Not arguing this isn't a shitcoin, but couldn't you make the same argument about rising value for Bitcoin also?
LOL, So one of Coindebased CEO Brian Armstrong's ideas is to create a new token, yes shocking right?
This new token idea he is dubbing flat coin, a coin that can preserve purchasing power and outpace not only CPI but fiat money supply expansion so you preserve purchasing power, this flat coin idea sounds interesting
I wonder if anyone would be able to create such a form of money and how would people adopt it all over the world based on the incentive to save and not only as a medium of exchange.
https://www.coinbase.com/blog/request-for-builders-startups-i-would-build-today
Discussion
Yeah I was kinda being sarcastic but if I were to consider the difference seriously I think that they're claiming the volatility wouldn't like Bitcoin.
While Bitcoin has had a proven track record of outpacing money supply growth theres some serious vol involved and if you don't have conviction it can shake you out of those positions
Honestly don't see how flat coin would find a niche between using bitcoin or fiat/stablecoins but if they want to fail trying by all means, crypto is about funding bad ideas in real time I guess thats their killer app