# Velocity Prosperity (VP2.0) > A velocity currency: a digital currency that rewards spending, charges a fee on money left idle, and sends the fees back out as rewards and pay for work. Gavin Robert McGowen · interstellarblends.com. This site describes a patent application. It offers no token, security or investment. Canonical: https://velocityprosperity.com/ A patent application A velocity currency: a digital currency that rewards spending, charges a fee on money left idle, and sends the fees back out as rewards and pay for work. [Enter](https://velocityprosperity.com/#opening) - All 15 pages The idea ## Money that moves earns a reward. Money that sits pays a fee. ## The scalpel - Spending is money times its speed, the speed Fisher called “the velocity of circulation, or rapidity of turnover”. - Money that sits does no work: “In depression times, the average dollar circulates only about a third as fast as usual”. - The central bank works the quantity: its purchases of Treasury bills “increase the size of the Fed’s balance sheet and the amount of reserves in the banking system”. - VP2.0 works the speed, which makes it a velocity currency: claim 2 is a network “configured to perform autonomous velocity-governing operations”. - Idle money pays a stated “holding fee”, spending earns a “spending reward”, and the fees go back out as rewards and pay for work. ## In plain words Money does its work when it moves. Each time a dollar is spent, it is income for the person paid, who can spend it again. VP2.0 is a velocity currency: a digital currency, described in a patent application, that charges a small, stated fee on money left sitting, rewards money that is spent, and puts the fees back to work. [What VP2.0 adds](https://velocityprosperity.com/what-it-adds/) [Why speed matters](https://velocityprosperity.com/velocity/) *The VP2.0 coin: VP in Cinzel capitals at the center of five turning dials, a lattice of golden spirals and four rings of microtext and lettering reading Velocity Prosperity VP2.0, inside a gold rim and a ring of light in eight segments, with ripples spreading over dark water to light a network of points* How to read it ## 15 pages, in order 1. **Read in order.** Each page ends with Next, and Prior goes back a page. 2. **Go anywhere.** The menu at the top, lists every page; the arrow at the top of a page brings you back here. 3. **Choose the depth.** Scalpel gives the exact words and their sources; Plain gives the same in plain words. 4. **Check any quotation.** Every quotation is in quotation marks, and where it stands opens at the foot of its page. [Begin with No. 01, Velocity](https://velocityprosperity.com/velocity/) Beyond the stamp ## What VP2.0 adds to the stamp of 1932 01 ### It pays the spender Fisher called his stamp “more like a tax on hoarding than a sales tax”. VP2.0 keeps the charge and adds “a spending reward”. 02 ### It collects itself No “stamps purchased at a post office”: the fee is “periodically deducted from an unspent wallet balance”. 03 ### It tunes itself, inside set limits Not one price set once: each rate may move, but only under “an authorized transition rule”, and the transaction fee only within a range that in the example runs “from approximately 0.5% to approximately 2%”. 04 ### Each added vote costs more Holders decide, and votes cost “a square of the number of votes cast”: on one ballot, 100 times the tokens buys 10 times the votes. [Stamp scrip and VP2.0, side by side](https://velocityprosperity.com/what-it-adds/) The speed of money ## One dollar, many hands *One dollar passing from hand to hand around eight people* ### One month · the same $100 $217 paid to the people it passes, at **2.17** turns a month - A slump 0.72 a month - Normal times 2.17 a month - Stamp scrip 8.67 a month - Wörgl, 1932 20 a month - Fisher, 1933: in a depression the average dollar circulates “only about a third as fast as usual”. - Fisher, 1933: stamp scrip at twice a week is “four times the speed of an average dollar in normal times”, so the average dollar turns once every two weeks. - Fisher, 1933: “the average scrip certificate will be unloaded twice a week”. - The mayor of Wörgl: the first wages paid “returned to the city 20 times a month”. Each turn is a payment to someone. Choose a speed: the money stays the same; what it pays does not. Who wins ## It pays the people who keep money moving The shopper ### A reward on each purchase Each purchase earns “a spending reward”, credited to the person who spent. The shop ### The sale, and the one after The fund’s pay comes back as sales: its recipient “may spend the received value with a merchant participant”. The worker ### Paid from the fund The fund “may pay an eligible worker or other approved recipient for an eligible activity”. The