This article deals with “Hayek-Style Cybercurrency” and the current implementation of Nu is close to what the author, Kevin Dowd, describes.
e.g.
And this is effectively close to what @Benjamin proposed in his brilliant thread “Some Suggestions To Eliminate Peg Maintenance Expenditures”
[quote]
Rational expectations would then come into play to stabilize the price of coins during
each period. If the price of coins were to go below $1 during any such
period, it would be profitable to take a bullish position in coins, go
long, and profit when the quantity adjustments at the end of the period
pushed the price back up to $1. Conversely, if the price of coins were
to go above $1 during that period, then it would be profitable to take a
bear position and sell or short coins to reap a profit at the end of
that period, when the quantity adjustments would push the price back
down to $1.[/quote]
Why am I writing all this?
The author seems to be well-informed, the article is well-written, using references and Kevin Dowd is presented as “an adjunct scholar at the Cato Institute, and a professor of finance and economics at Durham University in England. Dowd has written extensively on the history and theory of free banking/private money, central banking, financial regulation, and commodity monetary systems.”
It might not help getting the desired attention spamming comments at the end of that article which is already close to two weeks old.
Getting in contact with Kevin Dowd, informing him about Nu hoping that he finds that interesting might be worth the efforts.
It could be he just haven’t heard about Nu so far…
@tomjoad, what do you think of this? Could this be worth writing him an email or a comment?
