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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: cvan on February 21, 2019, 08:02:59 PM



Title: Stablecoins are the new money, is this true?
Post by: cvan on February 21, 2019, 08:02:59 PM
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh



Title: Re: Stablecoins are the new money, is this true?
Post by: Sinone on February 21, 2019, 08:16:22 PM
What does mean by the stable coins? The USDT market or the coins backed by the team? I don't think stable coins are the real money. You may trade with USDT, USDC pair to secure your profit, this is a good way to make and stable your money. But I would love to trade with Bitcoin and Ethereum pairing because anytime it can give you a higher profit than USDT market.


Title: Re: Stablecoins are the new money, is this true?
Post by: cyramji on February 21, 2019, 08:22:05 PM
All these things start after JPM coin , I think It gonna be a great way to add liquidity to exchanges. But we all wodered how easy to ask for the money of someone , Just create aa stable coin and give a name of JPM


Title: Re: Stablecoins are the new money, is this true?
Post by: mindrust on February 21, 2019, 08:22:58 PM
Stable coins aren't a good idea. They are centralized and if we learnt anything about centralized projects, sooner or later they always end up as a scam.

It is practical to use those coins from time to time especially when you are moving between the exchanges but I wouldn't keep my life savings in those coins.


Title: Re: Stablecoins are the new money, is this true?
Post by: casperBGD on February 21, 2019, 08:23:57 PM
it will be maybe true in the future, but for now it is not, and there will be some time to become true


Title: Re: Stablecoins are the new money, is this true?
Post by: khufuking on February 21, 2019, 08:29:34 PM
Stable coins are just a way to store value and that is exactly how people using them, we rarely see any use case of this stable coins outside the exchanges where people use them to store the value and maintain there $$ in times of big dumbs or in times of uncertainty etc.... Stable coins are far from being a form of new money.


Title: Re: Stablecoins are the new money, is this true?
Post by: mrdeposit on February 21, 2019, 10:00:46 PM
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh


In my opinion stablecoins are not very different from today's money, only digital model. Unlike, there may be deficiencies because paper money is protected and defended by powerful governments, but stabilcoins can deceive everybody every moment. Anyway, they may be future, if they will created by governments.


Title: Re: Stablecoins are the new money, is this true?
Post by: bananaunana on February 21, 2019, 10:03:16 PM
It makes no sense to have so many stablecoins all over the place, everyone tries to launch them now. And most stablecoins are really not sure to be completely backed so better get rid of them as fast as possible and buy true crypto.


Title: Re: Stablecoins are the new money, is this true?
Post by: avikz on February 21, 2019, 10:16:53 PM
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh


I won't really contradict with his thought because I believe the same is going to happen. However, those will be issued by governments only. As of now we have quite a few stablecoins in the market like USDT or True USD etc. None of these coins are issued by an authorized agency so that it can be used as a replacement of fiat.

However, the way economy is moving, soon we will see government agencies will be issuing digital currencies instead of paper money. In that essence, George is correct! But existing crypto stablecoins are not the future, rather just a glimpse of it!


Title: Re: Stablecoins are the new money, is this true?
Post by: awilliams on February 22, 2019, 01:56:42 AM
I think that non-collateralized like ampleforth will stick around more than those pegged to fiat currency imo


Title: Re: Stablecoins are the new money, is this true?
Post by: bartolo on February 22, 2019, 10:32:42 AM
I disagree. First, we don't know how many of these stablecoins are really backed by fiat money and not by promises. Second, these coins are, in any case, backed by companies or corporations, what happens if these companies disappear?


Title: Re: Stablecoins are the new money, is this true?
Post by: irixo10 on February 22, 2019, 12:35:42 PM
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh


A lot of stablecoin was created in 2018. But stablecoin is not the new cryptocurrency, it existed long ago, like USDT


Title: Re: Stablecoins are the new money, is this true?
Post by: shinratensei_ on February 22, 2019, 01:09:22 PM
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh


That's not. The coin can get stable value when it was backed by any commodity or fiat money that can keep its value. Most of these coins are using fiat money and that should be a correct statement to call that the new digital money because that was not having many differences with fiat money.


Title: Re: Stablecoins are the new money, is this true?
Post by: RobotNIK on February 22, 2019, 01:14:54 PM
Such coins should be popular for states, because they can certainly replace fiat money!


Title: Re: Stablecoins are the new money, is this true?
Post by: kindbtc on February 22, 2019, 01:14:58 PM
Yes that statement can be partially correct because stablecoins are more like the blockchain version of fiat but the real cryptocurrencies are more worth it because they fully represent the decentralised blockchain tech and i think they are the real asset backed currencies.


Title: Re: Stablecoins are the new money, is this true?
Post by: cambda on February 22, 2019, 02:10:12 PM
Stable coins aren't a smart thought. They are brought together and in the event that we got the hang of anything about unified undertakings at some point or another they generally end up as a trick. It is commonsense to utilize those coins every now and then particularly when you are moving between the trades yet I wouldn't keep my life reserve funds in those coins.


