Bitcoin is intended to be the "stable coin" if it's working properly. It's value should be a very predictable function of the economic activity happening on the network. If the economy is growing bitcoin value should increase steadily once it reaches the "logistic" growth phase.
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Replying to @josephkunzler
There is a chicken and egg problem. Bitcoin (product) is only usable as a store of value when it is huge and more stable at multi-trillion mcap. But it can only get there via a wave of bootstrapped speculation in a self-fulfilling prophecy.
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Replying to @MustStopMurad @josephkunzler
On the contrary, *IF* stablecoins are stable, they fulfill their “product” immediately. The market for a functional stablecoin is enormous.
3:37 AM - 25 Feb 2018
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