saver ### Savings can be locked out of the fee A locked balance “may, for example, be exempted from a holding-fee mechanism”. The community ### Nine-tenths of the fund, in FIG. 26 “approximately ninety percent” of what the fund receives goes to societal initiatives, which “may fund a job-creation program”. Every voter ### Each added vote costs more than the last Votes cost “a square of the number of votes cast”, which “may reduce a marginal influence gained by a single token holder”. Who pays Every purchase pays a small fee, and money left idle pays a holding fee of “a portion of the unspent balance”: the more that sits, the more it pays. [Who it pays, and why](https://velocityprosperity.com/what-it-adds/) Two levers ## Two ways to raise spending More money ### The quantity When the Federal Reserve buys Treasury bills, the money it pays becomes reserves in the banking system. > “These RMPs—which increase the size of the Fed’s balance sheet and the amount of reserves in the banking system—would consist of Treasury bills” > — [Federal Reserve Bank of New York, 2026](https://tellerwindow.newyorkfed.org/2026/03/31/the-implementation-of-reserve-management-purchases-to-maintain-ample-reserves/) > “inflation at the rate of 2 percent” > — [Federal Open Market Committee, 2025](https://www.federalreserve.gov/monetarypolicy/monetary-policy-strategy-tools-and-communications-statement-on-longer-run-goals-monetary-policy-strategy-2025.htm) Faster money ### The speed VP2.0 charges money that sits and rewards money that moves, to have the same money spent more often. > “An illustrative, non-limiting holding-fee rate may fall within a range of approximately 0.5% to 2% of the unspent balance per interval, while an illustrative, non-limiting spending-reward rate credited to a network participant 110 responsive to a transaction may fall within a range of approximately 5% to 10% of the transaction value.” > — VP2.0 specification > “A distributed digital-currency ledger network configured to perform autonomous velocity-governing operations, the network comprising:” > — VP2.0 · Claim 2 [How much of the government's borrowing the central bank's purchases covered in 2026, at The Clause 5 Loop](https://clause5loop.com/costs/) The mechanism ## The loop *The eight steps as one loop: step 8 returns value to step 1* A purchase pays a fee, the fee funds rewards and work, idle money pays a holding fee, and the worker spends the pay, which starts the loop again. [The eight steps](https://velocityprosperity.com/how-it-works/) The history ## Where it comes from 1. **1916** Gesell 2. **1932** Wörgl 3. **1932** Hawarden 4. **1932** Foster 5. **1933** Fisher 6. **1936** Keynes 7. **2025** VP2.0 > “The idea behind stamped money is sound.” > — [Keynes, The General Theory (1936), ch. 23](https://www.marxists.org/reference/subject/economics/keynes/general-theory/ch23.htm) [The economists behind the stamp](https://velocityprosperity.com/lineage/) Under fire ## The hardest questions, answered - [The economist Doesn’t faster money just raise prices?](https://velocityprosperity.com/hard-questions/#q1) - [The economist Won’t people just move to other money?](https://velocityprosperity.com/hard-questions/#q2) - [The lawyer Didn’t governments shut stamp scrip down?](https://velocityprosperity.com/hard-questions/#q4) - [The engineer What stops the AI from drifting or going rogue?](https://velocityprosperity.com/hard-questions/#q6) - [The cryptographer Won’t quantum computers break it?](https://velocityprosperity.com/hard-questions/#q9) - [The skeptic Won’t insiders drain or capture the fund?](https://velocityprosperity.com/hard-questions/#q12) [All 14 questions](https://velocityprosperity.com/hard-questions/) The pages ## Everything, in order 1. [01 Velocity Spending is money times its speed. VP2.0 is built to raise the speed, not the quantity.](https://velocityprosperity.com/velocity/) 2. [02 What VP2.0 adds The stamp scrips of 1932 charged money as it sat or as it passed. VP2.0 also pays the spender, collects and tunes its own fees, and makes each added vote cost more.](https://velocityprosperity.com/what-it-adds/) 3. [03 A charge you can see Inflation charges every holder of money and sends no bill. VP2.0 states its charge in advance.](https://velocityprosperity.com/the-charge/) 4. [04 How it works A purchase pays a fee, the fee funds rewards and work, and the worker spends the pay, which starts the loop again.](https://velocityprosperity.com/how-it-works/) 5. [05 The engine Moving or still, money in a wallet pays in; the fund pays out only above its floor; and what it pays out comes back around.](https://velocityprosperity.com/engine/) 6. [06 Where a fee goes About a dollar on a $100 purchase, split among rewards, operations and a fund that