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By definition, you can't have a coin be stable while at the same time not having a centralized instance that keep it "stable". Those are oxymorons. It's one, or
by jeromegv 4y ago
By definition, you can't have a coin be stable while at the same time not having a centralized instance that keep it "stable". Those are oxymorons. It's one, or the other.
We can't just repeat any buzzword without thinking about what exactly does it actually mean in practice.
- smitop 4y agoDecentralised stablecoins, such as Dai, do exist, and the price of Dai does manage to maintain its peg pretty well. Not all decentralised stablecoins have done as well (most notably TerraUSD) though, it's definitely hard to design an algorithmic stablecoin that maintains its peg.
- ALittleLight 4y agoI think that commenter means it's logically impossible. In what sense is DAI "decentralized" if its value is set by the same centralized group that sets the value of a dollar?
- MitPitt 4y agoMind sharing where you got that definition from?
- joyfylbanana 4y agoThough bitcoin volatility has been going down along the years, it might be quite stable after 10 years or so.