In 1971 they closed the gold window.
We reopened it.
In 1971 they closed the gold window.
We reopened it.
THE RESERVEMARKET CLOSED
Every Note owns a cage in the vault. Half of the issue goes into it as gold before the transaction ends, a fifth of every hour's QE joins it, and nothing ever leaves except through the gold window — by burning the Note. The floor only moves one way.
Bundles of $BRRR ride the belt through the counting machine. The tenth one is diverted to the reserve — that is the reserve requirement, and it is the only fee there is. The press at the back prints stock, not dollars: every hour it runs, and what comes off it goes to the cages.
Twelve chairs, one per district. Every week the Treasury's take goes into the pot on the table, and at the hour the real FOMC announces, one Note in circulation is drawn by denomination and takes it. Anyone can gavel it. The gaveller keeps a half-percent for gas.
The vault is where it always was. Keep scrolling.
Numbered, barred, and held by the protocol under the Note's serial — not by a wallet anyone controls. What goes in cannot be withdrawn, stripped, borrowed against or paused. It can only be taken out by burning the Note at the gold window, which means the market can never price a Note below what's in its cage for long.
Each Note is cut from its own seed: paper, border, rosettes, and a guilloche lathe pattern at the centre no other Note shares, with the vault seal at its heart. The series — green, red, blue, or the gold certificate — is rolled with real currency odds. Denomination and district are on-chain state the engraving reads on top.
Real notes carry the letter of the district bank that issued them. Ours carry the letter of a stock. It's printed on the face, it's the default asset your coupons arrive in, and it's the room your Note sits in on the map.
1,913 Notes. One per transaction, five per wallet in the first hour. Price to be announced. At issue the minter names a district; the seed is revealed after the issue closes.
Half of the issue price buys tokenized gold into the Note's own cage before the transaction ends. A third seeds permanent liquidity for $BRRR. The rest funds the work, published and itemized.
A flat 10% on every $BRRR swap, enforced by a hook inside the pool. Six parts QE, two parts liquidity locked forever, one part burned, one part to the Treasury.
At the top of every hour the desk buys the twelve district stocks at market and credits them to Notes in circulation by denomination. Eight parts are the Note's coupon, claimable. Two parts go into the cage and stay. Wednesday at 2pm ET pays a double hour.
Held by the protocol under the Note's serial. Cannot be withdrawn, stripped, borrowed against or paused. Grows from issue, from every QE, and from half of every royalty. The cover ratio — cage over floor — is published live.
$1 to $10,000 in eleven steps. Burn $BRRR to revalue upward; each step takes a larger share of QE, to 10×. The top three are capped — 100, 24 and 12 seats — and gated on the cage. A seat only opens when its holder is withdrawn, redeemed, or falls out of circulation.
Sell a Note and it is withdrawn: denomination resets to $1 and it earns nothing until reissued by burning 10,000 $BRRR. The cage travels untouched. A legal tender stamp, bought before the sale, keeps the denomination.
Burn a Note and receive everything in its cage. There is no pause switch on this function. Supply only falls. The caps never rise.
Every Wednesday at 2pm ET the Treasury's week goes into one pot and one Note is drawn by denomination. Anyone may gavel it for a half-percent. On the eight real FOMC days the pot is doubled.
A slice of the Treasury buys and holds the chain's other tokens — Brokers, Stackers, Quotrons — and publishes the holdings, as any central bank does.
Phase II. Weekly, every Note places a dot on the district it expects to outperform. Correct dots split a bonus.
Not the Federal Reserve. Not affiliated with Robinhood. Not investment advice. A Note is an NFT whose cage holds tokenized instruments issued by third parties; read their terms. Contracts and audits publish before issue.