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Right now, they don't generate revenue when the basket is only: USD + Yen + Euros. But it is designed so they can switch those out for Gov bonds, corporate bon
by HashThis 7y ago
Right now, they don't generate revenue when the basket is only: USD + Yen + Euros.
But it is designed so they can switch those out for Gov bonds, corporate bonds, real estate (REITs), etc.
- bobthepanda 7y agoGov bonds, corporate bonds, REITs, that today all pay USD, or Yen, or Euros, or what have you. So still based on fiat. Except this revenue basket just looks like an opaque, complex security, and we saw how well that turned out during the last financial crisis.