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Topic: Im big fan of stable coins and this is what I think (Read 1131 times)

legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
~ I think in the future people are going to trust decentralized platforms only, and the governments that aren't okay with their people's demands won't survive.
Government dont their own!!
All they need to do is to regulate USDT.
So Simple!! 
They can Say USDT is legit now we accept it.
It seems to me that most of you have not understood how the life works.

Well, maybe life works differently in different countries. Governments can't do anything they want in countries with high Democracy Index, and there will be more and more such countries in the future.

~ For me, stable coins are like fiat currency that has been made into a digital currency.

That's what I think too. But I don't mind reading a good text showing the difference, or at least trying to show it.
member
Activity: 1260
Merit: 21
For me, I'm not a big fan of stablecoins because they are dollar-pegged coins. I don't think the government will ever support any of the available Stablecoins because the government wants total control over its own cryptocurrency. Unless if they can fork one of the available stablecoins based on certain agreements. I'll only use the stablecoin to get out of the market when I feel like the market is not looking healthy.    
Agreed. That is the only reason I deal with stable Coins to get out of the market or save my investment when the market is going down. I don't understand how some investors will thin that the government will support stable coins because for now we know most government don't want cryptocurrency because they don't have full control over it and I believe until they do, crypto will continue to be an anomaly to them.
hero member
Activity: 1484
Merit: 547
Pugs are the best!
Government dont want Control, Government serve People who are wealthy Government are protecting wealthy People just.
If you be right time on  right place with right actions sure you want to stay wealthy.
So you the first adopter of stable coin will be successful.
You need to be Financial well then no matter what Government does it.

That doesn't make rational sense.  You don't get wealthy by merely adopting stablecoins.  You could only potentially increase your wealth by gambling with them by attempting to buy other coins with them that might increase versus the value of the stablecoin.  But at the same token, you can also lose wealth doing that.  Simply holding stablecoins doesn't do squat.
We as you know you get stable coins when btc or alts going up and you sell it.
What do you mean? Holding other crypto doesn't entitle you to receive or get any stable coin. Also, holding stable coins won't produce any profit in the long run as the name states already, they are stable coins.

The only thing that I agree about you is the potential of stable coins to be adopted by the government and banks. Bitcoin and other crypto volatility is one of the reason why I don't see them to be use or adopted by the government unlike stable coins. For me, stable coins are like fiat currency that has been made into a digital currency.
member
Activity: 322
Merit: 14
Government dont want Control, Government serve People who are wealthy Government are protecting wealthy People just.
If you be right time on  right place with right actions sure you want to stay wealthy.
So you the first adopter of stable coin will be successful.
You need to be Financial well then no matter what Government does it.

That doesn't make rational sense.  You don't get wealthy by merely adopting stablecoins.  You could only potentially increase your wealth by gambling with them by attempting to buy other coins with them that might increase versus the value of the stablecoin.  But at the same token, you can also lose wealth doing that.  Simply holding stablecoins doesn't do squat.


We as you know you get stable coins when btc or alts going up and you sell it.
legendary
Activity: 3724
Merit: 3063
Leave no FUD unchallenged
Government dont want Control, Government serve People who are wealthy Government are protecting wealthy People just.
If you be right time on  right place with right actions sure you want to stay wealthy.
So you the first adopter of stable coin will be successful.
You need to be Financial well then no matter what Government does it.

That doesn't make rational sense.  You don't get wealthy by merely adopting stablecoins.  You could only potentially increase your wealth by gambling with them by attempting to buy other coins with them that might increase versus the value of the stablecoin.  But at the same token, you can also lose wealth doing that.  Simply holding stablecoins doesn't do squat.
member
Activity: 322
Merit: 14
For me, I'm not a big fan of stablecoins because they are dollar-pegged coins. I don't think the government will ever support any of the available Stablecoins because the government wants total control over its own cryptocurrency. Unless if they can fork one of the available stablecoins based on certain agreements. I'll only use the stablecoin to get out of the market when I feel like the market is not looking healthy.    


Government dont want Control, Government serve People who are wealthy Government are protecting wealthy People just.
If you be right time on  right place with right actions sure you want to stay wealthy.
So you the first adopter of stable coin will be successful.
You need to be Financial well then no matter what Government does it.
full member
Activity: 518
Merit: 104
PUFFY FINANCE
For me, I'm not a big fan of stablecoins because they are dollar-pegged coins. I don't think the government will ever support any of the available Stablecoins because the government wants total control over its own cryptocurrency. Unless if they can fork one of the available stablecoins based on certain agreements. I'll only use the stablecoin to get out of the market when I feel like the market is not looking healthy.    
member
Activity: 322
Merit: 14
So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins Smiley
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too Smiley

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies
What you have just said now is something you can do with fiat, you can lend the money and get a percentage later, it’s just like a normal thing that people does. But, as for the government making use of the Ethereum platform and adopting stablecoins here, that’s not going to happen and you know that right? It’s never going to happen.

If the government has plans of creating a cryptocurrency (stablecoins) they are going to do so by making use of their own blockchain and not the ones that are available and decentralized. The government will prefer to make use of a platform that they have full control over it.

In that case how it will be different from fiat money? Will people trust it? I think in the future people are going to trust decentralized platforms only, and the governments that aren't okay with their people's demands won't survive.


Government dont their own!!
All they need to do is to regulate USDT.
So Simple!! 
They can Say USDT is legit now we accept it.
It seems to me that most of you have not understood how the life works.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins Smiley
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too Smiley

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies
What you have just said now is something you can do with fiat, you can lend the money and get a percentage later, it’s just like a normal thing that people does. But, as for the government making use of the Ethereum platform and adopting stablecoins here, that’s not going to happen and you know that right? It’s never going to happen.

