand for the investment condition is detected.

(Appendix 33)
An electronic currency issuance program for issuing an electronic currency managed by a blockchain, wherein the electronic currency issuance program includes, on a computer, a funding condition including a fundraising amount received from a fund consumer terminal, and / or Presenting the investment conditions including the investment amount received from the investor terminal on a P2P (Peer-to-Peer) platform;
And an electronic currency issuing program for executing a process of issuing the electronic currency in accordance with a fund solicitation amount or an investment amount when an investment for the investment condition or a fund demand for the investment condition is detected.

(Appendix 34)
An electronic currency issuing device that issues electronic currency managed by a blockchain,
A processing unit for performing processing;
A storage unit for storing information;
A communication control unit that communicates with the fund consumer terminal and the investor terminal via a network,
The processing unit includes:
Presenting, on a P2P (Peer-to-Peer) platform, an offer condition including an amount of funding received from the fund consumer terminal and / or an investment condition including an investment amount received from the investor terminal. And
An electronic currency issuing device that issues the electronic currency in accordance with the amount of fund solicitation or the amount of investment when an investment for the investment condition or a fund demand for the investment condition is detected.

構成 The above-described configurations and processes may be appropriately combined. For example, the electronic currency issuing system described in Appendix 4 may be combined with the electronic currency issuing system described in Appendix 2. The same applies to the description of other supplementary notes. Further, the configurations or processes described in Supplementary notes 2 to 29 may be combined with Supplementary notes 30 to 34.

6. 3. Modifications Although the embodiments of the present invention have been described above, the present invention is not limited to these embodiments. It will be understood by those skilled in the art that these embodiments are merely illustrative and that various modifications may be made without departing from the scope and spirit of the invention.

For example, each of the above-described processes may be executed in an order other than the order shown in the drawings and the above-described processes, or at least a part thereof may be executed in parallel. In addition, some of the processes may be omitted, or may be added to other processes. Each of the above-described devices may be configured by one device, or may be configured by a plurality of devices. Further, a plurality of the above-described devices may be integrally formed. Further, some functions of the above-described device may be realized by another device.

Also, a method including the processing of the above components may be provided, and a program (or a program medium) for causing a processor to execute the processing of the above components may be provided. In addition, a non-transitory recording medium (Non-transitory computer readable medium) that can be read by a computer that records the program may be provided. Naturally, such devices, modules, methods, programs, and non-transitory computer-readable recording media are also included in the present invention.

The present invention is applicable to, for example, an IT (Information Technology) system.

Reference Signs List 10 electronic currency issuing device 11 processing unit 12 storage unit 16 communication control unit 20 web server 30 application server 40 terminal device 60 gateway

