Topics:

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

Money as:

• Unit of exchange
• Store of value

Kinds / variables:

• 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?

Currency issuance questions

• 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
    • 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
  • 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:

• 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

Discussions Page for discussion of soem topics

We are 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 as part of that.