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RE: Pegged Cryptos: Are They a Good Hedge Against Volatility?

in #cryptocurrency7 years ago (edited)

I think pegged assets are an interesting idea.

I don't really like that idea for the long term though. I have been thinking about how you could make a currency have no long term inflation or deflation.

The basic idea is to tie the cryptocurrencies value to "human work time" so one token would be worth one minute of a human's time for example

I explain it more in this article. (Don't worry it's short, less than 3 minute read) https://steemit.com/cryptocurrency/@littlejoeward/cryptocurrency-with-little-to-no-inflation-or-deflation

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@heiditravels and @littlejoeward, VIVA has the stability which you seek. A stable currency which will move as the general economy moves. So, what one VIVA Coin buys today, one VIVA Coin will buy 10 years from now.
It is a three-tiered digital economy to stabilize the currency, while also allowing it to trade freely within a range.
Here is the main website (www.vivaco.in); however, you can also get a lot of good information on the blog page (https://blog.vivaco.in). If you, or anyone, has any questions, please feel free to contact me at sherryd@vivaco.in. I'll be happy to talk with

Thanks! I'll look into it!