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Get the most recent info and news about Clean TeQ on HackerNoon, where 10k+ technologists publish stories for 4M+ monthly readers.

Clean TeQ Holdings Limited (ASX:CLQ) renamed to Sunrise Energy Metals Limited (ASX:SRL) on 12 April 2021. Clean TeQ Water demerged from Sunrise Energy Metals and commenced trading on the ASX on 2 July 2021 as Clean TeQ Water Limited (ASX:CNQ). Clean TeQ Water is recognised as one of Australia’s most innovative companies in the water treatment and resource recovery space. It provides turn-key metals recovery and water treatment solutions for companies around the world. Its innovative technology portfolio includes solutions based on continuous ion exchange, encapsulated bacteria, low energy evaporation, and graphene membranes. Key sectors of focus include municipal reuse, industrial brines and mine water treatment. Sunrise Energy Metals is building one of the world’s largest integrated battery raw material plants in Australia – from mine to cathode materials. The Sunrise Project in New South Wales will redefine supply chain reliability, sustainability and transparency for decades to come.

Clean TeQ

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Another day, another popping up. Seriously, web devs nowadays are like little kids in a candy store, grabbing at every new shiny toy that comes along. JavaScript framework Do we really need another f#@$ing framework to add a hamburger menu or a listbox component? Give me a break. Back in the day, all you needed was some good 'ol and CSS to build a website (and that was not even that long ago). HTML No node, no npm, no 39483 dependencies to slow your site down to a crawl. And it worked just fine! Pages loaded fast, code was clean and simple, you didn’t have to worry about shipping a damned compiler for a single website. But then… JavaScript came along barging in like an overeager frat bro and complicated everything. All of sudden you needed build tools to bundle and minify your code, package managers to wrangle dependencies, transpilers to convert between 37 flavors of JS. Web development went from sipping tea on the porch to doing tequila shots at a frat party real quick. And for what? So you can have a bloated SPA that takes 5 seconds to load and runs like crap on mobile? Great job people. The worst part is this mess keeps piling up year after year. Grunt, Babel, Webpack, Rollup, Parcel, Vite, Bun, and a hundred more I can't even remember. I have to be honest, I don't even know what half this crap does anymore. I just npm install it and pray to the JavaScript gods that it works. "Just use React, it's the best!", they said. Yeah well, now I have to learn JSX, Redux, React Router, and a bunch of other React-ecosystem nonsense just to build a simple web app. Don't even get me started on how many new frameworks pop up every year. It's like the Framework-of-the-Month club out here. Hot new framework drops and every YouTube or Twitter “influencer” is buzzing about it. Vue gets hot for a minute, then React takes over again. Svelte comes out of nowhere promising to fix everything, again. Next month is Solid JS, or Astro, or Remix, or whatever new shiny toy comes up. What the hell happened to just picking a tool and sticking with it? Now it's like if you're not re-writing your app in the latest hotness every 6 months, you're screwed. And I’m only talking about the front-end part. I can't keep up with this crap anymore. Ain't nobody got time to rewrite everything in Nuxt or SvelteKit because it's the cool kid of this month. And let’s not talk about the TypeScript vs JavaScript debate. There’s enough people already on both camps. “Ohh TS is better because it has types and my editor helps me correct errors”. “Ohh you don’t need TS, just put JSDoc on your project and you won’t need to do type gymnastics”. Look, if I wanted a static typed language, I’d use a real language like Python or PHP for that. Instead of some pseudo-statically typed BS that it’s supposed to work both on the backend and the frontend. I hope that the day when JavaScript implements those features as default in the language will come soon and we can get rid of this useless TS vs JS debate. Here's an idea, how about we just freeze JavaScript for a while? No new frameworks, no new syntax, just stick with what works for a year. But no, the JavaScript hype train keeps on chugging, bloated as ever. Everyone wants to be the next rockstar with their own popular framework and 100k GitHub stars. Meanwhile, I'm just trying to make a website layout without needing a CS degree and 200 dependencies. Look, I get why it is this way. Moving fast and breaking things a la Silicon Valley, right?. But web devs have gone from adopting new tech to just recklessly grabbing every new shiny object like hungry seagulls. Just because you can build a new framework doesn't mean you should. We have enough choices already. How about improving the tools we already have instead of starting from scratch every year? And I know that every new framework that has come up till this point has done so with the intention of improving the web dev space. But you know what they say, “The road to hell is paved with good intentions”. We not only have an overabundance of /libraries but also of web dev tooling. web frameworks And most of them are doing a very similar thing just in a different way because of “innovation”. Why don’t we stop acting like petty little kids and instead collaborate to make web development the simple and enjoyable space it once was. But who am I kidding, really? This industry will keep attracting new developers trying to make a name for themselves while churning out another amount. New frameworks and tools aren't going away anytime soon. And websites will keep getting big and bloated with all fancy things like WebGL, 3D animations, and whatever else. I’ll better order another tequila shot, cause this crowded frat party ain't slowing down anytime soon.

