Furthermore, they question the need for a new form of money that does not have the backing of a central government. Fiat currency, which most readers are already aware is just paper, only has value because governments say it does. It was hailed as much in Bitcoin founder Satoshi Nakamoto’s omnipresent white paper, ‘Bitcoin: A Peer-to-Peer Electronic Cash System’. There is no shortage of stablecoins in the market today (Tether, TrueUSD, Dai, Basis, Carbon, etc). Although stablecoins may represent our next, best, attempt at promoting crypto use they are not without their drawbacks and limitations.

Source: Forbes September 12, 2018 18:11 UTC