entity · derived

Bonds

5 claims across 1 works, 2019–2019.

Derived node: assembled mechanically from the claims carrying bonds. A roster, not an adjudicated definition.

Every claim under this term

3402701-013 2019 design: Bonds are the appropriate burning mechanism for a temporary drop in currency price caused by larger economic instability such as an act of God or war, since bonds can be redeemed above their sale pric
3402701-014 2019 failure: A Basis-style bond scheme succeeds only while demand for the currency grows at a sufficient rate; the authors' simulations show it fails when demand is stagnant at equilibrium.
3402701-015 2019 failure: Because bonds sell below their redemption value, an open-ended bond queue grows without bound, depressing bond prices and creating a positive feedback loop that ends in a death spiral and failure of t
3402701-016 2019 design: Stable cryptocurrency bonds should be minted with a fixed expiration, following the practice of historical central banks, because fixed expiration makes price discovery more efficient.
3402701-030 2019 predictive: For any long-lived currency, a major shift in perceived value is eventually inevitable, and such a shift is not covered by reserves defending against hot money or by bonds defending against temporary