Re: BiblePay 🕇 Sanctuary Governance 🕇 CPU only 🕇 Help cure disease 🕇 10% Charity
Stable coins such as Tether, TrueUSD, or DAI already exist that are pegged to fiat (USD, US dollar):
https://www.cryptomorrow.com/2018/05/24/stable-coin-cryptocurrencies/
If you want to preserve your BBP value, trade it for BTC then take it out in fiat or a stable coin.
I don't see the point in BBPD when solutions already exist.
Wasting dev time, reinventing the wheel... for what?
i think the idea was burning coins = so they will not be traded in exchanges
but we can burn them in many other ways, just create some bonus system - it will be like game
, burn 10k bpp and you will get some bonus (maybe bonus rac) in next payment. if everybody burns, then nobody will get more like normal, so gamble or create lottery
, buy ticket for burned bbp and win in monthly payment or so The idea is to burn coins to create a stable coin that can be spent or used to accumulate BBP without having to convert to Bitcoin.
Would you want to accept BBP, BTC or any other cryptocurrency for your goods or services knowing it could drop by 2%,5%,10% or more from the time you accepted the payment until the time you are able to cash out to fiat?
My belief is that coins that incorporate a stable coin feature are the future of cryptocurrencies and those that don't will mostly have a harder time staying relevant.
Rob, what are your thoughts on adding a stable coin feature?