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.
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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I give up !
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Karl Marx had also beautiful theories and we all know how it ended up.
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I despise Marx and support free markets.
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