The New Virtual Organization World
- Intellectual Compass. It's a just a fancy way of saying that your Vision and Mission must be so very clear and SIMPLE to the point where you can articulate it within 60 seconds or less to any 6-8 year old child who will readily understand it.
- Invincible Armor. It's just another way of saying that the product or service or idea or utility or innovation that you are offering must be so very clear and SIMPLE that a potential stakeholder will have a great deal of difficulty in trying to grasp its value, importance and relevance as it applies to their daily life or routine. (Yes, you read that correctly.)
- Principled Shield. It's just another way of saying that your implementation strategy must be so very clear and SIMPLE that others around you will have a great deal of difficulty understanding how that is possible. (Yes, you also read that correctly.)
In fact, it is the simplicity of your implementation strategy which gives you the Mental Toughness you need in order to prevent others from veering you in all directions, and have you drifting away like the captain of a ship without a compass, thus making it almost impossible for you to reach your final destination.
(Although many will indeed try to steer you in their own direction in the absence of immediate results; to a point where even you yourself may become tempted to question the wisdom of your SIMPLE implementation strategy.)
"Simplicity is the most challenging concept to grasp in a Complex World.
"In other words, the simpler an idea or concept, the more difficult it is to grasp or understand.
"Being the founder of the virtual organization management discipline pioneered since 1997, I can tell you from experience that "simplicity is an art and a sign of intelligence.""
- If Nikola Tesla (the founder of the modern world that we all live in today) did NOT prevail with his SIMPLE concept of Electricity (AC current) in every home and building as well as on every street, road and highway.
- If Steve Jobs and Steve Wozniak did NOT prevail in 1975 with the SIMPLE concept of being able to type a character on a keyboard and see it displayed on a TV screen, in essence instrumental in giving birth to the very first easy-to-use microcomputer in 1976.
- If Paul Jay Terrell of Byte Shop did NOT prevail in 1976 with his SIMPLE concept of purchasing and selling a working Apple I computer (instead of an Apple computer kit for techies and nerds) in his store as he negotiated with Steve Jobs an order for the first 50 Apple I computers.
- If Bill Gates did NOT prevail with his SIMPLE but revolutionary concept of "License the Operating System" in order to achieve his SIMPLE vision of "a computer on every desk and in every home."
(By the way, Bill was NOT the very first person to come up with the "License the Operating System" concept. There were others who came before him. He merely adopted this SIMPLE concept for his own needs. As well, his SIMPLE vision for Microsoft was merely an adaptation of Apple's vision of "a computer on every desk" since Apple's focus was then on businesses instead of the average consumer.)
- If Francis James Canova, Jr. (the inventor of the smartphone) did NOT prevail with his SIMPLE but revolutionary concept of what we all refer to today as a "smartphone" although back then (in 1992) the term "smartphone" was not yet coined.
- If Nikola Tesla who first toyed around in the early 1900's with the SIMPLE concept of a "worldwide wireless system" for communication and others such as Paul Otlet, Vannevar Bush, J.C.R. Licklider, Robert Khan, Vinton Cerf, Tim Berners-Lee, Kim Nyberg, Kari Sydänmaanlakka, Teemu Rantanen, Kati Borgers, Eric J. Bina, and Marc Andreessen did NOT prevail with their SIMPLE concept of a Global Network of Computers, the Internet and World Wide Web that we have today and how to navigate it.
- If Larry Page, Sergey Brin and Scott Hassan did NOT prevail with the SIMPLE concept of being able to search for relevant info on the internet at blazing speed from a very simple search page.
- If Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams did NOT prevail with the SIMPLE concept of building a community engaged in sending short bursts of text messages over the web.
- Intellectual Compass. Is the Vision and Mission so very clear and SIMPLE to the point where it can be articulated within 60 seconds or less to any 6-8 year old child who will readily understand it?
Well, Let's Look at The Facts:
CloudCoin Vision: A digital global reserve currency with Cash-Like qualities. (3.8 seconds)
CloudCoin Vision (Extended Version): A digital global reserve currency with Cash-Like qualities that can be used worldwide for any amount or type of transaction and which cannot be double spent, hacked into, counterfeited, controlled or brought down by any organization or government anywhere in the world. (20.20 seconds)
(It took me a total of only 24.0 seconds to deliver both versions of my understanding of the CloudCoin Vision based on numerous speeches, interviews and documents attributed to Sean Worthington.)
CloudCoin Mission: "Our mission is to provide a "perfect" global currency that cannot be counterfeited, double-spent, or permanently lost; a currency that is resistant to theft; a currency that is 100% private, requiring no public ledgers, accounts, or even encryption; a currency that is so efficient that it needs no fees; a currency with a fixed supply, therefore no inflation; a decentralized monetary system that is absolutely fair and ethical that cannot be manipulated, monitored, or brought down by banks or governments." (It took me only 35.27 seconds to deliver this simple message taken directly from CloudCoin's website.)
My Simple Version of CloudCoin Mission: Our mission is to faithfully execute the strategy needed to successfully implement our vision of CloudCoin as the world's leading and only practical digital global reserve currency. (It took me only 13.26 seconds to deliver this revised version.)
As you can see, it took a maximum of 33.46 seconds to articulate both the vision and mission of CloudCoin to an 8-year old child. Whereas it took about 55.47 seconds to describe the vision and mission of CloudCoin to an adult who is somewhat familiar with some of the more technical terms and jargon used directly on the CloudCoin website.
Therefore, with respect to Intellectual Compass, the answer is "Yes, it meets the SIMPLICITY criteria."
- Invincible Armor. Is the concept, utility, practicality and specification of a practical digital global reserve currency so very clear and SIMPLE that a potential stakeholder will have a great deal of difficulty in trying to grasp its value, importance and relevance as it applies to their daily life or routine?
Well, Let's Look at The Facts:
For the Common Ordinary Person - Walking Into a Store with a $100 Bill. If you walk into a store and pull out a $100 bill (cold cash) out of your pocket to pay for an item that costs $90, the sales clerk or cashier will give you a $10 bill in change and you'll then walk out the door and go on about your business.
What just happened here during this Cash Transaction? The clerk or cashier DID NOT ask you for your name, for any sort of identification, for any bank account information, for your home address, or how you got that money (i.e., where that $100 bill came from).
Why not? It's a rhetorical question but I will answer it regardless: That's because he doesn't care about this sort of information; it would be an invasion of your privacy; AND it's none of his goddamn business.
He's only concerned about one thing: Is it a real $100 bill? After carefully looking at the $100 bill, he was able to see that it is NOT counterfeit, and that's all that mattered to him.
Well, when CloudCoin states that their CloudCoin digital currency has Cash-Like qualities, that's exactly what they mean. So, let's repeat the same process that you just went through, but this time around, you are going to use a 100 CloudCoin bill.
NOT NOW But In The Near Future: For the Common Ordinary Person - Walking Into a Store with a 100 CloudCoin Bill. If you walk into a store (which accepts CloudCoin) and pull out a 100 CloudCoin bill from a CloudCoin App on your Smart Phone to pay for an item that costs 90 CloudCoins, the sales clerk or cashier will have the capability to instantly verify whether or not the 100 CloudCoin bill is a counterfeit and, upon authentication, you will receive a 10 CloudCoin bill in change (sent instantly to the CloudCoin app on your mobile phone) and you'll then walk out the door and go on about your business.
By the way, CloudCoin uses a "traditional money" system that everyone in the world is familiar with:
- One CloudCoin
- 5 CloudCoin
- 25 CloudCoin
- 50 CloudCoin
- 100 CloudCoin
- 250 CloudCoin
No different than having a US $1 Dollar, $2 Dollar, $5 Dollar, $10 Dollar, $20 Dollar, $50 Dollar, or $100 Dollar bill.
As you can see, the process that you use when you are using Cash to purchase something "In Person" is the very same process that you use when you are using CloudCoin "In Person" via your Smart Phone.
Thus the reason why CloudCoin states or implies that the CloudCoin digital currency has Cash-Like qualities.
Transparency Notice for iPhone and iPad Owners:
Please note that, as of three years ago, APPLE did NOT allow CloudCoin Consortium to list its iPhone App on App Store. However, that being said, since then a lot has changed from an application features and development standpoint with respect to a new CloudCoin mobile app now under development. Therefore, upon its submission to Apple for compliance with App Store Review Guidelines and approval consideration, this process may yield a different result - so let's keep our fingers crossed.
NOT NOW But In The Testing Phase: For the Common Ordinary Person - Shopping ONLINE with a 100 CloudCoin Bill. If you go to a retailer's website (which accepts CloudCoin) to purchase something online that costs 90 CloudCoins, the Cash-Like Transaction process remains the same. How is that, you might ask?
Well, that's because the vendor's Order Form will provide you with simple instructions on how to send your CloudCoin payment to them. Their back-end CloudCoin Wallet is designed to instantly authenticate the CloudCoin bill that you have issued as payment (i.e., verify whether or not the CloudCoin bill issued is authentic or a counterfeit). If it is an authentic CloudCoin bill, then the vendor processes the transaction, sends any change due to you online and processes the order based on the information you provided on the order form.
