# Abstract In society's current evolutionary state, currency is not effective without a payment solution. Worldwide differences in technological adoption necessitate a payment solution that functions both with internet-connected devices and in isolated, offline, analog states. There were no concepts of computers, networks, encryption, or decentralized finance when Ludwig Von Mises authored his theories on money and credit in 1912 and in later works. Vertisan still holds up to Mises' Regression Theorem even though there are no physical backing assets. The integrity of the network and its resistance to corruption is what provides the stability of value. Money is any item or medium of exchange that symbolizes perceived value. Fiat money is government-issued currency that is not backed by a physical commodity, but by the stability of the issuing government. Vertisan as a currency is backed by the stability of the underlying network technology Fractal and it's ability to safeguard stored value indefinitely into the future. The value of both fiat currencies and cryptocurrencies is set by supply and demand, as well as people's faith in its worth. Today, the value of most monies and currencies are decided purely by its purchasing power, as dictated by inflation. Vertisan is free from inflation, based upon it's fixed supply and the inability modify any parameters detailed in the Sovereign Entity Protocol. Vertisan serves as both money and currency. Those terms are interlaced, but have different meanings; currency is one form of money. Money refers more broadly to a system of perceived value which allows for the exchange of goods and services. Vertisan provides additional value because it allows the economy to grow as financial transactions can be completed at exponentially greater speeds and with a significantly greater volume. Not against the dollar, euro, yen, or other fiat currencies Believe in individual rights and individual freedom. People being in charge of their own destiny. More economic freedom equals more economic growth. A way for people to conduct business: to buy goods and services privately without being controlled. To have control over their own money. Autonomy. Simple Fast When considering if a global currency is viable, it's notable to quote Ludwig von Mises, "It is impossible to have a money that is only government-made, made by the world government, if it is not once and for all limited in its quantity." The context of that statement supports the notion of a global currency, provided that the supply is fixed and permanently immutable. Quoting Ludwig von Mises, "We must realize that money can operate, it can work, only if we have a system in which the government is prevented from manipulating the value of the money. We need not ask whether it is better to have a money with a higher or lower purchasing power per unit. What we must realize is that we ought not to have a system of money in which the value of the monetary unit is in the hands of the government so that the government can operate, manipulate the money market in the way it wants to." <span style="color: red;">(this section is a work in progress)</span> **Next whitepaper section:** [[02. Vertisan Pillars]]