Recent content on Perry Kundert's Blog
R&D engineer with 30+ years designing systems on both sides of the IT/OT boundary: SCADA protocol and RTU firmware controlling continent-wide pipeline infrastructure, and the integration, telemetry and service layers that carry operational data into enterprise systems. Author of cpppo , the Python EtherNet/IP and CIP library used globally as the integration layer between analytics and the plant…
R&D engineer and architect with 30+ years designing systems that must keep working when parts of them fail, and that must be able to explain afterward what they did and why. Now applying that discipline to AI-enabled platforms: designing, deploying and operating production generative-AI services end to end, from model selection and inference-cost engineering through integration, delivery and…
R&D engineer with 30+ years building real-time signal processing and estimation systems that run unattended, in the field, for years. Deep expertise in C++, Python and SIMD; recovering timing and symbol estimates from noisy, multipath channels; and shipping those algorithms into embedded platforms with hard latency and memory budgets. Equally at home at the transducer, in the inner loop, and in…
Gresham's Law says that bad money drives out good: given two monies, people spend the one that is boring or slowly losing value, and keep the one that might appreciate. This is usually taught as a pathology. It is actually a design specification. The money that circulates is always , by revealed preference, the 'bad' money – so the only interesting question is: which bad money is best?
A currency is only as stable as the thing it is anchored to. Fiat money is anchored to policy, and policy drifts. The Alberta Buck (BUCK) is anchored instead to a basket of base commodities – and the value of base commodities is pinned, in the long run, not by anyone's promise but by the crust of the Earth and the laws of thermodynamics. This article explains why such an anchor must be heavy –…
Public money is going digital, and every design on the table pays for the convenience with a ledger its issuer can read, freeze, and mine. Cash resists surveillance, but only by keeping no evidence at all: no proof of payment, no recourse, no trail. This paper presents BUCK Notes, a bearer-payment layer for an identity-aware stablecoin that refuses both defaults. No one can trace payments in…
One Notes.mint transaction takes 1,200 BUCK from Alice and splits it, atomically, into six notes of denominations [1000, 100, 25, 25, 25, 25] – and the public chain learns nothing about who received what. This document walks that example end to end, executably: the SNARK-verified batch mint that folds the note commitments into the on-chain Merkle tree, the off-chain delivery and offline…
For forty years cryptographers have tried to build digital cash and failed. Chaum's DigiCash (1990s) had the mathematics but went bankrupt for want of merchant adoption. Bitcoin gave us digital scarcity but no native bearer-paper form – Casascius coins and BIP-38 paper wallets are aftermarket wrappers, not first-class instruments. Central bank digital currencies threaten the opposite: digital…
R&D engineer with 30+ years building secure, high-performance distributed systems; now focused full-time on blockchain infrastructure. Designed a complete wealth-backed monetary system on Ethereum EVM: ERC-20 tokens with identity-aware transfers, ERC-721 insured-asset NFTs, parametric insurance smart contracts, and a privacy-preserving bearer-note layer built on Groth16 SNARKs over Poseidon Merkle…
The cryptography of the Alberta Buck identity layer names an identity point \( M \in \mathbb{G}_1 \) and binds a transaction; the artifact a human actually holds is a receipt . This document specifies that receipt: a plain-text slip, sized for an 80mm thermal printer, that prints the plain-text Identity of both parties and the transaction details, and embeds – as a wrapped text payload –…
A concrete Ethereum implementation of the Alberta Buck Architecture , in six contracts: BUCK_CREDIT (ERC-721) – one NFT per insured asset, with deterministic depreciation and piecemeal client activation. IdentityRegistry – per-address Pointcheval-Sanders credentials and ElGamal-encrypted identity points, verified on-chain via the BN254 precompiles. Trust anchor for every BUCK transfer. BUCK…
