The Perfect Currency website is dedicated to the creation of a currency standard which will provide both a stable base for commercial transactions and a monetary system which will fully illuminate the process of human and environmental real wealth creation.
The worlds current monetary system is based on a large number of "fiat" (values set by government) currencies, whose values fluctuate widely over time and are not linked concretely to the real wealth creation process. The ultimate illustration of the deficiencies of the fiat currency model is the Bitcoin which embodies all of the failings of traditional fiat currencies plus the added weaknesses of a local currency as well as the unaccountability of the internet. So ephemeral is the Bitcoin that no one knows who even invented it much less the identities of the people behind it or controlling it. The Bitcoin currency is a fiat currency with all accountability and reporting standards removed.
Bitcoin currency is in the process of providing an excellent illustration of the fiat currency life cycle in a very compressed time window. The currency is established by some group, bought into by early adopters, enthusiastic about a new world currency, exploited by speculators and then the Bitcoin "banks" begin to fail. ie they can't meet their obligations. All this in a matter of months whereas it can take decades or even generations for fiat currencies to go through the same cycle.
Sustainable economic and environmental progress require a monetary system which is both stable and comprehensive. It must be impervious to bubble formation and be capable of representing the entire wealth creation process, both human and natural in origin, through one lens.
Environmentalists and everyone dealing with the physical world measure in real physical units, not monetary units. Money was developed to facilitate the trade of disparate real goods across a broad range of distances where direct exchange of goods was impractical. But money has many shortcomings in representing the full real wealth creation process and assets especially over time. Environmentalists have waited patiently for the commercial economics side of the real wealth creation process to develop monetary measurements which will capture the stocks and flows of environmental processes and non-renewable resource assets.
Without such common measurements, no broad based and unified initiatives on our planets many environmental challenges can easily take place. On the industrial and trade side, of the wealth creation process a stable monetary system is critical to planning and investment.
If we wait for commercial economists to develop a unit of measure which clearly represents all processes, we will wait in vain as it is not in the interests of the commercial finance sector to change. It is up to the science community and those responsible for international finance to provide a stable monetary metric which will adequately represent both human and natural processes.