The trouble is that, as you've pointed out, the government firmly believes that putting newly minted money into consumers hands is a leading cause inflation. So

The trouble is that, as you've pointed out, the government firmly believes that putting newly minted money into consumers hands is a leading cause inflation. So they're not exactly going to be wildly keen on what you plan to do. Perhaps. But if the government even notices what I'm trying to do, I feel like that's almost a victory in itself. And if they try to stop me after I've already started, they'll have to justify taking incomes away from a lot of poor people. And the government has a very strong and very legitimate interest in regulating financial instruments. Particularly financial instruments which promise to pay people dollars at some time in future but are under-collateralized and don't appear to be attached to any [significant] independent revenue stream. Well, initially, they won't be under-collateralized. For the first few months or so, we'll be backing GD up 100%. My hope is that, as a digital currency, Gresham Dollar would be regulated as a commodity similarly to Bitcoin. You could certainly think of Gresham Dollar as a financial instrument, but in the actual operation of the currency, we're actually never going to promise to pay USD that we don't already have. So the biggest question anyone considering involving themselves with your startup would have to ask is: why would regulators permit your service to exist? Yes. I agree. So the answer to that question is that, as far as I can tell, the regulations to stop us don't exist yet and the government is going to have trouble regulating us away once we've planted our roots in the economy. The economy needs Gresham Dollar, and once we get started, that will become increasingly apparent to anyone (including regulators) who's paying attention. Ultimately, we would become an international operation and Gresham Dollar will become resistant to any one country's regulation. But yeah. None of what I just said makes this issue any less scary. We'll need to be very careful about the legal and political implications of how we structure what we're doing. It won't be easy.