[NEWS] saga & volatility or how it shouldn’t be done [MAR 18]
hello buddies. i was busy as usual, but this one might be important and i would like to write a few words about.
project website: saga.org
news: https://qz.com/1235277/saga-token-nobel-winner-myron-scholes-on-team-launching-low-volatility-cryptocurrency/
there are some big names involved into saga project aiming to solve one big issue w all crypto as well as bitcoin. volatility. what they wanna do? well… 🙂 they are about to make a crypto w fiat fractional reserve. funny. ppl might use it, but they will not love it, will not trust it… its like this: i might solve volatility, but i will kill decentralization. oh boy… first premise of bitcoin is decentralization, if u kill that, you look like a scammer. period. yes, it might work to some extent, but make no mistake its doomed.
here are my thoughts on the price volatility issue: it can be improved by having an automatic process of coin burn & coin print based on other factors something like number of transactions or number of nodes or number of something 🙂 kind of like mining difficulty that rises n falls as number of transactions changes.
“Automatic supply coin” ASC 🙂 designed correctly, can rock 🙂 or that thing can be built on a top of bitcoin or litecoin. doge? don`t think so 🙂 nano? well… there might be issues w decentralization n maybe security… lets stick to btc n ltc, ok guys? 🙂
please visit https://smarticinig.click/ a quiz website and have fun!