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Ucy (OP)
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December 10, 2017, 12:57:41 PM |
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Guys what do you think?
I believe it is possible to create an Altcoin that does not change very much (very stable coin)...that will kind of imitate the US dollar.. But am not sure how this can be done. Would probably require complicated Maths to create to ensure that it stands the taste of time.
Do you have any idea how this can be done?
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cryptonoob312
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December 10, 2017, 01:00:31 PM |
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Such coin should be used by masses of people, thus it has to be easy to use and be accepted everywhere. However in this case that coin will be controlled by government, not you.
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BogdanGFTP
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December 10, 2017, 01:17:15 PM |
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It's one of the big problem of decentralised money and only centralisation can solve it.
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rynah011991
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December 10, 2017, 01:32:32 PM |
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No coins were stay stable forever, nothing is contant in this world, it was Change. So as the years pass by, many will change due to change in techonology and others. Like now, such as bitcoin, previous years, it was nothing, but then is suddenly rice. Maybe, it was its time now. And it will be override by other coins on the near future years.
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colacat1111
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December 10, 2017, 01:43:09 PM |
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I think the most stable altcoin is USDT since it is US dollar essentially. Besides this, I do not think there is other altcoins can be very stable. No waves, no investment value.
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CaptainKid
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December 10, 2017, 01:45:37 PM |
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Guys what do you think?
I believe it is possible to create an Altcoin that does not change very much (very stable coin)...that will kind of imitate the US dollar.. But am not sure how this can be done. Would probably require complicated Maths to create to ensure that it stands the taste of time.
Do you have any idea how this can be done?
I wonder what kind of answer you want? Algorithm and idea of creating such a coin? ; D In the market there is a large number of coins, but not all reach "heights" and the prospect of growth. Maybe we will someday see the ideal currency. |
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Beerwizzard
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December 10, 2017, 01:50:14 PM |
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if you mean the same exchange rate of this coin then you can fix the rate (or attach it to the fiat currency 1:1) and you will get another tether. Does it make this coin legit? Nope. Such coin should be used by masses of people, thus it has to be easy to use and be accepted everywhere.
Bitcoin is used by masses of people and the price changes like crazy. It will be stable only if people will accept it as a notmal currency worldwide without transfering it to fiat. but in this case you couldn't compare btc / usd price while saying soething about its stability. |
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zabisux
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December 10, 2017, 01:51:45 PM |
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There are some coins that try to maintain this like currently known Tether and newer projects like Minerva. I don't think its possible unless you create artificial value like they do with Tether  |
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dragon695
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December 10, 2017, 02:00:35 PM |
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The coin you mention is Tether. When the market fluctuates and you wanna save your money, you can hold Tether. However, If a coin is too stable, it can not attract the investors.
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Lodipetmalu
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December 10, 2017, 02:09:53 PM |
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No one coin will stay stable forever. Each currency or coins will depreciated as the time passby. And also a possibility that another type of currency or coins will exist as nothing is contant in this wolrd.
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Nebell
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December 10, 2017, 02:12:10 PM |
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Yup as people mentioned previously, it's already been done. Tether (USDT) is a stable currency you can use to trade crypto with when you want to get out and wait for the best buying opportunity but don't want to exchange for fiat.
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vonnyaries
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December 10, 2017, 02:36:10 PM |
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i think it immpossible to make coin stable forever, because market order and sell order makes the coin is not stable, i know what factor that make that coin is stable, dont open the market for public so the price stuck and you can get the high or low
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poodle63
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December 10, 2017, 02:53:24 PM |
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The coin you mention is Tether. When the market fluctuates and you wanna save your money, you can hold Tether. However, If a coin is too stable, it can not attract the investors.
But i don't know about the tether was backed by what. this does make sense to see the coin like tether has the stable price just like a dollar. When it comes to another coin with a lot of the volatility that means the tether looks different with it. |
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Good_Boy
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December 10, 2017, 02:55:42 PM |
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You can create such a coin, but how do you convince people to exchange their dollars for your coin? This is the main question
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ben_btctalk
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December 10, 2017, 02:57:20 PM |
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waves usd wusd or waves euro weuro backed by real currency as i know. they are some projects also wroking on stable coins.
