(Originally posted in Alternate Cryptocurrencies forum)

I would love to see a P2P currency work, but I have serious doubts about current-day P2P currencies.

The most important thing any currency needs is (at the very least) day-to-day stability of value, and no P2P currency that I know about has that yet.

The best way to create day-to-day stability would be to peg the value of the currency to a big currency or a basket of currencies, which is what most developing and/or small countries do--at least until the currency is stable enough to be allowed to float.

I don't think it would be technically simple to create a P2P currency that works that way.

That being said, does anyone know of a P2P currency that pegs its value right now?