Post
Topic
Board Development & Technical Discussion
Re: cvTokens - Stable currency without trust
by
Croesus
on 06/06/2013, 09:59:34 UTC
@bunicula @dacoinminster  Stability is achieved via liquidity.  Therefore Bitcoin, as the most liquid cryptocurrency, is really the only obvious choice for basing a cvToken.  No altcoin currently has the liquidity to support any decent volume of cvTokens, much less the responsiveness to handle a rapid growth in demand.  These ideas of alternative incentives are interesting, but I believe that simplicity is paramount.  One simple economic model will be difficult enough to explain and validate, without adding many other experimental aspects on top of it.  Like Bitcoin, if the main concept succeeds there will be plenty of alternative approaches tried.

@phillipsjk I can assure you cvTokens are not a scheme to burn developer time.  They are not even ready to be implemented--that will need to wait until the whitepaper has been published and received significant review.  You are right about code being a simpler explanation, however, and the next step will be to design a simple code model that allows hands-on examination of the cvToken principle.  When it is completed I believe that many of the questions raised here will be easily answered.