RIGHT NOW: For the Common Ordinary Person - Shopping ONLINE. If you go to any retailer's website (which accepts CloudCoin) to purchase something online that costs 90 CloudCoins, the Cash-Like Transaction process remains the same (only to the extent that you have the exact amount of CloudCoins in your CloudCoin wallet). You will not be able to automatically receive any change from a specific transaction.
You can always download and install the latest CloudCoin Wallet for either your Windows, MacOs or Linux (desktop or laptop) computer.
For Every Single Business, Organization, Institution and Government Across the Globe Using CloudCoin. With respect to any entity in the world transacting in CloudCoin, the Cash-Like Transaction process remains pretty much the same. That means, your business, organization, institution or government is free to provide whatever information you deem appropriate since the integrity of the information regarding CloudCoin resides within the CloudCoin itself and NOT from any information or data that you provide.
Just as the integrity of a US $100 dollar bill resides in the information included on the dollar bill itself (e.g., serial number, type of paper and ink, and other intrinsic features) and NOT based on what sort of information you decide to provide on a form.
Here Is the Great Deal of Difficulty Part. Now that I have been able to demonstrate how SIMPLE it is to walk into any store or go online to purchase something using CloudCoin, and how awesome that is, let me quickly go over the part about how most people "will have a great deal of difficulty in trying to grasp its value, importance and relevance in their daily life or routine."
That's because, with respect to CloudCoin, 99.99% of people will have the tendency to automatically ASSOCIATE the digital currency CloudCoin with ALL the thousands of cryptocurrencies and tokens out there - with Bitcoin and Ethereum being the most famous of them all. In other words, they don't know that there is a huge difference between a cryptocurrency and a Cloud currency, digital currency, and digital global reserve currency.
As well, whenever they hear about cryptocurrencies, it's always associated with the words "blockchain," "mining," "gas fees," "cryptographic hash," "private key," "public key," "cryptocurrency exchange," "know your customer (KYC) information," "anti-money laundering (AML) information," "pose with a front and back picture of your driver's license," "a copy of your passport," "background checks," "tokens,"
"----- ICOs-----"
"coin airdrops," "wild swings in value of cryptocurrencies," "pump and dump schemes," "cryptocurrency wallet," "stolen wallets," "lost wallets," "cryptocurrency forking," "hackings of cryptocurrency exchanges and loss of millions of dollars," "terrorist financing," "dark web," "prosecution for fraud and embezzlement," "nobody knows if it is a real currency, a commodity or an investment," "taxes due on sale of cryptocurrencies," "SEC (Securities Exchange Commission) will let you know whether it is a real currency, security or commodity and whether or not it is subject to SEC rules and regulations," "predictions on the future value of Bitcoin in 5, 10, 15 years," and a whole lot more garbage.
Thus, when the foregoing noise, garbage and confusion associated with cryptocurrencies they are accustomed to hearing about or have personally experienced :: are juxtaposed against the simplicity and marvel of CloudCoin :: they have a great deal of difficulty in trying to grasp its value, importance and relevance in their daily life or routine.
Therefore, with respect to Invincible Armor, the answer is "Yes, CloudCoin meets both the SIMPLICITY criteria and the 'great deal of difficulty in trying to grasp its value and importance.'"Somehow or another, they figure that "this can't possibly be true" and that, perhaps, they must be missing some critical piece of information - as is always the case with the introduction of every spectacular innovation.
(No different than Steve Jobs and Steve Wozniak getting turned down in 1976 by their former employers Hewlett Packard and Atari when approached to finance their very first order of 50 Apple I computers from Byte Shop.)
In fact, to put it mildly, this very minute and second as you are reading this, CloudCoin is in the Apple I stage of its evolution. That means not even Sean H. Worthington himself can imagine, let alone predict with any degree of certainty, where CloudCoin will be 45 years from now. However, there is one thing for sure I am absolutely certain of:
Historians looking back at the evolution of CloudCoin 45 years from now (in the year 2065) will look at the vast amount of opportunities missed by the many who were initially introduced to CloudCoin and failed to understand its significance - including my own children, other family members, friends, colleagues and associates. Here is a sample of their reaction:
"What is this CloudCoin thing, is it like another Bitcoin thing, what's so different about it, how much is it worth, who is selling it, where can I spend it, where can I cash it and get my money back, why are you so sure it's not just another one of these scams?"
"I am a stock man and I don't want to have anything to do with cryptos or things that aren't real :: No, man, I am working on something right now that's keeping me very busy and I don't have any time for this kind of thing :: I don't know about this CloudCoin thing, got to think about it, I'll probably check on it."
And being a Futurist, for the sake of posterity, I will now go on record and state unequivocally, without a shadow of doubt, that CloudCoin throughout various stages of its evolution (i.e., with features and capabilities we have yet to imagine) will one day become the de facto and only official currency unit for many remote villages, towns and cities in many countries throughout the world. As well, it will be legal tender and the official [DIGITAL] currency for many countries in the world - and, one day, may even become the world's digital global reserve currency.
Most importantly, many technological marvels, advances and developments in telecommunications as well as the architecture of the fabric of a new society - many of them totally unrelated to digital currencies - will one day trace their roots back to CloudCoin's (then considered primitive) technology.
- Principled Shield. Is your Adoption Strategy so very clear and SIMPLE that others around you will have a great deal of difficulty understanding how that is possible?
Well, Let's Look at The Facts:
Every revolutionary invention brings with it the biggest challenge of all which is, "What strategy should I put in place in order to reach out to ALL potential stakeholders and what is the best way to implement such strategy?"
For some reason or another, generally speaking, innovators have a tendency to subscribe to a school of thought which leads them to believe that, by virtue of their "innovator" status, it is their solemn duty and responsibility to bear the ultimate burden of putting in place such strategy as well as ensuring its successful implementation. Thus the reason why more than 90% of such ventures eventually run out of money and backers, and are left with no choice but to fold.
For the most part, these innovators tend to be in denial and will blame their perceived failure on either "we ran out of money," "we made some critical mistakes along the way which made it impossible for us to recover from," "we didn't have the right team in place," "we got sabotaged from within," or "we were way ahead of our time."
And guess what! Throughout my 44 years of being an entrepreneur, I am guilty of using every single one of these excuses.
But there is one thing you will never hear "an innovator" admit to and that is, "We Did NOT Have a Clear and SIMPLE Adoption Strategy."
And why is that, you might ask?
That's because these "brilliant" innovators have a tendency to want to devise an "equally brilliant" strategy for their "brilliant" innovation. Thus the need to bring on board "brilliant experts" to design and implement such "brilliant strategy." And, of course, the more brilliant these experts, the more bogus, hocus-pocus and complex their strategies and, by extension, the more complex the implementation of their strategies, thereby greatly increasing the likelihood of failure.
The Need For a Clear and SIMPLE Global Adoption Strategy For CloudCoin
PRECEPT #1. Think Humans
In the final analysis, in order for CloudCoin to become a bona fide Digital Global Reserve Currency, CloudCoin Consortium cannot, must not, and should never be perceived as being some business, organization, institution, political and/or ideological entity, or any other entity which is, or can be, directly or indirectly, controlled and influenced by any of the aforementioned. As well, the CloudCoin currency itself cannot, must not, cannot afford to be, and should never be perceived to be under the jurisdiction of any government anywhere in the world - a very powerful status that only Bitcoin now enjoys. (Yes, that is possible!)
In other words, it must enjoy the same status that Bitcoin currently enjoys.
Therefore, CloudCloin Consortium, out of intellectual honesty and necessity, must always remain a loose association of Collaborators who came together to build, support, evangelize, promote - and continue to perfect - the world's first Cloud currency and most perfect digital currency. Such Collaborators will continue to walk through a revolving door in order to contribute what they may - and leave of their own accord; as is the case with the development of Bitcoin and nearly all other cryptocurrencies and alternative coins which have since sprung into existence.
Otherwise, the Consortium will be in direct contravention of its very own Vision (as construed by me in the foregoing CloudCoin Vision) and its very own aforementioned Mission Statement.
Why Is That?
Why is that, you might ask? That's because any central organization which owns the CloudCoin currency can be sanctioned by any government anywhere in the world; can be ordered to disband or be declared illegal, and have its assets seized, forfeited or frozen (i.e. stolen); its leadership and formal membership can be persecuted and subject to debilitating sanctions; its suppliers, vendors, contractors and facilitators can be browbeaten, coerced, and punished (e.g., via crippling sanctions and illegal seizure of funds and theft of other assets) for simply fulfilling - or trying to fulfill - their contractual obligations toward such central organization - think of JCPOA, Nord Stream 2, etc.
