Brian Armstrong proposed the creation of a so-called “flatcoin” – a decentralized stablecoin designed to track inflation for preserving purchasing power. This token could be backed by a basket of assets or function algorithmically.Armstrong noted that there are already services that could potentially track inflation to further decentralize it. According to him, people are not willing to spend bitcoins, and stablecoins backed by fiat currencies suffer from inflation just like regular money.He then suggested implementing a “reputation on-chain” systеm, which would assign ratings to addresses or names within the Ethereum Name Service (ENS) based on their activity on the blockchain. This systеm could be used for credit and fraud prevention.
