This was very interesting. I understand the value of the public ledger. If the inflation right is the critical item, wouldn’t the same value be determined if the United States simply announced a fix rate of printing money? If the fed just said ‘we are going to grow the supply of money by 2% a year, for the next 10 years” would it have the same effect? The civic tokens look like a traditional ‘pre-order’ for service. As you point out if civic is successful the value of the pre-order increases, should civic fail the value of the per-order decreases? I don’t understand what the difference is for a country’s currency? If the US dose well, the value of a the dollar increases, if it does poorly it decrease. The only wild card I see is how much more money is being printed.
