Money that carries its own trust.

"We identified BitMint as the only candidate qualifying as a universal digital representation of worldwide currencies." - Helmut Scherzer Giesecke & Devrient Prinzregentenstr.

Seven plus billion people roam the planet. They look differently, believe differently, wish for different things, don't speak each other language, but they are all held together in quite remarkable unity, owing to the flow, the possession, and the wide-spread distribution of what may qualify as the most remarkable human invention: Money.

As maligned as money has become, listening to many social critics, as unbalanced its distribution, as indeed it is, money is nonetheless the common denominator, the underlying common language, the blood flow of the body of humanity.

And now technology gifts us the remarkable opportunity to make this invention, money, into a much better, much more powerful means for cooperation, association, prosperity and peace. That is because money just escaped the cocoon of material existence and transcended to information abstraction. Promising and frightful at the same time. We at BitMint are dedicated to alleviate the risk, and promote the opportunity. We do so by offering the BitMint payment platform, the BitMint security platform, the BitMint digitization solution -- so simple, so powerful, so secure!

Bitcoin Replacement

Bitcoin proved that money can become functional despite being backed by no asset whatsoever. Remarkable! Alas, Bitcoin is too helpful for criminals and terrorists, so a bitcoin-replacement is due. Which is what the BitMint team has designed. What is wrong with Bitcoin? Bitcoin keeps itself afloat through a fixed mathematical barrier holding hackers back. For this barrier to hold up, you need to assume that its attackers will not be innovative enough to crack it. Not a very sound assumption. Bitcoin-Replacement has a built-in dynamic mathematical barrier, keeping it one step ahead of its attackers. Bitcoin-Replacement comes with built-in procedures that deny terrorists and ransomware criminals their currency-exploitation path. Otherwise Bitcoin replacement safeguards privacy, and supports cross-border payments as well as IOT payments. Bitcoin-Replacement is Bitcoin without its baggage. We looking our for hard-core crypto-math developers to rush LeVeL-F: Bitcoin-Replacement to the market. I am waiting to hear from you. Prof. Gideon Samid, PhD, Chief Technology Officer, BitMint

Gideon@BitMint.com

Seller is paid more than fair market price, buyer pays less than fair market price

It's the magic of self-referential BitMint Digital Coins. You Are Invited into the Future of Trade

The magic happens by convincing people to use their hard earned dollars to buy short lived digital money: vanishing "Paradoxas". A slate of merchandise is auctioned off against these Paradoxa coins (and no other). A piece of merchandise will go to the highest bidder regardless of the market value of the merchandise. The sellers will divide between themselves the hard dollars used to buy the vanishing Paradoxas. The hard money paid by the non-wining bidders resolves the paradox where the seller is paid more than fair market price while the bidder pays less than fair market price.

It is BitMint digital money technology that powers up the Paradox, and replaces the boring marketplace with a game of strategy, risk taking and probability calculus -- suspense and entertainment elevate trade into a new experience. Lively trade builds up industry and ushers in prosperity. So watch out for Paradox. Early registration accepted.

Register for Paradox Alerts

BitMint Public Exchange establishes an open ledger that captures the movement of BitMint digital coins from their purchaser to their redeemer. BitMint coins are US$ (or equivalent currency) in digital form, so there is no rate of exchange towards the US$. It's 1:1. Unlike typical crypto currencies based on outrageously wasteful proof-of-work, BitMint incentivizes the nodes to confirm transactions with as little ($) as necessary not to hold back transactional flow. BitMint money is held, managed, and stored by the traders, not by BitMint. By contrast, crypto exchanges run the crypto side on behalf of their clients, (holding their private keys) which for them the exchange acts like a nominal bank, alas, without the FDIC insurance. Crypto exchanges work in the shadows, creating the risk of a "Crypto Madoff". The BitMint exchange operates with binary clarity, no need for a tail of reconciliation.

BitMint is in negotiations to implement its technology in areas where banking and advanced financial services are scarce or non-existent. With BitMint technology, "priming money" is pushed directly to the personal phones of the developing people. Small frequent amounts popping up on the BitMint app, enabling boot-strapping commerce.

