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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A Price-Stable Cryptocurrency. But against what?
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First years - USD. Later - Global CPI index (average prices of food and rent around the world).
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Average price in which currency ??? Don’t you get it ?????????
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It will simply make sure it’s pegged to an Index. As long as it still buys you 5 breads a year from now. Currency doesn’t matter at that point. Do you get it?
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Of course it does matter! Bread will be bought in local currencies! The only way to have a global index is to peg it to a particular currency which can fluctuate against the local ones.
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What if the breadmaker accept stablecoin as payment?
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it would mean that all bread in the world would have the same exact price and that we all fall into a global communist society ;-)
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It would be a weighed Index. It could cost 3.4 stablecoins in New York and 1.2 stabecoins in Thailand.
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