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RE: Cryptocurrency with little to no inflation or deflation

in #cryptocurrency7 years ago

The problem with cryptos in general is that they are not backed by anything real. This altcoin is to be backed by actual assets and production without the need to trust a third party; like gold, but it has a yield. Token holders can see their assets being managed through a 512-camera on-site security system accessible 24/7 from any web-enabled device: http://moefarms.com/Business.html

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Interesting! I'll look into it. Though I question whether a "currency" needs to be backed by something "real." Currencies are simply a leger system to allow people to barter when they don't agree on what they want to trade. You can always barter a currency because you can trade it with someone else for something you want. That is what gives it value, not being backed by something. That is what makes a commodity different, it has value besides being tradeable. Gold is nice because it can be both, a currency and a commodity. But this unfortunately makes the commodity value of gold go down because the currency value makes the price higher making it unprofitable to use it as a commodity. Hopefully that makes sense. I am writing a post about it right now actually so stay tuned! :)