Community Currencies and the Need for More Altcoins
summary
Claim: community currencies win when monetary policy is built into the token. Presents chorus protocol as a tool that mints semi‑stable coins backed by Bitcoin, lets a fixed governance token be locked into a contract to create a cheap, spendable currency, and uses programmed inflation to pay users, subsidize usage, and fund devs and security. Illustrates debt‑money with the 10 people × 10 coins → 110 rounds example and links live demo at chorus.tellor.org.
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chapters (12)
- 0:00Introduction
- 2:10Purpose of Different Currencies
- 3:52History of Different Currencies
- 5:28Why isnt this a thing
- 8:49The 11 Rounds
- 12:06Inflation
- 14:43Inflation as Tax
- 16:21Bitcoin
- 18:33Freeriders
- 20:19Why not Bitcoin
- 20:55Stablecoins
- 21:29Conclusion
