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Title: Altcoin pegged to USD. Is it possible? Post by: virtualfaqs on July 03, 2013, 06:04:20 PM Here is what I'm thinking. It's difficult to trade altcoin because of price volatility. Is there was a way to peg the altcoin price to the USD? Using a real time-system that instantly adjusts your number of coins based on altcoin's supply and demand to the USD. Could a system be designed to do this without a governing body of people? That means your coin numbers could grow and shrink as soon as your paper wallet reconnects to the system.
Title: Re: Altcoin pegged to USD. Is it possible? Post by: hrrsn on July 04, 2013, 09:43:25 AM The problem would be mining. You can't create USD out if thin air.
Title: Re: Altcoin pegged to USD. Is it possible? Post by: Frizz23 on July 04, 2013, 09:50:11 AM The problem would be mining. You can't create USD out if thin air. He can: http://www.therentables.com/blog/wp-content/uploads/helicopter-ben.gif Title: Re: Altcoin pegged to USD. Is it possible? Post by: Snail2 on July 04, 2013, 09:57:30 AM The problem would be mining. You can't create USD out if thin air. He can: http://www.therentables.com/blog/wp-content/uploads/helicopter-ben.gif Yep! You should try to agree with the FED about merged mining :). Title: Re: Altcoin pegged to USD. Is it possible? Post by: hrrsn on July 04, 2013, 11:46:20 AM Hahaha I did realise that, but I meant it isn't feasable for a coin.
May I propose NSACoin, pegged to USD, instead of mining you simply outsource PRISM? :P Title: Re: Altcoin pegged to USD. Is it possible? Post by: naphto on July 04, 2013, 12:17:23 PM read: https://bitcointalk.org/index.php?topic=247585.0
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