How Bitcoin Failed as a Currency and Created Tremendous Opportunity - A Breakthrough Article by A Leading Digital Currency Expert

BLOCKCHAIN - MAKES IT ALL 

In the beginning, the Promise of Bitcoin was to offer…

• An alternate form of currency.
• A digital form of money.
• A way to transact without needing a bank.

BITCOIN WAS SEEN AS DIFFICULT TO USE AS A FORM OF CURRENCY

THIS SEEMED TO BE FOR THREE SIMPLE REASONS…

1) Transaction times – TOO SLOW.

2) Transaction costs – TOO HIGH.

3) TOO VOLATILE – (the value can swing dramatically)

However…

- Just as dial-up Internet – showed us – What was possible.

- Just as Facebook – Replaced MySpace.

- Just as the iPhone – Replaced Nokia.

- Just as Google Replaced – Yahoo.

One Innovative Coin – just might – Take The Position of…

PREFERRED DIGITAL CURRENCY

I’ll introduce you to TPR Shortly.

Before I do - It is important to understand…

- EXPERTS HAVE SAID - BITCOIN HAS FAILED AS A CURRENCY.

So how is it worth over $30K USD Now?

Although Bitcoin was seen as too slow, too expensive, and too volatile to be a currency, as the mother coin of crypto, it has become valuable as a store of value.

THE RESULT?

Bitcoin Has Help Secured its Position as

A STORE OF VALUE – AND LEFT…

The Idea of a Viable Form Digital Currency – With a Huge Vacancy

What Coin Can Become…

A Viable, Transactable – DIGITAL FORM OF CURRENCY?

I’ve always been moved by the notion that with the power of blockchain technology and digital currency – we can create a new economy that is built for the people.

It Seems to me – We prefer a viable form of independent currency…

The question then becomes…

- Can it be done?

- Can we reduce Transaction Costs?

- Can we increase Transaction Speeds?

And most importantly…

- Can we attempt to dissolve – THE VOLATILITY?

We believe that…

BLOCKCHAIN MAKES IT POSSIBLE

Let me explain it in really simple terms…

1) How Do We Solve – TOO SLOW…

- We just may be able to tap into the tech that gamers use for fast data speeds in blockchain gaming.

2) How Do We Solve – TOO EXPENSIVE – (transaction costs)

The reason for high transaction costs is congestion on the network. And that congestion is caused by a combination of increased usage but also slow transaction speed.

We can move to better technology and innovate. Please see reference to Permissioned Proof of stake (PPoS) technology in The TPR Whitepaper here…

https://thepeoplesreserve.com/wp-content/uploads/2023/08/TPR-WhitePaper-V2.0-1.pdf 

This helps us solve two of the three issues.

The big issue of possible Price Volatility, however remains.

3) How Do We Attempt To Solve – THE VOLATILITY ISSUE?

This is where it starts to get – VERY INTERESTING.

A few key points – for understanding and clarity…

1) Blockchain has shown us – A NEW ERA of Possibilities.

- We no longer need a third party to validate transactions.

These ideas have been well-established now, and they are the foundation of the confidence many have now in blockchain technology.

2) Although Bitcoin has issues with being a viable form of currency – it did show us another innovation we can learn from.

- The supply of Bitcoin gets cut in half every four years.

- We can’t cut the supply of oil in half.

- We can’t just shut down half the Gold mines in the world.

- We can’t just quickly cut the supply of anything.

- And yet, with the possibilities of Blockchain, Bitcoin has proven we can affect supply.

- AND THAT IS ONLY POSSIBLE BECAUSE…

Blockchain Technology Allows Us To…

"CREATE RULES"

In other words, we can take a great idea, that adds value and add it to a coin simply by embedding it in the code - essentially Anchoring this value to the coin itself.

And so…

- As it relates to who will take the position as a Digital Currency.

- It is imperative to understand…

For The First Time Ever…

We Can - ANCHOR VALUE – right into a digital form of currency.

The only way that the supply of Bitcoin can be halved every four years is because that feature is embedded right into the coin’s code.

And we know the success of this because…

It’s already happened 3 times – for Bitcoin.

They actually call it - “The Halving”

Once again - which means that the supply is cut in half.

And this creates the gateway for a feature such as…

3) Anchored To --- THE LAST HIGHEST PRICE OF GOLD – (in the wallet)

To explain…

- We can increase transaction speed using PPoS.

- We can simultaneously reduce transaction costs with PPoS.

AND…

- We can anchor the value – by embedding this feature into the code.

And in my estimation… (Crypto Expert)

- If we just get a bit more innovative, we can indeed produce…

A Fast & Transactable – Form of Digital Currency…

That is Built For The People – That Gives Value back to the People.

This has already happened.

A new digital currency has been created – TPR - that…

1) Uses an Innovative form of PPoS = Transaction speeds at 2000/Second.

2) Uses this same form of PPoS – to simultaneously reduce transaction costs.

PLUS…

3) The Value of the Coin is – ANCHORED – To The Last Highest Price of Gold – (on the exchange)

- The Value of the Coin is NOT – Anchored - to the US Dollar.

- The Value of the Coin is NOT – Anchored – to the Price of Gold.

- The Value of the Coin is NOT – Backed By Gold.

