Topic: Did anyone had idea to create such stablecoin? (Read 184 times)
20% inflation related to what? Price of a fiat would increase or decrease only when it's compared to any other value like fiat or commodity. No value are constant. Value of every good and services are dynamic. USD is used for most of the international trade just because USA used to be the most prominent trader after world war 2.
if it is like that, it is not a stable coin, and it will also violate the economy of a country,
there will be new laws if that happens, let alone a lot of news about China and some European countries making digital money,
and it's also not to cover inflation , because inflation in a country also needs to occur.
there will be new laws if that happens, let alone a lot of news about China and some European countries making digital money,
and it's also not to cover inflation , because inflation in a country also needs to occur.
Stablecoin must always have a 1:1 ratio against the currency backed up. It is not allowed to reckon how the currency is inflated against other currencies, as that would be against its nature as a stable coin.
Even if we see that a stable coin is not really stable against the currency being backed up, I don't think it is a problem and it will fluctuate as long as there is an exchange that pairs the two.
Even if we see that a stable coin is not really stable against the currency being backed up, I don't think it is a problem and it will fluctuate as long as there is an exchange that pairs the two.
If you refer to something like that, then I don't think there is a stable means of payment in this world. in fact, people also take advantage of currency movements for forex trading due to volatile currency prices.
As far as I know, the quality of the USD price is influenced by the existing gold storage in a country, and we also know that the price of gold is also volatile. I am quite curious about the idea of the lock price in question. however, the quality of the currency will decrease and increase in the future, and centralized cryptocurrencies have also done various ways to get a stable price. like backing up with USD, or gold. it's just that it is not 100% stable because the intended inflation will continue to occur.
As far as I know, the quality of the USD price is influenced by the existing gold storage in a country, and we also know that the price of gold is also volatile. I am quite curious about the idea of the lock price in question. however, the quality of the currency will decrease and increase in the future, and centralized cryptocurrencies have also done various ways to get a stable price. like backing up with USD, or gold. it's just that it is not 100% stable because the intended inflation will continue to occur.
Okay, let's imagine one USD with the current value. There is stablecoin created that carries the value of USD but... You know USD's value can increase or decrease, that depends on inflation but at the same time it means that USD isn't stable and cryptocurrency backed by USD can't be stable. So we need a coin that will lock the USD and move according to it. If 1 Stablecoin = 1 USD right now but tomorrow we have 20% inflation, then this coin should cover this inflation and automatically increase in value. If the opposite happens, then the opposite action should be done automatically, according to official USD rate moves.
I hope you understand the point. What do you think about this? I would call it pricelock feature but stablecoin should naturally come with it.
USD value is increasing by other countries' currency. USD value is always the same but sometimes it may be different from USD to USDT. USDT value will increase as USD value. Already USDT value is following USD value, you don't need to create a new one. Just freeze your money which stable coin you trust. I hope you understand the point. What do you think about this? I would call it pricelock feature but stablecoin should naturally come with it.
Stability is a relative concept, so if Bitcoin fluctuates greatly during the year, the dollar is a relatively stable currency when compared to Bitcoin.
Therefore, many people calculate this value because it enables them to achieve profits and take advantage of these fluctuations by buying more dollars and obtaining more currencies.
There are many models that calculate stability away from the dollar and thus give a more accurate measure, but the constant fluctuations and rise are what make people love Bitcoin.
Therefore, many people calculate this value because it enables them to achieve profits and take advantage of these fluctuations by buying more dollars and obtaining more currencies.
There are many models that calculate stability away from the dollar and thus give a more accurate measure, but the constant fluctuations and rise are what make people love Bitcoin.
Okay, let's imagine one USD with the current value. There is stablecoin created that carries the value of USD but... You know USD's value can increase or decrease, that depends on inflation but at the same time it means that USD isn't stable and cryptocurrency backed by USD can't be stable. So we need a coin that will lock the USD and move according to it. If 1 Stablecoin = 1 USD right now but tomorrow we have 20% inflation, then this coin should cover this inflation and automatically increase in value. If the opposite happens, then the opposite action should be done automatically, according to official USD rate moves.
I hope you understand the point. What do you think about this? I would call it pricelock feature but stablecoin should naturally come with it.
I hope you understand the point. What do you think about this? I would call it pricelock feature but stablecoin should naturally come with it.
In my opinion: huge headache for the end user in understanding the variation of the supply, it's a lot easier just knowing that there is an issuer that collects fiat and create a 1:1 token.
I think I have understood the idea of what you're telling us. So if there's inflation, the coin has to adjust according to how much or what percentage the inflation for that same day or span of time.
I don't think that developers would love to adjust the quantity of that token to defeat inflation, they need a budget, to sum up, the inflation and credit to the existing users or if ever the opposite happens.
What we get is a 1:1 ratio.
I don't think that developers would love to adjust the quantity of that token to defeat inflation, they need a budget, to sum up, the inflation and credit to the existing users or if ever the opposite happens.
What we get is a 1:1 ratio.
