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I don't see stability as a goal right now with leading cryptocurrencies (ETH, BTC). In fact, promoting cryptocurrency as a storage of value right now seems off
by SirensOfTitan 10y ago
I don't see stability as a goal right now with leading cryptocurrencies (ETH, BTC). In fact, promoting cryptocurrency as a storage of value right now seems off
too: one day, not today.
More people will store more wealth in cryptocurrencies as the number of applications grow. Being able to pay for my Chipotle, or renew domain names, or buy stock in companies, or run a website all make me more willing to keep more of my wealth in ETH. Eventually stability will come as the relative utility of a currency pushes volume up.
The last thing I want is stability as a believer in the Ethereum platform. I want the price of Ether to go up pursuant with the growing utilities Dapps provide.
In the interim, solutions like Bitpay that pay merchants in USD over BTC are brilliant. They allow merchants to buy into cryptocurrency without accepting the volatility risk until it's low enough.