Topic: F*CK BITCOIN. USELESS COIN BACKED BY NOTHING. Stablecoins are the future. (Read 619 times)

Dollars backed by what then? Its just a tool by government to sucked out people economy by keep creating dollars day by day and create inflation. Bitcoin is backed by our community and hashrate around the world, its created spesificly by only rewarding someone who participated to support the network with calculated number to keep inflation rate low.

https://bitcointalksearch.org/topic/m.57641003.
https://bitcointalksearch.org/topic/m.57641243.
https://bitcointalksearch.org/topic/m.57641370.

Is that your reason to create this thread? I bet your main purpose is to get attention from all bitcointalk members, so you can promote your business. Well, there are too many ways to get attention, why do you choose a worse way? How poor!!

Note that your stablecoin won't break the popularity of Bitcoin. And whatever you stated, won't affect anything to Bitcoin. Only for a blind man who doesn't know the advantage of Bitcoin and saying it is useles. Even I guess a blind man can hear what Bitcoin functions, while you didn't at all.  

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If you still have a feeling and respect for this forum, just lock this shilling thread!!! And stop barking like a Bitcoin hater!!!

Ain't gonna lie you need help, the useless fiat you claim is backed by nations economics keeps devaluing, if in the 90's $1 can get you about 5 crates of eggs but today you'd need up to have up to $10 to get just one crate of egg, the shitty stable fiat keeps devaluing because the fed find it fit to keep printing shit ton of papers into circulation, bitcoin was created with a capped supply to help stop inflation, it's better you embrace it now before dollar becomes over undervalued.

BTC is being pumped and manipulated by billionaires and institutional investors. If you want to profit off that well thats up to you, but dont delude yourself into thinking that btc is not useless. Heroin dealers make money selling heroin. That does not mean heroin is useful.

Supporting ethereum and stable coins is the best way to shatter the control of the cabal if you dont care about that and you want to support  useless billionaire shillcoin - bitcoin then just admit you are a greedy fuck that doesn't care that the world is run by an evil cabal of child abusing of billionaires, and you have completely sold out for money  just like the prostitute politicians and real prostitutes. Seriously, just because the price of btc is increasing does not mean it is not a useless pumped up asset. If a gambler makes money from gabling does that make gambling useful?

What is the supposed use of bitcoin?

Can it promote finnacial inclusion among the economically vulnerable, the unbanked, the underbanked?
 Nope it is too volatile and easy to manipulate by billionares.


Can btc stop the economic stanglehold of wall street and the cabal?  
Nope institutional investors and billionaires are investing heavily in btc. I wonder why? no authority or body to stop manipulation in the btc market. The perefect asset for currency manipulation.


Does btc lessen the power of the cabal?
Nope, it greatly amplifies it.  The supply is fixed. Bllionaries and institutional investors  can use ther resources to corner the market and manipulate its price and there is absolutey nothing stopping them from doing this.

Even if you distrust fiat, you should realise that stablecoins can be backed by gold. PAXG is an example.

We have seen this prowess throughout history, so your story of fiat backed prowess is just a farce.

Who are we and what is it called. What is your company worth other than these useless boasting to peg the dollars. Until those details are transparent there is no point in your banter. The use case of Bitcoin is the investment coming into the currency and if you are one less user in Bitcoin that does not mean anything as it is not for everyone either .

Private stable coin issuance = Power to the people at the expense of the cabal of private banks and central banks.

Bitcoin =  preservation of the current status quo. The preservation of private banks and central bank control on money creation. This benefits the cabal and parasitic billionaire scammers such as Musk and Cuban.

Fuck the cabal.


Bitcoin is the currency of the peodophile satanist billionaire elites. Ethereum and stablecoins destroys their grip on the economy by allowing anyone to create their own currency. Economic freedom for all and power to everyone  and not just btc holders who shill for the economic interests of the cabal.

Looked into it. It is a speculative asset pumped up by billionaires and institutional investors. How much money do you get shilling for the global cabal?

You come all the way to bitcointalk and open an account just to tell the world that bitcoin is useless?? I'm sorry for your loss because I'm sure you lost your money one way or the other to start talking this way, BTC is far more better than any currency that I know and it's not that hard to understand I don't know where your idea is coming from, it's better to study it first before judging

@ HALEEMA

You have  only offered insults like a childish retard and have  failed to disprove any of my points. I guess I am right btc is a speculative useless asset that is pumped by billionaires and idiots. Also fuck Elon Musk. No one is trying to copy him. I stand for absolute economic freedom of the people that is why I support ETH and stablecoins. That is the ony way to achieve freedom from the satanic global cabal. As I have said many times before BTC preserves their power.

I think you are a big idiot and a mad person and you don't have any knowledge about Cryptocurrency and bitcoin. Do you know there is 38,517,960 holders in CMC network only other network have many many more community and this community is hugely powerful productive. You are not a Elon mask but i think you are trying to copying him, am i right he is very happy with his coin. If you want to say something about bitcoin on this forum first use manners speech and constructive discussion about Bitcoin. Bitcoin is not a worthless it have a price which is not stable however paper currency and stable coin are worthless they don't have price. Please do not waste the times to other with your shits speech of this form. 

