# Introduction

There are some areas of human activity, society and technology that seem to be moving at the speed of light.  Music and movies beam out of satellites, in some places people can vote for public office using just their phones, and self-driving electric cars roll through our streets without even the slightest touch to the steering wheel.  But not everything has changed, and innovation benefits do not reach everyone quickly.

&#x20;

Money is such an example.

&#x20;

Although the way money is transferred, stored and reported has changed in the past decades, the nature of money remains unchanged.  The most recent material changes to the U.S. Dollar happened in the summer of 1971, when President Nixon decoupled the U.S. Dollar from the asset that was used to back it - namely gold. All we have done since then is to build technology to enhance the speed and efficiency on money movement (what many refer to as ‘rails’ or ‘payment rails’), nevertheless nothing has been done to improve the essence of the money itself.

&#x20;

“By a continuing process of inflation, governments can confiscate secretly and unobserved, an important part of the wealth of their citizens.  The process engages all the hidden forces of economic law on the side of destruction and does it in a manner which not one man in a million is able to diagnose.”  This quote is excerpted from Keynes’s book, ‘The Economic Consequences of the Peace’, and in it, he attributes the statement to Lenin. (3)

&#x20;

As a result, fiat currencies of today maintain flaws they have had for centuries: They all face the same fate. Every currency introduced throughout history has reached their intrinsic valuation given enough time - zero. (4) They allow for manipulation on the part of foreign and domestic governments and they can be easily confiscated and stolen.  Many people have no recourse to their loss of purchasing power in fiat currency.

&#x20;

Today, 2 billion people are using a currency that has lost at least 10% of its value against the U.S. dollar just in 2018.  Citizens of Venezuela and Sudan, to Turkey, Brazil and India, are able store some of their savings in U.S. Dollar denominated accounts, or in other stronger currencies, do so in any manner available to them.  This is done to protect themselves and their families from the loss of purchasing power and, in some cases, financial ruin.

&#x20;

The real problem with money is the way it is defined.  In our modern world, we define money as debt.  It can only be borrowed into existence and the interest is payable to someone. We have all been convinced that this is the only way.  It is not.  Money is nothing more than an agreement amongst people.  Money is represented by a commodity, instead of debt.(5)



The concept of creating ‘Sound Money’ by way of a digital asset that is substantiated\* by diamonds was the premise behind developing the DBK Coin.  The DBK Coin is a cryptographically-registered digital asset that contains the functional utilities of digital and fiat currency.  It is a medium of exchange, a store-of-value and a unit of account.  It can be sent and received in seconds with no risk of it being retained or confiscated.

&#x20;

&#x20;As a Stableprice payment coin, DBKs function as an ERC-20 smart contract, as well as on a closed-loop payments platform called DiamondBack Express with established cryptocurrency exchanges and trading platforms.  The DiamondBack  Group  will continue to pursue partnerships and projects that will expand the usability of DBK Coin through DiamondBack Express, other membership groups and other sources.

&#x20;

&#x20;

DBK Coin serves as a ‘transactability bridge’ between traditional fiat-based payments and emergent Blockchain based systems.  DBK Coin may provide people with a safe, stable alternative to fiat currencies that lose value over time.  It also provides an alternative to both PoW and PoS cryptocurrencies, which are even more volatile than most fiat currencies.

&#x20;

_**The DBK Coin is a Stableprice payment coin designed to retain value in comparison to the U.S. Dollar and uses real natural diamonds to substantiate\* the model.  Each DBK will always cost 1 USD for as long as the dollar exists.  DBK is designed to maintain its purchasing power over time, thus making it inflation-proof.**_

&#x20;

3 http[s://www.goodreads.com/work/quotes/2919954-the-economic-consequences-of-the-peace](http://www.goodreads.com/work/quotes/2919954-the-economic-consequences-of-the-peace)

4 [http://www.goldtelegraph.com/paper-money-eventually-returns-to-its-intrinsic-value-zero/](http://www.goldtelegraph.com/paper-money-eventually-returns-to-its-intrinsic-value-zero/)

5 [https://economicsandliberty.wordpress.com/wha](https://economicsandliberty.wordpress.com/what-is-money/)[t-](https://economicsandliberty.wordpress.com/what-is-money/)is[-money](https://economicsandliberty.wordpress.com/what-is-money/)[/](https://economicsandliberty.wordpress.com/what-is-money/)

\* The term investment-grade does not constitute any relationship to an investment but references only to a class of top-quality stones traditionally accepted as most valuable.

\