The BitMint way creates a direct link from the source of the priming funds (e,g, The IMF) to the individual beneficiaries. Today the money goes through 'sticky fingers' intermediaries...

BitMint technology for secure phone holding, will turn the phone into a 'bank account'. Owners may keep their money (at any large amount) on their phone. BitMint electronic equivalent of the old Travelers Checks will do the trick.

LeVeL Demonstration Application Support Page

This page presents a library of materials related to the LeVeL Demonstration Package prepared for the G20 competition in August 2022. It is designed to provide the honorable judges of the competition a detailed introduction into the LeVeL digital money solution, as well as presenting related sources that help present the thinking and the strategy of the designers of this BitMint LeVeL plan to provide an effective platform for CBDC.

Computing LeVeL Public Key from LeVeL Private Key

Books by the Designers of BitMint LeVeL

G20 CBDC 2022 Competition

The LeVeL Paying Field

Early buyers of Bitcoin enjoy a hefty profit. Bitgood Coin channels this kind of profit to noble social causes. An initiative in the making. Seeking passionate partners. info@bitmint.com

Minting a limited amount of Bitgood coins with an initial price of $10/coin, Bitgood coin is expected to appreciate as contributing artists and merchants offer certain merchandise exclusively in count of Bitgood coins. The lower the price of the coin, the greater the discount for the designated merchandise, so the greater the motivation to buy Bitgood coins. As demands builds up, so the coin appreciates. As the value of the Bitgood coin soars, the newly minted coins generate a greater revenue. The generated clean revenue is passed on to support a noble social cause (curing a killer disease, more social services, helping the poor). Bitgood coin buyers are never losers, their money upholds a noble social cause. Smart buyers, as an extra bonus, make a hefty profit by buying low (early) and selling high (late). Everybody tries to be smart, which keeps the show running!

BitMint Money Solution for Government Assisted National Health Management

Modern medicine offers health miracles -- but they are extremely pricey. The free capital market is inclined to delist the most expensive treatments in order to profit on the basis of insurance risk management, as in other areas like car insurance. Given that a society assumes responsibility towards the lives of its citizens, it is incumbent on society to save lives and provide a health management 'floor' to every one. Today's solutions for such government assistance are ripe with fraud. The government bureaucrats in charge of the health money spigot are routinely outwitted by fraudsters and cheats, the money then does not go where intended. The BitMint health managment digital money solution is simple. The government will extend its financial support by allowing patients to buy US Health Management Dollars, USHM$ for 90 cents on the dollar, or 75 cents, and even in extreme casess 5 cents per 1 USHM$. In all instances the patient shells less regular dollars to buy more health management dollars. The patient uses the received USHM$ to pay his doctor, the pharmacist, the therapist and the hospital. All that on top of any normal health insurance arrangement claimed by the patient. The greater the discount offered to a patient, the greater the tax rate charge on him or her above a certain income level any time in the future. The co-pay on one hand and the higher taxation on the other hand are designed to ensure that patients will avail themselves to buying health dollar for less than a dollar, only to the extent needed. BitMint is fast secure, safe and moden digital money solution. Health care officials are invited to discuss details.

Doqumint: Document and Banknote Quantum Randomness Authentication Technology

Pattern-Devoid documentation

3D printers and AI generated images have caught up with current material identification technology. Counterfeiters can readily match any refined identification pattern that document and banknote manufacturers can fabricate. The answer therefore is to avoid any established pattern. Introducing pattern-devoid documentation and material identification. Using quantum randomness through nanotechnology to fabricate documents and high-end banknotes to secure billions of numeric measurements characteristic of a unique material entity. A subset of these measurements is published on a public ledger. A field authenticator of the document or the banknote will, on-the-fly, measure any number of these measurements and compare them to the data from the public ledger. The published subset changes periodically to make it impossible for any counterfeiter to defeat the system. Special use: spotting AI-constructed facial images -- a technology that allows fraudsters to falsify personal licenses and identification cards. They cannot defeat the Doqumint. Why? Because fraudsters identify pattern and emulate it, e.g. security threads in banknotes. But Doqumint-Banknotes are pattern-devoid, and hence fraud-resistant.

