Dr.Kartik H - Perfect Money

Perfect

MONEY

BITCOINS, BLOCKCHAINS &

THE FUTURE OF MONEY

BY

DR.KARTIK H.

DR.YATISH S.G.

Perfect

MONEY

BITCOINS, BLOCKCHAINS &

THE FUTURE OF MONEY

BY

DR.KARTIK H.

DR.YATISH S.G.

Copyright Dr. Kartik Hegadekatti.

ISBN: 978-1-63227-147-1

First published November, 2016

The views expressed in this work are solely those of the authors.

Sometimes, the terms Bitcoin and cryptocurrency are used as interchangeable words in the book for clarity of explanation.

Mention of any products or sites do not indicate endorsement by the authors.

All rights reserved. No part of this book may be used or reproduced by any means, graphic, electronic, or mechanical, including photocopying, recording, taping or by any information retrieval system without the written permission of the authors except in the case of brief quotations embodied in critical articles and reviews.

Copyright of all the protocols, logos, illustrations, as well as suggested institutions with their design and mode of working, systems and monetary instruments mentioned in this book belong to

Dr.Kartik Hegadekatti

Muralidhar Math Road,

Karwar -581301

India.

hegadekatti@gmail.com

Cover design

Vasantmadhav

The success of an economy depends upon the many tears it can wipe from the face of the hungry, poor and unsecured.

-VPH.

The success of an economy depends upon the many tears it can wipe from the face of the hungry, poor and unsecured.

-VPH.

This book is dedicated

To

The hungry, illiterate and unsecured millions across the world.

This book is dedicated

To

The hungry, illiterate and unsecured millions across the world.

Contents

ABOUT THE AUTHORS...342

The making of Perfect MONEY;
A step towards a hunger free and secure world.

So you think that money is the root of all evil? Have you ever asked what the root of money is? Money is a tool of exchange, which can't exist unless there are goods produced and men able to produce them.

S

-AYN RAND, Atlas Shrugged

ara was only six years old in 2001. Lovelier than a Barbie doll, she was studying at an elementary school in lower Manhattan. Her father George Hill, was very fond of her. Daily, he would drop her off to the school before he went to work at the nearby World Trade Center.

Sometimes her papa went early to work and her mom would leave her at the school. But papa would never miss picking her up, on his way back in the evenings. She would wait at the school gate, even if he was a little late.

On that particular day, Sara was in her class when her mommy rushed into her school, picked her up and drove back to the house. She did not answer any of Saras questions. She was crying.

In the evening, Sara learnt that some bad guys had destroyed her papas office. Papa was missing.

Sara daily hoped, with tear-filled eyes to see him come from a distance to pick her up from the school.

But he never came.

Sara often thinks about her papa and the bad guys who killed him. Now grown up, she works part-time in a bank. She knows that terrorists, plush with a lot of money, destroyed the World Trade Center, and her father with it.

She wonders, if only their money supply could be cut off; the misery of millions like hers would never occur.

Sara was one of those who were orphaned on that fateful day on September 11, 2001, when the twin towers of the World Trade Center were destroyed.

There have been more than 200,000 deaths in terrorist attacks in the last one decade alone.

Unless terrorists have massive financial support, it is not possible for them to carry out attacks. Governments all over the world are at a loss to legally identify these supporters, though unofficially they know who the bad guys might be.

If only their money backers could be identified and blocked, then terrorists' activities would stop automatically.

Abeo Bankole is a poor Nigerian laborer. Five years ago, the government promised poor people like Bankole free land for farming. This was to be a part of the land reforms that the government had planned. Bankole's father was supposed to get the land.

Unfortunately, two years ago, Abeo's father Kalu Bankole passed away. Since then Abeo has been going to the land records office to get the Promised Land released. Before his father died, his father Kalu used to go to the land record office every day.

Now, Abeo fulfills that role. Recently, Abeo took a loan from moneylenders at high interest in his village to bribe the clerk in the land registry office. After a lot of haggling and bribing, Abeo finally got the land released.

But now a new problem has arisen. The land has been released in Abeo's dead father Kalu's name. Abeo now needs to get it transferred to his name as it is his father's land. The clerk has now asked for Kalu's death certificate. Now Abeo has been paying weekly visits to the birth and death registry office. The touts there are asking for bribes. And poor Abeo has no money. He is already under the debt of moneylenders.

Abeo knows that his problems will not end here. Even if he gets the death certificate of his father, he will have to bribe the clerks at the land registry office to transfer the land in his name.

In the heat of the afternoon Nigerian sun, hungry and emaciated Abeo now waits on a shade-less rock, outside the birth and death registry office. The clerk is having his lunch and did not like to be disturbed. So he has chased Abeo outside. No more tears are left for Abeo to cry. Abeo pays a detached look at other people waiting along with him. They have problems of their own. He stares on as the guy next to him takes out a mobile phone and talks to someone.

Abeo thinks- "Even with so much of progress, why am I begging for a piece of land, which is rightfully mine? Why the things don't change? "

Abeo is not alone in feeling this way. Abeo is only one of the millions of sufferers in the present economic system that runs our world. Out there are a lot of people who suffer because of intermediaries between them and their rightful social benefits.

Is there a solution to Abeo's problem and others like him? Can't these middlemen, who make poor people like Abeo's life hell, be eliminated from the system itself? Can they be bypassed, so that Abeo can directly interact with the Government, which is the actual service provider?

Sara's misery and Abeos plights may appear to be unrelated. But in reality, they are closely interlocked.

Such human miseries caused by unscrupulous elements are abundant, because of the economic and social environment we live in.

They succeed because

First -the money which changes hands cannot be traced to its origin.

Second -present day transactions involve a middle party like banks. Some of these intermediaries can expertly hide transactions and make them untraceable to the eyes of law. Most important, banks may have people whose intentions may be dubious, acting hand-in-glove with other intermediaries who help terrorism and dishonesty.