Community

Sorry but I would respectfully disagree that you can possibly peg a currency with an algorithm. A peg means that at any time, a market regulator would be taker or seller of any quantity. The only guarantee of it would be the size of its balance sheet and access to funding liquidity. The process you describe may ensure that the price is balanced, but there would be no guarantee that this underlying transactions can happen at that price. Worse, if there is a perception that is a claimed but merely virtual peg, it might attract the "predators" of the markets who will rightfully correct the discrepancies.

While digital bank can quickly acquire client accounts, do any one of them return a profit yet please?

As central banks prepare to launch cryptos for banks to issues coins against, what will be the remaining use case for the likes of Bitcoins or Ethers who will comparatively remain opaque instruments?

In the words of Bundesbank's Weidmann, a breakthrough application is missing so far. Now the idea of people sharing the same data, within different individual applications and environments is not going to disappear. Blockchain remains the future.