Introduction: From Bancor to Intercoin At Bretton Woods in 1944, John Maynard Keynes proposed the Bancor — a supranational currency designed to settle trade balances between nations. It would have provided a neutral, algorithmic clearing mechanism. Instead, the U.S. dollar became the global reserve, and later the IMF introduced Special Drawing Rights (SDRs), a synthetic reserve asset tied to major fiat currencies. But SDRs remain rationed by IMF allocations and serve governments, not people...