Interesting point of view. But fiat only goes down through time. So as gold and silver. BTC is backed by people at least. And it's decentralization is great feature.

Who cares if BTC is the oldest currency.



I recognise the truth about btc. Even if it is the original cryptocurrency it does not change the fact that it is a speculative asset that is manipulated and pumped up by institutional investors and billionaires.

I have invested in eth. Ethereum actually has practical use in value creation. Can be used for stable coin issuance, smart contracts, securities issuance, ico's.  It is a fuck you to elite power institutions such as central banks, investment banks, brokers and securities clearing firms such as DTCC.  Ethereum is the blochain that most DEFI networks and ICO projects operate on. DEFI and ICO's have the potential to libertate people from banks and VC parasites. Ethereum along with stablecoins has the power to destroy the wall street and central bank controlled economic order.  BTC preserves the power of wall street and the economic status quo. Ethereum has the power to realise the true potential of crypto and its decentralised aims.

In contrast btc has no practical use. It is a useless speculative asset that is being pumped up by the satanic billionaire pedophile elites. They have the resources to create  a cartel that can corner and manipulate the market. There is no law or authority that can stop them from doing so. BTC is too volatile to be used as actual currency. BTC does not have solid fudamentals. That is why it so easy to manipulate by billionare scammers such as Elon Musk. This isn't 2008- 2016. BTC is now manipulated and pumped up by the elites. It is the coin of the establishment. Central banks fear stable coins. They do not care about btc. Governments have not released white papers seeking to explore different ways in which btc usage can be limited because they do not care if people use btc. BTC is  manipulated by billionaires. Private stable coin issuance shatters the economic control of the elites.

Let us celebrate  the prospect of the destruction of wall street control and the people having complete economic freedom through private stable coin issuance. Fuck the international pedophile cabal and their pumped up manipulated shillcoin bitcoin.

I guess you cannot be bothered to read through the post history on this thread. I am invested in eth. I have previously explained why I am bullish on eth previously.

Private stable coins issuance grants monetary sovreignity to the people. If one currency is being manipulated than create your  own currency that is not being maniplulated. If it is sucessful, then the issuer that is manipulating their currency or allowing their currency to be manipulated will go out of business. Private stablecoin issuance shatters the control of big players and provides for free monetary competition that has the potential to serve the economic needs of the people to a greater extent than a system where money creation is controled by central banks in partnership with a private banking cabal.

Gamblers make profit of speculation. It does not mean that gambling is useful. Some people made many inevesting in bullshit start ups during the dot com bubble - does not mean the bs start ups are useful. In terms of otc stock investing some people for example Timothy Sykes, make money money investing in pump and dumps and exiting before the dump. BTC does not have solid fundamentals that is why it can be easily manipulated and pumped by big players. If your only argument is people are making money of it and it is increasingly popular than such arguments prove my point. It is a useless speculative asset that is pulling in dumb money that want to get rich quick. It is similiar to any speculative bubble like tulip mania, the dot com bubble, and real estate between 2001 -2008.

Have fun staying poor, OP. Ignore bitcoin at your peril, how are those fiat savings going for you? I prefer my money in crypto & as somebody who has been hodling since 2015 I can speak from a position of success.

Because it is useless. No one knows who satoshi is. Could easily be an intelligence agency or the establishment that created BTC as a distraction to maintain the the private bank cabal's and central bank control over money creation. Stablecoins shatter that and allow anyone to create currency. Private stable coin issuance allows free competition so people can choose the most credible currency that meets their economic needs. BTC is too volatile to be real currency. It is a useless speculative asset that is being pumped by billionaires.

As I have said many times before, fiat is backed by the economic prowess of a nation. If you want a hedge against inflation or capital preservation during recession then invest in physical gold. There are stablecoins backed by physical gold such as PAXG. Gold has been currency for more than 2 millenia.  Also it consdered  official currency that no government controls. Evidently, under ISO 4217 gold is consudered supranational currency.

Just because the price of BTC is going up or has the potential to go up to 100,000 does not mean it is useful. It just means institutional investors and billionaires are susscesfully pumping the currency. If you make money by invetsing in pump and dumps before the dump it does not mean that the asset being pumped is useful.

and you think your stable coins are going to be useful if without bitcoin ? theres no stable coins before but the reason they are created is because of the volatility of bitcoin and other cryptos .
bitcoin is not also useless but it has two major uses and thats for investing and for spending  . dont hate and wish btc to die because if they die , your stablecoins are also going to follow bwahahaha .

Are you trying to advertise your new currency, or you are here to discriminate Bitcoin, have you forgotten that the btc you are discriminating is the king of all coin, without the idea of Bitcoin can you even dream of the idea of a stable coin, and even if you do on what blockchain do you think you are to launch it.

