What happens if this non-profit vanishes, or becomes insolvent overnight? For example, if the founder of the non-profit takes all the USD and disappears? Your cryptocurrency suddenly becomes entirely worthless, and there doesn't seem to be any way to prevent this scenario from happening.
The only viable way to accomplish this that I can think of is to have a large government run the system, not a non-profit. And since you're tying the value of your cryptocurrency to the USD, perhaps having the United States government run the thing isn't a bad idea. Although it's hard to imagine what the US government would stand to benefit by enabling this system.
The only viable way to accomplish this that I can think of is to have a large government run the system, not a non-profit. And since you're tying the value of your cryptocurrency to the USD, perhaps having the United States government run the thing isn't a bad idea. Although it's hard to imagine what the US government would stand to benefit by enabling this system.