ANCHOR

Cyber money is magic, and for a while it can be transacted on hope and expectations. Alas, we need our money when hope is fading and fear is rising. For money to be there, rain or shine, it must be anchored on the most solid assets we can identify. A combination of them, is best.

BitMint digital money solution is anchored on solid assets. The BitMint digital coin is really a claim check for a specified amount of those assets.

The BitMint digital coin is redeemable for the amount of assets it was purchased for. Don't confuse BitMint with so called 'stablecoins' that rely on complex probabilities algorithm that work until they fail, and sink the digital coin founded on them.

Go BitMint!

Read the global vision for digital money founded on the sum total of humanity wealth. And as such its value cannot fluctuate because it has no reference to fluctuate against.

BitMint is designed as a framework for global flow of the full canvass of financial instruments: cash, credit, debit, investment, etc.

Cascading Up Into Global Currency (chapter)

Rented Money A New Financial Innovative Landscape

BitMint money system allows one to offer "money for rent". The renter will pay $X, and receive $2X "rented dollars" which expire in, say, 6 months, and which are tethered to preset terms of Exchange (TOE).

The expiration date and the TOE determine the risk balance between the renter and the rent extender. It is designed to motivate the renter to act the way the rent extender wishes them to.

For example: a minority advocacy group will offer a small business to rent to them an amount of $3X to use for hiring three key executives from the minority group, each with an annual contract of $X. The hiring must be concluded in six months. The small business with pay $X for the rented $3X. If the mission is not accomplished the rented money returns to the owner. If the mission is accomplished then the money is used to pay the employees. The rent extender paid net $2X to promote the interest of the advocated minority group. The alternative is to offer cost sharing, with no upfront risk to the business, so no strong incentive to accomplish the mission.

Other circumstances may be to achieve a specified innovative and operational goal, pass certain tests, or earn a certificate. Anyone accepting rented money is aware that this money may evaporate if its TOE are not met. The terms, are all written into the digital coin. The transactions are all carried out with guaranteed BitMint privacy and quantum faced security.

Ease yourself into the BitMint money concept. It is the simplest, and hence the most robust digital money, steadily climbing its way to world wide retail and wholesale trade.

Enquire for details.

BitMint Innovation Index Coin (BIIC)

BitMint is preparing to launch the BitMint Innovation Index Coin which will be backed by equity in the BitMint Innovation Index Investment Fund (BIIIF). BIIIF is based on the Innovation Solution Protocol applied across the innovation landscape. It resembles a regular index fund only that stocks are rated based on the expected innovation productivity behind them. The metrics for the Innovation Productivity of a stock is computed according to the innovation appraisal protocol. Stocks driven by highly productive R&D are rated higher, and the BIIIF invests accordingly.

BitMint innovation index coins will be backed by a specified fraction of the BIIF, and will be traded like cash -- securely and anonymously.

The D&G Sciences -- Innovation Productivity Corporation Innovation Appraisal Engine points the fund to attractive stocks based on the core data of the stock -- its innovation productivity expectation, and hence it is the investment choice for the intelligent and innovation minded investor.

The BIIC is still on the drawing table, but registration by interested parties has begun. You can pre order a BII coin at issue price, which is expected to rise instantly as trade begins. Inquire for details.

Questions, Comments?

Digital Loyalty Money: A Treasure Trove of Possibilities

Coupons, air-miles and the full variety loyalty money has been the spark plugs for many trade and commercial campaigns. They were also easy target for fraud and misuse. But now we have a new technology to be taken advantage of: the same technology that revolutionized the notion of money per se. Digital loyalty coins can be minted the very same way that central bank coins are to be minted. This new implementation route invites creative exploitations.

