BUC-agent-model

ABSTRACT

A Decentralized Monetary System which tries to achieve Monetary Equillibrium. We see money as a special product which is specialized to do the accounting of economic goods and services and make trade efficient between two parties. Since we treat it as a product we believe in demand and supply of this product when needed by the market but without causing cantillon effect which changes the share of wealth between economic actors. So out system increase supply and decreaase it without changing wealth share of the individuals. This new system is trying to solve the problem of central bank’s influence over monetary system and bring back monetary system to the public without the need of any central authority. To impliment this model in real world blockchain has played an important role in maintaining independence of its working.