Cryptocurrency was developed around 2009 by someone with the alias, Satoshi Nakamoto. He designed a cryptocurrency called Bitcoin which began an evolution in the field of digital currency. Satoshi Nakamoto can theoritcally be an ET and no one can discredit that theory since no one really knows who is Satoshi Nakamoto.

Bitcoin was the first decentralized currency. It is now more centralized with the collection of taxation on it. Cryptocurrencies are a peer-to-peer digital exchange system initially designed for the exchange of currencies between "like-minded" peers. A cryptocurrency is formed by a process called mining which involves verification and validation of information. The real initial intent behind the creation of Bitcoin was to provide monies to all the peers. When Bitcoin was first started, its users could pre-mine 50 bitcoins. This served as a gift or reward to the peers or users.

Many other cryptocurrencies have been created since the development of Bitcoin. With the development of cryptocurrencies, there have been some who have managed to gain enormous benefits, whether via mining or minting rewards while so many others are struggling to just make ends meet. To make good, it would be justifiable to provide basic income, subsidies, or dividends for all global citizens. The basic income should be a monthly amount with a differential based on country residence. For instance, the amount of the basic income, subsidy or dividend would be calculated based on the consideration of a combination of factors such as a percentage based on realized income from both a state and federal natural resource. All the natural resources of Gaia belong to all citizens and as such, the economic benefits should be equally distributed. What better way than as a basic income subsidy or dividend.

Since a cryptocurrency is programmed, it is possible to exclusively create digital monies for a certain peer membership. It is foreseen that there will be a wide gap between those with access to cryptocurrency assets and those without access. Many in the mass population of Gaia are not technologically inclined to program money. If Bitcoin was indeed created by an ET for the purpose of bringing more economic equity to Gaia and several years later, that purpose has not been fulfilled, then the next initiative is a global economic reset. The global economic reset may consist of ... read more.