Post
Topic
Board Economics
Re: Is TERRA/Luna kickstarting a new Bitcoin Standard?
by
LoyceMobile
on 13/05/2022, 11:18:42 UTC
I don’t know where you got the idea of a dollar related bitcoin standard; maybe I wasn’t clear about this.
I got the idea from mentioning UST, which is "backed" by Bitcoin for it's dollar value.

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My idea of the bitcoin standard is precisely what you described with your El Salvo coins
In that case: it turns out we agree all along Wink

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Of course, this ElSalvo token must enable some unique feature To justify its existence and use instead of bitcoin itself.
That's why I used the example of physical banknotes. It's quite unique nowadays already if they're backed by anything, but backing by Bitcoin would be unique for sure.