“Proof-of-Nuclear-Bombs”: a most reliable design for stablecoin utility (Part I)

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<em>This is a 3-part analysis on a more sociological take on the history of world reserve currencies to preface the purely financial or technical discussions of stablecoin and digital currency mechanics.</em><strong><em> </em></strong><em>By no means am I providing the end-all-be-all guide on stablecoin design, but merely providing some anthropological equipment on how to approach the stablecoin discourse and what other thoughts came about from this mode of analysis and way of thinking. Part II aims to explain a theory on the origination of the velocity (or vortex) of money created by this “mortal sink” and other sink candidates; part III briefly examines the new freedom of currency choice and the role of central wisdom authorities on debt and what commodity sinks might exist in a non-sovereign, digital society. Thematically, the following document centers the participant, not the government or issuing body, as the primary agent of a currency’s functionality. This will be essential in future designs for somea participant-owned, decentralized future.</em>