Okay, let's imagine one USD with the current value. There is stablecoin created that carries the value of USD but... You know USD's value can increase or decrease, that depends on inflation but at the same time it means that USD isn't stable and cryptocurrency backed by USD can't be stable. So we need a coin that will lock the USD and move according to it. If 1 Stablecoin = 1 USD right now but tomorrow we have 20% inflation, then this coin should cover this inflation and automatically increase in value. If the opposite happens, then the opposite action should be done automatically, according to official USD rate moves.
I hope you understand the point. What do you think about this? I would call it pricelock feature but stablecoin should naturally come with it.
I hope you understand the point. What do you think about this? I would call it pricelock feature but stablecoin should naturally come with it.
I don't think I understand your point.
If a stablecoin is backed by USD, then its value will oscillate around $1. There is no such thing as an absolutely stable coin. There will always be market fluctuations.
Indexing the value behind the stablecoin with inflation would mean adding extra USD as backing. From where is that money coming?
e.g. if the annual inflation is 1.60%, should be backed by $1.016 US Dollars
Okay, let's imagine one USD with the current value. There is stablecoin created that carries the value of USD but... You know USD's value can increase or decrease, that depends on inflation but at the same time it means that USD isn't stable and cryptocurrency backed by USD can't be stable. So we need a coin that will lock the USD and move according to it. If 1 Stablecoin = 1 USD right now but tomorrow we have 20% inflation, then this coin should cover this inflation and automatically increase in value. If the opposite happens, then the opposite action should be done automatically, according to official USD rate moves.
I hope you understand the point. What do you think about this? I would call it pricelock feature but stablecoin should naturally come with it.
The above stablecoin model would be impractical. She will certainly not be in demand and popularity. For ease of use, people just need stablecoins that clearly reflect the price of the currency that backs it. This is the name of the stablecoin. Aside from the usual inflation inherent in each currency, the proposed stablecoin will continue to rise in value. It can hardly be called a stablecoin then in the sense of the role that the stablecoin plays now. I hope you understand the point. What do you think about this? I would call it pricelock feature but stablecoin should naturally come with it.
Some people just want 1:1 ratio to USD and not to usd's value because it will be huge headache. nothing is truly stable but atleast with USD you get that quite stable value movement and adding this kind of "feature" to a stablecoin might spell unnecessary complication.
Maybe right now we better stick to what we currently have but if anyone have the guts to create this kind of stablecoin then feel free to try. there must be people out there that willingly uses that stablecoin.
Maybe right now we better stick to what we currently have but if anyone have the guts to create this kind of stablecoin then feel free to try. there must be people out there that willingly uses that stablecoin.
In the fact, no coin is completely stable. All fiat money maybe such us USD, MYR, PHP IDR, maybe this is stable for each country but if compare with other fiat money this is unstable, always fluctuates.
And you talk about inflation, inflation is making a felt impact if when a few years, maybe 5 years or more. If it is only 1 or 2 years later, inflation is not really give an impact
So the conclusion we don't need stablecoin, there many lots of stable coin on the market, And if you worry about inflation, crypto is the answers
And you talk about inflation, inflation is making a felt impact if when a few years, maybe 5 years or more. If it is only 1 or 2 years later, inflation is not really give an impact
So the conclusion we don't need stablecoin, there many lots of stable coin on the market, And if you worry about inflation, crypto is the answers
Okay, let's imagine one USD with the current value. There is stablecoin created that carries the value of USD but... You know USD's value can increase or decrease, that depends on inflation but at the same time it means that USD isn't stable and cryptocurrency backed by USD can't be stable. So we need a coin that will lock the USD and move according to it. If 1 Stablecoin = 1 USD right now but tomorrow we have 20% inflation, then this coin should cover this inflation and automatically increase in value. If the opposite happens, then the opposite action should be done automatically, according to official USD rate moves.
I hope you understand the point. What do you think about this? I would call it pricelock feature but stablecoin should naturally come with it.
I hope you understand the point. What do you think about this? I would call it pricelock feature but stablecoin should naturally come with it.
I think even though many stablecoin will remain the same, if we withdraw cryptocurrency in a currency then the value will change according to the current value, because the value of the currency will always change at any time and there is no stablecoin in cryptocurrency that can keep the value of our money the same to avoid inflation, then in my opinion inflation will definitely occur at any time and the way to prevent inflation is only by choosing the right investment, so that if the value of our investment increases, it will also increase the value of our money and in my opinion there will be no stablecoin in cryptocurrency that can make the value of the money we have the same forever and avoid inflation.
Okay, let's imagine one USD with the current value. There is stablecoin created that carries the value of USD but... You know USD's value can increase or decrease, that depends on inflation but at the same time it means that USD isn't stable and cryptocurrency backed by USD can't be stable. So we need a coin that will lock the USD and move according to it. If 1 Stablecoin = 1 USD right now but tomorrow we have 20% inflation, then this coin should cover this inflation and automatically increase in value. If the opposite happens, then the opposite action should be done automatically, according to official USD rate moves.
I hope you understand the point. What do you think about this? I would call it pricelock feature but stablecoin should naturally come with it.
I hope you understand the point. What do you think about this? I would call it pricelock feature but stablecoin should naturally come with it.
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