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Today we do PulseChain therapy spaces episode 2
Do you have things to get of your chest
Are you wrecked ?
Are you having issues at home and need people to talk about ?
Well make sure you tune in
Set a reminder for my upcoming Space! twitter.com/i/spaces/1wxWj…
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@CRYPTOGRFX Get the the $vault team. They will have lending options of 3’rd party tokens
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If we were to create a Global Currency that was intrinsically productive in any market condition on the Blockchain, what are the key pillars for what need to be accounted for? I'm using $TORUS and $UNITY as the base line mechanics for this which you can find at docs.torus .win. I've also written a full research paper on them and have some ideas for how to adapt it on the global level.
So far, it needs to have:
- the ability to borrow against during locked productivity to allow for the benefit of expansion that credit brings by borrowing from future productivity, and if not repaid on time there is no net loss due to auctions getting the base+rewards
- needs to have an internal oscillation of supply emission and difficulty to compensate for contractionary economic phases and prevent deflationary spirals like gold has had
- either needs its own blockchain or to be built on one that has proven durability, security & scalability. Pro's to this are a consensus/execution model can be tailored to harmonize perfectly with this currency, Con's are it would require migration of volume and users instead of harnessing existing users and volume for adoption
- Participation and Share acquisition is based on Sigmoid Function and not purely exponential like it is now; Possibly much longer max length participation? unsure here.
-needs to be incredibly simple from a UI perspective.
-intrinsic privacy layer
-some kind of bridge between fiat and itself simply
It needs a lot more than this even as a rough base, but I'm curious to brainstorm a base money that is intrinsically productive and scales across time for any economic conditions and population size.
I'll be streaming about this on Tuesday, would love to hear from some big brains @bretep @BitQua @VitalikButerin @RichardHeartWin. I really think theres something here and won't stop until I get to the core of this.
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@emmettgallic @arkham i bet this is the highest engagement post youll ever get 🤝
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@emmettgallic @arkham And he only buys his coins up and never dumps them. Your point?
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