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quarkyplum
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February 27, 2019, 09:36:53 PM |
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As I can see almost traders and investors often don't wanna invest their money in any stable coin only when a big dump is coming. But I think stable coins have very high chance to be the first coins legalized and used as currency to trade for everything because of its price is always stable at $1.
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crenfrosck
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February 27, 2019, 11:13:34 PM |
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Stablecoins are backed by a particular asset. If that asset is USD which is backed by empty promises, your stablecoin is probably not that stable. On the other hand, coins which represent reserves of gold or other rare metals/assets which can not be literally printed out of nowhere might become a basis of a whole new economical system. Technologies have come so far that we can cut off the government which does not like this scenario (unsurprisingly). I reccomend putting some money into serious coins and watch central planners burn in their own game  . |
===================================================== BILLCRYPT - CREATING HISTORY===================================================== |
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ivaf
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February 28, 2019, 10:14:21 AM |
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Cryptocurrencies provide fast, cheap, and borderless payments, but historically, this has come at the high user cost of extreme volatility. Stablecoins solve this problem and one can imagine that they may eventually be the dominant form of money globally.
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rose9696
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https://streamies.io/
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February 28, 2019, 10:24:17 AM |
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Because the electronic money market is now affirmed as a separate financial market and has a lot of support from many investors in countries around the world.
so a volatile market needs some stablecoins to make the market more perfect. That is also the reason why stablecoins become more important.
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CarnagexD
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Leading Crypto Sports Betting & Casino Platform
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February 28, 2019, 11:19:06 AM |
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any stable coin can never be money, because of its legality in the world and it's the same as other coins, which only distinguishes price stability
There is no stable coins in the first place if ever there would be it will be going senseless thing since there is already fiat currencies. I guess what you guys preferring on " stable coins" is a less volatile coin wherein its price does not move drastically. Nothing's really stable here on this kind of industry just so happen that there are market statuses that volatility rate goes down. |
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L1240erion
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Permission-based advertising platform
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February 28, 2019, 08:02:45 PM |
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I would say non-collateralized stable coins are NEW money. Fiat backed is still fiat. I find what Maker and Ampleforth doing really interesting. Difficult to grasp for new users but I think with time and the proper education people will appreciate what they're trying to achieve.
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mv1986
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February 28, 2019, 09:04:32 PM |
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I would say non-collateralized stable coins are NEW money. Fiat backed is still fiat. I find what Maker and Ampleforth doing really interesting. Difficult to grasp for new users but I think with time and the proper education people will appreciate what they're trying to achieve.
The issue is to create a scheme that allows for decentralized backing in a way that you don't have centralized reservers. You need to back a coin with something, or otherwise it must be air. |
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@Hakermania@
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February 28, 2019, 09:04:43 PM |
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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-moneyAre any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh Interesting article, I believe that virtual money will be the future .. thanks to the blockchain it is possible that a virtual object is as real as a physical object ...imho physical money will soon be obsolete |
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keung0109
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Merit: 10
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February 28, 2019, 09:08:57 PM |
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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-moneyAre any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh Interesting article, I believe that virtual money will be the future .. thanks to the blockchain it is possible that a virtual object is as real as a physical object ...imho physical money will soon be obsolete I really do believe that virtual money will be the future too especially an algorithmic based coin like Ampleforth. Computers are just more accurate than humans, even more trusting. |
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MasterCATZ
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February 28, 2019, 10:37:26 PM |
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As I can see almost traders and investors often don't wanna invest their money in any stable coin only when a big dump is coming. But I think stable coins have very high chance to be the first coins legalized and used as currency to trade for everything because of its price is always stable at $1.
Paying attention to the latest news, now there is a new trend on stable coins, companies have good motives, they want to prevent big losses, Facebook creates stable coins, telegram will have a similar coin too, such giants understand responsibility and want to avoid risks. |
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Btc4Proxies
Member
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Activity: 164
Merit: 10
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February 28, 2019, 11:01:31 PM |
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I just read Ampleforth's whitepaper which might be the most interesting and easy to ready whitepaper. They did a good job making something so complex quite easy to comprehend.
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mv1986
Legendary
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Activity: 2058
Merit: 1166
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March 01, 2019, 01:00:55 PM |
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As I can see almost traders and investors often don't wanna invest their money in any stable coin only when a big dump is coming. But I think stable coins have very high chance to be the first coins legalized and used as currency to trade for everything because of its price is always stable at $1.
Paying attention to the latest news, now there is a new trend on stable coins, companies have good motives, they want to prevent big losses, Facebook creates stable coins, telegram will have a similar coin too, such giants understand responsibility and want to avoid risks. If the stable coins are backed by inflationary currencies or are tied to them, it is not that much of an improvement over the existing system. |
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makerst
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March 01, 2019, 01:09:01 PM |
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In general, you can probably say so, because the projects that today call themselves stable usually say that their tokens are provided with real money. Therefore, I think that in general it is probably possible. Especially if projects like USDT are still alive today.
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bonker
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March 01, 2019, 01:15:40 PM |
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I just read Ampleforth's whitepaper which might be the most interesting and easy to ready whitepaper. They did a good job making something so complex quite easy to comprehend.
It doesn't make the project to be worthy to invest.  There is no need to understand how the coin and blockchain will work if we want to use it so investor need to do those things and for stable coins there is no need of anything. |
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UserMatt1
Jr. Member
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Activity: 51
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March 01, 2019, 01:18:10 PM |
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I believe in a way stablecoins can be part of the future of crypto. Big corporations that need fast currency for payments and settlements, will prefer a stable asset, such as stablecoins whist also benefiting from the advantages of blockchain!
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tranthiky
Jr. Member
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Activity: 200
Merit: 1
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March 01, 2019, 01:59:50 PM |
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If you own 1 USDT, TUSD, PAX is equivalent to 1 USD. You can exchange stablecoin to fiat if you want to do this. I call it real money , but it is manipulated too much by tycoons so it can become garbage at any time.
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https://mobu.io/ |
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dulinivanrus
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March 01, 2019, 02:06:37 PM |
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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-moneyAre any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh There is no point in investing in stable coins. What is the point to buy a coin for $ 1 and then sell this same coin for $ 1. This is ridiculous and does not make any sense, but for example JPMORGAN plans to provide users of the Bank services. People who will be customers of the Bank will be given coins to their Deposit, but so far it's all in development and implementation. |
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Bot Asem
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Merit: 0
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March 01, 2019, 02:17:48 PM |
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To maintain the purchasing power of cryptocurrency, a stable coin is needed as a payment to avoid the price of payment coins such as Bitcoin and Ethereum dropping or the price is fluctuating.
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Coltpython
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March 01, 2019, 02:38:00 PM |
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Stable coins are the next big thing now. My fear is that it will give a lot of scammers new ideas and they will take advantage of it to rob unaware investors like the rise of ICOs and lending coins in 2017. Best to be careful.
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BitcoinTurk
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March 01, 2019, 03:20:51 PM |
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Although I thought they were beautiful in terms of vision, it was something I didn't like, stable cryptos. Whether they are serving outside of their objectives or not at a good level in terms of user confidence may be listed as valid reasons not to prefer them. Of course, these options, which will take shelter in short-term processes, especially in periods of decline, will probably have a much more effective place in our later life.
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