Cy

Money

Money, since at least the end of the antediluvian era, money has always been silver כֶּסֶף {kespeh}, see Mayan Silver Mining, Nimrod empire uses Silver, Mediterranian silver as money, Japan, Mumonginsen 無文銀銭, Genesis 17:12

Man (the species) was granted dominion or the right to subdue the earth from which our bodies come from {Genesis 1:28}. Dominion comes from labour over a materal substance. It is this understanding of dominion that explains why Silver ultimately became money, and Gold the ultimate accumulation of wealth.

Value, real fixed tangible value is deternmined by the culmination of:

• Qualitative: how pure the item
• Quantitative: how much material and labour is required to reach this point
• Resilliance: how long before the item returns to a chaotic state

The only thing man is capable of making is art

-- CyviZen coFounders

This quote makes perfect sense in this context, until dominion is exherted, there is no value, Gold atomically never mixes and stays independent of all surrounding elements, when refined its resilliance is near infinate

Value, can be applied to anything man has made, or art. An item produced of the same combination of qualitative, quantitative, and resilliance will always have the same value, as evidenced through cultures that maintained zero inflation for over 400 years.

Silver has a unique refining process in the ancient world, it is held against the fire until the refiners image can be seen in the metal, while gold continually purifies with fire, silver burns with overexposure. This nature of being able to willfully destroy sliver is a key component of ownership and its choice as money.

Silver has a natural 20:1 ratio to Gold, globally, again making Silver & Gold an excellent consistent choice for Money & Weath accumulation, societies varied between 13-16:1 ratio due to their technological limitations on extraction. Today 15:1 is the accepted extractable ratio.

Currency

Currency occurs when an individual seeks to be a person, an authority, or ruler over others and imprints their face onto an object used as tender through the reach of their power within a domain. Currency, always incurs inflation. Fundamentally this makes sense as an individual or family cannot maintain power over others in-perpepuity.

The same pattern is observed in inter-nation trade, from 1490 multiple Central Reserve Currencies have existed, and all suffer the same inflationary spiralling degradation.

For more detailed history & understanding see: God's Money by Justin Rosioara, Silver Bullion interview of Justin Rosioara

Offline

Three people are all that is necessary to settle without any form of network connection. There is no secondary need to verify the completed settlement against a network, as settlements are immediate, immutable, permanent, and known only to those directly involved in the settlement.

1. B & S agree on settling B's Deed for X Cy
2. B & S devices generate the settlement, updating the deed, and individual Cy, plus any contractual terms
3. W, does not know what A & D have settled. They witnesses that B & S devices contain identical independently generated records of the settlement by way of cryptographic hash. W then seals the settlement with their EEZY

Settlement now complete.

B, S, W devices would sync with the network when it becomes available. If a true global (or large-scale local) restart or outage has occured and network will not be available for some times, then when B, S, or W meet other people, they would directly 2-way sync their devices with the people they meet.

As Cy is eventually consistent, time between settlement, sync and propagation of information to all devices is irrelevant, the settlement did happen & cannot be undone

Online

as Cy is Offline-First, the same process is followed as when Cy is operating in Offline mode.

The variations for online, are:

• B & S do not need to be within physical proximity to eachother, they can be anywhere within reach of the network
• W is replaced by n+1 computational quorum on servers