id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-190254-c3ne3n1l	Zhang, Haoqian	Economic Principles of PoPCoin, a Democratic Time-based Cryptocurrency	2020-11-03		.txt	text/plain	13175	657	54	We develop and analyze a monetary policy for PoPCoin that embodies these equitability goals in two basic rules that maybe summarized as supporting equal opportunity in"space"and"time": the first by regularly distributing new money equally to all participants much like a basic income, the second by holding the aggregate value of these distributions to a constant and non-diminishing portion of total money supply through demurrage. Through preliminary economic analysis, we find that these rules in combination yield a unique form of money with numerous intriguing and promising properties, such as a quantifiable and provable upper bound on monetary inequality, a natural"early adopter's reward"that could incentivize rapid growth while tapering off as participation saturates, resistance to the risk of deflationary spirals, and migration incentives opposite those created by conventional basic incomes.	./cache/cord-190254-c3ne3n1l.txt	./txt/cord-190254-c3ne3n1l.txt