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.
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This whole line of thinking is very disappointing and archaic. Every crypto can be a store of value, that is nothing special by itself. The market is figuring out the stability and that will take time. People shouldn't enter this space without properly considering the risks.
What if they don't want to "enter the space", they just want to use a decentralized digital store of value? The vast majority of uses for a currency are by people who see risk as a *negative*. That's not archaic, it's the nature of the money biz.
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There's nothing that has value as just a store. The critical part is in the utility and function(smart contract) of that crypto. What is the use case? I anticipate one crypto will eventually settle as a use case for basic value exchange and become the standard. It's still early.
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Something could have value by design if it was pegged to an external value, or if it got some initial speculative value (like most tokens), and then picked and maintained a certain value by manipulating the money supply / interest rates.
End of conversation
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We’ve suffered at the hands of incredible money/market manipulators enough: 2001 dotcom bust, 2008 bank/RE bailout, and QE1-4 since... Satoshi freed us from the 1% sharks. Now build us the right coin!
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