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.
-
Show this thread
-
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 -
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 -
Not hard -- impossible. Unless it's in a command-control relation to markets, which completely voids the point.
2 replies 0 retweets 8 likes
You don't need a command economy to pin the value of your money to some asset. See also: the gold standard.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.