Stablecoins are the new money, is this true?

[cvan]

A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh

[Sinone]

What does mean by the stable coins? The USDT market or the coins backed by the team? I don't think stable coins are the real money. You may trade with USDT, USDC pair to secure your profit, this is a good way to make and stable your money. But I would love to trade with Bitcoin and Ethereum pairing because anytime it can give you a higher profit than USDT market.

[cyramji]

All these things start after JPM coin , I think It gonna be a great way to add liquidity to exchanges. But we all wodered how easy to ask for the money of someone , Just create aa stable coin and give a name of JPM

[mindrust]

Stable coins aren't a good idea. They are centralized and if we learnt anything about centralized projects, sooner or later they always end up as a scam.

It is practical to use those coins from time to time especially when you are moving between the exchanges but I wouldn't keep my life savings in those coins.

[casperBGD]

it will be maybe true in the future, but for now it is not, and there will be some time to become true

[khufuking]

Stable coins are just a way to store value and that is exactly how people using them, we rarely see any use case of this stable coins outside the exchanges where people use them to store the value and maintain there $$ in times of big dumbs or in times of uncertainty etc.... Stable coins are far from being a form of new money.

[mrdeposit]

A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh

In my opinion stablecoins are not very different from today's money, only digital model. Unlike, there may be deficiencies because paper money is protected and defended by powerful governments, but stabilcoins can deceive everybody every moment. Anyway, they may be future, if they will created by governments.

[bananaunana]

It makes no sense to have so many stablecoins all over the place, everyone tries to launch them now. And most stablecoins are really not sure to be completely backed so better get rid of them as fast as possible and buy true crypto.

[avikz]

A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh

I won't really contradict with his thought because I believe the same is going to happen. However, those will be issued by governments only. As of now we have quite a few stablecoins in the market like USDT or True USD etc. None of these coins are issued by an authorized agency so that it can be used as a replacement of fiat.

However, the way economy is moving, soon we will see government agencies will be issuing digital currencies instead of paper money. In that essence, George is correct! But existing crypto stablecoins are not the future, rather just a glimpse of it!

[awilliams]

I think that non-collateralized like ampleforth will stick around more than those pegged to fiat currency imo

[bartolo]

I disagree. First, we don't know how many of these stablecoins are really backed by fiat money and not by promises. Second, these coins are, in any case, backed by companies or corporations, what happens if these companies disappear?

[irixo10]

A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh

A lot of stablecoin was created in 2018. But stablecoin is not the new cryptocurrency, it existed long ago, like USDT

[shinratensei_]

A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh

That's not. The coin can get stable value when it was backed by any commodity or fiat money that can keep its value. Most of these coins are using fiat money and that should be a correct statement to call that the new digital money because that was not having many differences with fiat money.

[RobotNIK]

Such coins should be popular for states, because they can certainly replace fiat money!

[kindbtc]

Yes that statement can be partially correct because stablecoins are more like the blockchain version of fiat but the real cryptocurrencies are more worth it because they fully represent the decentralised blockchain tech and i think they are the real asset backed currencies.

[cambda]

Stable coins aren't a smart thought. They are brought together and in the event that we got the hang of anything about unified undertakings at some point or another they generally end up as a trick. It is commonsense to utilize those coins every now and then particularly when you are moving between the trades yet I wouldn't keep my life reserve funds in those coins.

[leavolnhals]

A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.

Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money


Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh

Samman ended his report by saying: "Our current monetary system has led to a degree of global price instability and inflation and electronic money that can bring about a recovery from what's in a long time less than ideal status. developing blockchain and e-money fields to address this challenge. "
This is the sentence I want to hear the most from you. But there is a big challenge that the business team has enough credibility for people to believe it is a real stablecoins?
Tether was also condemned for suspected fraud. In a decentralized market it is very insecure and we need more time to solve this problem.

[chanc3r]

Yes that statement can be partially correct because stablecoins are more like the blockchain version of fiat but the real cryptocurrencies are more worth it because they fully represent the decentralised blockchain tech and i think they are the real asset backed currencies.

The point of stablecoin is to keep the wealth meanwhile it can be used as an ordinary money aswell but to be honest if the blockchain was not yet to reach the point where it could overcome all the massive tx requests dont expect too much these stablecoin to be the new money.

[Imoote]

For the investment in the ico project I really like that I just lack the capital to do it, especially since last year many ico projects failed, and that's why I began to lack more trust in the ico project to invest in it.

[gregall]

Stable coins aren't a smart thought. They are brought together and in the event that we got the hang of anything about unified undertakings at some point or another they generally end up as a trick. It is commonsense to utilize those coins every now and then particularly when you are moving between the trades yet I wouldn't keep my life reserve funds in those coins.

I can see where you are coming from in terms of a storage of value. That's why out of all these 'stablecoins' that were expressed Ampleforth makes the most sense because it can both store wealth AND be used as a unit of account. Have you read their whitepaper? They aren't even calling themselves a stablecoin