I think it was Ven that was the concept I liked where you build a currency on a bunch of commodities targeted toward stability. Clive Robinson on Schneier's blo

I think it was Ven that was the concept I liked where you build a currency on a bunch of commodities targeted toward stability. Clive Robinson on Schneier's blog had previously described that as the best solution then I stumbled on Ven. http://www.popsci.com/worlds-most-stable-currency-is-backed-by-carbon http://www.popsci.com/worlds-most-stable-currency-is-backed-... So, my scheme was to put something like Ven in a sane country such as Switzerland under a nonprofit/foundation with strict rules aimed at preserving stability, security, innovation of ecosystem, and cap on admin overhead. If that works out pretty well, we can try a decentralized version of the same thing. Meanwhile, centralized can already work very well. Just eliminate as many incentives to mess it up as you possibly can to make it better. The big brains haven't explored this option enough since they want a crypto/algorithmic solution to hard problems instead of using the well-understood systems of law, accounting, and safe investments. There's also a strong preference for decentralize stuff highly-likely to fail vs centralized stuff way better than what we have. I think that's ideological or even youth-related.