Hey.
Would I be wrong in thinking that if 1 bitbay were pegged to 1 dollar, it would still be unstable as long as it can only be exchanged for BTC?
Would it be not pegged to a dollar, but to a dollar's worth of BTC, which varies greatly and is unstable?
Just askin'.
I'd say that's putting it upside down. Bitcoin is the volatile currency. You will be able to exchange Bay directly to US$ in the client and on exchanges