BUCKs accrue a flat 2%/yr linear demurrage on every BUCK in existence, computed at view time and never burned. The accrual splits by account flavour. Non-Carrying accounts (EOAs, user wallets) see balanceOf decline as locked fees grow. Carrying accounts (AMM pools, Notes, the Jubilee fund) keep balanceOf equal to their raw ERC-20 balance and carry the accrued fee out with every transfer; the…
The Alberta Buck identity system ( Identity , Examples ) rests on two cryptographic transformations: the Identity Fountain rerandomizes a Pointcheval-Sanders signature to produce an unlinkable credential, and the approve handshake re-encrypts the credential's ElGamal ciphertext under the counterparty's public key with a Chaum-Pedersen proof of equality. Everything downstream – bilateral transfers,…
This document has two parts. First, a data flow analysis shows where each piece of identity data resides – Ethereum contract storage, Holochain DHT, or local wallet – at each step of the protocol, using mermaid sequence diagrams to trace registration, approval, transfer, and regulatory compliance flows. Second, a complete worked cryptographic example implements every step in Python on the…
Alberta Buck transactions carry provably authentic identity – without exposing it. Every participant holds an ElGamal ciphertext 1 of their identity, backed by a Pointcheval-Sanders rerandomizable signature 2 . A citizen with multiple accounts derives an independent, unlinkable credential for each – rerandomizing the signature offline – yet every credential is verifiable as issued by the same…
In 2000, an economist at the University of Alberta wrote a paper asking a question that nobody could answer. Twenty-five years later, we can. ( PDF , Text ) 'What is required is reform of monetary policy for all nations where money creation is reoriented to the source of the real economy, including natural, human and social capital. How would such a 'natural capital/commodity-based' currency be…
Alberta is one of the wealthiest jurisdictions on Earth. Our farms, homes, energy infrastructure, and natural resources are worth trillions. Yet every dollar circulating in our province was borrowed into existence – and we pay $23 billion a year in interest for the privilege of using money that was created from our own wealth.
Canada's financial sector earns roughly 30% of all after-tax corporate profits while contributing approximately 7% of GDP. 1 Nearly a third of all corporate profits flow to an industry that produces seven cents of every dollar of economic output.
Every year, $23 billion leaves Alberta as interest payments -- nearly $18,500 per family. Banks create this money from Albertan collateral, then charge Albertans to use it for decades. The Alberta Buck proposal asks a simple question: what if you could access the purchasing power locked in your own home, farm, or business – without borrowing?
R&D software engineer with 30+ years securing industrial control systems and critical infrastructure. Deep expertise in SCADA/ICS architecture, OT/IoT security, industrial protocol analysis, cryptographic communications, and embedded systems. Proven track record deploying mission-critical systems protecting $100B+ infrastructure with exceptional reliability (<1 defect/10KLOC). ( PDF , Text )
DeFi protocols like MakerDAO (Sky) validate civilian demand for Claim money – creating purchasing power from owned assets without sale or traditional debt. But their liquidation-based model, relying on overcollateralization and forced asset sales during volatility, replicates the foreclosure dynamic Claim money should prevent.
Engineering disciplines have repeatedly discovered 'missing' fundamental elements – constructs that complete a theoretical framework and unlock vast new capabilities. The inerter in mechanical systems, the memristor in electronics, and the positron in particle physics were each predicted by theoretical symmetry before their practical realization.
The Alberta Buck proposal, as detailed in the provided architecture document , Wealth Coin concept , and Owner Credit prototype , envisions a blockchain-based token system (implemented via Ethereum smart contracts and other technology and prototyped in Python) that enables private wealth owners to issue fungible ERC-20 tokens (BUCKs) backed by attested and insured claims on private wealth,…
Sophisticated economic objections to the Alberta Buck correctly identify catastrophic risks in commodity-backed bonds – procyclical currency mismatch, commodity volatility overwhelming stability benefits, constitutional barriers to provincial currency issuance, and market liquidity problems. These analyses are rigorous and historically grounded.
