LOL, So one of Coindebased CEO Brian Armstrong's ideas is to create a new token, yes shocking right?
This new token idea he is dubbing flat coin, a coin that can preserve purchasing power and outpace not only CPI but fiat money supply expansion so you preserve purchasing power, this flat coin idea sounds interesting
I wonder if anyone would be able to create such a form of money and how would people adopt it all over the world based on the incentive to save and not only as a medium of exchange.
https://www.coinbase.com/blog/request-for-builders-startups-i-would-build-today
There is no way that it can be issueed and maintained in a fully decentralized way.
Eventually if people get paid in bitcoins, keep all in bitcoins, spend in bitcoins and price are set in bitcoins, there is no need for any other currency, mean of exchange, store of value.
I doubt it can be decentralised in any meaningful way, just trying to sucker people into buying another token that can be manipulated with a new story on why you should provide liquidity to this token
I've realised people will try all sorts of wierd and wacky work arounds to avoid bitcoin