And even entire countries whose leadership refuse to condone or participate in the enforcement of any sort of unfair, immoral, unjust, criminal, and punitive sanctions against such central organization can be made to suffer through every sort of calamity and disaster imaginable or known to mankind (e.g., internal destabilization through human compromise operations and subversion of a country's entire political process, the appointment of treacherous stooges as officially-recognized alternate rulers living abroad, attempted coups and revolutions, assassinations, biological warfare, theft of assets and funds held overseas, coordinated attacks on a country's entire infrastructure, massive hyperinflation via coordinated attacks on a country's financial system and the total debasement or annihilation of its official currency) - up to and including the restriction of their country's access to the current global financial system.
Although every single human being alive today who is not living under a rock knows full well what I mean by the latter, nonetheless, for the sake of posterity, let me state that the aforementioned is not a matter of conjecture or probability - that is the way things are done today, this very minute and second.
This means, without exception, that every single country in the world today, including their leaders and citizens, is not only subject to but also vulnerable to the whims, mercurial behavior, insanity, corrupt and gangster practices, arbitrary and repulsive and illegal dictates of whomever happen to be the leaders of the country whose currency, the US dollar, is now the world's reserve currency.
Thus, as you can clearly see and understand, having the power to restrict others from gaining access to the world's reserve currency which lies at the heart of the current global financial system, is really what you call "absolute power." And as the British historian Lord Acton (1834 - 1902) duly stated, "Power tends to corrupt, and absolute power corrupts absolutely."
Therefore, regardless of the legal jurisdiction of any formal structure which claims to own or legally owns the CloudCoin currency, as long as this location happens to be somewhere here on planet Earth, then such hosting country can easily be persuaded to either kneel down, or come to the table to negotiate or renegotiate or outright surrender, as our current President is fond of saying, through the imposition or application of maximum pressure.
And one would have to be very naive to think that there is, somewhere out there in the world, a country which would be willing to enter into a very costly battle with the United States government strictly on the basis of principles and the fundamental concept of sovereignty. For those that do battle, it is always strictly on the basis of "their nation's survival" and their leaders' sense of self-preservation (e.g., China, Russia, North Korea, Iran, Syria, Venezuela).
Lessons Learned From Time Immemorial
Please note this isn't the very first time in history that a global or regional superpower or hegemon has abused the privilege of having a world or regional reserve currency - and it won't be the last. Today it is the United States of America. Prior to that, it was the British Empire, etc. Tomorrow, by all indications, there is a very strong possibility that China may become the bearer of such world reserve currency although China would prefer to have the SDR (Special Drawing Right) - a basket of five currencies - assume the role of the new world reserve currency.
Notwithstanding, the history of mankind has shown over and over again that NO single country or group of countries should ever have that sort of power over other countries and, by extension, other peoples' lives. For the simple reason that this tool is always used as a Heavy Club in order to either intimidate, terrify, and beat others into submission; and to destroy lives, or completely annihilate groups of people or an entire population. To wit, Individuals, Businesses, Organizations, Institutions, and Nations.
Hence, the role of a true Global Reserve Currency should be all about People - Human Beings - instead of a deadly weapon which allows one country to gain hegemony over other nations.
And with respect to CloudCoin becoming a digital global reserve currency, the lesson that we have all learned from time immemorial also applies to CloudCoin Consortium. It should never place itself in the position where it can play GOD over others, period. Nor can it ever allow itself to be "manipulated by others" who would seek to use their legal jurisdiction over the CloudCoin Consortium in order to play GOD with the lives of others.
A quick look at the tagline under the CloudCoin logo in the CloudCoin Weekly newsletter really says it all: Liberty - Privacy - Prosperity
That means, Liberty For All :: Privacy For All :: Prosperity For All - regardless of where in the world you may live. By extension, this liberty, privacy and prosperity automatically applies to all businesses, organizations and institutions which serve people all over the world. Thus, it would be a mistake for the CloudCoin Consortium to inject itself into the process of determining who can gain access to the CloudCoin digital global reserve currency and how to monitor and report individual transactions.
In Conclusion
In summary, Understanding The Value of Precept #1 - and putting it into practice - Will Build Public Trust Worldwide, open the floodgates of today's dysfunctional global financial system, and unleash a tidal wave of opportunities for CloudCoin to emerge as the world's undisputed digital global reserve currency. Admittedly this will NOT happen overnight.
This tidal wave of opportunities will come in chronological order from the following Universe of Potential CloudCoin Stakeholders:
- Sovereign Wealth Funds
- Private Pension Funds
- Top 100 Emerging Market Enterprises (Corporate Treasury)
- Top 100 Emerging Countries (Government Treasury)
- Forbes Global 2000 Companies (Corporate Treasury)
- Ultra-High-Net-Worth Individuals (UHNWI)
- Family Offices Worldwide
- Small Online Businesses (English-speaking)
- Global General Population (With a minimum HDI [Human Development Index] ranking of 0.70 - a total of 112 countries)
- Local Small Businesses in Remote Villages of Least Developed Countries (See the 2020 list of 47 countries with an HDI [Human Development Index] ranking of 0.00 - 0.589)
- General Population in Remote Villages of Least Developed Countries (See the 2020 list of 47 countries with an HDI [Human Development Index] ranking of 0.00 - 0.589)
PRECEPT #2. Veer Off The Cryptocurrency Beaten Path
We have all heard of the expressions, "Monkey See, Monkey Do" and "Practice What You Preach." Therefore, no matter how tempting it is to follow a time-tested formula that works, notwithstanding, any time your organization is standing at the crossroads, you must never hesitate to make the right decision which is to "Practice What You Preach."
No Listing On Cryptocurrency Exchanges
I know this sounds very counterintuitive, especially for those who have been working very hard in the trenches on the front lines, patiently Waiting for the Big Payday that will transform their existing stash of CloudCoins into Gold.
They've seen how others (a relatively small number of cryptocurrencies - at most, two dozens - from today's current list of 4680 cryptocurrencies) have managed to come out of obscurity and strike it "rich" as a result of being listed on a number of crypto exchanges (the more exchanges, the better - it seems).
For example, Bitcoin, Ethereum, Bitcoin Cash, Bitcoin SV, Litecoin, Binance Coin, Monero, Neo, Dash, Zcash, etc.
Believe me, I understand the temptation. However, that doesn't really tell the whole story. As you review that list, you will notice that 80% of them are trading for less than one cent (a US penny); about 19% are trading for less than USD $1; less than 1% are trading for barely more than a couple of US dollars; and a very small number are trading for more than USD $10.
No different than a kid growing up in a neighborhood or society whereby he associates "power, success and happiness" with being a "political kingpin, politician, business tycoon, oligarch, celebrity, movie star, pimp, drug kingpin, drug dealer, mafia boss, gang leader, general, president, etc."; people who had to make tough choices (pay the price) in order to get to where they are at now; and that there is nothing that you can say or do in order to convince him that "this is all an illusion" and that "Real power, success and happiness" is something that can only come from within - through patience, perseverance, doing the right thing and living a principled life.
(I used to be that kid and my dad used to be in the unenviable position I am in now.)
That means, since CloudCoin is a digital currency which seeks to become a digital global reserve currency and is NOT a cryptocurrency, it should NOT be listed at all on cryptocurrency exchanges. Otherwise, you risk diluting the CloudCoin digital currency (and future digital global reserve currency) brand.
Think about this for a few seconds: How do you claim in one breath that CloudCoin is NOT a cryptocurrency and yet, in the same breath, you are constantly trying to introduce it to a Circle of People who are primarily interested in cryptocurrencies?
People, Organizations and Institutions Who Are Interested In Cryptocurrencies
It is NO secret that most people, organizations and institutions all over the world view cryptocurrencies as investment securities. Therefore, with the exception of Japan which recognizes Bitcoin as legal tender, the US government and, by extension, just about every single government in the world, specifically views cryptocurrency transactions as being subject to taxes on capital gains when sold by individuals and private interests. And Cryptocurrency Exchanges are basically a crypto version of their stock exchange counterparts.
In fact, the United States government is now setting the stage for doing just that by asking each taxpayer filing their annual tax return if they had engaged in the buying and selling of cryptocurrencies during the year - under penalty of perjury. You are NOT given an option to answer that question. It's either Yes or No. In other words, every single US tax return filer is being set up for a perjury trap which could lead to a laundry list of at least a dozen criminal charges related to obstruction of justice, fraud, terrorist financing, tax evasion, wire fraud, conspiracy to commit wire fraud, and money laundering with potentially lethal consequences.
With that information on hand :: under the old "tried and true" ruse and con game of Currency and Foreign Transactions Reporting Act of 1970 better known as BSA (Bank Secrecy Act), KYC (Know Your Customer), AML (Anti-Money Laundering), FATCA (Foreign Account Tax Compliance Act), PATRIOT (Providing Appropriate Tools Required to Intercept and Obstruct Terrorism) Act, FISA (Foreign Intelligence Surveillance Act), CAATSA (Countering America's Adversaries Through Sanctions Act), and an avalanche of other Acts, the US government can now go directly to every single cryptocurrency exchange in the world and request transaction data on every single US tax filer who has truthfully answered - or lied about - that question.
