Nostr Web Client

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

Reply to this note

Please Login to reply.

Discussion

deleted 2y ago

Hiw could it be decentralized if its backed by a basket of goods ? Whos maintaining the peg ? what a joke

nothing 2y ago

Not arguing this isn't a shitcoin, but couldn't you make the same argument about rising value for Bitcoin also?

OT 2y ago

You could make a "flat coin" by DCA bitcoin & selling the gain of whatever the inflation was that month.

BTC drops? You just continue to DCA until it reaches that percieved "purchasing power"

No sh$tcoin needed

Eluc 2y ago

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.