Elastic Republic FAQ

Is this a cryptocurrency?

No. Ballot Units are sovereign lawful money issued by a federal authority, not a blockchain token.

Does this replace the dollar?

No. The Act specifies parallel circulation. The dollar remains fully valid and central.

Why peg supply to population?

It stabilizes issuance, avoids reliance on bond markets, and treats personhood as the basis of monetary weight.

What is demurrage?

A small periodic decay applied to idle balances, redistributed evenly as a type of UBI.

Is my identity public?

The ledger is public, but identity rules follow strict verification and civil rights requirements.

Who created this?

The policy and legislative text were developed by Michael Parziale.

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