It will be
BricPay Inflation rate = weighted average of each country currency inflation + inflation tax for BricPayTM
BricPayTM will be secret society consisting of a couple people from each country. It will start small, but slowly snowball as they have to pay more and more people to keep quiet or have positive opinions about BricPay and slowly increase BricPay Inflation Tax.
I'm just joking. It does seem silly that the biggest tech problem is just a trust issue.
I wonder how many BricPay tokens they will require each country to buy to establish the stock to flow ratio.
Whoever goes first will risk getting rugged.
The countries will have to choose whether to buy BricPay tokens or some other asset for their balance sheet.
Ah, i am sure they will diversify somehow to have some guarantee for balance. Would it be commodities, metals, precious stones, energy, who knows...
In general it is an interesting project. They have to be really careful. I have heard that Nabulina, the finance minister if Russia, got the heavy duty for all of this and she is indeed careful, but we will see...
and it's already solved with bitcoin
Yeah, they would have to go through the pain of watching the market cap slowly grow big enough to enable meaningful size transactions. Just like Bitcoin is growing right now.
And they would have to trust that none of the parties would lose faith along the way and dump their tokens.
At any point the winning move for any one of the countries would be to sell BricPay tokens and buy Bitcoin.
