A Virtual Currency
This proposal outlines the concept of creating a global virtual currency that would serve as a standard benchmark, NOT a tradable asset. Nor would it be a version of transactable encrypted currencies. The primary objective of this currency is to maintain a fixed and stable purchasing power, unaffected by inflation, recessions, or other economic variables. This stability is essential for its function as a REFERENCE STANDARD for key financial indicators such as wage levels, income value, real profits, ‘fair’ hiring salaries, and many other economic and financial transactions and variables. Definition of the Currency Unit The core unit of this currency would be defined as the amount of money required to sustain an average individual for one day in a country with an average cost of living. This comprehensive daily budget would encompass all typical needs: food, transportation, housing (rent), and other essential expenses for one person per day. Proposed Naming Potential na...