A "more stable" cryptocurrency

@coblee said on Twiiter that is theoretically impossible to build a algorithmic stable coin.

I wonder I he thinks it’s possible to have a “more stable” algorithmic coin, that holds value not to a specific value (ex: 1USD or 1EUR) but to a more stable value.

For example: the coin could be backed up by a range of cryptocurrencies owned by contracts plus a contractual way to balance the peg-in and peg-out of cryptos over time. Your algorithm could lock up the ins and outs of the dates you decide. The market could decide the value based on the amount of coins, inflows and outflows of attached coins.

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