A proposal to abolish the printing, the use and - of course - the value of banknotes. This will result in exceptionally ameliorating of State economics, plus in healing the society of a series of problems.

1. gobanknoteless
Imagine:

2. Europe decides:
From Jan the 1st through Dec the 31st
2013, the 500 €, 200 €, 100 €, 50 €, 20€,
10€ and 5€ banknotes cease from
circulating.
Maybe a new 5 € coin is introduced.

3. Then what?
Thereon only credit or debit cards or
internet or mobile banking transactions
are in use, and the very small ones by
coins

4. Results:
1. Total income of each financial entity
taxed. Aim for a real time taxation
system.
2. GDP of total new magnitude and
increased state revenues. Full
transparency of prices everywhere,
additional increase in tax revenue

5. direct effects
(continued)
3. Reduce tax rates - enhance
development.
4. Immediate – Now and not at … 2020 -
correction of current correlations (160%!)
between debt and GDP of the PIGS
States that will directly put them outside
the frame.

6. Indirect effects
(..far more
important)
1. No more money-related violent crime
2. No profit from drug dealing, person
trafficking, gun smuggling, abductions,
extortion, bribing, or illegal immigration!
3. No more risk of robberies, burglaries,
thefts, kidnappings, etc., as well as
bribery, corruption, blackmail, etc.

7. Difference from
other proposals :
it does not merely prohibit or discourage
use of cash – apparently banknotes – in
trade of a certain magnitude. It
eliminates it!

8. MATURITY:
Now it is possible. M-pesa in Kenya,
Paga in Nigeria, Google wallet and a
plenty of apps .
Non immediately tangible and portable
values’ (bonds, cadastre) systems are
used.

9. The Europe case
European Union surpasses any other
territory in terms of ICT infrastructure,
digital literacy, living standards, common
sense for action and innovative steps.
Due to all these it is obviously in better
position. Euro zone will additionally solve
at the most gentle and civilized way the
illegal immigration problem.

10. use of coins
for newspaper, bread, Candle Stands,
charity, etc
The use of coins retains the existing and
well rooted relationship of Christians with
the candle lit, and does not trigger any
justified formal reaction

11. OPPOSING:
Organized crime.
Tax fraudsters.

12. worries /
objections
Surveillance and personal data
concerns is responded by the fact that
blind digital signatures have quite a few
years ago resolved the matter.
Secrecy and safety of our passwords is
also widely affirmed and well accepted.

13. Some numbers
Total Euro coin quantity sums 23,073 M€
with the 5euro banknotes summing 7,700
M€ (in a 888,600 M€ of total euro
banknotes). This further corresponds to
103 € per person for each one of the 300
millions economically active Euro zone
citizens, well beyond weekly needs.

14. systemic remark:
Does not affect the capitalist system.
It can be applied in the framework of
the existing system as is.

15. nature of the
proposal
This proposal must be considered as a
purely technical one and only as a
tool that does not address the
political side issues.
It also adds exceptionally increased
liquidity for banks !

16. Physical / logical
explanation:
The information about the value on each
banknote designates the given fraction of the
total money as the property of the bearer.

17. Now we have the
possibility, (through
ICT) to achieve THE
change:
Abandon the recording of this information
on paper that is handed from one person to
another, and replace it with the remote
transfer of the information of ownership
simply between the accounts of these two
individuals.

18. What to do:
we must persuade European
governments at least to examine and
eventually adopt the proposed system.

19. communication
All remarks and discussion to be
posted at
gobanknoteless.wordpress.com

20. You may say I'm a
dreamer, but
….am I the only one?