Recent bitcoin price volatility has sparked growing interest in creating a "coin" designed to remain price stable over an extended period of time.
For speculators, it can be best thought of as a complementary currency to Bitcoin. When Bitcoin's value is rising, speculators want to hold Bitcoins. When Bitcoin's value is falling, hold StableCoins. Why not just let a "trusted" exchange hold on to your fiat currency while Bitcoin values are falling?... Really?... No sense enumerating all the posts on exchange fraud, hacking, closures, account seizures, etc.
IF a theoretical StableCoin existed, it would be possible to trade between BitCoin and StableCoin at will. All while remaining completely anonymous, even to the exchange that facilitates your trades. In addition, you wouldn't need to "trust" an exchange to secure your fiat, your coins or protect your personal information. Both sides of every trade could be done while keeping your coins securely in your wallets, in their respective chains.
At least that is the vision...
Currently, no stable bitcoin-like currencies exist. Over the past four years many individuals have kicked around promising ideas, but no social moment has every formed in support of a stable coin.
---------------
The point of this thread is to create a gathering place for people who SUPPORT the concept of a stable-value COMPLEMENT to bitcoin. This thread is NOT the place to bash the StableCoin concept or criticize its supporters. Nor is it the place to bash any particular BitCoin attribute or its supporters.
SUPPORTERS, Please post a message introducing yourself and please LINK any papers you've written or insightful posts you've made on the subject. Many people have hidden many insightful things somewhere on this forum. I'd like this thread to serve as a quick reference for any new supporters that might arrive.
