1) If the free market is deflationary…..Ie - prices are supposed to fall…..then…what is a “stable” coin?

2) A “coin” that gains it “stability” by losing value at the exact same rate as a currency.

3) Which is by very definition, the system that we have today that stops the free market by manipulating money.

Hope that helps.

Reply to this note

Please Login to reply.

Discussion

Thanks, that part I understand totally. Stability is an illusion in a universe that's constantly in flux.

What I can't quite see yet is how the transition will take place. Gradually vs suddenly or what the final warning signs will be.

The gradual route seems more ideal/peaceful, but historically speaking technology is not adopted that way.

Most days I am still shocked more people don't see it.