3 ms·

next step a stable coin based on collateralized cats.

• trfergus 9y ago
  Proof of Kitty
• elmar 9y ago
  People will buy kitty's, borrow against them and use funds to buy more kitty's building a leverage position on Kitty's.
• nahollander 9y ago
  In all seriousness, this isn't a _totally_ unreasonable proposition -- Vitalik proposed an interesting route for creating stable tokens using baskets of debt obligations in a CDO format: https://ethresear.ch/t/collateralized-debt-obligations-for-issuer-backed-tokens/525 https://ethresear.ch/t/collateralized-debt-obligations-for-i... Perhaps unfeasible to appraise given that CryptoKitties haven't coalesced around any sort of stable value, but it'd be interesting to see what the volatility of NFTs like CryptoKitties is in comparison to normal tokens.