Comment on Show HN: Aragon – Everything you need to run your company on EthereumparentComments−izqui9yA stable coin is a crypto asset that is backed by a real value.If you own 1 EthUSD, there is a warranty that someone will give you 1 USD for that token−joosters9yA real-world warranty, which means you can't rely on it. You might own as many EthUSD tokens as you want but you can never be sure that someone will buy them from you at the 'fixed' price.−mypalmike9yThis is sarcasm, no?−plttn9ySo a meta-fiat currency?
Comments
A stable coin is a crypto asset that is backed by a real value.
If you own 1 EthUSD, there is a warranty that someone will give you 1 USD for that token
A real-world warranty, which means you can't rely on it. You might own as many EthUSD tokens as you want but you can never be sure that someone will buy them from you at the 'fixed' price.
This is sarcasm, no?
So a meta-fiat currency?