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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I agree that it would be nice if it can be made, but as you say *highly* non-trivial. Can't wrap my mind around how an asset could "reject pricing" and instead make more of itself as demand increased, w/o manipulation possibilities..
Well, Maker DAI basically has interest rates that fluctuate to try keep the price to a currency basket peg. They just launched so we'll see how it does in practice.
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Yeah, will be interesting. I'm just not going to take the bet that a pegged value like that will hold.. I'm more waiting for Bitcoin to grow as big as it wants to be, which should bring stability as everyone who wants in are in.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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