Stablecoin vs BTC for everyday transactions?

[ccryptopark]

Where do you guys stand with stablecoins and their potential? saw this read on forbes talking about the current offerings in the market.

https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6

My personal favorite is havven since they're not backed by fiat and are trustless. Thoughts?

[gregall]

I believe in them, but it all comes down to execution. I heard about havven before when they had their ICO and by just reading the article, I can see a lot more potential in them versus Tether and MakerDAO. Transparency and having a trustless system is so important and it looks like they're the only one's doing that.

[Teraboy]

Where do you guys stand with stablecoins and their potential? saw this read on forbes talking about the current offerings in the market.

https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6

My personal favorite is havven since they're not backed by fiat and are trustless. Thoughts?

Havven looks good in my opinion but not sure about the price of havven. I remember the developer was started with so many bonus to the early adopters. But it looks like the majority of market still interested with the bitcoin as main payment. Havven is trying to create stable currency through generated two coins to backed each other. But i don't know if this system will be totally work for sure. just waiting for the implementation of it.

[pranazzs]

Where do you guys stand with stablecoins and their potential? saw this read on forbes talking about the current offerings in the market.

https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6

My personal favorite is havven since they're not backed by fiat and are trustless. Thoughts?

New token of Havven. when ICO has just finished, but it has been referred to as Stablecoin. I think it's amazing for Token Havven.
The community is mostly on telegram, because havven has an Airdrop. many people know what kind of project Havven is.

Where do you guys stand with stablecoins and their potential? saw this read on forbes talking about the current offerings in the market.

https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6

My personal favorite is havven since they're not backed by fiat and are trustless. Thoughts?

Havven looks good in my opinion but not sure about the price of havven. I remember the developer was started with so many bonus to the early adopters. But it looks like the majority of market still interested with the bitcoin as main payment. Havven is trying to create stable currency through generated two coins to backed each other. But i don't know if this system will be totally work for sure. just waiting for the implementation of it.

I agree with you, for the Havven token.

[celtic99]

Pretty sure tether doesn't even have the cash to back up the amount of tether they have printed.  There may be a disastrous day when tether collapses and people are left with nothing.  Personally I avoid trading with usdt

[anggriani]

the price of the whole crypto still tend to fluctuate and unstable. very rarely do I see crypto to stabilize in a few months even in one year. too early to compare stable coins with bitcoin.

[alexcopper]

Pretty sure tether doesn't even have the cash to back up the amount of tether they have printed.  There may be a disastrous day when tether collapses and people are left with nothing.  Personally I avoid trading with usdt

this is the main reason why I hate stablecoins pegged to gold or fiat lol. havven's system makes complete sense. we have crypto to get away from gold and fiat LOL

[jacobwoods]

DAI tokens are backed by ETH if i can recall.. they also have a partnership with DGD if i remember correctly. DAI has actually maintained stable price. Switchain is the first instant exchnage offering DAI.. In DOGE, LTC and BTC trade pairs.. certainly a better option than buying tether.. opinions on Nubits??

[justin86]

For everyday transactions, bitcoin is not suitable now, but there are lots of coins that is suitable for that. I don't think there should be such coin for only everyday use, many coin is suitable for that.

[torrantz]

DAI tokens are backed by ETH if i can recall.. they also have a partnership with DGD if i remember correctly. DAI has actually maintained stable price. Switchain is the first instant exchnage offering DAI.. In DOGE, LTC and BTC trade pairs.. certainly a better option than buying tether.. opinions on Nubits??

If the DAI token was backed by ethereum and How can it be considered as stable coin? consider about the fact that the price of ethereum was always changing anytime. Tether has already manipulated by the developer to be as a money printing.