Moreover, the recent July 12, 2020 article, US Dept of Homeland Security Buys Analytics Software From Coinbase, a Top 10 cryptocurrency exchange, tells you all you need to know in terms of where governments all over the world are headed with respect to cryptocurrencies - the typical Monkey See, Monkey Do phenomena. According to the article, the contracting agency is the United States Secret Service, and Coinbase had even approached and offered to sell its analytics software to the US Drug Enforcement Agency (DEA) and the Internal Revenue Service (IRS). I will say no more and allow your own common sense to prevail.
Indeed, it is clearly the speculative nature of these cryptocurrencies which attracts 99% of cryptocurrency investors (i.e., the potential or ability to realize spectacular profits on the purchase and sale of cryptocurrencies a la Bitcoin or Ethereum, etc.) and NOT what the following Universe of Potential CloudCoin Stakeholders has the need to have or use.
Universe of Potential CloudCoin StakeholdersWhereas the Universe of Potential CloudCoin Stakeholders has the need to have or use one or more of the following:
- A more sound and stable currency for daily transactions. (Reason #1)
- A perfect digital store of value that is equivalent to the currency attributes of gold but without the constraints related to the storage of physical gold. (Reason #2)
- A digital global reserve currency in their currency basket of foreign reserves. (Reason #3)
- A digital global reserve currency as a complement to the fiat global reserve currency in their currency basket of foreign reserves. (Reason #4)
- A digital global reserve currency in their basket of Cash reserves for cash diversification purposes. (Reason #5)
- A digital global reserve currency as a complement to--or substitute for--gold in their current portfolio of liquid assets. (Reason #6)
- A brand new digital currency in remote villages and local communities throughout the Least Developed Countries (LDC) across the globe either as an alternative currency for microtransactions or as a complement to their existing official currency. (Reason #7)
- An alternative to Cash or a digital complement to Cash for microtransactions anywhere in the world. (Reason #8)
- A digital currency with Cash-Like qualities for Liberty, Privacy, and Prosperity for independent thinkers and intellectuals worldwide who share a passion for freedom, privacy and prosperity. (Reason #9)
- A digital global reserve currency with Cash-Like qualities which is quantum-proof and cannot be hacked into, stolen, seized, counterfeited and, if lost, can be retrieved. (Reason #10)
- An alternative digital global reserve currency for SOVEREIGN WEALTH FUNDS, PUBLIC PENSION FUNDS, PRIVATE PENSION FUNDS, GOVERNMENT TREASURY DEPARTMENTS, and CORPORATE TREASURY DEPARTMENTS designed to be used as a Powerful Hedge against INFLATION. (Reason #11)
- An alternative digital global reserve currency for SOVEREIGN WEALTH FUNDS, PUBLIC PENSION FUNDS, PRIVATE PENSION FUNDS, GOVERNMENT TREASURY DEPARTMENTS, and CORPORATE TREASURY DEPARTMENTS designed to be used as a Powerful Hedge against any potential losses from risky and speculative investments in equities; fixed-income portfolios - government bond from developed countries and corporate bond issued by supranational organizations from developed countries, based on currency denomination; alternate investments such as real estate, renewable energy infrastructure, etc.; as well as to diversify their cash reserves. (Reason #12)
A digital global reserve currency which is stable and impervious to currency manipulation by any government, bank, business, organization, institution or the vagaries of the financial markets (e.g., government sanctions, government theft in the form of asset forfeiture or frozen assets, pump-and-dump schemes by whale investors, fraudulent transactions; misinformation and disinformation by nefarious actors through social media, mainstream media and publications); and is able to withstand any global economic fluctuations as well as weather any predictable or unforeseen social, political and force majeure events. (Reason #13)
- The world's only 100% market-based digital currency which gives each retail consumer and vendor or each currency holder 100% control over the digital currency exchange rate instead of some artificial exchange rate on a cryptocurrency exchange which can be manipulated in at least a dozen ways by an unlimited number of nefarious forces. (Reason #14)
The bottom line is this: The Circle of People who are primarily interested in cryptocurrencies do NOT have a strong interest in the primary motivations of the Universe of Potential CloudCoin Stakeholders: the foregoing Reasons #1 - 14
Think About This For A Few Seconds
- Why would you want to list an Arabian Horse (CloudCoin) on a Donkey Registry (Cryptocurrency Exchange)?
- Why would you want to be a keynote speaker at a Donkey Lovers Convention (Cryptocurrency Event) in order to promote, compare and contrast the distinguishing features of Arabian Horses (CloudCoin); their intelligence, good nature, willingness to please, speed, endurance, high spirit and alertness; to that of Donkeys (Cryptocurrencies)?
- Why would you want to display your Spaceship (CloudCoin) in the showroom of a motorized Hang Glider Dealership (Cryptocurrency Exchange)?
I believe my point has been made.
In Conclusion
With respect to CloudCoin, Cryptocurrency Exchanges are the path of least resistance which leads to nowhere. Unless you are willing to chart your own path, you will always wind up being exposed to, and talking to, the wrong crowd.
As the foregoing "food for thought" illustrates, you will always wind up talking to Donkey Lovers about Arabian Horses and Hang Gliders about Spaceships. As well, you will always be fielded or bombarded with, as well as be busy answering, questions about the difference between Arabian Horses and their precious Donkeys; as well as between Spaceships and their motorized Hang Gliders.
Thus the reason why CloudCoin Consortium should remain focused on getting out the message about the attributes of CloudCoin directly to the "Lowest Hanging Fruit" constituency which stands to benefit the most from this revolutionary digital global reserve currency. I know that requires a great deal of discipline, however, it must be done.
Henceforth, for each question which pops up about how CloudCoin differs from "other" cryptocurrencies, instead of trying to "educate" others on the difference, the answer should always be: "We are NOT 'another' cryptocurrency. Trying to compare CloudCoin with cryptocurrencies is like trying to compare apples with oranges. To understand what I mean by that, I invite you to read a very comprehensive paper on that subject listed at virtualorganization.net: Adoption Strategy for CloudCoin As a Digital Global Reserve Currency."
PRECEPT #3. Skip The Hype and Hyperbole
There is no need to engage in a lot of Hype and Hyperbole about CloudCoin for the simple reason that "Intelligent and Serious People" can see, tell and smell "bullshit" when they see it or hear it even though they may refrain from giving you such indication. In fact, bullshit has the tendency to cause the opposite effect of what you intended, namely, to inject doubt about the accuracy of every single bit of information provided to them.
The point being, if you are lying or fudging the truth about one thing, then what else could you be lying or fudging about?
Thus the reason why CloudCoin Consortium should just stick to the following facts:
- The avalanche of benefits offered by CloudCoin which has already been outlined in great detail under PRECEPT #2 within the foregoing Reasons #1 - 14.
- As well, I have already identified in chronological order under PRECEPT #1 the Universe of Potential CloudCoin Stakeholders which stands to greatly benefit from CloudCoin.
- Moreover, Sean Worthington's July 15, 2020 article posted on LinkedIn "The Last Digital Currency is CloudCoin" goes into the underlying technical details of the technology behind CloudCoin.
- And last but not least, the details regarding the patent for the CloudCoin technology on the US Patent and Trademark Office (USPTO) website speak for itself.
Frankly, that is ALL the information that each potential stakeholder needs to have access to in order to make a well-informed and intelligent decision about The Value of CloudCoin to them so they can begin to engage in initial discussions with CloudCoin Consortium on how to proceed.
Determining The Real Value of CloudCoin
In other words, what this means is that, it leaves it up to Each Potential CloudCoin Stakeholder to decide for themselves The Intrinsic Value of CloudCoin to them or their organization. This decision should NOT be made based on some Artificial Value on a Cryptocurrency Exchange which bears absolutely no resemblance to reality; is based primarily on Hype and Hyperbole; and which can be manipulated a thousand ways by any number of nefarious actors.
In fact, the United States government or any other government could even order that CloudCoin be delisted from ALL cryptocurrency exchanges who want to do business in their country.
Just imagine what that would do to the currency exchange rate of CloudCoin OVERNIGHT.
For Example, as part of the process of determining The Intrinsic Value of CloudCoin, since there are NO true digital global reserve currencies with Cash-Like qualities to compare and contrast with CloudCoin, I, as a Potential Stakeholder, could take a look at the most popular or prized cryptocurrencies out there; look at the benefits that they provide; review their underlying technology for data supremacy; take note of their Current Trading Value on these Cryptocurrency Exchanges (e.g., Bitcoin is now trading at USD $11,230.90); do an "intelligent comparison" with the features, benefits and underlying technology for CloudCoin; and then ask myself these simple questions:
Excluding the price for Bitcoin, assuming that all things are equal, which of the two would I rather want to have in my possession, CloudCoin or Bitcoin?
If the answer is CloudCoin, does the current trading value of Bitcoin at $11,230.90 represent The Intrinsic Value of Bitcoin or an Artificial Value?
And if the $11,230.90 represents The Intrinsic Value of one Bitcoin, then would I be more than willing to exchange such amount for one CloudCoin in spite of the fact that CloudCoin is NOT listed on any cryptocurrency exchange (since it is NOT a cryptocurrency)?
