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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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LTU_btc
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Slava Ukraini!
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March 18, 2018, 11:49:50 PM |
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Never used any of these stable-coins. When I need stable coin, I use USD. I'm trying to stay away from USDT. After reading a lot about it, I can't trust them and I'm really sceptical about it. Never heard about Havven? Which exchanges have it? I would like to see more information about, because I tried tosearch and didn't found anything.
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npredtorch
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Activity: 1246
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March 19, 2018, 12:31:57 AM |
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I'm not a fan of these fixed conversion rate coin/token like Tether. The same with LTU_btc, I always prefer my own local fiat currency if I want a "stable" status for my investments (PHP). Also, AFAIK there's no local exchanger for them that's why it could take a longer process for real life usage. (Ex. bitcoin -> Tether -> if I need php / instead of bitcoin -> php )
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maarx
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March 19, 2018, 04:12:12 AM |
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I'm not a fan of these fixed conversion rate coin/token like Tether. The same with LTU_btc, I always prefer my own local fiat currency if I want a "stable" status for my investments (PHP). Also, AFAIK there's no local exchanger for them that's why it could take a longer process for real life usage. (Ex. bitcoin -> Tether -> if I need php / instead of bitcoin -> php )
Nothing turns back with stable coins. Crypto's nature is pumps and dumps. There were the real profit is seen. If the crypto is stable, then i would prefer my own local fiats then a stable coin. And if all crypto coins are going to have a stable value, I don't think everyday we would have a new ICOs coming in and more investors falling in crypto market. So fluctuation in price is the main source of crypto's growth.
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mrcash02
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March 19, 2018, 04:25:36 AM Last edit: March 19, 2018, 05:49:23 PM by mrcash02 |
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I had some interest for Tether, but I have seen some negative speculation about that, so I didn't look for that anymore. The nearest Crypto-Currency to stability that I reach now is DogeCoin. Not so stable, but at least well known already to know it's not a farse and that there isn't anything behind it.
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imstillthebest
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March 19, 2018, 07:38:51 AM |
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theres no such thing as stable coins when were talking about cryptocurrency because every single crypto is intedly made to be a volatile coin. we dont need stability because we cant just posibly earn a profit if all of the coins became stable. you should better convert your coins to usd or any local currency in order to avoid the dangers of being a volatile. usdt is also good alternative in order to secure your profits from constant fluctuations.
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buwaytress
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March 19, 2018, 09:32:29 AM |
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Won't be the first crypto/token to attempt a pegged currency. Tether's dominance might have showed the way to all these projects but its spectacular failings should also present a strong case for saying that they simply don't work and cannot be sustainable.
Volatility is probably something that can't be avoided with something so new. It will take many, many years for bitcoin to mature as a "store of value" - this volatility will always be there for as long as the majority of bitcoin and crypto users continue to see it first as an investment asset and as a speculatory trading commodity. The same patterns can always be seen with new currencies. I myself was very familiar with using one of the world's newest fiat in the South Sudanese pound. It was enforced as a means of payment but ultimately fell victim to trading speculation, with people still preferring to use other currencies, even preferring bartering to paying/receiving it.
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nniecan001
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March 19, 2018, 01:14:24 PM |
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Changes value every minute is the only constant in crypto currencies, well my best token right now is Ethereum, it's very useful as a gas in my wallet.
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JoshuaBlack1
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March 19, 2018, 01:51:55 PM |
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I'm not really sure there is a stable coin I fully trust at the moment. There are a couple that I believe are relatively promising but its the issue with scaling that doesn't seem to be any closer to being solved. The liquidity needed to be a secure stable coin that could potentially support the market will be absolutely huge!
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RamonBTC
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March 19, 2018, 02:16:35 PM Last edit: March 19, 2018, 02:42:44 PM by RamonBTC |
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Coins like Bitcoin and Ethereum and highly volatile. That’s true, but is it disadvantage for an investors. Nope, volatility is one of the assets of bitcoin and ethereum. Buying on dip and selling on a higher price within the week will give you more profit than an stable market price that would last for a month or two. It is risky, but the higher the risk also means higher the profit.
