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_Vimothy_'s profile
Vimothy
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Vimothy

@_Vimothy_

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    1. Patri Friedman‏ @patrissimo 22 Dec 2017

      1/ Watching #btc volatility & thinking about current use cases, I finally appreciate why @VitalikButerin says it's important to make a StableCoin. Ppl should be able to store value w/o taking on all this currency risk.

      66 replies 131 retweets 494 likes
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    2. Vote November 6th‏ @devilscompiler 22 Dec 2017
      Replying to @patrissimo @VitalikButerin

      Cryptocurrencies are emerging technologies. They are by no means ready to offer stability at this stage. Maybe in the future some might be able to stabilize small fluctuations in buy/sell pressure but nothing like what we have today.

      2 replies 1 retweet 11 likes
    3. Patri Friedman‏ @patrissimo 22 Dec 2017
      Replying to @devilscompiler @VitalikButerin

      Right, I'm not suggesting that all tokens (established or new) become stable; just that (as Vitalik has suggested) someone implement a StableCoin: a token specifically designed for stable value. Which is hard - that's why it's interesting.

      6 replies 0 retweets 5 likes
    4. Outsideness‏ @Outsideness 23 Dec 2017
      Replying to @patrissimo @devilscompiler @VitalikButerin

      Not hard -- impossible. Unless it's in a command-control relation to markets, which completely voids the point.

      2 replies 0 retweets 8 likes
      Vimothy‏ @_Vimothy_ 25 Dec 2017
      Replying to @Outsideness @patrissimo and

      You don't need a command economy to pin the value of your money to some asset. See also: the gold standard.

      8:54 AM - 25 Dec 2017
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      0 replies 0 retweets 1 like

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