mercoledì 24 aprile 2019

Equacoin & Equazone Q&A

Equacoin & Equazone Questions and Answers
Release 0.1 - 2019-04-24

This is an "ongoing" list of questions and answers.
It is assumed that the reader has already read the Manifesto of the project and now wants to dispel almost any doubt. The answers are relative to the editing date, make sure you always read the last available document.

Q. How do I spend the scriptural coins I received with the Universal Income program?

A. The EquaCoin wallet, which can be downloaded in your browser at is a tool designed to manage transactions between users in a secure and anonymous way. Whenever you want to pay for a good or service, the seller gives his address to the buyer who transfers money from his wallet to the seller. The combination of these transactions and the availability to use this currency creates an economic space that we call EquaZone.

Q. Where do I find a list of sellers willing to accept at least part of the consideration in scriptural currencies?

A. EquaZone has at least one e-commerce platform where anyone can sell their products or services for free, including their own free time or job search. To register, just go to the website go to the registration menu and choose "become a vendor". The eCommerce platform is in English, for now, but you can create listings in any language or from any country.

Q. I want to open a virtual store on the eCommerce platform but I don't know how to do it.

A. Among the current advertisers, look for those who offer help services when opening virtual stores.

Q. Why is the only unit of account on the eCommerce platform the euro?

A. The eCommerce platform is built on the assumption of the sale of goods and services in the economic space of the Euro. Each seller will indicate, in the description field, the percentage of scriptural money he intends to accept, or that he intends to take away from the bankers' space and allocate it to the space of popular issue scriptural coins.

Q. Are these scriptural currencies like discount vouchers?

A. Absolutely NO. These are coins that can be spent with the wallet and in which users transfer part of their work and the amounts of their assets into the form of monetary value.

Q. Is the part of the transaction that is paid in Eur scriptural part of the total?

A. Yes, it is not a discount, it contributes to the formation of the total and VAT and any other tax component must be calculated on it. They are like foreign coins.

Q. Do the scriptural currencies contribute to national GDP?

A. There are coins in an economic space that participates in the growth of the State in which the subjects of the transaction reside.

Q. Where does the value of scriptural coins come from?

A. From the part of work and goods that users are willing to exchange using them. On their honor, anyone who receives an income of inclusion is willing to accept at least the same amount of money received in exchange for their work or assets.

Q. Can I pay my employees, even in part, in bank money?

R. Yes if they accept. It is a currency of free acceptance.

Q. An employee of mine, who is also included in the income of inclusion, refuses to accept even a small part of a payment of his salary in bank money.

A. It could be excluded from the inclusion income program. Inclusion income makes it possible to spread the costs of people unable to otherwise have an income without the intermediation of the State. If a citizen of EquaZone is not willing to share these principles, he has no reason to join the universal income program.

Q. Can I transfer the scriptural euros to a bank account or a debit card? 

A. Absolutely NO. The EquaZone is a completely distinct and impermeable space from that created by the banking platforms were also of the central bank of reference. When a transfer is made between the platforms, a transfer of value is created from one to the other. While it is regrettable that this happens from EquaZone to other platforms, it is illegal to do the other way around.

Q. Where do the scriptural coins distributed to the citizens come from? 

A. They are created from nothing and assigned to each natural person who requests it.

Q. Why do you distribute scriptural coins and not bank coins?

A. Bank currencies are created from nothing when a bank agrees to do so at the request of a client. It therefore depends on the will of the bank which is a private entity and has the freedom to do so (it is called the Magisterium of credit). Not only that, when it is created out of nothing, money is not properly accounted for and is lent in exchange for interest.

 At the time of creation, moreover, the money required to pay the interest is not created, inducing a perennial deficit whereby the debtor will be forced to steal money from circulation continuously to pay interest. This contributes (along with other intrinsic dysfunctions) to creating a vicious circle that contributes to the depletion of the resources of the population to the advantage of the castes that control the banks. Furthermore, with the current regulations introduced by international standards, it is now almost impossible for non-wealthy citizens to access loans. The same applies to micro and small businesses. The EquaCoin project aims to educate the population on the basic concepts of the popular issuing currency.

Q. But who issues this money and how much does it issue?

A. The coin is issued from nothing using the WAWES-NG blockchain, which keeps track of every transaction and all balances, in the quantity required by the citizens who subscribe to the universal income program. An econometric model that is nearing completion will provide the indications that will be submitted for the approval of the users of the equation through a platform for discussion and vote of imminent realization.

Q. Which coins can be used with the EquaCoin wallet?

A. In addition to the EquaCoins themselves, listed on the DEX, the wallet can operate with CHF Scriptural, USD Scriptural, Eur Scriptural and Shekel Scriptural. Specific coins are also available for closed groups of users who have requested them.

The euro cash on blockchain does not create public debt, does not aggravate bank liabilities and does not contain any gluten.

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