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RE: CARBON - Trustless Stable-Coin Alternative Federal Reserve

in #steemhunt6 years ago

Until crypto is stable for crypto2crypto tethers fiat is an inescapable reality. Tethering to some sort of fiat-free basket is probably the only course for crypto stability.

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That is exactly what Carbon is going for. It's probably going to be the first base currency in the cryptosphere and since they use an algorithm based elastic supply instead of backing themselves wit real world asset reserves the scaling is going to be much easier.

Being on Hashgraph is extra helpful for the cause.: https://steemhunt.com/author/@vimukthi/hedera-hashgraph-asynchronous-bft-faster-and-scalable-than-eos-privacy

That stuff Hashgraph is fascinating. If that initiative succeeds and they manage to get big name/serious folks on their "Council"... It's possible this has much better potential for adoption outside of crypto circles -- those suspicious of crypto projects might be more trusting of its approximation of a "traditional" corporate structure.

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