The Socially Automated Network Economy Begins Locally
* The Startup of the SANE Economy could begin with one Local Bank.
* The Bank could be set up in a small town or province to serve locally.
* The local products could include local food like a Farmer’s market.
* It would create and use SHAROs as the only Monetary Standard.
* The value of a SHARO could be initially set equal to One Dollar.
* The Bank could use a Server and set up websites for local clients.
* The Bank would do transactions with locals through client websites.
The Local Bank redesigned for ShareFlow and SHARO Electronic Currency would be set up to eliminate the possibility of acquiring any funds that are not legitimate, because all Wage transactions would be adequately secured and strictly limited as allocations to local workers only and be Non-Transferable to any other individual.
SHAROs would be pre-approved for allocations from a master Bank Account within the Local ShareFlow Bank to each local employee’s personal Savings Account (also within the Bank) for ongoing monthly wage payments.
Wages would be pre-arranged and set up for dispensations to all eligible employees (much like ordinary Social Security payments being automatically paid to seniors), but in this case: paid to all employed clients of any age having their accounts with the Bank.
Thus employees would be paid locally according to their approved employee status as workers for any company within the local district.
There would never be any deficit or overspending because ShareFlow would disallow any anyone to overspend their accounts, while assuring that all clients are paid adequately to their savings accounts on a monthly basis.
As a result, there would always be the correct amount of funding going to whoever needs and deserves it resulting from their employment status, and be totally independent of profits from any individual, business, corporation or government.
There would be no taxation of any type at any time since there would always be an endless supply of new currency created and allocated by the ShareFlow Bank for all clients residing in the Local Bank District.
With ShareFlow, credit would never be extended or needed since the system would automatically prevent anyone from going into debt.
Every worker (employee) would be compensated adequately for all goods and services produced, distributed or otherwise be made available for all (consumers) within the local district no matter what their station in life may be.
Instead of credit cards or checkbooks, the Local Bank would automate transactions using SHARO Electronic Currency (ECUs) and archive them within the Bank in another account, a special (Currency Archive of local Purchasing Account after these specific SHARO units are used only once for a purchase of goods or a services transaction.
Every local citizen would own a personal Account Monitor (like a smart phone)dedicated to financial transactions only, and a ShareFlow Savings Account Debit Card replacing cash, credit cards and check books, etc. for transferring an appropriate number of SHAROs from their personal savings account with the Local Bank to a Personal Purchases Account (also within the Local Bank) in a transaction manner much the same as an ordinary debit card is used today.
But local worker (employees) are also customers for their own personal needs, so…
In ShareFlow operations, each customer’s SHAROs are deducted from their personal savings account in the Local Bank to their corresponding personal Purchases Account (also within the Local Bank) that deactivates that amount of SHAROs taken from the customer’s Savings Account.
These will be archived into the Local Bank’s Archive Account adding up all SHAROs from purchase transactions from all clients within the local district for the purpose of verifying how well the business operations are doing within the district.
Archived SHAROs are thus taking out of the local district economic flow for placement into what could be called the Local Bank ShareFlow Archive Account for later use in research and development of economic activity that would be monitored continuously by this prototype ShareFlow System.
Any business doing any transaction as a purchase of a product or a service by a customer has only one responsibility in sales (no matter what the products or service may be).
That responsibility would be to make sure that each customer transfers an appropriate number of SHAROs from their Local Bank Savings account to the Local Bank ShareFlow Archive Account for the sale, and that each transfer occurs timely and securely.
Since businesses would no longer need to keep track of profits for their operation, each business could thrive independently of profits as long as each employee of the business is a responsible worker and is automatically paid in wages by the Local Bank in separate transactions.
The main purpose of this first prototype Local Bank using SHAROs instead of regular money would be to prove the logic and capabilities for a much greater expansion into a national or even global SANE Network Economy that would use expanded backup capabilities and even greater foolproof and redundant code transactions to disallow any possibility of hacking of any account.
Every transaction would be recorded with the code numbers of both the buyer and seller and would be redundantly available within all local banks within a Universal Network that could exist nationally or globally (once the prototype Local Bank proves itself reliably workable) to redundantly track any error or attempted hack of the system.
The whole concept of the SANE Economy would be based upon the simple supposition that whoever deserves a specific amount of currency for being a reliable employee will receive it, and whoever does not deserve any specific allocation of currency will not get it until they are pre-approved and demonstrate they can earn it legitimately.
Within ShareFlow, The Universal Electronic Currency Units called SHARO are strictly Non-Transferable, thus disallowing any funds through investments, interest, leverage or other non-productive means.
Since ShareFlow would be owned, controlled and managed by virtual Shareholders (the people who hold the actual Savings Accounts within the ShareFlow Banking System), the entire Operations of ShareFlow and the SANE Economy would always be strictly and totally Transparent to any citizen who wishes to monitor security and fairness of operations at any and all times.