so lets say that i can back CON with FIAT money from the profit on my company .. interesting thought
I see a lot of bogus claims in other coins that are backed by this or that all make believe.. if i was to put up actual profit dollars to maintain the stability of the coin how would i go bout doing that ? ,now I am not doing this for charity !! however i believe that having some FIAT backing would increase the intrinsic value of this great coin .
suggestions??
Setup your own exchange, with a $20 floor price. Oh wait, somebody already did that, for 4 minutes, with another coin. It didn't work so well.
Maybe a similar thing, with a more reasonable floor price, closer to the BTC equivalent of market value. However, running an exchange for fiat currency often involves government regulation, depending on the country it is established in.
Probably would be less of a headache to just set a huge buy wall in BTC, on each exchange that it's listed. Then slowly move it upwards, as needed. I'd do it, but I became a gambling addict, and lost almost all my BTC on http://cryptohalve.com/