CloudCoin: Liberty, Privacy and Prosperity!

In a cash-based monetary system (such as the US Dollar), we know who the owners of the money are because of something they have in their hand: Cash. However, RAIDA Tech realized that it is possible to identify the owners of a money based on something they know: a unique set of authentication codes.
RAIDA tech developed a "Theory of Perfect Money" which states that monetary systems are information systems and money is data. The three essential ingredients of a monetary system are the same as any information system: Confidentiality, Integrity and Availability.

RAIDA Tech developed a list of the most desirable characteristics of money:

1. No usernames, accounts or logins for people (Instead the money has everything that is needed built right into it).
2. Must be globally scalable (everyone in the world can use it at the same time).
3. Must be free to use without fees - extremely efficient.
4. Must be able to transact day or night all over the world instantly.
5. Must be difficult to steal and recoverable if lost.
6. Data Supremacy: Must be 100% available and fault tolerant to hackers, programming errors, governments, natural disasters, even nuclear wars.
7. Cannot be counterfeited or double spent.
8. Can "crossover" into video games and virtual reality. (Crossover currency)
9. Has a fixed amount so there is never any inflation or deflation of supply. (Note: We have a new theory about the nature of so called "inflation" that links it to causing people to suffer from "logical errors." Also, while the amount of CloudCoin does not increase, it can be made into fractions).

RAIDA Tech achieved all these goals by creating a global data structure based on the DNS that we call the RAIDA (Redundant Array of Independent Detection Agents). The RAIDA has no systemic risk of failure and is much more secure than the Blockchain.

RAIDA Tech's first problem to solve was that of "Data Supremacy." The Blockchain had already solved this problem. But, so has the global DNS system which has 13 root servers located all over the world. We choose to work from the DNS system since it is so efficient, globally scalable and has never gone down since the day it was created in 1985.

The RAIDA was deployed August 2016 and has never gone down. It is made up of 25 Clouds (twice that of the DNS) located all around the world and - like the DNS - controlled by independent administrators. Unlike the Blockchain that allows miners to create new coins, the RAIDA allows its administrators to mine for permanently lost coins: Coins that have not been spent for decades.

Here is how it works:

I have a CloudCoin. The CloudCoin is a file with a serial number and 25 random GUID Authenticity Numbers (passwords). If I want to buy something from you, I will give you my file. Now we both know that passwords. Anyone who knows the passwords can change the passwords. So you go to 25 RAIDA in parallel and change them all. Now, you are the new owner because only you know the passwords.

Because of the speed of light, the system can contact 25 Clouds in parallel all over the world in less than 2 seconds.

Good News!

The CloudCoin Consortium has already been working for years and we have created really good systems and software. We are now ready to start doing advanced development and telling the world. Over the past years the only money that we have spent on our project is CloudCoin itself. Now with this sponsorship page, we have the opportunity to accept donations of dollars so we can use them for marketing and organizing.

Let’s build a more just and vibrant society together, join The CloudCoin Consortium Team by sponsoring! We can change the World Together! https://www.youtube.com/watch?v=srRlszK9C9s&feature=youtu.be