whoops sorry... of course we have a super stable currency that is nearly impossible to manipulate.
Anyway looks like I don't have much more to say about the topic of this thread. Who got hundreds of coins have that, who got a million will be lucky anyway. Not my problem unless it stops bitcoin from going mainstream. Do we still want that?
:-)
It has been my contention since the beginning (almost 4 years) that this thread's topic will be what stops bitcoin from going mainstream.
So let's talk about this...
If there were a value stable COMPLEMENT to bitcoin (something like GEM, EnCoin, et. al.) which was created as stable "swap space" for speculators when the bitcoin market is falling,
Would that stable currency eventually gain dominance because it alleviates the need for bitcoin in the first place?
Specifically, would "stable coin" become the primary "currency" for setting prices, measuring value, making loans and paying off debts. While relegating bitcoin to "scarce commodity" status. Furthermore, would there be any point in speculating in a "commodity" with no particular use except as a currency?