I think its better off to advertise your coin in a genuine way rather than condemning another coin and not just another coin but Bitcoin which is has lay the foundation for all other crypto.

I think this pattern of advertisement is wrong.

I am not sure if you are serious or just a troll but nevertheless i am gonna reply to your post. Bitcoin was and is such a massive success because it isn't backed by a government or by big central banks that are also controlled by the governments but because it is decentralized and everyone can participate in this financial ecosystem without any limits.
To your plan of building a new stablecoin that is backed 100% by real USD: If you really want to create a stablecoin like that you need to have huge reserves of money to really ensure that every stablecoin that you print is backed by a real dollar and i highly doubt you have access to such huge amounts of money and i also think we already have enough stable coins already.

Bitcoin is the most popular and demanded cryptocurrency around the world, so I believe that in the future bitcoin will also be in the first place by popularity and demand in the cryptocurrency field, but of course I agree that manipulators do whatever they want with the price of bitcoin, but also with other cryptocurrencies manipulators also do what they want, so in this situation we cant do nothing, well, in general, by investing in bitcoin, you can get a huge profit and it does not matter that bitcoin is manipulated by big players, the main thing is to have time to understand when to fix the profit.

How can you say bitcoin is useless, have you learned about bitcoin as a whole, almost all forms of currency are speculative including fiat currency, Satoshi is the person who popularized Bitcoin and is believed to be the first person to create it, you need to read a lot at this time.

Can you imagine that fiat money is actually very dangerous during a recession or economic crisis that some countries can't solve, so how do you say fiat currency is a safe currency.
Can you provide this answer?

Was it a missed train or an early sale? Anyway, I'm sorry for your loss ... Not realy!   

Private stable coin issuance = Power to the people at the expense of the cabal of private banks and central banks.

Bitcoin =  preservation of the current status quo. The preservation of private banks and central bank control on money creation.  This benefits the cabal and parasitic billionaire scammers such as Musk and Cuban.

Fuck the cabal.


Bitcoin is the currency of the peodophile satanist billionaire elites. Stablecoins destroys their grip on the economy.

Man,.. if you have any bitcoin or any other coin that you like,. let me know, i can share my wallet and you can get rid of these useless coins.. Bitcoin, ethereum, ada, and all other shit coins.. Oh and yes, i do agree with you. You should get rid of these asap by dumping them to my wallet... love u.

Stable coins and ethereum are the true revelution in crypto. They empower the people and have the potential shatter the power of the cabal. BTC preserves the power of the cabal. It is pumped and manipulated by billionare scammers like Elon Musk.

Power to the people through private stable coin issuance. Fuck the satanic pedophile cabal and their shill coin bitcoin.

It is cryoto that is the true revolution! If you deny it, then you're delusional.

As i have stated repeatedly the price of btc is rising because it is being pumped up by instututional investors and billionaires. Remember, the price of tulips rose considerably during tulip mania.  Start up valuations rose to exceeding highs during the dotcom bubble, despite the fact that many start ups during that time failed. Price action does nit = equal usefullness. That is why we have speculative bubbles.

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Even the creator of Dogecoin recignises that btc is a scamcoin that serves the interests of billionaires. People on this sub are so greedy and desperate for money that they will support the economic interests of billionaires and the satanic pedophile cabal. Wow.

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No it's not, that $48000 it's currently sitting on says it's worth something and value is still going up.

It's difficult to justify why bitcoin is up there but all I know is it gets it's power and value from its users. It's like a car all cars are meant to move us from one place to another but within these cars because we have believed that these are valuable they are valued above average.

Stablecoins are not exciting for investments which is why they aren't as popular but of course they are safe against volatility.

Private stable coin issuance = Power to the people at the expense of the cabal of private banks and central banks.

Bitcoin =  preservation of the current status quo. The preservation of private banks and central bank control on money creation. This benefits the cabal and parasitic billionaire scammers such as Musk and Cuban.

Fuck the cabal.


Bitcoin is the currency of the peodophile satanist billionaire elites. Stablecoins destroys their grip on the economy.

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I actually support crypto. However, I recognise the truth about btc. Even if it was the original cryptocurrency it does not change the fact that it is manipulated and pumped up by  institutional investors and billionaires.

I have invested in eth. Ethereum actually has practical use in value creation. Can be used for stable coin issuance, smart contracts, securities issuance, ico's.  It is a fuck you to elite power institutions such as central banks, and securities clearing firms such as dtcc.  Ethereum along with stablecoins has the power to destroy the wall street and central bank controlled economic order.  BTC preserves the power of wall street and the economic status quo.

In contrast btc has no practical use. It is a useless speculative asset it pumped up by the satanic billionaire pedophile elites. It is too volatile to be used as actual currency. BTC does not have solid fudamentals. That is why it so easy to manipulate by billionare scammers such as Elon Musk. It is the coin of the establishment. Central banks fear stable coins. They do not care about btc. Governments have not released white papers seeking to explore different ways in btc usage can be limited because they do not care if people use btc. BTC is  manipulated by billionaires. Private stable coin shatters the economic control of the elites.

