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Auricoin Money
What is Auricoin Money?
Auricoin money is the accepted medium in the economy for the realization of transactions for the purchase and sale of
goods and services, as well as for the payment or cancellation of debts; in other words, it is a medium of exchange and a
means of payment. It is also a financial asset because it allows to maintain or reserve the value of the wealth deposited
in it, but, unlike goods and services, it is a liquid financial asset because its purchasing power can be realized at any
time. For this reason it can be said that:
Auricoin money is the thing that expresses the value of people's work , and this work people express to others, when
they present their goods or services.
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Unit Composition

For the thing to be used as money, it must necessarily comply with a rule, according to the experts of Macroeconomics,
(which no monetary cone complies with) which no good, even less a service, possesses, and that is that: the Unit of this
(of money), must be made up of its three (3) functions: Unit of Account, Deposit of Value and Medium of Exchange,
and these necessarily have to be intertwined among themselves, and for themselves, harmoniously united and
balancedly inseparable, without any contradiction among them.
Auricoin money is the first monetary cone in the world economic history that naturally and perfectly develops its three
functions. This marks the difference of Auricoin money, with respect to the other monetary cones, which have existed
or exist at present. For this reason Auricoin money cannot be compared with fiat money, nor can it be confused with
crypto money.
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Unit of Account

It consists in providing the world of goods and services with the material for the expression of their value, or rather, in
representing mercantile values as magnitudes of equal denomination, qualitatively equal and quantitatively comparable.
This means that people put a price in money on the goods and services they produce, so that all products are, through
money, qualitatively equal and quantitatively comparable.
Unit of account and price standard. Money is a unit of account that simplifies the pricing of goods and services. Using
money as a unit of account reduces transaction costs, since it reduces the number of prices in the economy and
facilitates transactions. Suppose that in an economy there are four goods, which we denote by the letters A, B, C, and D.
If there were no standard of value and we wanted to know the exchange rates of one of these goods in terms of the
others, we would have to learn to deal with six different rates (A:B, A:C, A:D, B:C, B:D, C:D) in daily transactions. But
if we were to use one of these four goods, A for example, as a unit of account, we would only need to work with three
rates (A:B, A:C, A:D). In general, if there are goods and services in the economy and there is no numeraire, each of the
goods will have n - 1 prices, giving a total of n (n - 1) prices in the economy. Otherwise, if one of the goods is used as a
numeraire, there would be n - 1 exchange rates or prices. Moreover, if money enters as a unit of account, there would be
"n" rates of exchange; that is, n prices in monetary terms.
To perform this function well, money must have a fixed referential value. Since, if money does not possess this quality
and is volatile, it does not develop to perfection that of being a unit of account. On the other hand, it becomes
impossible to keep a real and updated accounting system in money.
Lacking the money of a fixed referential value, how can a label or a sign be placed on a merchandise where it expresses
the real price that one wants to perceive for it? Currently, to place the sale value of a product, it is calculated in the
following way:
First: cost of the raw material to be used,
Second: cost of money (interest),
Third: money devaluation projection,
Fourth: inflation projection, and
Fifth: labor cost (labor used).
As can be seen, it increases in an exaggerated way the sale value of the merchandise, but if it is not done in this way, it
is impossible to replenish the inventory, due to the volatility caused by inflation or the devaluation that money suffers.
The money currently used, called fiat or inorganic, affects the value of the good or service by up to 70%, which is
illogical, isn't it? In other words, the money has more value than the product.
If money is affected by external factors, devaluation and inflation, as fiat money is affected at the present time, it is
essential when taking out the cost of production, to include the projected inflation and devaluation that will affect this
monetary cone.
For this reason, it is impossible to use it as a Unit of Account, since these aggregates are difficult to calculate in time,
which forces to speculate on the value of the product, since there is total uncertainty in the future of the value of this
money.
Now, if money has a FIXED referential value, Devaluation, Revaluation, Inflation, Deflation, Speculation,
Manipulation and Usury simply disappear from the economy, because of money, which makes it really good for the
worker and of course for the balance of the economy and makes it useful and reliable to be used as a bona fide third
party, in the exchange of goods and services. With a stable monetary cone, to produce a product, it is calculated as
follows:
First: labor used (labor value),
and second: raw material used.
This is achieved only with money whose reference value is fixed, there is no other way, as is the Auricoin money, since
this monetary cone does not affect in any way the value of the product that is exchanged for it.

