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digitalcurrency [2021/04/20 15:30] admin |
digitalcurrency [2021/05/10 14:49] (current) admin |
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| ====== DIGITAL CURRENCY ====== | ====== DIGITAL CURRENCY ====== | ||
| - | Topics: | + | ===== Topics: ===== |
| * What is 'money' | * What is 'money' | ||
| * How you can codify something that is currency | * How you can codify something that is currency | ||
| - | Money as: | + | ==== Money as: ==== |
| * Unit of exchange | * Unit of exchange | ||
| * Store of value | * Store of value | ||
| - | Kinds / variables: | + | ==== Kinds / variables: ==== |
| * Token v Account based | * Token v Account based | ||
| * Uses of currency? Things like | * Uses of currency? Things like | ||
| Line 18: | Line 18: | ||
| * Are there other scenarios | * Are there other scenarios | ||
| * what is legal tender? | * what is legal tender? | ||
| - | + | ||
| - | Currency issuance questions | + | ==== Currency issuance questions ==== |
| * how does the monetary authority know how much of a given currency is in circulation? | * how does the monetary authority know how much of a given currency is in circulation? | ||
| * also applies to crypto | * also applies to crypto | ||
| Line 25: | Line 25: | ||
| * M1 M2 M3 issues | * M1 M2 M3 issues | ||
| * Does this relate to Ledger v Token? e.g. one of the Ms is how much coin and note is in circulation | * Does this relate to Ledger v Token? e.g. one of the Ms is how much coin and note is in circulation | ||
| - | * Monetary supply (physical) circulating in the economy versus money in a bank account (available for bank to loan out as well as for me to withdraw); interest bearing | + | * See [[MoneySupplyIssues]] |
| - | * Fractional reserve banking (ability to stretch / expand) as you don't need to supply money for all of whats on the books at one time. | + | |
| - | * Wealth tied up in e.g. a house - represents wealth, can raise funds against that | + | |
| - | * Look up definitions for these | + | |
| - | * Liquidity | + | |
| - | * haircuts etc. | + | |
| - | * See e.g. Archegos Capital Management liquidity crisis | + | |
| - | * Relevance here is the money supply question - reduction in asset price -> margin call | + | |
| - | * Who has custody of the stock v who has title; price impact | + | |
| - | * In general - issues that may have some impact on the money supply | + | |
| - | * [[MoneySupplyIssues]] | + | |
| How you codify - thinking about examples like cattle as currency, there is a distinction between: | How you codify - thinking about examples like cattle as currency, there is a distinction between: | ||
| Line 43: | Line 33: | ||
| The first of those is something that could be used as money | The first of those is something that could be used as money | ||
| - | Discussions | + | ==== Backing ==== |
| - | Page for discussion of soem topics | + | See e.g. |
| + | List of gold-backed currencies: https://www.goldscape.net/gold-blog/gold-backed-cryptocurrency/ | ||
| + | |||
| + | ===== Discussions ===== | ||
| + | Page for discussion of some topics: [[Discussions]] | ||
| + | |||
| + | Use this for more open ended questions and comments. | ||
| ===== Terms and Definitions ===== | ===== Terms and Definitions ===== | ||
| - | We are using the VCoI approach to this - see separate page(s): | + | We will be using the VCoI approach to this - see separate page(s): |
| [[Terminology]] | [[Terminology]] | ||
| Line 61: | Line 57: | ||
| Where 'Context' in this case is this wiki (the FDTF as a whole) and the subsequent RFI | Where 'Context' in this case is this wiki (the FDTF as a whole) and the subsequent RFI | ||
| - | See also the [[References]] page as part of that. | + | ==== References ==== |
| + | |||
| + | See also the [[References]] page. For now this is an informal place for references as we find them; we will introduce the VCoI process later. | ||
digitalcurrency.1618947006.txt.gz · Last modified: 2021/04/20 15:30 by admin
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