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> Fiat currency inflates and is subject to the whims of government. Cryptocurrencies have proven to be subject to the whims of the masses, shooting up in value
by RHSeeger 7y ago
> Fiat currency inflates and is subject to the whims of government.
Cryptocurrencies have proven to be subject to the whims of the masses, shooting up in value (at least in part) because of speculation. At least fiat money backed by governments try to keep them stable (in general).
- anonymous5133 7y agoI've always wondered if it would be possible to create a true decentralized stable coin. Put some sort of mechanics in the code to do proof of stake rewards if the price starts skyrocketing (increase supply) and then maybe increase transaction fees slightly if price is plummeting (decrease demand). The staking nodes would need to have something to check price on non-manipulated exchange though which could be tricky but I find it an interesting idea to think about.