There are various reasons for using Bitcoin now but the reason it was created is as an electronic Cash for making online payments (based on its Whitepaper). Bitcoin works well as a means of payment but the volatility is still something. So I have been wondering why bitcoin was not created as a Stable coin?
Because it purpose and design was to create a decentralized digital currency with a fixed supply and deflationary monetary policy, the ideal of a stable coins emerges after bitcoin was created and it sole purpose was to solve issues related to volatility.
Bitcoin was created as a decentralized asset to make out of government control. Because if it is created as a centralized asset, government go control am and the purpose of creating it would have been defeated because the people who are the main target of the asset will be sidelines. Remember dat government do not want it citizens to be rich, so they do everything to keep di citizens perpetual in poor so Satoshi saw it and created bitcoin to be decentralized so that di governments can not use it to suffer di piple. Op oya just imagine what happened in 2021 wey we government asked di CBN 2 stopped bitcoin transaction in the kwantri. Do u asked urself why? Because they know dat dem know di value 4 di ordinary piple.
The youth understand di net more dan government so creating bitcoin as an internet currency only is defeat 2 dem. Nd wen dey see dat di youth is making in life through bitcoin, di government came up with di defunct CBDC (E-naira) in Nigeria.
Bitcoin was not created to make anyone rich, though its main purpose was to give people financial freedom, and yes, early believers made money from it, but we shouldn't see it as a get rich scheme to avoid being disappointed. BTW, not all stabble coins are centralized; there are many decentralized stable coins that are pegged to the real value of the dollar. USDT is not safe.