|
Title: Creating a cryptostandard? Post by: rpiduino on February 16, 2014, 05:26:22 AM 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! Title: Re: Creating a cryptostandard? Post by: Foxpup on February 16, 2014, 01:13:45 PM ??? 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.
Title: Re: Creating a cryptostandard? Post by: joethejudge77 on February 21, 2014, 04:26:24 PM 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.
|