Sovereignty
Leaving the euro
France sets her own rule. No longer a council in which she is only one voice. The digital franc succeeds the euro after we leave the Union.
Economy
Money
The digital franc.
A sovereign state cryptocurrency: discipline against devaluation, privacy by cryptography, seigniorage returned to the citizens. Neither the euro nor the digital yuan.
Doctrine
Money as a common good, not as a lever.
The euro, by its supranational management and its discretionary creation, has eroded purchasing power. China's e-CNY privileges control. The digital franc restores three imperatives one pretends are incompatible: a rule against devaluation, the secrecy of payments, national sovereignty.
The Emperor does not print. An algorithm, public, bounded by real GDP and an inflation close to zero, creates what must be created. Neither the Treasury, nor a bank, nor a committee in Frankfurt.
Discipline
Full reserves
Banks lend only real savings. No more money created with a stroke of the pen. The Chicago Plan, Fisher*, Friedman*.
Privacy
Anonymity by default
Zero-knowledge proofs. Neither the State nor the shopkeeper reconstructs your day. A fiscal proof exists only on a judicial warrant.
Seigniorage
The yield to the citizens
Up to 200,000 FRF in staking, 2 % a year. Foreigners may hold. Only the French and fiscal residents receive the monetary creation.
Technique
Anonymous to the neighbour. Auditable to the judge. Never to the planner.
Proof of Stake
No Proof of Work. Validators drawn by stake, slashing in case of betrayal. Any citizen may validate above a minimum stake. Blocks every two seconds.
Cryptographic anonymity
Ring signatures, stealth addresses, zero-knowledge proofs. Amounts, sender and recipient masked from any unauthorised third party.
Layer 2
Rollups and sidechains for several thousand transactions a second, at a derisory cost. A peer-to-peer architecture, without Visa or Mastercard.
Open source
Audited code. Updates voted by the validators, weighted by stake, and confirmed by the state authority to avoid harmful forks.
Wallets
Mobile or hardware. Multifactor authentication, a mnemonic phrase. Designed for those who have never touched a cryptocurrency.
Bridges and banks
APIs to private banks. Bridges to Bitcoin and Ethereum through DEXs. Foreigners hold with the same confidentiality — a Swiss franc of the twenty-first century.
Banks
100 % reserves. Credit becomes savings again.
Today the banks keep about 1 % of deposits with the ECB. The rest they lend — and in lending they create scriptural money. Expansion in times of optimism, contraction in the runs. 1929, 2008: the same mechanism.
The franc imposes full reserves on every sight deposit. A bank lends only what has been entrusted to it for that purpose: term savings, bonds, own funds. No more money born of an entry.
Speculative loans thin out of themselves. Productive projects remain. The rate of interest becomes again the price of real savings — Hayek*, not a committee.
What the bank may lend
- — Term deposits, paid according to duration.
- — Issues of bonds or bank shares.
- — Own funds.
- — Never current accounts. Available at any moment, guaranteed at 100 %. No run is possible.
Seigniorage
Your staking
A cap of 200 000 FRF per French citizen or fiscal resident. A fixed rate of 2 % a year, paid by monetary creation. Foreigners hold. They do not receive.
Rate
Yearly
2 %
Yield
A year
400 FRF
Compound
Over 10 years
4 380 FRF
Comparison
Four currencies.
| Euro | e-CNY | Bitcoin | Franc | |
|---|---|---|---|---|
| Monetary creation | Discretionary, ECB | The State, without a moral limit | Halving, 21 million | GDP algorithm + capped staking |
| Privacy | Traceable, freeze possible | Mass surveillance | Pseudonymous | Anonymous by default |
| Banks | Reserves ~1 % | State bank | Outside the system | 100 % reserves at sight |
| Seigniorage | Banks and states | The Party | Miners | Citizens, 200,000 FRF max |
| Consensus | A committee | A decree | PoW | PoS + a published rule |
Justice
Banking secrecy. The presumption of innocence.
Daily payments leave no readable trace. Not even for the State. No master key of the taxman on every loaf. On a reasoned judicial warrant, the wallet produces a zero-knowledge proof: the flows are consistent with declared income — or they are not. The proof is unforgeable. The presumption of innocence remains entire: no automatic freeze, no restriction of staking without a final judgment.
Grave crimes belong to the inquiry, not to the protocol. Private property is constitutionally inviolable, including in a geopolitical crisis.
Foreign flows: an asymmetric tax credit. If Cyprus has taxed at 15 %, France takes the gap up to the national rate. If the foreign country has taxed harder, there is no further levy. The same law for all. No privilege for 'job creators'.
Transition
Four months. Not ten years.
01
Double circulation
Four months. The euro and the franc coexist. Notes are exchanged. Massive public help for the elderly.
02
Sole legal tender
Thereafter, physical cash loses all legal tender. France becomes a 100 % digital economy. A deliberate firmness: the end of a bloated informal sector.
03
A floating parity
Defended by the foreign-exchange reserves and by the intrinsic discipline of the system. Private property constitutionally inviolable: no freeze, no seizure.
Next
The rest of the regime follows the same rule.
A single tax, corporation tax at zero, crypto KYC abolished for currencies that are not the franc. Money is not an islet. It is the architecture.