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RE: Beyond SBD: A Stablecoin for the World.

in #bitcoin6 years ago

You make a very interesting point. A lot of blockchain projects attempt to create a token or coin but the founders (or delegated nodes) have a poor grasp of economics.

It'd be best for Steemit if some economists would advise upon fork decisions.

In the case of coins backed by gold, attempts in the past were by tech teams that lacked the business/economic grasp of what they were undertaking and thus the projects did not end well. This time, a well-established bullion exchange is undertaking the project of developing gold-backed coins and thus the economics that are cored around a currency would be properly actioned.