Altcoin pegged to USD. Is it possible?

[virtualfaqs]

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.

[hrrsn]

The problem would be mining. You can't create USD out if thin air.

[Frizz23]

The problem would be mining. You can't create USD out if thin air.

He can:

[Snail2]

The problem would be mining. You can't create USD out if thin air.

He can:

Yep! You should try to agree with the FED about merged mining .

[hrrsn]

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?

[naphto]

read: https://bitcointalk.org/index.php?topic=247585.0