Understanding Personal and Group Currencies

In Circles, money is generated collectively over time rather than by a central authority. Every person mints their own personal Circles token at one CRC per hour, and value moves through a trust graph. The trust network is soft sybil protection: links (trust relationships) limit the blast radius of fake accounts, and token flows depend on real social connections.

• Personal currencies: Unique per avatar; fungible only along trusted paths. Trust makes your tokens usable by others.
• Group currencies: Circles v2 adds group currencies backed by member collateral, improving stability and market fit.

Tokens can move across the trust graph even when parties don’t directly trust each other, as long as a path exists.