A Twitter Space was held discussing the Qui Network which aims to transform the crypto ecosystem with an energy-based monetary system. Co-founder Allen detailed his journey in crypto, experience with Apple, and the development of Qui Network's dual-token model. He introduced Qui as a savings token with work-based emissions, while Chi is for spending with a flexible supply. Energy-based money's potential impact on traditional finance was also discussed, highlighting the role of miners. Key achievements include clarity around the main net timeline and active participation in testnet. Future plans and events for community engagement were touched upon, with a focus on maintaining strong community support and forthcoming partnerships.# Energy-based Money in Crypto

Speaker 3

Introduced the special Twitter Space session discussing energy money in the Tor ecosystem, mentioning network tokenomics with special guest Allen, co-founder of Quiet Network.

Speaker 4 (Allen)

Talked about his background, including involvement in crypto since 2015, experience as a software engineer at Apple, and passion for blockchain technology. Discussed Quiet Network's goal to create a new monetary system combining savings with spending within one platform through their tokens Qui (savings) and Chi (spending), using energy-based money.

Speaker 3 & Speaker 4

Delved into the concept of energy-based money, historic thinkers who influenced this idea, and how it can lead to a currency that doesn't require trust in central entities. Explored the concept of Proof of Eventual Minimum (PoEM), the consensus algorithm that could improve Bitcoin's efficiency.

Speaker 3

Highlighted the importance of community feedback and research in the crypto field.

Speaker 4

Emphasized on network security, miner engagement, and outlined the differences between Qui for saving — not relying on staking due to its work-based emission — and Chi for responsive spending.

Speaker 4

Discussed the impact of energy-based money on traditional finance, focusing on the role of miners and the responsive nature of Chi to market demands.

Speaker 4

Noted the team's achievements, including setting a main net timeline and fostering a robust testnet community engagement with projects underway.

Speaker 3 & Speaker 4

Discussed future projects and community gatherings, touched upon how the technical innovations in Qui Network differ from other blockchains.

Conclusion

The session covered a deep dive into the Qui Network’s efforts in establishing a dual-token ecosystem, Qui and Chi, the implications of energy-based money, and adjustments to blockchain mining practices to adapt to this new tokenomic model. The session also emphasized the importance of community and research in the evolution of blockchain technology.