The Bloated State of Web Development

The Fugitive.

Previous Chapter - The Last 3 Days (14): A Feast for a King All published chapters can be found here. 35:48:54 The brawl was decidedly one-sided and very brief, owing to Ryan, Bobby and Dave being young, fit and upright, while their opponents were generally malnourished, unfit and seated. It took Bobby and Dave longer to drag the dazed and unconscious from Februzzio’s than it did to render them unable to leave on their own. Ryan supervised by studying his now empty tequila bottle. Noticing Februzzio in the kitchen doorway wringing his apron in his hands, Ryan started towards him. The Italian cowered. “Now I’m hungry,” Ryan said, and waved the empty bottle. “More food. And tequila.” 35:37:12 Olga swept glass bulb shards from Jay’s unconscious form by the reflected fluourescent light from Richmond Park’s hallway. She stepped across his body and crouched, as if she might sit on him, but instead slipped her arms under his shoulders. With reasonable technique, she lifted his dead weight and slung him over her shoulder. In the direct light of the corridor, his injuries appeared more severe than Nick’s. “Oh my God,” Becky said when she saw them, unconsciously crossing herself. “He needs a doctor. We have to get him to a hospital.” “No doctor,” Olga answered. “He needs mother.” Her hand fluttered over Jay’s pockets. She pulled out his phone and handed it to Becky. “You call,” she added. 35:37:04 Pressing his fork into the steaming platter of spaghetti, Ryan twirled it then stabbed a meatball and lifted the food to his mouth. He glanced at Becky’s untouched plate of scampi as he chewed, saw her chair empty and then looked towards the passage to the washrooms. “What’s taking her so long?” He asked around his mouthful. He stood and strode down the short hallway, past the men’s room, and pushed open the door to the women’s. “Becky?” he called, and entered. He was out immediately, rushing into the dining area and towards the entrance before swerving and disappearing into the kitchen. Thrusting open the restaurant’s rear door, Ryan found himself in an alley typical of any city. Garbage bags and a clear blue recycling bag attended a neat stack of flattened cardboard beside the door. A small van in the restaurant’s colours was parked against the opposite wall, but there was no sign of Becky. Roaring his rage, he kicked the nearest garbage bag, puncturing it and trapping his virgin Italian leather shoe. Rather than pulling his foot out, he swung his leg and launched the bag through the air. It hit the van and exploded, spreading its contents like organic shrapnel. “She’s gone,” he screamed as he re-entered the dining room. He was almost seated when he noticed the Escalade’s key was missing. “No. No, no, no.” Rushing to the entrance, his worst thought manifest itself. The Escalade was gone. 35:30:09 A deafening base line throbbed from giant speakers crammed into the trunk of a customized import hatchback, to which hundreds danced among random bonfires fuelled by store fixtures, boxes and tires. Reflected in the darkened windows of the storefronts, the flames danced with the shadows to their own chaotic rhythm in a scene from Hell. Not everyone danced. Some watched, others fought. Don ignored a nearby scream and grimly pushed through the mass of people, checking every face for his son. 35:22:54 The food, the alcohol and Ryan’s manic driving tested Dave’s constitution as he clutched the shelves lining the van’s walls, fighting the violence of constant and random G-forces on the contents of his very full stomach. Ryan braked hard, pulling up behind the school. He and Bobby rushed to a service door, where Ryan used his Thurro-issued master key to get into the building. Dave