Title: Re: Stablecoins are the new money, is this true?
Post by: leavolnhals on February 22, 2019, 02:17:25 PM
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh


Samman ended his report by saying: "Our current monetary system has led to a degree of global price instability and inflation and electronic money that can bring about a recovery from what's in a long time less than ideal status. developing blockchain and e-money fields to address this challenge. "
This is the sentence I want to hear the most from you. But there is a big challenge that the business team has enough credibility for people to believe it is a real stablecoins?
Tether was also condemned for suspected fraud. In a decentralized market it is very insecure and we need more time to solve this problem.


Title: Re: Stablecoins are the new money, is this true?
Post by: chanc3r on February 22, 2019, 02:29:57 PM
Yes that statement can be partially correct because stablecoins are more like the blockchain version of fiat but the real cryptocurrencies are more worth it because they fully represent the decentralised blockchain tech and i think they are the real asset backed currencies.
The point of stablecoin is to keep the wealth meanwhile it can be used as an ordinary money aswell but to be honest if the blockchain was not yet to reach the point where it could overcome all the massive tx requests dont expect too much these stablecoin to be the new money.


Title: Re: Stablecoins are the new money, is this true?
Post by: Imoote on February 22, 2019, 03:26:21 PM
For the investment in the ico project I really like that I just lack the capital to do it, especially since last year many ico projects failed, and that's why I began to lack more trust in the ico project to invest in it.


Title: Re: Stablecoins are the new money, is this true?
Post by: gregall on February 22, 2019, 06:05:54 PM
Stable coins aren't a smart thought. They are brought together and in the event that we got the hang of anything about unified undertakings at some point or another they generally end up as a trick. It is commonsense to utilize those coins every now and then particularly when you are moving between the trades yet I wouldn't keep my life reserve funds in those coins.

I can see where you are coming from in terms of a storage of value. That's why out of all these 'stablecoins' that were expressed Ampleforth makes the most sense because it can both store wealth AND be used as a unit of account. Have you read their whitepaper? They aren't even calling themselves a stablecoin


Title: Re: Stablecoins are the new money, is this true?
Post by: zhekinsp on February 22, 2019, 06:09:06 PM
Stable coins were created with the intention of invading the crypto currencies under their control so people who get attracted by the value might suffers later so don't support the coin if it is centralized no matter of what their prices are.


Title: Re: Stablecoins are the new money, is this true?
Post by: indoagung88 on February 22, 2019, 07:41:54 PM
I'm not interested at this time with stablecoins, even I don't understand how to invest in it. Is there art seen in price movements? We know that cryptocurrency is synonymous with flutation, so what does that mean?


Title: Re: Stablecoins are the new money, is this true?
Post by: Galantin on February 22, 2019, 07:44:41 PM
I think this is not true. Because the wrong management of the project destroys the coin. Not one stable coin will not work if used improperly. I do not think that stable coins are the key to success.


Title: Re: Stablecoins are the new money, is this true?
Post by: tyz on February 22, 2019, 07:49:08 PM
Stable coins are contrary to what the original idea of cryptocurrencies was. Cryptocurrencies like Bitcoin should be a counterpart to the fiat money of states and banks. Stable coins are in most cases tied to fiat money. For a stable coin token a USD is deposited (sometime also resources like crude oil or gold). That's why a stable coin loses value through inflation like fiat money and is based on its underlying value. In addition, one must trust the authority that holds the USD/Gold/crude oil in return, usually a bank aga or a centralized organisation in.


Title: Re: Stablecoins are the new money, is this true?
Post by: atjiat on February 22, 2019, 08:29:41 PM
Stable coins are contrary to what the original idea of cryptocurrencies was. Cryptocurrencies like Bitcoin should be a counterpart to the fiat money of states and banks. Stable coins are in most cases tied to fiat money. For a stable coin token a USD is deposited (sometime also resources like crude oil or gold). That's why a stable coin loses value through inflation like fiat money and is based on its underlying value. In addition, one must trust the authority that holds the USD/Gold/crude oil in return, usually a bank aga or a centralized organisation in.
The fact is that today the more stable the coins greatly helped cryptocurrency users to avoid big losses. When certain projects fell, for example, funds were transferred to USDT and thus the amount of funds was stalled at the same level and did not fall further.


Title: Re: Stablecoins are the new money, is this true?
Post by: capableuwa1 on February 22, 2019, 08:45:41 PM
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh


When you ask real world merchants and consumers what deters them from paying with crypto, then volatility is the #1 issue, #2 is buyer-seller protection and #3 is complexity.
When you consider payments on mass scale, it is clear that merchants won’t accept a coin that can decrease in value and consumers won’t pay with a coin that may appreciate in value. It also keeps the enterprises and big merchants out as they don’t want to amplify business risks. It was clear that a price stable coin would be highly necessary.


Title: Re: Stablecoins are the new money, is this true?
Post by: CryptoKush on February 22, 2019, 09:04:59 PM
I think that stablecoins have not yet proved that they can exist for many years. I think this is a big question, what can be with some stablecoins in the future. Will they survive in 10 years?


Title: Re: Stablecoins are the new money, is this true?
Post by: BADBITCH on February 22, 2019, 09:24:30 PM
Stable coins are indeed good, but no need to worry about it why ?
All you have to do is focus on your portfolio

Monitoring stable coin would mean you have a lot of capital


Title: Re: Stablecoins are the new money, is this true?
Post by: Juniness on February 22, 2019, 09:33:01 PM
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh


No, I do not invest in such coins , and for me they are not very suitable for investment, for me more like altcoins they can earn a lot more in cryptocurrency!


