TagDavid Jung

Social Proof-of-Work: Asia Reserve Currency Coin and Its Fight Against Corruption

A Southeast Asian stablecoin project aims to neuter corruption. It places an incentive on public reporting of problems. The International Blockchain Monetary Reserve calls the Asia Reserve Currency Coin (ARCC) a “macroeconomic stablecoin.” While it has a seemingly complicated structure, the premise is simple enough: as productivity and GDP increase as a result of its effects, the ARCC will...

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