Abstract.
Bitcoin is the technological achievement of the decentralization of peer-to-peer trustless electronic cash, which then lead to the economic achievement of the issuance of a new global non-fiat currency. While ICOs through Ethereum have created hundreds of new cryptocurrencies, few progress past the standard that Bitcoin has achieved. The next level in achievement through Ethereum and ICO’s should be found in cryptocurrencies which have the objective to further a new global decentralized economic paradigm.
About Asia Reserve Currency Coin
Eric Tao
Geraldine M. Diaz
Vince Wang
Joel Malasaga
Mark Mu-Chi Sung
Conroy Cheng
Morgan Potter
We propose to explore the impact of crypto-currencies in the area of ‘economic development’. Economic development is the area of bringing ‘third world’ developing countries out of poverty to the standards and stability of the ‘first world’. Currently, there is no clear economic development model which provides distributed development that improves the lives of all individuals over than of just the standing economic elite, i.e. major corporations or societal elites who are the main beneficiaries of increased GDP of a nation.
Incorporating two major innovations of bitcoin of decentralization and incentives, the International Blockchain Monetary Reserve, IBMR, seeks to create a new economic participation model through a ‘Social Proof of Work’. In emerging markets, individuals do not have the opportunity to engage in asset accumulation or realize a long term economic outlook due to the instabilities of their own markets and the lack of infrastructure which makes entrepreneurship limited in scope and scale. The ethos of blockchain technology and cryptocurrencies is to create trustless financial structures that create distributed and unrestricted capital. Nowhere is this more of a necessary than for emerging markets to break out of the structured oppression of powerlessness and poverty, and yet the capital cost of mining through hardware and electricity makes this an unrealistic undertaking for 3rd world participants.
Social Proof of Work, replaces the act of mining with electricity with mining through socio-economic participation and peer-to-peer validation. Through the IBMR Economic Development Platform, individuals from emerging markets will be able to mine ARCC (Asia Reserve Currency Coin) through a decentralized system of socio-economic voting and surveys. The ARCC mined on the IBMR Social Proof of Work network can then be spent within the network towards regional cooperative infrastructure and industrial investments that support regional competitiveness and market stability. The results of these surveys contributes to a radical transparency which directly addresses the biggest barrier to development which is systemic corruption by the economic elite.
ARCC itself will take a role as a ‘regional cryto-reserve currency’. Emerging markets all face a high degree of volatility which affects currency stability, which in turn, affects overall national investment and market sentiment. Yet on a regional level, regions such as South East Asia, have exhibited consistent growth. ARCC will: (i) align its underlying value to this regional economic growth through investment in regional infrastructure and industrial projects, (ii) hold a fiat and crypto currency reserve to give a base value for the ARCC, (iii) be directly distributed to the individuals of the region, and (iv) via Social Proof of Work create the first decentralized regional economic development network.
The distribution network, IBMR EDP (International Blockchain Monetary Reserve Economic Development Platform) will be composed of: (i) a regional ID and wallet; (ii) a Social Proof of Work Platform where by participants ‘mine’ their ARCC via socio-economic surveys, votes, and education courses, and (iii) an internal investment platform which only accepts ARCC earned through ‘Social Proof of Work’. 12.5% of the total ARCC initially minted, will be mass distributed on the basis of this Social Proof of Work model through the IBMR EDP to the South East Asia region.
About Asia Reserve Currency Coin
Eric Tao
Geraldine M. Diaz
Vince Wang
Joel Malasaga
Mark Mu-Chi Sung
Conroy Cheng
Morgan Potter
We propose to explore the impact of crypto-currencies in the area of ‘economic development’. Economic development is the area of bringing ‘third world’ developing countries out of poverty to the standards and stability of the ‘first world’. Currently, there is no clear economic development model which provides distributed development that improves the lives of all individuals over than of just the standing economic elite, i.e. major corporations or societal elites who are the main beneficiaries of increased GDP of a nation.
Incorporating two major innovations of bitcoin of decentralization and incentives, the International Blockchain Monetary Reserve, IBMR, seeks to create a new economic participation model through a ‘Social Proof of Work’. In emerging markets, individuals do not have the opportunity to engage in asset accumulation or realize a long term economic outlook due to the instabilities of their own markets and the lack of infrastructure which makes entrepreneurship limited in scope and scale. The ethos of blockchain technology and cryptocurrencies is to create trustless financial structures that create distributed and unrestricted capital. Nowhere is this more of a necessary than for emerging markets to break out of the structured oppression of powerlessness and poverty, and yet the capital cost of mining through hardware and electricity makes this an unrealistic undertaking for 3rd world participants.