Title: Re: Stablecoins are the new money, is this true?
Post by: mv1986 on February 22, 2019, 09:45:47 PM
Stable coins are contrary to what the original idea of cryptocurrencies was. Cryptocurrencies like Bitcoin should be a counterpart to the fiat money of states and banks. Stable coins are in most cases tied to fiat money. For a stable coin token a USD is deposited (sometime also resources like crude oil or gold). That's why a stable coin loses value through inflation like fiat money and is based on its underlying value. In addition, one must trust the authority that holds the USD/Gold/crude oil in return, usually a bank aga or a centralized organisation in.

This is all correct, but a stable digital currency is needed for a possible transition into the digital money or crypto economy.


Title: Re: Stablecoins are the new money, is this true?
Post by: invincible49 on February 22, 2019, 11:03:24 PM
A stablecoin is good for payments, a cryptocurrency is good for trading! You don’t make money on the stablecoin if you are holding it but you can make profit off of Bitcoins, Ethereum etc. But stablecoins can be the new safety net until US Dollar dies (!) as last resort! Russia, China, Turkey etc. are allegedly trying to ditch US Dollar and go for alternative currency. Some say they might start using cryptocurrency for their internal trades. It's all mere speculation but seeing all those new stablecoin projects keeps coming up these days, I think something like this may actually happen.


Title: Re: Stablecoins are the new money, is this true?
Post by: Eildosa on February 22, 2019, 11:08:16 PM
That some of the coins show the stability still about what does not speak. The cryptocurrency market is still full of risks. The price of many coins continues to be volatile and it will be better substituted when the market rises.


Title: Re: Stablecoins are the new money, is this true?
Post by: romaleshc on February 22, 2019, 11:13:46 PM
At recent time, a lot of stable coins releases when the cryptocurrency market is stable. I think that durable coins are not suitable for cryptos market because of if the market has more stable coins. It was not able to grow up and go to the moon. I think USDT is an only stable coin and enough for this market.


Title: Re: Stablecoins are the new money, is this true?
Post by: pixie85 on February 23, 2019, 12:32:20 AM
Stablecoins are there to act like a bridge between fiat and crypto and give people something to which they can jump when crypto markets tank. They have many flaws because they are centralized coins owned by companies that are supposed to have enough fiat to cover the total value of the stablecoin.

Why would someone invest in this when you can have your stable fiat money or you can have your unstable crypto with high potential profit. Stablecoins offer no profit and much less security than fiat.


Title: Re: Stablecoins are the new money, is this true?
Post by: Sephire on February 23, 2019, 12:40:02 AM
Stablecoins are there to act like a bridge between fiat and crypto and give people something to which they can jump when crypto markets tank. They have many flaws because they are centralized coins owned by companies that are supposed to have enough fiat to cover the total value of the stablecoin.

Why would someone invest in this when you can have your stable fiat money or you can have your unstable crypto with high potential profit. Stablecoins offer no profit and much less security than fiat.

Agree completely with this. The main purpose of stablecoins is to hold the cash from trades and avoiding  taxable capital gains that using fiat instead will entail. These are riskier than fiat.  Safer to hold your long term exchange funds in BTC or ET and only risk small amounts in any stablecoins.


Title: Re: Stablecoins are the new money, is this true?
Post by: Dragonrage201 on February 23, 2019, 12:49:22 AM
Stablecoins are just for temporarily holding your funds and you cannot make profits from those like cryptos. Some like Tether have been controversial in the past and it is hard to trust all of these stablecoins.


Title: Re: Stablecoins are the new money, is this true?
Post by: Lalafell on February 23, 2019, 04:13:42 PM
Stable coins are now good simply because of the market. Many investors already buy stable coins. But, still I will not invest in stable coins and we do not know if the stable coins will live for the next few years unlike unstable coins who have more potential to live more than decades.


Title: Re: Stablecoins are the new money, is this true?
Post by: igor.vanyutin.83 on February 23, 2019, 04:16:03 PM
Stable coins are an awesome tool to keep your funds safe, but they are backed by real money and they cannot fully replace them. Such coins as NEO, XLM or LTC have real chances to become a new money.


Title: Re: Stablecoins are the new money, is this true?
Post by: Bitvinu12 on February 23, 2019, 04:24:10 PM
In my case of we can't manage any cryptocurrency to owner or other things. Always price changing depend on buyers and sellers. So with this conditions does not any stable coins in cryptocurrency market.also real currencies are changing with their country economical activities.  8)


Title: Re: Stablecoins are the new money, is this true?
Post by: mv1986 on February 23, 2019, 07:12:14 PM
Stable coins are an awesome tool to keep your funds safe, but they are backed by real money and they cannot fully replace them. Such coins as NEO, XLM or LTC have real chances to become a new money.

None of them will become stable over the next couple of years as massive adoption would have to have occurred first before some stability can develop.


