Right now we peg currencies to the price of bitcoin (to determine value).
What if we only dealt with something like gold (1 oz gold per BTC)
Or would be it be better to peg the btc to one specific fiat (like euro or something).
lol this makes a lot of sense....
so you're saying if we say 1 bitcoin = 600 usd, we shouldn't then say, oh well it's it worth 600 usd, then it's worth 440 euros. how can you possibly "peg" it to only 1?