THE SILVER DOLLAR CLUB: This monetary system provides a SOUND MONEY ALTERNATIVE that can be used as a store of value for savings and investment +!

ABSTRACT

The Silver Dollar Club monetary system provides a sound money alternative that can be used as a store of value for savings and investment, a stable unit of account for economic calculations and a medium of exchange to pay for goods and services. The system provides a solution to the shortcomings of the current fiat regimes, including the continual loss of purchasing power and the inability to perform economic calculations due to instabilities inherent in these currencies.

The goal of the Silver Dollar Club system is to circulate and remonetize silver through savings, investment and payments using silver dollars.

Features include:

American Eagle silver dollar as the unit of account;

ACH transfer of local currencies to and from the silver dollar system;

Savings and investments 100% backed by American Eagle silver dollars and other silver-backed instruments;

Secure, audited world-wide storage of silver dollars;

Low-latency, private distributed ledger used for domestic and cross-border transactions;

Free membership and fee-free payments between members using silver dollars.

Introduction

This paper describes how the Silver Dollar Club monetary system operates and the reasons why it is needed.

The underlying architecture is based on a secure, private, low-latency distributed ledger. It leverages many of the security and privacy aspects of cryptocurrencies. However, it uses a more cooperative, energy efficient algorithm that allows transactions to complete in seconds, not minutes.

The silver dollar unit is a stable store of value immune to the debasement that is the constant plague of fiat currencies. Not only are silver dollars a stable store of value, their purchasing power tends to increase over time as the result of technological advances in production and economies of scale. Fiat currencies, on the other hand, tend to lose purchasing power, in spite of these advances. The following chart illustrates the difference in purchasing power between the silver dollar and the U.S. dollar over the past 60 years.

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