Soliciting Comments

[cbgarcia]

I just submitted a paper to the journal, Ledger.

Cover Letter:
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A cryptocurrency with zero price volatility is an important area in the context of cryptocurrencies because I believe that for a cryptocurrency to be widely accepted as a cyber currency, it must be a storage of value.

My paper proposes a cryptocurrency where the exchange rate is 1:1 relative to its underlying currency and where currency depositors’ preferences determine the supply of the cryptocurrency.
The creation/destruction of the cryptocurrency is unlike Bitcoin’s (created by miners; never destroyed) or Fedcoin’s (created/destroyed by the Fed), and more like that of a credit/debit/atm card, but where the cryptocurrency is not tied to an institution like a bank or Visa.
 
I believe that this novelty will be easier for the public to accept when compared to Bitcoin (E.g., please see Bill Gates comments cited in the paper as to why his company does not use bitcoins.)

I believe my manuscript will be of interest to the readers of Ledger because it proposes to potentially disrupt the very popular and most widely used cryptocurrency, Bitcoin.
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Paper may be viewed at:  http://csycash.weebly.com/

Your comments are welcome.

[raphma]

My paper proposes a cryptocurrency where the exchange rate is 1:1 relative to its underlying currency and where currency depositors’ preferences determine the supply of the cryptocurrency.

That's already exist. USDT and XUSD are good example(there are others.)
Yet, the volatility are there too and probably will exist for ever... even fiat have.

Still a good paper tho, good job!

[cbgarcia]

Thanks for that reference.

Tieing Csycash directly to local banks' currency deposits (insured and regulated by the Fed) would make Csycash better on the Trust scale, I think.