just managed to open the rear door before he vomited and staggered off. 35:12:36 Eileen zipped her purse closed to hide the gun and opened the front door. Daring to hope against hope, she bit her knuckle as she watched the approaching headlights. A big SUV slowed and pulled into the drive, though her hope faded as she walked to meet it and counted only two female occupants. Then the driver’s door opened and Becky climbed out. “Are you Jay’s mom?” “Yes,” Eileen said, “but — ” But Becky had turned to watch a hunch-backed silhouette emerge into the front entry lights. As Olga marched past and into the house, Eileen recognized the limp form of her son. Joy he was home battled her concern for his condition as she trailed after the other woman. “Jay stood up for my mother and others like her,” Becky explained. “And this was the price he paid. I’m Becky and that is my mother, Olga.” Becky was not a mother. The two older women didn’t need words to communicate. Olga turned in the entrance, Eileen pointed and Becky’s mother carried Jay to his room. Eileen turned the kitchen tap on to let water heat while she selected a bowl and cloths. 35:02:23 Bobby had expected Ryan’s rage to reach a previously unknown level when no one but the neighbours responded to his frantic pounding on Becky’s apartment door. Instead, a strange calm had settled in Ryan’s features. “Well, they’re not at the school, or at Jay’s or here. Which means they could be anywhere.” Bobby was terrified at how Ryan would react to his next question. “So now what?” Ryan’s answering grin, in conjunction with the madness in his eyes, made Bobby’s knees weak. “Now we join the party,” Ryan said. “We’ll find them tomorrow — when I’ve had time to think of suitable endings for them.” Bobby looked out the window as the van gained speed, closed his eyes and mouthed a prayer. 34:58:47 Working together like veteran nurses, Eileen and Olga tended to Jay’s injuries, stripped him to his underwear and tucked him into bed. Becky scrolled through channels on the biggest TV she had ever seen. Most were inactive. Then the giant screen showed an empty podium surrounded by UN flags and behind them, flags of the nations. A sole audience member typed on her tablet and looked up. Glancing around, she checked her watch and then stood and walked out. A familiar, off-screen voice asked, “What if they gave a press conference and nobody came?” The KQTS Anchor appeared on-screen, still wearing the same clothes from earlier in the day, except he had unbuttoned his collar and loosened his tie. His make-up needed a touch up. “That was supposed to be the UN response to North Korea’s threat to launch their own missiles at the asteroid.” He stifled a chuckle and continued. “North Korean leader Kim Jong-un declared his intent today before tens of thousands — “ The screen changed to show a diminutive man in unadorned green fatigues, Kim Jong-Un, miming a missile launch, its arcing flight and, with a sudden flourish of his arms, the asteroid exploding. “ — To implement every option available to save humanity from this cosmic threat.” Becky switched the TV off. 34:49:08 The Pastor, his clothes soaked, raised his cupped palm above an elderly woman’s face and let water trickle onto her forehead. He traced the sign of the cross in the rivulets and helped her straighten her posture on the edge of the fountain. “I claim you for Christ our Saviour.” Members of the vast crowd welcomed her, and the Pastor turned to the next person. There were none. After a grateful glance skyward, he stepped over the rim and began to peel off his sodden shirt. An anonymous arm stretched from among the gathered, offering a clean and folded replacement. Only it was not a shirt, but a white linen robe. Also published here.