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 Deposit of Value

Exchange is divided into two parts: on the one hand, individuals carry out sales transactions (exchange goods and
services for money), on the other, they carry out purchase transactions (money for services or goods).
This implies a disaggregation of exchange that is not only material but also temporal. That is to say, the individual who
has obtained money possesses a purchasing power that he will be able to materialize at the moment he deems opportune
in the future.
That is, without suffering any variation in purchasing power. In other words, it can acquire the same amount of goods or
services with the same amount of money over time.
Money has a very special function, it is to be a store of value, it is to be a guardian, it is to be the custodian of the values
of the good or service that is exchanged for it.
People who deposit the value of their work in money, accept money in exchange for the goods or services produced, do
so because they trust that the value deposited in it will be safeguarded, guarded, that the purchasing power will remain
unchanged over time.
But this function of money was very skillfully changed and it was given the function of a safe or a bank, which is very
different from the FUNCTION that money should develop in the economy.
For a better understanding of the subject we will give an example: When a person deposits one million dollars in a safe
deposit box or in a bank for a term of 10 years, after this time, when going to check the safe or the balance in the bank,
it cannot be said that the amount deposited has changed, that is, the million dollars remains in the bank or in the safe.
This is the function of a safe or a bank.
Now, the function of being a store of value of money is totally different from the function of a safe deposit box or a
bank.
Let us give an example for a better understanding of the subject: Let us suppose that a person sells his crop for one
million dollars, and keeps that million in a safe deposit box or in a bank, for a period of time of 10 years, and after that
period of 10 years, he decides to take the money out of the safe deposit box or the bank, to use it.
The person expects his money to maintain the purchasing power it had on the date he sold his crop. This function is
referred to as the Deposit of Value that the money must possess, completely different from that of a safe deposit box or
a bank.
If, on the contrary, this person uses his money and his purchasing power decreases, it means that the money, for which
he exchanged his harvest, does not possess the function of being a Deposit of Value, of being the guardian of those
values that the person deposited in it.
The Auricoin money also develops this function to perfection, being also the first monetary cone in the history of the
world economy that develops it.
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 Medium of Exchange

This function, also known as medium of exchange, is what distinguishes money from other financial assets in the
economy.
Money is a form of circulating currency, it is used in the purchase and sale of goods, services and payment of debts,
without any questioning of its acceptability as a form of payment in such transactions. Its use as a medium of exchange
promotes economic efficiency, since it eliminates many of the costs involved in the exchange of goods and services, or
the so-called transaction costs. In a non-monetary economy, where money does not exist, transaction costs are high
since the double coincidence of desires that the buying and selling transaction presupposes must be satisfied.
Suppose that in a non-monetary economy there are a hundred people, each producing a different good. Clearly, these
people will not only want to consume their own production, but also the production of others. The double coincidence
of desires means that for exchange to take place between two individuals it is necessary for each of them to desire the
good that the other individual offers. Exchange in this cashless economy requires each of the producers to search in
order to find a producer who is interested in his good and at the same time produces the good he wishes to purchase. If
the type of preferences in this economy makes this result impossible, numerous rounds of exchange will be necessary
until each person has the good he desires, implying great search costs, time and effort for each of them.
Money, then, is the intermediate object of exchange that is desired not for its own sake, but because in it lies the
possibility of exchange. It is said to "oil" the economy when there is no double coincidence of elements of
macroeconomic theory and policy for an open economy of desires, by allowing bilateral exchange, no longer of goods
for goods, but of goods for money. Any transaction implies the coincidence in the disposition of the one who buys and
the one who sells.
In a society with little division of labor it is possible for a barter economy to exist; however, when production for
exchange becomes generalized, transactions unfold and a third object appears, money, which serves as an intermediary
in buying and selling transactions. Money thus fulfills its function as a medium of exchange, which is associated with
the transaction motif. In this sense, it is essential in a market economy because it encourages specialization and the
division of labor.
This function of medium of exchange can only be performed by individuals, as is logical, since they are the only owners
of money, since they acquire it through loans, sales of their goods or services produced. For this reason, it is up to them
to activate the Medium of Exchange.
This is the only function of the three, which have developed all the monetary cones, which have existed and exist at
present.
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Auricoin Money Characteristics

For the Auricoin money to develop its three functions to perfection, it was necessary to endow it with a series of
characteristics, which only the thing used as money must possess. These characteristics endowed to Auricoin money as
a whole, are not possessed by any good, nor by any service, much less by the other monetary cones. Thus, the first
monetary cone in the history of the world economy was created, which develops naturally and perfectly its three
functions, among the most relevant characteristics endowed to the Auricoin money, we can name the following:

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Stable
In order to make the Auricoin money totally stable, a golden rule was applied to it, which is: the referential value of
One (1) Auricoin is equal to the purchasing power of $ 888.88 USD on November 23, 2018. By anchoring the
referential value of the Auricoin money to the past, it becomes impossible to vary, change or manipulate with its value.

