Can a cryptocurrency be stable without inflation?
Faircoin featured today in cointelegraph as example of currency than can be stable with steady growth
There is many places of the article that talks about faircoins. Here is one:
The grassroots movement
Ultimately, if a currency can pull all of the above off, the best way would be through bootstrapping the entire process. Bootstrapping, however, requires everyone within the system
to believe in the currency far beyond the value that it can be traded for at the moment. A good example of this is FairCoin, which is part of a global grassroots movement led by the team at FairCoop. Here, their strategy is to build a large cooperative ecosystem, where every business cooperates to provide users within the ecosystem, maximum value, not simply because of the greater good, but because it helps create strong value propositions for using the currency.
They’ve got strategic partnerships in place all over the world that lets them have thousands of ATMs, official local exchanges in 25 countries, debit cards and other infrastructure benefits that make it easy for mass adoption. The nice aspect of this strategy is that they get to grow out a strong stable base without being in the limelight. The difficulty they will encounter is that they have to execute this plan mostly in the shadows, without marketing. This means that they will have to rely heavily on strategic partnerships rather than being able to sell the coin to raise funds. They will have to basically bootstrap this until they can attract investors that believe in the currency without looking at Coinmarketcap (which is only a representation of marketing efforts and influx of capital).
Coinmarketcap.com doesn’t represent the true value of a coin, in fact, it highlights potential problems that are in some cases irreversible.
Published at Tue, 11 Apr 2017 05:06:14 +0000
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