GAUGECASH
  • GAUGECASH
  • GAUGECASH
    • About GAUGECASH
    • GAUGECASH wallet user guide on desktop
      • How to CREATE your GAUGECASH Wallet
      • How to RECEIVE GAU, Matic and USDT in your GAUGECASH Wallet
      • How to GET GAU with your credit card
      • How to SWAP GAU<>USDT and MATIC <> USDT
      • How to SEND GAU
      • How to IMPORT your GAUGECASH Wallet into any device
    • GAUGECASH Wallet App user guide
      • How to CREATE your GAUGECASH Wallet on mobile
      • How to SEND Matic or USDT from your exchange to your GAUGECASH Wallet App
      • How to RECEIVE USDT and MATIC in your GAUGECASH Wallet App
      • How to GET GAU with your credit card in your GAUGECASH Wallet App
      • How to SWAP GAU<>USDT and MATIC<>USDT in GAUGECASH Wallet App
      • How to SEND GAU
      • How to IMPORT your GAUGECASH Wallet into any mobile
  • GAUGEFIELD
    • About GAUGEFIELD
    • How to acquire GAUGEFIELD (GAUI) on desktop
      • How to BUY GAUGEFIELD (GAUI) with Metamask
      • How to BUY GAUI on desktop browser using the GAUGECASH Wallet
    • How to acquire GAUGEFIELD (GAUI) with GAUGECASH Wallet App
    • How to SEND GAUI to the GAUGECASH Wallet App
    • How to add GAUI to Metamask or any other wallet? (Desktop)
  • WHITEPAPER
    • GAUGECASH: a decentralized monetary system
      • 1. Introduction and context
      • 2. Stability of fiat currencies
      • 3. GAUGECASH
      • 4. GAUGECASH backing
      • 5. GAUGEFIELD
      • 6. Market
      • 7. Yield approximation
      • 8. Core values
      • References
  • YELLOWPAPER
    • GAUGECASH: a decentralized monetary system
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  1. WHITEPAPER
  2. GAUGECASH: a decentralized monetary system

2. Stability of fiat currencies

What we call stability of a fiat currency comes from monetary policy, the powers behind it, and the open Market that decides its value. The world takes the Euro and the USD as modern reserve currencies by the Central Banks of several countries. The fractional reserve banking system plus credit and debt have been the primary mechanisms for building trust in fiat currencies' economies. The last century's financial history has shown that this model has been far from perfect but has been the most successful in bringing prosperity to the world.

In the last century-plus, there have been around thirty "Non-Domestic Currency Debt Crisis (typically inflationary deleveragings)," causing millions of people to lose their wealth and transactional value. Recent devaluation hits have occurred in Venezuela, Argentina, Mexico, and Brazil. In 2020, due to the pandemic and the inability of most Governments to adapt, countries worldwide had been jeopardizing their citizens' stores of value, AGAIN.

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