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brawdias (OP)
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May 16, 2018, 09:18:40 PM
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What's the point on this "crypto"? It has the value of a dollar, is not decentralized, has no inflation and it is owned by a major financial institution.

https://futurism.com/goldman-sachs-launched-new-cryptocurrency/amp/
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ityandsyn
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May 16, 2018, 09:38:45 PM
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Quote from: brawdias on May 16, 2018, 09:18:40 PM
What's the point on this "crypto"? It has the value of a dollar, is not decentralized, has no inflation and it is owned by a major financial institution.

https://futurism.com/goldman-sachs-launched-new-cryptocurrency/amp/

     So it seems no differences of debit card and very unlikely to a decentralized cryptocurrency which inflation is very often, if you are holding this coin ( usd coin) you are just like holding a fiat money deposited in the bank, I don't think this will hit the market since this is centralize coin.
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May 16, 2018, 09:43:36 PM
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Quote from: brawdias on May 16, 2018, 09:18:40 PM
What's the point on this "crypto"? It has the value of a dollar, is not decentralized, has no inflation and it is owned by a major financial institution.

https://futurism.com/goldman-sachs-launched-new-cryptocurrency/amp/
Decentralization wont really be fitted into this one and reading up on the link it clearly states or shows this Circle USD Coin. The new currency is basically a digital version of the dollar that you’ll be able to purchase by trading in, you know, real money. where this is just simply a fiat(dollar) which is on digital version. I dont know whats on their minds why they do call it as a cryptocurrency. lol
R


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