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bering
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March 19, 2018, 03:09:49 PM |
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people do trading with crypto and also people usually want to get profit from buy the particular coins such as bitcoin or ETH and some of them are very liked volatility because they able to buy at the lower price and sell at the high price and unfortunately volatility always be a part of cryptocurrencies so i'm not really sure people will liked stable coin
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marlboroza
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March 19, 2018, 05:17:40 PM |
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Never used any of these stable-coins. When I need stable coin, I use USD. ~
Exactly. Besides, who need stable coins when you can make profit out of unstable coins I had some interest for Tether, but I have seen some negative speculation about that, so I didn't look for that anymore. The nearest Crypto-Currency to stability that I reach now is DogeCoin. Not so stable, but at least well know already to know it's not a farse and that there isn't anything behind it.
I wouldn't call this nearest to stable.
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yanlap
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March 19, 2018, 07:16:52 PM |
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people do trading with crypto and also people usually want to get profit from buy the particular coins such as bitcoin or ETH and some of them are very liked volatility because they able to buy at the lower price and sell at the high price and unfortunately volatility always be a part of cryptocurrencies so i'm not really sure people will liked stable coin
This is the exactly same point which hit my mind because we all are here for earning and learning new features of the crypto currency and we really do not want the market to get stable. The stable market is already available in the form of Dollars, Pounds, and Euros etc with bare minimum fluctuations but we have opted for the crypto so that with more fluctuations we can get the chance to earn more in the market with lower level of risks.
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singlecrytpo
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March 19, 2018, 09:42:47 PM |
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I really think havven is the best out of all of them. The Havven platform uses two tokens to achieve stability. The havven token provides the collateral for the platform. Nomin tokens (stablecoin) are issued against the value of the collateral token. This dual token approach incentivizes users to hold havven tokens because network transaction fees are paid to havven holders. As more people use nomins for everyday transactions, the value of havven tokens will increase due to the higher fees generated. I recommend everyone to read into this because it really is very interesting. https://havven.io/This system is way better than trusting what tether is doing with them being so centralized.
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passwordnow
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March 19, 2018, 09:56:08 PM |
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It's funny to see that someone is able to pay an article writer just to advertise these coins for his own benefit. I'm not familiar with these "stable coins" but only tether. It can be stable for now but time will come that this can be one of the most frustrating coin or it can be one of the best. We all know that crypto coins are volatile.
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bingble
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Activity: 111
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March 20, 2018, 03:25:51 AM |
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Never used any of these stable-coins. When I need stable coin, I use USD. I'm trying to stay away from USDT. After reading a lot about it, I can't trust them and I'm really sceptical about it. Never heard about Havven? Which exchanges have it? I would like to see more information about, because I tried tosearch and didn't found anything. Can not agree more. The most stable-coin is USD. If you consider the so called "stable", why do you think about investing crypto coins? You should keep your USD.
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Bitinity
Legendary
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Activity: 3066
Merit: 1312
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March 20, 2018, 05:20:50 AM |
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Never used any of these stable-coins. When I need stable coin, I use USD. I'm trying to stay away from USDT. After reading a lot about it, I can't trust them and I'm really sceptical about it. Never heard about Havven? Which exchanges have it? I would like to see more information about, because I tried tosearch and didn't found anything. Can not agree more. The most stable-coin is USD. If you consider the so called "stable", why do you think about investing crypto coins? You should keep your USD. USD is not even a coin, is it? It is a real fiat money, cant be called as a coin although most big exchanges let the users to trade USD-Crypto Coins. I also wondering what is the point of using stable coins like what OP talking about? When we are talking about investing/trading then stable coins = zero profit. I think stable coin is useless at the moment.
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BillCoin
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March 20, 2018, 05:52:28 AM |
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There used to be one and only stable coin until the end of 2015, it was litecoin who stabilized at around 4$, it never went down or up more then 10% and was under huge manipulations, now-days, beside Tether which is being backed by the US dollar, I don't think there isn any stable cryptocurrency. More then that, Tether is not too stable as bitfinex is under investigation to check if they really own the funds to back the tether, if they are found to like about their USD reserve, then tether will be worth nothing as it won't be backed up by anything.
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Saveplus
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March 20, 2018, 06:03:46 AM |
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We cannot say that there is a stable coin.In cryptocurrency we have no assurance in any coins unless they had a good stabilization and good developement in the market.We all know that they are flactuating and still volatile any moment they can be gone because nothing is permanent in this world.
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eann014
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March 20, 2018, 06:16:22 AM |
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I still want bitcoin and that will still my favorite among all coins out there. Yes there are a lot of good coins but if its not on bitcoin, there is no other altcoins. Bitcoin is still the legend.
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