Yeah it's going to be impossible to make a currency completely asset backed and a global reserve, you can have one or those you can't have both.
Firstly, only north America, Australasia, Europe, half of Asia, and parts of Africa have full asset ownership laws and even then governments can request to buy back property or seize it. So your new currency isn't globally backed anymore.
Secondly, is there going to be successful crash mitigation? If the whole stock market drops 20%, is everything a few % higher to make up for it?
If you pick an asset like gold, what happens if a new mine with a large amount of it in is found, does it also crash? There's no reasonable way you can inflate something that exists too that governments or people will accept imo.
Topic: Reserveum: How to create Ideal Non-Inflated money? - page 6. (Read 985 times)
I guess someone is trying to join the hype train but a bit too late hehe. I'm not sure this is going to help but just take a look at the asset-backed cryptocurrencies in existence and see if you could improve them. Maybe you should also think of the protocol this coin is going to use.
Are you new in crypto?
We already have a few companies who created currency backup by real-asset like money (USD), Gold, or other assets as well. Non-inflated money you're talking about, the main priority is to make the transaction more easy there is no point taking a profit on this type project because the value will be always same follow the backup asset they're using.
We already have a few companies who created currency backup by real-asset like money (USD), Gold, or other assets as well. Non-inflated money you're talking about, the main priority is to make the transaction more easy there is no point taking a profit on this type project because the value will be always same follow the backup asset they're using.
Let's talk about this thing: How to create Ideal Money?
Why don't we call our hypothetical perfect currency, let's say, RESERVEUM. There is double meaning in this name:
1) an ideal currency of the future that must be totally asset-backed.
2) an ideal currency that is to become the global reserve in the future
Is it even possible to create such ideal currency?
What features should it have?
Please share your thoughts and opinions.
Jump to: