Topic: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] - page 3. (Read 1888 times)
Looks interesting! I think this will be one of the most promising projects but need to know more a bit. Waiting for more information and if there's a bounty program
Comprehensive overview of STABLECOINS — PART 2
FIAT COLLATERALIZED STABLECOINS
**Fiat collateral for creating a token represents reserves held by a central entity.**
How it works: The mechanics for implementation are fairly straight-forward. A third party takes deposits in US Dollars (or another desirable fiat currency) and issues a unit of stablecoin for every dollar deposited. To cash out a unit of stablecoin, the third party wires US Dollar to the holder and burns a unit of the stablecoin.
Pros:
* Easy to conceptualize
* Value will match USD with certainty if properly implemented (digitized dollars without capital controls)
Cons:
* Must trust third-party to hold fiat collateral
* Need additional third-party for audit to make sure appropriate collateral is being held and units of stablecoin match deposits
* Expensive and slow to audit
Projects with this structure:
1.Tether,
2.TrueUSD,
3.DigixDAO,
4.Globcoin,
5.AAA reserve,
6.Stably,
7.X8 currency
Read the full article at - https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-part-2-7ebf0c36eb32
FIAT COLLATERALIZED STABLECOINS
**Fiat collateral for creating a token represents reserves held by a central entity.**
How it works: The mechanics for implementation are fairly straight-forward. A third party takes deposits in US Dollars (or another desirable fiat currency) and issues a unit of stablecoin for every dollar deposited. To cash out a unit of stablecoin, the third party wires US Dollar to the holder and burns a unit of the stablecoin.
Pros:
* Easy to conceptualize
* Value will match USD with certainty if properly implemented (digitized dollars without capital controls)
Cons:
* Must trust third-party to hold fiat collateral
* Need additional third-party for audit to make sure appropriate collateral is being held and units of stablecoin match deposits
* Expensive and slow to audit
Projects with this structure:
1.Tether,
2.TrueUSD,
3.DigixDAO,
4.Globcoin,
5.AAA reserve,
6.Stably,
7.X8 currency
Read the full article at - https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-part-2-7ebf0c36eb32
Comprehensive overview of STABLECOINS — PART 1.
For those of you who still don’t know, “Stablecoins” as they are called by the greater blockchain community, are crypto coins that are intended to provide measurable stability in a price change. These crypto coins are “designed to be used as a unit of account and even as a store of value.” Typically, most stablecoins are pegged against the USD, but some implementations intend to move over to a basket of currencies or an index such as the CPI (consumer price index) in time. This is in hopes of having a currency independent of fiat in the near future.
There are three categories of approaches to developing a price-stable cryptocurrency:
1. fiat-collateralized
2. crypto-collateralized
3. non-collateralized (essentially an independent, non-collateralized currency maintained by an “algoritham”)
Read the whole article at https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-46d9220ca862
For those of you who still don’t know, “Stablecoins” as they are called by the greater blockchain community, are crypto coins that are intended to provide measurable stability in a price change. These crypto coins are “designed to be used as a unit of account and even as a store of value.” Typically, most stablecoins are pegged against the USD, but some implementations intend to move over to a basket of currencies or an index such as the CPI (consumer price index) in time. This is in hopes of having a currency independent of fiat in the near future.
There are three categories of approaches to developing a price-stable cryptocurrency:
1. fiat-collateralized
2. crypto-collateralized
3. non-collateralized (essentially an independent, non-collateralized currency maintained by an “algoritham”)
Read the whole article at https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-46d9220ca862
Our recent poll showed that 45% of you believes that MakerDao& Dai has the most promising Stablecoin and that it will be most likely the future of crypto payment.
https://i.imgur.com/1tQoux8.jpg
We think that stable token DAI in practice has the role of ETH LONG leverage and in other words serves as some kind of ETH CALL Option.
What do you think?
https://i.imgur.com/1tQoux8.jpg
We think that stable token DAI in practice has the role of ETH LONG leverage and in other words serves as some kind of ETH CALL Option.
What do you think?
MakerDao is currently in the lead, but it is neck and neck with Havven... Who will be the winner? Only 2 hours left to vote 
https://twitter.com/CP_Processor/status/994902629665910784
https://i.imgur.com/XQHWrUF.jpg
https://twitter.com/CP_Processor/status/994902629665910784
https://i.imgur.com/XQHWrUF.jpg
WHICH STABLECOIN WILL MOST LIKELY BE USED IN THE FUTURE OF CRYPTO PAYMENTS?
