BitShares Forum
Main => General Discussion => Topic started by: kingslanding on October 14, 2017, 12:07:18 am
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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.
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it's nonsense that uses ideas worse than nubits
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it's nonsense that uses ideas worse than nubits
How is this the case? Explain?