Setting Up The Sting

Setting up the monetary system only requires that every single digital dollar in the system be identified by a unique IPv6 identifier (even numbered?) The scope of the system includes unit digital dollars that are not circulating as well as those that are in circulation.  That means that a sufficient pool of unique IPv6 identified digital dollars with a value of one dollar each exists in either circulation or suspension for purposes of monetary system control and regulation.

Money in the form of a uniquely identified digital entity at the unit value level of one is therefore the micro level unit of the monetary system.

The key to understanding this concept is that once a unit dollar is created it exists as a unique digital object identity forever either in circulation of suspension status.

Management of all units of money is the macro level responsibility of a Monetary Authority.

All money that is in circulation is defined as all dollars managed by the Monetary Authority that have an associated uniquely IPv6 (odd numbered?) identified owner/user financial entity account.

Managemt of all user financial entity accounts is the macro level responsibility of the Accounting Authority.  There are two types of financial entities that may have financial system user accounts:

1.  All citizens.  (If they want to use the monetary system which by law is the only monetary system that may settle all debts public and private.). De facto a mandatory requirement for all citizens to have a financial account identified by a unique IPv6 identifier (with an identifying alpha character?)

2. All non citizen financial entities.  Entities registered to conduct monetary transactions.  Uniquely identified by an IPv6 identifier and associated detailed financial operation information.

The third macro level authority is the Contracting Authority.  It is this authority that maintains the master debt record of which financial entities have contractual debt relationship with any other financial entity an how much is owed to whom with reference to the contractual document identified by a unique identifier (maybe not IPv6 in this case because contracts expire in one way or the other.)