Central Bank of Bitcoin.
A central bank with one structural defect it cannot repair. Its reserve asset is Bitcoin, so it cannot print. It stacks. In public, on a schedule, forever.
2,100 member banks will be chartered, ever. Each one is a vault. Eighty-five percent of everything the institution earns flows into them automatically, for life.
On the publication of Purposes and Functions, First Edition. He does not read the document. He announces it.
The whole institution, in six lines.
The founding document runs to thirteen sections and states every one of these at length, with the arithmetic attached.
It cannot print.
Every other central bank resolves its difficulties with issuance. This one holds Bitcoin, so the tool was denied at the protocol level. Stripped of issuance, it does the only thing left to it. It stacks.
2,100 member banks. Ever.
Each one is a vault, chartered on Solana. 240 founding charters were earned by burning, at no cost. The rest open by vote of the Governors, who are the people already holding them.
21,000 satoshis, paid to yourself.
One hundred percent of the activation deposit is placed in your own vault. Zero goes to the Bank. Zero goes to Gary Club. The sector calls this figure a mint price. The Bank calls it your opening balance.
Eighty-five percent to the vaults.
Royalties, fees, merchandise, lending, liquidity, and every future line of business, split 85/15 in perpetuity. It arrives automatically. There is no claim button, because a distribution that must be claimed is one the issuer hopes to keep.
There is no withdrawal function.
It was not omitted by accident. It was omitted on purpose, and then the omission was documented, and then the documentation was filed. A vault only ever moves in one direction.
Total, and always open.
Destroy the vault and take one hundred percent of its contents, immediately, with no counterparty's permission. The Bank records that as a bank failure. The member, the Bank understands, records it differently.
It contains no surprises.
If you find one, you have misread something, and the Bank would ask you to read it again. More slowly.
The Bank publishes at centralbankofbitcoin.com