Board Thread:Organizations/@comment-6452219-20131210014126/@comment-24285185-20131217220237

Technically as a standard the system would work with the AU having a reserve made up of a supply of whatever substance is used as a standard, but members would exchange Americoin/Ameros bills that have a value based on the reserve. The bigger the reserve supply, the more value the bills have. That way the currency has value and is transferable through any means, including virtual means. We would have to establish a central banking system that would hold the reserve and would distribute dollars.

If you peg the reserve materials to their USD value, then you have a currency that has physical value, virtual value, is transferable by many means, and can easily be converted to US dollars.