Quote from: ChuckOne on February 07, 2014, 05:49:45 PM

Quote from: Anon136 on February 07, 2014, 05:41:53 PM

you know guys. we could cut out the dollar by tying our main token that we trade with to something extremely liquid but lacking other properties of money. the nxt token representation of the object will give it its strong money characteristics and the high liquidity of the item its tied to could give a stable and recognizable price.

so just as an offhand example, the basic pricing could be done by having the main medium of exchange be a token that represents 1 egg. say i am an egg farmer, i issue 1 million grade a egg colored tokens. the nxt/egg cross becomes the deepest and most liquid token in the market and so then nxt becomes priced in eggs. if you want to know what the value of a nxt is in dollars then you go to the supermarket and check out the price of eggs and just do the conversion. if you want eggs than you just trade 1 token for 1 egg to the egg farmer.

eggs probably bag example. ill try to think of something better.

Don't see how this should convert to real egg prices? If we cut out the dollar and the supermarket only accepts dollars then there's no link between real eggs and nxt eggs.

Supermarket should accept NXTs then we get the price real.

Apparently BTC China is using vouchers.

http://www.cryptonews.biz/btc-china-selling-vouchers-on-chinese-auction-site/

http://www.reddit.com/r/Bitcoin/comments/1tnf8e/btcchina_adds_a_fundingwithdrawal_option_btcc/