Post
Topic
Board Altcoin Discussion
Re: Reserveum: How to create Ideal Non-Inflated money?
by
thecodebear
on 15/09/2022, 12:51:03 UTC


Let's talk about this thing: How to create Ideal Money?

Why don't we call our hypothetical perfect currency, let's say, RESERVEUM. There is double meaning in this name:

1) an ideal currency of the future that must be totally asset-backed.

2) an ideal currency that is to become the global reserve in the future

Is it even possible to create such ideal currency?

What features should it have?

Please share your thoughts and opinions.


You are just describing Bitcoin. Though Bitcoin isn't backed by another asset because it is itself the non-inflationary backing. Assets that are valuable and useful and have low inflation or non-inflationary in which the inflation can't at all or can't easily be changed are the assets that back weaker currencies and therefore don't need backing themselves, and this is Bitcoin.