iEthereum Human Standard verse the Gold Standard

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.

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.

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 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.

The Human Standard is a futuristic concept that diverges from traditional asset-backed standards. It links a currency's value to the well-being, productivity, and innovation of its populace. This could encompass factors like human labor input, technological advancements, and overall economic health. This is encapsulated in the written code itself, which represents the advancement of human labor input and technological innovation to date. Trust in such a currency would derive from the transparency and reliability of the underlying digital infrastructure, often implemented via a blockchain or distributed ledger technology.

The Human Standard Token contract is an implementation of the ERC-20 standard on the Ethereum blockchain. It provides a framework for creating fungible tokens with predefined rules and behaviors, ensuring uniformity and interoperability across the Ethereum ecosystem. By adhering to this standard, tokens built on this contract gain the trust of users who rely on its security, immutability and predictability. The code itself is representative of human technological innovation and the skillset to write the code, making it the core of the currency's standard value. Meaning it took thousands of years to get to this point in human history to create an advanced civilization of technology and innovation (unquantifiable amount of labor hours) that now allows us to transfer value through this infrastructure in combination with modern workforce skillsets to write a desired code for a trusted currency or commodity. This encapsulates, not a gold, oil, fiat standard but a human standard.

iEthereum exemplifies the potential of cryptocurrencies built on the Human Standard Token contract. This digital currency leverages the ERC-20 standard to ensure transparency, security, immutability and interoperability. Its success demonstrates how a common standard can foster trust and adoption in the decentralized digital economy. Companies like Apple could adopt iEthereum to integrate blockchain technology into their financial ecosystems, offering secure, transparent transactions and fostering innovation.

A common standard like the Human Standard Token contract ensures that all parties involved in transactions operate within a trusted framework. This is ensured through immutability and transparency of the code itself. This familiarity fosters confidence, essential for the widespread adoption of digital currencies. Trust in the codebase translates to trust in the currency, underpinning its stability.

Standardization promotes interoperability across different cryptocurrencies and blockchain networks, reducing friction in cross-border transactions and facilitating global trade. By adopting a standardized protocol, different national and private digital currencies can interact seamlessly, enhancing economic cooperation and efficiency.

While a common standard fosters interoperability, it does not infringe on national sovereignty. Countries can customize their digital currencies to reflect their economic policies and values while adhering to the underlying standard. This balance between standardization and customization preserves national autonomy while promoting global and interstellar economic integration.