Scourge of Gold
OUT OF CHARACTER INFORMATION
DESCRIPTION
With the rise of the Trade Federation, it was only a matter of time before another attempt to standardize a Galatic currency was made. It has been attempted much time before, and this TFC seeks to succeed where other attempts failed. The TFC rejects a commodity-based currency in favor of a controlled fiat, lowering the volatility and making it less susceptible to crisis. Additionally, the TFC is not conne
cted to one monolithic centralized bank, nor does it play national favoritism. The Trade Federation consisted of multi-national Galatic corporations with their own national and faction ties, giving the credit the ability to be universal without any major conflict of interest.
The complete free flow of trade throughout the galaxy is near-unattainable without a standard method of exchange. Economic freedom is directly linked to individual freedom, so for the prosperity of all individuals, trade should be unrestricted. This idea is the very core of the currency's conception. The elimination of exchange fees leads to more money being spent in the market. Elasticity across the galaxy's many diverse regions leads to stability. Stability, of course, ultimately leads to prosperity. Some claim money to be the root of all evil, but to those in the Trade Federation, it has become incredibly clear that money is the root of all that is good in the world.
This is their attempt to maximize that 'goodness' as it were.
- Intent: To create a powerhouse currency created by the Trade Federation for use in future narratives, and to give economic/political/corporate RPers something to play with.
- Image Source: [Cred Ingots][Credstick] [Held Ingots] Edits done by me.
- Canon Link: Credit
- Permissions: Powerslave AI Permission
- Primary Source:
- Galactic Standard Credit (Canon)
- AvCoin© (Blockchain)
- Input from:
Gat Tambor
LT-137
Agrippa The Hutt
and Darth Pteron - The big brain of the Ohio God
Darth Kentarch
himself for inspiring Tactile ID Patterns
- Manufacturer:
- The Trade Federation
- AvCorp™ Blockchain contribution
- Technoid Manufactorum AI contribution
- The Trade Federation
- Affiliation:
- The Trade Federation
- Open-Market
- Model: TFC ‘FedCred’
- Modularity: No.
- Production: Mass-Produced
- Material:
- Fiat Currency
- Value determined by what it can be exchanged for.
- Accepted by all Trade Federation subsidiaries and partners.
- High economic elasticity.
- Value determined by what it can be exchanged for.
- Blockchain (Electronic Form)
- Automatic electronic verifications without the need of a third-party.
- Append-only data structure, making transaction history and info extremely secure.
- Chronological data stamping across the blockchain.
- Omni-node ledger data distribution.
- Various consensus protocols, nearly removing the risk of duplicate entry or fraud.
- Small Form Factor to facilitate large-scale system expansion.
- Credsticks / Credchips
- Large range of issued denominations.
- Color-coded based on tier
- Bronze: 1,000 TFC Denomination
- Silver: 10,000 TFC Denomination
- Electrum: 100,000 TFC Denomination
- Platinum: 1,000,000 TFC Denomination
- Diamond: 10,000,000+ TFC Denomination
- Blue Crystal Aurodium: 100,000,000+ Denomination
- Ether (AvStick / GatStick): 1,000,000,000+ Denomination
- Color-coded based on tier
- Blockchain transaction ledger. (Benefits listed above)
- Connection and integration into the wider blockchain system.
- Local cross-referencing blockchain ledger for additional fraud protection.
- Anti-counterfeit measures
- Unique Tactile Pattern Serial Identification.
- Regulated Blockchain IDs with active databasing.
- Rotation and retirement of Blockchain IDs after a set term.
- Unique Barcodes directly linked to database ID.
- Killswitch Circuits
- Renders the credstick fried and unusable when activated.
- Automated killswitch-firing upon detection of fraud.
- Consensus protocols to avoid wrongful termination.
- Powerslave AI powered protocols.
- May be triggered upon owner request if lost or stolen.
- Issuers may manually trigger for fraud/misallocation correction.
- Large range of issued denominations.
- Authorized for use with bank or corporate-issued private credit/debit sticks.
- Credit ‘Ingots’
- Large range of issued denominations.
- Size and Color-Coded denominations.
- 1-inch metallic square: 1 TFC
- 1.5-inch metallic bar: 10 TFC
- 1-inch false-electrum square: 20 TFC
- 1.5-inch false-electrum bar: 50 TFC
- 3-inch false-electrum bar: 100 TFC
- 2 x 5 x 1-inch false-electrum ingot: 1000 TFC
- Size and Color-Coded denominations.
- Anti-counterfeit measures
- Unique Tactile Pattern Serial Identification.
- Supplementary number-based serial directly linked to pattern serial.
- Bimetallic composition.
- Highly specific coating tint-patterns.
- Large range of issued denominations.
- Dispersed Centralization
- ‘Central’ banks spread across varied regions and nations.
- Corruption deterrent.*
- Regional value-flexing to compensate for varying economic conditions.
- Protection from economic collapse in the event of a major bank failing.
- ‘Central’ banks spread across varied regions and nations.
- AvTech™ Blockchain: The AvTech™ blockchain secures information about transactions and transfers in an append-only chronological structure to assist in the prevention of alteration and fraud. Consensus protocols powered by ‘Powerslave’ AI and different ‘node’ systems within central banks to distribute and update data in a global-ledger.
- Fiat Currency: The value of the Trade Federation Standardized Credit is valued both in part by consumer faith in the issuer, and the value of products that can be exchanged for it. With no singular backing commodity, the currency is not subject to crashes based on the value of said commodity and is far less volatile as a result.
- Elasticity: The lack of any value-determining commodity allows the value of the TFC to fluidly adjust in volume based on the amount of business being done. It also allows the currency to be slightly nudged in value artificially up or down based on commercial needs without causing damage to the economy.
- Control Cushion: The Central Bank’s and Trade Federation's control over currency volume, supply, and demand will enable them to better manage financial crises should they arise and reduce the harm caused by them. (ex. US Federal Reserve during the 2008 crisis.)
- Inflation: As a fiat currency with no commodity backing the TFC lacks any objective intrinsic value. Despite what may be exchanged for it, this makes the currency more susceptible to inflation and deflation than a commodity currency.
- [Alex Jones Quote Here]: The power of big banks (though dispersed) and the Trade Federation over the currency is a breeding ground for conspiracy theories and slanderous* conjecture. While many will likely welcome the TFC, many will be weary and suspicious of its inception.
DESCRIPTION
With the rise of the Trade Federation, it was only a matter of time before another attempt to standardize a Galatic currency was made. It has been attempted much time before, and this TFC seeks to succeed where other attempts failed. The TFC rejects a commodity-based currency in favor of a controlled fiat, lowering the volatility and making it less susceptible to crisis. Additionally, the TFC is not conne
The complete free flow of trade throughout the galaxy is near-unattainable without a standard method of exchange. Economic freedom is directly linked to individual freedom, so for the prosperity of all individuals, trade should be unrestricted. This idea is the very core of the currency's conception. The elimination of exchange fees leads to more money being spent in the market. Elasticity across the galaxy's many diverse regions leads to stability. Stability, of course, ultimately leads to prosperity. Some claim money to be the root of all evil, but to those in the Trade Federation, it has become incredibly clear that money is the root of all that is good in the world.
This is their attempt to maximize that 'goodness' as it were.
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