On Rapid growth and skewed incentives, I wonder whether the method of distribution can prevent skewed incentives. Instead of marketing a new stable currency, work on the accept-side, allow vendors and merchants to quietly accept it as payment by introducing a POS app that pays the POS users (the vendors) in the new currency. The vendors, of course, will have to trust that the new currency will have the same value as the product sold was worth, and the Square-like POS company can certainly be trusted to provide that value. All that the POS company has to do is buy the equivalent value (say in Tether’s USDT), using the deflated cryptocurrency the customer paid at that same moment. This is exactly what my company, Pure Money Tech, will be doing, first in the Ethereum network, and then in the EOS network.

In other words, the new currency should be designed as medium of exchange from the very start. Then, when it becomes widely distributed enough, apply algorithmic stability by precisely controlling its quantity relative to some monetary economic principle. The success of the company that introduces such a currency would then depend on how it can keep its currency stable. Competing companies will then supply the world with enough quantity of money at any one time, thereby preventing recessions.

The competing companies will be behaving like the local banks of old, that issued “bank notes” backed by either gold or government bonds. The big difference is that, this time around, the competing companies are no longer local.
https://medium.com/@carlostapang_15490/will-cryptocurrencies-replace-fiat-732ca57b751b