Post
Topic
Board Nigeria (Naija)
Re: Why was bitcoin not created as a stable coin?
by
Asiska02
on 11/04/2023, 22:19:36 UTC
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?

People will always wonder why bitcoin was not stable if it was invented as an electronic cash for making online payments which serve as an alternative to fiat currency. The truth is that Satoshi may not have intended it to serve that purpose only, but rather to assist people in finding a means of livelihood through trading. Simply buying low and selling high when prices rise. There should be more to consider as to why it is not stable, but the perfect answer can only be provided by the inventor only.