MergedCash

Functions of Money vs Local Currencies

Characteristics of Money vs MergedCash

Function	Money	Local Currency
Medium of Exchange	Digital, Paper, and other bank regulated mediums	Digital, paper, and sometimes barter
Measure of Value	Government Authority (Law enforcement & military protection of infrastructure)	Products, services, relationships and commitments within the local community (Love your neighbor as yourself)
Store of Value (Savings)	A strategy to dominate resources by accumulating units of medium-of-exchange in a competitive global economy leading to increased poverty	A strategy to multiply resources by accumulating business-relationships in a collaborative closed-loop economy of shared value leading to increased output and purpose
Standard of Deferred Payment (Debt)	"I owe you" by loaning from banks so they can charge interest on negative values. (Here insurance companies were born to cover SOME "I owe you" risks)	"I owe you" by contract and relationship. (Here community responsibility is born to teach youngsters and cover risks that insurance companies can't truly pay for)

Characteristic	Money	MergedCash
Durability	Money must be able to withstand repeated use and handling without significant wear and tear. This ensures it remains useful over time.	MergedCash is both digital and paper-based making it as durable as it gets.
Portability	Money should be easy to carry and transport, making it convenient for everyday transactions.	MergedCash goes everywhere your phone and printed cash goes. Not only that but you can also print cash vouchers anywhere you go. So you also have your own bank-teller.
Divisibility	Money must be easily divided into smaller units to allow for transactions of varying values and to make change.	The MergedCash App transposes its value to the value of a surrounding national currency enabling divisibility in the same way the national currency does.
Uniformity	All units of the same denomination of money should be identical in appearance and value. This prevents confusion and ensures that each unit has the same purchasing power.	MergedCash transposes its community value as the value of the surrounding national currency making its related value instantly recognizable
Limited Supply (Scarcity)	The supply of money must be limited and controlled to maintain its value. If money were too abundant, it would lose its purchasing power rapidly (inflation). Central banks typically manage the money supply.	The supply of MergedCash works vastly different from central-banks. One of the BIG problems of modern currencies is its INACCESSIBILITY to the majority of humanity. This increases poverty and makes the global economy highly unstable. Modern inflation is derived from the market's ability to SELL. But in the 1700s England had zero inflation for 100 years because it was regulated by people's ability to supply or demand gold or paper money to the banks. All the players in the economy must regulate inflation not just the best sellers. In order to achieve this MergedCash uses the 9 tools of memberships, active circulation, a community basket, ethical community achievements, no-monopolization, no-currency-debt, no-currency-savings, paper-currency-expiry and a parent-currency-inflation-adjuster to manage its supply.
Acceptability	For money to work, it must be widely accepted by people as a form of payment for goods and services, and for the repayment of debts. This acceptance is often backed by government declaration (legal tender).	MergedCash is not globally acceptable. It never wants to compete with national and global currencies. It may be a disadvantage but it's also an advantage. It can never leave its community. This makes unethical exchange less desirable because it has a more transparent and less exaggerated connection to local relationships. This enables crime prevention and is more effective against selling unethical products and services. In order to solve global problems MergedCash can theoretically be subdivided into parent-child geographic spaces.
Fungibility	Individual units of money should be interchangeable. One dollar bill should be worth the same as any other dollar bill. This prevents the need to individually evaluate each unit of money.	As mentioned earlier the value of MergedCash is clearly identifiable by its relationship to its surrounding national currency. Yet it must not be exchanged for other currencies because it would defy the purpose of helping the poor gain more independence and a greater value for themselves needed to produce their own high-quality products and services. We won't regulate private exchanges or generosity for money. But organizations in our networks must agree to abide by "no-exchange" apart from products and services.
Recognizability	Money should be easily identifiable and distinguishable from counterfeits. This builds trust and facilitates smooth transactions.	This also touches on security. MergedCash is not a cryptocurrency. It does not rely on anonymity and non-human-identification. It does make all transactions publicly verifiable but it does not irresposibly process transactions in a distributed fashion. Therefore it's also not vulnerable to related AI domination, non-human attacks, hyper-inflation, and crime-enablement. That said, printed cash is verified with a unique QR code through a secure data-island. It can either be pulled into an account or simply scanned for further use. Every digital transaction has a sequence and an encrypted signature from a single source of truth that can not be reversed. This ledger is made openly available to all members as a download for safe-keeping and executing integrity checks.
Stability (of Value)	While related to limited supply, the value of money should remain relatively constant over time. Frequent or drastic fluctuations in value erode trust and hinder its functions as a store of value and unit of account.	MergedCash retains the purchasing power of its surrounding national currency. But it has no use unless its members produce, serve, and circulate locally. Also not if the community simply does not use it. This is where the trustworthiness of the unit-of-value, the service-provider and a shared system of values are critical.

How can everyone have their own ATM?

How to pay taxes on self-generated cash?

How can cash be created from nothing?

How will MergedCash facilitators stay out of trouble?

MergedCash allows every member to issue paper vouchers that can be used instead of paper money. When you create it, it's value is extracted from your account and a unique code is generated to guarantee its validity and pull it into another user's account at will.
You now have your own ATM in your pocket.

Tax obligations remain unchanged.
Local currencies do not remove the need for national currency, law enforcement and infrastructure.

Companies must pay sales tax regardless of whether the sale is made with national money or local currency.
Transactions between individuals are generally not taxable.
Consult your tax consultant for more specific information

Let's see what Jesus Christ said: "...Is it right for us to pay taxes to Caesar or not?" He saw through their duplicity and said to them, "Show me a denarius. Whose image and inscription are on it?" Caesar’s," they replied. He said to them, "Then give back to Caesar what is Caesar’s, and to God what is God’s." - Luke 20:22-25

The creation of money, crypto, and other currencies always stemmed from the need for an authority to enforce our buying power. Regardless of whether authorities are trusted, mistrusted, approachable, or not, we inherently seek something that helps us unite our strengths for good and resist oppression.

