My dad suggests an alternate proposal to make a stablecoin; rotating between a group of trusted sources/sinks of tokens, (he's an economist who was on the original cypherpunks list) https://daviddfriedman.blogspot.com/2017/12/stable-cryptocurrencies.html …
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I’m a fan of your dad’s work. Thinking about this some more: why do we want crypto stability against fiat in the first place? We like a rise in crypto/fiat. And to guard against drops, can use traditional hedging (like
@Prism_Exchange)
Most people don't want to speculate on high-risk investments, they just want to use money. Having a currency also be a high-risk investment may seem great when it's rising, but tying them together makes it a less useful product.
