I responded to you on Reddit here:
“Ok I’m glad you don’t *forbid* the creation of a stablecoin. But they already exist and the total marketcap of stablecoins on Ethereum is greater than 700 million dollars.
I need stablecoins for a consumer application called TandaPay. My application simply can’t work without a stablecoin. If I don’t use a stablecoin my users won’t use my app. The market is dictating to me what they “do” and “do not” want.
I don’t get to dictate to the market what they “will” or “will not” have. If I don’t build what the market wants then my app will fail. Its really not up to me. Consumer insurance products must hold assets that maintain a stable price.
Insurance exists to negate risk. Risk averse people can’t handle price volatility. I can’t create an insurance app for risk averse people that uses Ethereum as its base currency. I just can’t… I will loose all my money and go bankrupt creating such an app.
Its not up to me. It never was. The market has the ultimate say in all these matters.”