The Last 3 Days (15): The Great Powers Bail

400+ Thought-Provoking Software Engineering Quotes

Sometimes a short thought can bring amazing ideas. There are some great quotes I’ve been collecting. I use them as inspiration or motto for some articles. Software Design There are only two hard things in Computer Science: cache invalidation and naming things. Phil Karlton What Exactly Is A Name: Rehab [Part II] Make illegal states unrepresentable. Yaron Minsky Is it Crystal Clear for Everybody That a Date Should Not Mutate? First make the change easy (warning: this might be hard), then make the easy change. Kent Beck Simple things should be simple, complex things should be possible. Alan Kay Before software can be reusable it first has to be usable. Ralph Johnson Simplicity is prerequisite for reliability. Edsger W. Dijkstra Most software today is very much like an Egyptian pyramid with millions of bricks piled on top of each other, with no structural integrity, but just done by brute force and thousands of slaves. Alan Kay Premature optimization is the root of all evil Donald Knuth Any problem in computer science can be solved with another level of indirection. David Wheeler The best performance improvement is the transition from the nonworking state to the working state. J. Osterhout I can’t be as confident about computer science as I can about biology. Biology easily has 500 years of exciting problems to work on. It’s at that level Donald Knuth Object-oriented programming languages support encapsulation, thereby improving the ability of software to be reused, refined, tested, maintained, and extended. The full benefit of this support can only be realized if encapsulation is maximized during the design process. Rebecca Wirfs-Brock Computer science is not about machines, in the same way that astronomy is not about telescopes. There is an essential unity of mathematics and computer science Michael R. Fellows A computer lets you make more mistakes faster than any other invention with the possible exceptions of handguns and Tequila. Mitch Ratcliffe Fail Fast Philosophy, Explained Photo by on Shahadat Rahman Unsplash Programming Languages Many people tend to look at programming styles and languages like religions: if you belong to one, you cannot belong to others. But this analogy is another fallacy. Niklaus Wirth More good code has been written in languages denounced as “bad” than in languages proclaimed “wonderful” — much more. Bjarne Stroustrup Sun Microsystems had the right people to make Java into a first-class language, and I believe it was the Sun marketing people who rushed the thing out before it should have gotten out. Alan Kay There are only two kinds of languages: the ones people complain about and the ones nobody uses. Bjarne Stroustrup Photo by on You X Ventures Unsplash Planning / Management The cost of adding a feature isn’t just the time it takes to code it. The cost also includes the addition of an obstacle to future expansion. The trick is to pick the features that don’t fight each other. John Carmack Einstein repeatedly argued that there must be simplified explanations of nature, because God is not capricious or arbitrary. No such faith comforts the software engineer. Fred Brooks There Are No Silver Bullets For This Werewolf You can mass-produce hardware; you cannot mass-produce software; you cannot mass-produce the human mind. Michio Kaku Any organization that designs a system (defined broadly) will produce a design whose structure is a copy of the organization’s communication structure. Melvin Conway Optimism is an occupational hazard of programming: feedback is the treatment. Kent Beck Photo by on Bench Accounting Unsplash Clean Code Always code as if the guy who ends up maintaining your code will be a violent psychopath who knows where you live. John Woods Any fool can write code that a computer can understand. Good programmers write code that humans can understand. Martin Fowler Deleted code is debugged code. Jeff Sickel Some people, when confronted with a problem, think “I know, I’ll use regular expressions.” Now they have two problems. Jamie Zawinski Debugging is twice as hard as writing the code in the first place. Therefore, if you write the code as cleverly as possible, you are, by definition, not smart enough to debug it. Brian Kernighan Don’t comment bad code — rewrite it. Brian Kernighan What Exactly Is A Name: The Quest [Part I] Code is like humor. When you have to explain it, it’s bad. Cory House One day my daughter came in, looked over my shoulder at some Perl 4 code, and said, “What is that, swearing?” Larry Wall A long descriptive name is better than a short enigmatic name. A long descriptive name is better than a long descriptive comment. - Robert Martin Talk is cheap. Show me the code. Linus Torvalds Photo by on Raquel Martínez Unsplash Software Quality Legacy code is code without tests. Michael Feathers An exercise improving legacy codemedium.com Software testing is not only ensuring absence of bugs but also ensuring presence of value. Amit Kalantri Quality is free, but only to those who are willing to pay heavily for it. DeMarco and Lister Nothing makes a system more flexible than a suite of tests - Robert Martin There are two ways to write error-free programs; only the third one works. Alan J. Perlis As a rule, software systems do not work well until they have been used, and have failed repeatedly, in real applications. David Parnas Photo by on Kelvyn Ornettte Sol Marte Unsplash Refactoring Whenever I have to think to understand what the code is doing, I ask myself if I can refactor the code to make that understanding more immediately apparent. Martin Fowler Photo by on National Cancer Institute Unsplash Object Oriented Let there be no doubt that object-oriented design is fundamentally different than traditional structured design approaches: it requires different ways of thinking about decomposition, and it produces software architectures that are largely outside the realm of the structured design culture. Grady Booch I invented the term ‘object oriented’, and C++ was not what I had in mind Alan Kay Part of the objective of this series of articles is to generate spaces for debate and discussion on software design. We look forward to comments and suggestions on this article. Lead Photo by on Zac Durant Unsplash

