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  • Making an actual currency like notes & coins could never actually work because the value of the currency is based on the items scarcity. The currency would always be able to be produced outside the control of individual so it would remove the confidence of a set value (like inflation) plus the notes would have no intrinsic/transferrable value like gold, oil or a rare bike part so it could never be trusted/adopted.

    Thats why we need Velocio to setup the Bank of HTFU, control the production of LFG$$ and ensure that suitable liquidity is maintained. Bank of HTFU would hold your rare bike parts and give you LFG$$ thereby giving it intrinsic value to anyone who believes that rare bike parts have value (like us).

    Inflation is a measure. Asking whether we need Bank of HTFU to operate and inflation targetting monetary policy is probaby something we need to discuss in a seperate thread.

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