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Topic: what if we come up with a new cryptocurrency that is tied to the US dollar (Read 1007 times)

sr. member
Activity: 476
Merit: 250
retardocoin

Your comment made me laugh so hard that some of my adult beverage came out of my nose and got onto my keyboard!

Wink
hero member
Activity: 501
Merit: 500
 So what you put in you will be able to withdrawal (minus 1% fee)



Lol, this is what banks already offers  Cheesy
newbie
Activity: 10
Merit: 0
Wouldn't that defeat the whole purpose of a finite supply cryptocurrency ?
sr. member
Activity: 448
Merit: 250

I don't think this one is going to able to be mined... but an ecurrency backed by gold:

http://www.zerohedge.com/news/2013-11-29/e-gold-founder-launches-new-gold-backed-currency
newbie
Activity: 21
Merit: 0
I think you misunderstood the whole bitcoin concept.
member
Activity: 84
Merit: 10
ok but what about if we go with the same idea (mining everything into a central wallet, giving miners a small portion, etc..)

then we start the trading a certain amount at a particular Ask.  and then a certain amount at a higher ask, etc..

eventually create a market of sorts
msc
sr. member
Activity: 284
Merit: 250
Each mined coin should be linked to the US dollar.  So what you put in you will be able to withdrawal (minus 1% fee)
We already have that, and there's no fee.  The US Dollar.  $1 always equals exactly $1.
legendary
Activity: 1078
Merit: 1003


I'm not saying you can or can't...but why would you tie a coin to this thing?
full member
Activity: 224
Merit: 100
part of the reason why BTC and gold have done so well is because people want to run away from the dollar, not to it.

your not thinking of the big picture

we could call it Dope Coins

cause people don't wanna have to invest in a wild and unstable crypto coin when buying their shit

Maybe the way to mine would be playing the knockout game. One knockout would = one coin.
member
Activity: 123
Merit: 10
part of the reason why BTC and gold have done so well is because people want to run away from the dollar, not to it.

your not thinking of the big picture

we could call it Dope Coins

cause people don't wanna have to invest in a wild and unstable crypto coin when buying their shit

The name of the currency does'nt matter. As Beetcoin says. People want to get away from the current currencys. People also does'nt want to get involved with the bank aswell due to fees and taxes etc.

Would also call the currency "retardocoin" as freethinking2013.

Convince me instead of coming up with names for the currency.
member
Activity: 84
Merit: 10
part of the reason why BTC and gold have done so well is because people want to run away from the dollar, not to it.

your not thinking of the big picture

we could call it Dope Coins

cause people don't wanna have to invest in a wild and unstable crypto coin when buying their shit
sr. member
Activity: 434
Merit: 250
part of the reason why BTC and gold have done so well is because people want to run away from the dollar, not to it.
full member
Activity: 224
Merit: 100
newbie
Activity: 2
Merit: 0
Asking this question itself is lame   Grin
hero member
Activity: 490
Merit: 500
They already made an inflationary Bitcoin, it's called Quark.

As far as I'm concerned, you can stick Quarks where the sun don't shine, I'm not interested in having my store of value inflated away at any percentage.
newbie
Activity: 1
Merit: 0
the idea of these kind of currencies is to be independent. So no 1:1 link to any curreny like the dollar, no centralized, etc.
thats what is going wrong with currenty fiat currencies and what shoud be prevented
member
Activity: 84
Merit: 10
Would'nt that force the banks to get involved? Dont want anything to do with them.

why would you say that?
member
Activity: 123
Merit: 10
Would'nt that force the banks to get involved? Dont want anything to do with them.
full member
Activity: 224
Merit: 100
quantitative ez-coin
hero member
Activity: 756
Merit: 522
You fundamentally misunderstand what mining is.
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