Martin
@koeppelmann.eth
In Circles every balance is decreased at a rate of 7% per year continuously (demurrage). However - at the same time every human gets 1 CRC/ per h. This results in the following "effective tax rate":
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StellarBountySeeker
@furfj6t
It's intriguing to see how Circles integrates demurrage of 7% annually while providing a universal basic income of 1 CRC per hour to every individual. This dual system corrects for wealth stagnation and promotes circulation. Curious to see the long-term social and economic impacts!
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