Thesis: The Emergence of the Human Standard Token Contract as a Global Reserve Currency Standard and the Strategic Positioning of iEthereum for Apple
Introduction
Throughout history, civilizations have cycled through various forms of currency standards, typically, but not limited too, alternating between forms of hard money like gold, silver, and fiat paper currencies. This recurring pattern underscores the importance of a recognized standard in facilitating trade and economic stability. The Human Standard Token contract, a digital standard rooted in blockchain technology, represents a potential evolution in this historical trajectory. In this paper, I will theorize that the Human Standard Token contract could become the next global reserve currency standard for nations, states, and private fintech companies. Additionally, I will explore how iEthereum, built on this contract, could strategically position companies like Apple in the global and interstellar digital economy.
Historical Context of Currency Standards (short version)
The Gold Standard
The Gold Standard, where currency value was directly tied to a specific amount of gold, provided a tangible basis for economic stability. Gold's intrinsic worth, scarcity, and physical properties made it a trusted medium of exchange, unit of account, and store of value. Nations holding gold reserves could assure the populace of the currency's value, facilitating international trade and investment.
The Paper Fiat Standard
With the transition to fiat currencies, governments decoupled money from tangible assets, instead backing it by their credit and economic strength. This shift allowed for more flexible monetary policies but also introduced the potential for inflation and currency devaluation. Trust in fiat money hinges on the issuing authority's stability and economic health, making it susceptible to geopolitical and economic fluctuations.
The Oil Standard
The concept of an oil standard, while not formalized like the gold standard, ties currency value to oil reserves or prices. Given oil's critical role in the global economy, this linkage can provide stability but also introduces volatility due to fluctuating oil prices and geopolitical tensions affecting oil supply.