40+ Thought-Provoking Software Engineering Quotes

Más de 40 citas de ingeniería de software que invitan a la reflexión

The failures of the USD as a global reserve currency mean that we must reimagine money. Money Money is a topic bound to emerge throughout the rest of 2020 as an important issue whose definition embodies the failures of the global financial system. The situation is simply that the US Government is forced to rapidly expand the money supply (USD being the pre-eminent form of money globally) in a monetary and fiscal expenditure binge to support global financial markets damaged by the previous expansionary monetary binge that occurred after the Global Financial Crises (GFC) (caused by essentially the same thing before that). A confused and incoherent neo-liberalism decided that intervening in markets to support asset prices was sound as long as inflation was not an issue. That it would warp the global financial system out of shape was ignored even after it did, during the GFC. The Federal Reserve Banks have emerged with a single role – to support asset prices with the rolling put offered to capital markets as the last 4 or 5 ‘governors’ of the US Fed have come and gone. We are not in any doubt that central banks now know what a hole we are in, the tailspin of a feedback loop within the financial system. That system is supposed to relate to the economy – to real things that perform real tasks in real organisations that produce real outputs. It doesn’t. Trillions of dollars are linked to nothing at all, and in boosting asset prices with the leverage offered to banks in the global financial system, without any connection to reality they demand, trillions more. They must – it is now an inevitable outcome of the structure of the global financial system that trillions become tens of trillions. This dislocation of the proper role of risk – to create frameworks to control risk and to ‘beat the business cycle’ as it were, removed the essential purifying fire of risk from markets.  They thought they could kick the can down the road forever, and somewhere along the way that can shifted into something a lot more like a grenade. RISK Entrepreneuers, business leaders, traders and the financial sector should love risk.  Risk, danger, opportunity and general flux all come together to create possibility and innovation. Risk is for the healthy and competitive to thrive and for the weak and degenerate to pass along. This is noted in the Japanese language, where a well-known anecdote points out that the word crises means danger as well as opportunity.  ( .) Wriggling out of their cultural inheritance, Japan is, ironically the deepest in the hole of system gaming and has been the central bank most desperately in need of USD liquidity in swaps recently organised by the US Federal Reserve That a crises could be dangerous but also have opportunity within itself goes against the Western paradigm, where things have a linear relationship and there is a highly vaunted rational answer.  It goes without saying that the rational answer must come from the consensus view – how else could we recognise it? This conformity towards the pre-existing conditions that could only have caused the problem completely escapes the prevailing linear, rational, scientific paradigm and it settled into a degenerative cycle where the solution causes the problem and so on and so on. Our holiest of perceptual paradigms, scientific rationality, cannot grasp the self-realising, self-reinforcing and paradigm shifting reality of markets. Our paradigmatic reality is at odds with these events and our rationalisations attempt to reframe everything in a way that is essentially seeking conformity. To rebalance the status quo. Into this confusion of diagnostic problems comes problems with how solutions come about. Political solutions naturally emerge in the place of real solutions, due to their aggressive nature, especially in the face of a failing system without an ability to correct itself. Try to give a nuanced, dichotomous answer to a political operative – they are perfectly happy to advertise their inability to grasp the problem, potential solutions or even admit that nuance exists. The political answer is the obvious answer, as far as they are concerned. Political answers are also self-realising, but in a degenerate way that announces a victory on a sinking ship. Just try to walk back a mistake like the interest rate policy that created the GFC with people like that around. And, they are everywhere now, because the system has doubled down on itself again and again. It has fewer answers in 2020 than it had in 2008, and you can actually see the complexity taken out of the financial system in its charts. The financial sector became completely risk-averse, wanting to game itself. When we bailed it out last time they demonstrated their mastery of the finance world in their minds. This time demonstrates the delusion they had all along – going as far back as Greenspans ‘Tequila Crises’. So if we can take the failure of the US Dollar as pre-determined by now, we have to take a look at what money is, and what the point of it is, in a financial system. What is Money? Modern, technocratic explanations of money that fit our prevailing scientific paradigm are typically superficial, at arms-length and designed to fit neatly into our schema of clean, concise and especially nice, rational answers.  