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Basecoin: A Robust, Price-Stable Cryptocurrency with an Algorithmic Central Bank

16 pointsby xwvvvvwxover 7 years ago

4 comments

mooneaterover 7 years ago
I love the concept of leapfrogging fiat by pegging to CPI in future. Avoid deflation of bitcoin <i>and</i> inflation of USD. Although then the game becomes (as it is now with CPI), who determines exactly what&#x27;s in the CPI basket?
blueadept111over 7 years ago
So how does this coin make or save me money, to compensate for the risk of buying it and trusting the &quot;algorithmic&quot; central bank (which apparently has a tweakable algorithm, and therefore requires trust in the central overseer?)
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xwvvvvwxover 7 years ago
Really interested in this. There are very good reasons we moved off the gold standard, and I&#x27;ve never seen a really convincing argument why we would change our minds.
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dreamdu5tover 7 years ago
Why pegged to the dollar? Seems like a fatal flaw.
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