That’s the whole thing. Crypto was supposed to be a currency system by using a block chain as a ledger.
Ethereum is kind of what crypto was thought up to be. A semi stable coin, that serves as decentralized currency.
In some ways it’s brilliant; no institution that can watch what you buy, limit you or take their cut. But then again, it’s rife with illegal transactions and some really impactful theoretical attacks, especially against the ledger. It’s a blessing and a curse.
I don’t think ETH was ever expected to be stable. Vitalik Buterin already had a good reputation and the pre-sale (ICO) was well-publicized. They expected ETH to be the liquidity for decentralized stable coins.
That’s the whole thing. Crypto was supposed to be a currency system by using a block chain as a ledger.
Ethereum is kind of what crypto was thought up to be. A semi stable coin, that serves as decentralized currency.
In some ways it’s brilliant; no institution that can watch what you buy, limit you or take their cut. But then again, it’s rife with illegal transactions and some really impactful theoretical attacks, especially against the ledger. It’s a blessing and a curse.
I don’t think ETH was ever expected to be stable. Vitalik Buterin already had a good reputation and the pre-sale (ICO) was well-publicized. They expected ETH to be the liquidity for decentralized stable coins.