RIC 1 = $ 888.88 USD

Since the value of an Auricoin is referenced to the purchasing power that the amount of US dollars had on the indicated
date, it becomes the second monetary cone in world economic history (previously it was the Gold Dollar Standard),
totally stable, thus achieving the immobility of the currency. With this simple formula, the Auricoin money was able to
develop perfectly the function of being a Unit of Account.
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Neutral

Auricoin money does not affect in any way the value of the good or service that is exchanged for it, and this is due to
the fact that it is endowed with these characteristics, which eliminates the Economic Aggregates from the economy. In
addition, the decision was made to distribute it through the granting of credits, at an annual interest rate of 0.10%, this
interest rate as can be observed is practically derisory, which guarantees the non-affectation of the good or service
because of the Auricoin money, thus guaranteeing the total NEUTRALITY of the Auricoin money.

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Durable
The Auricoin money is endowed with all the necessary characteristics and conditions, so that it works perfectly as a
Deposit of Value. What is achieved with this, is that all the values of the goods and services that are exchanged by this,
remain forever and ever within the economy, because with the Auricoin money the so called Black Holes disappear
from the economy, which have been so destructive for the productive sector in general.
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Resistant

Because Auricoin money, created on Blockchain technology, is durable, as it does not wear out or spoil with use, is
easy to transmit, easy to protect and difficult to steal, easy to identify and impossible to counterfeit.
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Divisible
One (1) Auricoin-RIC is divisible by one hundred thousand fungible, homogeneous, interchangeable units, which can
be aggregated to adjust to very different exchange prices.
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Easy to use

Because Auricoin money transactions are simple messages containing information. Messages that can be programmed
and digitally signed by means of cryptography and sent to the whole network for validation. It is much easier to make a
transfer in Auricoin money, than making a transfer in conventional banking, it is also much faster and dynamic, just put
the wallet number to which you are going to transfer, the amount to transfer and send, so easy and simple is to use the
Auricoin money.
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Easy storage
It is very easy to store the Auricoin money, because it can be stored in a digital wallet, which you can take with you
anywhere on the planet, in your mobile, your pc, in a USB memory or in a simple paper. In this way you have an easy
access to the funds, since they are in a wallet that you have access to through the internet.
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Easy to transport
People can carry millions of Auricoin, as they are stored in a digital wallet, and can access them through a phone, tablet
or PC. There are currently numerous digital wallets, which are divided into three types: custodial wallet, non-custodial
wallet or hardware wallet.
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Not scarce

Auricoin used a process called pre-mining to issue the currency. This means that the Auricoin money that is necessary
to develop the world economy, is available at the moment it is demanded, for this reason there will be no fear of a
shortage of the currency. This avoids manipulation and speculation.
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Social Institution

Money is a Social Institution, it is not an invention of a government or of any very smart person. Nor was it imposed,
nor was it a convention of very smart people who got together and said "we have to use money".
Money has emerged throughout history as an evolutionary and spontaneous process in which a multitude of people have
been incorporating their knowledge to exchange goods and satisfy their needs. That is why cereal was used in ancient
Egypt or sheep were used in Mesopotamia, in Asia Minor some metals, the Aztecs used cocoa and throughout medieval
Europe, salt.
The motive was to try to solve the problem of barter and to make exchanges easier. Money, therefore, is a common
economic good and generally accepted as a means of exchange. A present good, something real and that favors
exchanges.
It is a social institution. This goes far beyond what we understand today by institutions, which seem to be only political
institutions. No. Money is a social institution, which has created society in an evolutionary and spontaneous way over
centuries and which has allowed exchanges to multiply in order to reach the level of prosperity and wealth that we are
trying to achieve.
The origin of Auricoin money, therefore, has not been deliberate. It is not the result of a social contract or a government
imposition. And it fulfills its role better the more accepted it is. The more people accept to use it for the exchange of a
good, service or payment of debts, the more efficient it is. In addition, Auricoin money helps to purify language, law,
morality and other social institutions.
Auricoin money is a Fundamental Social Institution, which facilitates coordination and cooperation, since each person
uses money, because he knows that others also use it to buy and sell their goods and services and to pay their debts.
This makes money have a direct influence on the family, thus making it necessary for the SUBSISTENCE OF HUMAN
LIFE, as well as for the exchange of work for money, which makes money of vital importance for the social, economic,
political and cultural development of each nation, since it has a specific and irreplaceable social function, which
guarantees the perpetuation and stabilization of society. In other words, money has a great influence on the sustainable
development of nations.
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Classification

