In the Equal Money System, ‘money’ is going to be digital for several reasons. One reason being that digital money is will have very little impact on the environment, compared to paper and metal money which require much resources and labor to create. For digital money, much is already in place. as many already utilize digital money on a regular basis- in the form of bank cards for example.



We’ll just need to make sure that all people everywhere have access, and once the equipment is in place, that’s all that require to be done- whereas paper and metal money
require to be repeatedly created as they deteriorate or get lost. The equipment needed for a digital money system can be created to last much longer than the physical forms of money. Thus digital money will be much easier on the environment and require less human labor.



Another reason we’ll have digital money is that it is much easier to ensure there is no abuse- it’s much more difficult to steal, because it’s traceable- when a bank card or credit card gets stolen, for example, you can report it stolen and whoever has stolen it will not be able to use it. You’ll be able to get a replacement and suffer no interruption. Whereas, with paper/metal money, there is very little, if anything, you can do if it gets stolen- it can’t be traced and you can’t stop another from using it. Thus a digital money makes sense in order to prevent abuse, and ensure one’s access to their needs always.

Since money in an Equal Money System is only for the allocation of needs, and you are always given enough as needed, there is no need to save it. In fact, saving it would be a problem- as the purpose of it is to exist only for the moment that it’s required to facilitate a ‘purchase’ of one’s needs. Within the current money system, money exists as a commodity in and of itself, which means it’s a thing which can be horded and bought and sold in order to take advantage of inequalities of value in the system to make a profit- but where value is taken from, value is lost- thus this is an abuse as it creates lack where the value has been taken from- thus this way of ‘transference of value’ so to speak, will not be allowed, and a digital money will make sense, to ensure there is no hoarding.

It literally wouldn’t make sense to hoard it anyway, as you always have enough for what you need, and it’s only used for your needs. Thus you’d only be able to get more of your needs, but you can only utilize so much of that, so it wouldn’t make sense to have any excess. You’re not going to be able to sell it to anyone to try to make a profit, because everyone will already have enough to purchase their needs themself, at the same rate as everyone else. Thus, there’s no desire to have a physical currency, as there’s no desire to save it or have something to physically ‘hold onto’.



The whole point of the Equal Money System is to have your life guaranteed at all times for your whole life, for everyone. Thus the need to save money literally becomes extinct.



Having a digital money is also more convenient to carry around or keep track of, as it’s always only one item you need to have, just like a bank card, rather than a wad of cash, or pocket full of change.



Part of the reason some prefer cash these days, is because they like the anonymity- but there is no need for anonymity unless you are wanting to do something abusive and get away with it. This will come to an end in Equal Money, because digital money is traceable, and actually the data can be used as feedback to utilize in working out system logistics- much like it’s used today, except it won’t be used from a starting point of making the most profits possible, in disregard to life. I mean, those that fear that such information will be used to abuse, must realize that that is what happens in the current profit based system already- and the Equal Money System will effectively end that- as we will have oversight in everything we do in order to make sure no abuse is allowed to occur.

For more about Equal Money- visit http://equalmoney.org

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