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Blockchain Charitable Trustcoin
Robert Barrow edited this page Mar 13, 2018
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- virtual currency used exclusively on a decentralised public ledger
- to hold value across international borders
- BCT would be a virtual currency on a decentralised public ledger, meaning that no sovereign entity has overall control (i.e. BCT is not a fiat currency)
- Non-fungible nature of a BCTs would give an unprecedented transparency and traceability to charitable donations and international aid
- The Local Exchange Rate ("LXR") would be controlled by each Government's Central Bank ("GCB") and reviewed periodically; this would be akin to them setting the base interest rate on a fiat currency.
- 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)