An Alberta Buck defined in terms of the value of a basket of commodities, and issued based on proof of insured and attested wealth, would dramatically impact private and public debt supply and demand, treasury savings operations, and the supply of broad money presently provided through commercial bank collateralized 'lending' operations.
Albertans hold billions in idle assets they can't spend ( The Missing Monetary Element explains why). The Alberta Buck is an interest-free, asset-backed local credit system that lets Albertans unlock the value of assets they already own – savings, homes, farms, businesses – and spend that value in their communities without selling those assets or taking bank loans.
Inventive and pragmatic R&D engineer with 30+ years of experience architecting high-performance, secure software/hardware systems across fintech, energy, and communications. Deep expertise in C++, Rust, Python, distributed systems, cryptography, and embedded design, and full-stack UI integration. Trusted to lead complex, mission-critical initiatives, prototype future-facing systems, and mentor…
Inventive and pragmatic R&D engineer with 30+ years of experience architecting high-performance, secure software/hardware systems across fintech, energy, and communications. Deep expertise in C++, Rust, Python, distributed systems, cryptography, and embedded design. Trusted to lead complex, mission-critical initiatives, prototype future-facing systems, and mentor engineering teams. ( PDF , Text )
Inventive R&D engineer with 30+ years architecting secure, high-performance software systems across enterprise, fintech, and industrial domains. Creator of the Python crypto-licensing module implementing Ed25519-signed license verification, and python-slip39 implementing cryptocurrency payment integration and secret handling, demonstrating hands-on cryptographic licensing expertise. Deep…
Dominion Research & Development Corp. My software consulting company's website is https://dominionrnd.com
Holo Development From 2018 to about 2023, I worked on the Holo and Holochain projects. I developed some of the early prototypes for the Holo project's HoloFuel cryptocurrency, which is soon to go 'live'.
Times may be getting … interesting, so I thought it important to begin sharing information (PDF) that I've found, with people I care about. For those of you that may be interested in diversifying your savings options, I wanted to send you some information that has been difficult for people to collect. Perhaps it might be useful to you.
We propose that it's possible to build 'Mars Coin' on Holochain (PDF / Text) . Now that lunar and interplanetary expansion appears to be a realistic goal, how will cryptocurrency transactions be affected by the communications time between earth, the moon and other planets in our solar system? It takes between 5 and 20 minutes for one-way communications between Mars and Earth (depending on their…
Can Global Consensus cryptocurrencies be used as money? PDF / Text Bitcoin, Ethereum, etc. have completely different implementations, but share a common idea – that all transactions in their ledgers are agreed to by all participants, simultaneously; that there is a single, agreed-upon global 'state' of the ledger's data at each point in time.
A secure, distributed method for creating dynamically stable monetary systems, where each unit is defined/created by the ownership of real wealth. After another tragic flirtation with central planning, at the beginning of the 21st century the global fiat credit system imploded. PDF / Text
Do I have your attention? ( PDF / Text ) Why Did I Write This? Can The Bible Possibly Be Describing An Ancient Cosmology? In The Beginning, God… Does the Bible say that God created the Earth before the Sun or Stars? Biblical Order of Creation Consistent with Cosmological Observation Staggering Improbability of Accidentally Fine-Tuned Earth Simple Biblical Justification for Genesis 1 Perspective…
Is Superintellect Implied By Physics? This fine-tuning forced Hoyle to conclude a superintellect has monkeyed with physics, as well as with chemistry and biology. Another scientist, Paul Davies, who once promoted atheism, wrote:
A Service Contract has been established. Thank you for establishing a service contract. You can reach us at here .
A quite mathematically detailed and negative critique of Canadian Universal Life Insurance programs. PDF (original) Why this matters Two General Classes of Fees Up-Front Fees: Well Disclosed… Compounding Fees: Not so much… The Key: The 'rule of 72', and ~2%/year Excess Expenses Extra MERs Composite Price versus Total Return Compounding Daily Fees MERs on Professionally Managed Investments The Cost…