I’m wanting to create a form of crypto currency that is loaned into creation, the idea is to never have more in circulation than the amount of debt that creates it.
I don’t know much about crypto currencies, I know Bitcoins and some others must be mined, and that is not what I’m looking for, as I need to create this currency based on the demand for loans.
When the loans are repaid, I need this amour of currency to cease to exist.
Obviously I would like it to be as hard as possible to counterfeit, so I’m looking at blockchain.
Is this type of scenario possible with blockchain, or does it relay on “mining” for creation?