michellee
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October 13, 2018, 05:04:30 AM |
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Why do we need so many stable coins in the market? Currently we have Tether, TrueUSD, GUSD, Dai, Binance was going to create its own stable coin. But what if it turns out that one of the stable coins has no value? Then the other stable coins will replace the position, so we still have another chance to use in the double life. Don't forget that now USDC is available in the poloniex and they claim that this coin is one of the stable coins too. So we need more option for the stable coins, and I think if this can be used for the real life and online life, then we don't have a problem to pay with the cryptocurrency.
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TastyChillySauce00
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October 13, 2018, 05:25:49 AM |
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Why do we need so many stable coins in the market? Currently we have Tether, TrueUSD, GUSD, Dai, Binance was going to create its own stable coin. But what if it turns out that one of the stable coins has no value? That's impossible because every stablecoin provider or creator will always giving back up equal to the total supply so that the coin can be bought back anytime with enough resource. They are taking the profit from the fee generated in every transaction. If the stablecoin turns out to be zero, that means the company is scamming.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Asimmo
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October 23, 2018, 01:01:15 PM |
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For sure, it is.. Bitbay, bitCNY/bitUSD and such projects will have it`s say, when the demand will get higher for stablecoins..
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CP_Processor (OP)
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October 26, 2018, 09:12:54 AM |
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CP_Processor (OP)
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October 31, 2018, 01:15:38 PM Last edit: October 31, 2018, 02:14:42 PM by CP_Processor |
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In the effort to further raise awareness on stablecoins in general, we decided to make the first standardized stablecoins questionnaire. Before standards can be established, we need to get feedback from everyone in the community. It is essential that we all work together to create these standards. That is why we have created this survey with proposed questions that any stablecoin will have to answer before calling itself a proper stablecoin. We expect you to tell us which questions you would exclude from this questionnaire and to add those that are missing. Here is a link to the survey - https://docs.google.com/forms/d/e/1FAIpQLSdmpAXOOOkNS94BJ18fneTAgtMnVpzG2XXnqr1ttRwrxLj2Cw/viewform?usp=sf_linkThank you for your cooperation!
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CP_Processor (OP)
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November 28, 2018, 09:51:57 AM |
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Dear community, our abstract Evolution of money - Stablecoins is up for voting on FINTECH BOOK website! Please support our idea and #stablecoins and help us get published in the next @PayTECHBook ! Login to their website and vote for us! Thank you! http://app.thefintechbook.com/thepaytechbookThis is a huge opportunity, not only for CP Processor, but for stablecoins in general. We have a chance to promote this idea in one of the most influential books in the financial ecosystem. Help us raise awareness on stablecoins - the future of blockchain payments!
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tamango
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November 28, 2018, 10:03:39 AM |
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I think that stablecoins are essential to make crypto be used for everyday payments but this stablecoin have to be really pegged and certified be a trusted third part
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CP_Processor (OP)
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November 28, 2018, 01:10:24 PM |
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I think that stablecoins are essential to make crypto be used for everyday payments but this stablecoin have to be really pegged and certified be a trusted third part
Absolutely agree!
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biznes35
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November 29, 2018, 11:07:40 AM |
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Think need their in the future there. If the Fiat money will disappear and will not need to somehow fix the profit that makes sense in these coins will not.
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CP_Processor (OP)
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November 30, 2018, 10:07:45 AM |
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Think need their in the future there. If the Fiat money will disappear and will not need to somehow fix the profit that makes sense in these coins will not.
It doesn't seem plausible that fiat money will disappear any time soon. Stablecoins are meant to ease up the mass adoption of crypto, and not to eradicate fiat money completely. Just to enable quicker transactions and payments throughout the world, because cryptocurrencies such as bitcoin and ether cannot fulfill that need because of their extreme price volatility
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minttop
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November 30, 2018, 10:13:58 AM |
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They are needed to fix your profit. just imagine BTC will go to 20 k again and what will you do next? I would fix profit in usdt and then wait for correction.
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ellensmith025
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November 30, 2018, 10:30:36 AM |
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A very necessary thing on crypto-countertops. Because many exchanges do not have support for fiat money, because stable coins are an excellent solution for storing funds on the exchange. You never know when there will be another drawdown in the market. The problem in this question is only one, that the issue of coin staples has become a hype, therefore the probability of a scam may increase.
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CP_Processor (OP)
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November 30, 2018, 01:00:33 PM |
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They are needed to fix your profit. just imagine BTC will go to 20 k again and what will you do next? I would fix profit in usdt and then wait for correction.
You wouldn't choose some of the more reliable, regulated stablecoins?
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CP_Processor (OP)
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November 30, 2018, 01:01:53 PM |
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A very necessary thing on crypto-countertops. Because many exchanges do not have support for fiat money, because stable coins are an excellent solution for storing funds on the exchange. You never know when there will be another drawdown in the market. The problem in this question is only one, that the issue of coin staples has become a hype, therefore the probability of a scam may increase.
You are right, that is why there is an urgency to create stablecoin standards that would contribute to a healty and trustworthy ecosystem
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MetalEngine
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November 30, 2018, 01:04:18 PM |
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Probably, we need them now, but we will not need stablecoins in the future because increasing volumes will decrease the volatility. Crypto will be as volatile as present fiat.
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Erzinnum
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November 30, 2018, 01:12:42 PM |
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Probably, we need them now, but we will not need stablecoins in the future because increasing volumes will decrease the volatility. Crypto will be as volatile as present fiat.
I cant imagine that in the near future the volatility will decrease drastically. We will need some stablecoins. However, those who take payments can just take risks and accept crypto by the current quotation
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