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Author Topic: Stable coins massive development and USA dollar  (Read 222 times)
panganib999
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January 07, 2020, 01:08:19 PM
 #21

There are solutions prepared for that. And if they haven't implemented it yet, just means that they lack the preparations for it and/or the world isn't ready for it. Most likely it is the former reason, but you never know. As for the USD based tethers, if a USD based crypto currency is made, they would just need to swap it over to that, but in the end their existence would honestly turn into nothing. It'd pretty much become over redundant if US made a USD crypto currency and at the same time tethers that are USD based retained its existence.

Also, the collapse of USD may be too early to say tbh. I mean, it has stood for a long time already, and I'd think another decade or so is needed to actually completely uproot it from the world.

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January 07, 2020, 01:34:34 PM
Last edit: January 07, 2020, 01:47:38 PM by Ucy
 #22

Crypto and stablecoin can actually exist side by side. Nothing is 100% reliable or too big to fail though. I'd rather diversify my funds than put everything in one basket.  
If fiat currencies collapse, true stablecoins will likely collapse too. So we'll move to reliable and stable alternatives. What could that be? Gold, natural resources, foods,? I'd go for things that are stable, healthy, legal, useful at anytime and difficult to control or monopolized. If markets are flooded with our preferred asset to affect its stability, I guess we could switch to something else or constantly modify it to make it more unique.



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January 07, 2020, 02:18:22 PM
 #23

what the circle consortium is doing with usdc etc. only pure business to counter usd tether version with a more transparent system. they fill in the blanks because the US is not active with stable coin plans like China. actually this is an advantage for the US government because they can at any time carry out the acquisition stage without having to research everything from the initial phase, I'm sure the fed has also been involved in it. conspiracy must also be seen in terms of strength for them, not just the opposite.

I wonder why the US is not publicly announcing their own project like stablecoins. only China is very proactive about it. I hope the US to join the game, but we don't know they are already involved in some projects that we don't know. China is very aggressive and even other countries, hope they have another game plan to counter this.

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January 07, 2020, 02:18:34 PM
 #24

You don't need to go any further than ZeroHedge. That's the ultimate source of all such bullshit

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January 07, 2020, 03:47:37 PM
 #25

There has never been an aim to destroy dollar, that wasn't the intention of bitcoin at all, that is why most of the time it is based on dollar and how much one bitcoin costs is pegged to dollar valuation.

This was again the banks and wall street in order to fight against them and how they are fighting the war on financial world, right now wealthy is trying to get even richer while they don't care about how many people hurt from it, we are literally in a world where BP could spoil oceans and pay a fine, wall street could get greedy and get bailed out and basically all the horrible things and just get away with it whereas a single human could be jailed for not paying their mortgage on time. So, bitcoin is against the system and not the currency the system is using.

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January 07, 2020, 05:20:42 PM
 #26

You don't need to go any further than ZeroHedge. That's the ultimate source of all such bullshit

Bullshit or not bullshit, doesn't matter. Media always does good and bad things as long as they can have huge traffics and everything about money.

At least, with the actual source we can have same basis to discuss about.

I can't understand how people make such strong statements.
Anyway, I don't believe USA will develop its own stable coin in couple years from now on.
However there is a chance that we'll see China developing its own digital stable coin soon
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January 07, 2020, 05:34:53 PM
Merited by deisik (1)
 #27

If they Plan to kill and drop the USA dollar then why they work with so many USA dollar based stable coins like usdc thether and pax....

How does it make any sense? 
They say that world Elite Plan is to destroy the USA dollar but the Same time all the big guys working on USA dollar token based stable coins?



Is that means the collapse and crash about USA dollar is hoax? 
So much bullshit, hearsay and conjecture  in one post - wow! WTF are "They"?! If you mean the unwashed masses, well then "they" have no clue about what the "Elite Plan" is, because they are too busy living in debt and building pyramids for the masters.  No one is planning to destroy USD, they cant, they wont, they love it whether they admit it or not, they cant live without it.
Crypto, as much as we all love it is a pimple on the worlds ass in terms of global influence, just another small vehicle for speculative revenue generation and somewhat clandestine value exchange, no more no less. It is allowed to exist precisely for that. The few of "us" on the fringes who are making money off crypto are not on anyone's radar because in the greater scope of things even our collective market value in terms of fiat is mousenuts, let alone the lack of real global power. So calm down, and carry on with your existence.

