Bitcoin Forum

If you could would you create a stable (keeps price relative to arbitrarily chosen fiat) or would you keep as is. Assume you can do this by changing the blockchain.

Pros stable blockchain good for transactions. Transaction 'fees' stay relatively low.

Cons: limited upside as gains can't  become too high  relative to currency

bitcoin and altcoin have stable different prices. bitcoin is more stable than altcoin coins, because altcoin now has a large amount of coins and different prices. it makes altcoin less stable in cryptocurrency.

Stable relative to fiat. As in no 70% drops or massive gain in value.

Obviously in this case the 'stable' coin would serve a more cash like role. Whilst the volatile one would be more akin to gold. High cost but not worth while for everyday transactions.

bitcoin and most of altcoins have unstable price except litecoin have more stable than others.

all crypo have 0 control so that it is unstable.

Bitcoin is more stable than altcoin
Why? because altcoin, especially the emerging coins are now competing with new coins so the price is unstable, unlike the bitcoin that does not have a rival

Isn't that already what USDT does?

Yes, it is USDT.

The downside is that there is no way to have a currency that tracks a fiat currency without a trusted third party, and even that has limits. No thanks.

Usdt lost its value
http://bitcoinist.com/dammit-tether-one-job/
On top of that all the stable ones are backed by something. If you could stabilise it without doing this. E.g. by hard forking the blockchain in some manner. Or realsing your own with appropriate modifications. Woukd you do so or not? Why or why not?

I believe this year 2018 is the year for alternate coins so I think altcoins will stabilize and all shoot up greatly. This is just my two cents.

Odovlobo puts it best.

"No way to have a stable (crypto) currency without a trusted third party"

. If there was a way to have a stable crypto without a trusted third party. Would that be worthwhile?

Is The dislike  more because of the third party or because we dont want a crypto that won't skyrocket in value. After all if the value of 1 stable crypto never gets above $10 Not a lot of opportunity for gain.

If they are shooting up greatly then they are not really stable. A stable value would mean a limit on gains and losses

i agree so . there could be many surprises as the end of 2017 no one predicted XRP to take off as it did.and with how cryptos are so highly crazy
then anything could happen
dogecoin could take off
or something no one really looks at could go big too

Bitcoin is just like gold. This is the best place to invest. Altcoins is good but no one of them is better than bitcoin..

Gold is not used as a currency much anymore. The value is high enough that they need to be too small and transaction fees too high. Plus the volatility means any net 30 payments will change value between payment and paying supplier.

If we want to use the blockchain as a currency, it needs to be more stable.

In stabilization, bitcoin is very much in demand now, and not altcoyins. Bitcoin is more prone to volatility than altcoins. In addition, bitcoin is highly prone to speculative demand and therefore very sharply tore itself away from the rest of the crypto currency in price. This state of affairs points to bitcoin as a financial bubble, and this negatively affects the entire crypto currency, so bitcoin must be braked in an artificial inflation of value.

Best is to stabilise a coin that isn't being traded as a commodity like Bitcoin currently is ...perhaps it will stabilise in due time but for now it's problematic if I want a fixed fiat equivalent in crypto because none currently exist

The history have shown that the currencies are not stabilize in the world ever there will be some up and down in the currencies. The bitcoin and altcoin both are increasing day by day and i have never seen that these two will stabilize ever So if you are interested in this currency it is good to buy now and use this as investment tool because the time is good and the price will be high in the future.

No i don't think bitcoin will be stable just because of some people who invest in bitcoin or alternative coins, the price of digital coins based on the demand and supply of coins, there are no one in the world who can control the bitcoin especially in the technology of blockchain, i will choose the bitcoin and any other alternative coins that has good potential in the future.

Thanks bitninja. Do you want. A fixed fiat equivleant in crypto? Do you think others do? Pikebu thanks for your thoughts, if it was possible to have a stable.altcoin lime bitninja suggested. Do you think that would be worth while?

It is necessary to stabilize bitcoin so that it does not detract from the price of altcoyins. If bitcoin sharply starts to increase in price, the probability of that it can burst like a bubble increases, and even this probability casts an unnecessary shadow on the crypto currency as an artificial asset. In general, this is not good. We need to strive to stimulate the growth of altcoyins if we want the crypto currency market to develop harmoniously and without sharp changes.

Then where is the thrill or the excitement on trading if price would remain stable as it is because in a trading there is no such things that price is stable in the market when it comes to that. But hey I am not saying that I wouldn't agree to that because it would lower the risk all I am saying is that sometimes in life you need a little bit of challenge to improve your skills.

So senin your preference is Bitcoin as a stable currency like network, and let some altcoins have the large gains and losses we currently see in bitcoin.

Shin
There wouldn't be a thrill or excitement  (except between other currency linked cryptos) thats kind of the point. for example there is no thrill speculating between the Saudi riyal and the us dollar because there linked. It's always 3.75 dollars. On the other hand the riyal is useful when you want to buy something in Saudi Arabia  it works for paying salary, for buying coffee,lunch and houses. It is currency not volatile investment.

For pedants a Saudi can make fotex speculation via usd/eur, usd,yen arc but there income is fixed relative to fiat (usd) at an arbitrary value (3.75 In this case)

this is basically freicoin.in

https://freicoinalliance.com/