Solidar Whitepaper

[magius 32]

I setup this forum area for information about the Solidar Whitepaper to be written.

[Rik8119 242]

I'll copy the content from the German one in here soon.. 

[Rik8119 242]

PAGE1

world lead currency
- The social money
09/2015 WINC e. V.
www.wincev.orgÜbersicht:
The voucher currency Worldleadcurrency (WLC) consists of 3
components that have been successfully used in practice for years.
and are becoming increasingly important to the public.
These components are:
 Financial component:
 Technological component:
 Legal component:
free money
bitcoin
coupon
The vouchers have been developed in such a way that they can be used every 10 minutes.
lose value (20% p. a.). This loss in value in the overall system is
through monthly payments to the public welfare oriented
organizations.
WorldLeadCurrency (WLC) cash flow:
The maximum number of vouchers available is 20 000 000.
These can be divided into 8 decimal places. The
smallest unit (eighth decimal place) is called Satoshi.
1% (200 000) of the calculated vouchers are used to secure the
Vouchers available. The remaining vouchers are available via
recurring monthly donations to participating organizations
distributed. For legal reasons the vouchers are covered in Euro
(Euro:WLC 1:1 000 000). As with Bitcoins, the traded price can be
are many times higher, however, since this is solely due to supply
and demand.
At the beginning of the payout phase there are 19 800 000 WLC in the
Payout pool. The number of vouchers paid out is determined by
calculates a key and depends largely on the number of
Residents in the area represented by the organization.

Calculation key:
Number of people represented /
Number of people worldwide (8 billion) *
WLC in the payout pool
Example city (1 million inhabitants):
1 m/8 bn * 19.8 m = 2 475 WLC/month

[Rik8119 242]

PAGE2

Free money:
Looking at the amount of means of payment, there are 3 different
Concepts conceivable:
1. a stagnating money supply.
2. an increasing money supply.
3. a falling money supply.
While a stagnant or a falling money supply often
deflationary effects and an increasing money supply inflationary, may also
with an increasing money supply deflation and with a
stagnating/falling money supply inflation will occur. For the
economy can cause both deflation and inflation to be harmful.
have an effect.
 Deflation: Prices are falling, people are waiting with their purchases
and the economy can no longer sell goods. The result is
an economic crisis (wikipedia.org).
 Inflation: Prices rise while wages remain the same. The
Purchasing power is declining and demand for goods is decreasing. The
The result is also an economic crisis (wikipedia.org).
The goods in demand are not only about the consumption of goods
necessary investments are also postponed.
A stable currency is therefore of great importance for a stable economy.
Meaning that has no great fluctuations.
The risk of excessive fluctuations can be reduced by the
concentration of money in the hands of a few can be significantly increased.
According to Wenzlaff et al (2014), this concentration is also possible without the so-called
compound interest effect. To this
potential dangers of the system's inherent redistribution to
there are various possibilities which, in total, have a common effect.
have taken the assets from the wealthy to the underprivileged.
Possibilities are, on the one hand, through laws such as the
minimum wage, a basic income or through an increase in the
to counteract the redistribution of wealth taxes. All common
In a globalised world, measures tend to have a negative impact on
investments and the trend is going to continue, also due to the proximity of
financially strong lobbying organisations for political
decision-making bodies, in the opposite direction. A fair one
Taxation can also be applied on a country-specific basis, even in times of crisis.
very difficult to implement, as was recently the case with the capital flight in
Greece (Spiegel.de 03.2015).
An alternative possibility is offered here by Silvio Gesell for the first time.
described free money (company 1949). This money is replaced by a
time controlled process continuously devalued. This makes it
much more difficult to accumulate large amounts of money, and a
Tax evasion is not possible, as the tax is paid at any time to the money
is bound.
Since the tax is applied as a percentage of the available financial assets
this is also a fair tax, since the tax burden is always limited to
relates to the actual financial assets available.
However, it is important that the tax levied is such that the
income will benefit all people as evenly as possible.

 

[Rik8119 242]

PAGE3

 

Bitcoin:
The basics of bitcoin technology (ECC Ecliptic curve
cryptography) have existed since the end of the last century and
the security standards used comply with the technology
military intelligence (bitcoin.org).
The special feature of bitcoin technology is its values via the
to authorize the corresponding key. These values are stored in a
publicly accessible file (the blockchain) will be saved.
and can only be transferred by the owner of the personal key to a
any account can be sent. Thus Bitcoin is an independent
Internet-bound payment system that is valid worldwide
(bitcoin.org).
The personal key is therefore to be protected from loss or theft.
otherwise access is no longer possible and the bitcoins
are irretrievably lost.
After installing a wallet (PC, Mac, Android, Linux), the wallet becomes a
private keys belonging to the wallet are stored in a file.
Here, the terminal device used must be reliably protected against access from
(fours, trojans, theft valley) and a copy of the
file to an external device in case of damage or loss.
to prevent.

Translated with www.DeepL.com/Translator

[Rik8119 242]

PAGE4

Special features WLC:
As a difference between the worldleadcurrency source code and that of
Bitcoin have 2 properties (github.com):
1. since each credit in the Bitcoin system is directly linked to a
can be linked to the previous bank transfer, are
Transfers in WLC with a time stamp (refHeight)
provided. This time stamp can then be used to
calculate how much of the original amount after deduction of the
circulation fee is still available. Before each new
The fee will be deducted by bank transfer, so that the
specified amount is sent.
2. worldleadcurrencies can be achieved through merged mining
method mentioned above without further effort of bitcoin calculators
secure. Via this procedure it is possible for the operators
powerful bitcoin calculator to calculate the currency for free
secure. In return, 1% of the money in circulation
reserved for the operators. If this procedure is not used
it can sometimes lead to delays in transfers.
that make it extremely difficult to use the currency. Coupons:
At the beginning of Bitcoins, Bitcoins were for many a
legal vacuum. However, this circumstance has changed over the last few years.
changed further and further by their public gain.
In many countries, Bitcoin still has an unclear legal framework.
Status. For many countries, Bitcoin is a value investment that can be found in every
sale must be taxed. In other states, Bitcoin private
Money on which taxes only have to be paid if you have goods
in the future.
The situation in the European Union is even more ambiguous, since
Bitcoins traded in exchange are considered to be investments in Bitcoins in the
normal trade as private money (bitcoinblog.de 07.2015).
In order to make this difficult for traders, private individuals and banks.
the regional currency, for example, was used to counteract this situation.
CHIEMGAUER as voucher currency. own vouchers
a clear legal framework and can also be used by banks without
legal problems are managed as an account (CHIEMGAUERKonto
Prien Savings Bank). In addition, merchants can purchase vouchers such as money
and only have to accept the sales converted into euros
(chiemgauer.info).
The association WINC e. V. has therefore taken over the administration of the vouchers.
and to use this as a model for the Chiemgauers as a
vouchers (wincev.org).

[Rik8119 242]

As i said earlier, this is just a first draft that needs to be adjusted to the newest developments.