Topic: Creating a cryptostandard? (Read 642 times)
Maybe I don't get your right, but it is controversial thought that we need to create a cryptoasset and decouple from Bitcoin fiat money.
Any currency can be freely traded for anything else. If you don't understand that, you don't understand the whole point of having currency in the first place. 
We always seem to compare bitcoin to fiat (or not so fiat) money. 1 BTC = $xxxx.xx etc...
What if there was a way of creating a cryptoasset instead of a coin that can only be purchased with cryptocurrencies?
This would make it unbackable by the dollar or euro or w/e. Making it that much less "centralized". Creating a parallel crypto market is the only way to compete with the one people use normally now.
Something that is mined, but has a much flatter curve. More of a faith based asset. Then each coin in the market could have it respective asset, or multiple coins could share the same one...adding value to eachother.
For example:
BTC and LTC are only accepted forms of payment for ONA or FTA (Let's assume this would be the first [one] asset, soo..."One Asset" or "First Asset").
I have no idea how we could verify as a community of miners/verifiers that an "asset" has not been traded for actual legal tinder. However if we could this would seperate the investment and cash basis for BTC and all other altcoins I feel....
What do you think?
If this has been thought of, I appologize!
What if there was a way of creating a cryptoasset instead of a coin that can only be purchased with cryptocurrencies?
This would make it unbackable by the dollar or euro or w/e. Making it that much less "centralized". Creating a parallel crypto market is the only way to compete with the one people use normally now.
Something that is mined, but has a much flatter curve. More of a faith based asset. Then each coin in the market could have it respective asset, or multiple coins could share the same one...adding value to eachother.
For example:
BTC and LTC are only accepted forms of payment for ONA or FTA (Let's assume this would be the first [one] asset, soo..."One Asset" or "First Asset").
I have no idea how we could verify as a community of miners/verifiers that an "asset" has not been traded for actual legal tinder. However if we could this would seperate the investment and cash basis for BTC and all other altcoins I feel....
What do you think?
If this has been thought of, I appologize!
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