[JariKriting]

Where do you guys stand with stablecoins and their potential? saw this read on forbes talking about the current offerings in the market.

https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6

My personal favorite is havven since they're not backed by fiat and are trustless. Thoughts?

what is stablecoin
and why you compare with bitcoin, iam first hear about stable coin
because never list in market exchanger

[Yuuto]

Where do you guys stand with stablecoins and their potential? saw this read on forbes talking about the current offerings in the market.

https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6

My personal favorite is havven since they're not backed by fiat and are trustless. Thoughts?

I don't think that stablecoins will be used in everyday transactions. Otherwise people would be paying with Tether instead of bitcoin for their online transactions, but that is not happening. First there is a lack of awareness about these stablecoins, secondly, either there are no reserves at all, fractional reserve, or in tether's case they claim that each tether usd is backed by 100% actual USD deposits, but that's probably not the case.

Havven is interesting, but will take time to prove its worth.

For now, I think BTC still has an edge because of its existing user base and popularity. Stablecoins need to be pegged to something, which means that one way or another it is centralized. Bitcoin's value is derived from itself, it doesn't need any backing.

[jacobwoods]

DAI tokens are backed by ETH if i can recall.. they also have a partnership with DGD if i remember correctly. DAI has actually maintained stable price. Switchain is the first instant exchnage offering DAI.. In DOGE, LTC and BTC trade pairs.. certainly a better option than buying tether.. opinions on Nubits??

If the DAI token was backed by ethereum and How can it be considered as stable coin? consider about the fact that the price of ethereum was always changing anytime. Tether has already manipulated by the developer to be as a money printing.

The way i understand is this:

They change the amount of ether backing each DAI token as the price fluctuates so that $1 of ETH is always backing each coin.. If price of ether goes up, less ETH backs each coin

[disconnectme]

Off course stable coins is a neccessary in the space because it provide a safe haven without entering into fiat everytime there is a fluctuation in the price of an asset one is hold and Tether has done a great job in this regard, to me Tether is still the best and has not being given the due respect its deserve. I like havven team but jury is still outthere

[jack107]

I think one thing we need to remember is that tether is very much centralized as a bank.

Havven is completely decentralized and trustless. You can read more about how their dual token system works it's quite fascinating: https://havven.io/uploads/havven_pitch_deck.pdf

[CryptoCoin8487]

I think this stable coins dont have the ability to increase there price because they are a stable coins and produce only according to there back up fiat money which is stable and no volatibility.

[zajtsewatan]

Stablecoins will be only ones in big demand for everyday transactions. BTC will be like the storage of value and would not be trasfered very frequently. It is high time now to buy some stable coins that are making an ICO now and are backed with the shares , like LibreCash or probably Heaven, because it is only the way to get some kind of profit due to the users base growth of any particular coin

[Nskaolimpiyskiy]

Stablecoins will be only ones in big demand for everyday transactions. BTC will be like the storage of value and would not be trasfered very frequently. It is high time now to buy some stable coins that are making an ICO now and are backed with the shares , like LibreCash or probably Heaven, because it is only the way to get some kind of profit due to the users base growth of any particular coin

Only tether may be used as I has already gained the mass adoption. LibreCash, Heaven..Whats the hell are u talking about? Coins that unfamiliar to the whole crypto community can not be used a lot!

[zajtsewatan]

Stablecoins will be only ones in big demand for everyday transactions. BTC will be like the storage of value and would not be trasfered very frequently. It is high time now to buy some stable coins that are making an ICO now and are backed with the shares , like LibreCash or probably Heaven, because it is only the way to get some kind of profit due to the users base growth of any particular coin

Only tether may be used as I has already gained the mass adoption. LibreCash, Heaven..Whats the hell are u talking about? Coins that unfamiliar to the whole crypto community can not be used a lot!

No matter which coin will gain the rel usecase, i mean that it will happen anyway and only stable coins will be used as a way of payment, not btc. BTC is jusr the digital gold and ppl will just store it, no pay with it

[pey]

It doesn't matter how much secure or trustless a stable coin is, bitcoin will be always first coin in pair trading. There is no coin that is a threat for bitcoin now.