Title: Re: Stablecoins are the new money, is this true?
Post by: Irvinn on February 24, 2019, 07:11:21 AM
I'm not interested at this time with stablecoins, even I don't understand how to invest in it. Is there art seen in price movements? We know that cryptocurrency is synonymous with flutation, so what does that mean?
Stable coins are not intended to be invested in them. They are designed for ease of use cryptocurrency. This is only a way of temporary storage of our funds in a period when we have to urgently withdraw our funds from any of our coins or tokens, but the time has not yet come for them to invest in other types of cryptocurrencies. Stable coins allow you to avoid multi-pass ways of bringing them to fiat and back. They allow you to keep a certain amount of time in the same digital envelope that cryptocurrencies have and are not intended for profit.


Title: Re: Stablecoins are the new money, is this true?
Post by: gaciattt on February 24, 2019, 07:26:49 AM
i think that true. because they just using usdt to make 2017 pump.


Title: Re: Stablecoins are the new money, is this true?
Post by: manishanand on February 24, 2019, 07:33:02 AM
Actually, I would never prefer for stable coins although they provide us with some liquidity what will be the use of them to us. They are centralized and are backed by some organization or government. For me, they are just a tool for trading and nothing more. Also, the main thing is when they close down who knows.


Title: Re: Stablecoins are the new money, is this true?
Post by: Caladonian on February 24, 2019, 07:36:38 AM
Actually, I would never prefer for stable coins although they provide us with some liquidity what will be the use of them to us. They are centralized and are backed by some organization or government. For me, they are just a tool for trading and nothing more. Also, the main thing is when they close down who knows.
That's the advantage that can be taken from stable coins, make a use of it when playing inside the market, trade the pairs and grab your earnings but
in terms of dealing with long term positions, I also agree that they ain't design for that, more on a passage getway and in any means.

Invest with progressing tokens as there's a lots of potentials to come your way.


Title: Re: Stablecoins are the new money, is this true?
Post by: SistaFista on February 24, 2019, 02:40:16 PM
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh



Stablecoins actually are not the new money. It is money, but in the form of cryptocurrency.
The stable cryptocurrencies are backed by money, so it is not a new money.
I think it is not easy to create a stable coin without something backed on it.


Title: Re: Stablecoins are the new money, is this true?
Post by: minttop on February 24, 2019, 02:49:57 PM
Stable coins are the new money, because even JP morgan has created own stable coin and to my mind it is something what proves demand of stable coins


Title: Re: Stablecoins are the new money, is this true?
Post by: CryptoAlphaStar on February 24, 2019, 04:27:08 PM
Stable coins will definitely be the new money, but they are not that utilized yet. However, I think they will be much more widely used than Bitcoin.
The problem is, if the fiat monetary system fails, the stablecoins fail, too.


Title: Re: Stablecoins are the new money, is this true?
Post by: aji567 on February 24, 2019, 05:35:20 PM
For me stablecoin is an old coin that is still expensive until now. like bitcoin, ethereum and other coins. I think bitcoin is the most stable coin because the price is still expensive today.


Title: Re: Stablecoins are the new money, is this true?
Post by: playboy654 on February 24, 2019, 05:36:23 PM
Stable coins are not a good start for normal money because we have a lots of problems with that to accept that stable coins are like a normal currency but the future will be the answer for this question to make it possible.


Title: Re: Stablecoins are the new money, is this true?
Post by: crwth on February 24, 2019, 05:41:05 PM
I just managed to check the article, and I don't agree to some part of it. Like

Quote
The main reason why bitcoin (BTC) has only reached mass adoption as an investment asset but not as a currency is that it is prone to extreme volatility

I don't get it much, but Bitcoin is already a currency. It's the currency being traded by another cryptocurrency. Isn't that the purpose of Bitcoin now? Being the main one and would probably stand. It's going to be hard for it to be stable, maybe because of, it's nature. That's the beauty of BTC. It's volatile and possible to profit every time.

I just think that it's no point in creating any more.


Title: Re: Stablecoins are the new money, is this true?
Post by: Perfect35 on February 24, 2019, 11:57:04 PM
Some coins claim to be stable, whereas they are not.
Some so called stable coins are just here to take investors money and at the end, you may not get the value for your money.
I see no reason to invest in a coin that claims to be stable, yet very volatile.


Title: Re: Stablecoins are the new money, is this true?
Post by: mv1986 on February 25, 2019, 12:27:57 PM
Some coins claim to be stable, whereas they are not.
Some so called stable coins are just here to take investors money and at the end, you may not get the value for your money.
I see no reason to invest in a coin that claims to be stable, yet very volatile.

If you use stable coins you should use established schemes with reliable audits and registered businesses behind them or otherwise there is definitely a good chance that the stable coin is just going to disappear.


Title: Re: Stablecoins are the new money, is this true?
Post by: ewewew888222 on February 25, 2019, 01:11:25 PM
The current stable coin is not suitable for settlement.
I expect it to be a stable coin in the DAG currency with high throughput and speed
And in order to be accepted as money, it is necessary to increase the number of stores that are paired at many exchanges or that can be settled.


