Topic: Altcoin pegged to USD. Is it possible? (Read 599 times)
Hahaha I did realise that, but I meant it isn't feasable for a coin.
May I propose NSACoin, pegged to USD, instead of mining you simply outsource PRISM?
May I propose NSACoin, pegged to USD, instead of mining you simply outsource PRISM?
The problem would be mining. You can't create USD out if thin air.
He can:
Yep! You should try to agree with the FED about merged mining
. The problem would be mining. You can't create USD out if thin air.
He can:
The problem would be mining. You can't create USD out if thin air.
Here is what I'm thinking. It's difficult to trade altcoin because of price volatility. Is there was a way to peg the altcoin price to the USD? Using a real time-system that instantly adjusts your number of coins based on altcoin's supply and demand to the USD. Could a system be designed to do this without a governing body of people? That means your coin numbers could grow and shrink as soon as your paper wallet reconnects to the system.
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