Redundant Roll Currency

Redundant Roll Currency (RRC)

A bankroll is a ledger of accounts. A roll is a list of names. RRC is a system of independent rolls of accounts information with coupled names, all transaction history and thus currency balance.

The idea behind RRC is to have many “banks”, or rolls with accounts, that are checked among those who has the software to set up the accounts ledger. If you have say 1000 computer controlled bankrolls, that are independently owned, and they communicate automatically through software to see that the rolls match in accuracy, then you basically have a safe bank system. Some “banks” are black listed if they cheat with their accounts information.

Each “bank” has a list of One-Time-Pad OTP random numbers coupled to each name in the roll, using XOR. Each RRC enrolled citizen has a copy of this secret OTP for each of the “banks” (say 1000) that he or she trusts. When a transaction is made the unencrypted identity (e.g. account number) along with OTP encrypted identity (e.g account number) sender (should be same as above identity) and receiver of funds along with amount and a static message that is unique to the “bank” and the “bank” knows and checks for validity of transaction. If there are 1000 banks, then you need 1000 OTP random numbers blocks for each citizen; each citizen stores those 1000 OTP blocks or more. If a new “bank” appears, it has to communicate one OTP block for each citizen enrolled with this “bank”.

To care for the investment and running costs (and profit for the “bank”) for the “bank” a low cost (since there are many banks each requiring a fee) transaction fee is recommended. Either the sender or receiver (or both solidarily) has his or her account deducted by the fee.

e.g.
START-OF-TRANSACTION (unencrypted)
Account #1234567890 (unencrypted)
OTP index (hexadecimal byte): 00000000 00FFDE32 (unencrypted)
(The following is OTP encrypted)
FROM: #1234567890
TO: #0987654321
AMUONT: RRC 1234.00
HAPPY-BANK-ATLANTA-GEORGIA-USA
VALID-TRANSACTION
CHECKSUM: FC34
END-OF-TRANSACTION (unencrypted)
TOTAL-NUMBER-OF-BYTES: XXXX (number of bytes between start and end signifiers, not counting themselves in the total)

(Interesting strong markets on currencies)


100´000´000:000´123
1g gold = 1 RRC


the use of kilo mega giga, milli micro is strictly not recommended since mega and milli uses the same letter, a possible source of confusion and error.

build your own OS or use a an embedded system with small OS for virus proof. Safety is a sales argument, poor safety with infected computers is a major concern since remote controlling of servers can cause all computers to agree if all computers are infected.

Account_number
19680618-191916200111-1-72
date_of_birth-first_letter_country_of_birth:fl_place_of_birth:fl_given_name:
fl_surname:fl_father:fl_mother-serial(variable_length_no_leading_zeros)-
modulus_100_of_sum_of_single_digits_except_sum_always_two_digits

founding_date_of_company-details_of_main_founder-serial-sum

us binary search algorithm to find correct place of account in continuous memory, have fixed blocks of bytes allocated to account numbers, pointer to transaction history, pointer to name details etc of account holder, current balance

transaction history contains 8 byte timestamp, 8 byte pointer to ip-address table of initiator, memory pointer to sender account and 4 byte pointer to amount (positive if receiving money, negative if oneself is sending money to official “sender” account)

amount table (that above points to) contains all common amounts with some entries dedicated to linked lists of unusual amounts, these lists contains the memory pointer to identify the transaction and the unusual amount as a string of ascii characters.

amount is 4 bytes integer signifying with +1 equal to 0:000’001 RRC (maximum amount approx 2 million SEK, with gold price 1000 SEK/g), two’s compliment positive-negative, as usual.

The system can be used for money accounts, contract binding to people, historic truth, ownership records.

Created 8-12 June, 7 November 2015, 18th December 2020 by Per Trydell, Sparkling Light