Let us celebrate  to the prospect of the destruction of wall street control and the people having complete economic freedom through private stable coin issuance. Fuck the international pedophile cabal and their pumped up manipulated currency bitcoin.

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I'm sure he's going through something difficult.
he never knew how to dominate bitcoin and some of the other top market altcoins in the market.
without experience and knowledge, OP better keeps the money at home I'm sure it will make him happier.

I don't know what happened with you. Did you just put all your funds into futures trading and then it was liquidated? or experienced some other bad thing that your mood is so messed up?
If there was no Bitcoin, do you think there would be so many Altcoins as they are today? and why is there stabilkoin if there is no Bitcoin and other Cryptocurrencies? would someone invest in stabilkoin? this really looks stupid.

How to bypass the bank ? because when it comes to precious metals it's very clear that every fiat currency mint is also based on precious metals and that's pretty much the same as the stable coins that everyone sees today.

Private stable coin issuance = Power to the people at the expense of the cabal of private banks and central banks.

Bitcoin =  preservation of the current status quo. The preservation of private banks and central bank control on money creation. This benefits the cabal and parasitic billionaire scammers such as Musk and Cuban.

Fuck the cabal.

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@ Dansus021
 
So you are to stupid to realise that BTC serves the interests of the financial elites. While stablecoins provides the best to shatter their grip over the economy.

Let me guess you over looked these things because you're so desperate to be rich.  Basically you are a prostitute of the cabal and you whore yourself for petty gains? 

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You are so useless that you can only see the uselessness of it, that's what I think.

Arguments that don't match reality, I'm looking at whether you are living on some planet and have the opportunity to use btc and not get value from it, which has led you to have negative beliefs about it. We support btc and get many benefits from it brought to life.

  dan so funny

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fiat backed by nation and bitcoin backed by fiat  people believe in it as long people want to buy it bitcoin always have its value maybe you out of luck like @zanezane says


i know stable coin is better version of fiat but without blockchain technology it will just become simple fiat

In one point i agree - unlikely people say it's backed by energy costs, it's not, you don't get your energy back for bitcoins itself.

But i would not agree with the rest cause the value giving by people is much more important than anything else. See gold which was useless tousands of years and wars where made for it.

Btc will not be the daily money we will use, but it will be the crypto gold which will have it's value given by people and can backing something by itself.

So maybe we might use a currency thats backed by bitcoin.

Private stable coin issuance = Power to the people at the expense of the cabal of private banks and central banks.

Bitcoin =  preservation of the current status quo. The preservation of private banks and central bank control on money creation. This benefits the cabal and parasitic billionaire scammers such as Musk and Cuban.

Congratulations on your early realization of the value of your life. And we who have always supported this market, we say it is our future. But anyway, you are showing different thinking from the majority here, and those who are considered successful with this market still support and believe in it every day.

So what if BTC is the oldest.
BTC is being pumped by billionaires.It has no practical uses.  BTC is to volatile to be used as everyday currency. It is just used for speculation.  If you are looking for long term capital apreciation invest in eth. Most stablecoins are issued on ethereum. Ethereum has far more uses than btc. There are actual fundamentals that can be identified as catalysts for the increase in ETH's price. Many anlysts acknoledge that ETH has the potential to overtake BTC. Eth along with stablecoins will be the backbone of the next economic revolution. This is where the true revolution in cryoto lies.

Private stable coin issuance = Power to the people at the expense of the cabal of private banks and central banks.

Bitcoin =  preservation of the current status quo. The preservation of private banks and central bank control on money creation. This benefits the cabal and parasitic billionaire scammers such as Musk and Cuban.

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Power to the people. Its  time  the people have economic power and have greater societal power that extends beyond the illusory choice of voting for which bulshitting prostititute politician lies to you. Embrace stable coins. Fuck the parasite billionaires. Fuck the cabal.

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Is Bitcoin really useless to you? Are you for real?    Bitcoin is the oldest cryptocurrency in this market. It is like it is the ancestor of all of the altcoins existing in the market. And it has the biggest dominance which causes Bitcoin to be able to change the way things are going in the market. And Bitcoin adoption is also increasing day by day. We will most probably see Bitcoin being used in many places in the future. In terms of investment, Bitcoin is one of the best places to choose also. Especially if you are a HODLer, you can make a lot of profit in the long run. And this goes on like that.

In short, I don't agree that Bitcoin is useless.

BTC is being pumped up by billionaires and instututional investors. Just because its price is going up does not mean it is useful. Look up Tulip mania, the dot com bubble, the real esatate bubble and even the current vc bubble. Loads of money given to useless start ups at sky high valuations, 90% of which fail within a year.   The true potential of crypto lies in ETH and stablecoins. Smart contracts actually have practial use and stable coins are a viable currency alternative. That is why central banks are desperately trying to find ways of limiting stablecoin usage.

Stable coins = Power to the people.

