2013/11/26 Jim Bell <[1]jamesdbell8@yahoo.com>

     At this point, how much real 'risk' would there be in a new digital
     currency?  Far less than BTC.

   I think this is a very interesting question. You're still left with the
   same problems though. Unless you can make the coin's real-life value
   constant in some way. Best I can come up with is increasing mining
   payout with the difficulty. That'll link the value of a coin to the
   cost of mining, directly. Meaning you can turn electricity into coin,
   but not the other way around. I suppose you'll need demurrage because
   else the coin will inflate beyond making mining cost neutral, and the
   mining rates will decline accordingly.
   Actually.. Why isn't this how Bitcoin worked in the first place? Maybe
   it just complicates things too much.

References

   1. mailto:jamesdbell8@yahoo.com