An Broadening Wealth gap
For the last few decades, it has been customary to increase employees pay equal to inflation and keep it in that region. Raises has gone unquestioned as it is a good indicator as to how much more an individual would need to purchase like they have before.
While this was customary there was a ever widening wealth gap and somehow the poorest of the poor got poorer. All this while the top 1% gained wealth?
So let's analyze the two most likely to live healthy with a relatively modest income. The middle class and the just above wealthy class or group of individuals. The middle class has a portfolio that includes pension, some savings and probably medical aid/cover. The just above middle class has the same portfolio, except that it ordinarily includes stocks or the ownership of a company.
The result is that the just above middle-class has the potential to grow their funds/wealth with the national growth.
None of these facts would contribute to an ever larger wealth gap. Until you come to know how the GDP is currently, calculated.
GDP_Now(Annually) divided by GDP_past(Annually) MINUS INFLATION
Now you might hear that GDP does not equal growth which is true. But all the same. The price or value of a company, is not tied, to the companies ability to generate profit as you might think. Even more, Shareholders use the growth of GDP and bank returns to determine if their investments are worthwhile. The evaluation includes the price per share increase. Using the Avg percentage price increase, with GDP and inflation in the back of your mind. It comes all too clear why the middle-class individual that didn't invest, wisely, would lose over time. All the time.
Adoption of crypt-currencies
Currently, the use of cryptocurrencies is highly restricted. For ordinary users whom would like to buy via BTC, etc. just as easily as with their credit card this is simply not feasible. The question ordinarily rebounds to the merchant only accepts FIAT. Should you have a Xapo card that is in the cards actual currency, it would still cost the retailer commissions to receive your payment. All of which is why we love Crypto in the first place.
Now I have seen Steem's implementation of a 7day Avg value of your account. Adding this or something similar could then allow the merchant to once a week update their price accordingly. A more stable valued coin should then allow users to plan and not be at the mercy of the exchange value, at the time of sale. A more, stable, crypto-currency should encourage merchants to hold the coins and use them to pay other merchants. All this is knowing what that particular coins are valued by yourself furthering stability.
In the long term, this method should allow for a, more stable value of BTC or whatever coin is in question. And better yet, this should enable you to plan/budget as the coins would not simply lose value overnight as we see today. I guess the question would be:
What do you appreciate the token to be? Is it worth it?
Cryptocurrencies have an exceptional high volatility
The fact that the value of BTC is seen as "Stabel" when often hovering close to a constant USD value troubles me. This statement suggests that we still value BTC/DASH/ETH/XMR against the old FIAT?
But then why the volatility between other cryptocurrencies? And why would you value DASH/BTC vs. USDT at approximately 11USD? WHY, WHY would DSH/USDT be consistently close to 11USD while DASH/BTC would drop as BTC/USDT go up?
I get it at your local supermarket where you buy food. The seller only accepts FIAT. In South-Africa when our local currency weakens the BTC/ZAR strengthens on a one to one ration and sometimes even more....
Why do we still question the value of BTC against USD? Why not open a cryptocurrency store. BTC( Probably) and price the goods as per what you value it to be in BTC. And take it from there? Only update the prices as needed. You would, probably, still need to pay Utilities in FIAT so keeping an eye on your prices is advised.
What is the difference compared to any other company to day?
A thought: Why not allow Tether to mimic the global FIAT system and not just USD? Give it some flavor.