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! this is not a cryptocurrency !

 Your money are in your hands!  – this is a fundamental, extremely important feature  of gløbal, which does not have any type of cryptocurrency or “your” money in bank accounts, etc.
You have gløbal in your hands, just like coins or banknotes. Your money (gløbal) is in files on your computer’s hard drive or your smartphone’s memory or wherever you want on the Internet (or outside of it). Encrypted and protected with a password(s) known only to you.
You can also rewrite or print the content of such a file onto a piece of paper and keep it completely offline – in a drawer / safe.

And the second unique feature – gløbal is a promissory note, which is a completely legal tender that has been used for hundreds of years, free from restrictive securities restrictions and completely uncontroversial.
You issue – and/or trade – bills of exchange (weksel/Wechsel / lettre de change/ letra de cambio) saved in files. These are not tokens but documents!

Third – gløbal is a platform for creating, exchanging and trading unique files that may contain anything of value people think of.

Arnold Buzdygan

Introduction – people need money …

… for determining the value of goods and services, accounting for each other, accumulate savings, carrying out investments, etc.
Currently, the money is created only by banks demanding the return of more than they borrowed (add costs and interest). In this way, societies, governments and states depend on each other, because by demanding the return of more money than the overall value put on the market, society always has less money than its value needed to return the banks!

However, we can change it now – right now everyone can create the money that people need by emitting gløbal (pronounced: global), which is the implementation of the idea of civic money deprived of the flaws of the current monetary systems, but fully benefiting from them.

Gløbal has a material and immaterial form.
1) Material form are notes (banknøtes) and cøins.
2) The digital form is electronic documents (files) being Bills of Exchange (Promisory Note, Weksel, Wechsel).

Most importantly – everyone can independently issue banknøtes, cøins and create electronic gløbal notes. And use the entire gløbal ecosystem.
More about gløbal banknøtes and cøins is here..

If you find it difficult to enter the domain gløbal.net you can also use gl0bal.ovh ← name with digit “0” (zero) between “l” and “b”.

Non-material form – electronic bill of exchange

(note/weksel/Wechsel).

Immaterial Gløbal is an electronic document (file) which is a promissory note for a monetary sum, e.g. 1 gløbal.

The system is flexible and open, which allows you to issue an electronic bill in any currency, e.g. in Euro, Dollar, Złotych, etc. These are then called eurogløbal, usdgløbal, zlotygløbal, etc.

The legal authorization of such bills of exchange is possible thanks to the eIDAS Regulation (EU) and Polish bill of exchange law (polskiemu prawu wekslowemu) and the Act on Electronic Signatures.

Formal payments

Payment with a promissory note (weksel) is a legally accepted way of making payments alongside cash and bank transfer. Therefore gløbal can be used in any of the settlements and post the payment as cash.

Direct transactions and p2p.

Gløbal can be handed over directly from hand to hand, passing on banknøtes, cøins, a printed sheet of paper with the content of an electronic bill of exchange, an online wallet address with a password or even a medium with such a file or a wallet written on it, simply wraped for tokens etc.
However, you can also use dedicated devices or applications enabling gløbal creation or remote transactions, trade it on stock exchanges, DEX, p2p etc. Your choice!

Comparison of significant gløbal features with other currencies.

 

	Global	Cash	Bank	Cryptovalutes
Actual ownership of funds	Own	Own	Bank	Public database
Confidentiality of ownership	Yes	Yes	No	No
Full control of funds	Yes	Yes	No	No
Anonymity of the transaction	Yes	Yes	No	No
The basis of values	Issuers / Art / Desire	Government / Banks	Government / Banks	Desire
Resilience to inflation	Yes	No	No	No
Resistance to devaluation	Yes	No	No	No
Short-term stability of the exchange rate	Yes	Yes	Yes	No
Operating costs	Low	Medium	Low-Large	Low
Electronic  online transactions	Yes	No	Yes	Yes
Material form, offline transactions	Yes	Yes	No	No
Non-material form, online transactions	Yes	No	Yes	Yes
Formal payments	Yes	Limited	Yes	Limited
Direct transactions, p2p, from hand to hand	Yes	Yes	No	Limited
Issuer	People	Bank	Bank	Software
Emission control	Market (demand and supply)	Bank / Government	Bank / Government	Software

Actual ownership of the funds, in other words: where exactly are your funds?

Holding cash in your hand, you know that the money belongs to you and no one else.
Holding them in a bank you have no real ownership over them. They have a bank and they can appropriate them or they can be confiscated by the government. Also in the case of cryptocurrencies, you do not have actual ownership – it has an software database. What’s worse – this database is publicly available! Even if you have a offline/cold wallet  or printed samething on a sheet of paper, unfortunately it does not give you ownership because your funds are in fact somewhere else – in a public database, constantly available online, exposed to takeover or loss.

In the case of gløbal, your funds are only in your hands. Like cash. Of course, if you like, they can be also available online. Your choice.

Confidentiality of ownership, or do you want others to know how much money you have?

Cryptocurrencies do not provide any confidentiality – blockchain bases are public and anyone can get how much money you have and follow the history of your transactions.

Banks also do not ensure confidentiality. The account status is known by bank employees and they can also pass information about it to dangerous people (gangsters, mafiosos).

Full control of funds

Only you decide whether you keep gløbal in the form of a printout on a piece of paper, on one or several storage media, or online somewhere on the server or in the cloud. Only you decide what you do with them, and with proper protection nobody will take them, steal or confiscate them. Even with direct physical attack.

Transaction anonymity.

You can choose transactions from hand to hand, p2p transactions or through an intermediary, stock exchanges, etc. Your choice. There is no database containing a transaction history that could be used by anyone to carry out surveillance.

Effective thesaurization, exchange rate stability, resistance to inflation and deflation.

The basic global value is based on the cost of the salary experienced programmers (the so-called seniors), hereinafter referred to simply as programmers, agree to work. 
In simple: 10 000 gløbal is the payment for 1 hour of work such programmer, or to put it differently, 1,000 gløbal is roughly the equivalent of one Big Mac in Berlin.
There are no values lower than 1 gløbal – you cannot send 1.5 or 0.01 gløbal etc.

 

But of course the real value, or exchange rate to other currencies, is determined by the market.

to be continued…