Uniglo
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The Problem

A world without Uniglo
We live in a world where the average individual has access to only two forms of main currency: Fiat and Crypto.
Within the 20th Century, the world abandoned the Gold Standard, in which fiat money we use is no longer backed by anything. As a result, fiat as a currency has lost both the ability to have a provable base of value nor does it hold a potential ceiling to currency issuance.
Without a leash to control scarcity or concrete assets to underpin currencies, the risk of hyperinflation through the excessive printing of new fiat to “sustain” and “support” economic growth is becoming a reality.
This is a method used by most governments called ‘quantitative easing.’ We are currently beginning to feel the consequences of hyperinflation from quantitative easing.
The advent of cryptocurrencies immediately answered the call for a more disciplined and immutable approach to currency issuance. With a fixed amount of currency issuance already baked into the DNA of Blockchains, crypto holders can be assured that the distribution will begin, slow down, and sometimes, ultimately end.
While crypto resolved the challenges of scarcity, fluctuations in crypto prices have made it unrealistic and unreliable as a medium and method of payment. It has instead become a tool for whale traders to assume significant high-risk, high-reward positions to take markets on swings of jaw-dropping magnitudes.
The lack of a stable asset class to underpin crypto has resulted in it becoming a rag doll, torn between longs and shorts, highs and lows, and the rich and the poor.
The floor is as speculative as the ceiling.