That the bitcoin price is highly volatile is no secret. Opinions differ on whether that is just an inevitable roadblock to be passed on the way to world domination or whether it represents a fundamental flaw that will prevent Bitcoin from ever achieving widespread use as a medium-of-exchange. Seasoned hedge fund trader and monetary systems expert Robert Sams, is of the latter view and has been among the leaders in conceptualizing what a stable cryptocurrency should look like. It’s an issue that is at the very heart of how the cryptocurrency ecosystem will develop.
Topics we discussed in this episode
- Why volatility is an obstacle to cryptocurrency adoption
- The two big problems of creating a stable cryptocurrency
- His proposal for a stable cryptocurrency: Seignorage Shares
- How finance professionals perceive Bitcoin