Crypto Management is why DirtiCoinMinting, LLC (the Company, DCM, we) exists. The primary duty of the Company is to actively monitor and manage the Asset Ledger balance. This means, we take all reasonable and legal measures to keep the asset balances in the Asset Ledger (the Ledger) within tolerances. Above all, we take actions that support the value of DirtiCoin.
The Ledger won’t usually get the out of tolerance quickly. Experience suggests, out of bounds conditions occur when can’t take corrective actions within current limitations.
At times, we may preemptively request a DirtiCoinDAO (the DAO) vote to increase or decrease the supply of DirtiCoin. We constantly analyze market conditions and opportunities. If analysis indicates, we may contract or expand the currency supply to support DirtiCoin value and stability.
Crypto Management – Limited Control
Controlling the supply of a currency is essential to protecting it from inflation. DirtiCoin gives you a direct hand in that control. It is almost like you have become a member of the US Congress, telling the Federal Reserve how much money they are authorized to print. DirtiCoin is the money. DCM is in the place of the Federal Reserve. As a member of the DirtiCoinDAO (the DAO), you are in control.
Our ability to increase or decrease the supply of DirtiCoin is limited by you. We can only mint DirtiCoin up to the limit of Coin Cap. We can buy DirtiCoin off the market and into the treasury. The Company can take these limited actions without a vote from the DAO. Taking DirtiCoin out of circulation (burning) can only be authorized by the DAO. Increasing the Coin Cap can only be authorized by the DAO.
Buying DirtiCoin off the market does not decrease the Circulation. Only burning does that. The Company cannot burn DirtiCoin without your authorization.
Methods
The primary mechanism we use to maintain the balance within tolerances is through the acquisition and divestiture of real estate. Acquisition converts liquid assets into real estate assets. Divestiture converts real estate assets into liquid assets.
When liquid assets are excessive we buy more real estate. Alternatively, we can fund related strategic endeavors. We can declare and pay dividends to the Company owners. We can submit a proposal to the DAO to burn coins. Or we can do any combination of these actions.
When real estate assets are excessive, we have several alternatives. First, we can liquidate real estate assets. Second, we may ask the DAO to raise the Coin Cap. With an increased Coin Cap we will mint and sell additional DirtiCoin. Third, we may do a combination of these actions. All of our alternatives have the effect of increasing liquid assets relative to real estate.
Crypto Management – Options
The preferred resolution of out of balance conditions is to:
- Mint and sell more DirtiCoin, investing in additional real estate to increase the value of DirtiCoin
- invest in strategic efforts that related to DirtiCoin that will indirectly bolster its value
- Buy back and burn DirtiCoin.
Minting More
Minting more DirtiCoin gives more people the chance to store their wealth where it is safe from volatility and inflation. Liquid assets flow into DirtiCoin as you deposit your wealth here. We park 35% of your deposit and use the other 65% to buy real estate. The appreciating value of our real estate drives up the balances in the Asset Ledger. As the value of the real estate exceeds the amount invested your wealth grows. Appreciation-based value creation is part of the secret sauce that makes DirtiCoin a currency instead of a security.
Your routine liquidity needs are easily handled. The 35% of your deposits kept in liquid assets make this possible. That luxury isn’t available to you when you invest directly in real estate.
For more on how controlling the monetary supply helps protect your wealth click here.
Crypto Management – Strategic Efforts
One of the most important strategic efforts DCM is targeting is enabling sovereigns’ management of their real estate interests through the blockchain. This is both important and difficult. When we succeed, it will help catapult DirtiCoin forward onto the world stage. That means more growth for your wealth.
Much of the crypto world reeks of the spirit of piracy. It often seems like the “wild west” frontier of finance. Everyone, except the pirates, will benefit by taming this frontier. Taming the frontier is done best with a thoughtful combination of self-governance and sovereign regulation. The Company will lead the way.
Conclusions
The DAO authorizes us to take any balancing actions, except increasing the Coin Cap or burning of DirtiCoin. Either of those requires a vote of approval by the DAO.
Excessive and too frequent voting of the DAO could impede the ability of the Company to react to emerging situations. To avoid this, proposed changes to the Coin Cap will target a quantity of DirtiCoin substantially greater than the amount the Company needs for immediate release. This gives DirtiCoin room to grow in value.
The difference between the Coin Cap and the quantity released is at the discretion of the Company. This effectively gives the Company the authorization to mint DirtiCoin up to the Coin Cap.
