I went to a seminar the other day (in Tokyo).
There was a presentation about Bitcoin and its issues.
One of the issue was stability.
The company behind the seminar said they were developing a stable electronic currency…
They were not aware of NuBits.
I said that NuBits solved the issue of stability by controlling the supply.
They said: what supply control? No need for that, we just do the pegging…
Which makes me wonder: is it possible to create a stable currency with no supply control…?
In other words, what about creating a central bank that issues a currency and that guarantees the redemption of each unity of currency for 1USD based on reserves of USDs that the bank has?
In that case, no need for buy/sell walls on multiple exchanges…
People would not sell below the peg and buy above the peg on those exchanges because they would believe they can go to the central bank to get redeemed?
Does it means sense?