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Author Topic: Stablecoin Halving  (Read 253 times)
Febo
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August 21, 2020, 06:47:11 PM
 #21

Stable coin is fiat currency.
wrong. a stable coin is not fiat currency, it is still another altcoin that has a more stable price compared to other altcoins.


Wrong? Really?    So what will happen if right now Powell print 1000000000 trillion USD?   Will tether lose value against Bitcoin or not? Or will follow Bitcoin just like all other alt coins.  

Stable coins are digital asset that represent fiat currencies. The point of them to exist is so people dont need to declare profits to their tax office when exiting Bitcoin. They buy stable coin. It exposes them to fiat. When they decide to buy Bitcoin back they just do it. If they would ignore stable coin and bought USD with bitcoin they would need to pay tax.
Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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daneal stev
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August 23, 2020, 05:06:39 PM
 #22

Frankly, I have been thinking about this for several months and I searched for this matter and was able to get a result that there is no half for the stable currencies, as it has a stable price, and there will be no benefit to this price as it will remain the same. Unlike other currencies such as Bitcoin or Ethereum, where the half plays a major role in improving the prices of these currencies because they are unstable currencies and have different prices and witness large fluctuations in one day.
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