I guess my message should now begin to sink in as to "Why CloudCoin Should Not Be Listed On Any Cryptocurrency Exchanges" and why the Consortium should dispense with any sort of Hype and Hyperbole regarding CloudCoin, including its being listed in the future on one or more cryptocurrency exchanges and potential trending values.
Otherwise, you will always be peppered with questions such as: "How much is One CloudCoin? What cryptocurrency exchange(s) is it trading on? Where can I buy it?"
Now, just imagine the look of horror and dismay and disappointment on the face of the Chairman or CEO of a Sovereign Wealth Fund who is 100% sold on the Intrinsic Value of CloudCoin to his government when, all of a sudden, you tell him that "CloudCoin is listed on Cryptocurrency Exchange XYZ and is now trading at $1 each."
At which point, you begin to engage in "damage control" starting with a lot of Hype and Hyperbole about how Bitcoin used to trade for a few pennies; and that now would be a perfect time for the Sovereign Wealth Fund to obtain your CloudCoin because, just like Bitcoin, one day, hopefully sooner than later, CloudCoin will also be trading for the same amount as today's Bitcoin value, if not much higher.
Well, it's obvious that Human Psychology doesn't work that way. No matter what you say or do from that point forward, he will never be able to erase from his mind the image of CloudCoin trading at $1 versus Bitcoin at $11, 230.90.
In Conclusion
The bottom line is this: There is no need to sugarcoat anything about CloudCoin nor is it incumbent upon anyone to forecast what will or may happen in the future. Always speak and behave with confidence and dignity and, most of all, let the facts about CloudCoin today speak for themselves.
PRECEPT #4. Narratives Matter
Vision and Mission always shape narratives. Therefore, upon examination of CloudCoin's stated vision and mission, it is abundantly clear that ALL narratives emanating from CloudCoin Consortium should be geared toward the fulfillment of CloudCoin as the world's premier digital currency with Cash-Like qualities and only digital global reserve currency. In other words, a Real currency like any other official currency unit instead of some highly speculative pump-and-dump cryptocurrency for investors who are looking to cash in on the latest cryptocurrency craze.
No Buying Or Selling of CloudCoins
That means, no talking about buying or selling of CloudCoin on some cryptocurrency exchange as if it were "property," commodity, or some sort of derivative or investment security subject by US Treasury to capital gains taxes on profits from its sale, exchange, or distribution; or subject to SEC (Securities and Exchange Commission) rules and regulations.
It should be treated like any other official currency unit - as a medium of exchange for goods and services and a store of value, regardless as to whether or not it is currently recognized as such, or as legal tender, by any country in the world.
That is what I call "Leading By Example." If you treat it as an official currency unit and legal tender, others will eventually come around to the same conclusion. Whereas if it is treated as "property," commodity or an investment, others will also view it as such - especially the IRS (Internal Revenue Service).
Therefore, the acquisition of a CloudCoin by any Stakeholder from the foregoing Universe of Potential CloudCoin Stakeholders should always be properly, technically, and legally referred to as a Currency Exchange between two (2) respective private entities: A CloudCoin-related entity and the Stakeholder. The Stakeholder merely exchanges his country's official currency unit or USD cash reserve for a CloudCoin. No currency conversion fee is charged by such entity during such exchange. That's all there is to it!
No different than walking into a bank and exchanging US $5,000 for Euros prior to going on a European vacation. No investment transaction has taken place. You have NOT purchased a "property" which future disposition could result in a gain or loss and thus subject to capital gains taxes. Nor are you involved in the purchase or sale of currency futures contracts or the trading of currencies on a Foreign Exchange (FOREX) for investment purposes. Other than a currency conversion fee charged by your local bank for these Euros, there is no gain or loss from this currency exchange.
Examples of Digital Currency Exchange With Stakeholders
Example #1. Sovereign Wealth Funds
Thus, when a Sovereign Wealth Fund or Corporate Treasury seeks to diversify their Cash Reserves or Foreign Reserves, a Currency Exchange for--and NOT a purchase of--CloudCoins will take place between the respective entities.
For example, in light of the current bubble in the Equities market and the Global Pandemic, the world's largest SOVEREIGN WEALTH FUND, The Government Pension Fund Global (of NORWAY) posted a $21 Billion Loss during the first half of 2020 (Reuters Business News, August 18, 2020 article by Gwladys Fouche, Terje Solsvik).
In which case, Norway's Sovereign Wealth Fund could decide to reduce their current exposure to Global Equities from the current maximum of 70% to 60% and redirect the difference toward a Currency Exchange for CloudCoins. As well, it could also reduce its current exposure to Fixed-Income investments from the current maximum of 30% to 20% and redirect the difference toward a Currency Exchange for CloudCoins. Last but not least, in light of the devastating effect of the Global Pandemic on High End Real Estate worldwide, it could also reduce its current exposure to Unlisted Real Estate from the current maximum of 7% to 2% and redirect the difference toward a Currency Exchange for CloudCoins.
As you can see, such transaction merely involves an arm's length exchange of currencies between two respective entities (private parties) and NOT an investment transaction. In which case, such currency exchange is conducted for the foregoing Reason #12 - to wit, to serve as a Powerful Hedge against any potential losses from risky and speculative investments in equities, fixed-income portfolios, and alternative investments.
A CloudCoin Stabilization Fund would guarantee the face value of the original currency exchange subject to meeting certain requirements.
Example #2. Private Pension FundsThus, when a Private Pension Fund seeks to diversify their Cash Reserves or Foreign Reserves, a Currency Exchange for--and NOT a purchase of--CloudCoins will take place between the respective entities.
For example, in light of the dire economic situation around the globe, over the past 5 years, many Central Banks have been charging their customer banks NEGATIVE RATES on CASH deposits. In turn, many of these banks have resorted to charging their Large Corporate Customers and Pension Funds negative rates on cash. The net effect has been to spur these pension funds into seeking safe and risk-free alternatives for their CASH deposits.
Since CloudCoin is the world's only perfect digital currency and digital global reserve currency with Cash-Like qualities, these Pension Funds could decide to diversify their Cash Reserves through a Currency Exchange for CloudCoins. As previously noted, such transaction merely involves an arm's length exchange of currencies between two respective entities (private parties) and NOT an investment transaction. In which case, such currency exchange is conducted for the foregoing Reason #5 - to wit, to have a safe and secure digital global reserve currency with Cash-Like qualities in their basket of Cash reserves for cash diversification purposes.
A CloudCoin Stabilization Fund would guarantee the face value of the original currency exchange subject to meeting certain requirements.
Example #3. Top 100 Emerging Market Enterprises (Corporate Treasury)
Ask any Corporate Treasurer of any Emerging Market or Developed Market Enterprise for the #1 cause of concern which keeps them up at night, the topmost answer will be Currency and Interest Rates Fluctuation.
According to a recent July 2020 Kyriba Currency Impact Report "European and North American companies reported a combined $12.21 billion in quantified negative currency impacts" during the first quarter of 2020. Of that total amount, over $10 billion of FX-related losses were attributed to US-listed companies.
A close second cause of concern is Risk Management as it pertains to their understanding of the dynamics (more like the vagaries) of the financial markets and the need to ensure a prudent allocation of the company's Investment Portfolio.
Back in 2018, over 80% of official currencies suffered a sharp decline in value. Today, there is absolutely no doubt that the world is right in the middle of a global currency crisis, inter alia, the currencies of all emerging market economies. The warning signs have been there since 2018 and the Global Pandemic merely accelerated its manifestation in 2020. Today, not even the US dollar, the world reserve currency, is immune from this crisis since the effects of our unlimited deficit spending will eventually cause others to seek an alternative to the US dollar.
Being a de facto digital global reserve currency, CloudCoin is the ideal repository for the reallocation of any funds from existing Cash Reserves, Fixed-Income Investments, Investment in Equities, and Alternate Investments. To that end, an arm's length exchange of currencies between two respective entities (private parties) would take place and NOT an investment transaction. In which case, such Currency Exchange would satisfy the foregoing Reasons #10, 11, 12 and 13 :: To wit, as a hedge against wild swings in currency fluctuation and currency manipulation.
A CloudCoin Stabilization Fund would guarantee the face value of the original currency exchange subject to meeting certain requirements.
Example #4. Top 100 Emerging Countries (Government Treasury)
Being a de facto digital global reserve currency, CloudCoin is the ideal repository for the reallocation of Cash and other Reserve Assets in a country's Foreign Exchange Reserves. To that end, an arm's length exchange of currencies between two respective entities would take place and NOT an investment transaction. In which case, such Currency Exchange would satisfy the foregoing Reasons #10, 11, 12 and 13 :: To wit, as a hedge against wild swings in currency fluctuation and currency manipulation.
A CloudCoin Stabilization Fund would guarantee the face value of the original currency exchange subject to meeting certain requirements.
