The Gresham Account™ is named after Thomas Gresham (1519? - 79), who served as master of the mint during the reign of Queen Elizabeth I. When Queen Elizabeth asked about the advisability of a dual currency situation, his response became known as Gresham's Law: "Bad money drives good money out of the marketplace." Gresham simply meant that people will retain the "good" currency that holds its value against inflation, while dispersing the "bad" currency that does not. Gresham's Law suggests, that people will accept and hold Millennium Dollars™ (MR$).

The Gresham Account™ will perform the tasks implied Gresham's Law. This will be achieved by converting the user's capital from nominal US Dollars (USD) to MR$, thereby preserving the purchasing power of their money for use as a medium of exchange, unit of account and as a store of value. When the user issues a MR$ e-mail in payment of a debt, the Gresham Account™ will convert them back into USD for the less informed; or allow the recipients to hold MR$ as a stored value in their own Gresham Account™.

As a matter of transparency, the Company will regularly reconcile the volume of Millennium Dollars™ outstanding with the book value of the assets backing this private currency. The Company will also disclose the location of these assets, which can then be verified by the financial institutions holding them. The assets will also be marked-to-the-market as required by applicable accounting rules, and then disclosed in the Company's filings with the Securities and Exchange Commission.