Just a thought
One of the things that has made cryptos attractive - the speculative investment potential - also makes them less attractive as a currency, so as this area matures, I think we need a crypto currency with different features than Bitcoin as a general currency.
- Most people don't want to gamble their everyday checking account funds on something as volatile as BitCoin.
- Scarcity: While that has certainly played a role in it's rise, a currency for general circulation needs more liquidity.
so consider a coin designed to hedge inflation. It's quantity could be unlimited. Each time a coin is bought, a new one is created. There's no difficulty getting them (and hoping fully spending them). Value does not have to be determined by demand.
What if the value was based on the dollar adjusted for inflation, so that if inflation is 6%, then your crypto increases by 6% against the dollar, so holding it is insurance against inflation. This is a pegged value, but could have broad appeal and use as a currency (especially if the inflation value used in the real rate of inflation and not the garbage value the gov't publishes).
Now you have an easily available currency with stability and security from the mistakes in the way the dollar is handled.
Topic: The Inflation Coin (Read 104 times)
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