Example #5. Forbes Global 2000 Companies (Corporate Treasury)
Being a de facto digital global reserve currency, CloudCoin is the ideal repository for the reallocation of funds from Cash Reserves, Fixed-Income Investments, Investment in Equities, and Alternate Investments. To that end, an arm's length exchange of currencies between two respective entities (private parties) would take place and NOT an investment transaction. In which case, such Currency Exchange would satisfy the foregoing Reasons #10, 11, 12 and 13 :: To wit, as a hedge against wild swings in currency fluctuation and currency manipulation.
A CloudCoin Stabilization Fund would guarantee the face value of the original currency exchange subject to meeting certain requirements.
Example #6. Ultra-High-Net-Worth Individuals (UHNWI)
Being a de facto digital global reserve currency, CloudCoin is the ideal repository for the reallocation of 10-20% of funds from existing Cryptocurrency Investments (or Purchases), Cash Reserves, Fixed-Income Investments, Investment in Equities, and Real Estate Investments. To that end, an arm's length exchange of currencies between two respective entities (private parties) would take place and NOT an investment transaction. In which case, such Currency Exchange would satisfy the foregoing Reasons #2, 3, 4, 5, 6, 9, 10, and 13 :: To wit, as a hedge against all eventualities in the financial markets.
A CloudCoin Stabilization Fund would guarantee the face value of the original currency exchange subject to meeting certain requirements.
Example #7. Family Offices Worldwide
Being a de facto digital global reserve currency, CloudCoin is the ideal repository for the reallocation of 10-20% of funds from existing Cryptocurrency Investments (or Purchases), Cash Reserves, Fixed-Income Investments, Investment in Equities, and Real Estate Investments. To that end, an arm's length exchange of currencies between two respective entities (private parties) would take place and NOT an investment transaction. In which case, such Currency Exchange would satisfy the foregoing Reasons #2, 3, 4, 5, 6, 9, 10, and 13 :: To wit, as a hedge against all eventualities in the financial markets.
A CloudCoin Stabilization Fund would guarantee the face value of the original currency exchange subject to meeting certain requirements.Example #8. Small Online Businesses (English-speaking)
Being a de facto digital global reserve currency, CloudCoin is the ideal medium of exchange for 10-20% of the total sales price of all goods and services offered online to your small business customers or clients (NOT for the total sales price - and there is an excellent reason for that).
That means each item for sale or service offered on your website will have a 2-tier pricing structure: Tier 1 - An All Cash transaction OR Tier 2 - A range of 80-90% of the sales price shown in your official currency unit AND 10-20% of the sales price reflects just the required number of CloudCoins needed to complete the transaction. To that end, an arm's length transaction between a buyer and seller of goods and services using two (2) different currencies would take place and NOT a securities or investment transaction.
This Revolutionary, 100% Decentralized and Highly Competitive Market-Based approach to pricing allows every single merchant to implicitly dictate The Value of a CloudCoin to their own business on a per item basis (instead of some artificial value listed on a "pump and dump" cryptocurrency exchange).
Hopefully, the reason will now begin to sink in as to why I previously stated that CloudCoin should NOT be listed on any cryptocurrency exchange. You, the merchant, have now become Your Very Own CloudCoin Digital Currency Exchange. The positive ramifications and possibilities are just endless.
I know you are dying for an excellent example and detailed explanation. Therefore, as a follow-up to this introduction, please review this very detailed paper: CloudCoin: Exclusive Adoption Strategy for Small Online Businesses
Example #9. Global General Population (With a minimum HDI [Human Development Index] ranking of 0.70 - a total of 112 countries)
It is indeed a very big net which practically covers all demographics - from the lowest income to the highest income bracket. Therefore, this example applies to anyone who is NOT acting in an official capacity.
They are the Pioneers of this new CloudCoin Digital Currency World Economy. Ultimately, each and every single holder of CloudCoin gets to explicitly determine The Value of a CloudCoin strictly to himself on a per transaction basis (instead of some implicit value listed by a merchant or service provider on their website or some artificial value listed on a "pump and dump" cryptocurrency exchange).
Collectively, they will get to determine The Average Value of a CloudCoin per transaction category - and The Ultimate Value of CloudCoin Worldwide.
In other words, They Are the Rising Tide That Lifts All Boats. The success of every member of the foregoing Universe of Potential Stakeholders depends on them. Thus the reason why no effort should be spared in order to get as many CloudCoins as possible into their hands. As well, CloudCoin Consortium must provide them with the initial support they will need in order to turn CloudCoin into a digital global reserve currency.Without them, CloudCoin would be no different than all these "pump and dump" cryptocurrencies and tokens out there in the blockchain space that are susceptible to "major whale activities" on cryptocurrency exchanges and market manipulation by nefarious actors, the financial markets, and governments.
Again, a more compelling reason why I previously stated that CloudCoin should NOT be listed on any cryptocurrency exchange.
The Yin Yang relationship between Small Online Businesses (at Example #8) and the Global General Population will give rise to the very first truly free, transparent and market-based digital currency, economy, and society. (Real Capitalism, the way it was intended to be.)
Introducing the Global General Population to their very first CloudCoin digital currency is deceptively simple and yet so brilliant. Just go to Digital Frontier News to sign up for a Free eBook by Sean Worthington, this should take about 30 seconds or less, and you will receive "5 Free CloudCoins" via email along with instructions on how to proceed. (Yes, it is that easy!)
Be patient because it might take awhile to receive the free CloudCoins. Be sure to check your SPAM or Bulk Mail folder in the event it is not in your Inbox.
For transparency purposes, please note that the 5 Free CloudCoins offer may soon be expiring (within weeks or months), therefore, don't be disappointed if you are reading this article in the near or distant future.
Recipients of free CloudCoins are advised to join the CloudCoin World group on Telegram in order to learn more about CloudCoin. With respect to how they can Exchange their Own Official Currency Unit (fiat money) for more CloudCoins - NOT to Buy CloudCoins - plenty of information is available from fellow group members. As stated earlier, NO ONE should be able to buy CloudCoin from CloudCoin Consortium since it is NOT a commodity, property, cryptocurrency, security, or investment subject to taxes on capital gains upon its sale, exchange or disposition.
In which case, such Currency Exchange would satisfy the foregoing Reasons 1, 2, 5, 6, 8, 9, 10, 13, 14 :: To wit, as a hedge against all eventualities in the financial markets.
A Word of Caution: CloudCoin holders who post CloudCoins For Sale notices and offers on any communication medium (website, social media, email, social network) automatically expose their CloudCoins to treatment by either Treasury, the IRS, or the SEC as a commodity, property, cryptocurrency, security, or investment subject to taxes on capital gains upon its sale, exchange or disposition.
That is the equivalent of sitting under the Sword of Damocles.
I know you are dying for an excellent example and detailed explanation. As a follow-up to this introduction, please stay tuned for a very detailed forthcoming paper: CloudCoin: Exclusive Adoption Strategy for the Global General Population.
Example #10. Local Small Businesses in Remote Villages of Least Developed Countries (See the 2020 list of 47 countries with an HDI [Human Development Index] ranking of 0.00 - 0.589)
In the developed world, when we think of businesses, we have a tendency to think of an air-conditioned office or storefront in a small town, municipality, small-to-large city or major metropolitan area; with running water, electricity, gas for heat or cooking, modern furniture, appliances, computers, unlimited local and long distance telephone service, 24-hour high-speed internet access, receptionist or secretary, imported goods and products, access to professionals, a bureaucracy, regulatory reporting requirements; business bank accounts, credit cards, providers of legal and financial services, etc; websites, email addresses, major currencies starting with the US dollar, Euro, Ruble, Yuan, Swiss Franc, etc.
However, the reality is far from that. With the exception of goods which cannot be produced locally and must be imported (into the village), everything that is needed in order to subsist is basically produced at the local level. CASH is king. In many cases, barter and some form of local IOU (credit system) rules the day. The local entrepreneurs are cattle and goat herders and sellers of chicken, fresh produce and vegetables, clothing, toys, furniture, etc.; wearing sandals and peddling their wares in the local open air market, on sidewalks, or door-to-door.
Notwithstanding, wireless telecommunications providers have managed to penetrate these remote villages to the point where even the goat herder has his own Android cell phone from which he can gain access to the internet and strictly transact in CloudCoins.
This presents an ideal opportunity for CloudCoin to become the de facto official currency unit for all local transactions which do NOT involve imported goods or require payment in the country's official currency unit.
In other words, 80-90% of a remote village's financial transactions could strictly involve the use of CloudCoin. All that is needed is a CloudCoin Consortium-related entity in a nearby city which can effectuate an Exchange of the Official Currency Unit into CloudCoins; which can automatically be deposited in a CloudCoin Wallet or CloudCoin App on that vendor or merchant's Android Cell Phone.
In which case, such Currency Exchange would satisfy the foregoing Reasons 7 and 8 :: To wit, to introduce a brand new digital currency in remote villages and local communities throughout the Least Developed Countries (LDC) across the globe which can function either as an alternative currency for microtransactions or as a complement to their existing official currency unit. As you can see, no property purchase or investment in a security has taken place.
I know you are very anxious for an excellent example and detailed explanation. Therefore, as a follow-up to this introduction, please stay tuned for a very detailed forthcoming paper: CloudCoin: Exclusive Adoption Strategy for Local Small Businesses in Remote Villages of Least Developed Countries.
Example #11. General Population in Remote Villages of Least Developed Countries (See the 2020 list of 47 countries with an HDI [Human Development Index] ranking of 0.00 - 0.589)
Think of this final example as the culmination of a long travel down the CloudCoin road in order to reach the Final Frontier - the establishment of CloudCoin as the undisputed digital global reserve currency.
That means a concerted effort will be made by CloudCoin Consortium in order to ensure that each remote villager is able to gain access to an Android Cell Phone with high-speed internet access.
I know you are desperate for an excellent example and detailed explanation since we are talking about nearly 50% of the global population. Therefore, as a follow-up to this introduction, please stay tuned for a very detailed forthcoming paper: CloudCoin: Exclusive Adoption Strategy for the General Population in Remote Villages of Least Developed Countries.
In Conclusion
Here in the United States, prior to being interrogated, law enforcement is required to advise anyone who has been detained the following right: "Anything you say can and will be used against you in a court of law."
Now, on a percentage basis, can you guess how many people have been convicted in a court of law partly on the basis of "something that they said" after they were advised of that right? The answer is about 99%. For one reason or another, human beings have a really difficult time heeding this advice.
Thus the reason why "Narratives Matter." There is a well-established precedent, accompanied by a set of narratives, for getting on cryptocurrency exchanges: To engage in the purchase, sale and transfer of cryptocurrencies for investment purposes. And NOT for the purpose of buying groceries from your local supermarket or goods and services from vendors and merchants on the internet.
Therefore, the very act of "telling the world and all potential stakeholders how CloudCoin will soon be listed on dozens of (or many) exchanges in order to provide CloudCoin holders with Liquidity" smells like an enticement to purchase "soon to be" Liquid and Speculative "Equities" on "various national exchanges" subject to the vagaries of the financial markets.
What we say matter and what we do matter. Therefore, let us stick to the CloudCoin vision and mission. It's about people (Liberty, Privacy, and Prosperity) and NOT about generating billions of dollars from an ICO.
The minute you pocket those billions, these INVESTORS Will Not Only Own You and Control You but so will every single government in the world (where CloudCoin is listed on an exchange domiciled within their borders). Lawsuits - be they frivolous, malicious, or with cause - will be coming out of the woodworks for the simple reason that people (and governments) know that you have deep pockets, you've got bigger fish to fry, and it's much cheaper for you to settle a lawsuit than to fight it all the way to the end strictly as a matter of principles.
Investors don't like bad publicity; don't give a damn about principles if it's going to affect their pocketbook; and will urge you to settle. Or else, they themselves will get in line and go ahead and sue you too.
Think of those billions of dollars as the aforementioned Sword of Damocles.
PRECEPT #5. Stand On Principled Ground Or Get Buried In Hollow Ground
Generally speaking, when you talk to (or read about) any current or former legendary figures in business, academia, politics, government, the sciences, and the military, they will tell you to "focus on the people or the consumer or the vision and mission" instead of the bitter disappointments or (perceived) lack of progress.
There is a reason for that: That's because it is "so easy to be persuaded to either give up or choose the path of least resistance" when you are at wits' end.
Think of "The Path of Least Resistance" as a vulture soaring over you at a height of over 30,000 feet waiting for you to emit a distress signal. At which point, it swoops down and lands right in front of you in order to offer you some immediate relief.
However, that being said, this "immediate relief" always comes with a hidden price tag that most organizations or people will NOT want to willingly pay down the road. That price is "loss of focus on the people or the consumer or the vision and mission" and a new focus on serving your rescuers and saviors.
And once you start going down that road, The Path of Least Resistance will morph into The Path of No Return.
The Power of a Significant Break
Moreover, what these luminaries will tell you in more ways than one is that, "nothing happens until you make a breakthrough or sale." What they really mean to say is that, "nothing happens until you get a significant break."
Therefore, the very first question that you need to ask yourself before you embark on any quest or venture is, "In terms of this specific endeavor, what would constitute a significant break that would allow me to gain a certain amount of momentum and get things off the ground?"
Steve Jobs was able to answer that question for Apple back in 1976: Landing a significant order for Apple computer kits from a computer store.
For Apple, that significant break came in the form of an order for 50 Apple I computers from Paul Jay Terrell, the owner of Byte Shop, which came with only 2 simple conditions: 1) A working computer (instead of a computer kit) and 2) Cash On Delivery (COD). That break led to Apple being able to purchase on credit the materials and electronic components needed to build the first 50 Apple I computers. Upon receipt of payment for that first batch of Apple I computers, this gave them the momentum needed to get things off the ground.
A Significant Break Allows You to Focus On Your Vision and Mission
As the old saying goes, no man is an island. That means no matter how much you believe in your cause, in what you are doing, and your willingness to persevere for as long as it takes, regardless of the odds; there comes a time when even your most devout and loyal supporters will want to see some sort of a sign that they are on the right path and that their sacrifice is well worth it and will someday pay off.
In other words, they need some sort of "Validation" that they are on the right path.
Without that validation, they will begin to second-guess your every move and will tactfully try to steer you in "various directions" (i.e., toward a course of pragmatism) until such time that "you get a significant break." The equivalent of "If you throw enough shit against a wall, some of it will stick."
The problem with this approach is that you will NOT be able to focus on your vision and mission. It will cause you to deviate from your original vision and mission. You will lose complete sight of the big picture and go into "survival mode." You will always be trying to fit a square peg (anything that offers some hope) into a round hole (vision and mission).
The point being, NOT all "significant breaks" are equal. A significant break which does NOT align with your vision and mission is like a powerful drug that will eventually wear off and cause you to go into withdrawal.
Thus the reason why it is critical for you to know in advance "which significant break will allow you to remain focused on your vision and mission." In which case, you will marshal all available assets and forces at your disposal in order to make sure that you get this significant break.
For example, you have to be able to ask yourself this question:
Which of the following represents a "significant break" for our organization?
- The "tried and true ICO-cryptocurrency route to success"
- Going to Crypto conventions, and getting social media exposure
- Go the Venture Capital route
- ??????? et cetera
What Would Constitute That Significant Break for CloudCoin?
With respect to what would constitute a significant break for CloudCoin, the answer is: A Currency Exchange with Sovereign Wealth Funds (particularly those whose currencies are most vulnerable to either debasement, a concerted and outright attack, or currency manipulation from nefarious sources).
Turkey is currently flailing in the wind trying to ward off such attacks on its currency and its citizens are experiencing turbulent times as they seek refuge into cryptocurrencies, gold, foreign currencies, and all other avenues in order to survive the current onslaught on their economy. This is NOT just a new phenomena. This is an ongoing economic crisis which began in 2018 and there is no end in sight.
In fact, there isn't a country in the world which is not afraid of seeing their official currency unit reduced to toilet paper. Ask Venezuela, Zimbabwe, and many other nations who refuse(d) to toe the line.
But Why Sovereign Wealth Funds?
Think of a Sovereign Wealth Fund as the last refuge for a country under any sort of stress and duress. They are the Venture Capital arm of government. Unlike their typical, stodgy, inefficient, pencil-pushing, automaton, mindless spending bureaucrat counterparts in government, they have a mandate To Think, Explore, Evaluate, Look at the Possibilities and Make Game-Changer Decisions that could greatly benefit or alter the course of their nation within days instead of years.
A Currency Exchange for CloudCoin clearly falls within such Game-Changer Decisions category.
Contrary to conventional wisdom, they are NOT as conservative as one might think because, inter alia, quite a number of them have already invested in Cryptocurrencies and Bitcoin futures contracts. Many of them, if not all of them, have portfolios which consist of very speculative and high-risk equities, fixed-income, real estate and other alternate investments.
As previously mentioned, Norway's Sovereign Wealth Fund, the world's largest, incurred a whopping loss of (USD) $21 billion in just the first half of 2020 - most of it related to Equity investments. As to what the future holds for investments in the Equity market, unless you have a crystal ball, nobody knows.
As of this minute and second, there is a school of thought which believes that we are currently at the peak of a stock market bubble and that it's time for investors in the Equity Market to cash in and wait out the storm.
Thus an excellent, intelligent and very prudent reason why a CloudCoin Currency Exchange is the safest place to reallocate a good percentage of equity investments until the storms die down.
Moreover, Japan has already granted legal tender status to Bitcoin. Russia just passed a law which legalized cryptocurrencies although they haven't been given legal tender status. (A smart move on the part of Russia's government that is strictly designed to generate tax revenues and criminalize the failure to report cryptocurrency holdings.) Central Banks all over the world, including the (US) Federal Reserve and People's Bank of China, are in various phases of launching their own Central Bank Digital Currency (CBDC).
Moreover, many countries are exploring the possibility of a digital global reserve currency that would one day replace the US dollar (although CloudCoin prefers to peacefully co-exist with the US dollar) - China being one of them. The World Economic Forum article on 30 April, 2018 by Andrew Sheng and Xiao Geng "A Digital Currency should be adopted as the world's leading reserve currency" is a real shot across the bow of the US dollar.
