Looks like basecoin is getting a lot of backing from crypto investors. It's trying to create a decentralized stable cryptocurrency pegged to an instrument such as the USD, CPI, or a basket of currencies. Here's the whitepaper:
http://www.getbasecoin.com/basecoin_whitepaper_0_99.pdf
http://www.getbasecoin.com/
It tries to peg its currency using economic supply/demand theory touted by central banks. It uses 3 tokens to help expand or contract the supply: basecoin, base bonds, and base shares.
Sounds nice but how these tokens interact in the real world is another question. It even gives drawbacks of bitshares' bitUSD; don't agree w/ the first point.
Even if basecoin doesn't work perfectly it may get more traction than bitUSD just because of the people backing it.
it's nonsense that uses ideas worse than nubits
Quote from: moinyoin on October 14, 2017, 01:39:17 AM
it's nonsense that uses ideas worse than nubits
How is this the case? Explain?