{"id":2830,"date":"2022-03-05T17:43:28","date_gmt":"2022-03-05T17:43:28","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/idealcashwhitepaper\/"},"modified":"2022-03-05T17:43:28","modified_gmt":"2022-03-05T17:43:28","slug":"idealcashwhitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/idealcashwhitepaper\/","title":{"rendered":"iDealCash\tWhitepaper"},"content":{"rendered":"<div readability=\"73.371314342829\">\n<p>In March of this year, we released version one of our whitepaper, which explained<br \/>what IDealCash was all about, and explained our vision going forwards. Now, three<br \/>months later, we embark on version two of our whitepaper. This whitepaper has<br \/>been co-authored by our extended team consisting of key community members that<br \/>have shown great support and interest in the project.<\/p>\n<p>The IDealCash Dual-Economy<br \/>We propose a new economic model, a dual-economy for IDealCash. This dualcurrency model is described herein much more detail (readme).<br \/>Here is a quote from the aforementioned article:<br \/>The phrase \u201cmultiple payment systems\u201d typically brings to mind objects such<br \/>as checks, credit cards, debit cards and, more recently, \u201csmart\u201d cards.<br \/>However, many countries throughout history have used more than one<br \/>currency at a time. In fact, although we tend to forget it, the use of multiple<br \/>currencies as media of exchange in the United States was common into the<br \/>1930s. During its bimetallism period, the United States used two different<br \/>government-issued commodity monies: gold and silver coins. More recently,<br \/>we observe two-currency payment systems in developing and transitional<br \/>economies, in which many modern payment systems are unavailable.<br \/>Nevertheless, citizens may adopt a dual-payment system by using the dollar in<br \/>addition to their own locally issued fiat currency as a medium of exchange,<br \/>store of value, and unit of account.<\/p>\n<p>Dual-currency crypto economies will start to flourish and persist more today and<br \/>through the future as a way to avoid devaluation of the main original currency, and<br \/>avoid unstable, unreliable banking systems, and government restrictions on your<br \/>trade while using any different forms of payment.<\/p>\n<p>We believe that a dual-currency model can work for IDealCash. IDealCash (DEAL) is<br \/>analogous to silver (i.e., currency for data-to-day transactions) and IDealGold (DEALT)<br \/>is analogous to gold (i.e., the primary store of value).<\/p>\n<p> <a href=\"https:\/\/web.archive.org\/web\/20200930103456\/http:\/\/www.idealcash.io\/\"> iDealCash\tWebsite <\/a> <br \/>iDealCash\tWhitepaper <br \/><strong><\/strong><\/p>\n<p>Social<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In March of this year, we released version one of our whitepaper, which explainedwhat IDealCash was all about, and explained our vision going forwards. Now, threemonths later, we embark on version two of our whitepaper. This whitepaper hasbeen co-authored by our extended team consisting of key community members thathave shown great support and interest in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2830","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/2830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=2830"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/2830\/revisions"}],"predecessor-version":[{"id":2831,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/2830\/revisions\/2831"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=2830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=2830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=2830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}