Vitalik Buterin: Ethereum, Proof-of-Stake, The Future of Bitcoin
Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
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Taking Amounts Away From Volatility
In order to have perfect stability, you need be able to introduce units and take them away. So this is where this, robert sam's a sort of two currency model comes in. The idea is that if the priceof stable coin goes above one, then the system issues new stable coins - it auctions them off in exchange for vall coins. And whoever wants to speculate can speculate. It's actually the model, and probably even the most interesti at this point. But we're, were sort of crumming up at the end, but very breefly.
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