Monday, June 15, 2020

Proposed Global Compact for Universal Self-Sovereign BP Money (GCUSBPM)

This document outlines the constitutional mandate for the Supercomputer Network required to deploy and manage the universal self-sovereign ByProducts Money (BP Money). This network will serve as the Global Central Banking Authority (GCBA) function for the new digital currency, ensuring its cryptographic security, managing global financial flows, and providing the data engine necessary for informed fiscal and budgetary policy planning under the Full Employment Microeconomic Liberalisation framework.

Article I: BP Money System Sovereignty and Security


Section 1.01. The GCBA Supercomputer Network: A dedicated, globally distributed, fault-tolerant Supercomputer Network (hereafter "The GCBA Network") shall be established as the operational and security core of BP Money.

Section 1.02. Universal Self-Sovereignty: The GCBA Network's fundamental design principle shall be Self-Sovereign Identity (SSI) applied to money. Every unit of BP Money is a direct liability of the aggregated global productive economy (the ByProducts Economy), granting the individual holder full control and final ownership over their funds without requiring a centralized custodial intermediary (e.g., a commercial bank).
  • Decentralized Ledger: The Network shall manage the cryptographic ledger for all BP Money, employing advanced, quantum-resistant encryption to safeguard the global financial system against all known and anticipated computational threats.
Section 1.03. Transaction Integrity and Speed: The GCBA Network must provide:
  • Real-time Finality: Near-instantaneous and cryptographically verifiable transaction finality, ensuring the seamless operation of the Multi-Roster and global commerce.
  • Zero-Cost Transfers: All peer-to-peer BP Money transactions must be processed with minimal or zero network cost to the individual user, prioritizing utility and inclusion.

Article II: Global Central Banking Functions


Section 2.01. Monetary Issuance (The ByProducts Economy Flow):
  • Automated Issuance: The GCBA Network shall be the sole issuer of BP Money. Issuance will be entirely automated, algorithmically tied to the audited, verifiable increase in aggregate global economic output, specifically the gross value of ByProducts Economy activity.
  • Wages and Embargo: The Network must securely process and record the primary financial flows:
    • Multi-Roster Wages: Direct, real-time distribution of wages to citizens employed under the Multi-Roster.
    • Rent/Tax Embargo: Direct, verifiable enforcement of the embargo/prohibition of rent extraction and citizen wage-based taxes, ensuring the full economic value of labor is realized by the worker.
Section 2.02. System Stability and Management:
  • Liquidity and Flow Accounting: The Network shall maintain real-time, granular accounting of all major financial flows, including the velocity and distribution of BP Money across all indices and sovereign jurisdictions.
  • BP Money Index Synchronization: The Network must continuously communicate and synchronize with the Price Discovery Mechanism Supercomputer to ensure that the supply of BP Money accurately reflects its purchasing power as defined by the Primary (Mega) BP Money Index.

Article III: Fiscal and Budgetary Policy Engine


Section 3.01. Fiscal Policy Modeling:

The GCBA Network shall maintain a massive, constantly updated Global Economic Model (GEM), simulating the impact of proposed national and municipal fiscal policies (e.g., infrastructure spending, social credit disbursements, or investment stimuli).
  • Policy Informant: The Network is mandated to provide non-partisan, data-driven simulations and forecasts to national and regional governments, informing optimal budgetary and spending decisions before their execution, replacing speculative policy with computational certainty.
Section 3.02. Budgetary Planning and Execution:
  • Automated Budgetary Oversight: National and municipal budgets will interface directly with the GCBA Network to allow for real-time monitoring of spending against allocated BP Money reserves and pre-modeled economic impact.
  • Targeted Investment: The Network enables the government to execute targeted, programmable fiscal transfers (e.g., investment in specific regional industries or public projects) with precise tracking of their intended economic outcomes.

Article IV: Transparency, Audit, and Governance


Section 4.01. Transparency and Privacy:
  • Algorithmic Transparency: All core monetary algorithms, including issuance and stability protocols, shall be open for inspection by certified auditors and the public to ensure full transparency in the central banking function.
  • Privacy by Design: While transaction history is recorded on a secure ledger, the design must protect individual identity. Access to personal transaction data shall remain the self-sovereign control of the individual, not the GCBA Network or any single state actor.
Section 4.02. Global Governance: 

The GCBA Network shall be governed by the Global Economic Settlement Authority (GESA), ensuring a unified, non-national operational policy that protects the integrity of the universal currency and prevents any single political or corporate entity from dominating its function. This network serves the global citizenry by empowering the self-sovereign individual with direct economic agency.

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