BitMint has so far touched but the edge of this new vista. We offer digital loyalty money that enjoys the full security we built for national currencies. The BitMint loyalty coins move fast, split at any resolution, and are being traded between people who have no account with the loyalty store, no account with any financial institution. It is in many ways cash-like. In fact our most edge-wise implementation regards coupons as cash-reversal. This opens a new range of acceptance, endurance, and versatility. BitMint loyalty money implements the smart contract concept for digital coins, thereby guiding the use of the loyalty coins to serve the interest of the minting store.

The most recent development calls for BitMint digital loyalty money to be used in "Paradox Trading" -- where the loyalty coins enjoy buying power for a well defined time interval, after which they vanish.

Coupons and loyalty money traditionally require an expensive start-up campaign. The BitMint Loyalty solution offers small businesses a standard loyalty platform, tailored to their brand and to their handling policy.

If you plan a new loyalty money campaign, you don't want to use a solution that is not of the grade used for cash-like digital money.

Suppose you can pay for a cup of coffee with a micro measure of equity in the coffee shop! The higher the price you pay, the more valuable your equity. The BitMint rails may transform equity to digital coins that move in a frictionless mode among the stakeholders. The resultant equilibrium tends to optimal performance.

Let's illustrate the concept over a piece of real estate:

Real estate assets project trust due to their size, immobility, and visibility. Therefore ownership shares in such an entity are attractive, especially to people that live around the construction and reassure themselves daily of its utility and worth. So much as digitizing fiat currency, BitMint can be utilized to raise money from the public to construct an expensive piece of real estate. To build a bridge, the enterpriser will issue ownership stakes, and promise to distribute dividends from toll income. These real-estate ownership coins will be freely traded, if so desired. Alterntively these coins may limit ownership to local residents, and assign voting rights to coin holders. With their votes the coin holders will decide on business practice.

For example: A community might set out to build a much needed toll bridge across a local river. To raise money, the community issues BitMint coins that represent stake in the bridge. These coins are implemented with a strict chain of custody, and only local citizens can legally purchase such coins. Every quarter the coin holders vote on proposals to adjust the crossing toll for the bridge. Since the people who pay those tolls are members of the community that holds the stakes for this bridge, the question of a fair toll will be resolved within the community, giving the people a sense of control over their destiny.

"Life-Cycle Coins" is a BitMint payment language that creates an automated money flow from the top of society (wealth wise) to the bottom. The inflow at the bottom is impacting people in proportion to their financial need, and the outflow is automtically taxing people exactly in proportion to their financial holding. The money at the bottom pops up weekly or even daily in the phone of recipients while the process of taxation is immunized against cheating by smart use of cryptography. The power of the Life Cycle Coin potocol is in the trade freedom that it provides between the two end points: money inflow and money outflow. In that respect Life Cycle coins look like a perfect match between socialism and capitalism.

The Life Cycle Coins (LCC) protocol may be applied on a full national scale, but it may be very effective on a very small scale too.

Community Enhancement Life Cycle Coins

We present here a plan to economically boost a community by unleashing market forces powered by a bold financial support at the bottom. The inflow of money to the most needy will be coming from a cheat-resistant cryptographic taxation mechanism. As designed money will flow indefintely, "bleeding" from the top wealthy to the bottom needy. The financial influx will serve as fuel to the local economy, and keep the money circulating within community limits. All payments are phone based. Recipients find new money in their smart phone on a daily or weekly basis, the use of the money may be unrestricted, or rather restricted to non-luxury items. The community decides.

BitMint is ready to build its Life Cycle Coins system to serve a forward looking community. Any town, municipality interested please write to Info@BitMint.com to learn more.

In parallel, we call upon socially minded foundations and institutions to inquire about the role they can play in testing, evaluating and eventually promoting this powerful use of digital money technology in ways that leverage the technology for the good, while cutting away all the negative aspects of bitcoin and its imitators.

BitMint offers to build, test, and support the system. We will train the community and stand by to solve any operational problems.

