Because world public debt money values unsustainable production humans cannot survive. Ecological destruction, climate change, inflation, hunger and war are the consequences of a monetary system that exploits both humans and nature alike. The GRB cryptocurrency Eco values our natural resources, settles public debt, funds ecological restoration, health care, GRB network and earns everyone a basic income.

The GRB Eco (E) Algorithm
People value natural resources at E5 quadrillion (q) with the buying power of the 1/1/2020 US$. The GRB settles the public debt with Ecos in exchange for public assets. The GRB gives everyone E50 per day for 20 years, and invests E200t in the GRB network and E2q in eco-restoration, conservation, transportation, disarmament, education, technology, health care, science and clean energy. The GRB gains income from an ecosystem impact fee on accounts and exchanges Ecos with the GRB Eco reserve to maintain ecological equilibrium. People’s average ecosystem impact sets the people’s account fees and the impacts of transparent commercial accounts set their fees. Two percent of GRB Eco income maintains the GRBnet and E50 per day supports everyone for life. People’s input to the GRB algorithm adjusts the value of natural resources and network percentage. GRB Ecos are pre-mined and accounts are accessed with biometric ID. The GRB is a decentralized autonomous network of all the people on Earth who rule the GRB Eco algorithm by majority. Guardians have proxy rights. After one year inactive accounts revert to the GRB Eco reserve.

Application
People network GRB. GRB converts US$ assets to Ecos, settles public debt and begins. Property values are converted to Ecos and smart contracts trade possession.

The product of nature is the basis of an abundant and peaceful economy.

Eco Economist Joanne Hissey and Programmer John.Pozzi@grb.net

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