some are. some aren’t. In any case, blockchains can allow anyone anywhere to start one
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Then don't we return to the original question of what currency or coins are stable in relation to?
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I simply doubt people will want state controlled fiat in a world of competing, unseizable, unstoppable, open-source, uninflatablr cryptocurrencies
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That thinking will send you insane at about the same time
@saifedean finishes counting his money from the suckers who bought his book -
why is this thinking insane? Can you provide concrete reasoning
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Going back to the point about stable coins, i asked what are they stable in relation to? A basket of commodities, food and rent? The basis of such an index is the basis of bitcoin. It's geopolitically diverse and apolitical. It can be the basis for stable, comparable money
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Can you answer exactly why people wouldn’t just hold Bitcoin itself?
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Why would they prefer one money over another if each hold the same value?
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I've said this a lot but I really think the unseizability of cryptoassets are their most undervalued and underappreciated feature
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