For that to work you need a fixed exchange, not floating. Floating exchange rate in an illiquid market like crypto is a big issue.
We are Blackcoin!! Resistance is Futile.
The possibilities are endless with Blackcoin. but today id like to talk about 1 possibility in particular, which i see as the goal of all cryptocoins, but only blackcoin has what it takes to achieve it. Because of Blackcoin's POS feature and that the POW mining stage has been complete. blackcoin is essentially a true stock item. shares are limited and the market is large which tells investors that what we have here can be classified as "a product". but what's this vision? ill get straight to it..
what would happen if we acquired enough merchants around the world to accept blackcoin in such a way that all of our daily requirements could be met with locations that accept blackcoin? groceries, meds, car parts and accessories, restaurants and outlets, books, clothing, farming and dairy products, electronics, furniture, travel and hotels.. the works. would there be any need for fiat? by bringing usd into blackcoin but not taking it back out (since there is no need to) essentially gives the cryptocurrency worth. cashing out removes value from crypto. and i believe it is the goal of every well-meaning cryptocoin and it's community to gain wider acceptance for the very purpose of being used in commerce. otherwise, crypto is just an intangible collector's item. but so is not the case with blackcoin. already forging ahead to be accepted by a wide range of merchants it is that we have a tangible product in our hands.
if we could structure a community and group of merchants in such a way that even the merchants can get their supplies from blackcoin accepting distributors and create a closed loop of currency circulation.. we would essentially have an effective money system which admittedly was originally pumped by fiat. as we move away from bitcoin-pegging, demonstrating independent trading of bitcoin's rises and falls on the graph, many are realizing as investors, they dont have to follow bitcoin's value if they have a 'real product'. if bitcoin's value falls by 50% then all traders do have the right to double the price of their own stock to compensate. and therein lies the vision.
the idea is to begin a "NEVER-SELL" campaign. yes.. we are never going to sell the blackcoins we buy. not for fiat, btc or for any other alt. only to trade for products and services in the real world. get as much as you need and can hold longterm and up-trade the rest with your extra btc/fiat as many wont read this post or choose not to take part in this campaign. what will happen as new investors come on board over time together with the multipool investors? the day-traders get left behind and have to begin trading at higher levels. then we are left with a community of believers owning the coin at $20 each.. and we're still not selling. from there we can set each new buy at a higher price than the previous and take the stock value to $1000 each.. and even at that price.. never cashout. just keep it like a bank and use it among the community for everything. this will ensure that even the distributors can enjoy higher value when they go to use the blackcoin they received as payments for their everyday expenses etc.
please feel free to let me know what you think about this idea/vision for cryptocurrency. if encouraged i will get to work on formulating this closed loop economic system to be used with blackcoin. i could take a list of categories that blackcoin users would like to use their blackcoins for. and see if i can map out a worldwide network of.. Trade. based on supply and demand.. if ud like please post what you'd like to use your blackcoins for in the real world. i personally dont see why we shouldnt start tackling this early.