Is This Crypto Concept Crazy or Is it the Key to.a Real Virtual Nation? - Miyagi Mornings Episode-97

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If you have not seen it yet I recently did a presentation on digital privacy at the D3 Tech Summit [ https://bit.ly/3u9SGF7 ] sponsored by The Conscious Resistance (Derek Broze and John Bush). One thing I said in it was that we simply do not need a new token or coin for every project. And yet today I am going to lay out a concept which likely would require a new coin, though I don’t know anyone has ever done anything like it. May be it is a good idea, may be it is terrible, who knows.

Join me today as I discuss a way were perhaps we could create the ultimate hard backed coin, one that is not mined, rather generated by depositing another crypto to a blockchain that mints new coins based on deposits of another coin, then automatically redeems them to anyone that wants them at a fixed rate of exchange.

Of course we make the new coin totally private, we accomplish a lot with this, it may be fairly easy to do or incredibly complex, I really don’t know but if we are ever to create a block chain based truly uncensorable social media platform that is to become a real virtual nation, this may be the way to get it done.