What is ShiftCTRL
Last updated
Last updated
Imagine a financial system where economic stability and personal freedom flourish. A system where the economy serves people, not the other way around. That’s the vision of ShiftCTRL.
ShiftCTRL respects individual rights, supports the free market, and believes in sound money principles. These ideas come from pioneering economic research.
ShiftCTRL is modelled after the classical gold standard, known for its economic and personal freedom. However, it improves upon the original model with a few key changes:
Gold is replaced by Bitcoin.
Paper money is replaced by stablecoins.
Central banks are replaced by community governance (decentralized governance).
Centralized settlements are replaced by blockchain transactions.
Under the classical gold standard, governments had to hold gold reserves to print money, usually at a cover ratio of 40%. This meant that for every 100 dollars printed, 40 dollars' worth of gold had to be in reserve. This system limited how much money could be printed.
ShiftCTRL uses a similar idea. Users can create stablecoins, called , which are pegged to any of the 155 national currencies, by depositing Bitcoin as reserves. These reserves must meet a minimum reserve ratio of 180%.
The core of ShiftCTRL’s model is its decentralization. No single entity can stop or control the system. Instead, all system parameters are managed through decentralized governance, ensuring fairness and stability.