I’m glad today to join you in an event that will go down in history called “Era of the Golden Mean”. Today, my friends, together we put an end to the problems of the past that we encountered in the present and correct the errors that could await us in the future. We opened a colossal repository of opportunities and became the long-awaited beacon of hope in the vast ocean of material well-being and freedom, for millions of players who are tired of injustice. We are the players of the new generation, and our game is built, according to the laws of nature, with the rights to life, equality and the pursuit of happiness. The goal of the game is not to ruin all competitors, and in achieve financial independence and harmony with the outside world. Each player faces a colossal task and an interesting adventure, where you have to think and count, but believe me, every second of working with your head will pay off. The main thing in this game is that each player, regardless of the outcome of the game, receives an invaluable lesson. Which will help him learn how to properly manage and distribute his financial and human capabilities in the future. In which there will be no mistakes of the past.
But before moving on and learning about everything, we will ask you a simple question. Who are you now and who can you become? What do you want and what do you get? Where are you going and what awaits you there? What are your prospects? Please answer these questions to yourself, because you can’t deceive yourself. Take your time, because in order to understand something or make out it takes time, wait a moment and your gaze penetrates the essence of the subject and open to your mind, obvious. And we, in turn, will try to clearly explain how all this is established, to help you decide and make your choice. So let’s start by defining terms and principles.
Digital currency (digital money, electronic money or electronic currency) is a type of currency available in digital form (in contrast to physical, such as banknotes and coins). It exhibits properties similar to physical currencies, but can allow for instantaneous transactions and borderless transfer-of-ownership. Examples include virtual currencies, cryptocurrencies, and central bank digital currency. These currencies may be used to buy physical goods and services, but may also be restricted to certain communities such as for use inside an online game.
Digital currency is a money balance recorded electronically on a stored-value card or other devices. Another form of electronic money is network money, allowing the transfer of value on computer networks, particularly the Internet. Electronic money is also a claim on a private bank or other financial institution such as bank deposits.
Digital money can either be centralized, where there is a central point of control over the money supply, or decentralized, where the control over the money supply can come from various sources.
According to the report of the Bank for International Settlements (BIS) for November 2015 “Digital currencies”, this is an asset presented in digital form and having some monetary characteristics. A digital currency can be denominated in sovereign currency and issued by the issuer responsible for the redemption of digital cash. In this case, the digital currency is (electronic money). A digital currency expressed in its own units of value or with a decentralized or automatic issue will be considered a virtual currency.
Virtual currency, or virtual money, is a type of unregulated digital currency, which is issued and usually controlled by its developers and used and accepted among the members of a specific virtual community. The U.S. Commodity Futures Trading Commission has warned investors against pump and dump schemes that use virtual currencies. The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury, defined virtual currency in its guidance published in 2013. In 2014, the European Banking Authority defined virtual currency as “a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically”. By contrast, a digital currency that is issued by a central bank is defined as “central bank digital currency“.
According to the 2015 report of the European Central Bank “Virtual currency schemes – further analysis”, a virtual currency is a digital representation of value that is not issued by the central bank, credit institution or electronic money institution, which in some cases can be used as an alternative to money.
Cryptocurrency is a form of digital or virtual currency where cryptography provides operations and controls the creation of additional currency units. Cryptocurrency wallet can be used to store public and private keys that can be used to receive or spend cryptocurrency. The cryptographic systems used allow decentralization; decentralized cryptocurrency is fiat money, but without a central banking system. In terms of overall market value, Bitcoin is the largest cryptocurrency. Since the release of bitcoin, over 6,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created.
The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
Since 6 August 2013, federal judge Amos Mazzant of the Eastern District of Texas in the Fifth Circuit ruled that Bitcoins are a “currency or form of money” (in particular securities, as defined by federal Securities Laws), and as such were subject to court jurisdiction. In August 2013, the German Ministry of Finance described Bitcoin as a unit of account used in multilateral clearing circles and taxed on capital gains if it lasts less than one year.
In Thailand, the lack of current legislation leads many to believe that Bitcoin is banned.
A private currency is a currency issued by a private entity, be it an individual, a commercial business, a nonprofit or decentralized common enterprise. It is often contrasted with fiat currency issued by governments or central banks.
Today, there are over four thousand privately issued currencies in more than 35 countries. These include commercial trade exchanges that use barter credits as units of exchange, private gold and silver exchanges, local paper money, computerized systems of credits and debits, and digital currencies in circulation, such as digital gold currency.
In the US, private money is formally permitted, but with significant restrictions. In particular, they should not look like a dollar, should have a face value greater than a dollar and be subject to income tax. So in order to overcome the economic crisis, in 2009, alternative money systems were again activated in the USA. In a number of cities, municipalities began to print their own currency.