The Value of the Coin – IS ANCHORED – to…

THE LAST HIGHEST PRICE OF GOLD. (on the exchange)

The Innovation Does Not Stop There, However…

5 MORE INNOVATIONS TO CREATE

A VIABLE, TRANSACTABLE, DIGITAL CURRENCY

#1) The Power of Compounding – FOR THE PEOPLE…

Imagine…

A CURRENCY – THAT COMPOUNDS – in the wallet - And gives this power of Compounding…

Back to The People.

Consider…

How much stronger our world would be if we all…

Could tap into the power of COMPOUNDING…

-- This is now possible.

-- Through Blockchain – we can now access – The Power of Compounding.

# 2) CONSENSUS…

As it relates to currency, including digital currency – Consensus is imperative to understand. The good news is simple to understand. I like to use this little analogy…
- If I were to hand you a $100 note – we’d both somehow agree that it is worth $100.

That $100 note is NOT “backed” by anything.

The only reason it has value – is because we agree to its value – at $100.

This is known as consensus. (agreement to the value - of a currency)

To further make this point…

If I were to now hand you a $10 note, somehow we will agree that that piece of paper is worth 10X less than the $100 note.

Again…

This only works because of agreement / Consensus.

Let’s now shift to Bitcoin…

- Why does it have the value it currently has?

Same idea…

- It is not backed by anything.

But…

- Enough people see it now as a store of value – that it does indeed have value simply…

BY CONSENSUS.

#3) How Business Owners Can Create Consensus For a Digital currency – (such as TPR)

We’ve been advised that…

For a currency – one of the best ways to show its value as a currency is to have business owners' accept it as a form of payment.

If…

-- Business owners agree to accept a digital currency at a specific value

AND…

-- Holders of the coin agree to transact at that same value…

…Then there’d be consensus/agreement at that value.

Inevitably – for this to succeed – both parties have to feel confident and safe with the value of the digital currency before they could agree to its value.

This is one of the big reasons volatility has prevented Bitcoin from being seen as a viable currency. It just does have a volatility issue, making it nearly impossible for business owners to feel confident in it as a currency.

Further to this…

If a coin does achieve consensus (businesses and coin holders transacting at an agreed value) – then this coin has achieved tremendous credibility, in the form of what’s referred to as…

Use Case.

Use Case simply means – real-life use.

 In digital currency - this is used for any coin. The core question becomes… can you show the Use Case?

It's easy for a coin to present its purpose as a theory, but to actualize this purpose in real-life use – shows the reality – A real use for the coin – or an actualized Use Case.

In other words…

If you see a digital currency - (such as TPR)

- That is anchored on the exchange.

- That has consensus.

- That is actually be transacted between users and business owners.

…Then you may well be experiencing a breakthrough in Blockchain technology.

TPR already has hundreds of merchants accepting the coin for payment from users of the coin.

= Use Case Achieved

= Breakthrough in Digital Currency Already Available.

#4) An Innovation – That Answers the Question… “What’s Backing it?”

For some people…

When they see a coin present itself as a digital currency – they will ask…

“What’s backing it?”

This can seem like a very natural question because the money used to be backed by Gold, but it no longer is. Again, our money today is backed only by consensus.

However…

If we are looking to achieve belief in a unique digital currency, we’d want to reduce as much hesitation as possible.

One way to answer the question would be…

- To back the coin with physical Gold.

The issue with that is two-fold…

1) It’s not such an innovative idea. Anyone could do it.

Since blockchain offers us new possibilities, it makes sense that there’d be a more innovative technology to access.

2) Backing a coin with Gold – could be seen as going right back into the old way of doing things.

Ideally, we’d find a currency that has consensus, that has found a way to be innovative.

The reason to consider Gold, however, is because it does have established value.

And so the perfect marriage between – utilizing the accepted value of Gold and this new era of possibilities we find ourselves in…

As mentioned earlier – On the exchange - We can ANCHOR the value of TPR to the last highest price of Gold.

And let’s add one more piece…

A NEW MODEL FOR A NEW ECONOMY…

Working directly with TPR, we've helped to develop a new model.

Here's that explanation in brief…

As discussed – a digital currency derives its value from consensus and purpose (use case) As the TPR project evolved something notable was observed…

It became clear just how tied businesses were to fiat currency. IE: They were limited in their capacity to contribute to The New Economy based on the fiat cost to them to participate.

IE: The cost of labour, overhead, wholesale costs etc.

As a team, TPR got together to brainstorm what could be done to help this.

A key distinction was uncovered…

We want to make something available for TPR that is Universal.

Something everyone spends fiat currency on.

- The obvious answer was – FOOD.

- The next question was - how do we make food available for TPR?

- We need food from Farmers so what if we help Farmers – SAVE MONEY.

The idea being that if Farmers are offered the opportunity to save money – they then could take that cash savings to help absorb overhead costs and then be ion a stronger position to make food available for TPR.

- And the TPR team has done this.

Leading the way…

Helping to find open-minded farmers who love the idea and want to participate and helping them save money on overhead costs like power and labour etc.

This is strong evidence of the commitment of TPR to…

- Not just be a digital asset.

- Not just be a transactable digital currency.

- Go beyond even being an advanced digital currency with numerous features.

But…

- To also be proactive in the support of Farmers, essential practitioners and business owners also in a very hands-on. And innovative way