pays for work.](https://velocityprosperity.com/fees/) 7. [07 The control loop No central administrator sets the fee: the network measures itself, bounds each change, and switches together.](https://velocityprosperity.com/control-loop/) 8. [08 Who decides Holders vote, and each added vote costs more than the one before.](https://velocityprosperity.com/governance/) 9. [09 Safeguards Signed against quantum attack, screened by jurisdiction, private by proof.](https://velocityprosperity.com/safeguards/) 10. [10 Where it comes from A charge on idle money, from Gesell to Wörgl to a ledger.](https://velocityprosperity.com/lineage/) 11. [11 The drawings The application’s drawings, each in the specification’s own words.](https://velocityprosperity.com/drawings/) 12. [12 The claims Twenty claims; claims 1, 2, 19 and 20 stand on their own.](https://velocityprosperity.com/claims/) 13. [13 Hard questions Each attack in its strongest form, and the answer in the application’s own words.](https://velocityprosperity.com/hard-questions/) 14. [14 Questions Plain answers, each tied to its source.](https://velocityprosperity.com/questions/) 15. [15 Sources Every quotation, read at its source word for word.](https://velocityprosperity.com/sources/) The question ## What is VP2.0? A velocity currency described in a patent application by Gavin Robert McGowen: spending earns a reward, an unspent balance pays a holding fee at a set interval, and a fund built from the fees pays for work and other approved initiatives. **The sources in full every quotation on this page, where it stands** > “Continuing the illustrative eight-operation economic cycle, a network participant 110 may transfer value to a merchant participant, a transaction fee may be deducted and directed to economic-stimulation fund 400, economic-stimulation fund 400 may allocate a portion of the received fee to a rewards pool, the rewards pool may credit a spending reward to the transacting network participant 110, a holding fee may be periodically deducted from an unspent wallet balance and directed to economic-stimulation fund 400, economic-stimulation fund 400 may allocate a further portion to reinvestment and participation support 170, reinvestment and participation support 170 may pay an eligible worker or other approved recipient for an eligible activity, and the recipient may spend the received value with a merchant participant, thereby returning transaction-derived value to transaction activity and circulation 120.” > — VP2.0 specification > “A distributed digital-currency ledger network configured to perform autonomous velocity-governing operations, the network comprising:” > — VP2.0 · Claim 2 How it is read claim 2 names the network by what it governs, its velocity: it is “configured to perform autonomous velocity-governing operations”. A velocity currency, in this site’s words, is a currency governed by the speed of its money rather than by its quantity. > “The important magnitude, called the velocity of circulation, or rapidity of turnover, is simply the quotient obtained by dividing the total money payments for goods in the course of a year by the average amount of money in circulation by which those payments are effected.” > — [Fisher, The Purchasing Power of Money (2d ed. 1922), ch. II](https://www.econlib.org/library/YPDBooks/Fisher/fshPPM2.html) How it is read Fisher defines velocity as a year’s money payments divided by the money in circulation; so the payments equal the money times its velocity. > “In depression times, the average dollar circulates only about a third as fast as usual so that a turnover of twice a week becomes twelve times the depression average for conventional money.” > — [Fisher, Stamp Scrip (1933), ch. III](https://userpage.fu-berlin.de/~roehrigw/fisher/stamp3.html) How it is read a payment is a dollar changing hands, so a dollar that is not spent makes no payment. > “These RMPs—which increase the size of the Fed’s balance sheet and the amount of reserves in the banking system—would consist of Treasury bills and, if needed, other Treasury securities with remaining maturities of three years or less.” > — [Federal Reserve Bank of New York, The Teller Window (Mar. 31, 2026)](https://tellerwindow.newyorkfed.org/2026/03/31/the-implementation-of-reserve-management-purchases-to-maintain-ample-reserves/) > “Increase the System Open Market Account holdings of securities through purchases of Treasury bills and, if needed, other Treasury securities with remaining maturities of 3 years or less to maintain an ample level of reserves.” > — [FOMC, Implementation Note issued December 10, 2025 (the directive)](https://federalreserve.gov/newsevents/pressreleases/monetary20251210a1.htm) > “The equation of exchange is simply the sum of the equations