Re:Bitcoin: Update network descriptions to be more accurate
by dragonwriter on Sunday December 31, 2017 @02:14AM
(#16039742)
> Is it even possible to have a stable priced crypto?
It should be possible to have one with reasonably stable value compared to any identifiable external commodity or basket of commodities that is not itself highly volstile, though it would be more complex than existing crpytocurrencies, and may not be completely decentralized.
Stability, decentralization, and trustlessness together...well, you are pretty much asking can you replace an active central bank with an preset, runs-forever algorithm without a trusted source for real world economic data. I'd say probably not.
It should be possible to have one with reasonably stable value compared to any identifiable external commodity or basket of commodities that is not itself highly volstile, though it would be more complex than existing crpytocurrencies, and may not be completely decentralized.
Stability, decentralization, and trustlessness together...well, you are pretty much asking can you replace an active central bank with an preset, runs-forever algorithm without a trusted source for real world economic data. I'd say probably not.