Left- and Right-handed Money

Left- and right-handed money, also known as chiralkine money, is a technology engineered to enable the exchange of real goods and services without using imaginary stores of value (money) created by banks. It is a means of exchange and unit of account, but it is not a store of value. It works on a different principle than money.

Money works based on the principle of a balance. Left-and right- handed money works on the principle of order. All participants exchanging goods in a chiralkine system are required to perform three different steps in order: create left-and right-handed money (created left-and right-handed money), exchange (spend) created left-and right-handed money (which transforms it into exchanged (spent) left- and right-handed money) and redeem exchanged (spent) left- and right-handed money (which transforms it into redeemed left-and right handed money).

Buyers and Sellers initiate cycles of exchange by agreeing to transfer ownership of things under chiralkine contracts. In so doing they create left- and right-handed money. Once they have done this they can transfer the ownership of other goods and services in one step by exchanging left- and right-handed money, so converting this created left-and right-handed money into exchanged (spent) left- and right- handed money. When, and only when both a Buyer and a Seller have exchanged left- and right-handed money, the exchanged (spent) left- and right-handed money is transformed into redeemed left- and right-handed money, and the contract is concluded. The process ensures that the Buyer sells and the Seller buys in balance with everyone else before the contract is completed. For example, if the Seller is transferring ownership of bread to the Buyer under a contract, the Seller might buy peas from another member of the exchange, and the Buyer might sell oranges to another member of the exchange. The Buyer and Seller have therefore exchanged in balance with everyone else: peas for oranges, each of the same value as bread.

left-and right handed money cycles

In a monetary system, it is possible for one Seller to sell to many Buyers in return for money created by a bank, each Buyer taking on debt. The Seller is under no obligation to buy anything back from each of the Buyers. Eventually the system crashes, because there is no mechanism for ensuring that the newly created money and debt are redeemed. A chiralkine system will not allow this to happen. It ensures that everyone exchanges goods and services in balance.