Quote from: Financisto on July 20, 2016, 05:20:18 AM

BTC behaves as a volatile commodity already and NuBits/NuShares use it as base reserve.

So IMO an experiment with any other commodity (soybean, gold, oil, wheat, coal, cotton, etc) wouldn't differ that much.

Pegging to Fiat is better for creating an anti-inflation type of currency.

I might be wrong though...

If I have to make a decision about long-term trends on whether it's a good idea to do something like purchase real estate, it would be nice to have a commodity-basket indexed currency to figure out what to do. Fiat has cycles of inflation/deflation/hyperinflation, and if you are going to be in a multinational global business like growing commodities it would be more accurate to calculate your ROI for something (like buying new farm equipment) based on real global business fundamentals, and not whatever the current set of corrupt political machines has their hands on the fiat control clevers.