First years - USD. Later - Global CPI index (average prices of food and rent around the world).
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I intimately know how it ended up because I’m from the post-USSR. Stablecoins hold a promise of a usable, uninflatable currency. Both Bitcoin and a working Stablecoin could make oppressive regimes collapse.
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I am from France but don’t know how to make cheese. Being from a communist country does not make you an expert in the matter. Pure sophism.
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I never said I was an expert. You just feel uncomfortable being challenged. Be more open-minded to new ideas.
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And you are now starting to troll me? Where did you see that I was uncomfortable? Do you at least understand the concept of a value? There is nothing such as a stable value! Can’t exist! Whatever the nobel prize.
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It doesn’t need to be always be strictly $1.00, just much much lower volatility than Bitcoin today. That would already be very useful. 0.97-1.03 band movements would be acceptable.
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! So you want a coin which is stable against USD, one of the less stable currency of the 20th century? Tell me again why you want to invest in crypto currencies?
Why not buying $USDT then?pic.twitter.com/aSpvXitFD6
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The plan is to peg it to USD for the first 5-7 years because it is cognitively convenient for bootstrapping stability initially, then transition fo Global CPI index afterwards. I take it your didnt read the Basecoin whitepaper there will be stable Basecoin and volatile Baseshare
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I do not need to read the white paper to understand that it is nothing else than a scam or the idea of crazy people. Reminds me on which currency is defined the global CPI index already
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