Listen to Alain and Joe discussing the key concepts of encointer and its privacy solution SubstraTEE
A few conceptual details have been reworked since this podcast has been recorded (see the newest version of the whitepaper)
- Meetup locations are predetermined for each local currency by the initiators of the currency. This way each community can choose the territory of their currency.
- The monetary policy has been adjusted to include demurrage (nominal devaluation over time). This way the money supply is stable for stable populations and the value of the basic income will be stable with regard to total money supply.