Comment by codedokode

By the way, here is an idea about new type of coin, that I would call "investcoin". Do you see any potential problems with it?

This would be a coin that is backed by stocks. When you buy my investcoin, you can choose any kind of stock from a preapproved list and I will buy them for your money. If you decide to cash out, I will sell stocks of my choice to repay you. The stocks are managed in a public account, so anyone can ensure that the amount of stocks matches the amount of coins. You are guaranteed a share of stocks proportional to amount of coins that you own.

Of course, hard work of thinking out a hypothetical cryptocurrency must be rewarded, so I will take a reasonable fee from every transaction involving buying or selling stocks.

To make things more interesting, we could manage those stocks by voting of coin holders.

Why this is much better than stablecoins:

- first, in contrast to existing stablecoins, anyone can easily check that I hold the amount of stocks matching the amount of coins

- second, unlike existing stablecoins, the value of my investcoin is going to grow as on average stock markets grow over time

- third, the money that you have invested is improving world economy instead of just burning electricity

- fourth, you can use this investcoin as a mean of payment

- fifth, there will be no promises of ridiculous yield. The stocks are meant to back the value of coin, not to be a source of a significant profit.

Looks like a perfect business plan, or am I missing something?