You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
Copy file name to clipboardExpand all lines: mutual-money/currency-minting.md
+1-46Lines changed: 1 addition & 46 deletions
Original file line number
Diff line number
Diff line change
@@ -13,49 +13,4 @@ Fiat money is created through a process known as [debt monetization](https://www
13
13
14
14
This idea of monetization and seigniorage can be reimagined for nearly any set of community values, where adoption of the currency mechanistically supports the realization and furtherance of the community's value system. With this in mind, we propose that Change Credits, and the positive externalities they represent, can be monetized through Mutual Money.
15
15
16
-
## Participants
17
-
18
-
Change Credit Holder
19
-
: A Good Generator is the implementing organization responsible for seeing the planned impact results achieved. It is through the actions of this entity, often an NGO or social enterprise, that positive externalities are produced. Because contributions and funds can be seamlessly fractionalized and divided, a Good Generator can also be a collection of multiple contributors working collaboratively.
20
-
21
-
Mutual Mint
22
-
: Change Code acts to provide all necessary infrastructure for the creation and management of Change Credits through its *Changescape*. While Change Code is not involved in the measurement or verification of any results produced, it is responsible for assessing the legitimacy and compliance of any organizations seeking to mint Change Credits.
23
-
24
-
Seigniorage Bank
25
-
: Partners financially contribute to the positive externalities embodied in Change Credits. They fund the delivery of impact by pre-purchasing Change Credits in advance.
26
-
27
-
Verifier
28
-
: Verifiers exist to both validate, measure, and quantify any impact produced. Verifiers are defined by the Good Generator of the project with a focus on local context and relevant expertise. Verification can be conducted by a single individual or organization or the responsibility can be dispersed through a set of Verifiers with a specified quorum required.
29
-
30
-
## Minting Flow
31
-
32
-
```mermaid
33
-
sequenceDiagram
34
-
actor Verifier
35
-
actor Good Generator
36
-
actor Change Code
37
-
Good Generator-->Change Code: propose impact goal for review
38
-
participant EAS
39
-
create participant hypercert (ERC1155)
40
-
Good Generator->>hypercert (ERC1155): mint impact goal
0 commit comments