Wednesday, July 18, 2012

SuperClass: Financial Entity

My fantasy money system, what money is, not what it does, is based on the idea of a single central digital record of all money supply.  About 7 trillion dollars.

Each dollar is denominated as one dollar and each has a unique serial number.  Each dollar is associated to an "owning" financial entity.

As money transactions occur, the name of the "owner" changes.  The digital dollar record does not otherwise change and exists forever once it is created.

Financial entities interface with their "owned" dollars through electronic devices over the secure communications network.

That is the SuperClass: Money.

This is the SuperClass: FinancialEntity

Only Financial Entities can interact with SuperClass: Money.  There is a money system FinancialEntity register.  All citizens of the USA are instances of the SuperClass FinancialEntity.   Citizen Entities may combine to form a unique parent Class: CombinedFinancialEntity.

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