Social Proof of Work, replaces the act of mining with electricity with mining through socio-economic participation and peer-to-peer validation. Through the IBMR Economic Development Platform, individuals from emerging markets will be able to mine ARCC (Asia Reserve Currency Coin) through a decentralized system of socio-economic voting and surveys. The ARCC mined on the IBMR Social Proof of Work network can then be spent within the network towards regional cooperative infrastructure and industrial investments that support regional competitiveness and market stability. The results of these surveys contributes to a radical transparency which directly addresses the biggest barrier to development which is systemic corruption by the economic elite.
ARCC itself will take a role as a ‘regional cryto-reserve currency’. Emerging markets all face a high degree of volatility which affects currency stability, which in turn, affects overall national investment and market sentiment. Yet on a regional level, regions such as South East Asia, have exhibited consistent growth. ARCC will: (i) align its underlying value to this regional economic growth through investment in regional infrastructure and industrial projects, (ii) hold a fiat and crypto currency reserve to give a base value for the ARCC, (iii) be directly distributed to the individuals of the region, and (iv) via Social Proof of Work create the first decentralized regional economic development network.
The distribution network, IBMR EDP (International Blockchain Monetary Reserve Economic Development Platform) will be composed of: (i) a regional ID and wallet; (ii) a Social Proof of Work Platform where by participants ‘mine’ their ARCC via socio-economic surveys, votes, and education courses, and (iii) an internal investment platform which only accepts ARCC earned through ‘Social Proof of Work’. 12.5% of the total ARCC initially minted, will be mass distributed on the basis of this Social Proof of Work model through the IBMR EDP to the South East Asia region.
The International Blockchain Monetary Reserve, IBMR.io, is a social impact economic development reserve and advisory established to promote distributed inclusive economic development for the urban working poor in corrupt failing emerging markets through the issuance of regional ‘crypto reserve currencies’ supported by corresponding decentralized economic structures, underlying assets and regional market alignment.
‘Social Proof of Work’ is the basis for IBMR.io’s economic development model which creates an inclusive wealth distribution network that fosters radical social transparency for a corrupt-free entrepreneurial environment that allows for the optimal deployment of a macroeconomic stablecoin ‘crypto-reserve currency’ as a ‘micro asset’ for production.
IBMR.io is registered in Singapore, and its first focus of development is Southeast Asia. Through the issuance and support of ARCC, Asia Reserve Currency Coin, IBMR.io intends to break the cycle of poverty, corruption and wealth disparity in emerging markets through the decentralized properties of cryptocurrency and blockchain technology.
Mission
International Blockchain-Monetary Reserve IBMR.io. Regarding the structure of the economy, regional assets are equal.
Evidence right
IBMR.io is published in Singapore, and Southeast Asia is the first development. Through ARCC publication and support, Asian Reserve Exchange, IBM r.io competition for memes
Prospective buyers of tokens, ARCC, careful consideration, and valuation, all, and related credit, cryptocurrency, PTD International Blockchain Monetary Reserve, LTD. and every business and operation, ARCC tokens and tokens receive initial ARCC as a pre-sale and sale of the community.
Before purchasing an ARCC token, review all information entered in this white paper, including each Risk Payment and every P & I at the point of purchase. Get you to know what you want before you get an ARCC. Risk Statement. We ask that you seek financial advice before discussing in any business.
RISK
No supervisory authority receives information that is successful in this White Paper. No action has been taken and will not be taken in accordance with the laws, regulations or rules of any jurisdiction. The publication, distribution, or distribution of this Technical Document is not in accordance with the law
Radical social transparency
Damaged and corrupt emerging markets corrupt systemic corruption Combining, discussing, and informing the public about data in will begin the process of improving the living standards of poor workers by drawing up their own political mandates
For the avoidance of doubt, the Supplier expressly disclaims responsibility for all responsibility
(I) rely on any information contained in this document,
(ii) errors, omissions or inaccuracies in the information,
(iii) All actions taken by him, or
(iv) use or purchase of products available through the ARCC platform.
You agree and agree to ARCC for investment purposes, speculation, agreement with certain types of arbitration strategies, for immediate or other financial resale
aim. Some agreements in the White Paper include forward-looking agreements,
which reflects the views of current suppliers regarding implementation road maps, financial indicators, business strategies and future plans, both in the discussion with
and industries where Suppliers work. "Word of hope" statement,
IBMR.io Think Tank Advisory New York, New York
ARCC Taipei Software Development, Taiwan
IBMR.io Fund & Holdings Singapore
Currency reserves
Regional investment
Software platform
MANAGEMENT
ARCM Monetary Policy Board
Monetary policy mandate
Audit
zkLedger
PwC / Main Audit Office
Tim
Stanley K. Kwok
Advisor
Darius Yuen
information:
Bitcointalk username : cinta monyet
Bitcointalk link : https://bitcointalk.org/index.php?action=profile;u=1957091
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