A libertarian Sovereign Currency

TL;DR

The Solve project aims to create a sovereign digital currency for the Marshall Islands, embedded with values and principles. It is not pegged to any existing currency and has a unique governance structure.

Transcript

hello I'm Fe peeler you know and I have the pleasure today to have in my company dr. me hi Ella yarrow from Washington hi me hi Ella how are you hi Fe always good to be with you and to catch up always I you know I'm one of your greatest fans of your work one of your most avid followers of your news it's you know your work is amazing so thank you fo... Read More

Key Insights

• 🇲🇭 The Solve project aims to create a stable currency for the Marshall Islands, addressing social issues and embedding the nation's values.
• 💱 The currency is not pegged to any existing currency and stands on its own value.
• 📱 It utilizes blockchain technology and smart contracts to distribute funds and ensure transparency.
• 🇲🇭 The governance structure of the project involves representatives from the Marshall Islands government, technology development firms, and international experts.
• 💱 The Solve currency could serve as a model for other countries looking to develop their own digital currencies.
• 🇲🇭 Its unique design takes into account the specific needs and values of the Marshall Islands, creating a libertarian currency.
• 😑 The project is in the time-release stage, with pre-solve units being sold to investors to establish the currency's value.

Questions & Answers

Q: What is the Solve project and its purpose?

The Solve project aims to create a sovereign digital currency for the Marshall Islands, with its own value and embedded values related to social issues like climate change and nuclear experiments.

Q: How is the currency distributed to the citizens of the Marshall Islands?

The currency is distributed via a smart contract, with a 4% money supply annually. Citizens receive a percentage as universal basic income, while other percentages go to climate and nuclear funds, among others.

Q: Is the currency pegged to any existing currency?

No, the currency stands on its own and is not pegged to any existing currency. It is designed to have its own value and is not tied to the US dollar like the current currency in the Marshall Islands.

Q: What is the governance structure of the Solve project?

The Solve currency is released by the Soft Development Foundation, which has a governance board consisting of representatives from the Marshall Islands government, the SVS BB Technologies, and three international luminaries. Decisions on releasing new money and other matters are decided through a democratic voting process.

Summary & Key Takeaways

• The Marshall Islands has adopted the Sovereign Currency Act to develop a fiat currency on blockchain, serving as an alternative to the US dollar.

• The Solve project creates a stable currency that stands on its own, embedding the nation's values via smart contracts and distributing funds automatically.

• The currency aims to address social issues such as climate change and the legacy of nuclear experiments, while establishing its own value.