Three-Gear Currency: The tl;dr
Three-Gear Currency Systems: The tl;dr Want the formal proofs? See: Full Academic Paper The Problem in One Sentence How do you let someone earning $300/month in Nigeria buy the same thing as someone earning $10,000/month in Switzerland, without either subsidizing the Nigerian or penalizing the Swiss? The Solution Three currencies that all spend the same, but get acquired differently. Meet the Gears Currency Who Gets It What It Does Credits Everyone The main money. Spends everywhere. Marks People from weaker economies Tops up your Credits so you have full purchasing power. Clears through participation. Joules People from stronger economies Stores your extra value. Redeemable later at the rate you locked in. How It Actually Works Say the baseline is $1 = 1 Credit. ...