Hiw could it be decentralized if its backed by a basket of goods ? Whos maintaining the peg ? what a joke
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
Discussion
Lol I don't even think it will be backed, I think he just means look at the price of the basket and then adjust the token value and supply accordingly with an oracle feeding in the data, what could go wrong?