It’s that there is significant institutional support to keep the current monitory regime in power. There have been plenty of volatile state controlled currencies too.
To be honest I don’t know if any currency that was both able to speculated online as well as having no official reserve currencies or ties to a major world economic zone. That combo is volatile, more so than the unpegged currencies of the past or the pegged currencies of today.
Again there work towards that happening hence why there is some stability.
lmao, crypto has never worked towards that, it has only gotten worse by the year and is an absolute shitshow now
bitcoin, the originator of this trend is just as volatile, 30k for a single coin, seriously?
it just takes one person with a lot of them to tank its value in seconds
“pegged” currency as youd like to call it cant be crashed that easily nor that fast
Again no, stable coin is a term, but I see how it could be confused. It’s in reference to a token backed by some other store of value. So an agreement that x number of a cryptocurrency can be exchanged for x number of dollars/yuan/etc.
Provided an alternative reserve currency that isn’t controlled by countries clearly trying to gain economic domination over smaller nations.
Not controlled by countries and also making it so extremely volatile that it can loose its value literally in seconds
It’s that there is significant institutional support to keep the current monitory regime in power. There have been plenty of volatile state controlled currencies too.
You so realize how Looney you sound right
Name me a single currecny that has ever been able to loose its value in literal seconds, just one, go on ill wait
only your fake funny code coins are able to that arent they
To be honest I don’t know if any currency that was both able to speculated online as well as having no official reserve currencies or ties to a major world economic zone. That combo is volatile, more so than the unpegged currencies of the past or the pegged currencies of today.
Again there work towards that happening hence why there is some stability.
lmao, crypto has never worked towards that, it has only gotten worse by the year and is an absolute shitshow now bitcoin, the originator of this trend is just as volatile, 30k for a single coin, seriously? it just takes one person with a lot of them to tank its value in seconds
“pegged” currency as youd like to call it cant be crashed that easily nor that fast
Currency pegging is a term in monetary theory. Stable coins are examples of currency reserves in the crypto space.
sure, except there are no stable coins, when, again, all of them can be crushed in a matter of seconds
Again no, stable coin is a term, but I see how it could be confused. It’s in reference to a token backed by some other store of value. So an agreement that x number of a cryptocurrency can be exchanged for x number of dollars/yuan/etc.