Monday, October 29, 2012

Carbon Nano Tube Money

The nano level is a small deal!

http://www.bbc.co.uk/news/science-environment-20086402

Technological progress means ever increasing information storage and processing capacity and speed.  Seems to be a fact that can be express mathematically over time.  A law that is so surprising in its (so far) truth that I wonder when we will reach peak computing power.  Will we run out of a need for any greater increases before we run out of need to make any further increases?

Making a uniquely digitized, serialized digital dollar with a unit value of one as an object in the monetary system related to a uniquely identified owner of that dollar in the system requires some computer power.  That power is not beyond today's capability.

The fractions of a dollar?  To apply the concept to the penny level, the most granular level of our money supply requires some great computer storage and speed capacity.  It also resolves that difficult problem of how to handle the small change in the system structure I propose.  My answer is to simply toss that problem to free private enterprise and let them solve it with any system they can create to integrate with a monetary system operating at a level where the smallest granular level is the dollar.  Perhaps free private enterprise could develop a system at the micro-micro level like tenths of a cent as we price gasoline we might also pay for anything to the 10th of a cent at the most granular level of the monetary unit.

Technology is headed to the point where that is possible.

In a real time total capacity to handle any degree of computing power needs in processing or storage anything can be done with information.   The micro contribution of all the value added to anything where thousands of individuals contribute to object created for sale could immediately be paid to the account of the individual human contributor.


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