Title: Re: Stablecoins are the new money, is this true?
Post by: watergold on February 25, 2019, 02:33:35 PM
nowadays there is a lot of stable coin popping up and I am not sure if Stablecoin is new money. Stablecoin is only effective for saving and exchanging on exchange


Title: Re: Stablecoins are the new money, is this true?
Post by: altscaner on February 25, 2019, 02:44:07 PM
stablecoin in my opinion is only an alternative currency because it is now almost like the other digtial currencies, because people are competing to make stablecoin but this also has to be wary of so there can be a new coin that ends with a scam


Title: Re: Stablecoins are the new money, is this true?
Post by: qomariah95 on February 25, 2019, 03:59:06 PM
I don't understand what Stablecoin is forcing, I know a crypto is a stable price. Am I wrong ? Please correct. Because there are many projects that say their coins will be stable in the future. Can it be with GAS, I forget the name of the GAS. There is also gold. I really don't know exactly what Stablecoin meant.


Title: Re: Stablecoins are the new money, is this true?
Post by: craigpo on February 25, 2019, 06:02:31 PM
Honestly I would say they are in the spotlight right now especially those that are fiat backed but I don't think they are the 'new money'. I think we need to reframe how we view, use and save money all together. In that case I would say Ampleforth has my vote.


Title: Re: Stablecoins are the new money, is this true?
Post by: tadpole_bitfrog on February 25, 2019, 06:14:58 PM
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh


It will be real money if the business owner is really a reputable person and trusted by many people. or certified by law and SEC. Currently the issue of accusing the stablecoins is unresolved scams.
Please wait a while longer, the law will resolve this matter quickly and we will know where are the scam altcoins.


Title: Re: Stablecoins are the new money, is this true?
Post by: cudora on February 25, 2019, 06:20:42 PM
It depends on what you are aiming for. In my opinion there are some coins on the market that should be used instead of fiat money. Such currencies as NEO, ETH or LTC can fully replace money in the nearest future.


Title: Re: Stablecoins are the new money, is this true?
Post by: teilwalL05 on February 25, 2019, 06:27:04 PM
I don't understand what Stablecoin is forcing, I know a crypto is a stable price. Am I wrong ? Please correct. Because there are many projects that say their coins will be stable in the future. Can it be with GAS, I forget the name of the GAS. There is also gold. I really don't know exactly what Stablecoin meant.

Stablecoins is not cryptocurrency while they possess a digital appearance they still get back up by fiat currencies and can be compromised by government actions that is why if the bitcoin and all other cryptocurrencies in the market are in the red zone these Stablecoins is in green zone always, They are not connected to bitcoin but naturally connected with fiat currency, While Bitcoin is subdued to extreme volatility these coins are not but even though they are stable in price, they can be sometimes susceptible to market fluctuations and could lose their price stability in times of extreme market volatility.


Title: Re: Stablecoins are the new money, is this true?
Post by: mr.robot8 on February 25, 2019, 06:58:42 PM

even if they are not like the money stable coins are a safe haven from changes in the market and as a point of exit from day trading


Title: Re: Stablecoins are the new money, is this true?
Post by: gutshot5820 on February 26, 2019, 07:31:58 PM
I think what Ampleforth is trying to become is a stable account of money not necessarily a 'stablecoin' pegged to fiat or crypto. Instead they use a algorithm to help balance supply and demand.


Title: Re: Stablecoins are the new money, is this true?
Post by: Ccexicocartel on February 27, 2019, 03:19:06 AM
We need sound money like ampleforth more than we need another fiat backed stablecoin.


Title: Re: Stablecoins are the new money, is this true?
Post by: crwth on February 27, 2019, 03:29:09 AM
We need sound money like ampleforth more than we need another fiat backed stablecoin.
Isn't that just going to be like what we are trying to avoid? The essence of having cryptocurrency is to stay away from things like that. I mean, what's the difference now than before? Of course, now, the printed money is not backed anymore and even the gold standard, how are we so sure that it's going to be back? At least with a limited supply of coin, we could see how much growth there could be or something.


Title: Re: Stablecoins are the new money, is this true?
Post by: Mianae on February 27, 2019, 06:03:30 AM
Nothing is really stable even those coins we think are stable fall in price especially ones pegged again Ethereum. The only thing I know that's stable is USD Fiat no other cryptocurrency is really stable everything falls from time to time..


Title: Re: Stablecoins are the new money, is this true?
Post by: Bourbon44 on February 27, 2019, 07:38:07 PM
Stablecoins seems to be trendy this year but I don't think they will be forever once people realize how centralized they all seem to be. Of all the 'stable' coins I would say that Ampleforth looks to be the most sound and one that looks to be the most successful in the future if we are trying to obtain a true decentralized form of payment.


Title: Re: Stablecoins are the new money, is this true?
Post by: accounting 181293 on February 27, 2019, 07:43:50 PM
maybe. I see stable coins are popular nowadays, there are many stable coin projects that are hype now. but I don't think they will be able to be used as payments before crypto is fully legalized.


Title: Re: Stablecoins are the new money, is this true?
Post by: terrorJR on February 27, 2019, 07:45:16 PM
There is nothing stable in cryptocurrency, there must be a downturn, if you want to make money like money it's hard to understand


Title: Re: Stablecoins are the new money, is this true?
Post by: takngantuk on February 27, 2019, 07:49:59 PM
as long as they remain stable coins, I think that's possible. crypto currently needs something stable so that new investors want to invest in crypto. and in the future when crypto has been received by all countries, I'm sure stable coin will be used as payment. so it's only a matter of time for stable coins to become new money.


