Chapter 3 - The Structure of a Public-Sector CurrencyThe dialogue around a public-sector currency is often met with confusion, as it doesn’t follow the traditional backing of value for currency in the market-circuit. Historically, the value backing for money within the market-circuit has come from either the convertibility of commodities or the actions of state-authority. Each providing some attribute that...

Chapter 3 - The Structure of a Public-Sector CurrencyThe dialogue around a public-sector currency is often met with confusion, as it doesn’t follow the traditional backing of value for currency in the market-circuit. Historically, the value backing for money within the market-circuit has come from either the convertibility of commodities or the actions of state-authority. Each providing some attribute that...