Quote from: Come-from-Beyond on February 12, 2014, 05:30:06 AM

Quote from: gs02xzz on February 12, 2014, 03:06:10 AM

Quote from: Come-from-Beyond on February 10, 2014, 10:54:25 AM

Quote from: bitcoinpaul on February 10, 2014, 10:19:10 AM

edit: Or is this a terminology problem, because 'gold coins' are no coins?

Hm, looks like this is a problem with my English. BCNext's idea is that NXTs shouldn't be used as mean of exchange.

For me, this ''mean of exchange" means daily commercial payment method. NXT still can be exchanged with the "real coins" (mean of exchange), as the relationship between gold and USD. But how are you able to make the exchange rate between NXT and the "real coins" constant? If the demand for the real coins becomes high, you can issue more real coins to keep the rate constant. But if the demand becomes low, you can't buy back them because there is no central bank. Do you really need to keep it constant?

Why do we need exchange rate between NXT and "real coins" to be constant?

Did you mean that these "real coins" should not be backed by NXT or other commodities (like gold and silver), but they need to be in certain quantity and created in a PoW fashion?