buy BullwinkleBux. Just like kryptoScam, but, I just keep all the money.
Well in order to make your idea work we need to understand what are the problems with the current cryptocurrencies. Why is Bitcoin bad?
Because for a value unit to have meaning it needs to be based on trust not rarity or speculation.
Real monies are relatively stable because they are relatively stable.
Commodities that fluctuate wildly in value are not useful as currency.
BullwinkleBux, however, are a great investment opportunity.
OK. So if we could somehow achieve relative stability in a cryptocurrency it would remain stable because it's stable?
What are some ways we could achieve stability? Base it on something with intrinsic value - at least in the beginning? (Isn't that how the current system got started?)
No. The current system got started because barter only works on a very small scale.
My crop of basil has value for a few days until it wilts. Your batch of cheese will taste better next year. I need a plow. The blacksmith is lactose intolerant and hates basil. I worked all season and now I'm fucked.
How do we normalize work and product value? We agree on a monetary system. We trade notes with an agreed upon value. Notes that will have the same relative value next week, month and year.
The blacksmith is screwed in this scenario, but, he can go trade with others who have what he wants.
BullwinkleBux, however, are a great investment opportunity.