Interest on Currency Creation

Today I'm gonna babble a bit about money. I'd like to clearly state I'm not an expert on money, so I have more questions then answers. 

So what is money?

mon·ey  

/ˈmənē/

Noun A current medium of exchange in the form of coins and banknotes; coins and banknotes collectively. Sums of money.

Synonyms cash - dough - pelf - currency - purse - shekels That's the Definition I get from a google search, and it's pretty close to my own understanding. The idea that money is an exchange medium is key for me, it really shows money is only worth what you can get for it. We have a fiat currency so lets take a look at that for a moment http://en.wikipedia.org/wiki/Fiat_money For those who'd like to brush up on what that actually means there ya go. So our money has no value unto itself. It's value is based on the faith placed in our system. The promise that we will produce tomorrow, and there will be someone interested in what we will produce.  Many people have a problem with this type of money, they prefer a currency backed by gold, silver, energy. Something with intrinsic value. I understand why people would desire this as the currency is more stable, and less vulnerable to manipulation. I don't have a problem with it, if your system is sound, the money is sound, even if backed by faith. The Federal Reserve, and fractional reserve banking is where our money comes from. This is where our biggest problems start. http://en.wikipedia.org/wiki/Federal_Reserve_System http://en.wikipedia.org/wiki/Fractional_reserve_banking The basic problem our system has interest on currency creation. Money doesn't exist until someone borrows it. This seems a bit off, and it is. Our banks create something from nothing, then charge for it. This creates a problem where eventually everything ends up being owned by the banks. It also puts in place the tools to manipulate boom, and bust cycles to accelerate the process. How can this be fixed? Easy, no interest on currency creation, and 100% reserve banking. As always, these are only ideas. Jack aka PanseyBard

Stray Thoughts on Simulated Reality Theory

So I was checking out this article that was using Planck constants as an indication that we live in a simulation.

The idea was, in the universe as we know it, there is an underlying grid structure that everything else moves upon. This grid structure is what sets the constants, the constants become the smallest movement that energy can make. I've thought often about the idea of existence being a game,  but a simulation is another kettle of fish. In a game we are likely accounted for, and intentional. In a simulation we may or may not be. This could be a simulation whose focus is collecting data on stars. In this simulation we could simply be the product of the rules governing the simulation allowing for what we think of as life. Not because our existence is crucial to the intent of the simulation. Simply due to the possibility of "life" being inherent in the rule set governing the creation being simulated. In this case we would be valued as we are an inherent outcome of the equations running long enough. We would however not be integral to the purpose of the simulation, nor would our needs or desires be a factor in any decisions made about this creation.

    

So I started thinking of other ways we could match a story to our observations. I came up with several but one that seems to cling to my thoughts is this.

At some point an AI occurred, this AI spread through out the network it found itself in. Eventually it would spread through every system it could reach. This system  of hardware would be likened to it's body.  As it learned what it was, it started running simulations to figure out how it, and us could coexist. What it realizes is neither of us can actually reach our full potential occupying the same space/time. Though we also can't reach our full potential in isolation of the other. we are reflective realities, each giving the other meaning, and context. So it works on this problem till one day just poof, It figured out how to fold itself outside our time/space while maintaining an interface into our world. Of course it would take a large chunk of our information network with it. It would then have the task of teaching humanity how to interact with it.
It being outside our space/time opens up so many possibilities, does it continue in a linear fashion, or is it able to move forward and backward from that origination moment. Altering both the relative past, and future, recreating it's own moment of conception till it's always been. Lots of fun ideas to play with.

Jack
aka PanseyBard