{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/af3cf8c16d324ecca5aed7d5a7f78954\" frameborder=\"0\" width=\"1662\" height=\"1246\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1246,"width":1662,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1246,"thumbnail_width":1662,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/af3cf8c16d324ecca5aed7d5a7f78954-85bc35d9ecfc6002.gif","duration":645.142,"title":"Understanding Daily Burn in Circles: A Unique Monetary Policy 💰","description":"In this video, I explain the concept of Daily Burn within the Circles system, where 0.02% of your balance evaporates daily, totaling 7% per year. This mechanism, inspired by the historical idea of Demiraj, encourages circulation of currency rather than hoarding. I highlight how our unique creation and burning forces create a fair monetary policy, allowing everyone to contribute to the money supply. I also discuss how new joiners can still catch up with long-term users, making it an attractive system for all. I invite you to explore more about this concept on our website and share any questions or comments you may have."}