Smartbond (monetary system)
Smartbond is a monetary system, based on a currency of the same name, which operates independently of any
The system implements economic principles including the Friedman k-percent rule (with the money supply growth rate fixed at 6%), and the avoidance of fractional-reserve banking.[1] The rules of the Smartbond system also include a guarantee that all money supply growth is distributed as interest to currency holders, and an exchange rate floor (against USD) backed by reserves.[2] The system uses blockchain technology to keep track of units of the Smartbond currency. This allows for its rules to be applied automatically rather than through the institutions of a sovereign state, as a traditional monetary system.[3]
Context
During the period that followed the
References
- ^ "Smartbond – An Introduction". smartbond.fund. Retrieved 27 May 2016.
- ^ "Smartbond – Frequently Asked Questions". smartbond.fund. Retrieved 27 May 2016.
- ISBN 9780198709572.
- ISBN 9781292064840.