4 ms·

Show HN: Kamakara – online cash, no inflation, fully backed

• clishem 10y ago
  How is this a cryptocurrency?
  • wmf 10y ago
    It's not, and I don't see the word "cryptocurrency" anywhere.
  • kamakara 10y ago
    It is a currency that uses the bitcoin blockchain (via counterparty). The term cryptocurrency adds confusion, for instance bitcoin is often incorrectly referred to as a cryptocurrency. (it is a cryptocommodity)
• gus_massa 10y ago
  To get a minimal probability of success, fix the kamakara webpage ASAP. For example https://kamakara.com/details/ https://kamakara.com/details/ > Details - $200 per tonne of Carbon [...] To be applied to all purchases > Detail 2 - The following is placeholder text known as “lorem ipsum,” [...] > Detail 3 - The following is placeholder text known as “lorem ipsum,” [...] Also, what does fully backed means? If someone buys $10000000 today, and wait for one year, then must be able to sell for $1020000 (assuming a 2% inflation in USA). How are you planning to get the $20000?
  • kamakara 10y ago
    Thanks for the feedback. US Treasuries will be purchased to ensure value is maintained.
• fiatjaf 10y ago
  What?