MakerDAO's DAI coin (currently collateralized by ETH) has already proven quite stable in the face of several black swan events and the price of Ethereum crashing nearly 70% over the past couple of months. They're in the process of adding more assets to back the currency to improve stability. The supply is capped by a debt ceiling. There are sound principles behind the currency, and it being an ERC20 token, it's got all the advantages of being pluggable into the ETH ecosystem.
It's not a bad idea, it's actually a great idea and if DAI or BaseCoin turns out to be stable-ish over the long term, then it will be incredibly useful for the crypto ecosystem. Honestly, even if DAI fluctuates a few pennies here and there, if it's stable-ish it will be useful for a wide variety of services and applications.
It's not a bad idea, it's actually a great idea and if DAI or BaseCoin turns out to be stable-ish over the long term, then it will be incredibly useful for the crypto ecosystem. Honestly, even if DAI fluctuates a few pennies here and there, if it's stable-ish it will be useful for a wide variety of services and applications.