There has been much discussion lately regarding so-called stablecoins. But are they really the answer to the general instability of many cryptocurrencies? A recent article in The Guardian suggests that they may ultimately be flawed. ‘Stable’ Coins The price of Bitcoin and other conventional cryptocurrencies can vary by the hour, making them unsuitable as units of account. Whilst many retailers may accept payment in cryptocurrency, nobody in their right mind would price things directly in BitcoinRead MoreThe post Stablecoins: Retrofitting the Dollar’s Flaws into Cryptocurrency? appeared first on Bitcoinist.com.
