You’ve probably heard it many times if you frequently spread the good word about crypto. “Isn’t Bitcoin volatile? What if the price crashes?” By now, many POS systems offer free fiat conversion, alleviating some concern, but until the volatility of cryptocurrencies is addressed, most people will be unwilling to hold any. We need to find a way to fight the volatility that is inherent in Bitcoin.
This doesn’t necessarily mean Bitcoin has to change; many people prefer to use a deflationary currency, especially those who like to save. Despite the skepticism of many altcoin critics, a currency can be better suited for some applications than others. Financial privacy, for example, is great for political activists, but more problematic when it comes to political campaign finance. We need a stable cryptocurrency designed for use in commerce; unless you’re living paycheck to paycheck, this would be held as only a fraction of your wealth, the rest reserved as other coins like bitcoins.
Have you looked at the BitShares project? They have created a decentralized derivatives market which in a nutshell has market pegged assets such as BitUSD, BitEuro, BitGold. These virtual assets are always worth what their real world counterparts are. You trade between these, without a 3rd party exchange, by using your BitShares as collateral.
Take a look at
www.bitshares.org especially their blog section as it is a lot of take in.