For those of you who still don’t know, “Stablecoins,” as they are called by the greater blockchain community, are digital tokens (much like Bitcoin and Litecoin) that are intended to provide measurable stability and security.
These coins are “designed to be used as a unit of account and even as a store of value.”
The outstanding problem, however, is that no team has been able to develop a universally accepted stablecoin that does not compromise features of security or decentralization.
For those of you who still don’t know, “Stablecoins,” as they are called by the greater blockchain community, are digital tokens (much like Bitcoin and Litecoin) that are intended to provide measurable stability and security.
These coins are “designed to be used as a unit of account and even as a store of value.”
The outstanding problem, however, is that no team has been able to develop a universally accepted stablecoin that does not compromise features of security or decentralization.
WHICH STABLECOIN WILL MOST LIKELY BE USED IN THE FUTURE OF CRYPTO PAYMENTS?
Our recent poll showed that majority of you believes that the future of crypto payments lies in stablecoins.
But which one will be the “winner”? Which one do you trust the most?
Our recent poll showed that majority of you believes that the future of crypto payments lies in stablecoins.
But which one will be the “winner”? Which one do you trust the most?
Which of these stablecoins will most likely be used for crypto payments?!
https://i.imgur.com/n6pQmBZ.jpg
We would love to hear your opinion on this matter, so leave your comment below, or simply vote!
https://twitter.com/CP_Processor/status/994902629665910784
https://i.imgur.com/n6pQmBZ.jpg
We would love to hear your opinion on this matter, so leave your comment below, or simply vote!
https://twitter.com/CP_Processor/status/994902629665910784
DO YOU STILL BELIEVE IN TETHER? 
5. WHAT THAT MEANS FOR THE MARKET?
If there is a problem with Tether, it could have wider knock-on effects for the cryptocurrency market as a whole due to its central role in many exchanges.
“The issue is that the volumes against Tether have been growing lately,” Greenspan said. “They’ve been above 10% of total volumes on bitcoin for a few weeks already.
“If there aren’t sufficient reserves in US dollars, then the price of Tether should not then be pegged to the US dollar and it’ll just be decided by the market.”
The fear is that a collapse in the price of Tether could also bring about a collapse in the price of bitcoin and other crypto assets that people have been trading with USDT.
5. WHAT THAT MEANS FOR THE MARKET?
If there is a problem with Tether, it could have wider knock-on effects for the cryptocurrency market as a whole due to its central role in many exchanges.
“The issue is that the volumes against Tether have been growing lately,” Greenspan said. “They’ve been above 10% of total volumes on bitcoin for a few weeks already.
“If there aren’t sufficient reserves in US dollars, then the price of Tether should not then be pegged to the US dollar and it’ll just be decided by the market.”
The fear is that a collapse in the price of Tether could also bring about a collapse in the price of bitcoin and other crypto assets that people have been trading with USDT.
DO YOU STILL BELIEVE IN TETHER?
WHAT IS SUSPICIOUS ABOUT TETHER?
4. MANIPULATION OF BTC PRICE
Controversy has swelled around Tether, whose chief executive officer Jan Ludovicus van der Velde is also the CEO of Bitfinex, after volatility and rumors of Bitcoin price manipulation surfaced late last year. One persistent online critic, going by the screen name Bitfinex’ed, has written several very detailed essays on Medium arguing that Bitfinex appears to be creating Tether coins out of thin air and then using them to buy Bitcoin and push the price up.
More controversial claims have been found over social media in the past days, and one in particular stating that “130 Million USDT were just printed.
https://www.omniexplorer.info/address/1NTMakcgVwQpMdGxRQnFKyb3G1FAJysSfz” was pretty alarming.
WHAT IS SUSPICIOUS ABOUT TETHER?
4. MANIPULATION OF BTC PRICE
Controversy has swelled around Tether, whose chief executive officer Jan Ludovicus van der Velde is also the CEO of Bitfinex, after volatility and rumors of Bitcoin price manipulation surfaced late last year. One persistent online critic, going by the screen name Bitfinex’ed, has written several very detailed essays on Medium arguing that Bitfinex appears to be creating Tether coins out of thin air and then using them to buy Bitcoin and push the price up.
More controversial claims have been found over social media in the past days, and one in particular stating that “130 Million USDT were just printed.
https://www.omniexplorer.info/address/1NTMakcgVwQpMdGxRQnFKyb3G1FAJysSfz” was pretty alarming.
