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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Not hard -- impossible. Unless it's in a command-control relation to markets, which completely voids the point.
Why impossible? For the easiest example, suppose the system automatedly helicopter drops/steals to expand/contract money supply based on an oracle of StableCoin:USD price, to maintain a peg? That's a proof of concept.
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Okay. But then it's just a USD tracker-coin. If there's actually a market for Robo-Fed it will be sad in a way that's hard to articulate.
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yes, but
will be . the command economy didn't last almost a century for nothing: apes love security well above freedom. -
the crypto economy only escapes that to the extent that it's intrinsically realistic, and thus cannot promise anything.
End of conversation
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Would anyone buy that?
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