Capability to hold a stable user-defined value, such as an ounce of gold or U.S. Dollar, with no need to trust a person promising to back up that value
This is a bit of a concern. I skimmed through the white paper and saw the plans for moderating supply and using an escrow reservoir.
It all seems a bit... Norman Lamont-y though.... I understand the escrow aggression level, but the escrow will still behave entirely predictably, right? As such, what's stopping rich people trading against it?
Maybe I just don't see the attraction of artificially stable commodities.