Claims

An electronic currency issuing system that issues electronic currency managed by a blockchain,
A processing unit for performing processing;
A storage unit for storing information;
A communication control unit that communicates with the fund consumer terminal and the investor terminal via a network,
The processing unit includes:
Presenting, on a P2P (Peer-to-Peer) platform, an offer condition including an amount of funding received from the fund consumer terminal and / or an investment condition including an investment amount received from the investor terminal. And
An electronic currency issuance system that issues the electronic currency according to a fund solicitation amount or an investment amount when an investment in the solicitation condition or a fund demand for the investment condition is detected.
The electronic currency is a first electronic currency in which an exchange ratio with a legal currency or another electronic currency fluctuates,
The processing unit includes:
Issue the first electronic currency when the recruitment conditions received from the fund consumer terminal and the investment conditions received from the investor terminal match,
The issued first electronic currency is exchanged for a second electronic currency at a predetermined exchange ratio,
The electronic currency issuing system according to claim 1, wherein the exchanged second electronic currency is stored in association with the customer terminal.
The processing unit includes:
Enabling funding consumers to purchase goods using a second electronic currency;
3. The electronic electronic device according to claim 2, wherein after the purchase of the good, a payout amount to the investor is calculated based on the reward derived from the digitized asset escrowed to the good, and the payout amount is transmitted to the investor terminal. Currency issuing system.
The processing unit includes:
Obtain a score for investment risk based on the recruitment conditions received from the fund consumer terminal,
The electronic currency issuing system according to claim 1, further comprising presenting a score on a P2P platform.
The processing unit includes:
When the recruitment conditions received from the fund consumer terminal and the investment conditions received from the investor terminal match, the contract processing between the fund consumer and the investor is performed via the fund consumer terminal and the investor terminal. 2. The electronic currency issuing system according to claim 1, wherein the electronic currency issuing system is executed.
In the recruitment conditions, the fund consumer does not specify the goods to be purchased, but specifies the credit line of the amount that the fund consumer can exchange for the goods,
The processing unit includes:
The electronic currency issuing system according to claim 1, wherein when an investment in the solicitation condition specifying a credit line is detected, the electronic currency is issued in accordance with a fund solicitation amount or an investment amount.
The processing unit includes:
The recruitment conditions received from the fund consumer terminal are subdivided into a plurality of items by a predetermined analysis engine, and weighted by multiplying each item by a weight indicating a degree of contribution to rewards obtained from finance. The electronic currency issuing system according to claim 4, wherein the recruiting conditions are scored, and the score is presented on a P2P platform.
The processing unit includes:
For the generated reward, calculate the gap between the predetermined target value and the actual value,
The electronic currency issuing system according to claim 7, wherein the weight is changed so that the gap is reduced, the score of the recruitment condition is changed, and the score is newly presented on a P2P platform.
The processing unit includes:
The exchange rate from the first electronic currency to the second electronic currency is calculated based on the location and timing of the acquisition of the goods, the average unit price per unit energy (Joule) at the place, and the type of the goods to be acquired. Change according to one or more,
With a changed exchange rate. 4. The electronic currency issuing system according to claim 3, wherein the first electronic currency is exchanged for a second electronic currency.
The processing unit includes:
2. The electronic currency issuing system according to claim 1, wherein the second electronic currency is exchanged for the legal currency at a predetermined exchange ratio from the second electronic currency to the legal currency.
The electronic currency issuance system according to claim 1, wherein the digital asset escrowed by the plurality of terminal devices is traded in a market (MPB: \ Market \ Place \ on \ Blockchain) on the blockchain.
2. The electronic currency issuing system according to claim 1, wherein the fund consumer terminal performs crowdfunding on a market on the blockchain from an investor with a preset target amount as an upper limit.
The electronic currency issuing system according to claim 2, wherein the second electronic currency exchanged is issued as an electronic currency compatible with the local legal currency.
The processing unit includes:
At the time of settlement, when the exchanged second e-currency is not exchanged for goods, investing in the blockchain market for digitalized and encrypted assets escrowed into real assets using the second e-currency Execute the investment process to store the rewards for bond investment,
3. The electronic currency issuing system according to claim 2, wherein at the time of settlement in which the second electronic currency is exchanged for a good, the receivable is sold to acquire an electronic currency that can be used for settlement.
The processing unit includes:
Monitor the total amount of the first or second electronic currency to be issued or exchanged,
dVm−dVg = 1ｌT / ta ・ (1−T / t)
Here, dVm: the total increase amount of the electronic currency during a predetermined period,
dVg: total value increase of goods excluding currency during a predetermined period,
l · T / t: product of the liquidity premium and the transaction volume during a predetermined period,
a. (1−T / t): The electronic currency issuing system according to claim 2, wherein a value given by the amount of currency value damage during a predetermined period is stored, displayed or transmitted.
The fund consumer is a financial institution that supplies funds to end users including companies or individuals, an exchange agency that mediates remittances, or a person that provides financial services for the end users on behalf of financial institutions. A person with bulk funding needs,
The electronic money issuing system according to claim 1, wherein the fund consumer terminal is a terminal associated with the fund consumer.
The processing unit includes:
At each stage of issuing, distributing and operating the first electronic currency and / or the second electronic currency, the non-anonymous information relating to the owner or the source of the fund is transferred to the first electronic currency and / or the second electronic currency. 3. The electronic currency issuing system according to claim 2, wherein the electronic currency issuance is stored in association with the electronic currency.
The processing unit includes:
The non-anonymity information is checked against a database having an authentication means for authenticating a company and an individual, and the non-anonymity information is stored on a blockchain so that the flow of electronic currency can be traced on the blockchain. The electronic currency issuing system according to claim 17, wherein:
