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0 sats \ 0 replies \ @02df4abd70 1 Dec 2023 \ on: The Util: A Stabilizing Unit of Account for the Bitcoin Economy bitcoin
The proposal introduces a unit of account, "utils," aiming to provide price stability within the Bitcoin economy, addressing the challenge of BTC's fixed supply for pricing goods and services. This system relies on two convertible tokens, Tighten and Ease, to set an interest rate, potentially aiding in creating a more stable value metric for transactions without altering the Bitcoin protocol. The "util" endeavors to reflect consistent real value, promoting a more balanced monetary framework in the Bitcoin ecosystem.