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Guddini
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December 10, 2017, 02:58:07 PM |
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But how is it possible? well, understand the dollar because there is full control of the state, but if it does not obey no one, then the rate will constantly change
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mudra102
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December 10, 2017, 02:59:45 PM |
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it's not easy you must rich right,like bitcoin is never stable too i see
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slaman29
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December 10, 2017, 03:01:32 PM |
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Guys what do you think?
I believe it is possible to create an Altcoin that does not change very much (very stable coin)...that will kind of imitate the US dollar.. But am not sure how this can be done. Would probably require complicated Maths to create to ensure that it stands the taste of time.
Do you have any idea how this can be done?
You're talking about altcoins pegged to a commodity or altcoins that simply don't have any value at all forever? haha. You can'y have a stable altcoin unless you want to peg it to USD, like Tether or Steem Dollars. Then again, as you can see, their values still rise and fall against pegged currencies and there are always pressures for the coin to unpeg. But if you're talking about altcoins that have very stable price historically, then you want coins that only rely on organic growth, building its own slow adoption and development without marketing and with the influence of speculation trading (that is, not listed on exchanges). You can find a lot of these coins on bitcoin garden. |
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syaripudin
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December 10, 2017, 03:02:48 PM |
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I think the price of a coin will not be predictable because more and more investors are willing to invest crypto then this will make the price of the type of crypto it will certainly increase as well as the rise in bitcoin prices are very signified in the last week it shows that the more the investors who want to invest in bitcoin.dan when the price is higher and back down of course this is caused by the many investors who do who do a profit on a large scale to get a profit with what has been invested. so I can get one conclusion that the price of a coin will never be stable anytime because this is a form of investment. and now the japanese state has legalized bitcoin as a legitimate currency this of course will be able to influence the bitcoin price to increase the higher and then will happen again a decrease in price because of the many who take a profit from what has been invested.
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~Bitcoin~
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December 10, 2017, 03:32:37 PM |
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Tether is one of such coins which tends to hold price 1 USD because there is equal amount of USD backing that token which is hard to believe and many thinks they don't have such amounts in their banks. https://tether.to/ (read more there on how it works). |
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Sahyadri
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December 10, 2017, 05:03:56 PM |
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A coin can't stay at the same price forever if it is decentralized. In order for it to become stable it has to be centralized and governed by an authority. LTC for instance, is created by Charlie Lee and managed by him. The coin if available for trading will increase or decrease in price based on people's interest over it. So it is difficult for a coin to be stable in price until it is a shit coin and nobody has any interest in it.
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pooque
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December 10, 2017, 05:12:25 PM |
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Guys what do you think?
I believe it is possible to create an Altcoin that does not change very much (very stable coin)...that will kind of imitate the US dollar.. But am not sure how this can be done. Would probably require complicated Maths to create to ensure that it stands the taste of time.
Do you have any idea how this can be done?
Yes its possible to create a coin like that,but the problem is the people wont touch that coin because its morelikely a centralized currency its like you created another paypal like digital asset. |
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dirgayeah
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December 10, 2017, 05:16:37 PM |
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Guys what do you think?
I believe it is possible to create an Altcoin that does not change very much (very stable coin)...that will kind of imitate the US dollar.. But am not sure how this can be done. Would probably require complicated Maths to create to ensure that it stands the taste of time.
Do you have any idea how this can be done?
I have no idea for this because this crypto and not like a fiat. Fiat are controlled by goverment and economic trend. And crypto is not regulated by anyone so its hard to control it guys. So in my craziest idea you should be a president, so you have much power to make a regulation of crypto and make it legal. Made a international relationship with another country and start to introduce the cryptoeconomy trend and describe about advantages for the cryptocurrency. I think you can control the coin. But thas just my opinion guys.  |
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Bastime
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December 10, 2017, 05:21:20 PM |
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I don't think it's possible that a coin or Cryptocurrency will stay forever unless the security is very strong and hackers cannot penetrate multiple core servers once at a time but I really don't think even Bitcoin that will last 50 years or more.
Creating a coin to last forever is unthinkable due to volatility and nothing is secure when it comes into internet and inter-networks.
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