This feels like an attempt to embrace a new world while still being stuck in the old. The blockchains have the potential to introduce entirely new sets of economic rules based on mathematical abstractions that aren't possible in the real world. While some tethering to the physical economy is useful, a coin entirely leashed to the price of a hard commodity feels unnecessarily restrictive.
Dubai will also be releasing automated cars earlier than many other countries.
Isn't the same concept as bitgold?
This feels like an attempt to embrace a new world while still being stuck in the old. The blockchains have the potential to introduce entirely new sets of economic rules based on mathematical abstractions that aren't possible in the real world. While some tethering to the physical economy is useful, a coin entirely leashed to the price of a hard commodity feels unnecessarily restrictive.
I'm not giving my money to ISIS