BTC = Propping up the billionaire's scam.

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 Your mentality is no different than any other idiot who invests in in a speculative bubble, whether tulips, or bulshit start ups. Let my guess,
its gonna raaaaaaaain maaaaaaaaaaaaaaan. Keep making parasite Elon the troll richer. Lol

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it looks like you are one of the people who are hurt because you sell Bitcoin at a cheap price, so that makes you crazy, because if you are a Bitcoin investor, then you will definitely be rich now and will not blaspheme Bitcoin, then please invest yourself in your stablecoin, because stablecoin can't make you rich like you invest in Bitcoin, so in the future we will laugh at you because we have become rich and your money is still stable.

@ Eden Hazard. Idiot all of the worlds politicilans are prostitutes that are controled by the banking cabal.The banking cabal and the basel comitee control the world economy through the bank of international settlements. the bilderberg conference and the davos conference. All the banks have to do is pay the prostitute politicians to introduce restrictions on btc service providers. The politicians will follow like  the dogs they are. The US do not care about bitcoin because it serves the interests of the billionares that have bought Congress.

The political elites fear private stable coin issuers. That is why Janet Yelen. the SEC. and the CFTC  are trying to come up with bulshit regulations to curb private stablecoin issuers. If the US or the cabal want to ban bitcoin they can do so by going after entry points such as exchanges and brokers.

They won't  because btc serves the interests of the financial elites. Trols like Elon Musk and Mark Cuban love it. They can use it sucker millions from retail investors. Even better there are no laws to stop these parasites from doing so. Yayyyy btc the perfect scamcoin for Elon sand his merry litle band of billionaire scammers.

tell us how?
how government around the world preventing banks from processing wires to crypto at once? HOW THE F*CK THEY CAN DO IT AT THE SAME TIME?
you can say chinese ban crypto .. then people run to USA, Lets say USA ban crypto too , people can still run to UGANDA and make the one government legalize crypto become an economy boosting till make that government RICH AS F*CK.

NOW F*CK OFF , this forum isnt for ignorant boy like you.

Stablecoins are issued privately. They are not issued governments. Even if a stablecoin issuer tries to implement a social credit model, you or another person can issue an anonymous stablecoin. If people want that, the stable coin issuer that tried to implement a social credit model will go out of business. Private stable coin issuance is the ultimate fuck you to draconian government and private companies that shill for draconian government. It is truly power to the people and free competition that ultimately serves the interests of the economic needs of the people.

unfortunately this is very true, bitcoin is easily manipulated by anonymous billionaires and insiders, I even get angry every time I read some news saying that some anonymous insider said that company X will accept bitcoin as a means of payment and when I see the price, I see that the price has already increased by 10% in a few hours is simply very scary because just as the price increases so easily due to an anonymous insider's rumor, it can also fall a lot due to an anonymous insider's rumor


seems to me that you have problems with satoshi nakamoto

Stable coins can be based on precious metals. Banks are not needed for that.  Also there are ways to bypass banks.

So if you don't want to work with banks I assume as you call them cabal, where are you going to store the billions of dollars backing your stable coin? While you USD baked stable coin can be stopped by governments easily, algorithmic stable coins an't be stopped. They can be hindered, but not destroyed.

Ok let's assume the billions are going to be deposited at a bank, which bank is going to ensure low barriers to entry, full privacy and low KYC requirements at maximum? The bank doing that businesses is getting in a whole lot of trouble if they don't use your stable coin as a data producing machine that is providing governments with information about every step a person makes. Who are you interacting with, when, and where, etc. Welcome China. Are you also all for social scoring? Would fit your plans well.

USDT is not backed on a 1:1 basis with cash. It is a fractional reserve. Like the cabal banks. USDT is backed by unrated commercial paper. A true stablecoin is needed. Who cares if BTC is the original coin. Ethereaum has massively improved crypto in terms of potential. Stablecoin issuace gurantees the practical ussage of crypto as a currency alternative. I am interested in crypto because I recognise that stablecoins can give economic power to the people. Anyone can create a stablecoin. It smashes control of the banking cabal over money creation. Stablecoin issuance is the path to true freedom from the cabal. Unlike btc which preserves the power of the financial elites.

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Backed by speculative nonsense. I am sure tulips during the period of tulip mania were pumped up by " agreed characteristics of value" much like any speculative asset. It has no sound fundamentals because its adds value to nobody. It is just a hyped asset so gamblers can make money. BTC is pumped up and manipulated by billionaires. BTC strenghens their control. Stablecoins shatters their control.

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It is backed by several characteristics that haven't been achieved before. It is backed by the common belief that those characteristics are valuable. It is backed by the belief that the technology will further advance, much like any other technology will further advance. Are you still sitting at your Amiga 500 or do you own a decent machine that serves today's purposes and fulfills the hardware requirements?

Go and develop your stable coin, not that there weren't several already.

