Sounds like the same fuzzy thinking behind NoFiatCoin, 'The coin will "be valued at 1 gram of gold at the day's market price..."'. Ripple Singapore's currencie

Sounds like the same fuzzy thinking behind NoFiatCoin, 'The coin will "be valued at 1 gram of gold at the day's market price..."'. Ripple Singapore's currencies are an actual digital version of Hayek's proposal for competing currencies, defined as and redeemable for a specific weight of metal.