What is Credits Backed by People?

CBBP

1. Issuance & Vitality

• •The Grant: 5,000,000 credits given at join (18+) and every 20 years.
• •Proof of Life: Required to receive each grant.
• •Death Status: Failure to pass Proof of Life after a one-year grace period.

2. System Stability

• •The Baseline: 5,000,000 credits per person must always exist as the system anchor.
• •The Removal: 20 years after issuance, 5,000,000 credits are removed from the global supply.
• •The Method: Subtracted from every credit in the system by an equal percentage.
• •Individual Protection: Credits are not taken directly from the individual they represent.

3. Transactions & Governance

• •Trade: Free exchange between people.
• •Privacy: Only credit transfers are recorded; assets purchased remain private.
• •Public Ledger: All transactions are public for auditing.
• •Pooling: Third parties can pool transactions for added privacy.
• •Heirs: Automatic transfer of remaining credits to selected heirs upon death.
• •No Heir Rule: If no heir is chosen, the 5,000,000 representational credits are deleted from the deceased's wallet first. Any excess is dispersed to all other wallets equally.
• •Guardians (Optional): Veto power for purchases over a chosen threshold.
• •Guardian Removal: Requires a one-week processing time to discourage impulsive spending.

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