I only bring up stable coins because you mentioned that the primary issue was being able to stabilize the price, right? I personally don’t need a stable coin. I’m fine with just being more frugal if the coin has less inflation than, say, gold.
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Btw, I said “differing means of various effectiveness” because they’re not all just pegged to an existing currency. You can have a stable coin that is just algorithmically stable to an arbitrary price even. I’m just saying, that is not the issue either.
They're only as stable as the pegged currency. Like USD which could do better in terms of stability -- past, present and future -- as we all know. Show me one that's more stable and I'll drop my dollars instantly.
What are they pegged to if not an existing currency? I only know Tether, Circle and the likes. Currencies like USD and EUR are some of the most stable currencies we have right now. A coin isn't stable unless it's pegged to that.
I know some are pegged to gold but gold is pretty unstable in the first place.
Are you running a business? Do you have skills you are selling? Do you plan ahead financially?
If yes you care about stability, up or down either way.