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blockchain-charitable-trustcoin.md

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Blockchain Charitable Trustcoin ("BCT")

Purpose

  • virtual currency used exlusively on a decentralised public ledger
  • to hold value across international borders

Usage

  • BCT would be a virtual currency on decentralised public ledger, meaning that no sovereign entity has overall control (i.e. no GCB)
  • Non-fungible nature of a BCTs would give an unprecidented transparency to the use of charitable donations and international aid
  • LXRs could be controlled by each GCB and reviewed periodically; this would be akin to them setting their GSC's base interest rate
  • GCBs could lower the LXR to encourage charitable donations to be made in their territories
  • GCBs could raise the LXR to encourage foreign aid to be sent to their territories
  • GCBs could hold a reserve of BCT in the ledger, in the same way that they might hold a reserve of physical assets (e.g. gold)