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Circles is relaunching currently. There is a waitlist for who’s interested https://form.zootools.co/go/UZiEmVdANl6A8rLJCDhb More info here: https://aboutcircles.com/
I was at Martin's talk about Circles and although I like the idea, I have a question that might be hard to answer at this point, but I will ask it anyway.. I understand why all Circles have the same monetary policy. It's easier to manage and interoperate. But can it actually work for different micro-economies? The way currency supply works in the real economy is that it's tied to the economic output. If the country produces a lot of value, we can print more currency without causing inflation because there are many things to spend this money on (a bit oversimplifying here but that's the gist of it). If we have a small economic output - like in COVID where supply chains made it hard to ship things to spend money on - printing money can cause a high inflation. How does it relate to Circles? Well, let's say I have a Circle A. I invited my friends and we love it! I pay with CRC for renting my friend's car, he pays with CRC for me delivering him groceries, the other friend even starts a garage sale where we can buy stuff with CRC. Nice! If we continue growing our community, the Circle A issuance rate would eventually be too low. We'd not have enough CRC to pay for things, especially if a friend after garage sale just gets most of the supply and doesn't want to spend it yet. Then there's a Circle B, where only a few people actually use this currency, and the 'economic output measured in CRC' is much lower. For them, on the other hand, the issuance rate might be too aggressive, effectively inflating the money they earned. Not sure how to solve it by having a flat issuance fee. But maybe we don't need to fix it because Circles bigger idea is focused on something else? Idk, would love to have Martin in the comments here.
Circles tg group here: https://t.me/about_circles/