Title: Re: Stablecoins are the new money, is this true?
Post by: JumperX on February 27, 2019, 07:50:40 PM
Investing on stable coins are not the smart thought. They are concentrated and in the event that we picked up anything about incorporated undertakings, at some point or another they generally end up as a trick. It is commonsense to utilize those coins every once in a while particularly when you are moving between the trades however I wouldn't keep my life reserve funds in those coins.


Title: Re: Stablecoins are the new money, is this true?
Post by: Buzhou on February 27, 2019, 07:55:17 PM
That's what they want, but you call stablecoin from cryptocurrency is a lot of presumption!
Who said that Bitcoin's ambition is to be money? Whoever propagates this is an unfounded lie.
Because Bitcoin's ambition is simply to be Bitcoin and to provide endless possibilities in anything in life, that's Bitcoin!
Stablecoin is an initiatory way of putting at the head of the mass that Bitcoin is not the correct and true altenative.


Title: Re: Stablecoins are the new money, is this true?
Post by: AgentZero23 on February 27, 2019, 08:09:01 PM
Stable coins are part of crypto revolution and it will be become an important asset for security purposes. Stable coins are created because the crypto market is unstable. And many investors would like to trade their ether or btc to TUSD or USDC to avoid further loses. Stable coin will have an important role in crypto, but it will not have a massive adaption compared to btc, ether, xrp and others.


Title: Re: Stablecoins are the new money, is this true?
Post by: djkyno on February 27, 2019, 08:13:24 PM
I don't think so, because there is no real difference, in my view, between fiat currencies and stablecoins, regarding their prices. It is good to buy or hold them because their prices are stable usually, but it is not going to increase highly like the other volatile cryptocurrencies.
This feature will not encourage so many people to trade them.


Title: Re: Stablecoins are the new money, is this true?
Post by: No Pain No blood on February 27, 2019, 08:15:46 PM
yes stable coin is new money. and it will be used as a global payment. Stable coins will eliminate the restrictions on FIAT.


Title: Re: Stablecoins are the new money, is this true?
Post by: cryptojac17 on February 27, 2019, 08:26:57 PM
There is nothing stable in cryptocurrency, there must be a downturn, if you want to make money like money it's hard to understand

Yes there's no such stable coins like cryptocurrency, but if this money will turn to fast rising pump you will be able to enjoy the benefit it may bring to your life. If stablecoins will soar in the market,  the demands will also be lifted up and bounce upward with only minimal conditions that it will fluctuate, but suddenly fall off from highest price.


Title: Re: Stablecoins are the new money, is this true?
Post by: andreibi on February 27, 2019, 08:32:00 PM
Stablecoin is an ironic name. The peg is maintained by a central authority , which might also bend the rules. So basically you are trusting that your stablecoin can be redeemed.


Title: Re: Stablecoins are the new money, is this true?
Post by: yingfeng on February 27, 2019, 08:32:58 PM
I don't like Stablecoins. I do not understand how they are provided. I am not sure that Usdt will not be depreciated tomorrow.


Title: Re: Stablecoins are the new money, is this true?
Post by: chocopapaya on February 27, 2019, 08:34:30 PM
Stable coins are a very risky investment right now.
They are highly unregulated and audited.
In America, a stable coin is considered a security, yet so many exchanges use it even though it is not fully compliant.
The only one that I know that is legally operating is Gemini dollar.
So you run the very real risk of authorities stepping in the future and you losing your investment.

Also, a lot of these "stable" coins might not be stable at all.
Tether is the best example.  They finally got around to auditing themselves but it was done by a company that has no legitimacy and the findings were dubious.
A lot of the other stable coins have never even done that.
So whether each coin is backed up by a real usd, well, you are just going to have to trust them.
And from what we've seen, can you say that most of the crypto world is scam free?



Title: Re: Stablecoins are the new money, is this true?
Post by: Hamphser on February 27, 2019, 08:37:04 PM
I don't think so, because there is no real difference, in my view, between fiat currencies and stablecoins, regarding their prices. It is good to buy or hold them because their prices are stable usually, but it is not going to increase highly like the other volatile cryptocurrencies.
This feature will not encourage so many people to trade them.
Fiat and stable coins is never been stable.You do able to see that their prices isn't fixed they do move or changed but somehow it is only on smaller ranges but the thing here is that
Stablecoins is never be considered to be a new money.We might saw e-currency but not to these stable coins.They would just stick as they should be.


Title: Re: Stablecoins are the new money, is this true?
Post by: Wildwest on February 27, 2019, 08:53:40 PM
any stable coin can never be money, because of its legality in the world and it's the same as other coins, which only distinguishes price stability


Title: Re: Stablecoins are the new money, is this true?
Post by: quarkyplum on February 27, 2019, 09:36:53 PM
As I can see almost traders and investors often don't wanna invest their money in any stable coin only when a big dump is coming. But I think stable coins have very high chance to be the first coins legalized and used as currency to trade for everything because of its price is always stable at $1.


