Work notes on EMP, sKOIN and mBonds

Key points from the Emporia and mana bond articles:

1.Different tokens are needed with different time horizons. Similar to the people spreading their value (‘money’) across cash (+checking account) vs savings account vs investment portfolio. Having one token for the combination cash + savings account causes instability and uncertainty. The goal of the Emporia article was to design a ‘cash’ token, a pure medium of exchange. In essence a (dollar-)pegged stablecoin that can’t lose or accrue nominal value. However, the holder loses purchasing power in the long run (this is the opportunity cost of holding cash).



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