THE BUX STORY
From time immemorial, we have evolved with the idea that the creation of money is like everything else, a commodity to be paid for, and therefore the definition of wealth and reputation, the primary measure of status and respect, the epitome of abundance.
Yet, over time, for as much as we assume it serves us, it has made us disciples of economics at the compromise of ourselves with others and nature, with the basic belief that the human condition is a fearful animal living with scarcity to be overcome. With everything becoming commoditsed to a price, the wasted energy in finding the price to leverage competitive markets is beyond extraordinary.
We strive very hard to find ways around these shortfalls, in particular recent forays into ICOs and UBIs, but solutions are never fully inclusive, to the point where wanting change becomes the best we can do. The stories we hear, tell, and live through express this many times, yet we accept that these economic cycles are as nature intended. And even finding new solutions are still based on the perceptions of fear and scarcity.
It is interesting to note that only money has a cost as interest, where every other business works with commodities of profit and loss. Even alternate currencies play the price market and are covered by fees in transactions, but not interest. How this happened is incidental, but the inherent consequence is a continual leak in balancing the energy of exchange. This one difference creates an exchange model that is perpetually disempowering. We have been looking for solutions around this ever since, questioning human nature and maligned politics to evolve it, negating the obvious: the cost of money.
In architecture, when one loses track of the central idea and spirals out of being grounded, the designer returns to the first principles of the intention, the core of the concept, and reinvents the trajectory to evolve. Only then does the seed bloom and the final creation can let go.
BUX is this the new exchange model that returns synergy and collaboration to people, beyond political frameworks, to purely creative ones, to evolve in the most sustainable, connected, empowering way possible.
BUX’ NO COST CURRENCY (NCC)
People make careers designing currency models to empower communities, but the core of the design is not much different to fiat currency, namely:
- all have interest and fees disconnected of the work needing to run it.
- is not always connected to the work made to create the currency (not backed by relevant work)
- focus on the commodity of currency v it’s exchange capacity
- do little to drive creating sustainably, if anything at all
Designing an exchange model to value creating experiences with synergy, sustainability, and empowerment, is much simpler than people are led to believe. The decisions around these 4 parameters will define how humans nature will build success and status, with or without others:
- Is the volume of currency limited or unlimited
- How it is distributed
- What is it based on, if anything
- Are there any costs (fees, interest, taxes)
Fiat Debt-based currencies (DBCs) is be created indefinitely, has limited distribution and scarce access, is not based on any work to be created, and has fees and interest within an exchange system that demands a tax.
BUX’ currency is solely based on the work created to make it, and therefore has distribution and volume are in balance with what is available to to be purchased, and has no fees, interest, or tax. It is a totally neutral currency model, without the leak of DBCs, and therefore is a true representation of the energy of exchange people think mainstream currencies do. On the surface, it may look this way, but does not recognise the energy required to create and sustain the currency in the first place. That is like forgetting the cost of natural resources in commodity creation. We are already aware of the consequences of that!
BUX cannot be bought. It is not an ICO with tokens that are valued in a commodity market. It’s value is how it empowers the quality of what we create at the best price, inverse to the highest price for as little as possible which fiat currencies leverage. It is solely created by the work you do to be paid in BUX. Only then can it exist. The price in BUX can be whatever you wish, but it begins with whatever the current fiat currency price is. However, as it is disconnect from debt, the price dynamic will be very different as exposure increases. More on that in ‘Why People Will Use BUX’.
If no one works for BUX, it doesn’t exist. The direct connection to work is very different to fiat currency, which assumes we will work, at any cost, and so delivers the least quality exchange model for people’s need for exchange. That is why owning a typical bank offers the greatest reward. BUX serves you. Fiat owns you.
HOW BUX WORKS
This is the easy part. Register on BUX and tell the networks you trade and exchange with to do the same. At each transaction, decide between each other what percentage of the exchange you would like in BUX and your national currency. It can be 5% to 100%, depending on the size of the transaction. For example, I could pay 100% of a coffee in BUX, but 25% for a piece of furniture or the work of a mechanic. Or 10% for the rental of a property. How much you choose will increase as the BUX network grows.
What is the incentive for you and those you invite people to the network? No cost on the currency. No tax, no interest, no fees. A true currency for energy exchange, valuing it as you see fit. If there was an external quantified incentive to this, then it misses the point of using the currency: to take out it’s commodity and be the true value of your work. It throws exchange out of balance. BUX is not about the money. It is about you.
