Hi @algons - I have spent half a lifetime attempting to resolve the discrepancy dilemma - just proposed a method for obtaining a blockchain currency with a value stable relative to cost of production of necessities at a basic level, with the object of protecting the purchasing power / power of survival of the man in the street. Would love to hear your opinion. Regards
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This is exactly what I think will eventually be the future of digital currencies! An automated blockchain-based currency where the value gets automatically updated to the cost of production of necessities! Thanks for explaining it so clearly! There would be a lot of discussions probably on those necessities (I guess). A question though: How do you think this would be maintained? On a global level or more regional? Regards.
Hi @algons - it is inspiring to find someone that cottons on - thank you for that! It could be regional and it could be universal. I think a coin with this attribute will find its own way in the market in terms of beneficial effects. If it can function better regionally, then derivatives of it can be created with parameters suited to specific environments added. Making like minded souls aware of its potential might help a lot getting the ball rolling. You may find my reply to @teamsteem interesting too. Regards