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Hybrid currencies
One topic I an interested in exploring is the potential for nouveau currencies, including digital currencies, to be backed by a commodity, such as gold or silver. How would such a currency benefit? Which commodity should the nouveau currency be tied to? This may include commodities other than metals. How could investors in such nouveau currencies hedge against fluctuations in the backing and/or the currency's exchange rates with other currencies? How could one go about calculating the valuation of a nouveau currency based on its availability and the availability of the commodity to which it is bound? Perhaps this could be treated in much the same way a note is composed and evaluated. It may be as simple as applying the same sets of calculations used in measuring risk within certain financial instruments.
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