Whether you are a total tech head or your tribe is in a forest, there is a way to use and integrate BUX to your transactions, including gifting, if you choose to record that, too.
On one end is the printed spreadsheet. Any and all transactions within and between tribes can be written down. As almost all tribes are connected to a market somewhere, this paper spreadsheets can be given to a community department, like a library, to be recorded on a computer that will have the electronic spreadsheet for such data to be recorded.
The other spectrum of users will have an app which will record all transactions in real time on blockchains. These blockchains will have many copies stored through distributed networks; the best we have found so far is Holochain (holochain.org).
In between will be mobile networks using SMS transactions, like the M-Pesa does already.
We are currently exploring ideas such as a gift of BUX in thanks for joining, and how people working in the bank would be paid or if this is a gift in itself, and whether the books have to balance or it’s OK to have a positive balance (it won’t be negative), but these will not affect the advantages of the currency to do good.
WHY PEOPLE WILL USE BUX
The short story is people will not be exchanging, and drowning, in perpetual debt.
The longer story is people will get more of what they want for less and people will make more of what people want better for less. This improves buying power and keeps the currency strong. The key difference to why this is possible is BUX is not built as a separate entity for exchange. It is not created from thin air and then given.
It changes the rules of the contest. It is not based on the disempowerment of scarcity and compromise, and the ethical decision-making frameworks this demands, but the empowerment of what we do about it through creative abundance and resolution, and the excellence-based decision-making frameworks this affords. It allows inclusion in creating, because the best want the second-best, to work together to be even better. Anything less does not value all the resources, nature included, to be valued to their highest capacity. Isn’t achieving this what life is all about?
What people will want to achieve this will also change. There will be greater efficiency in creating quality experiences instead of quantified commodities. There will also be an advantage to do this to being no longer needed (redundancy) v trying to get people to need them (obsolescence). There is no advantage creating lesser options for less price in BUX. Doing so would compromise reputation in being the best, and therefore not worthy of being given relevant resources as well as people giving their time to you to support your being the best. Market share would be lost, as any market would attest.
There is a perpetual drive to be better, but not at yours, or anyone’s expense. That would not be efficient, sustainable, or empowering. such decisions will be made as a natural consequence of using BUX. It are these attributes that define what BUX would be used for.
SOCIAL TRANSFORMATIONS (OR FORECASTING EFFECTS )THROUGH USING BUX
The primary shift will be how we measure status creating, from quantitative concepts to qualitative ones, from limited price to unlimited reputation. Ego or otherwise, the natural evolution of this will be to collaborate in creating the best, with all involved, both giver and taker, reaping the rewards.
Excellence becomes the core decision making premise. Instead of using political frameworks such in Ubuntu and resource based economies (RBEs), BUX encourages free markets to define what is the most excellent products and services to create, those being the most synergous and empowering in the most sustainable way possible, and have resources flow to those. This invites only producing these, bespoke, on demand. Any competing innovations will work together and test markets for what works best. Ultimately these will perpetually evolve as we evolve using them. Therefore, the economy runs through ‘creativism’, over anything else.
Waste, particularly not creating any, becomes of paramount importance as it simply is not efficient. Therefore experiences that do create substantial waste do not empower synergy, so will not be supported.
What will be supported are innovations in food, clothing, shelter, tech, healthcare and transport. All of these focus on the most efficient energy, and education. All fear and disempowering driven industries, such as insurance, superannuation, drugs, defence, false information — anything that limits, separates, excludes, have no meaning. There is far more capacity in people than DBCs can measure, but NCCs can. This makes every
Focusing on creating empowering sectors affords access to more for less. The price mechanism as we know it fails with NCCs. Bitcoin, while structured differently, is testament to this effect. Competition increases as the capacity to exchange increases with NCCs, without a leak in energy, so it reduces and stabilises prices, possibly to the point where even price could become redundant. This can be discussed another time.
The biggest shift is in the environment we will all be nurtured in. Instead of the duality of good and bad as, on the surface, equal energies, but is really biased to disempowerment, we will be in an empowering biased environment to grow. We will have the chance to face ourselves, not just in our communities, but in all communities. There is no building reputation disempowering anyone as this disempowers oneself.
All these are possible, probable, simply by changing how we choose to exchange. Even with speculative forecasting, which, really, all is, there is no better bet than to use BUX for your transactions.
