I thought about a coin based off two needs :
1) One that could be treated forever as the "loose change", like pennies, nickels, dimes and quarters.
2) Stability relative to fiat in the crypto market.
My belief is that such a coin could only exist if it could dynamically "update itself". There would be no limit to how much of this coin that could be mined in total, but instead an algorithm that determines how much of this coin is allowed to be released into at any given interval of time. This amount could be based off the BTC and LTC market caps in USD value. Like right now for example, if this coin were to exist, tons of them would be getting pumped into the market by miners to prevent them from going parabolic or even experiencing a pump and dump. Even though they wouldn't be able to rise in value relative to fiat, miners would still be profiting because they'd be obtaining more of them. Think of it like "reverse difficulty".
To expand on points 1 and 2, whole purpose of such a coin wouldn't be about "claiming bronze" after BitCoin (gold) and LiteCoin (silver). It would be about creating the absolute lowest denominator of the crypto market, and having it stay that way. This way it could turn into the stable link between fiat and crypto currency. So that people could transfer into crypto currency and hold their position there without worrying much about price movements.
I call it... "UnitCoin". And the symbol is simply a "1".
What do you all think? Sorry if something like this exists or is in the works. Outside of mining LTC for a few months I'm still a noob to the crypto market.
