Is there any way to program an electronic currency system that will make the creation of currency dependent on recent changes in value to maintain a stable value of currency?
The short answer is probably yes, but the details haven’t been fully worked out.
See my old b-money proposal for some ideas on how to maintain a stable value for a cryptocurrency.
You might also be interested in a recent blog post by Eli Dourado on the economics of cryptocurrency, and my comment there.
The short answer is probably yes, but the details haven’t been fully worked out.
See my old b-money proposal for some ideas on how to maintain a stable value for a cryptocurrency.
You might also be interested in a recent blog post by Eli Dourado on the economics of cryptocurrency, and my comment there.