Post
Topic
Board Altcoin Discussion
Re: How to create Ideal Non-Inflated money?
by
reserveum
on 26/08/2021, 12:33:28 UTC
Hello. Thanks for your answers!

Absolutely, there are many stablecoins now that have financial provisions behind them. But none of them can take the place of ideal money.

1) If we look into centralised custodian currencies like USDT, their provision is very questionable. There is no way how one could reliably check the level of provision behind them, and, most importantly, there is no way how one could exchange these coins for a provision from the currency issuer (Tether company).

2) Centralised stablecoins like DAI are better in terms of transparency of their provision.

However, in both cases, stablecoins are not suitable for becoming ideal money.

By ideal money I mean not only the money supported by assets, but also the ones that are perfect for accounting and for saving. In other words, money with no inflation.

Let's say, we managed to create such money, without inflation, with full provision, and call it Ideal Reserveum.

What are the features of an Ideal Reserveum?

Who should regulate its emission, and how?

How should one form its provision?

How should one define its price?