Assignment

A5 — Claim, redemption, and class netting (Week 5)

In one sentence. Say what the token stands for, honor one redemption in the room, then erase a triangle of IOUs on paper.

Stuck? Handbook → Sessions 9–10 (coat-check vs the coat; money flower; the $10 triangle). If the class has no real cycle, use the instructor’s 4-team example and label it “instructor example.”

Part 1 — What is the coin a claim on? (1 page)

Write so a careful reader could understand the object.

1. Is the token the thing itself, or a receipt (coat-check stub) for something off-chain?
2. Redemption: who honors it, in what (CLASSUSD, a cookie, minutes, nothing), within what time.
3. If the team disappears: what do holders actually have? Be honest (often: a PDF, not a court claim).
4. Atomic vs fail: one sentence on how a pool swap (both sides or neither) differs from “I sent TEAM, you forgot the notes.”

In Session 9 you must honor one redemption in the room. Record the tx hash or a photo of the handoff.

Part 2 — Obligation matrix (1 page + table)

Use real Week 4 trades if you have them.

1. Matrix: rows = who owes, columns = who is owed, cells = CLASSUSD-equivalent.
2. Find one cycle and erase it (if Ava, Ben, and Cara each owe 10 around the triangle, you need zero payments).
3. Write what is left after the erase. (If Ava owed 15 instead of 10, leftover is Ava → Ben = 5.)
4. One paragraph: would a public digital dollar (CBDC-like) help this class or crowd out team coins? Pick a side.

CLASSUSD is the instructor’s chip. It is not a CBDC.