"From a small seed a mighty trunk may grow." -Aeschylus
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January 07, 2020, 09:57:58 PM
 #28

You don't need to go any further than ZeroHedge. That's the ultimate source of all such bullshit

Bullshit or not bullshit, doesn't matter. Media always does good and bad things as long as they can have huge traffics and everything about money

It is not about good or bad at all

With resources like ZeroHedge it is always about sensationalism. As per Wikipedia (no plagiarism intended), "events and topics in news stories are selected and worded to excite the greatest number of readers and viewers". Since most people are prone to overreacting, the stories like the impending collapse of the dollar system (aliens invasion, nuclear holocaust, global warming, whatever currently fits that purpose) are always finding their audience even if the events described should have happened long ago according to their sources

At least, with the actual source we can have same basis to discuss about

There's no basis for anything other than purely scientific interest in brainwashing, mind control, coercive persuasion, or whatever it is called these days

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January 07, 2020, 10:42:36 PM
 #29

You don't need to go any further than ZeroHedge. That's the ultimate source of all such bullshit

Bullshit or not bullshit, doesn't matter. Media always does good and bad things as long as they can have huge traffics and everything about money

It is not about good or bad at all

With resources like ZeroHedge it is always about sensationalism. As per Wikipedia (no plagiarism intended), "events and topics in news stories are selected and worded to excite the greatest number of readers and viewers". Since most people are prone to overreacting, the stories like the impending collapse of the dollar system (aliens invasion, nuclear holocaust, global warming, whatever currently fits that purpose) are always finding their audience even if the events described should have happened long ago according to their sources

At least, with the actual source we can have same basis to discuss about

There's no basis for anything other than purely scientific interest in brainwashing, mind control, coercive persuasion, or whatever it is called these days

Right, but in addition to purely scientific cant we have some mildly Machiavellian "enlightened self interest"?  Wink
IMO the trick to healthy living is not to get caught up in the bullshit, but be aware of it, since it clearly impacts people and economy, and ultimately make some money on the swing of tides  Tongue

"From a small seed a mighty trunk may grow." -Aeschylus
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January 07, 2020, 11:36:34 PM
 #30

If they Plan to kill and drop the USA dollar then why they work with so many USA dollar based stable coins like usdc thether and pax....
How does it make any sense?  
They say that world Elite Plan is to destroy the USA dollar but the Same time all the big guys working on USA dollar token based stable coins?
There is a difference between a company using the US dollar pegged to come up with a stable currency but the plan to destroy the global use of dollar is from countries like Russia and China and it is a political concept and how successful they can be is to be seen as it is not that easy to throw the dollar as a global currency when you are trading globally.
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January 07, 2020, 11:50:50 PM
 #31

With resources like ZeroHedge it is always about sensationalism. As per Wikipedia (no plagiarism intended), "events and topics in news stories are selected and worded to excite the greatest number of readers and viewers". Since most people are prone to overreacting, the stories like the impending collapse of the dollar system (aliens invasion, nuclear holocaust, global warming, whatever currently fits that purpose) are always finding their audience even if the events described should have happened long ago according to their sources

At least, with the actual source we can have same basis to discuss about

There's no basis for anything other than purely scientific interest in brainwashing, mind control, coercive persuasion, or whatever it is called these days

Right, but in addition to purely scientific cant we have some mildly Machiavellian "enlightened self interest"?  Wink
IMO the trick to healthy living is not to get caught up in the bullshit, but be aware of it, since it clearly impacts people and economy, and ultimately make some money on the swing of tides

It is easier said than done

You begin to separate the wheat from the chaff after you learn it the hard way, in most cases. It is difficult not to fall victim to this kind of propaganda as it is aimed at your emotional side (as any such stuff), i.e. something which you feel as true and thus heavily forced to consider true from deep within even if you are fully aware that it is not. Try reading this stuff, and you instantly get caught up in this kind of thing. As they say, it ain't what you don't know that gets you into trouble as it's what you know for sure that just ain't so (read, what they put into your head)

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January 07, 2020, 11:57:41 PM
 #32

With resources like ZeroHedge it is always about sensationalism. As per Wikipedia (no plagiarism intended), "events and topics in news stories are selected and worded to excite the greatest number of readers and viewers". Since most people are prone to overreacting, the stories like the impending collapse of the dollar system (aliens invasion, nuclear holocaust, global warming, whatever currently fits that purpose) are always finding their audience even if the events described should have happened long ago according to their sources