I believe the best starting point is to dedicate everything back to the One who gave us everything: God Himself in Jesus Christ. A currency bearing Caesar's image isn't enough; it obscures the true value that only God can bestow upon us and our interactions.

Making it practical
If we want to understand why currency has value we must distinguish between a medium-of-exchange and a measure-of-value. A medium of exchange is worthless if it doesn't circulate; its entire purpose is to be exchanged. A medium of exchange is only necessary where humans are actively trading products and services. Without offers or people, money simply wouldn't exist.

For it to function as a measure of value, something else must underpin the meaning of the medium of exchange. Since a measure of value is inherently subjective (influenced by factors like price, inflation, scarcity, and desire), it's most logical to link a currency's value to what makes a medium of exchange valuable, as discussed above.

A Currency = "a trusted value system" + "humans" + "offers exchange"

Modern Examples

Trust in Money: National Government + Banks
Trust in Cryptocurrency: "Social proof" or interest gained on the sum of monetary investments
Trust in Gold and Silver: The global supply and demand therof
Trust in Local Currencies: A local marketplace + the local supply of goods, services, relationships and culture of a local community.
Trust in Local Christian Currency: Trust in Local Currency + the willingness of Christians to give their economy to God

How a local currency gains value

When a closed-loop currency offers equal access, its value effectively doubles each time it enables an exchange between two parties. (It's the exchange that has value)
Currency that never leaves your community creates an ongoing demand for producing local goods, services and relationships. (Self-sustaining communities can achieve higher-quality lives)
When national inflation hits, local currency maintains its value because it's rooted in the community's internal loyalty. It does not have a true exchange rate, but only a value reference to the national currency. Therefore inflation will demand new local currency to be created to bridge the difference in purchasing power. The reason this works is simple: national currency thrives on scarcity, but local currency succeeds through its widespread availability.

There is no guarantee that MergedCash facilitators will stay out of trouble. But,

The system is secure
The system's purposes are purely ethical by default
Local currencies all over the world are proven to be complimentary to national economies and unlike cryptocurrencies they are effective against crime, poverty, and anarchism.

The reason why England had no inflation in the 1700s was not because it used gold as a medium of exchange. It was because the people's demand for "savings" organically regulated the need for paper money.

Where Local Community Currencies bloom, communities become more independent and strong enough to make postive ethical contributions both to their own community and the national economy.

Simply stated. According to statistics: It helps to raise responsibility, create jobs, businesses and increase buying power for everyone.

How can we be sure nobody creates free cash for themselves?

How can we lock-out fake and inactive users?

We use advanced encryption standards to prevent tampering with transactions. Distributed Blockchain is not efficient against crime, monopolization, and false identities. That's why we built a relational system while using the best encryption standards. A publicly verifiable ledger containing all transactions is available to all members.

Only the server can create and digitally sign new transactions in a way that proves it was authorized by the server and not any other. (ed25519 Algorithm). All transactions are published in a public ledger and remain verifiable by all members. Therefore past transanctions can not be modified.
The server can only create transactions in sequence, without holes in the sequence. Therefore past transactions cannot be removed.
In order to prove the ledger is not a false copy. All users can download, backup, and verify its integrity at any point in time, using their own devices and raise red flags in their community if for some unknown reason inconsistencies arise.
Only authenticated authorized members can trigger transactions, and only the server can sign a transaction.
The following transactional fields are private: "amount" and "senderBalance". They must therefore be protected against social manipulation. In order to hide the private fields they are encrypted before written into the public ledger. (AES GCM Algorithm) But encrypting private information in a public ledger introduces a new problem. Who will prove to the public that the server is not making up that most critical information? See next...
The reason why the "from" and "to" fields are public is to prove who can read the most private information of the transaction. Each user also has a private ledger where transactions are stored in decrypted plaintext. The sender, receiver and server, share a secret key for each transaction so they can all decrypt and reconcile that information from the public ledger. The reason why "amount" and "senderBalance" are shared between sender and receiver are to promote, integrity, transparency and a caring relationship.
Your body is your identity not just a digital key. Each member can verify the identity of any other local member at any point in time by comparing their personal page, person and account details. Unlike cryptocurrency you will not lose your account if you lose your digital keys.

In a world of AI and over-centralized control, neighborly love provides the highest financial security. Only responsible human beings take ownership of their community's problems. Fraudsters can't hide. Inactive members will be removed. It is critical that each member contributes to the wellfare of his/her community.

New users have to identify themselves with a unique government issued ID signing a minimum of 3 deals.
New users have to sign a minimum of 3 deals before receiving any credit.
A user can be verfied when completing community service
Next a user is verified when he/she transacts with other members
Users that do not complete steps can be flagged for verification
If a user becomes inactive he/she will be flagged for verification
If a user continuously transacts with a small group of the same member he/she will be flagged for verification
Users are encouraged to meet in person and required to verify each other's identity at system selected intervals
Companies can accept credit and grant loyalty points for the products they choose, but only individuals can create credit for for the system.
Lost and uncirculated credit will be attributed to the community service account
Past transactions can be verified and no single user transaction can be undone

Can you implement this system on paper?

What similar systems exist?

What is the IQ of the inventor of this system?

FAQ

Money vs MergedCash

Legal uncertainty

Preventing, detecting, and resolving dishonesty

Other silly questions