Perry Kundert's Blog

R&D engineer with 30+ years building real-time signal processing and estimation systems that run unattended, in the field, for years.

R&D engineer with 30+ years building systems where a wrong answer is expensive or dangerous; the last five spent on key management and monetary infrastructure.

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 enter…

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.

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.

A currency is only as stable as the thing it is anchored to.

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.

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.

For forty years cryptographers have tried to build digital cash and failed.

R&D engineer with 30+ years building secure, high-performance distributed systems; now focused full-time on blockchain infrastructure.

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.

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.

BUCKs accrue a flat 2%/yr linear demurrage on every BUCK in existence, computed at view time and never burned.

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

This document has two parts.

Alberta Buck transactions carry provably authentic identity – without exposing it.

In 2000, an economist at the University of Alberta wrote a paper asking a question that nobody could answer.

Alberta is one of the wealthiest jurisdictions on Earth.

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.

R&D software engineer with 30+ years securing industrial control systems and critical infrastructure.

DeFi protocols like MakerDAO (Sky) validate civilian demand for Claim money – creating purchasing power from owned assets without sale or traditional debt.

Engineering disciplines have repeatedly discovered "missing" fundamental elements – constructs that complete a theoretical framework and unlock vast new capabilities.

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 Pytho…

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 iss…

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 m…

Albertans hold billions in idle assets they can't spend (The Missing Monetary Element explains why).

Inventive R&D engineer with 30+ years architecting secure, high-performance software systems across enterprise, fintech, and industrial domains.

Inventive and pragmatic R&D engineer with 30+ years of experience architecting high-performance, secure software/hardware systems across fintech, energy, and communications.

Inventive and pragmatic R&D engineer with 30+ years of experience architecting high-performance, secure software/hardware systems across fintech, energy, and communications.

Holo Development From 2018 to about 2023, I worked on the Holo and Holochain projects.

Dominion Research & Development Corp.

Times may be getting … interesting, so I thought it important to begin sharing information (PDF) that I've found, with people I care about.

We propose that it's possible to build "Mars Coin" on Holochain (PDF/Text).

Can Global Consensus cryptocurrencies be used as money?

A secure, distributed method for creating dynamically stable monetary systems, where each unit is defined/created by the ownership of real wealth.

Do I have your attention?

Is Superintellect Implied By Physics?

A Service Contract has been established.

A quite mathematically detailed and negative critique of Canadian Universal Life Insurance programs.