# Chorus slides - Tellor Tech Call

1:
Purpose:

- Making some money(s)
- non-state backed currencies with flexible monetary policies
- enables cryptos to compete as a currency
- streamlined education and exposure of projects to inflationary rewards and price stability

2:
Competing currencies - the debate
- The history: barter > precious metals > precious metal backed > fiat
- One crypto to rule them all (efficiency gains) vs many different ways to spend
- Monetary Sovereignty leads to growth and new possibilities
- Good - welfare, crises
- Bar - war, private profit

3:
Properties of Money
- Physical Properties
- Durability
- Portability
- Divisibility
- Uniformity
- Economic Properties
- Stability of value
- Scarcity
- Acceptability

Copyright 2003 South-Western/Thomson Learning. All right reserved.

4:
Why not tokens/bitcoins?
- Stability (Store-of-value)
- Many do not have monetary policies

Why not stablecoins?
- Lack of innovation
- Removes monetary sovereignty from the producer

5:
How it works (whiteboard)

6:
Example 1 - BTC w/ no mining rewards
- lock tBTC or wBTC in an Anthem
- Require full collateralization
- Inflation rewards go to miners on the BTC blockchain
- Utilize Tellor as fallback in case of dispute regarding mining rewards

Potential Ideas
- Lock BTC notes in a sidechain tp compete with lightning network
- Add a small transaction fee to transfer to fund BTC devshare

7:
Example 2 - staking rewards for TRB holders are a a private currency
- Lock TRB in Governance contract which deposits/own the anthem
- Mint notes and lock them on a zk rollup for faster, more … transfers
- Parties with locked TRB are allocated proportional inflationary rewards

8:
Example 3 - Adding a devshare to a governance token
- Team locks governance token
- Supports purchases and protocol payments in notes
- Inflationary rewards go to open source development of project

9:
Create some anthems, create some notes