Social Proof-of-Work: Asia Reserve Currency Coin and Its Fight Against Corruption

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A Southeast Asian stablecoin project aims to neuter corruption. It places an incentive on public reporting of problems. The International Blockchain Monetary Reserve calls the Asia Reserve Currency Coin (ARCC) a “macroeconomic stablecoin.” While it has a seemingly complicated structure, the premise is simple enough: as productivity and GDP increase as a result of its effects, the ARCC will increase in value. The token’s economy will have two parts. One is a licensed hedge fund that will manage investments and holdings to increase and preserve the liquidity of ARCC. The other is the ARCC token economy itself, which will be

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