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I'm even thinking (outside the box here) that one could say "This is worth 1 USD, and is to be used only for purposes of transferring value between accounts".
by curiousquestion 13y ago
I'm even thinking (outside the box here) that one could say "This is worth 1 USD, and is to be used only for purposes of transferring value between accounts". Rules-based system where everyone participating in that particular ecosystem is participating based on the rules set forth by the coin. It's obviously not supply / demand, but since technically it's never used for anything but transfer of value, you're simply creating a mechanism by which people can avoid transaction fees (ie. PayPal, and name your current cc processor).