Friday, March 13, 2015

Then There Was Account

Currency exists first.  Account is defined in terms of currency ownership.  A unique account is an object that describes exactly how many aggregate unit dollars of currency in the money system (none or more than 1) are owned by the financial entity identified by a unique IPv6 identifier.

All citizens may have an account, have a right to an account, and must have an account to conduct financial transactions of Currency.

All other financial entities that are not human being citizens must have a financial identity established on record in order to conduct transactions in the Monetary System.

The Account System is administered by the Account Authority.

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