The Basic Living Standard and Basic Living Standard Wage creates the basic principle or governance requirement for how a complete Local Market Exchange, True Economy and System of Governance will work.
Everything quite literally anchors to or hinges upon The Basic Living Standard, which is a universal benchmark, which in terms of the Basic Living Standard Wage, provides the basic exchange rate between all local or decentralized currencies, or any umbrella, centralised or connective currency that then can link them all.
A currency that works on a fair and balanced basis must correspond to its own system of governance.
The fairest, most balanced and most democratic form of governance is where power it attributed and responds in its most local form.
As such – despite the commonalities between different currencies, the power to govern local currencies must remain local – not for the purchase of essentials – but so that non-essential goods, can always be exchanged at rates which correspond to the idiosyncrasies of production in their very localised form.
Beyond the practicalities of the requirements of the Local Market Exchange system, it is also ethically correct to keep the balance of power that accompanies use of digital currencies and finance in their most dispersed, local and transparent form, so that they cannot be used as a leverage tool within an oversized governance system that relies upon coercive control.
Local Decentralised Finance (DeFi) in the form of Local Cryptocurrencies that are linked only by the Basic Living Standard, assure our personal freedom from tyranny in any kind of form, in the most basic sense.
That process or supply chain must always be as simple as its possible for it to be. It is through the accumulation of additional stops or steps in a supply chain that don’t add value, but add additional and unnecessary costs, where so many problems begin.
The roles that we have will be redefined and reconsidered as the evolution of our new system takes hold. In fact, some of the jobs that have been highly regarded for all the wrong reasons during this dark age that is now ending, will simply no longer be ‘needed’ and will no longer have any reason to exist.
DIY Politics UK 