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February 16, 2014, 05:26:22 AM |
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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!
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