Quote from: altcoin.center on December 01, 2014, 11:04:33 PM

Quote from: Hollowman338 on December 01, 2014, 10:49:27 PM

Also, would this venture attempt to peg these currencies to each other? If anything like that, why would any copypasta pump and dump coins be lumped in?

The idea of having the participating coins connected with each other using the side chain method has been one of the options on the table, although this is the kind of stuff that definitely has to be discussed when the initial board of representatives exists and is functional.

There should be clear standards regarding the issue of accepting new participants - for many reasons, one of them being that we do in fact have an idea about how the participating coins could have their value bound to a very concrete natural resource with stable value.

The plan is to create a whole new level of stability for the participating coins, and that implies it's not possible to take new coins aboard just like that. Too low standards would also destroy the whole point of the alliance, which is to increase and enhance not just financial stability but also credibility of the participants.

- Jyri
--
Altcoin.Center

So let us see where this goes then. Cool