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A peer to peer money supply protocol

A peer to peer money supply protocol. What is Units ?. Cryptographic currency , Units (XUN) Real-time payments protocol (consensus model) Peer to peer money supply protocol

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A peer to peer money supply protocol

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  1. A peer to peer money supply protocol

  2. What is Units? • Cryptographiccurrency, Units (XUN) • Real-time payments protocol (consensus model) • Peer to peer money supply protocol Supports ‘IOUs’ foranything of value, like EUR, USD, gold or Bitcoin. Open source, free distribution. Native XUN currencyintended as a reserve currencynotneededforpayments.

  3. How Does UnitsWork? • Native currencyUnits (XUN)RAM memory bits • UnlikeBitcoin: double entry accounting. Allbalances in RAM. realtimepayments • UnlikeRipple, multiple concurrent networks.buildbridges Technology developedby Donovan Hide (nowhiredbyRipple Labs). Open source. Needsfundingtofinish, test andlaunch.

  4. Comparing Bitcoin to Central Banks

  5. USD Monetary Base 1984-2014 Inflation = con job!“Change YouCanBelieve In”

  6. BTC Supply 2009-2042 Inflation slows down over time, eventuallystops(deflation: accidentallosses)

  7. How Does Units Control Supply? • Democraticmechanism: votewithRAM. • More RAM  inflation. Less RAM  deflation. • Should create price stability in long term. Economies need real-time, peer to peer money supply (“smart”), not fixed algorithms (“dumb”), not arbitrary policy (“con job”).

  8. The Units Solution

  9. Team! I amsourcing a team of 8-12 peopletolaunch Units. • Q4 2014: source team; launchcrowdfunding • Q1 2015: launch protocol alpha • Q2 2015: get VC funding Mathijs Koenraadthello@getunits.orghttp://getunits.org

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