Hey folks I’ve got a question. Warren Buffet said something like this:
“One of the big problem with Bitcoin (and other cryptocurrencies) is that they are not really a currency in one regard.
For example, if I buy a computer with Bitcoin, the company tells me the price in dollars/euro and how many Bitcoin I have to use to buy one. The BTC price changes constantly. The price quoted is not a fixed Bitcoin (crypto currency) price, but instead it’s a dollar/euro price.
To make a currency stable, a part of a market has to quote prices in that currency. For example oil is always listed in dollars. This gives the dollar stability; you need dollars to by oil.”
ChainBLX is doing something innovative with their crypto currency BLX-MF. Not only is it asset based, but they also require that the currency be used within the ChainBLX system. You need it when you mine, list and ICO.
So my question is: Does the mandatory use of BLX-MF make it more of a real currency in comparison to other cyrptos?