News of Bitcoin and Ethereum is everywhere these days. The two vinay gupta bitcoin have had returns over the past year that make a big-time hedge fund manager look like he’s running a lemonade stand in front of his parents house. The two cryptocurrencies have had returns over the past year that make a big-time hedge fund manager look like he’s running a lemonade stand in front of his parents house. 55 percent and Ethereum’s currency, Ether, is up a mind-blowing 1,896.
And that is actually kind of a problem. A Peer-to-Peer Electronic Cash System. 50 in Ether in a day, even if the overall trend line is up. On multiple occasions, we have seen drops of 10 and 20 percent in one day.
My wife is worth it, of course, but such volatility can wreak havoc on people. Even more so on companies, which desire stability for financial planning purposes. True believers in blockchain and decentralization recognize that these new technologies and monetary systems will never achieve mass mainstream adoption with these kinds of violent swings. The Search for a Stable Cryptocurrency. There would then be multiple separate classes of cryptoassets: stable assets for trading, speculative assets for investment, and Bitcoin itself may well serve as a unique Schelling point for a universal fallback asset, similar to the current and historical functioning of gold.