Sound Money
Sound money holds its meaning & trust over time. A day of your work should buy roughly the same thing next year as it does today. Here's what that takes, and how gēēks try to get there by anchoring to human time & labour instead of debt & capital, resources.
Store
of value
Holds its meaning across years
Unit
of account
A stable ruler for prices
Medium
of exchange
Easy to hand over and accept
Trust
in the issuer
Rules that can't be quietly changed
Economists usually list the same handful of traits:
Modern currencies are created mostly as loans, so the supply grows whenever debt grows. Every new dollar dilutes the old ones a little. The result is a slow, steady loss of purchasing power that savers notice and borrowers love. See Economy for how that machine works.
Gēēks don't try to be digital gold. They are priced in the one thing everyone gets the same amount of each day: time. One dē is a day of work (24 hours × $25/hr = $600), and 10,000 gēēks make one dē. See Time for the math.
Every verified human gets 365 dē a year. A dē doesn't appreciate and isn't an investment. It's a stable unit for promising time to each other.
Promise Ledger
How a ledger of promises keeps score without escrow.
Time
$25/hr × 24h = one dē. Pricing anchored to time.
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Economy
Debt-based money, central banking and fractional reserves.
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From shells and wampum to tally sticks and the dollar.
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