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Interesting concept #1

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wayjake opened this issue Jun 7, 2022 · 1 comment
Open

Interesting concept #1

wayjake opened this issue Jun 7, 2022 · 1 comment

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@wayjake
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wayjake commented Jun 7, 2022

Does the total supply get reduced on an increase change in CPI? Is there an alternative way to calculate CPI? Many top economists disagree with how simplified a metric this is. It doesn't cover how dynamic the value of the dollar is between cities, towns, states, and regions. Gas prices. Supply chain effects. Would be fun to model!

@Cryptolyfe
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Cryptolyfe commented Dec 30, 2023

In this current POC the contract can mint new tokens to to account for loss in purchasing power. This was done as a final project for my Fintech certificate and Coinbase announced basically the exact copy of my concept over a year later, calling them "flat coins" I, don't have a patent or a vast team of high profile lawyers, unfortunately :D

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