DO YOU STILL BELIEVE IN TETHER?
WHAT IS SUSPICIOUS ABOUT TETHER?
3. NON-AUDITED
Prompted by a subpoena from US regulators in December 2017, Tether reacquired the services of Friedmann LLP to conduct an audit on it’s US dollar reserves. However, a month later, news broke that the Tether had parted ways with their auditors, meaning no audit results were ever disclosed.
That caused alarm and woke up the critics.
American accountant and auditor Abhishek Shah said that Bitfinex, the largest cryptocurrency exchange in the world, could well have the necessary reserves to back up Tether. Nevertheless, Shah believes pressure from the community is the only thing that will lead to a transparent audit:
“The Crypto community should come together and demand a complete independent audit of Tether.”
WHAT IS SUSPICIOUS ABOUT TETHER?
3. NON-AUDITED
Prompted by a subpoena from US regulators in December 2017, Tether reacquired the services of Friedmann LLP to conduct an audit on it’s US dollar reserves. However, a month later, news broke that the Tether had parted ways with their auditors, meaning no audit results were ever disclosed.
That caused alarm and woke up the critics.
American accountant and auditor Abhishek Shah said that Bitfinex, the largest cryptocurrency exchange in the world, could well have the necessary reserves to back up Tether. Nevertheless, Shah believes pressure from the community is the only thing that will lead to a transparent audit:
“The Crypto community should come together and demand a complete independent audit of Tether.”
DO YOU STILL BELIEVE IN TETHER?
WHAT IS SUSPICIOUS ABOUT TETHER?
2. CEO Of Tether is the CEO of BITFINEX!
Tether tokens are issued by Tether Limited, a company based in the British Virgin Islands according to the New York Times. Tether’s website says it is incorporated in Hong Kong, with offices in the US.
The company has many of the same management team as Bitfinex, the Hong Kong-based cryptocurrency exchange that is one of the biggest in the world. Jan Ludovicus van der Velde is CEO of both Bitfinex and Tether, and Philip Potter is chief strategy officer for both businesses, for example.
The most interesting thing is that the Bitfinex exchange, which, incidentally, controls the work of the company Tether Ltd, after the termination of cooperation with banks has incorporated and introduced the use of USDT, and managed to impose the dominance of USDT as the only stable coin for all other crypto exchanges.
WHAT IS SUSPICIOUS ABOUT TETHER?
2. CEO Of Tether is the CEO of BITFINEX!
Tether tokens are issued by Tether Limited, a company based in the British Virgin Islands according to the New York Times. Tether’s website says it is incorporated in Hong Kong, with offices in the US.
The company has many of the same management team as Bitfinex, the Hong Kong-based cryptocurrency exchange that is one of the biggest in the world. Jan Ludovicus van der Velde is CEO of both Bitfinex and Tether, and Philip Potter is chief strategy officer for both businesses, for example.
The most interesting thing is that the Bitfinex exchange, which, incidentally, controls the work of the company Tether Ltd, after the termination of cooperation with banks has incorporated and introduced the use of USDT, and managed to impose the dominance of USDT as the only stable coin for all other crypto exchanges.
DO YOU STILL BELIEVE IN TETHER?
WHAT IS SUSPICIOUS ABOUT TETHER?
1. TETHER IS COMPLETELY CENTRALIZED
The company that controls and issues Tether is meant to hold US dollar reserves to back up all of the Tethers that have been issued — a little like the Federal Reserve backstops dollars with gold. In theory, Tether holders can sell one USDT back to Tether Limited for $1.
The model is 100% centralized because the company is in full control of the money supply and reserves. Because its US dollar reserve must be stored in regulated bank accounts, it is subject to government regulations.
WHAT IS SUSPICIOUS ABOUT TETHER?
1. TETHER IS COMPLETELY CENTRALIZED
The company that controls and issues Tether is meant to hold US dollar reserves to back up all of the Tethers that have been issued — a little like the Federal Reserve backstops dollars with gold. In theory, Tether holders can sell one USDT back to Tether Limited for $1.
The model is 100% centralized because the company is in full control of the money supply and reserves. Because its US dollar reserve must be stored in regulated bank accounts, it is subject to government regulations.
DO YOU STILL BELIEVE IN TETHER?
