How the bezant works, in plain terms, with the numbers behind each rule. A new note appears whenever a decision is made; nothing here is marketing.
No committee, no peg, no founder’s mood: the primary-sale price is computed from ten public exchange rates. What the formula does, why a sum of ten moves less than its parts, and where the limits are, measured in every currency of the basket.
7 min readOne verified person, one fixed amount, minted into a treasury that has no key. The emission rule, the numbers behind it, and why supply that follows people is more logical than supply that follows capital, energy or discretion.
6 min read
Bezant