Quote from: joniboini on October 23, 2018, 03:13:16 AM

Quote from: DCFreak on October 23, 2018, 02:58:28 AM

The saving account is going to be a crypto backed stable coin (maybe backed by the checking account coin?)... you don't want to have the stability of the coin based on USD or EUR, it should be a universal currency.

There are a lot of questions I wanted to ask and some points that I disagree. But for now, just wanted to get some clarifications. On your message above, what does it mean by "universal currency"? Which one it is? What is the mechanism to keep it "stable"?

So we want a universal currency that can be used world wide (instead of Euro/USD/EGP/RR...etc) so it wouldn't make sense to make the coin pegged to them. Right now, I'm thinking that it maybe can be stable based on the "checking account" coin and what makes it stable is you can redeem these stable coins to the checking coin and exchange it for anything else (USD lets say) so people will be enforcing this stability as it can be redeemed.

Else it can be stable based on an algorithm.

What do you think? (the entire post is just for brainstorming, maybe we can make one of the greatest decentralized community built coin.)