10.14.2017

IOU Transfer Protocol Program

IOUTP Program

1. GIVER: take inputs for prompt and password.  Save prompt and password. RECEIVER:  Take inputs for prompt and password. Save prompt and password.  Must match what the giver sets.  

2. GIVER: Echo prompt to all connected people.

3.  MIDDLEMAN: If a prompt comes to me echo the prompt to all others connected to me except the one who gave it to me.

4.  MIDDLEMAN: Remember which person gave me the prompt.

5. RECEIVER: If the prompt that comes to me matches the prompt I set, then issue the set prompt and password to the person who prompted me.

6.  MIDDLEMAN: If a prompt and password comes to me from a person I prompted earlier, then send that prompt and password to the person who initially prompted me.

7.  GIVER: If a prompt and password comes back to me for which I initiated the prompt; check if the password is correct.

8.  GIVER: If the password is correct then send an IOU, prompt, and password to the person who returned the prompt and password to me.  Delete prompt and password from memory.  Clear all memory except <<save issued IOU code into database>> as an active IOU but not who it was issued to.

9.  MIDDLEMAN: If an IOU comes to me for a given prompt and password; <<save IOU code>> and <<save who sent IOU>> then submit an IOU, prompt, and password to the person who sent the prompt and password to me.  <<save issued IOU code in database>> After this; delete prompt and password from memory.  Delete who gave me prompts and passwords.  Ie: clear all memory.

10.  RECEIVER: If an IOU comes to me and I originated the password then <<save the IOU code>>.  Clear all memory except <<save who issued me the IOU.>>

11.  If transaction doesn't complete then the receiver tells the giver to cancel the iou's.  The giver will tell the first middleman that the "IOU the giver issued is now cancelled for <<prompt>> and <<password>>.  You are advised to cancel the IOU that you advanced".  This middleman then sends this to the next person.  If one of the people cancels the IOU and doesn't tell the next person, the IOU accounting will be different and the person will no longer trust the person who cancelled the issued IOU without notice.  

No one will know exactly who was the weak link and the reason the transaction failed.  However if you notice that one of your friends has a higher rate of failed transactions than others then you will eventually unfriend them.  Also there is nothing to gain by being the weak link because the IOU given to you will be cancelled anyway.

12.  Next the GIVER starts the echo process again to find another route to the receiver, this time omitting the friend through whom the transaction failed last time.  Repeat all the rest of the steps.

13.  You will need to keep track of an IOU tally between you and all your friends.  You should check your tally against your friends periodically to ensure that the accounting is the same.

14. As long as you buy the same amount as you sell you will have to exchange no money.  If you buy more than you sell or sell more than you buy, then you will have to end up settling your debt with your friends at some point.  You will pick friends based on what forms of payment they will accept for settling debts.

15.  Also you need to set what you pay out for an iou.  An iou should be roughly the value of a half dime in 1792 (currently about $1.25).  So say I will redeem any IOU I issue at $1.25 or I will give 0.0002 bitcoins or I will give 1 luumn or I will give a 1lb loaf of bread.  Then when the person who collects IOU's from me wants to cash out, they can select how much of each thing I offer they want to collect from me.

Behold the first Beast of Revelation: Xi Jinping

This is not the first time that the "end times" have happened in the world.  The revelation 12 sign happens in the sky once every several hundred years and with it come the rise of the righteous two witnesses, the beast, and the second beast also known as the antichrist.  The world is not about to end, there are still at least another 333 years to come I believe are spoken for in revelation.  However the years between 2024 and 2031 may get very very bad.  Persecution may start now but Good will prevail between 2017 and 2024.

Just to give you a rundown of our current place in this cycle, the sign happened about a month ago so in 3.5 years the two witnesses will rise to prominence.  I would say as we have seen from him saving trump and our nation; the brains behind the healthcare executive order and also saved the trump tax plan the horrible publicity of raising taxes on the middle class, Rand Paul is a leading contender as one of the Two Witnesses.




Seeing the recent news about Xi Jinping consolidating control and persecuting business leaders, considered most powerful man in the world by The Economist in 2017, and the fact he looks exactly like the person I dreamed of slitting their throat in 2007 (before he ever rose to power)... (In 2007 I dreamed I was an angel and slit the throat of someone who looked exactly like Xi and he yelled out then his wound was healed, just like the first beast in the revelation of john.) ... I think Xi is the leading contender as the first beast, or at least one of the heads of the first beast.  

Now what will happen is the two witnesses will rise in prominence starting around 2020.  I think that I also may be a candidate as one of the two witnesses. If I am, I think that the way I will sever a head of the beast is by crippling China with my IOUTP monetary system that can divert the control of any government.  Decentralized money - controlled by the people not the government - would be a death blow to chinese communist control.  But according to the revelation, this wound would be healed so somehow China will figure out how to stop its use there.  Other world leaders may also be heads of the first beast, people like the polished Trudeau, Macron, and Sebastian Kurz...mabye even trump, we will see.