Enterprise-led incentive and customer loyalty programs are sometimes considered private currencies. However, although “points” or “miles” can be exchanged for goods or travel expenses from the sponsor of the program, most of them do not have a key element for the currency to be a medium of exchange, transferred to other persons and suitable for use as payment for goods from others suppliers. Some programs have “partnerships” that allow this to be resolved to some extent, and allow you to transfer points or miles.
A complementary currency is a currency or medium of exchange that is not a national currency, but that is thought of as supplementing or complementing national currencies. Complementary currencies are usually not legal tender and their use is based on agreement between the parties exchanging the currency. According to Jérôme Blanc of Laboratoire d’Économie de la Firme et des Institutions, complementary currencies aim to protect, stimulate or orientate the economy. They may also be used to advance particular social, environmental, or political goals.
When speaking about complementary currencies, a number of overlapping and often interchangeable terms are in use: local or community currencies are complementary currencies used within a locality or other form of community (such as business-based or online communities); regional currencies are similar to local currencies, but are used within a larger geographical region; and sectoral currencies are complementary currencies used within a single economic sector, such as education or health care. Many private currencies are complementary currencies issued by private businesses or organizations. Other terms include alternative currency, auxiliary currency, and microcurrency. Mutual credit is a form of alternative currency, and thus any form of lending that does not go through the banking system can be considered a form of alternative currency. Barters are another type of alternative currency. These are actually exchange systems, which trade only items, without the use of any currency whatsoever. Finally, LETS is a special form of barter that trades points for items. One point stands for one worker-hour of work, and is thus a Time-based currency.
A community currency is a type of complementary currency that is used by groups with a common bond, like members of a locality, or association, and designed to meet their needs. A community currency may be geography-based, making it a type of local currency, or it may be used within a business-based, or online community.
Community currencies aim at using money as a tool to achieve social or environmental objectives. According to the New Economics Foundation partner Community Currencies in Action:
… money is simply a social technology and the ways in which it is designed, produced and controlled – far from being neutral or predetermined factors – all influence the effects it has upon society at large.
— People Powered Money: designing, developing and delivering community currencies.
Some of the purposes for community currencies identified by Community Currencies in Action include:
Often questions arise regarding the payment of tax. Some alternative currencies are considered tax-exempt, but most of them are fully taxed as if they were national currency, with the proviso that the tax should be paid in national currency. The legality and tax status of alternative currencies varies greatly from country to country; some systems used in some countries will be illegal in others.
People throughout the whole time tried to do everything possible to protect their financial situation. With help using various alternative currencies. Here is one such example:
The idea of the possibility of denationalization of money and the elimination of the state from emissions and control over the banking industry was expressed almost simultaneously in an article by B. Klein in 1974 and von Hayek in the book «Denationalization of Money» in 1976, independently of each other. These ideas caused a wide discussion among economists both inside the Austrian school and beyond. Most experts at that time considered such proposals utopian. However, these works were followed by numerous publications by other scholars on this issue. It turned out that the monetary systems of many countries that existed before the era of Central Banks were based on the principles of free competition of private money and were quite effective. An event in the scientific discussion about money was the publication in 1986 of the article «Has Government Any Role in Money?» Milton Friedman, a specialist in monetary theory, Nobel Laureate in Economics, in which he changed his previous negative assessment of the system of private competitive currencies and agreed mainly with Hayek.
The representative of the Austrian school F. von Hayek in his work “Denationalization of Money” (1976) proposed the denationalization of money, since in the field of issuance of money, in his opinion, the state monopoly is harmful to society.
The Austrian scientist proposed a radically new plan for achieving monetary stability — a system based on the competition of parallel private currencies. Currency should be considered ordinary commercial goods and produced in a marketable manner.
Just as competition between ordinary goods improves their consumer properties and rejects low-quality products, competition between private currencies will reject poorly secured and poorly managed currencies. Those currencies that will best fulfill the functions of money will remain.
The initial advantages, the Austrian economist thought, which could justify the government’s assignment of exclusive rights to coin metal coins, no longer outweigh the disadvantages of such a system. You can find defects in it.
While metal money prevailed, the government monopoly was quite harmful. F. von Hayek claimed that it has become an irreparable disaster since paper money came under political control.
The main form of issuing a new currency should be selling in the usual manner or at auctions, then — through banking operations — in the form of short-term lending …
Interest in von Hayek’s ideas increased markedly at the beginning of the 21st century due to the advent of cryptocurrencies, which are a virtual version of private money. We see that today cryptocurrencies are becoming increasingly popular and are gaining great importance. This has led to a huge number of different currencies in the market, which continues to grow at a very fast rate, and creates many new problems for players.
