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Author Topic: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN]  (Read 1834 times)
CP_Processor (OP)
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May 10, 2018, 12:01:21 PM
 #101

DO YOU STILL BELIEVE IN TETHER?

WHAT IS SUSPICIOUS ABOUT TETHER?

2. CEO Of Tether is the CEO of BITFINEX!  Shocked
Tether tokens are issued by Tether Limited, a company based in the British Virgin Islands according to the New York Times. Tether’s website says it is incorporated in Hong Kong, with offices in the US.
The company has many of the same management team as Bitfinex, the Hong Kong-based cryptocurrency exchange that is one of the biggest in the world. Jan Ludovicus van der Velde is CEO of both Bitfinex and Tether, and Philip Potter is chief strategy officer for both businesses, for example.
The most interesting thing is that the Bitfinex exchange, which, incidentally, controls the work of the company Tether Ltd, after the termination of cooperation with banks has incorporated and introduced the use of USDT, and managed to impose the dominance of USDT as the only stable coin for all other crypto exchanges.
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May 10, 2018, 01:15:22 PM
 #102

DO YOU STILL BELIEVE IN TETHER?  Huh

WHAT IS SUSPICIOUS ABOUT TETHER?

3. NON-AUDITED  Angry
Prompted by a subpoena from US regulators in December 2017, Tether reacquired the services of Friedmann LLP to conduct an audit on it’s US dollar reserves. However, a month later, news broke that the Tether had parted ways with their auditors, meaning no audit results were ever disclosed.
That caused alarm and woke up the critics.

American accountant and auditor Abhishek Shah said that Bitfinex, the largest cryptocurrency exchange in the world, could well have the necessary reserves to back up Tether. Nevertheless, Shah believes pressure from the community is the only thing that will lead to a transparent audit:
“The Crypto community should come together and demand a complete independent audit of Tether.”
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May 10, 2018, 02:06:14 PM
 #103

DO YOU STILL BELIEVE IN TETHER? Huh

WHAT IS SUSPICIOUS ABOUT TETHER?


4. MANIPULATION OF BTC PRICE Embarrassed
Controversy has swelled around Tether, whose chief executive officer Jan Ludovicus van der Velde is also the CEO of Bitfinex, after volatility and rumors of Bitcoin price manipulation surfaced late last year. One persistent online critic, going by the screen name Bitfinex’ed, has written several very detailed essays on Medium arguing that Bitfinex appears to be creating Tether coins out of thin air and then using them to buy Bitcoin and push the price up.
More controversial claims have been found over social media in the past days, and one in particular stating that “130 Million USDT were just printed.
https://www.omniexplorer.info/address/1NTMakcgVwQpMdGxRQnFKyb3G1FAJysSfz” was pretty alarming.
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May 11, 2018, 08:13:08 AM
 #104

DO YOU STILL BELIEVE IN TETHER? Huh

5. WHAT THAT MEANS FOR THE MARKET?
If there is a problem with Tether, it could have wider knock-on effects for the cryptocurrency market as a whole due to its central role in many exchanges.
“The issue is that the volumes against Tether have been growing lately,” Greenspan said. “They’ve been above 10% of total volumes on bitcoin for a few weeks already.
“If there aren’t sufficient reserves in US dollars, then the price of Tether should not then be pegged to the US dollar and it’ll just be decided by the market.”
The fear is that a collapse in the price of Tether could also bring about a collapse in the price of bitcoin and other crypto assets that people have been trading with USDT.
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May 11, 2018, 10:30:51 AM
Last edit: May 11, 2018, 11:45:29 AM by CP_Processor
 #105

Which of these stablecoins will most likely be used for crypto payments?!



We would love to hear your opinion on this matter, so leave your comment below, or simply vote! Smiley
https://twitter.com/CP_Processor/status/994902629665910784
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May 14, 2018, 11:27:28 AM
 #106

WHICH STABLECOIN WILL MOST LIKELY BE USED IN THE FUTURE OF CRYPTO PAYMENTS?

Our recent poll showed that majority of you believes that the future of crypto payments lies in stablecoins.
But which one will be the “winner”? Which one do you trust the most?
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May 14, 2018, 01:00:56 PM
 #107

WHICH STABLECOIN WILL MOST LIKELY BE USED IN THE FUTURE OF CRYPTO PAYMENTS?

For those of you who still don’t know, “Stablecoins,” as they are called by the greater blockchain community, are digital tokens (much like Bitcoin and Litecoin) that are intended to provide measurable stability and security.

These coins are “designed to be used as a unit of account and even as a store of value.”
The outstanding problem, however, is that no team has been able to develop a universally accepted stablecoin that does not compromise features of security or decentralization.
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May 15, 2018, 09:16:41 AM
 #108

MakerDao is currently in the lead, but it is neck and neck with Havven... Who will be the winner? Only 2 hours left to vote  Grin
https://twitter.com/CP_Processor/status/994902629665910784

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May 16, 2018, 10:22:30 AM
 #109

Our recent poll showed that 45% of you believes that MakerDao& Dai has the most promising Stablecoin and that it will be most likely the future of crypto payment.



