darkness
Member
I am currently making a site which will accept DRK only, but I don't want to link the price to USD.
For example most sites give a price in USD and then the crypto amount will vary depending on how much each cryptocoin is worth in USD.
In shops, if the value of an item suddenly drops they just change the price of the item in USD to reflect that. It is not linked to another value (especially not a fiat currency).
If there has to be a basis shouldn't it be a combination of something with actual value? (gold, oil, etc.) combined with number of coins?
I'm not an economist so I'm probably missing something major
For example most sites give a price in USD and then the crypto amount will vary depending on how much each cryptocoin is worth in USD.
In shops, if the value of an item suddenly drops they just change the price of the item in USD to reflect that. It is not linked to another value (especially not a fiat currency).
If there has to be a basis shouldn't it be a combination of something with actual value? (gold, oil, etc.) combined with number of coins?
I'm not an economist so I'm probably missing something major