Frequently Asked Questions
Why a Digital Currency Consortium in the first place?
Answer:: Digital Currency Consortium has its genesis in an article published by Pierre Coupet on January 23, 2014 :: My Vision of The New Virtual Organization World. That’s when it occurred to the founder that the scope of this global vision was incompatible with our current global financial system, thus necessitating the need for an alternative financial system for the global implementation of this vision. An alternative financial system which is able to co-exist with the current global financial system, existing cryptocurrencies – then over 64 of them – and other “virtual currencies,” as well as future cryptocurrencies and digital currencies.
The decision was then made to architect the design of a “Futuristic City-State Enclave Based On A Civilized World Financial System” with its own digital currency – NOT cryptocurrency since they all use fiat currency gateways. Such digital currency was then articulated in the December 14, 2015 article :: A Global Need For Principled Geopolitical Leaders under the following action item: Action #12. Develop a blueprint for the creation and implementation of a “national digital currency” program.
In 2017, the founder of the consortium had a Eureka moment upon coming across CloudCoin, the very first bona fide digital currency pioneered by Sean Worthington of CloudCoin Consortium and then released to the general public :: and thus immediately began to support Sean’s efforts through a number of articles (herein referenced throughout this site), referrals, and personal endorsements (in the 1000’s) along with “advisory services worth millions of dollars” on a pro bono basis since CloudCoin Consortium, to this date, does NOT have the foundational infrastructure, virtual organization leadership infrastructure, financial resources, DISCIPLINE, business strategy, and level of business development sophistication needed in order to implement a truly global digital currency adoption strategy.
However, fast-forward to the present, it has become apparent to the founder of Digital Currency Consortium that our focus should be on helping to encourage and support innovation AT ALL LEVELS AND STRATA of the DIGITAL CURRENCY ECOSYSTEM instead of focusing all our efforts on just One Single Digital Currency in the hope that the primary stakeholders will understand and appreciate the value of our “free services” and take the appropriate steps to quickly implement our recommendations.
Thus the reason why we have now opened our doors and expertise to anyone who wants to be part of this Digital Currency ecosystem – NOT Cryptocurrency ecosystem. Henceforth, instead of “Putting All Our Eggs In One Digital Currency Basket,” we are now inviting everyone to “One Big Digital Currency Melting Pot” which can accommodate and support ALL existing CloudCoin Consortium members and CloudCoin Stakeholders as well as all CBDCs, organizations, institutions, governments, technology innovators and entrepreneurs who would like to understand the difference between a cryptocurrency and a digital currency, its advantages, and how they can develop, help build or participate in a new vibrant and thriving digital currency ecosystem. The more entrants and participants in this new digital currency ecosystem, the better.
Please note that Digital Currency Consortium is NOT designed to replace or compete with CloudCoin Consortium. Rather it is designed to complement the efforts of Sean Worthington and CloudCoin Consortium as we proceed in our own direction with the implementation of our own vision, mission, and global digital currency adoption strategy – a much more ambitious and revolutionary undertaking.
Thus, we not only invite but also welcome ALL current CloudCoin Consortium members who share our digital currency vision and mission to join Digital Currency Consortium. When and where appropriate, we will provide financial support to CloudCoin Consortium for its Digital Currency Innovation, Research and Development Initiatives – what it is ideally suited for and its claim to fame – just as we would for any other Digital Currency organization which meets our eligibility criteria for such financial support.