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Author Topic: Could new currencies be pegged to digital resources?  (Read 474 times)
R160K (OP)
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November 08, 2013, 08:49:17 PM
 #1

Any coin linked to a physical asset will have the problem of requiring a gateway step, translating it from its fiat/physical form to digital, perhaps with a restrictive interface - though for certain assets (e.g. teddy bears) AML laws will not be as strict. Coins pegged to digital assets however, such as disk space, bandwidth, instructions (for an off-site processing service) would require no such gateway step. The tokens could be traded freely through payment systems like Open Transactions/Ripple/Coloured Coins/Mastercoin/a new blockchain and then redeemed directly for services. If these services were themselves decentralised, then you would have a completely decentralised, asset-pegged currency, and I see this being the way to go for certain services (web-hosting, storage, cloud computing) - and by offering these resources yourself, you could generate coins that could be exchanged for other goods and services, or other currencies.
d5000
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November 08, 2013, 10:27:40 PM
 #2

I like this idea, had some similar thoughts a couple of days ago. Subscribed the thread.

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d5000
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November 08, 2013, 11:26:16 PM
 #3

As far as I know, Namecoin is already pegged to a digital "resource": domain names with the *.bit TLD.

So the concept still exists for name-related rights. For other kind of digital resources, the Namecoin concept would be difficult or impossible to adapt, but there may be other ways to peg a resource to the coin value.

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