Good question here | Bitcointalksearch.org

ruskytailz02

full member

Activity: 289

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Quote from: thinklab71 on January 27, 2018, 07:19:32 PM

I am looking to make a coin that the price does not change like all coins. it needs a stable price, the catch is, this will need to be 100% decentralized from start to finish.

Any ideas?

Tether USD I think is the one that coin just exchanging 1:1 haha.
it is hard for that to grow and your like making a clone of tether
the thing is cryptocurrencies price was unstable and very volatile and we all knew that. whales canmanipulate it and or to those pump and dump groups hahah
trust me it is hard to do that stable especially cryptos but if you do one let me know hehe Wink

lovemsngr

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Easy to say, but hard to do) I think you'll need a development team with programmers and managers, at least..

ycoin123

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Quote from: thinklab71 on January 27, 2018, 07:19:32 PM

I am looking to make a coin that the price does not change like all coins. it needs a stable price, the catch is, this will need to be 100% decentralized from start to finish.

Any ideas?

TETHER

DigixDAO

OROCOIN

johnyespapa

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Quote from: thinklab71 on January 27, 2018, 07:19:32 PM

I am looking to make a coin that the price does not change like all coins. it needs a stable price, the catch is, this will need to be 100% decentralized from start to finish.

Any ideas?

I didnt get your point?!you want to start to develop a coin which price doesnt change like a fiat but you want it to be decentralized?it seems impossible a decentralized coin will always habee fluctuations even a centralized cryptocurrency like ripple fluctuates.I dont really understand your goal so please englighten me.

Arngrim

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It is going to be hard.
There is a market out there my friend. They aant everything to have a value and you are creating a currency or as other tells it will be like a commodity valued with fiat.

The decentralized part is also a problem now. It is already happening, the government wants to have a part of it.

aeternus

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Quote from: thinklab71 on January 27, 2018, 07:19:32 PM

I am looking to make a coin that the price does not change like all coins. it needs a stable price, the catch is, this will need to be 100% decentralized from start to finish.

Any ideas?

It depends on what you mean by a stable price, you mean that the price does not move at all? Or the price moves but not as much? You will need to back your coin with something but if choose gold or silver your coin will move like gold or silver, so you will need to use fiat to back your coin and that will be the same as Tether, so I do not see anything new in such a coin.

choychifung

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Quote from: olushakes on January 27, 2018, 08:36:08 PM

Quote from: thinklab71 on January 27, 2018, 07:19:32 PM

I am looking to make a coin that the price does not change like all coins. it needs a stable price, the catch is, this will need to be 100% decentralized from start to finish.

Any ideas?

You will have to look far because I have not seen any coin like that one of the things that attract people to a coin is its volatility that is what gives the potential of profit for it to be traded by market participants. And come to think of it, when the price of a coin does not change for a long time, it is bound to be delisted anytime soon from the exchange sites and when that happen, it is gradually losing its status that might mean the end very soon.

These are great answers. Maybe not for the topics. But explained the real world how currencies function with each others. I think the users are the true value of the cryptocurrency. Price up and down can get more users involved.

olushakes

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Quote from: thinklab71 on January 27, 2018, 07:19:32 PM

I am looking to make a coin that the price does not change like all coins. it needs a stable price, the catch is, this will need to be 100% decentralized from start to finish.

Any ideas?

You will have to look far because I have not seen any coin like that one of the things that attract people to a coin is its volatility that is what gives the potential of profit for it to be traded by market participants. And come to think of it, when the price of a coin does not change for a long time, it is bound to be delisted anytime soon from the exchange sites and when that happen, it is gradually losing its status that might mean the end very soon.

btctalker77

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If a coin is decentralized and it trades freely, it will move in value according to the market forces of supply and demand.

Only something artificially pegged to the dollar can be stable, but this cannot be decentralized.

Even fiat currencies would move like crazy if there were not Central Banks to manipulate the price.

Free markets are volatile, but they work better than any other alternative.

thinklab71

copper member

Activity: 183

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Yes but my question is by doing that, does it take away the decentralized aspect?

Quote from: ?? on ??

There are quite a few stablecoin projects under development - MakerDAO(https://makerdao.com/), Basecoin(http://www.getbasecoin.com/), Carbon(http://www.carbon.money/) etc.
This posts offers a good overview of Stablecoins - https://multicoin.capital/2018/01/17/an-overview-of-stablecoins/ . You might find it helpful.

thinklab71

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Yes but please correct me if I am wrong, Tether is not decentralized because they hold funds according to how I see their balances

wuclx

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Your idea isn't new, e.g. there was an article about this topic on Coindesk recently: https://www.coindesk.com/makerdao-quest-stable-stablecoin-continues/

thinklab71

copper member

Activity: 183

Merit: 10

hmmm,

How can that happen? how do they keep the price the same if the coin supply are increasing?

Quote from: lobo13hf on January 27, 2018, 07:42:22 PM

Quote from: thinklab71 on January 27, 2018, 07:19:32 PM

I am looking to make a coin that the price does not change like all coins. it needs a stable price, the catch is, this will need to be 100% decentralized from start to finish.

Any ideas?

Are you wanna creating such the same clone as tether? because tether is the only one that has stable price and it will be forever. My thought that you can try to see what already did by tether and how tether developer can make the price of tether is really stable. But the non sense thing is tether supply is increasing a lot in this time but the price is also stable.

lobo13hf

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Activity: 2268

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Quote from: thinklab71 on January 27, 2018, 07:19:32 PM

I am looking to make a coin that the price does not change like all coins. it needs a stable price, the catch is, this will need to be 100% decentralized from start to finish.

Any ideas?

Are you wanna creating such the same clone as tether? because tether is the only one that has stable price and it will be forever. My thought that you can try to see what already did by tether and how tether developer can make the price of tether is really stable. But the non sense thing is tether supply is increasing a lot in this time but the price is also stable.

thinklab71

copper member

Activity: 183

Merit: 10

I am looking to make a coin that the price does not change like all coins. it needs a stable price, the catch is, this will need to be 100% decentralized from start to finish.

Any ideas?

Topic: Good question here (Read 242 times)