Not going to repeat myself. I have repeatedly addressed this point. Lock through my post history or through this thread. Also as i have said many times before stablecoins can be backed by gold.  PAXG  is an example. Gold is deflationary. Are you so eager to shill for billionaire's that you could not be bothered to look through the post history of this thread?

Stablecoin = economic power to the people

BTC = economic power to institutional investors and billionaire parasites.

go away, we don't need your stabilcoin, because we already have USDT and BUSD, so of course your stabilcoin will be useless and just a waste of your time, then in my opinion if you say Bitcoin is useless, so why are you interested in cryptocurrency? means you are an idiot, because the originator of cryptocurrency is Bitcoin, so without Bitcoin there would be no such thing as cryptocurrency and without you knowing that you are a Bitcoin fan .

They are a stable currency alternative.Not speculative garbage that can easiliy be manipulated by the elites. That is why prostitute politicians and puppet  central banks are trying to supress the adoption of stablecoins.  They stand to loose.

Stablecoins are so boring. Nobody wants that.

Stablecoins can be backed by gold and can by gold  which has appreciated and gold is deflationary. BTC is only respected by the establishment controlled media. They will not tell you the truth. Stablecoins allows anyone to create currency whether backed by inflationary assets or deflationary assets such as precious metals. It is economic power to the people unlike btc which is increasingly being controlled by a cabal of billionaires and institutional investors.

What do you support, economic power to the people or some bullshit speculative asset that is the plaything of billionaires?

I say fuck the central banks. Fuck the private banks.  Fuck the cabal. Economic power to the people. Create stablecoins whether bacjed by gold, or fiat. Smash the economic control of the eilites. Fuck the billionaire parasites. Their power will only be preserved with btc, since they hold most of the issued btc supply.

Econiomic freedom for all. The power stablecoin issuance for all.

You may not see the usage of Bitcoin but people respect it especially the crypto enthusiast and nobody forces you to buy Bitcoin. Have you seen the value of your fiat money today? Its decreasing because of the inflation while Bitcoin is not affected by that, and its growing even if you throw shit on Bitcoin. Anyway, your opinion is not important because we know the real value of Bitcoin, and for sure it will continue to grow.

 Your currency is a plaything of billionaires and the financial elites. The amount of money it takes to mine btc proves this. Stable coins = money creation by the people. The US dollar is backed by  nukes, global hegenomy, millitary supremacy, leading jurisprudence and the worlds largest economy, which is fueled by the best and the brightest minds. Unlike btc which is backed by still waiting on a credfible explanation of its value.

However, its creation is controlled by central banks and a cabal of private banks. Stable coins shatter their contrrol and allows  anyone to create currency. It is literally economic power to the people who want to transact in USD without paying extortionate bank fees. BTC is a tool of billionare scammers and a speculative asset for hipster idiots who are too stupid that they are being played by institutional investors.  If anything stablecoin realise the goals espoused in the btc white paper than btc itself. But HODL MAAAN. TO THE MOON until Elon or some other billionaire parasite scammer decides to tweet some bullshit to manipulate the price.

The billionare parasites cannot do this with genuine stable coins. Thats why stablecoins = power to the people and btc = power to billionaire parasites.

Son, be careful because you are on a self destruction mission. It cost a huge loads of work to mine just a bitcoin which is heavily backed by technology and it's an anti-inflation currency. Bitcoin has never been bailed out and will never be bailed. Son, the days of US dollars are numbered. 

BTC is a poor store of value because it is too volatile. Also there is no authority to stop manipulation within the BTC markets. Making it the best asset for insttututional investors to scam unsuspecting retail investors. Gold (Physical) is the best hedge against inflation. This is why gold is recognised as both a supranational currency (ISO 4217) and a commodity. BTC is barely recognised as a comodity in the US  and no stable country recognises btc as currency. It is too volatile to be currency.

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Wrong. Backing does not mean centralisation stablecoins can be backed by precious metals such as gold. (PAXG) Gold is a supranational currency under ISO 4217. It is a store of value that is not controled by any authority. Gold is deflationary.  BTC is not special. it is the play thing of Bilionaires who can use it to scam dumb money. There is literally no authority to stop them from doing this. The perfect means of market anipulation and scamming.

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Your message only shows that you don’t understand Bitcoin and cryptocurrencies as a concept. Bitcoin isn’t backed up by anything because it doesn’t need to be that way. What is “backed up”? It means centralisation, which essentially is against what Bitcoin is about.

Stablecoins are backed up by dollar, but why do you see that as something good? How can a cryptocurrency serve as a hedge against inflation if dollar is inflationary? They’re nothing but a digital fiat, while Bitcoin is special and gives much more promises.

Fiat is backed by faith in the economy, millitary power, political power, global influence  the rule of law and the integrity of public instututions.  BTC backed by ....?  Its souce of value other than speculation. Fiat used as a legitimate means of exhange over the last century. Precious metals have been used as a medium of exchange and a store of value for more than 2 milinea. BTC hmmm mumbo jumbo I guess. Buzzwords blahh blaahh blahhh.

Governments can easily destroy the price of BTC by preventing banks from processing wires to crypto exhanges.

