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RE: New (And Improved?) Stable Coins
Hi @benadapt, so in your opinion how long to reach "some" price stability on BTC?...It will happens before stable coins reach more popularity? Cheers
Hi @benadapt, so in your opinion how long to reach "some" price stability on BTC?...It will happens before stable coins reach more popularity? Cheers
Why do you expect price stability on BTC? That is impossible.
If the volatility is high, is gonna be difficult for the merchands to adopt BTC as a payment method
It will be a long time, unless you consider consolidation periods like what we are in now to be relatively stable.
I think the popularity of stable coins and the stability of bitcoin is mutually exclusive, the instability of bitcoin is the very motivation for the existence of stablecoins.
Yeah, I agree that it will take a very long time before Bitcoin becomes stable on a day to day basis, but we have already seen Bitcoin stable on a month to month basis with gradual increase in value over time (ignoring the crazy price action at the end of 2017). Of course, we will still see huge price movements up and down in the mean time. 👍
Here's a more in-depth discussion on Stable coins from Bitcoin-dev Jimmy Song, which explains my points.
Hope that helps. 👍