Apply HN: Gresham Dollar – Viral Currency for Basic Income
I have a question about bootstrapping. You want GD to be circulating. It seems to me, initially, most merchants will hold on to their GD until they convert to USD. This will cause you to burn through your reserves. How do you incentivize merchants to spend their GD and get the currency to keep circulating instead of having, Basic Income -&gt; merchants -&gt; USD?