If you could stabilise the blockchain so that the value of a bitcoin (or altcoin) would stay the same (relative to fiat)without any third party. Would you do so?
This would eliminate any gains but also keep network fees low and allow it to be more.cash like.
I hate this huge price drops which make people nervous as well as result in losing big sums of money from time to time. It might be unfair, that's true, but that is how it all works! The whole idea of cryptocurrencies was to let the market pave its own way, let the demand and supply truly decide what should happen and which prices are suitable! Stabilizing the market will make coins not so different from fiat and the experiment with the free market will be over. Moreover, I think it is safe to say that nowadays the majority of people is using coins for trading. Without volatility, trading will not make much sense which could be a bigger threat to the market, than all the bad news we already saw.