There is, however, THE most important reason why a Currency Exchange with Sovereign Wealth Funds constitutes a "significant break" for CloudCoin; it is sensitive information that I am not now at liberty to divulge. The reason is so simple that no ordinary mortal can come up with the answer.
I will give you a clue: In the short term, it is NOT in CloudCoin's best interests.
However, that being said, rest assured I will not leave you in suspended animation for too long. As a follow-up to this introduction, please stay tuned for a very detailed forthcoming paper: CloudCoin Digital Currency: Why A Currency Exchange With Sovereign Wealth Funds Is A Significant Break For BothAnd last but not least, contacting the decision-makers at these sovereign wealth funds is a very simple process that I am willing to share with my colleagues.
The Need for a CloudCoin Ethical Board
CloudCoin's revolutionary features and benefits are a Double-Edged Sword. It lives up to its motto: Liberty, Privacy, and Prosperity.
On the same token, these very features and benefits could be used by nefarious forces around the globe (i.e., Governments, Law Enforcement, Intelligence Agencies, Gangsters, Murderers, Thieves, and All Other Sorts of Unscrupulous Entities and Individuals) in order to malign the image of CloudCoin and portray it in a completely different light.
Therefore, I recommend the formation of a CloudCoin Ethical Board whose sole function is to devise and adopt "ethical standards" for the consideration of each of the following stakeholders listed on the aforementioned Universe of Potential CloudCoin Stakeholders; and to formally deliberate on the wisdom of conducting a Currency Exchange with such stakeholder on a case-by-case basis:
- Sovereign Wealth Funds
- Private Pension Funds
- Top 100 Emerging Countries (Government Treasury)
- Ultra-High-Net-Worth Individuals (UHNWI)
- Family Offices Worldwide
Why Sovereign Wealth Funds?
That's because CloudCoin Consortium has a moral and fiduciary obligation to ensure that it does NOT become a willing or unwilling or willfully ignorant participant in any sort of scheme to defraud the Sovereign Wealth Fund by one or more corrupt internal staff members; and thus cause irreparable harm to its people.
Why Private Pension Funds?
In addition to the reasons outlined for Sovereign Wealth Funds, CloudCoin Consortium cannot afford to turn a blind eye to the fact that "people's lives and livelihood" are at stake and that it must go above and beyond the call of duty in order to ensure that it employs the sort of "due diligence" which makes it impossible for any single nefarious actor (i.e., Governments, Law Enforcement, Intelligence Agencies, Gangsters, Murderers, Thieves, and All Other Sorts of Unscrupulous Entities and Individuals) to abscond with the assets of private pension fund beneficiaries.
Why Top 100 Emerging Countries (Government Treasury)?
In addition to the reasons outlined for Private Pension Funds, we all know it is common knowledge that government officials in many Emerging and Least Developed Countries treat their "government treasury" as their own private and personal piggy bank.
We are also very familiar with the reputation of Switzerland as the safe haven for anyone who wanted to maintain their privacy and remain anonymous. As well, it is known as a safe haven for those who sought to hide ill-gotten gains. Of course, 100% anonymity is no longer the case for Swiss bank account holders, notwithstanding, it is critical that procedures are put in place in order to ensure that CloudCoin does not become a repository for corrupt government officials who seek to hide their ill-gotten gains.
Why Ultra-High-Net-Worth Individuals (UHNWI)?Let's face it, it's nearly impossible to be an Ultra-High-Net-Worth Individual and NOT be under the radar of just about every government in the world (since they all share the same data with each other). Therefore, instead of anonymity, their primary concern is the security that CloudCoin offers (i.e., no one can access or seize their CloudCoins without their permission).
From CloudCoin Consortium's standpoint, its policy should be "No Dealing With Third Parties" for the simple reason that anyone could falsely claim to be acting on behalf of another party, initiate a Currency Exchange and, 5 years later, return to CloudCoin Consortium to request a Currency Exchange for the original fiat currency.
I know you are wondering how that is possible. Well, that's because:
A CloudCoin Stabilization Fund would guarantee the face value of the original currency exchange transaction subject to meeting certain requirements.
Therefore, CloudCoin Consortium would exercise due diligence in order to ensure that it only deals directly with principals instead of third parties. A very simple and fool-proof process.
Why Family Offices Worldwide?
It's for nearly the same reasons outlined for Ultra-High-Net-Worth Individuals (UHNWI). However, in this case, the custodian info for the CloudCoins would be released only to the beneficiaries instead of the Chief Investment Officer or CFO. Otherwise, that would compromise all the attributes and benefits of having CloudCoins.
In Conclusion
The bottom line is this: This is a rough and nasty world that we live in, and the more successful CloudCoin becomes, the more tempting of a target it will become to those who are full of mischief and thrive on nothing but Chaos, Misery, Death and Destruction.
Therefore, CloudCoin Consortium must make sure that it maintains at all times the highest ethical standards and insist the same from those who seek to avail themselves of what CloudCoin offers. Otherwise, CloudCoin Consortium will be the subject of all sorts of government stings, cloak-and-dagger and human compromise operations, as well as various other attempts designed to keep the Consortium embroiled in a whirlwind of controversies whose ultimate aim will be to keep CloudCoin from ever being able to achieve its full potential.
The choice is very clear: Stand On Principled Ground Or Get Buried In Hollow Ground
Personal Disclaimer
The views and recommendations expressed in this paper are strictly my own personal views and analyses and do NOT reflect any personal or official views or pronouncements of the leadership of CloudCoin Consortium or any other affiliated or related entity. As well, I am NOT an official of CloudCoin Consortium or any other affiliated or related entity.
I am, however, a very strong supporter and sponsor of the work done by CloudCoin Consortium programmers and developers on Github through a monthly donation of USD $100 which gives me bragging rights as a Founder Sponsor. That is all! (Such sponsorship will automatically end upon the listing of CloudCoin on any cryptocurrency exchange.)
When the history books are written and CloudCoin aficionados start roaming through the Internet Archives, they will see my name as a former CloudCoin Founder sponsor. However, make no mistake about it, I am NOT under any sort of illusion that I am one of the (Real) Founders of CloudCoin. Nor do I care to be since I am already involved in much more significant, time-consuming global initiatives which dwarf the CloudCoin initiative.
That honor belongs to Sean Worthington and all the hardworking supporters and programmers and developers who have been toiling for long hours and for many years trying to bring CloudCoin to the world - and if I might add, doing an excellent job at it.
That means, YOU TOO can get some bragging rights as a CloudCoin Founder Sponsor now and when the history books are written. As well, for those of you who have a more modest budget, there are other CloudCoin Consortium Sponsor levels:- $5 a month - Member
- $10 a month - Sustaining Member
- $20 a month - Insider (You get to meet with Sean Worthington during online announcements)
- $30 a month - Elite Insider (You get to Chat with Beta Testers, Marketing Group, Software Group, etc.)
- $50 a month - Executive Director (You get to participate in Skype calls and discussions)
Where Do We Go From Here?
- First and foremost, if at all possible, become a Sponsor of CloudCoin Consortium on GitHub. CloudCoin Consortium programmers and developers need your support.
- From the foregoing Universe of Potential CloudCoin Stakeholders, if your organization falls within any of the following categories, and you would like my personal assistance to arrange a personal introduction to Sean Worthington, then CLICK here to submit your request and I'll pass along your information to Sean so he can follow up with you directly:
1) Sovereign Wealth Funds :: 2) Private Pension Funds :: 3) Top 100 Emerging Market Enterprises (Corporate Treasury) :: 4) Top 100 Emerging Countries (Government Treasury) :: 5) Forbes Global 2000 Companies (Corporate Treasury) :: 6) Ultra-High-Net-Worth Individuals (UHNWI) :: 7) Family Offices Worldwide
- If your organization falls within the category of Small Online Businesses (English-speaking), then become a Sponsor of CloudCoin Consortium. You won't regret it!
- If you fall within the category of Global General Population (With a minimum HDI [Human Development Index] ranking of 0.70 - a total of 112 countries), go to Digital Frontier News to sign up for a Free eBook by Sean Worthington, this should take about 30 seconds or less, and you will receive "5 Free CloudCoins" via email along with instructions on how to proceed. (Yes, it is that easy!)
Then go to the CloudCoin website and click on the "Download Wallet" button.
As well, join the CloudCoin World group on Telegram in order to learn more about CloudCoin.
- If you fall within the category of Local Small Businesses in Remote Villages of Least Developed Countries (See the 2020 list of 47 countries with an HDI [Human Development Index] ranking of 0.00 - 0.589), then join CloudCoin on Twitter.
- If you fall within the category of General Population in Remote Villages of Least Developed Countries (See the 2020 list of 47 countries with an HDI [Human Development Index] ranking of 0.00 - 0.589), then go to the CloudCoin website and click on the "Download Wallet" button.
That's because, at the end of the day, after all has been said and done, "peoplecan only do what they can, and can only give you what they have."