involved in all individual exchanges in a year.” > — [Fisher, The Purchasing Power of Money (2d ed. 1922), ch. II](https://www.econlib.org/library/YPDBooks/Fisher/fshPPM2.html) How it is read each exchange in Fisher’s equation has a payer and a payee; the payee’s receipt is the payer’s spending. > “AI-Driven and Quantum-Resistant Digital Currency Ecosystem with Decentralized Governance and Economic Stimulation CROSS-REFERENCE TO RELATED APPLICATIONS This application is a continuation-in-part and claims the benefit of U.S. Application Serial No. 19/170,008, filed April 3, 2025 by Gavin Robert McGowen and titled “System and Method for an AI-Driven, Quantum-Resistant Digital Currency Ecosystem with Decentralized Governance and Economic Stimulation,” which application claims the benefit of U.S. Provisional Application Serial No. 63/779,204, filed Mar. 27, 2025 by Gavin Robert McGowen and titled “System and Method for Economic Stimulation via Self-Sustaining Digital Currency with Spending Rewards, Holdings Fees, and Job Creation Funding.” The entire contents of each of the foregoing applications, including any appendices, are incorporated herein by reference.” > — VP2.0 specification > “Thus, the stamp is more like a tax on hoarding than a sales tax.” > — [Fisher, Stamp Scrip (1933), ch. III](https://userpage.fu-berlin.de/~roehrigw/fisher/stamp3.html) > “According to this proposal currency notes (though it would clearly need to apply as well to some forms at least of bank-money) would only retain their value by being stamped each month, like an insurance card, with stamps purchased at a post office.” > — [Keynes, The General Theory (1936), ch. 23, § VI](https://www.marxists.org/reference/subject/economics/keynes/general-theory/ch23.htm) > “The spending reward, the holding fee, and the transaction fee, and/or the allocations derived therefrom, may be (e.g., each) fixed, may be adjusted through a governance authorization committed by DAO governance module 300, and/or may be adjusted through a parameter-state update generated by AI-driven dynamic adjustment mechanism 101 and constrained by bounded-transition processing module 270.” > — VP2.0 specification > “a parameter-transition control mechanism configured to constrain the parameter-state update according to an authorized transition rule;” > — VP2.0 · Claim 2 > “The authorized range applied to dynamic fee 1300 may, for example, extend from approximately 0.5% to approximately 2% of a transaction amount.” > — VP2.0 specification > “the nonlinear function is equal to a square of the number of votes cast in the vote; the governance subsystem is configured to determine that the proposal has passed responsive to a participation rate meeting or exceeding a governance quorum and a total number of yes votes exceeding a total number of no votes; and” > — VP2.0 · Claim 10 How it is read on one ballot, if n votes cost n² tokens, then t tokens buy √t votes, and √100 = 10. > “At the very least, the average scrip certificate will be unloaded twice a week - a speed that is four times the speed of an average dollar in normal times.” > — [Fisher, Stamp Scrip (1933), ch. III](https://userpage.fu-berlin.de/~roehrigw/fisher/stamp3.html) How it is read twice a week is four times the normal speed, so the normal speed is once in two weeks: 26 turns a year. > “As to the rate of turnover, the mayor reports that the amount of the first wages paid has returned to the city 20 times a month.” > — [Fisher, Stamp Scrip (1933), ch. IV](https://userpage.fu-berlin.de/~roehrigw/fisher/stamp4.html) > “In a savings-tier configuration of that embodiment, a locked value amount may, for example, be exempted from a holding-fee mechanism described above and may be associated with a principal-protection condition, together with a return calculated at a rate lower than a return associated with an investment-tier configuration.” > — VP2.0 specification > “A fourth share allocated to societal initiatives 3708 may, for example, equal approximately ninety percent of an amount received by economic-stimulation fund 400 in the same illustrative configuration.” > — VP2.0 specification > “Societal initiatives 3708 may fund a job-creation program using an amount received from economic-stimulation fund 400.” > — VP2.0 specification > “Determining a token cost as a nonlinear function of a number of votes cast may reduce a marginal influence gained by a single token holder casting an increasing number of votes on a recorded proposal.” > — VP2.0 specification > “The holding-fee mechanism may, for example, periodically deduct a portion of the unspent balance at a defined interval, such as a monthly interval.” > — VP2.0 specification How it is read a fee that is a share of a balance grows in step with the balance.