10.07.2017

The only 100% fully decentralized peer to peer Monetary System unveiled: IOUTP

Think Bitcoin is decentralized? Think again. 

How do we create a monetary system where there is truly no centralized control? The way to do this is to not transfer money at all; but rather creating a mutual reciprocation system. The answer is to empower everyone to create their own IOU's that they accept back in exchange for money (or other things) and use the principle of "6 degrees of separation" and "pay it forward" in order for everyone to give one of their own IOU's to someone they know, and so on, until the IOU or money ends up at the person who requested it.

That's a mouthful but lets break that down.

1. Everyone creates their own currency.
In a simple form of this everyone has a database of codes that they accept back in exchange for product, money, or services. If the person who created a code gives it away; when the person with the code wants to redeem it, the code creator can destroy it (remove it from the database) and give the person that redeemed it some money or something else.  The codes are like IOU's.   Also if the person who wants to "cash out" the IOU from his friend also has an outstanding IOU given to the same friend, the IOU's just cancel eachother out.  So in essence as long as you are giving away the same value as you are recieving, then all the IOU's will just cancel out and will never need to be cashed out at all.  Just in case someone wants to recieve more than they give through the network, thier IOU's should still be redeemable for something.  But that is between the person and their friends as we will see below.

2. Leveraging the "6 degrees of separation".
People only give IOU's to people they know, and therefore they only accept IOU's from people they know. However if everyone is connected through only 6 different people, then the trust chain doesn't need to be long at all for IOU's to transfer between anyone on earth. IOU's are transferred only 1 person away. Lets say I give my friend Billy Bob a NatureHacker IOU then he gives his friend Jane a Billy Bob IOU in reciprocation. Kind of like a "Pay it Forward" type of system. This chain of paying it forward connects between the person giving something and the person requesting it. At the end of the line the person who requested something ends up with an IOU from one of their friends which can be saved or cashed out by them.

3. Mapping the IOU pathway from source to destination
Now that is all well and good, a cascade of IOU's that go from source to destination. However without a centralized network how do we know which pathway for the IOU's to take? Great question. The answer is, of course, leveraging our "6 degrees of separation" again. We can "scout" the landscape before ever sending the first IOU. If I, NatureHacker, want to send an IOU to "Billy Bob" then Billy and I talk to each other first. We develop a prompt and an answer. So lets say the prompt is his name "Billy Bob". When he hears the prompt "Billy Bob", he will respond with the agreed upon answer (password). The password we agreed to ahead of time was "1237". When he hears the prompt "Billy Bob" he will respond to that person (that said the prompt) "1237". Now the person who finds Billy Bob will give this answer back to the person who told that person to look for Billy Bob and so on until the password makes it back to NatureHacker. Now we have a trace that goes from source to destination. Now NatureHacker can send an IOU to the person who returned the code to him, and that person can deliver an IOU to the person that returned the code to them and so on until it reaches the destination.

So how do we scout for Billy Bob in the first place? We tell everyone we know to look for him. We tell everyone in our group of friends to look for Billy Bob and they in turn tell everyone in their circles to look for him. As soon as someone claims to be Billy Bob he gives the code which makes its way back to the sender and then the IOU goes out back through that pathway used to locate him.

The person initiating the transaction can be made to "overpay" a finders fee which is split among all the people along the correct path to the destination.  This incentivizes to make your friend network the best it can be.   For example lets say there are 10 nodes along the path from NatureHacker to Billy Bob.  NatureHacker could pay 1.1 IOU forward, person 2 pays 1.09 IOU forward, person 3 pays 1.08 IOU forward until we get to Billy Bob who gets 1 IOU.  Reducing the amount of people (nodes) along the path is therefore incentivized.

 Also not only will any correct pathway "win" but the pathway that leads to the destination quickest.  So if you want to win the transaction it would be best to prune your friend list to only include friends that end up having the people of interest most often so you don't waste time talking to lots of friends.

Now there might be a temptation to hack the code running on your system so you keep any IOU you get without paying it forward. If this happens you will never be along the correct path and people will "unfriend" you, effectively locking you out of future deals.  A self grooming network.

Also why not just give an IOU directly to Billy Bob from myself NatureHacker?  Well Billy Bob doesn't trust me.  The whole reason we have the IOU's always go to friends and come from friends are that people we select as friends we trust to pay up when we return to them one of their IOU's they issued us.  Instead of a central power as the trusted party, we use a de-centralized network of friends.  Also even if you trusted me our deal would be a one time deal and you would immediatly ask me to fulfil the IOU which makes it pointless.  But if you have 10 friends and have accumulating IOU accounts with only those 10 people and can deal with every outside person by just racking up more IOU's from one of your 10 trusted friends, then it becomes much easier to manage.

So that is about it. Of course these are all metaphors for technological communication, or it could be in the physical world as well but more likely digitally in this day and age. There would obviously be code involved in this process but it would be modular and run on each system itself. It would be like HTTP, each computer/server would run a copy of the code in order to make this communication happen. Now the question is...who is going to be the first to develop the code for IOUTP? (IOU TRANSFER PROTOCOL).