It is, of course, a delusion of having packed away the problem neatly and satisfactorily, without any progress made whatsoever in divining the essence of the thing. Money! Is a . Wow ‘medium of exchange’ (these are actually the qualities of currency rather than money). It has the following properties, durability, portability, divisibility, uniformity, limited supply and acceptability Of course these definitions do nothing to help you understand what money is. It has been, and remains a particularly perplexing and historical problem to define money, noted by most who have dared to comment on it. The best definition comes from cryptocurrency pioneer Nick Szabo, who realises it as a qualitative and subjective phenomenon. Money is a token of reciprocal altruism and must be secure, unforgeably costly and easy to approximate in value.   These are its intangible qualities. If something is not secure, if it is not costly to reproduce or approximate in value then it loses status as money. The most money-like thing is the thing with the highest degree of these qualities, agreed on collectively but also self-realising in action. Whatever has achieved this status becomes the lifeblood of the material world, representative of physical potential, of labour, of material things, a complex metaphysical concept that greases the wheels of industry and sits behind the economy in a role of ultimate trust. Whatever we accept as money must maintain its status in the role, of being secure, unforgeably costly and easy to approximate.  Without getting into the ontological nightmare of separating monetary value, money and currency, let’s take this in good faith and view the USD from that prism. USD: A Basketcase The USD is secure from the perspective of it being in a bank - as long as there is trust in the bank and the financial system. Banks do, and have gone bankrupt and runs on banks have also precipitated collapse. The USD is not at all costly to reproduce or approximate in value. Trillions have been created recently. The USD has now failed at this essential aspect of defining itself as money. The USD could become difficult to approximate in value. Although there is not a lot of inflation for consumer goods at the moment, holding USD has become undesirable with negative rates on the horizon and ballooning asset prices reducing the value of holding USD. Not only are USD difficult to approximate, but it is easy to approximate them as losing value in a death-spiral. If we can take Szabo’s definition at face value, it is easy to see the failure of USD as money. An impending failure – a basketcase. Monetary Value We will take a look at some things that are, or could be used as monetary value in a new money-system. These things must have monetary value, as defined by Nick Szabo and we will take a first principles approach of the things that we have used as money in the past. There will be an obvious criticism that there are practical reasons why these things could not be held as monetary value. The most obvious, the volatility of these assets does not take into account the impact of actually using these commodities for their monetary value. We have already seen with the petrodollar how currency used in transactions creates a stability and structural importance beyond monetary value. For example, as a currency is used as the functional settlement choice of transactions whether retail, institutional, industrial or otherwise, it creates a structure that constantly rationalises and affirms the status and price. We believe that this structure created by using something as a currency creates stability in the price. To support this view we review the change of the silver to gold ratio after the invention of banknotes.  Where the silver to gold ratio had been stable for centuries while it was used as currency, it has blown out over the 176 years since the English Central Bank was established in 1844. Over this time we developed banknotes as money and gradually reduced the role of Gold until its complete removal during the Nixon shock of 1971. Although the silver:gold ratio had changed dramatically, it wasn’t until 1990 that it went to 100:1 and more recently 127:1.  (We also suggest that silver is unlikely to make it back as a form of money). So, if actually using something as money improves its profile of being money then we should take that into account. In fact, the USD as the worlds settlement currency is likely the main factor in its recognition as money today. Two questions arise fro this 1. Are there forms of monetary value that act like a currency without being used as a currency? 