Kardashev Tokens: Energy Anchored, Rights Based, Entropic Transaction Units

Abstract

Since its inception, money has been on the lookout for a credible intrinsic value. In the quest for Intrinsic value, money has been pegged to cattle, gold, other precious metals and so on. But the pegs haven’t held for long. Presently we are in that phase of economic evolution, where money is imposed by fiat i.e Fiat Money. But Fiat Money has its own pitfalls. Among others, Fiat Money has been unable to solve problems like economic inequality, risk of Hyperinflation, recession cycles etc. Fiat Money also does not have a solution for mankind’s aspiration for the stars. What kind of Money will be used in Extraterrestrial Settlements? In what manner will intra-planetary or inter-stellar trade be conducted?

It is therefore evident that mankind’s rapid technological and cultural evolution cannot be fulfilled by existing money systems. To eliminate the downsides of Fiat Money or gold standard money, and also in the quest for money with ‘Future-enabling’ properties, we shall look into Kardashev Tokens. Firstly we will discuss the reasons why present money regimes lack the wherewithal to support rapid human advancements in technology, and culture. Secondly, the concept of a Kardashev Civilization is examined keeping in mind its economic ramifications. Based on this principle, the notion of Kardashev Tokens is derived. Next, we discuss the various aspects of Kardashev Tokens. Finally we shall conclude by summarizing the salient features of Kardashev Tokens.