Press: Cryptocurrency and Journalism

  1. Economic Levels: When conducting Journalism or writing Editorial Content, having clarity on the fundamental difference between the economic levels of Digital Currency, Banking, and Finance is fundamental to a successful analysis and outcome.

    1. Units of Value: Digital Currency is simply a unit of measure of value for stored economic claims. It is no different from the US Dollar, the Japanese Yen, the Euro, or other currency units; it resides at the most basic level. It is below the higher level Banking and Finance. The unit of value is outside and not directly related to how various parties chose to use it.

    2. Ledger Quantity Tracking: Banking is the relationship between various independent economic participants, a construct of stored economic claim counting ledgers for quantity measurement, and a input-output system for counting value units; this is the primary and day-to-day activity layer.

    3. Strategic Layer: Finance is the use of Banking and other contractual relationships to assign strategies, mechanisms, and obligations of various banking ledger input-output relationships; this is the strategic layer. When denominated or measured in XiXcoin® currency, the Banking account is in Digital Currency units and the Finance relationship is outside standard Fiat Currency processes such as Inflating, Debasement, and Manipulation.

  2. Balanced Needs: Journalism analysis allows the balancing of needs and interests for society and individual economic participants.

    1. Solving Security Risks: There has been insufficient security and design in the many previous types of Currency and Cryptocurrency; thereby theft, fraud, and illicit outcomes remain increased.

      1. Detrimental Value Transfer: Insufficient security is extremely detrimental to society as it transfers value from economically productive parties seeking true economic value to parties seeking to extract free or non-value added gains.

      2. Seek Efficiency: It remains in both the society's and the individual's interest to seek value-added economic conditions, this allows more efficient resources for other uses.  This systemically increases the standard of living for all societal participants.

 

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