Digital money was riding high on the notion of by-passing central banks, so it is a profound irony that it appears to emerge as the ultimate societal tool managed by no others than central banks. Bitcoin success is attributed to its intellectual feat of milking trust from an assembly of communicating strangers, and insuring that mining money will stay difficult. What bitcoin designers failed to see is that the big revolution in bitcoin is the fact that every bitcoin coin has a unique identity. It is not just a number as it is with legacy digital money -- it has a 'digital self', which can be cryptographically hooked, and attached. Bitcoin can be tethered -- and that is the core of its revolution. It is the foundation of smart contracts, and traders anonymity.

We at BitMint realized this advantage quite early, and designed a simpler digital money. In fact the BitMint coin is the mathematically simplest way to fuse value and identity. And it is quantum safe -- ready for the coming era of quantum computing. The unique identity of the BitMint coin allows one to mark it, and limit its use and disposition. No sooner would central banks realize this fact than they would mint their fiat currency the BitMint way; holding on to both ends: issuing money, and redeeming money, while allowing in-between free flow. Free within the nationally designated limits. Large sums will have to carry their chain of custody, poverty-alleviating funds will not work in casinos, educational monetary support will be limited to books and tuition, a health account would work for doctors and medicine. Money will be minted to abide by contractual obligation; money will have an expiration date when it has to surface by a claimant to be exchanged. We are talking about a massive "plumbing operation" to eliminate monetary leakage from the pool of financial justice.

Most dramatically, BitMint digital money will open the road to just taxation -- wealth based, digital presence accounting to prevent off-shore, and 'under the rug' hiding. Quantum safe cryptography assuring just collection. A conceptual revolution in taxation. Today the tax man lays hands on money in motion, so traders move money clandestinely. BitMint digital justice money is taxed per outstanding digital coins regardless of their owner, and regardless where their owner stores them.

So here is the big picture: Identity bearing digital money can be minted to prevent hiding, abuse, misuse; can be given off while insuring its use according to centrally determined guidelines. And on the other end BitMint digital money allows for fair, concealment-voiding taxation, to circulate efficiently from the top heavy to the top needy.

Money is primarily a societal tool. The means to climb to prosperity, and keep people moving and motivated. BitMint digital justice money is pliable in the hands of the legitimate authority, ready to serve the prevailing economic thinking.

BitMint Support for Ad Hoc Messaging Networks

The need for free communication is much greater today when Big Tech monopolizes the news, and the community conversation via 'free' but monitored services are arbitrarily silenced. In rural areas and poor countries millions are left without a vibrant peer to peer communication platform. For both needs the solution technology is well known: ad-hoc messaging networks, with no central hub, no fixed messaging routes and no censorship. It is the same basic idea that powers the Internet: forming a series of 'stepping stones' from transmitter to recipient. Alas, when these stepping stones are individual nodes they need to be incentivized. And hence many ad-hoc connectivity solutions deploy a crypto currency platform. Crypto currencies themselves require peer incentives -- which slows them down. The BitMint solution is to use centrally minted money in micro and nano denominations to remunerate the stepping stone nodes. BitMint money flows the fastest possible, and is hinged on local fiat currencies. Developing areas could be financially primed -- participants are given money tethered to the messaging network use, to get started. BitMint offering centralized digital currency is completely blind to the content of the fueled conversation, which happens ad hoc, securely with no 'Big Brother' to keep dissidents out.

Consultation, Design, Tool-Box

Network Skeleton Security® is a methodology that is based on robust security for a core element of a network. The core -- the skeleton -- will retain its integrity when the surrounding network is compromised. This approach has unique application for payment network. The large sums of money will be kept in the skeleton, so that if the payment network is compromised, only the small accounts are exposed. Particular account of a high load, H, will be partitiioned to a daily traded amount D to be managed in the surrounding network, while the balance (H-D) will be kept in the Security Skeleton®.

If needed the (H-D) large account will be separated to a new small account, D' and the balance H-D-D' remains in the Skeleton Security® so that at any moment the bulk of money in the network is well protected.