There was a need to create the first and only one of its kind golden mean for private virtual currencies. A coin tied to a fixed currency such as the US dollar and Euro. Which will become a kind of «Noah’s Ark» to save finances from the World Wide Virtual Economic Flood. The currency is useful for cooperation, development of micro / small / medium-sized businesses, revitalization of the local market, reducing the need for national currency and developing a community that does not have access to financial capital, and to adjust people’s behavior in relation to expenses.
And before us a question arose: on what basis is it best to issue a token to solve a real existing mass problem. We settled on two of the best platforms in our opinion — these are Ethereum and Waves. After further research, we came to a unanimous conclusion. Today, tokens issued on the basis of Ethereum have just led to what we have and what we are trying to fix. After weighing all the pros and cons, we chose Waves technology that helped unite and create an “ark” called Yurick coinS (YS).
YS — is not a thing, but a whole process. This process is determined by: peace, friendship, mutual understanding, respect, prosperity, love and unity. As well as the ability to develop and gain experience at every moment in time and at the same time evolve along with the players.Yurick coinS — is smart, stable in price and cryptography game coin based on open source contracts. Focused on maximizing profitability at a given risk or minimizing risks for a given profitability in areas such as trade, investment, financing and much more.YS — is a game token with unlimited possibilities, it can be used for absolutely any needs and requirements. Without a doubt, it is striking that everyone will find something special in him. After all, it all depends on your imagination and fantasies.
Most Important: Yurick coinS is pegged to the US dollar, but there’s always more or less of it exactly as much as it’s less or more than EURO! YS is located in the middle and constantly takes its honorable 2nd place (golden mean) in this three.
Waves has its own blockchain and the token of the same name (YS), which is an integral part of its decentralized exchange platform.
Although Waves’ order matching mechanism is open source, order matching is still centralized. The Waves DEX documentation admits that the Matcher order book is “the only centralized design element of our DEX”.
Independent nodes can match orders to earn a fee at Waves. These nodes, matching the order, match the orders and sign them using their own private key. The mining nodes check the signed transactions of each Matcher and send them to the Waves blockchain. At this point, the user account balances change depending on the amount and price of the order, and the trade ends.
In particular, order books and order matching processes are centralized. This means that transactions are not peer-to-peer directly. Instead, transactions are made through Matcher, a kind of intermediary, and therefore are not committed in the chain. Matcher makes chain transfers before making an exchange between two traders.
Anyone can configure the Matcher node so that this process is not completely centralized, but it is also not completely decentralized. It seems most accurate to call Waves a distributed exchange rather than a decentralized exchange.
More information about the Waves platform can be found here.
The aim of the project was to develop the first and only coin of its kind tied to a fixed currency, such as the US dollar and the euro.Based on this, when developing the project, marketing research was carried out. Research data showed that the relevance of private virtual currencies is growing every day.When analyzing analogues, their positive and negative sides were found, which were taken into account when developing this project.We came to the conclusion that it is necessary to create the first and only one of its kind golden mean for private virtual currencies. A coin that will become a kind of “Noah’s Ark” to save finances from the global virtual economic flood. The currency is useful for cooperation, development of micro / small / medium-sized businesses, revitalizing the local market, reducing the need for national currency and developing a community that does not have access to financial capital, and for adjusting people’s behavior in relation to expenses.Thanks to Waves technology, we have received a virtual version of private money, designed for absolutely any needs and requirements on the Internet. Yurick coinS is pegged to the US dollar, but it is always more or less exactly as much as it is less or more than EURO! YS is in the middle and constantly takes the honorable 2nd place (middle ground) in these three. Yurick coinS is divided into 100 cents.
And we also have plans to create the largest virtual e-commerce platform, providing the ability to buy and sell products from manufacturers from all countries. Settlement currency of the Yurick coinS trading sites.
Thanks to the support of like-minded people and our friendly company. We managed to implement this project, and to embody Your ideas, dreams, goals. Remember: "TOGETHER WE ARE POWER!"
The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the Coinage Act of 1792. One dollar is divided into 100 cents (Symbol: ¢). The Coinage Act of 1792 created a decimal currency by creating the following coins: tenth dollar, one-twentieth dollar, one-hundredth dollar. In addition the act created the dollar, half dollar, and quarter dollar coins. All of these coins are still minted in 2020.
Yurick coinS (sign: ; code: YS) is a virtual option of private money, designed for absolutely any needs and requirements, in the Internet since 2020. Yurick coinS is pegged to the US dollar, but there’s always more or less of it exactly as much as it’s less or more than EURO! YS is located in the middle and constantly takes its honorable 2nd place (golden mean) in this three. Yurick coinS is divisible by 100 cents.
The euro (sign: €; code: EUR) is the official currency of 19 of the 27 member states of the European Union. This group of states is known as the eurozone or euro area, and counts about 343 million citizens as of 2019. The euro, which is divided into 100 cents, is the second-largest and second-most traded currency in the foreign exchange market after the United States dollar.