The foundation of a community’s infrastructure is meant to be built upon the aspect of stability. Without stability, reliability, and proper execution a failed project has the potential to create a significant dent in a community. Cryptocurrencies are by nature unstable. A great example of this is Bitcoin. Its price constantly fluctuates thousands of dollars within minutes, and the reality is that that uncertainty makes it hard to depend upon. So the great big question is how can we utilize cryptocurrencies and their secure yet unstable nature to build structure and conformity within a society. The answer is to utilize a version of a cryptocurrency known as a stable coin. A stable coin remains relatively consistent in the face of inflation, market schemes/manipulation, and voluminous transactions. The way this is achieved is by backing the currency with a reserve. This reserve could be fiat centralized currencies or even other cryptocurrencies. This reserve would give the coin value even when the market remains unstable. This is a great strategy to use when considering infrastructure since you get the security and solidity of cryptocurrencies while getting the reliability and structure of a fiat currency. The implementation of such a coin does exist, however, is much more complex to replicate. As of now this is one possible solution we have to our problem, however, as we research more into this nascent technology hopefully new tools and options will prove available.
