Post
Topic
Board Altcoin Discussion
Re: [ANN] The Epic 420 Alliance Joint Force - United we stand!
by
altcoin.center
on 01/12/2014, 23:12:58 UTC
The price of many of these coins could be manipulated so easily. Especially the newer ones like STV. Someone could raise the marketcap of STV higher than DOPE for < 1 BTC. DOPE also could be worth 1000 sat next week.

That is the case - unless there is something concrete the prices are bound to. Which is precisely what is in the plans.

I don't think price can be used while working together. It has to be a totally different way of working together.

There might be a way to do this, though.

The price could be defined through an intermediary coin that would only exist for the sole purpose of providing a stable value towards which each participating coin's value would be calculated based on factors such as maximum amount of coins available, etc.

The intermediary coin would be bound to a natural resource with stable value, in a way that would actually make that resource available to anyone who would want to buy it using any of the participating coins.

We've been going through the idea with Dopecoindude and I've also discussed it with one of the most resourceful people in the Bitcoin scene. I can assure you the plan is most certainly doable, and it would be a big game changer indeed. Can't go further into the details yet though; things need to be prepared well this time.

- Jyri
--
Altcoin.Center