As to the skeleton® tools, the most important of them is the hardware secure subnet: a subnet (Skeleton network) of computing centers which accepts only data flow that was decrypted by a physically secure Data Access Box (DAB). Thereby only data that was previously encrypted by a matching DAB will be able to inject into the Skeleton computer any message of meaning. A set of such computers that only accepts decrypted information will form the Skeleton®. The data it holds will be used to rebuild the surrounding network for which the secure network serves as a skeleton.

The practice and the tools are covered by BitMint know how and by a series of BitMint patents (6,823,068 * 8,229,859 * 9,471,906 * 10,395,053 * 10,445,730 * 10,467,522 * 10,523,542 * 10,541,808 * 10,541,954 * 10,594,480 * 10,608,814 )

Can we help you secure your money through the Skeleton?

The Following is an English Translation of a Press Release by the Bank of Shanghai

Shanghai, December 24, 2018

No Cash, No Network, "Pay as You Like" Mobile Payment System

You don't have cash, and the network is down, don't be embarrassed -- Bank of Shanghai (stock code: 601229) offers you an "Upward Pay" option with your mobile phone. Compared to traditional electronic payment methods, Bank of Shanghai built a diversified payment solution based on BitMint, Israel, quantum security and Edge Computing payment technology. Payment is faster, more secure and otherwise more advantageous.

This "upward pay" innovation first reflected in the edge calculation: payment calculation is embedded on the client side, without server participation in the trading process. Payment load is distributed to the mobile phones, reducing the pressure on the server. Second advantage: safety and efficiency: the payment uses a random number security policy. Compared with encryption algorithms, the random number is unpredictable and the processing speed is greatly improved. Third advantage: the payment does not depend on the network: "Upward pay" happens through client to client transfer of random data, based on payer credit credentials. It is not necessary for the network to be involved. The fourth advantage is diversification of terms of payment. Users can set terms according to demand, such as increasing the validity period of payment, limiting payment to specific uses, personal identification, etc., thereby reducing the payment costs and risks in many business scenarios, and improving payment efficiency.

It is hereby announced that the "upward pay" has been put into a small trial scene. Bank of Shanghai selects some customers to carry out a pilot experience, and strives to get more market demand and optimization suggestions from real user feedback. In the next phase, the bank will work with some merchant channels to extend the “upward pay" to more use scenarios.

Industry experts say this "upward pay" heralds the possibility of more development and innovation in future payment methods. From a security point of view, quantum stochastic generators can be used to generate physical random numbers in the future, to eliminate the possibility of hacking into the system, and to significantly increase the speed at which random numbers are generated, to meet the demand for large traffic payments. From the point of view of commercial scene, whether it is merchants, point-to-point payment, international trade and other scenarios, all can take advantage of the "upward pay" diversified characteristics, according to different needs to increase the conditions of payment, and reduce payment processing costs.

Q-Pay (BitMint) Could Mark the Next Sea Change in Finance

DIGFin Hong Kong:

Excerpts:

"DigFin tends to stay away from hype. But this story ticks so many boxes that I think it’s worth highlighting. Could this be the path for banks in China to compete against internet giants? And what does that imply for banks – and regulators – elsewhere? “

“ I do believe, though, that this combination of payments, quantum security and digital assets could mark the beginning of a new wave in fintech innovation.

BitMint (Q-Pay) Coins are:

Coins that could be exchanged peer-to-peer across mobile phones, with no need of an internet connection; or, if the telecom network fell, could be represented as printed-out QR codes that phones could read. And the values would instantly be changed in the parties’ bank accounts.

Coins whose identity is developed not by an algorithm but by “quantum randomness”, reflecting “pure” randomness that leaves no pattern, so that not even a quantum computer could ever use brute force to crack it – unlike crypto-currencies.

Coins that could be traded over a blockchain, if you wished, but are generated and authenticated by a central issuer, be it a bank, or a company, or a government.

Coins that could let China’s commercial banks compete today against Alibaba and Tencent, and global banks tomorrow.