2. As something is used more as a currency does it act more like a currency? We think the answers are no, and yes. Money: A Basketcase So with the USD in a death spiral, we need to reconsider what we use as money. We do not reinvent the wheel and have the following frameworks to work from. Our basket includes – An international network of transactions that use a currency by some practical and some legal necessity. Fiat – Has an inherent monetary value and has been used historically as the most monetary-value dense object Gold – Intelligently designed digital money with a superior profile to Gold as currency Bitcoin – Has monetary value at the strategic level of the Economy. Oil We approach the problem using the two-tiered demands of the global financial system – Money and Currency. The first tier of the global economy is of money, and it is at the institutional level. At the strategic level of the economy, oil, gold and bitcoin can be used to back transactions. There is some level of trust required, but that trust is a low hurdle and the redemption of money at this tier could be set automatically. The degree to which money is backed by each of these factors (the degree to which each makes up the money of a nation) should reflect the role that the commodities play in the actual economy. Using oil for its monetary value would regulate market forces, minimising systematic risk to industrial economies. The degree to which an economy is industrial is the degree to which it should use oil for its monetary value, but if it is oil-producing then it should be backed by other assets.  Volatility in the asset should be used to improve the status of the money. If the economy is industrial, then its money should be backed by oil. All types of official monies could be backed by Bitcoin. Using Bitcoin for its monetary value makes sense in technologically advanced countries, where the entry-fee to technology will increasingly be whether or not digital assets are held. If a country is developing technology it will participate in the accrual of value in digital assets. Holding significant amounts of Bitcoin (and digital assets) is also a hedge against the long and unrelenting march of technological innovation. In holding Bitcoin, the tech-heavy economy will be active participants in their own success and the technologically weak economy holding Bitcoin will not be left behind. Any economy who is, or wishes to be participants in the global financial system should also strongly consider Bitcoin and digital assets, to acquire meaningful ownership in the unrealised potential of the de-centralised finance space. Gold is also worth considering for its monetary value. Gold is the most enduring form of money, briefly dipping in a way that looked fatal more than once since 1971 (RIP Bank of England) but firmly holding its value, even acting superior to USD as a reference rate for the Americans equity market. If you are in any doubt about this, take the S&P 500 priced in Gold Compared to the S&P 500 priced in USD Nobody could convincingly argue that the USD chart is the true representation of the market. The market peaked in 2018, during a time that the trade-war with China had got going and globalisation looked like it was going to stall. The high in the USD chart is during a year that global recession was expected and it suffered the quickest collapse of all time. And how could we make the most use of structurally embedded, legally defined currency used on a mass-scale to ensure that transactions occur honestly and efficiently? How about a second tier of currency, rather than money. Fiat currency could be redeemable to the money-backed first tier, but used in retail transactions, between individuals. The first tier of money would back the second tier of currency. The fiat currency could be subject to monetary expansion to control deflation and use interest rates for inflation without ever impacting the operation of industry, technological advancement or the financial system backed by the assets that underwrite them – bitcoin, oil and gold. Medium and large enterprises would collect this retail currency and manage balances of it with institutional money to satisfy institutional transactions. First-tier money would retain its integrity by virtue of the inflation managed by the second-tier currency and its dynamic monetary policy without engaging in it itself. The relationship between the two things would create a system that priced oil, Bitcoin, Gold and fiat currency in a way that creates a structural matrix that is a source of stability in money and currency by using assets with monetary value, providing the necessary liquid currency and providing stability to the economy in general. The aim would be to create a coherent, anti-fragile system that acts in a way that promotes the goals of the system (economy). It would provide stability to the economy through its mechanism. And not only would this system support the global financial system without needing to rebuild it from scratch, but most of the hardware for it already exists and it could continue with minimum disruption. Finally, regardless of its implementation and because of the power of monetary value, this system is likely to take form without any intention for it to do so anyway. The institutions with gold, oil and bitcoin are going to be the only ones left holding monetary value in a massive asset inflation caused by the monetary and fiscal response. When this process is finished, with asset prices exploding in a bubble of liquidity not reflected in the real economy – something like this arrangement is likely to self-realise in any case and there are enormous cultural and social ramifications for allowing this system to develop naturally.

CLEAN TEQ

cleanteq.com

51-200 employees

Since 1990

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CLEAN TEQ

EVERGREEN INDEX #2940

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CLEAN TEQ

cleanteq.com

51-200 employees

Since 1990

COMPANY RANKING

CLEAN TEQ

EVERGREEN INDEX #2940

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