Re: [2014-07-09] Have Brock Pierce and Realcoin copied Coinaaa?
Coinaaa has a centralized blockchain making it impossible to attack (or mine).
Have you listened to yourself? You can't artificially increase 'value' or price over time unless you're controlling the whole market and fixing prices, prices are affected by the the amount of money in circulation and the total supply of money, you sound suspiciously like a neo-keynesian economist and you're overcomplicating something that is actually pretty simple.
I'm also not about to trust a coin developer that hasn't listed the total supply of coins and how many dollars will be flooding the market, it all stinks of a con and so does the coin being promoted on this thread.
I'm also not about to trust a coin developer that hasn't listed the total supply of coins and how many dollars will be flooding the market, it all stinks of a con and so does the coin being promoted on this thread.
If you take the Realcoin people at their word, what they are actually trying to create is not a currency - it's a bank. You have an institution that accepts deposits as a custodian, and issues promissory notes which can trade as a medium of exchange and redeemed on demand for the underlying asset.
The price of the notes is the price underlying assets combined with a discount which accounts for default risk, combined with a convenience premium which accounts for the improved liquidity of the notes compared to the assets (which might be 0% or negative).