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| Topic | How will crypto be used as currency when it's so volatile? |
| TheMikh 04/16/21 3:16:09 PM #13: | Squall28 posted... So the most viable ones aren't the ones that go to the moon? It's almost like the rising prices and scarcity is completely counter to its value as a currency.... in the case of dai and similar stablecoins, they're token classes within the ethereum network, and the logic (smart contracts) driving price stabilization depend on the network as well, never mind stablecoins being backed by ether. so basically, even though dai has more real world utility than the comparatively more volatile ether, it still contributes to demand for ether and thus the value/price of ether behind the scenes. think of it like the relationship between the dollar and gold during the bretton-woods era. --- ... Copied to Clipboard! |
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