The Search For A Stable Cryptocurrency

Discussion in 'Technical Development' started by root, Mar 22, 2016.

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  1. root

    root Member

    Feb 3, 2016
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  2. Lee Sharp

    Lee Sharp Sr. Member

    Dec 28, 2015
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    Independent Consultant
    Houston, Texas
    ClokworkGremlin, koolykg and David like this.
  3. Shadowlance

    Shadowlance Full Member

    Jan 9, 2016
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    Or AUD. We went from 1.10 per USD to 0.69 over a year or two.
     
  4. drunkenmugsy

    drunkenmugsy Sr. Member
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    Dec 28, 2015
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    Very true about fiat currency exchange rates. They are based mostly off of GDP(and a thousand other factors yeah yeah I know).

    So what is the 'GDP' of each crypto currency? Can we even compare it this way? I am not sure. Country exchange rates are a different country, literally. Crypto exchange rates are a different universe between some coins.
     
  5. Lee Sharp

    Lee Sharp Sr. Member

    Dec 28, 2015
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    In a sense, crypto currencies are a commodity, like gold, or silver... The value is totally market driven. But no currency or commodity is truly stable. Which is amusing, since markets are designed to stabilize commodity prices... :)
     
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  6. ZomaX

    ZomaX Member
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    Jan 10, 2016
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    Anything traded in a market of any form can't really be stable. The absolute closest that I'm aware of would be NuBits. It's a decentralized currency that is constantly adjusted to be worth exactly $1.00 USD. Even still this is technically not stable because, as Lee Sharp has already stated, USD fluctuates as well. I don't see any particular worth in NuBits, aside from perhaps storing money without worrying about extreme fluctuations.
     

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