My idea for a CashOnly app, separate from all the banking systems, switches, etc. Some questions: do we need a blockchain? do we need to use any existing switches? can we do this without creating a bank? how do we prove that cash was received? how do we do this without using banking terms? is it perhaps a loan management app? how does money move between people?

1. “CashToCash App” App
David Lipschitz
8 February 2021
Latest update 26 April 2022
Copyright David Lipschitz
My Power Station Technology
(Pty) Ltd
Cash
The Cash App
All Deposits are
taken in as Loans
“Debt is cheaper
than capital”
Repayment terms
But people can transact
Repayment with zero
interest over 50 years
But people have safety
knowing that they can trade
Ie buy and sell stuff
Redemption
Redeeming the notes
Secure notes
For specie
Fractional notes and
fractional banking
What is the safest investment that is
the most difficult to steal?
The Battery Bank
All loans / debts are converted into batteries,
which become more valuable as a source of
income until the debt is retired by being
converted into equity or repaid
There is no possibility of inflation and no
possibility of a devaluation in the currency
deposited into the Battery Bank
Specie
Gold and Silver
Crowdfunding
Every depositor
becomes a creditor A long term creditor
Debit bank; credit
loan account
Ie credit
Unearned
Revenue
21EFS 21st Century Energy
Financial System
Process
Receive cash
Ie client / payer pays cash
into a single Safe
Analogy of a ship’s
lock re deposits
Open the gate; receive ship;
close the gate; equalize the
water; open the other gate
Clients pays
suppliers at the
market
Client has the app
Supplier has the app
Market has the app
One must be able (to take deposits
and) do transactions offline
A participant buys a coffee; the
seller requests payment
A participant wants to pay
someone; the seller gives the
buyer the QR code
Money movement
Receive into CashApp Money is in CashApp and
owned to client 1
Client 1 pays supplier 1 Client and supplier are
both in CashApp
Ledger
Do we need a
blockchain?
Encrypted transaction
ledger - who owns what
Private blockchain
Who are the
creditors /
depositors?
What transactions
were done?
Record transactions in Participant
Safe and in our own Blockchain
Call it a ledger
Or journal
Or journals
Or transactions
Is it just a
prepayment
app?
We want the entire world to put
their cash into CashApp
And every customer and every
supplier pay each other and the
funds don’t move
Verification
How to verify
transactions?
Building trust
Ensuring trust
Fees
No deposit fees
? Cash deposit fees?
For verification of
cash deposit?
No bank charges
No interest payments
No transaction fees
How is money made?
Deposits
attract
interest
Or rather
Deposits attract deposit
For depositors benefit
As part of the system
Deposits allow
investments
The investments pay the
interest to those interested
If the cash is in the system, then each
depositor automatically becomes an
investor who can change their world
We try to keep all the cash in
the Cash App System
User Verification Verified cell
phone number
Verified email address
Verified thumb print
or retina scan
2 factor authentication
3D bar code
for payments
Verified login choice
Email + password
Cell number + password
Pin
Critical Path
What is really important
Questions
In the past if I deposited cash into
a bank account what proof did I
have of the deposit?
What if Participant leaves
and comes back?
Open and
closed
accounts
Participant
acquisition
process
Lost password can only
work if we have an email
address or cell number?
Verify email
Verify cell
Verify payment account
But this will link the participant
to the existing system
And Participant
leaving process
Keep savings
or pay out?
Participant Acquisition Process
Receive Participant (person)
Client
Tier?
Incentive
Loyalty
Introductions
But Status only, no
commissions
Gamification
Badges
User
Open Safe
Per Currency
Per Person
AIDA
Awareness
Interest
Influence
Desire
Action
Participant
Transaction
Process
Deposit
Withdrawal
Payment
Receipt
Payments and receipts aren’t
connected to each other
Only the date is
kept, not the time
Interest
(Interested)
Compensation
rather than income
Joint investments
Electricity Utility
Water Utility
Food Utility
Transport Utility
Social Utility
The Battery Bank
Waste Utility
The Jargon of the App
The Safe
Wallet
Purse
Depositor
(Lender) Investor
Creditor
Of the bank
A clearing house
Clearing it up
Legal tender
for all debts
Participant
Everyone must start
with a deposit (loan)
(everyone is a lender)
Member Membership Membership fees
Friendly society
Bank
Why is a bank
called a bank?
Fundamentals
It should be possible to write an app
which is independent of all existing
banks and switches
It should be possible to write an app which is
completely distributed where transactions are
securely recorded on peoples' devices
It should be possible for someone to securely and
conveniently be able to do a "cash" (invisible)
transaction with anyone else, only only have visibility of
who they paid and who paid them
It should be possible to transact without the need
for a banking license, just like a person with cash
doesn't need a banking license
It should be possible to utilise one's own
blockchain to keep transactions secure,
private, and invisible
View
Cash App name already
used by block.xyz
Don't want to use jargon such as
Account, Bank, Deposit, Withdrawal So use the word "loan"
although it's not a
lending app
Find someone who can find a
good name for the app