We think that stable token DAI in practice has the role of ETH LONG leverage and in other words serves as some kind of ETH CALL Option.

What do you think?
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May 21, 2018, 10:43:34 AM
 #110

Comprehensive overview of STABLECOINS — PART 1.

For those of you who still don’t know, “Stablecoins” as they are called by the greater blockchain community, are crypto coins that are intended to provide measurable stability in a price change. These crypto coins are “designed to be used as a unit of account and even as a store of value.” Typically, most stablecoins are pegged against the USD, but some implementations intend to move over to a basket of currencies or an index such as the CPI (consumer price index) in time. This is in hopes of having a currency independent of fiat in the near future.

There are three categories of approaches to developing a price-stable cryptocurrency:
1. fiat-collateralized
2. crypto-collateralized
3. non-collateralized (essentially an independent, non-collateralized currency maintained by an “algoritham”)


Read the whole article at https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-46d9220ca862
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May 23, 2018, 11:07:12 AM
 #111

Comprehensive overview of STABLECOINS — PART 2
FIAT COLLATERALIZED STABLECOINS
**Fiat collateral for creating a token represents reserves held by a central entity.**
How it works: The mechanics for implementation are fairly straight-forward. A third party takes deposits in US Dollars (or another desirable fiat currency) and issues a unit of stablecoin for every dollar deposited. To cash out a unit of stablecoin, the third party wires US Dollar to the holder and burns a unit of the stablecoin.
Pros:
* Easy to conceptualize
* Value will match USD with certainty if properly implemented (digitized dollars without capital controls)
Cons:
* Must trust third-party to hold fiat collateral
* Need additional third-party for audit to make sure appropriate collateral is being held and units of stablecoin match deposits
* Expensive and slow to audit
Projects with this structure:
1.Tether,
2.TrueUSD,
3.DigixDAO,
4.Globcoin,
5.AAA reserve,
6.Stably,
7.X8 currency

Read the full article at - https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-part-2-7ebf0c36eb32
Halono
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May 23, 2018, 03:50:07 PM
 #112


Looks interesting! I think this will be one of the most promising projects but need to know more a bit. Waiting for more information and if there's a bounty program
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May 24, 2018, 08:21:36 AM
 #113


Looks interesting! I think this will be one of the most promising projects but need to know more a bit. Waiting for more information and if there's a bounty program
Thanks! We appreciate your support! When we announce the official release of our stable tokens, we will most definitely have a bounty program Smiley
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May 24, 2018, 08:29:43 AM
 #114

This project is quite good. It will be positive in the future
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May 24, 2018, 01:03:48 PM
 #115

This project is quite good. It will be positive in the future

Thanks! We really appreciate you feedback Grin
Although, crypto community is still not informed enough about stablecoins, we believe that will change soon, because they represent the future of crypto payments Wink
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May 28, 2018, 12:29:50 PM
 #116

Final results of our poll are in! 70% of you believes that stablecoins are needed for the future of crypto payments!  Shocked
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May 29, 2018, 02:45:28 PM
 #117

We believe it is of great importance to inform our community on the value of stablecoins!
Therefore, we have a new poll on our Twitter page https://twitter.com/CP_Processor/status/1001470165266173952



Your opinion matters! So like, share, comment and vote for your favourite type of stablecoins!
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June 01, 2018, 02:59:45 PM
 #118

COMPREHENSIVE OVERVIEW OF STABLECOINS - PART 3!
CRYPTO COLLATERALIZED STABLECOINS

https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-part-3-f49597b30dde
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June 06, 2018, 12:44:29 PM
 #119

COMPREHENSIVE OVERVIEW OF STABLECOINS - PART 4!
NON COLLATERALIZED STABLECOINS

Non collateralized stablecoins are price stable cryptocurrencies that aren’t backed by any collateral. It is the most complex, but potentially the most impactful for the ecosystem. To maintain the price level, a “central bank” is created that algorithmically maintains the supply of currency, increasing it when price goes up and decreasing it when price goes down.


Pros:
-Does not require collateral
-Theoretically risk-independent of other currencies (though if there is a general decline in cryptocurrencies as an asset class there would likely be a decline in demand for seigniorage shares)
Cons:
-Not as intuitive or easily explained as other structures
-Input of future expectations for seigniorage shares means that it cannot be known how resilient a coin is to downward pressure
-Require always increasing future demand


Projects that implement this method are:
1. Basecoin
2. Carbon
3. Kowala
4. Fragments
5. Minexcoin
6. CP Processor

READ THE FULL ARTICLE AT MEDIUM - https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-part-4-cf945e70828c
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June 12, 2018, 09:29:19 AM
 #120

Did you know that you can download price index widget for your website FOR FREE from our website https://coinpaymentprocessor.org/ ?! All the popular cryptocurrencies and their price change in real time! btc, eth, bch, xrp, ltc  Shocked
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