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A comment on Basecoin: A Robust, Price-Stable Cryptocurrency with an Algorithmic Central Bank.

Re:Basecoin: A Robust, Price-Stable Cryptocurrency with an A... by blueadept111 on Friday December 22, 2017 @12:30PM (#15989206)
So how does this coin make or save me money, to compensate for the risk of buying it and trusting the "algorithmic" central bank (which apparently has a tweakable algorithm, and therefore requires trust in the central overseer?)
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Re:Basecoin: A Robust, Price-Stable Cryptocurrency with an A... by xwvvvvwx on Friday December 22, 2017 @01:53PM (#15989908)
Right now crypto traders sometimes sell to fiat to wait out a period of market volatility.

Selling instead to the stable coin would mean they don't have any tax issues.

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Re:Basecoin: A Robust, Price-Stable Cryptocurrency with an A... by namlem on Saturday December 23, 2017 @12:57AM (#15993116)
Except that's not true anymore. The new tax plan will tax crypto-to-crypto transactions.
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Re:Basecoin: A Robust, Price-Stable Cryptocurrency with an A... by xwvvvvwx on Saturday December 23, 2017 @02:25AM (#15993316)
Only in the US.
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Re:Basecoin: A Robust, Price-Stable Cryptocurrency with an A... by joelinuxyx on Friday December 22, 2017 @01:23PM (#15989648)
One problem with cyrptocurancy is its decentralized model and instability; that is why institutions are more interested in Ripple and similar solutions.
[ Parent | on HN ]