Scriptbill Cryptonote
A Cryptocurrency Systems that is based on Cryptonote technology and uses agreements to ensure transactional data go as expected by the investor.
=== Scriptbill Cryptonote === Contributors: celebpastordon1 Tags: point, credit, loyalty program, engagement, reward, woocommerce rewards, Cryptocurrency, decentralization, custom credit, custom stocks, investment, auto investment, real time dividends, buy and earn, profit sharing, loans, unlimited loans, unlimited investment, one click loan, marketing, marketing strategy, subscription, trading, crediting, credit trading, stock trading, exchange market, bond trading, forex trading, buddypress, woocommerce, mycred Donate link: https://scriptbank.ml/product/buy-scriptbill-bond/ Requires at least: 4.8 Tested up to: 6.1.1 Requires PHP: 5 Stable tag: trunk License: GPLv2 and later License URI: http://www.gnu.org/licenses/gpl-2.0.html Scriptbill Cryptonote Systems is a Decentralized Cryptocurrency System developed for help your business operations in Investment & Marketing. == Description == Scriptbill is a Cryptocurrency based on Cryptonote Technology. Cryptonote Technology is a Cryptocurrency System whose participating Node Uses a Private and Secured Database System to communicate with other nodes in the network. This technology helps Scriptbill to perform many operations in the network that requires intelligence, which may not be possible in other Cryptocurrency networks that doesn't use the Cryptonote Technology. One of the possible tasks that works with the Scriptbill Cryptonote Systems is the Agreement System, which forms the core of all transactions in the Scriptbill network. The Scriptbill network is based on Agreements. Agreements are financial statements made to ensure the positive outcome of a transaction. Agreements are useful transactional tool because we've discovered that all financial transactions are based on agreements. For instance, when you buy a Mercedes car from a dealer, you expect that the car delivered will be exactly what you saw in the advertisement; that expectation of yours is what made you commit your financial resourses into the transaction. If the expectation is not met, we say the agreement is breached. Our current financial systems do not have a sure system of handling agreements, especially without a third party. Involving a thrid party sometimes can be expensive and may raise the cost of the transaction; also, a third party can be manipulated to act not according to the agreement. This has made it natural for any financial stakeholder to watch before making any transaction, leading to the disaster we see today in our economy - Poverty. The root of poverty is the reduction of the flow of financial resources. The financial security systems we have in our economy today only favor those who are rich enough to acquire financial assets and reputation that will make any financial holder to do business with such person. The reason is they feel safer with the rich who has equity that can be held on to when a financial agreement is breached. This structure will keep the poor being poor unless they find a way to break out of the poverty without the help of another person, will they be free to handle financial resource in our economy. Scriptbill has come to solve the issue of poverty with the inclusion of agreements handling in the network. This will help: * Business men sell more remotely; because with agreements, the customer knows that if the goods is not in the same state as it was advertised, the funds in the agreement will automatically reverse to the buyer. * Allow businesses to get investment from the public because they know that investing in the business will always bring them dividends and there is no way the entrepreneur can escape this. * Business can always give out goods on credits with agreement and sell more. With Scriptbill agreements the business can track the client's note that got the credit and retrieve their repayment automatically. * Agreements helps the Auto-Investment Feature in Scriptbills. This Feature helps the mining of Scriptbills by Investing in Business to build and create new products in the Scriptbill Network. Features of the Scriptbill Cryptonote Systems: * Scriptbill is an Automated System. This means the transactions in the network are protected by automated task to ensure trust among financial player. For instance, Subscriptions, Budgets and Agreements in the network are handled automatically based on the information on them. * The Scriptbill Automated feature also help the network to automatically detect a business who needs investment and automatically invest into the business. This feature is called the Auto - Investment feature of Scriptbill. This feature is designed to detect businesses in the Network through the budget created by the business. * The Scriptbill Network is a Crediting System. This means you can spend your credit below the zero level and have a negative value. The system automacy will detect such credits and automatically deduct any income coming into the credit until the zero level is restored. You don't have to visit a bank to access credit when using Scriptbill, just spend your money and if you run out of credit, still spend and buy whatever you want. * The Scriptbill Network is a Budgeting System, which makes players spend their money according to their Budgets. If the note value is lesser than the budget value, the note holder will not be able to use the money until the budget is executed. * The Scriptbill is a network of Private Databases called the Scriptbill Note System. This note holds the Private Keys and Transactional Secrets that makes the owner of the