What is Turtle Island Land Coin?
Turtle Island Land Coin (TLC) is a stable coin. It is a cryptocurrency that maintains parity with the Dollar (a fiat currency). It has been designed to be a practical currency that can be used by anyone (via debit cards or direct payments) for day-to-day purchases just like any fiat currency.
How is it different from any other stable coin?
The primary difference between TLC and any other stable coin is that it is specifically intended for use by the indigenous peoples of North America (Turtle Island is the name the indigenous tribes give to North America.)
Comparison between TLC, Generic Crypto and FiatThe Table compares the attributes of three different currency types
|Currency Attribute||Fiat Currency||Cryptocurrencies|
|Is a Medium of Exchange||Yes (within specific national geographical area)||Yes, globally||Yes, globally|
|Metric of value||Yes||Stable coins only||Is a stable coin|
|Low Operating Cost||No||Usually||Yes|
|Fraud Resistant||Partly||Vulnerable to hacking||Yes|
|Wide Circulation||Yes||Can be a problem||Yes|
|Transaction Privacy||No, except for bearer money||Can be||Could be|
|Governance||Centralized (by Government)||Can be and usually is decentralized||Decentralized|