How can it be stable? Compared to what? There can be no central entity determining the supply of this crypto, because they is exactly the antithesis of the value proposition for bitcoin.
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Isn't the whole point of cryptocurrency to get away from the destructive monetary policy of central banking over the last 100 years, and gravity towards sound money (21 million supply, deflationary) ? Why can't we just let the central banks die?
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1/ In a way. But in this case, you would be replacing the Central Bank of a group of men behind closed doors with an auditable, verifiable Algorithmic Central Bank The whole point is that we need a cryptocurrency that can be used for payments.
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2/ Nobody is using Bitcoin to buy things right now. Everybody is HODLing. Original vision was Electronic Cash, but it became more like Electronic Gold. There needs to be a payments and nanopayments coin.
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3/ And that coin will be the one of the biggest by far.
End of conversation
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And thank you for link.
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