/biz/ - Business & Finance

Hayek (nobel prize winning laissez faire economist for you plebs) literally wrote the book on privately competing currencies and he argues that the one that will win will be the most stable one.

>Stability in value is presumed to be the decisive factor for acceptance. Hayek makes the assumption that competition will favor currencies with the greatest stability in value since a devalued currency hurts creditors, and an upward-revalued currency hurts debtors. Hence users would choose the monies which they expected to offer a mutually acceptable intersection between depreciation and appreciation.

So which crypto is the most stable? I mean real crypto currencies, not derivatives like tether.