At least, with the actual source we can have same basis to discuss about

There's no basis for anything other than purely scientific interest in brainwashing, mind control, coercive persuasion, or whatever it is called these days

Right, but in addition to purely scientific cant we have some mildly Machiavellian "enlightened self interest"?  Wink
IMO the trick to healthy living is not to get caught up in the bullshit, but be aware of it, since it clearly impacts people and economy, and ultimately make some money on the swing of tides

It is easier said than done

You begin to separate the wheat from the chaff after you learn it the hard way, in most cases. It is difficult not to fall victim to this kind of propaganda as it is aimed at your emotional side (as any such stuff), i.e. something which you feel as true and thus heavily forced to consider true from deep within even if you are fully aware that it is not. Try reading this stuff, and you instantly get caught up in this kind of thing. As they say, it ain't what you don't know that gets you into trouble as it's what you know for sure that just ain't so
Helps being born in another time and another place rife with propaganda and failed ideologies, and growing up on real-life horror stories of repressions and wars past. Nothing like watching a totalitarian empire fall apart before your eyes to make you numb to rhetoric and manipulation, while still being aware of it. Then spending a lifetime working with Psychological Marketing models and voila  Roll Eyes

"From a small seed a mighty trunk may grow." -Aeschylus
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January 08, 2020, 02:05:40 AM
 #33

If they Plan to kill and drop the USA dollar then why they work with so many USA dollar based stable coins like usdc thether and pax....

How does it make any sense? 
They say that world Elite Plan is to destroy the USA dollar but the Same time all the big guys working on USA dollar token based stable coins?

Is that means the collapse and crash about USA dollar is hoax? 

Is there a good connection between the rise of dollar-based stablecoins to the future of the USA Dollar which you said many are working to be destroyed? I don't think there is really that connection. When we say that many are wishing and even planning towards the end of the international influence of the mighty USA Dollar, we are talking here of big countries like China, Russia and yes maybe even Germany and the Eurozone and it is because these countries also have ambitions to be the dominant players in the international and global economy. The rise of the stablecoins are not supported by these countries so there is really no connection at all.
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January 08, 2020, 02:39:15 AM
 #34

If they Plan to kill and drop the USA dollar then why they work with so many USA dollar based stable coins like usdc thether and pax....

How does it make any sense? 
They say that world Elite Plan is to destroy the USA dollar but the Same time all the big guys working on USA dollar token based stable coins?

Is that means the collapse and crash about USA dollar is hoax? 
I don't think there is any truth as to this claim where some elite group are trying to kill or collapse the US Dollar as you put it. the US dollar is one of the major currencies in the world backed by a powerful economical country so how does these so called Elite group plan to kill the US Dollar when this same US has one of the best security and information systems in the world. I don't think there is any iota of truth in that.

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January 08, 2020, 03:12:32 AM
 #35

I think the main purpose of making stable coins is not to kill the dollar. Stable coins are made to secure assets from cryptocurrency that has high volatility. so that with a stable coin we can store our money safely without worrying about price fluctuations. and if we want to buy more crypto then we can exchange stable coins for the crypto we want. and maybe indeed in the future cryptocurrency can reduce dollar dominance.

 
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January 14, 2020, 05:28:59 AM
 #36

I don't know how true is it but it seems you are assuming that this same "elite" that's planning to crash the dollar is the same group that developed these dollar-tied coins. If it was the same people maybe they were using it to siphon money or some other laundering shenanigans. Then they can just exchange these coins for other crypto like BTC before they "intend" to crash USD.
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January 14, 2020, 12:37:33 PM
 #37

I only wish governments made their own stablecoins, that would mean that they actually care about crypto a bit more and they don't want their public to be scammed by places like Tether. However, I doubt it will become a reality, not now at least and thats why I think no decent government will make their own stablecurrency, maybe some small nations in debt may do it like how Venezuela tried their Petro for example but I don't think we will see USA government do stablecoin or UK or any major EU country neither.

Still, if they ever decide to do something like that we shouldn't just be against it, we should support it so that we would have something decent that won't be a scam in the end, sure it is governments and they want something obviously out of that but at least they won't scam us.

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