In the beginning God Created…
Currency that is Private, Experimental and God Honoring
We are excited to launch a new currency! Our goal is to fill one of the greatest needs we have today, the need for an alternative to the existing corrupt currencies that are used for so many bad things. We hope that Adam will bless Anvóy and fund the promotion of our shared values. Here are the details. Adam is:
- Private – it is only to be used by Anvóy members
- Experimental – it is only to be used for small transactions to start
- God Honoring – it can’t be used for bad things
Adam is a fiat currency like the dollar, meaning that it is not backed by gold or any other commodity. It will be backed by the “full faith and credit” of all Anvóy members, who will agree to a minimum value for it.
The total maximum quantity is set and can never be increased, but only a small part of this currency will be made available in the beginning. It will very slowly be sold to Anvóy members. All of the revenue from the sale of Adam will go to fund the creation of more product and infrastructure to defend and promote our values.
Money can be a Good Thing
Any type of money, or medium of exchange, is not bad on its own. It is the “love of money” or greedy misuse of it that is evil.
Working to earn money to cover personal or family expenses is honorable. Saving it is also a very commendable so that one is able to meet unexpected needs that often arise. Money makes fair trade (which is also very beneficial) much easier. It is only because man’s heart is sinful that he often corrupts money and misuses it.
For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. – 1 Timothy 6:10
The Corruption of Money
Throughout history governments have used money to manipulate their citizens. When politicians discover that they can get away with buying votes, it usually isn’t long until they print too much of it and devalue it. This destroys the currency, economy and causes the people hardship.
Citizens also are guilty of misusing money, as we tend to trust too much in it and amass too much of it. There is nothing wrong with becoming wealthy as a result of hard work, extreme talent or even good luck. But it is unethical when monopoly power or corrupt political ties are used to build fortunes. It is also unethical if extremely wealthy people continue to horde wealth without helping their “fellow man.” Unequal distribution of wealth is normal and good, but extremely unequal and unfair distribution due to exploitation eventually leads to social unrest.
The dollar has served the US well for centuries. It is still considered one of the “safest” currencies in the world even though it is no longer backed by gold. However, many Americans are concerned that the US government is printing too many dollars, which could cause them to lose value.
Creating a Better Currency
Bitcoin has become very popular. We have seen its value (in US Dollars) shoot to more than $50,000. This is amazing when you realize that it started with a value of just 19 cents! But the Bitcoin seems to be nefarious in nature. It is anonymous and therefore can be used in illegal transactions. One wonders if the Bitcoin they buy are tainted with the blood of innocents. Another problem with Bitcoin is that if the password or key value is lost, literally millions of dollars can disappear and never be recovered.
We have created Adam as an alternative to the dollar and bitcoin. Unlike bitcoin, Adam is recorded in a ledger. It can’t be used for shadowy deals or lost with a password.
No Interest / No Usury
The charging of interest used to be illegal because it was looked upon as an unethical way for the wealthy to exploit the poor in order to gain even more wealth and power over them. Unfortunately “interest” and inflation are key aspects of the US banking system, which allows banks and lenders to charge interest in order to cover bank operation costs. The goal of the Adam is to eliminate “interest” and usury.