0
0

[–] gfring 0 points 0 points (+0|-0) ago  (edited ago)

Yes. Nobody wants to use a currency for every day stuff that fluctuates so much. Ask people from Zimbabwe, Venezuela or Argentina, for example.

0
0

[–] Waterr 0 points 0 points (+0|-0) ago 

pegged to a currency or just stable? the only way to try and make market stable currency is to have a large body with enough assets to balance market forces. Look at what's happening to the peso, it's very hard to have a stable currency of any type. Even the USD buying power has fallen 87.3% from 1990. Currency has to be reset if history is correct.

0
0

[–] miv [S] 0 points 0 points (+0|-0) ago 

Well l guess we have to ask the higher level question of, "what is stable?" Or, stable compared to what? I would say USD is the most stable option out there, but you're correct it isn't perfect and historically all paper money does go to 0. All of these 'stable' coins have a target price of 1 USD. That does not mean they have to be pegged in this sense: https://www.investopedia.com/terms/p/pegging.asp

Many of these coins float around a target price. Averaged over time, the price of the stable coin is 1:1, but during any particular snapshot in time the price could be greater than or equal to 1.

the only way to try and make market stable currency is to have a large body with enough assets to balance market forces

I disagree with this point. The size of the market helps stabilize an asset, but it is not the most important factor for determining a stable price. Gold is a large and mature market, yet its price moves too much to be used as currency. In my opinion, BTC or any other fixed supply coin will never be stable, no matter how large its market becomes. Market cycles will always have their way with these assets.

0
0

[–] SyriansAreTerrorists 0 points 0 points (+0|-0) ago 

I'll keep using this money that the jews printed.

0
0

[–] miv [S] 0 points 0 points (+0|-0) ago 

Try not to get blood on your hands.