The chinese government did this and sent the price of btc crashing by nearly 50%.  Western governments can easily crash the price of btc if they want.

But they do not want to do this since btc is a shill coin for the masters of government. Billionaires.

Bitcoin isn’t useless. Its fundamental purpose is both as a store of value and a hedge against fiat. On the other hand, Stablecoins, unless backed by gold or precious  minerals is useless. Some stablecoins carry their own risk. For instance, commodity-backed and crypto-backed stablecoins values are dependent on their underlying assets. Therefore they are prone to prices  instability when the market "shakes".

Fiat backed by faith in the economy and the integrity of public .  BTC backed by .... Its souce of value other than speculation. Fiat used as a legitimate means of exhange over the last century. Precious metals usedas a medium of exchange and a store of value for more than 2 milinea. BTC hmmm mumbo jumbo I guess. Buzzwords blahh blaahh blahhh. Hipster bullshit.

My coin will be regulated and it will be subject to monthly attestation by  a CPA  to prove 100% cash reserves backing each coin issued. The coin will be initially issued on Ethereum. I recognise that there is a need for a genuine stable coin that is backed by cash. Not cash equivelents and speculativer commercial paper as is the case with USDC and Tether. These projects are essentially equivelent to risky fractional reserve bank deposits.

@Gyfts.

Central banks are captured by the interests of private banks. A CBDC would be a form of full reserve banking.  They will not issue a stablecoin because doing so would undermine the ability of private banks to attract retail deposits. As I am sure you are aware, private banks operate on the basis of fractional reserve. There is only around 10 percent of actual money M-O money (central bank reserves) backing private bank deposits (M1 money). A CBDC would be backed entirely by central bank reserves, because of this central banks fear that a CBDC would cause a run during periods of economic stress. Central banks will never release a cbdc in order to preserve fractional reserve banking. This is why the fed and so many g7 central abnks are so reluctant to release a cbdc.

You're drunk, go home son.

we should not have to explain anything , should we?
if you mean by bitcoin is based on speculative interest then start with re-read the bitcoin whitepaper..

then learn the history from here

http://p2pfoundation.ning.com/m/discussion?id=2003008%3ATopic%3A9402

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the moon!

And don't you speculate with stable coins? Do you not speculate that the sustainability of stable coins will be prolonged and not collapse once it is discovered that the physical assets backed by the stable coin either do not exist or do not have integrity? Watch, all the governments of major banking systems (EU central bank, swiss banks, fed. reserve) will release their own stable coins within the coming years - and people will suck them right up because they foolishly believe that large countries are too big to fail.

Fiat currency is decentalised since it is mostly issued by private banks. For example in the UK only 3% of the currency is issued by the central bank.  However, the current fiat banking system is economically centralised beacuse only banks can "create money" through loans. Banks are a cabal. Stable coin issuance gives the power of money creation to the people. The people can decide what stable coins they accept as currency. Open and free competition serves as a mechanism of accountability. It forces stable coin issuers to adopt the best practices.

The value of BTC is fixed and most of its supply is controled by billionaires and institutional investors. There is literally nothing to stop the largest holders of btc forming a cartell to manipulate its price. There is no authority to stop this. Also btc does not have sound fundamentals for people to easily identify price manipulation. All it takes is on tweet or statement form a billionare troll to manipulate its price. This is hardly a coin of the people. It is a perfect scam for billionares and institutional investors to swindle dumb money.

at least if you want to do a healthy argument and use language that is not too harsh, I know you just want to find a title that is indeed so that many people see and comment on your thread but by doing this you are not cool bro
if you call bitcoin speculative then how is it different from the stablecoin you want to sell?
at least bitcoin is still valuable compared to the clarity of the stablecoin you are promoting

BTC is now domionated by billonaires and institutional investors. They can manipulate its worth at will. Stablecoins reflect monetary decentralisation in the sense that any entity can issue them.  This is not the case with BTC.

I don't think that OP is that kind of person that's going to embrace it and convert from hating into using bitcoin, just basing from his/her verbiage, I assume that OP is a fanatic that will probably have a hard time changing their views in the world, so we are actually wasting our time replying to this thread because OP's hate will persist and serve a beacon for other haters of bitcoin like @proudhon.

You just nailed it man!!!
There is no comparison of apple with oranges likewise there is no comparison of decentralized BTC with centralized stable coins. Get your concepts right before making such comparison.

"First they call it scam, then they investigate & later they embrace it." Do you know whom I'm referring to? Yeah, you probably got it right if you are a crypto news follower. Therefore, eventually, you will regret for your saying like JP Morgan did.

Nothing nonsensical about my statements.

Prostitute politicians that are controled by private banks are trying to supress stablecoin adoption in order to preserve  private bank and central bank control on money creation.   No one in Congress is trying to siop BTC because it is an inside job. Enjoy investing in a currency that can easily be manipulated by Elon Musk or some other billonaire puppet. Stablecons = monetary decentralisation. BTC = Monetary centralisation at the hands of anonymous billionares. Who is satoshi?  could be any establishment body. BTC is nothing more than shill coin that preserves the monetary status quo. BTC has no solid fundamentals. Its just an asset to sucker in dumb money.

