In the beginning

hi, my name is max, the author of systemaccounting

the idea was conceived while contemplating how money would function if it was circulating directly between its owners through a database rather than among the state-chartered lending companies the public recognized as "banks"

this happened while the economy was forced to absorb a massive failure caused by the government and the financial industry, a perfectly-avoidable event if the government didn't blur accountability between transaction & financial risk

the day was monday, may 11, 2009, late in the evening

the concept appeared in the form of a zero entropy data structure

and expressed financial value to be in a constant state of acceleration (value/sec/sec) between users

who are freely changing its ownership (Δ in ownership/sec)

in a system supplying unmodified scientific feedback to the public

also, the idea of clocking the change in related variables to create differentiable database objects

complemented other thoughts on optimizing equilibrium, not just within markets, but vehicle traffic: all elements in a system must maintain equal acceleration per unit of time

the difference between this new idea and what was occurring in the world at that time invoked a deep sense of loss, shame even

mankind was hamstrung by an incredible amount of inefficiency

the duty of seeing the concept through was mine

the idea was drafted numerous ways, then refined to proceed with legal filings

systemaccounting is but one of many other applications of the technology

at its center, the idea is best described as a 'systemclock', a device measuring how one variable changes with respect to the change in other variables

without giving much consideration to structuring the business, an "accelval technologies institute" llc was formed

and the internet address was purchased



the intent was to store patents within this llc as an intellectual property depository, then license them for different applications as they emerged

the logo designated to represent the llc has served as the sign of my family's house for several centuries

while my ethnicity is rooted mostly in israel, the patrilineal line passes through swedish nobility

the star & mountain symbolize the house of truth & courage


the blog was created and linked to the llcs website to keep interested parties updated

the address is still active today, but it now points to the application's production instance

despite the many new ideas involving math, physics and the science of information, these new ideas would have to wait

ideas are useless if they're not translated into action

with research on the systemclock finished, and legal filings on the way, implementation began

architecting the systemclock's first application in economics involved clocking how the 3 following variables changed with respect to one another as a system: "ownership", "value" and "time"

engineers were paid to build the first version of systemaccounting, and the company formed to operate it was named equilcurrency llc

the website was built to demo the technology for people in legislative and executive government positions

the response across state & federal legislators, executives, and all levels of government was swift indifference

discussing science and technology on its merits proved to have no place among government officials whose success was determined by behaving as the most effective media-circus performer

a final attempt to reason in person with the office staff of a california federal senator was scheduled on monday, june 11, 2011, a day on which the accumulated cost of all these engagements had led to personal poverty

as the minds of all the elected officials were tested to be irretrievably consumed by the siren song of politics, the magnitude of the duty now multiplied by their indifference passed to the public

los angeles was the nearest large city

so drove west until arriving at the ocean after the dead end meeting with the senator's staff

joined immediately when the 2011 protests began

every morning on the north lawn of the los angeles city hall a university tent was set up and maintained so that people who were joining or visiting could enter the movement with some type of formal introduction and training from other participants

taught economics every day, sometimes 3 times a day

in the late afternoon and early evening, a solutions booth was hosted on the south lawn so that people who were supplying, or in search of learning about specific solutions to the problem of economic inefficiency could meet the like-minded

universitytent.jpg solutionstent.jpg

another website previously created to promote systemaccounting through activism,, was adapted to feature an exact definition for the "1%" in the form of a letter that was circulated among the los angeles city board members

the intention was to build consensus around identifying the exact source of the problem and its solution

the letter was also personally accepted by a professor from my alma matter who once served as labor secretary

"i promise to read it on the plane back," he said

plenty of people were encountered who wanted to march in the streets, pump their fists in the air, queue up in front of cameras, and scream their discontent, but few wished to treat economic inefficiency as a technical problem requiring a physical solution

a consensus that the public deserved to have its trust in the free market justified by a scientific standard of accountability & transparency was scant at best

rather than staying focused on the economy, pied pipers appeared from every corner seeking to turn the attention of participants towards criticizing the police, legalizing drugs, and giving credence to an endless host of meaningless political doctrines and youtube-fueled conspiracy theories

media representatives were as consumed with narratives as government representatives were consumed with politics

upon learning of my intention to put an end to the "banking" system, a reporter one day asked if i was a libertarian

"there is no such thing"

her eyes immediately betrayed her displeasure with my response

once it was observed i was saying nothing to confirm the existence of some character she was constructing in her story, the desire to investigate further the motive behind these words was instantly severed

alas, the definition that was to remain the most popular for the 1% was anger

the 1% had to be 'evil' because a 'poorly designed and inefficient' financial system wasn't emotionally gratifying enough

the drunkeness of impassioned tirades coupled with a euphoric race to consume an endless supply of mind-numbing narcotics was permitted to waste the movement's time and dull its force

the greatest price for all this selfish and aimless behavior was that protesters would remain wholly unaware that to strike fear into hearts of bankers, all one had to do was identify 1) how "banks" are born from a growth-limiting legal absurdity, 2) that these firms stand convicted as the true occupiers in the sanctuary of return, and finally 3) how growth may be permanently secured without them

on tuesday, may 1, 2012, a day on which many sought to commemorate and possibly rekindle the protests, an opinion was posted regarding why the movement failed

in short, a moment of hope was wasted on the vain

numerous attempts to communicate with government officials in state, federal and international offices proved futile

attempts to speak with individuals in the private & academic sectors, and in activism, resulted in nothing

started over again on wednesday, july 18, 2012

this time with the conviction that a movement must be defined by its solution, not its complaint

furthermore, limited liability was sworn off as unrealistic

all the companies and websites created from before were either abandoned or archived

no more joining groups, or bothering with those who cling to groups, or showing regard for anything that compromises the mental independence of human beings—the only resource systemaccounting serves and may depend on for its eventual adoption

efforts are now consolidated to sincere person to person discussions about a technology invented to isolate financial risk to those who consume it, and to cause a system to be fully-measurable and accessible to the public

most people who turn to read "establishing public independence from the banking system" continue walking as if they expect the future to support their steps


but every now and again—a passerby will call their expectation to account to test whether or not it has been calibrated to reckon a fundamental & universal physical law, "what is systemaccounting?"

"systemaccounting is a payment app that empowers people to pay one another directly through an accounting system instead of a 'banking' system"

"oh? what's the difference?"


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