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2. Where does the investment for USD come from? The USD reserves are crowd funded through the selling of Future Gresham Dollars. I've described FGD in other co
by Suncho 11y ago
2. Where does the investment for USD come from?
The USD reserves are crowd funded through the selling of Future Gresham Dollars. I've described FGD in other comments.
Our USD reserves also increase any time someone converts USD to GD in their account.
How is this renewed?
If we desire more USD reserves, we can sell more FGD to the open market.
The FGD debt doesn't renew. We just issue more of it as needed. And after the transition date, there's no longer any such thing as FGD.
How are loans and/or investors paid back? What risks do they face?
On the transition date, all FGD becomes GD. The risk is that, if Gresham Dollar fails, GD may not be worth as much as the investors were hoping.