Quote from: yazher on Today at 05:22:58 AM

Diamonds eh? I've heard parrots and Pig before but diamonds, maybe some kind of innovations that will make the crypto industries evolve into something new.

Stable coin backed by pigs in a farm? You're trolling or it's for real?

))
OP... this guy's idea makes more sense

)

Quote from: Pffrt on Today at 01:47:09 PM

Stable refers to the price of Diamond here, not necessarily as the same of stable coin of USD.
I think they will run ICO/IEO or any other fund raising campaign from which a certain fund will be used to get the diamond which will be reserved for the coin anytime to be liquidated. However, I don't think it's as easy as people may think. Most of the GOLD stablecoin claimerd barely had such amount of GOLD backed in reality. Such a project got raid a year ago if I'm correct.

There is no such thing as a "general price" for diamonds. Even uncut ones...
https://www.diamondregistry.com/5-carat-diamond-price/

Might as well say backed by cars. What type of cars? Cheap cars...
WTF are we talking about...