With USDT you can, in theory, move into a coin that holds a stable value like USD… even when you are on an exchange that doesn’t deal in fiat! That is a big deal on its own, but it gets even better. Many exchanges also offer USDT as a trading pair, thus allowing you to buy coins with a coin that mirrors USD. That is very useful (especially when Bitcoin’s price is volatile).
However, everything good about Tether aside, Tether also presents some problems…
With USDT you can, in theory, move into a coin that holds a stable value like USD… even when you are on an exchange that doesn’t deal in fiat! That is a big deal on its own, but it gets even better. Many exchanges also offer USDT as a trading pair, thus allowing you to buy coins with a coin that mirrors USD. That is very useful (especially when Bitcoin’s price is volatile).
However, everything good about Tether aside, Tether also presents some problems…
DO YOU STILL BELIEVE IN TETHER?
What is Tether?
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.”
According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen...
What is Tether?
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.”
According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen...
Have you seen what’s missing in crypto world?
Is Bitcoin “electronic cash”?
NO it is not, it is an investment opportunity.
Current cryptocurrencies have no money role and are not generally accepted for settlement of liabilities. One of the reasons for this is that users see them as investment opportunities that have absolutely no external stability, not even a floating exchange rate. By resolving this problem, there would be more use of cryptocurrencies as money for payment and settlement.
Is Bitcoin “electronic cash”?
NO it is not, it is an investment opportunity.
Current cryptocurrencies have no money role and are not generally accepted for settlement of liabilities. One of the reasons for this is that users see them as investment opportunities that have absolutely no external stability, not even a floating exchange rate. By resolving this problem, there would be more use of cryptocurrencies as money for payment and settlement.
Have you seen what’s missing in crypto world?
Is Bitcoin “electronic cash”?
NO it is not, it is an investment opportunity.
The moment one of the crypto coins becomes exclusive unit of account and method of exchange-settlement transactions, in investment funds around the world, and not have the status of investment asset, we will know for sure that a real „electronic cash“ is finally in use.
Is Bitcoin “electronic cash”?
NO it is not, it is an investment opportunity.
The moment one of the crypto coins becomes exclusive unit of account and method of exchange-settlement transactions, in investment funds around the world, and not have the status of investment asset, we will know for sure that a real „electronic cash“ is finally in use.
Have you seen what’s missing in crypto world?
Is Bitcoin “electronic cash”?
NO it is not, it is an investment opportunity.
Show us just one company in the world that has Bitcoin and believes that there are no risks about its value, and therefore uses it as a method of payment and settlement of liabilities. And not to mention investment funds that treat Bitcoin and Ethereum in their portfolio only as an investment asset and conduct the same actions as for the other investment assets (risk assessment, Buy and Sell decisions…).
Is Bitcoin “electronic cash”?
NO it is not, it is an investment opportunity.
Show us just one company in the world that has Bitcoin and believes that there are no risks about its value, and therefore uses it as a method of payment and settlement of liabilities. And not to mention investment funds that treat Bitcoin and Ethereum in their portfolio only as an investment asset and conduct the same actions as for the other investment assets (risk assessment, Buy and Sell decisions…).
What is in fact MONEY? Is it finally time for the EVOLUTION of MONEY?
Money is the universal measure of value.
Why would it be any different with the term MONEY? Do you see the need for a global standard and universal money — „world single coin“? Can we, and are we ready to implement a standardized measure of value — global money?
Has the time come for the role of money in man’s life to evolve, considering the fact that almost one fifth of the 21st century has already passed?
Money is the universal measure of value.
Why would it be any different with the term MONEY? Do you see the need for a global standard and universal money — „world single coin“? Can we, and are we ready to implement a standardized measure of value — global money?
Has the time come for the role of money in man’s life to evolve, considering the fact that almost one fifth of the 21st century has already passed?
Making that single global money will takes so much effort to do it, also it'll takes a lot of times and everyone should work really hard.
Since there are people that doesn't have the ability or the chance to use a technology or the tech isn't reach some area yet.
So, we are here to make it happen, to put all our tech knowledge for development purpose.
Yes, all that need time and effort, but time is not limited for this project.
At the end Evolution is very slow...
brings together all payments in one method?, quite interesting. But i think you will need more action in real life, to convince everyone who do not understand about crypto, and you will get big problem if in that country crypto is forbidden
Yes, it's true... but if we do not try to make a change, we will not know if it's possible "EVOLUTION of MONEY". Jump to: