I first posted about impedance-matched currencies over nine years ago, in Oct, 2015. But the idea was rolling around in my head for a couple of years prior, probably because of Orlin Grabbe. Back then I was saddled with the concept of a Bitcoin framework, scalability, mining and countries instead of US States. Notice these two posts are only three weeks apart:

Bitcoin Meandering
In its pure form, the Bitcoin blockchain is not only peer-to-peer, it’s “peer-to-all-peers”. So it suffers even more from the weakness of P2P systems - scalability, i.e. exponential traffic increase as it grows. The proposals I’ve seen (lightweight client, larger blockchain size) are linear patches which shift the exponential
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Bitcoin, Blockchains and Banking Busts
I found Orlin Grabbe [https://en.wikipedia.org/wiki/James_Orlin_Grabbe] in the Clinton Whitewater conspiracy group, right after the Waco massacre. He’d made some money in financial derivatives and was an avid conspiracy theorist so we occasionally swapped emails and in 1995 he published a series of articles
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To illustrate, let's look at the Euro. Imagine if you harness a donkey, a race horse, a turtle, a cat and a dog to pull a wagon. It's not going to work very well or efficiently, even if they cooperate.

People care most about what affects them locally), so we can imagine a system of Bitcoin derivatives, set to a scalability and mining algorithm which is impedance-mapped to each country's inertia:

Impedance Match - 2024
ParasocialPower Distribution law was part of LongTail theory in the early days of the Internet and my own Cultural Diffusion. “Parasocial relationships” are a modern transmutation of Power Law. The perils of P. Diddy are a present-day paradigm of the pitfalls of Parasocialism. What Is a Parasocial Relationship?Parasocial relationshipsbrowardbroward
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In 2015, the U.S. dollar still looked viable, the BRICS countries hadn't been incited by dollar weaponization against Russia, the digital technology was immature and I hadn't come across the latest fad word, "parasocial".

As predicted in version 1 of my Gold Token paper in April, 2023.
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At least 19 crypto/depository bills were proposed by State legislatures since my first mailing.

"There may soon be demand from State governments for R&D, prototyping and development of gold-backed digital currencies as described in Texas House Bill 1056 and House Bill 1049."

Notice the similarity of my 2015 scalability proposal and my recent BRICS system? The 2015 delegated some authority to currency exchange, the 2024 design is simpler and more flexible, the Realm/Country controls the exchange rate to some extent directly by how it manages foreign exchange pools, rate of currency and debt issuance, etc. All very theoretical right now.

State Token Platform Overview - 2024
SDT HistoryI first posted about impedance-matched currencies over nine years ago, in Oct, 2015. But the idea was rolling around in my head for a couple of years prior, probably because of Orlin Grabbe. Back then I was saddled with the concept of a Bitcoin framework, scalability, mining and countries
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