I looked at your post history and not surprising that you are working on a stable coin project. in short, all this rant of yours is just a front/advertisement for stable coins since you are working on one. well, in all fairness you are not the first one to do this. members here in the forum have encountered people like you. so, rant all you want people are used to nonsensical rants like this.

There is no need for cursing out, bad mouthing btc like you just came across it for the first time, you want to launch a stablecoin,  do so quietly without drama, this type of behaviour will not allow like minded investors to pay attention to your project, trying to condemn btc for your so-called stablecoin to gain traction is a waste of time, you are acting like a child.

ignored.

You're probably out of your mind OP, if bitcoin is useless then how come I made a lot of money when I sold mine when bitcoin reached around 60k? The money that I got at that time is unreal so I don't know how it's a useless coin, also your backing a stable coin, it's the same thing just different kind of faith behind that gives it's self a value.

You had to advert your stable coin on a platform that says Bitcointalk well if Bitcoin isn't backed by anything why getting cheap publicity of it, you can create a stable coin forum and try matching what this forum, which is Bitcointalk has done, how to grow a project, never take false slandering at another top crypto-currency especially Bitcoin, you didn't even give out anything about you famously backed up stable coin.

The btc comunity is not powerful compared to the billions of people who use fiat. No one is trying to stop BTC. However, the US government is trying depsperately to stop stablecoins.  Lets compare the dollar  compared to  highly volatile garbage that is only useful for speculation or being manipulated by billionaire establishment figures like Elon Musk.

Who is staoshi the pussy. Could easily be some establishment figure. Could even be an intelligence agency. That is why no governmnent is trying to stop btc. Unlike stablecoins there are no regulatory or government efforts to curb the adoption of bitcoin. Governments are focused on trying to destroy stablecoins because it democratises money creation, and destroys the control of  central banks and private banks on money creation. Bitcoin does not disrupt the monetary status quo. It preserves it.

BTC is to volatile to be used as actual currency.

Governments fear stablecoins. Evidently, that is why Janet Yellen ( US Treasury) the SEC and and the CFTC are deperately trying to draft regulations to prevent the growth of stablecoins.

Enjoy
https://www.bloomberg.com/news/articles/2021-07-19/yellen-tells-regulators-to-act-quickly-on-stablecoin-rules

Stablecoins are the future of a decentralised economy. Unlike bitcoin - a speculative currency that can easily be manipulated by billionaires and anonymous insiders.

First of all, Bitcoin is backed by the community. And this community is hugely powerful. This forum support freedom of speech and constructive discussion about Bitcoin. So you may say whatever you like if it's constructive discussion. Your post isn't backed by anything. Please describe in detail why you think Bitcoin is a worthless coin. I have answered how it's backed. I don't see any reason why a stable coin would future. I won't invest a penny in a stable coin since there is no reason. If you want to create a stable coin then go ahead, no one preventing you to do so.

Currently. A lot of empires has fallen, and many more will fall in the future. US printed 25% of all existing dollars in last year. Good luck with your stable dolar.

Average lifespan of fiat currecy is 27 years.


https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/

Yea ... hodl this sh*t that is continously going to 0. -95% so far.

You need to lay off what you're smoking it's making you say stuff that doesn't make sense. I am probably answering to a troll but you sir are one pathetic POS. You're probably poor or you don't have any crypto at all that's why you're saying that kind of stuff.

There are many who had said that long before you. Many of them also have BTC on their balance sheet.

This nonsense coin is more valuable than the money backed by a nation's economic prowess. Because not a single country can stop it from growing. They've tried to stop it but because it's much powerful, some countries instead adopted it. Not Bitcoin ETF Futures are like to be approved too.

Idiot what is bitcoin backed by? It is speculative nonsense. USD stablecoins are pegged to a currency that is backed the greatest economy in the world.

Bitcoin is a disgrace to crypto. Stablecoins  and ehereum smart contracts are the realisation of crypto's potential. Unlike bitcoin stablecoins are not created by a pussy who cannot reveal who he is. "Satoshi the pussy" realised he was troling the world when he made idiots give up actual currency to buy a speculative garbage backed by nothing.

Good luck, and also get to therapy because a lot of people must have hurt you to be this pathetic of a human being. Did you lose your wife over some dude that's more handsome and richer and well established than you? Look at the mirror man. Did you lose your money to bitcoin or a project that turned into a scam that's why you're mad about bitcoin?

Bitcoin is useless. Nothing more than a tool for speculative idiots. Satshi who?  What is bitcoin backed by? Absolutely nothing. At least fiat is backed by a nations economic prowess. We are building a new stablecoin that will be 100% backed by dollars. A currency backed by the worlds largest economy. Unlike useless bitcoin. This is the future.  Reply for more info.