Abundant Stable Transactions Anyplace Anytime Anyone
ASTA3
Requirements for
Passive BIBO Stable Currency System
Editor Marc Gauvin
Copyright 10-11-2011
All Rights Reserved
Right to Copy and Reproduce in its entirety
is expressly granted providing full attribution is given.
For more Rights contact: marc@icseg.org
Introduction
Although it would seem that the mere utterance of ÒPassive BIBO (Bounded
Input Bounded Output) Stable Currency SystemÓ would imply in and of itself a
complete set of requirements that should be met by any currency system that
sports such a title, it is nonetheless worthwhile to give a name to those
requirements and spell them out one by one. This document should be contrasted from time to time with
the Passive BIBO Currency SpecificationÕs
ÒCorollariesÓ (logical consequence) to the ÒRulesÓ set out here: http://bibocurrency.org/English/standard.htm , that indicate a set of requirements that are directly
satisfied by those rules.
Definitions for the ÒASTA3Ó acronym
Note:
please refer to the Specification document for further terms and
definitions that for convenience and to alert the reader to specific meanings
will always be capitalised as will be the new terms defined in this document
for more definitions please refer to:
http://bibocurrency.org/English/standard.htm. B.I.B.O. is an acronym used in
Control Systems Engineering that refers to ÒBounded Input Bounded OutputÓ the
sine qua non requirement for stability in the types of systems that include
money systems.
Abundant: Currency
Units shall be available to any compliant Passive BIBO Transaction.
Stable: The
Currency System shall be stable according to the scientific definition of
stability as applied to money systems to find out more about BIBO visit: http://cnx.org/content/m34515/latest/
Transaction: The process by which Wealth is transferred and
Accounted for in @ (Passive BIBO Currency symbol) resulting in a Credit to the
provider(s) of Wealth and Debit of equal magnitude to the receiver(s) of
Wealth.
Anyplace: Access to
the Transaction unit is automatically available for any Transaction where ever
the parties may be geographically located.
Anytime: Access to
the Transaction unit is automatically available for any Transaction whenever
the parties desire.
Anyone: Access to
the Transactions unit is automatically available for any Transaction to any
human being or group of humans.
ASTA3 Requirements:
The following Currency requirements are met by the ASTA3 definitions
given above and reflected in the corollaries of the Rule set in: http://bibocurrency.org/English/standard.htm.
1.
The Currency
shall be Stable:
A BIBO-Currency is a
Passive Stable System because both Input and Output have bounded values and
Output never exceeds Input.
The stable currency unit theorem:
A Passive BIBO Stable Currency
System by definition implies that all of the systemÕs component
Transactions are also necessarily Passive BIBO Stable. Therefore, it directly follows that if
every Transaction is a Passive BIBO Stable process and all currency created is
necessarily a product of such Stable Transactions, then, all such currency
maintains a Bounded ratio with the wealth input to the system. Thus the unit is also stable by
definition!
Also, magnitude of @ Debits at all times is
equal to that of @ Credits and the sum of all existing Balances equals zero at
all times.
2.
The
BIBO-Currency System shall serve Transactions not determine them:
A BIBO-Currency
System is inert as it has no effect on the creation of Wealth, i.e. its use cannot
deter or provoke the creation of Wealth rather it is the creation of wealth and
the free spontaneous desire to trade that wealth that generates @ unit Debits
and Credits.
3.
Passive BIBO-Currency Transactions shall be free of
coercion by virtue of availability of @Õs.
No side of any
Transaction may derive an advantage over the other by virtue of availability of
@. No Member can exercise control over access or use of @ by other Members.
Both sides of any Transaction have equal and opposite influence over Price in
terms of availability of the @. All Transactions in @ are fully voluntary and
free of any coercion.
4.
Use of
@Õs shall be uniquely for the representation of the value of Wealth in
Transactions
Creation and transfer
of Wealth does not depend on @ but rather use of @ depends on previous
existence of Wealth.
5.
@Õs shall not be subject to counterfeiting or falsification
Only @s resulting
from identifiable transactions by authenticated users are
recognised.