DIGITAL CURRENCY

Topics:

What is 'money'How you can codify something that is currencyMoney as:

Unit of exchange Store of valueKinds / variables:

Token v Account basedUses of currency? Things like community currenciescentral bankBank specific currency (e.g. Scotland)Are there other scenarioswhat is legal tender?Currency issuance questions

how does the monetary authority know how much of a given currency is in circulation? also applies to cryptoCentral BanksM1 M2 M3 issuesDoes this relate to Ledger v Token? e.g. one of the Ms is how much coin and note is in circulationMonetary 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 bearingFractional 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 thatLook up definitions for theseLiquidityhaircuts etc.See e.g. Archegos Capital Management liquidity crisisRelevance here is the money supply question - reduction in asset price -> margin callWho has custody of the stock v who has title; price impactIn general - issues that may have some impact on the money supplyMoneySupplyIssuesHow you codify - thinking about examples like cattle as currency, there is a distinction between:

something you can use in exchange (unitized value, exchangeability) versusbarter (simple exchange of things)The first of those is something that could be used as money

Discussions Page for discussion of soem topics

Terms and Definitions

We are using the VCoI approach to this - see separate page(s):

Terminology

Covering these 3 things:

Terms and DefinitionsAbbreviations and acronymsReferencesStart collecting some of the terms we need on those pages.

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.