DIGITAL CURRENCY

• What is 'money'
• How you can codify something that is currency

• Unit of exchange
• Store of value

• Token v Account based
• Uses of currency? Things like

  • community currencies
  • central bank
  • Bank specific currency

    • (e.g. Scotland)
    • Are there other scenarios
• what is legal tender?

• how does the monetary authority know how much of a given currency is in circulation?

  • also applies to crypto
• Central Banks

  • 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
    • See MoneySupplyIssues

How you codify - thinking about examples like cattle as currency, there is a distinction between:

• something you can use in exchange (unitized value, exchangeability) versus
• barter (simple exchange of things)

The first of those is something that could be used as money

See e.g. List of gold-backed currencies: https://www.goldscape.net/gold-blog/gold-backed-cryptocurrency/

Page for discussion of some topics: Discussions

Use this for more open ended questions and comments.

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

Terminology

Covering these 3 things:

• Terms and Definitions
• Abbreviations and acronyms
• References

Start 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. For now this is an informal place for references as we find them; we will introduce the VCoI process later.