Bitcoin Now Fuels Stable Currency

Bitcoin, or your favorite crypto, powers its own in-house stable currency and treasury with ichi.org.

“Human beings with their tampering do something wrong, leave the damage unrepaired, and when the adverse results accumulate, work with all their might to correct them. When the corrective actions appear to be successful, they come to view these measures as splendid accomplishments. People do this over and over again.” - Masanobu Fukuoka, One Straw Revolution

Fair Launch: Ethereum Block Number 11260000

By: Masanobu Fukuoka

The website WTF Happened In 1971? shows numerous trends that may have resulted from Nixon’s attempt to address inflation by ending the Bretton Woods agreement, including the tie between the U.S. dollar and gold. However, as you go further back, you see that Bretton Woods itself was just a way to fix other problems created by policy makers. And this cycle has repeated for centuries.

The root cause of these issues is a failure to limit human decision-making when managing money supply. This is problematic because of the incredible temptation to print more money. Thankfully, Bitcoin solved this problem by capping supply at 21M but created two new problems in the process:

• Exchange Risk: it is difficult to use Bitcoin as money because of price volatility against expenses and taxes. It isn’t wise to gamble with your paycheck or balance sheet.
• No Way to Provide Discounts on Spending and Saving: Bitcoin has no systematic way of accruing value and investing in adoption and economic stimulus. All of the Bitcoin that enters circulation is routed to secure the network.

ICHI uses Bitcoin and other cryptocurrency platforms (Ethereum, etc) as the “oil to run payments” (quote from Tobias Ruck of BCH). oneTokens (ICHI stablecoins) are the U.S. dollar stable units of account that power payments and savings on top of these cryptocurrencies.

Every oneToken has a treasury reserve ratio of over 300%. This makes them the most backed currencies in the world. Best of all, these treasuries will used by oneToken governance to invest in adoption. With more adoption, more scarce crypto is purchased to mint oneTokens and the treasuries backing oneTokens become more valuable. This virtuous cycle is able to remove human decision-making from managing money supply.

How You Can Participate

Visit www.ichi.org. Follow on Twitter, and join our Telegram group.