The idea is very cool. The criticism against existing cryptocurrencies being too volatile is very valid. I can't help but wonder if this just contributes a "15th" stablecoin to the "14" competing stablecoin standards.
My personal expectation is that the existing frontrunners, Bitcoin and Ethereum, will stabilize in price as the percentage of retail speculators decreases and the percentage of institutional investors + users increase.
Comments
The idea is very cool. The criticism against existing cryptocurrencies being too volatile is very valid. I can't help but wonder if this just contributes a "15th" stablecoin to the "14" competing stablecoin standards.
https://xkcd.com/927/
My personal expectation is that the existing frontrunners, Bitcoin and Ethereum, will stabilize in price as the percentage of retail speculators decreases and the percentage of institutional investors + users increase.