Before classifying Auricoin money, the student must bear in mind that: "If money can serve as a measure of value of
goods and services, this is only because it is NOT A PRODUCT OF LABOR, (It is not a good, nor is it a service)
and, therefore, potentially, it DOES NOT POSSESS A VARIABLE VALUE. It must only possess a fixed referential
value, in order to develop to perfection, to be a Unit of Account, and to be a Deposit of Value".
Its purpose in the economy is very clear and precise, since it is none other than to be a MEASURE OF VALUE of the
goods and services produced through work.
For the aforementioned reasons, Auricoin money cannot be classified as a GOOD, because it lacks a value of its own,
by itself and for itself, since the referential value it has, is only so that people can use it as a Unit of Account. Because
who gives value to the Auricoin money, are the same people, and they do it when they exchange their goods and
services in exchange for the Auricoin money, but they do not belong to it (TO THE MONEY), but to the people, which
turns it into a Deposit of Value, a Guardian, a Custodian of those values that the people deposit in it.
This makes Auricoin money: a FINANCIAL GOOD for people; an INTERMEDIARY in the exchange of goods and
services for people; a SERVICE PROVIDER for people; a VALUE GUARDIAN of goods and services for people; and
it lends its voice to people to be used as a MEASUREMENT OF VALUE OF GOODS and SERVICES.
For the above mentioned reasons, and since this monetary cone perfectly fulfills its three functions of the duty of
money, Unit of Account, Deposit of Value and Medium of Exchange, the only possible and correct CLASSIFICATION
that can be given to Auricoin money, is simply that of MONEY.
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Distribution

Auricoin money is available and placed in the hands of the producers of goods and services, as well as the general
population, to develop any branch of the economy, there are no limits.
For these reasons and for the ones previously mentioned in some parts of this document, the Auricoin money is NOT
SOLD, it is distributed through CREDIT.
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Conclusion
The current crisis has renewed interest in reform proposals, and potentially presents the greatest opportunity for change
in the international monetary system since 1971. We highlight one key idea: the creation of a single global currency.
It is argued that the global imbalances, which played a major role in this crisis, can only be corrected if Fiat or fiat
money is discontinued. In practice, this can be achieved through the coming together of people, now that we have the
internet and Blockchain technology.
The union of people and the acceptance of a single global currency would mean that governments would no longer need
to hold their own foreign exchange reserves. Instead, they would be backed by a currency accepted by all and managed
by the communities themselves through Blockchain technology.
This idea would be expressed in a new international currency, such as the Auricoin. The idea of the creators of this
monetary cone when creating it, is for a unit of exchange based on being used as world money, which is endowed with
all the necessary characteristics, conditions and functions of the duty to be of money, totally correcting the mistakes that
have been made in world economic history.
The creation of the Auricoin money is the perfect base to initiate a new world economic order, managed by people and
incorporating the productive apparatus, in order to achieve a greater mobility of capital and international financial
flows, for a quick acceptance of this.
This monetary cone helps eliminate fluctuating exchange rates, reduces persistent and destabilizing global imbalances
and promotes international economic cooperation, also contributes to stabilization of commodity prices and eliminates
future financial crises, as it has the potential to eliminate from the economy the: Devaluation, Revaluation, Inflation,
Deflation, Speculation, Manipulation and Usury, caused by Fiat or fiat money.
Reforms to the international monetary system are based on rules and, at the same time, take into account the diverse
needs of different countries.
The current crisis has shown that the international monetary "system" has failed to achieve sustainable global prosperity
and has been plagued by crises. While the persistence of underdevelopment and lack of investment in developing
countries is evidence of this, the crisis has shown that it has not worked for rich countries either, where massive losses
due to risky financial activities are being paid for by the public purse and economies are suffering deep recessions.
A neutral, fair and transparent medium of exchange is needed to move the world economy forward and Auricoin money
has that potential, and will be the fundamental pillar to achieve sustainable, balanced and long-lasting economic and
social development.
But Auricoin money is not a magic wand, it must involve all the people of the world, since this monetary cone is open
to all equally, without distinction of creed, race, and much less social strata, under the auspices of Blockchain
technology. Thousands of civil society organizations are demanding it and will be able to join it, we must all contribute
using it for the good of Humanity.
Auricoin money, an international currency, an international union and a currency that was created by and for the benefit
of all humanity, must be included in the agenda of the world's productive sector, thus achieving a globally managed
exchange rate system.