Notes on durable money — stablecoins, payments infrastructure, the holding company model, and what seventeen centuries of monetary engineering still have to teach.
The Byzantine solidus kept its weight from 312 to 1034 with no peg and no reserve — just discipline, minted. What the original stablecoin teaches the people building the next one.
Read the essay →No fund clock, no forced exits, no pressure to sell a business at the moment it should be reinvesting. Why Byzantine Solidus chose the holding company structure for durable money.
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