So far we have proposed Sync (a.k.a syᕱᕳ, BlocSync, Bitsync, Ƀitsync) for the consensus network on which many assets may co-exist.

And we have proposed Bits (a.k.a Ƀits, Bitcash, Ƀitscash, or Ƀitscoin) for the currency name:


I am now also proposing there be a second currency, either (Cha-)Ching or Cꙭl cash. This second currency will be more playful.

The Bits currency will have a very low debasement rate (perhaps 0% if contemplated to be equivalent to the "transaction fee" rate). The Ching or Cꙭl currency will have a higher debasement rate. In this way, users can choose to sell first from merged mining that which has the lower ROI for mining (even though I expect mining to be unprofitable for professional miners and ASICs). In this way, there will be a natural market regulation between high and low debasement rate options. The high debasement rate will put more tokens in the hands of users and probably have a higher velocity of money (TX/s) which implies a higher valuation, but this is offset by the desire to not hold it for store-of-value if the higher velocity does not sufficiently offset (in short, it is complex and the market must arbitrage the balance).

The playful currency will only have one unit (to prevent nꙭbs confusion) and it will be set so that micrʘ-transactions are whole number values. The proposed currency symbols are:

✨	(cha-)ching
ꙭ	cool (cash)