I think a digital currency backed by a hard currency (like gold) is a perfect offering for the market. One of the big advantages of a parallel monetary system (like blockchain) is that the market could experiment with different products like that and the market participants could be the deciders of what the system ends up looking like.
Perhaps it is better to back digitial system with hard currency--in that way you have two independent, one that is very difficult change.
I think a digital currency backed by a hard currency (like gold) is a perfect offering for the market. One of the big advantages of a parallel monetary system (like blockchain) is that the market could experiment with different products like that and the market participants could be the deciders of what the system ends up looking like.
Thanks for the note and agree.