Yeah if you want anonymous cypherpunk internet cash it needs to be something that doesn't have wild volatility.
Ideally, not something where every single transaction can be traced since the beginning either 😂
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my main concern is that it isn't backed by anything
" but neither is the dollar ! "
i thought we're trying to do better than the dollar ?
when Ron Paul was asked a related question he said money should be backed by " a basket of commodities "
that was a good answer for a 80 year old, but actually it should just be backed by the cost of electricity - which is the most fundamental commodity now and for the foreseeable future.
How can the volatility of monetary assets be lowered without central coordination?
Transaction links can be broken by coinjoining, and heuristic analysis can be broken by different transaction constructions.