Title: Re: Stablecoins are the new money, is this true?
Post by: crenfrosck on February 27, 2019, 11:13:34 PM
Stablecoins are backed by a particular asset. If that asset is USD which is backed by empty promises, your stablecoin is probably not that stable. On the other hand, coins which represent reserves of gold or other rare metals/assets which can not be literally printed out of nowhere might become a basis of a whole new economical system. Technologies have come so far that we can cut off the government which does not like this scenario (unsurprisingly). I reccomend putting some money into serious coins and watch central planners burn in their own game  ;).


Title: Re: Stablecoins are the new money, is this true?
Post by: ivaf on February 28, 2019, 10:14:21 AM
Cryptocurrencies provide fast, cheap, and borderless payments, but historically, this has come at the high user cost of extreme volatility. Stablecoins solve this problem and one can imagine that they may eventually be the dominant form of money globally.


Title: Re: Stablecoins are the new money, is this true?
Post by: rose9696 on February 28, 2019, 10:24:17 AM
 Because the electronic money market is now affirmed as a separate financial market and has a lot of support from many investors in countries around the world.
so a volatile market needs some stablecoins to make the market more perfect. That is also the reason why stablecoins become more important.


Title: Re: Stablecoins are the new money, is this true?
Post by: CarnagexD on February 28, 2019, 11:19:06 AM
any stable coin can never be money, because of its legality in the world and it's the same as other coins, which only distinguishes price stability
There is no stable coins in the first place if ever there would be it will be going senseless thing since there is already fiat currencies. I guess what you guys preferring on " stable coins" is a less volatile coin wherein its price does not move drastically. Nothing's really stable here on this kind of industry just so happen that there are market statuses that volatility rate goes down.


Title: Re: Stablecoins are the new money, is this true?
Post by: L1240erion on February 28, 2019, 08:02:45 PM
I would say non-collateralized stable coins are NEW money. Fiat backed is still fiat. I find what Maker and Ampleforth doing really interesting. Difficult to grasp for new users but I think with time and the proper education people will appreciate what they're trying to achieve.


Title: Re: Stablecoins are the new money, is this true?
Post by: mv1986 on February 28, 2019, 09:04:32 PM
I would say non-collateralized stable coins are NEW money. Fiat backed is still fiat. I find what Maker and Ampleforth doing really interesting. Difficult to grasp for new users but I think with time and the proper education people will appreciate what they're trying to achieve.

The issue is to create a scheme that allows for decentralized backing in a way that you don't have centralized reservers. You need to back a coin with something, or otherwise it must be air.


Title: Re: Stablecoins are the new money, is this true?
Post by: @Hakermania@ on February 28, 2019, 09:04:43 PM
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh



Interesting article, I believe that virtual money will be the future .. thanks to the blockchain it is possible that a virtual object is as real as a physical object ...imho physical money will soon be obsolete


Title: Re: Stablecoins are the new money, is this true?
Post by: keung0109 on February 28, 2019, 09:08:57 PM
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh



Interesting article, I believe that virtual money will be the future .. thanks to the blockchain it is possible that a virtual object is as real as a physical object ...imho physical money will soon be obsolete

I really do believe that virtual money will be the future too especially an algorithmic based coin like Ampleforth. Computers are just more accurate than humans, even more trusting.


Title: Re: Stablecoins are the new money, is this true?
Post by: MasterCATZ on February 28, 2019, 10:37:26 PM
As I can see almost traders and investors often don't wanna invest their money in any stable coin only when a big dump is coming. But I think stable coins have very high chance to be the first coins legalized and used as currency to trade for everything because of its price is always stable at $1.


Paying attention to the latest news, now there is a new trend on stable coins, companies have good motives, they want to prevent big losses, Facebook creates stable coins, telegram will have a similar coin too, such giants understand responsibility and want to avoid risks.


Title: Re: Stablecoins are the new money, is this true?
Post by: Btc4Proxies on February 28, 2019, 11:01:31 PM
I just read Ampleforth's whitepaper which might be the most interesting and easy to ready whitepaper. They did a good job making something so complex quite easy to comprehend.


Title: Re: Stablecoins are the new money, is this true?
Post by: mv1986 on March 01, 2019, 01:00:55 PM
As I can see almost traders and investors often don't wanna invest their money in any stable coin only when a big dump is coming. But I think stable coins have very high chance to be the first coins legalized and used as currency to trade for everything because of its price is always stable at $1.


Paying attention to the latest news, now there is a new trend on stable coins, companies have good motives, they want to prevent big losses, Facebook creates stable coins, telegram will have a similar coin too, such giants understand responsibility and want to avoid risks.

If the stable coins are backed by inflationary currencies or are tied to them, it is not that much of an improvement over the existing system.


Title: Re: Stablecoins are the new money, is this true?
Post by: makerst on March 01, 2019, 01:09:01 PM
In general, you can probably say so, because the projects that today call themselves stable usually say that their tokens are provided with real money. Therefore, I think that in general it is probably possible. Especially if projects like USDT are still alive today.


Title: Re: Stablecoins are the new money, is this true?
Post by: bonker on March 01, 2019, 01:15:40 PM
I just read Ampleforth's whitepaper which might be the most interesting and easy to ready whitepaper. They did a good job making something so complex quite easy to comprehend.
It doesn't make the project to be worthy to invest. :D

There is no need to understand how the coin and blockchain will work if we want to use it so investor need to do those things and for stable coins there is no need of anything.