The processing unit includes:
19. The electronic device according to claim 18, wherein when processing a function other than settlement including credit, escrow, loan, or investment management given to the electronic currency, the information of the owner stored in association with the electronic currency is referred to. Currency issuing system.
The processing unit includes:
Calculates credit information given by a third party or credit information given to a third party, manages the execution status of functions other than settlement, including credit, escrow, loan, or investment management, or manages the functions other than settlement The electronic currency issuing system according to claim 19, which supports execution.
The processing unit includes:
The exchange ratio from the first electronic currency to the second electronic currency,
(1) pegging the second electronic currency with a predetermined local legal currency, and setting the exchange value of the second electronic currency and the local legal currency to be 1: 1;
(2) setting the change ratio of the first electronic currency from a predetermined reference time to the reciprocal of the change ratio; and (3) starting from the predetermined reference time of the first electronic currency. E is the reciprocal of the fluctuation ratio of E, the adjusted fluctuation ratio is Ea, the consumer price CPI is C, and the local short-term interest rate is I, Ea> E (1 + C) or Ea> E (1 + CI). The electronic currency issuing system according to claim 2, wherein the electronic currency issuing system is set to one of the following.
The processing unit includes:
The usage fee, usage frequency, and usage period in which the consumer terminal and the investor terminal use the second electronic currency are calculated according to one or more of the usage periods, and the usage fee is identified by the identification information of the customer and the investor. 3. The electronic currency issuing system according to claim 2, wherein the electronic currency issuance system is stored in association with the electronic currency.
The processing unit includes:
The processing unit notifies the owner of the electronic currency when the value of dVm-dVg for the first or second electronic currency deviates from a predetermined reference value for each area where the electronic currency is operated. 16. The electronic currency issuing system according to claim 15, wherein the electronic currency issuing system issues an alarm.
The processing unit includes:
In a first national exchange that trades at least one of the first and second electronic currencies, one of the first and second electronic currencies is compatible with a local currency of a second nationality different from the first nationality. 3. The electronic currency issuing system according to claim 2, wherein the first currency and the second electronic currency having the property are exchanged directly.
The processing unit calculates an amount obtained by multiplying a usage fee using the second electronic currency by the customer terminal and the investor terminal by a predetermined ratio, and calculates the calculated amount by a holder of the second electronic currency. 23. The electronic currency issuing system according to claim 22, wherein a remittance process for distributing to the holder according to a holding ratio of the money is executed.
The processing unit, a specific business, or a business group composed of a plurality of business, and points or mileage that can purchase goods or services between the customer and the investor, block Remember in the chain,
The electronic currency issuing system according to claim 2, wherein the processing unit performs payment processing for purchase of a product or service by using the points or mileage and the second electronic currency integrally.
The processing unit includes:
Storing a supply of a second electronic currency from the customer terminal to a second customer terminal;
The electronic currency issuing system according to claim 2, wherein a reward from the customer terminal and / or a reward from the second consumer terminal are stored in correspondence with the investor terminal.
The processing unit includes:
Further storing the supply of the second electronic currency from the (i-1) -th (i is an integer of 3 to n, n is a predetermined integer of 3 or more) consumer terminals to the i-th customer terminal;
28. The electronic currency issuing system according to claim 27, further comprising storing a reward from the i-th customer terminal corresponding to the investor terminal.
The second electronic currency exchanged from the first electronic currency is a second electronic currency compatible with an international key currency;
The processing unit includes:
Further exchanging the second electronic currency compatible with the international basic currency with a second electronic currency compatible with the local currency other than the international basic currency at a predetermined exchange ratio;
The electronic currency according to claim 2, wherein a second electronic currency compatible with the local currency is stored in association with the customer terminal together with a second electronic currency compatible with the international basic currency. Publishing system.
A processing unit for performing processing;
A storage unit for storing information;
A communication control unit that communicates with the fund consumer terminal and the investor terminal via a network,
The processing unit includes:
Investing in the first electronic currency in which the exchange rate with the legal currency or another electronic currency fluctuates when the fund solicitation condition received from the fund consumer terminal and the investment condition received from the investor terminal match. Issued to the home terminal,
The issued first electronic currency is exchanged for a second electronic currency at a predetermined exchange ratio,
An electronic currency issuing system that stores the exchanged second electronic currency in the storage unit in association with the customer terminal.
An electronic currency issuing method using an electronic currency issuing device that issues an electronic currency managed by a blockchain,
The processing unit of the electronic currency issuing device,
Presenting, on a P2P (Peer-to-Peer) platform, the solicitation conditions including the amount of funding received from the fund consumer terminal and / or the investment conditions including the investment amount received from the investor terminal,
An electronic currency issuance method for issuing the electronic currency according to a fund offer amount or an investment amount when an investment for the offer condition or a fund demand for the investment condition is detected.
What is claimed is: 1. A computer-readable recording medium storing an electronic currency issuing program for issuing an electronic currency managed by a blockchain, said electronic currency issuing program comprising: a computer for receiving a fund received from a fund consumer terminal; Presenting, on a P2P (Peer-to-Peer) platform, an offer condition including an investment amount and / or an investment condition including an investment amount received from an investor terminal;
A storage medium for executing processing for issuing the electronic currency in accordance with the fundraising amount or the investment amount when an investment for the funding condition or a fund demand for the investment condition is detected.