Dan means pegged when he talks about useful. I’m not convinced a cryptocurrency must be pegged in order for it to be useful.
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Dan means pegged when he talks about useful. I’m not convinced a cryptocurrency must be pegged in order for it to be useful.
Yeah, i don't think any currency should be "pegged" and I'm pretty sure that would be counterproductive. Ultimately, stability is desirable of course but that isn't the way to do it. I think having something like SBD is potentially useful because of its relative stability but even that isn't pegged.
I agree. Dan is trying to achieve stability. I get that. He trying to speed up something artificially. Not that there’s anything wrong with that in an of itself.
But historically, artificial stability happens at the expense of fairness. So I’m just skeptical that it can be achieved fairly.
Just skeptical. I’m not saying he can’t do it. We don’t have to get hung up on it and stop progress waiting for this one aspect to get ironed out.