Wocu & You
Imagine a flexible yet stable currency...
Everyone is affected by money, although often in different ways depending on occupation, geography, health and age. They are affected through the myriad processes and activities that determine the exchange of goods and services throughout our lives.
A container ship could carry your new car, it could carry your furniture and it could carry next door's new refrigerator. Imagine the fuel that powers it is bought in Hong Kong or Singapore and imagine that is bought in a stable, agreed currency unit that meant your car would cost a few cents (or even a Wocu!) less. Then visualise a time when most aircraft and trucks are fuelled that way. Savings of cents then becomes the savings of millions of cents.
Follow this line of thought to a time when a Chinese citizen buys an Indian Government Bond in Wocu and earns a global coupon.
Slowly the casino effect of currency volatility has been tamed. By individuals, corporations and government. Each transaction in Wocu has had a direct effect on individuals as well as a benign second order effect that helps us all.
More trade is now profitable for the sake of the trade itself. It is not determined by the wisdom or unavoidable recklessness of the Treasurer of a faraway enterprise, as he wrestles with volatility and hedging. Because he’ll no longer need to worry that his organisation's gross margin, in his domestic currency, is less than the volatility of the currency he has to deal in.
And your local currency is saved. The Wocu allows us to be selfish, self-less and nostalgic, simultaneously. You may never have a Wocu coin in your pocket - maybe just an ounce or two of gold valued in Wocus in your safe and a little more in your government's vaults.
...and you no longer have to imagine. Because the Wocu is here.