note to be able to create transactional block data into the network. Without the note, there is no way a person can add a transactional block data into the network, so you can only send and recieve money in your transaction when you have a note in the network. The note can't be manipulated and can only be recognized by the network if introduced to the network using a CREATE transaction. Any block introduced to the network without the CREATE transaction is invalid. * The Scriptbill network uses Profit Sharing System as the default transactional behaviour of every transaction connected to the purchase of a products in the system. This is a system of calculating the profit a business makes in the network using the budget data of the product to judge the profit value in every transaction made to the business. This is because Scriptbill believes as a business in the network, your business should be running automatically with the budget in the network, and all your business expenses whould be cleanly stated in the budget. Hence, it's legal enough to calculate the profit that can be shared on every transaction. * The Scriptbill network is also a Tithing System - a System I refer to as the Investment - Sharing System. The Investment - Sharing System is a System where businesses pool financial resources together in an Investment I call Tithing, because it is refered to Tithes In the Holy Scriptures; the resources are then distributed to Businesses that needs them using the Auto-Investment System. This means that as long as Businesses are integrated into Scriptbills ( Scriptbills can only recognise Businesses Using Budgets - No Budgets, even though you are selling Product, Scriptbill does not recognise you as a Business ), Your Business Must Pay Tithes and Pool Resources together by Purchasing Bonds in the exchange Market. When the Auto-Investment runs, it mines new Credit to the network if neccessary to invest to businesses that needs it and acquire Stocks. Scriptbill Stocks do pay Dividend on real time and can't be manipulated. Dividends gathered from these stocks are paid to Bond Holders as Interest. * Scriptbill Transactional Database is anonymous. Scriptbill transactional database is designed not to point to any wallet or note in the network, to improve privacy in the network as financial transactions are always prefered private. Two players in a transaction will communicate using encrypted data. Scriptbill is a Cryptocurrency that is designed for businesses. The currency also uses automated methods to keep the currency exchange value stable. This features will help businesses store value of the currency without fear. Also, Scriptbill can be splitted into different credits that can be defined to be stable, that is based on the value of a particular fiat credit. Businesses who communicates with the fiat community can easily convert their credits into fiat, using the Scriptbill decentralized exchange system to store their financial value. == Installation == To Install, simply download from wordpress repository and activate on your wordpress dashboard. Please ensure the following pugins are installed and activated before activating Scriptbills: Mycred & Woocommerce. Others include Buddypress & BBpress. The reason is because these plugin help to template Scriptbills your wordpress website. Once activate, the plugin will ask you to create a new note for your server, create it and update your settings. == Frequently Asked Questions == How do I start Recieving Investment on My Business website? You can start receiving investment once you create a budget. You can only create one business budget, on one note but can create as many personal and family budgets as you like. To create a business budget, you have to be the admin of the site to access the scriptbill settings page where you can create your budget. How soon will I recieve investment on my business? As soon as your budget is saved and is set to execute in the next one month at least. Scriptbill Mining protocol is to mine new credit as an investment to a particular business budget in the network. So once your budget is created, the auto investment feature runs and invest automatically on your budget. How do I create Stocks for my business? You can only create Scriptbill Stocks using Budgets. Once your budget is created and invested on, the investor recieves a stock note as an indication of investment. How do Scriptbill Stocks recieves interest? It recieves interest when the issuing note increase in value above the value of a budget. The higher the value of the issuing note, the higher the stock. Stocks interest can also be paid per transaction. How do the Scriptbill Profit Sharing Works? The concept of the Scriptbill Profit Sharing is to empower buyers to buy more from the business or/and businesses all around him. So Every business is to set a sharing rate of his product to the database, it is from this sharing rate we deduct the profit. An entrepreneur is to be able to increase the prices of their products to accommodate this. How do Scriptbill Supports Marketing: Through the profit sharing formular and through advertising. Scriptbill helps businesses all over the world to expose their products using the adverts; the Profit Sharing formula == Screenshots == 1. Where you add woocommerce product to your budget 2. Creating a new Scriptbill Credit 3. Creating a new Scriptbill Budget == Changelog == 1.0.0 Scriptbill First Lanch. Scriptbill enters the javascript and start runing normal == Upgrade Notice == Please upgrade to get the lastes version of Scriptbills as they come. Updating will help you fix common errors and bugs that may exist in the previous version.