Same with bytes as stablecoin collateral, can't sell the collateral if nobody makes a stablecoin that requires bytes for collateral.
course who builds a house on a crappy foundation
Those who don't listen to whiners FUD, but actually build something because they can see the potential and they have learnt how Obyte really works.
Already 6 rounds of developer contest done with new features on TESTNET, 1 more to go, but you still spreading pathetic FUD.
https://medium.com/obyte/sixth-round-of-obyte-autonomous-agents-developer-contest-6aa89bedd712nobody builds a stable coin there
Maybe the cryptospace doesn't need any more stablecoins, many exchanges already have multiple. Especially, no need for more stablecoins, where you need to trust someone (Tether, Libra) or which require lot of collateral (Maker DAI).
There has been much more interesting ideas on developers contest than yet another stablecoin.
bro, even if someone wanted to create stablecoin on obyte, they would not do this because of problems with liquidity. Stablecoin must have a liquid collateral, otherwise the whole system will collapse after the first dump. Before writing stupid answers, understand how the collateral system works, what is liquidation and how its triggered
Nonsense, DAI for example is very over-collateralized, so even more volatile altcoin could have even crazier conditions for collateral and liquidation. I think you don't understand the reason why there is the over-collateralization and automatic liquidation when collateral price drops.
There is nothing that would stop somebody to create a stablecoin with autonomous agents. You make it sound like developers build stuff just for themselves to profit and they could not make it profitable in any other way than using it themselves.
You are also assuming that everyone would instantly exchange all their funds to that stablecoin, so there would suddenly be too much bytes to be liquidated. And even if would get liquidated, some lucky one would get lot of cheap bytes and GBYTE would just find a new lower market price.
I am not saying that somebody should do a yet another stablecoin (don't see the need), I am just saying that it can be done even if it is not instant success. Your approach seems to be for everything that nothing cannot be done. Not sure why you are still here, weird fetish.