Title: Re: Stablecoins are the new money, is this true?
Post by: UserMatt1 on March 01, 2019, 01:18:10 PM
I believe in a way stablecoins can be part of the future of crypto. Big corporations that need fast currency for payments and settlements, will prefer  a stable asset, such as stablecoins whist also benefiting from the advantages of blockchain!


Title: Re: Stablecoins are the new money, is this true?
Post by: tranthiky on March 01, 2019, 01:59:50 PM
If you own 1 USDT, TUSD, PAX is equivalent to 1 USD. You can exchange stablecoin to fiat if you want to do this. I call it real money , but it is manipulated too much by tycoons so it can become garbage at any time.


Title: Re: Stablecoins are the new money, is this true?
Post by: dulinivanrus on March 01, 2019, 02:06:37 PM
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh


There is no point in investing in stable coins. What is the point to buy a coin for $ 1 and then sell this same coin for $ 1. This is ridiculous and does not make any sense, but for example JPMORGAN plans to provide users of the Bank services. People who will be customers of the Bank will be given coins to their Deposit, but so far it's all in development and implementation.


Title: Re: Stablecoins are the new money, is this true?
Post by: Bot Asem on March 01, 2019, 02:17:48 PM
To maintain the purchasing power of cryptocurrency, a stable coin is needed as a payment to avoid the price of payment coins such as Bitcoin and Ethereum dropping or the price is fluctuating.


Title: Re: Stablecoins are the new money, is this true?
Post by: Coltpython on March 01, 2019, 02:38:00 PM
Stable coins are the next big thing now. My fear is that it will give a lot of scammers new ideas and they will take advantage of it to rob unaware investors like the rise of ICOs and lending coins in 2017. Best to be careful.


Title: Re: Stablecoins are the new money, is this true?
Post by: BitcoinTurk on March 01, 2019, 03:20:51 PM
Although I thought they were beautiful in terms of vision, it was something I didn't like, stable cryptos. Whether they are serving outside of their objectives or not at a good level in terms of user confidence may be listed as valid reasons not to prefer them. Of course, these options, which will take shelter in short-term processes, especially in periods of decline, will probably have a much more effective place in our later life.


Title: Re: Stablecoins are the new money, is this true?
Post by: Nwankwobtt on March 01, 2019, 03:32:56 PM
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh



Perhaps we are evolving and moving towards cryptocurency stability since stable coins has less tendency to volatilities and boosts investors trust and confidence


Title: Re: Stablecoins are the new money, is this true?
Post by: singlecrytpo on March 01, 2019, 10:20:12 PM
I don't really feel that fiat backed stablecoins are a good idea especially if that's what we are trying to steer away from. I am curious about crypto-backed and their volatility. Algorithmic stablecoins seems to make a little more sense in how they can reach stability esp an elastic supply policy that Ampleforth has. We would need something that fluctuates just as much as demand does.


Title: Re: Stablecoins are the new money, is this true?
Post by: mv1986 on March 02, 2019, 02:56:38 PM
Stable coins are the next big thing now. My fear is that it will give a lot of scammers new ideas and they will take advantage of it to rob unaware investors like the rise of ICOs and lending coins in 2017. Best to be careful.

It is not so easy to steal money with stable coin projects because investors want to understand where the reserves are and who does the audit for that. Still a risk to invest as always.


Title: Re: Stablecoins are the new money, is this true?
Post by: raptorez on March 02, 2019, 04:48:36 PM
Many people think that this is the case. But what prevents them from printing a lot of money? Just like today, maybe with the dollar? It seems to me that today a very large number of people understand this.


Title: Re: Stablecoins are the new money, is this true?
Post by: mv1986 on March 02, 2019, 05:33:36 PM
Many people think that this is the case. But what prevents them from printing a lot of money? Just like today, maybe with the dollar? It seems to me that today a very large number of people understand this.

Depends on the system you use for the stable currency. As for printing a lot of money, the advantage with a digital currency is that there is a publicly visible ledger, so it doesn't go undetected.


Title: Re: Stablecoins are the new money, is this true?
Post by: HichemFetoui on March 02, 2019, 07:33:24 PM
yes as we saw last year was the year of stable coin we have seen all how all the market is in the red except those coin how stand very well with a positive percentage near to 0.01% :p


Title: Re: Stablecoins are the new money, is this true?
Post by: mv1986 on March 03, 2019, 12:04:38 PM
yes as we saw last year was the year of stable coin we have seen all how all the market is in the red except those coin how stand very well with a positive percentage near to 0.01% :p

Too sad your joke is completely right! :D The stable coins were the best performing coins in 2018, yeah!


Title: Re: Stablecoins are the new money, is this true?
Post by: babicena14 on March 14, 2019, 08:30:42 AM
I agree that stablecoin is more likely to further the development of money. Based on the latest news, we know that the leading banks are interested in issuing their own stablecoin, which confirms this theory. If we talk about the Maker project, its goal is to create decentralized tokens with a stable value that is tied to real assets, such as Fiat currencies or precious metals. The Maker fits perfectly into the likely evolution of money.