Post by Admin on Apr 10, 2018 22:25:20 GMT
Tragedy. The idea of appreciating monetary units began in the tragic aftermath of the 2008 global economic collapse. Major banks like Bear Stearns, Lehman Bros, and others, began to collapse under wave after wave of dollars being removed from the banking system. Leveraged assets, mutual funds, mortgage backed securities, and collateralized assets fell into an abyss of zero value.
Research into the collapse showed clearly that the central banks had made fatal errors in estimating the economic fallout and domino effect that would follow. Broadly diversified portfolios of mutual funds were destroyed, massive funds of assets with real holdings in jets, land, ships, bonds, corporations and more collapsed to zero and near zero prices wiping out everything in their path.
From this broad collapse an idea was born. The architect of NUMA and WAU Coin started The Internation Reserve. The Internation Reserve project was begun in 2009 to create a decentralised monetary unit and store of value system that could not collapse. Using SQL database software, a web interface, and visuall c++ code the first Internation Reserve system was unofficially created and numbers were crunched. The goal was to create Appreciating Monetary Units that could be used as a backstop and store of value that would be unbreakable, and predominantly rise in real exchangeable value.
After evaluating every possible combination of assets and weightings it was determined that no ratio of commodities/currencies/bonds combined with a distributed ledger would be strong enough, and forwardly antifragile enough to accomplish this goal. In 2010 the Internation Reserve was put on the shelf, and the goal of appreciating monetary units remained elusive.
Research into the collapse showed clearly that the central banks had made fatal errors in estimating the economic fallout and domino effect that would follow. Broadly diversified portfolios of mutual funds were destroyed, massive funds of assets with real holdings in jets, land, ships, bonds, corporations and more collapsed to zero and near zero prices wiping out everything in their path.
From this broad collapse an idea was born. The architect of NUMA and WAU Coin started The Internation Reserve. The Internation Reserve project was begun in 2009 to create a decentralised monetary unit and store of value system that could not collapse. Using SQL database software, a web interface, and visuall c++ code the first Internation Reserve system was unofficially created and numbers were crunched. The goal was to create Appreciating Monetary Units that could be used as a backstop and store of value that would be unbreakable, and predominantly rise in real exchangeable value.
After evaluating every possible combination of assets and weightings it was determined that no ratio of commodities/currencies/bonds combined with a distributed ledger would be strong enough, and forwardly antifragile enough to accomplish this goal. In 2010 the Internation Reserve was put on the shelf, and the goal of appreciating monetary units remained elusive.