@aboutcircles begins with a blank canvas, asking:
What would money look like if we reinvented it using today’s technology?
Join the conversation 👉 discord.gg/aboutcircles
Circles
1,160 posts
Circles
@aboutcircles
Open protocol for communities to create their own economies. Trust-based money. No gatekeepers.
- 🪙 The first 1000 Circles OGs were chosen. 🌀 Another 1000 will join us soon. 👉 discord.gg/aboutcircles
- Introducing Circles — an ambitious experiment on money. For the first time ever, you can create your own money without needing a bank or a government. 🧵
00:00 - Presenting the Circles Litepaper. A first look at how we are reinventing money, moving issuance into the hands of the people, creating a decentralized currency framework built for a borderless, global economy. Dive in 👉 aboutcircles.com/litepaper
- Money simplifies trade by being a common measure of value: a unit of account.
- We don't think we have choices when it comes to money, but we do.
00:00 - How did we go from community agreements to centralized monopolies?
- 📢 Releasing the Circles Whitepaper It provides a detailed account of this new currency protocol, its motivation, and inner workings, and also makes the case for its economic soundness, despite its radical design. Read here 👉 aboutcircles.com
- Once, money was local. Over time, centralized systems took over. Let’s look at how and why that happened.
- Money acts as a store of value, enabling people to sell today and buy tomorrow.
- Before central banks, money was issued by kings, communities, retail banks, even merchants.
- Today, centralized systems control how money is created, distributed, and valued.
- Money facilitates trade by acting as a neutral intermediary: a medium of exchange.
- Celebrate the launch with us 🎊 We are hosting a launch party featuring special guests discussing the concept of Circles, our journey in building it, and a glimpse into the future where everyone can create their own currency. Tune in on X, Discord, and YouTube!
