Value Banking System And Technique Utilizing Complementary Value Currency
First Claim
Patent Images
1. An article of manufacture for use as currency comprising:
- A) a token representation of an amount of value as an amount of currency;
B) an underlying asset having an intrinsic value associated with the amount of currency; and
C) a mechanism for substantiating the value of the currency with the underlying asset.
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Abstract
A new physical currency and any electronic token thereof is exchangeable for tangible goods or intangible services and has a value that is stabilized by an underlying stock portfolio or other asset having intrinsic value, the short term market value of which is arbitrated directly or indirectly by a central value bank.
73 Citations
41 Claims
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1. An article of manufacture for use as currency comprising:
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A) a token representation of an amount of value as an amount of currency; B) an underlying asset having an intrinsic value associated with the amount of currency; and C) a mechanism for substantiating the value of the currency with the underlying asset. - View Dependent Claims (2, 3, 4, 30)
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5. A method for transacting the exchange of goods/services comprising:
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A) providing an amount of goods or services having a value associated there with; B) providing an amount of currency having an assigned value associated therewith, the currency further comprising a mechanism for substantiating the currency'"'"'s value with an asset base having an intrinsic value, associated with the amount of currency; and C) exchanging the amount of goods or services for the verified or substantiated amount of currency. - View Dependent Claims (6, 7, 8, 9, 10)
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11. A method of preventing fluctuations in the value of a tangible currency or an intangible token of such tangible currency or an intangible currency, the method comprising:
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A) providing an amount of a tangible currency or of an intangible token of such tangible currency or of an intangible currency, as a tangible or intangible token representing an amount of value, the amount of currency having a numerical nominative value; B) substantiating the intrinsic value of the amount of currency with a portfolio of equity instruments by making the amount of currency a certificate representing ownership or profit rights in the portfolio of equity instruments; and C) utilizing a model of intrinsic value of the amount of currency and/or a model of intrinsic value of the equity instrument portfolio to hedge risks of diminishing value of the amount of currency. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 41)
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27. A method for creating an equity instrument portfolio substantiating a tangible or intangible currency comprising:
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A) from data stored in a network accessible memory, the data representing a plurality of equity instruments, each equity instrument associated with an entity issuing the equity instrument, computing for each equity instrument; i) an objective fundamental criteria, and ii) a subjective market criteria; B) eliminating the equity instrument associated with any entity having an associated value for the objective fundamental criteria and the subjective market criteria outside a predefined range of values; C) for each of the plurality of equity instruments, scaling a ratio of the computed value of the objective fundamental criteria to the computed value of the subjective market criteria by at least one weighting criteria so as to minimize risk; and D) retaining within the equity portfolio only those equity instruments resulting in positive weight values in C) above. - View Dependent Claims (28, 29, 31, 32, 33, 34, 35, 36)
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37. A computerized banking system comprising:
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A) at least one network accessible central bank system comprising; i) a network interface; ii) at least one processor; iii) a memory for storing an executable equity portfolio model and a plurality of predefined rules associated with selection or trading of equity instruments and the issuance of currency, the currency; and B) a plurality of participating bank systems coupled over a network to the central bank system, each of the participating bank systems comprising a user interface for enabling automated and semi-automated interaction with the central bank system over a network. - View Dependent Claims (38, 39, 40)
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Specification