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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Thank you. That answers my age old question how a coin which is supposed to be every day payment option can also be a HODL? I asked the same question to
@SatoshiLite few days back, didn't get an answer.
Right, value fluctuations don't matter for payment, you just convert into it at time of purchase at market rate. But for store of value, most customers want stability, this is money they're saving, not betting at roulette.
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Well, the payee can insta-convert out too, presumably.
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That's true, you'd need pretty fast transactions. And at that point, why even have a transfer token with floating value? I'm getting kinda skeptical of the utility of floating-valued transfer tokens....
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