If the government has plans of creating a cryptocurrency (stablecoins) they are going to do so by making use of their own blockchain and not the ones that are available and decentralized. The government will prefer to make use of a platform that they have full control over it.

In that case how it will be different from fiat money? Will people trust it? I think in the future people are going to trust decentralized platforms only, and the governments that aren't okay with their people's demands won't survive.
hero member
Activity: 2408
Merit: 584
So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins Smiley
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too Smiley

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies
What you have just said now is something you can do with fiat, you can lend the money and get a percentage later, it’s just like a normal thing that people does. But, as for the government making use of the Ethereum platform and adopting stablecoins here, that’s not going to happen and you know that right? It’s never going to happen.

If the government has plans of creating a cryptocurrency (stablecoins) they are going to do so by making use of their own blockchain and not the ones that are available and decentralized. The government will prefer to make use of a platform that they have full control over it.
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins Smiley
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too Smiley

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies


Even you brought of stable coin, you need to keep patience in all spere.Even though the stable coin will no make a huge changes. You can inverse at the dump of the coin.Many coin was pumped up and dump in a short period. So don't think for long, just inverse your money to earn from it.

You can use it this way and earn with the volatile market like this, buy stable coin then find good assets that have very solid
fundamentals, wait for the dump then buy.

After some weeks or months the project will pump and your money will bring you decent profits, sell it back to stable coin
and keep repeating this setup you'll see much better outcome..
sr. member
Activity: 2436
Merit: 272
Hire Bitcointalk Camp. Manager @ r7promotions.com
They cannot print money easily as the value of their currency will go low, Try to research it and you will know more answer about what you said. And also governmemt need our money thats why they ask for tax so that they have money to use for certain planned projects.

I wonder how @cryptoboss could ask government to lend his money to them 😀. World Bank is already there and other big countries who are willing to give loan to small countries.
They cannot print easily because they need a reason, last year US printed more money than how much fiat was printed for the whole two decades. But they cannot keep printing which will result into hyperinflation that is why government keeps the inflation rate under 6% for a normal year.
You might think like that, but people were worried about these printings as well and yet they did it and there is no hyperinflation. Hyperinflation would happen if the money you spend would become useless and just saved at the banks of the people, reality is that we have a lot of people spending that, as long as the money is in the circulation there is no problem, if there is a "need" for the money there is no problem at all.

This is why I think there is nothing wrong with this. There is a big deal about this, who knows what will happen with the money printed there, but I do not think that USDT or others are nearly there, they are capable of printing much more, look how much they grew from last year, BUSD wasn't even a thing people considered and now it is in billions and USDT was under 10 billion if I am not wrong whereas now it is God knows how much.
Actually governments are supposed to prints money only if they have equal amount on their reserve but it was changed later. Maybe you don't see the hyperinflation even though they printed a lot but surely the inflation increases and the purchasing power decreases which means the price of good are on the rise from 2020.

sr. member
Activity: 1176
Merit: 252
So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins Smiley
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too Smiley

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies


Even you brought of stable coin, you need to keep patience in all spere.Even though the stable coin will no make a huge changes. You can inverse at the dump of the coin.Many coin was pumped up and dump in a short period. So don't think for long, just inverse your money to earn from it.
full member
Activity: 896
Merit: 104
The Standard Protocol - Solving Inflation
So the government will collect and mint stable coins like USDT USDC amd Other currencies like eur and gbp use it ethereum platform.

Next they will lend out the stable coins Smiley
And if we Buy Now or hold stable coins we will make good roi as we could lend out our stable coins too Smiley

I see this is coming ill hodle hard USDC.
So anyone could be the banker and lend others the stable coins who dont have them as world will go full in stable currencies


I do not understand how you came about your idea but I cannot help wonder how possible this is. I do not think it is possible to hold stable coins like the USDT and expect to have it increase in value in hopes of making profits.
Stable coins are called stable coins because they are pegged to the value of a dollar and do not have the potential to lose or increase in value. They are only necessary to protect your money in case of a bearish trend.
member
Activity: 322
Merit: 14
They cannot print money easily as the value of their currency will go low, Try to research it and you will know more answer about what you said. And also governmemt need our money thats why they ask for tax so that they have money to use for certain planned projects.

I wonder how @cryptoboss could ask government to lend his money to them 😀. World Bank is already there and other big countries who are willing to give loan to small countries.
They cannot print easily because they need a reason, last year US printed more money than how much fiat was printed for the whole two decades. But they cannot keep printing which will result into hyperinflation that is why government keeps the inflation rate under 6% for a normal year.
You might think like that, but people were worried about these printings as well and yet they did it and there is no hyperinflation. Hyperinflation would happen if the money you spend would become useless and just saved at the banks of the people, reality is that we have a lot of people spending that, as long as the money is in the circulation there is no problem, if there is a "need" for the money there is no problem at all.

This is why I think there is nothing wrong with this. There is a big deal about this, who knows what will happen with the money printed there, but I do not think that USDT or others are nearly there, they are capable of printing much more, look how much they grew from last year, BUSD wasn't even a thing people considered and now it is in billions and USDT was under 10 billion if I am not wrong whereas now it is God knows how much.



Usdt is money! 
Until its in wallet.
sr. member
Activity: 1848
Merit: 328
They cannot print money easily as the value of their currency will go low, Try to research it and you will know more answer about what you said. And also governmemt need our money thats why they ask for tax so that they have money to use for certain planned projects.

I wonder how @cryptoboss could ask government to lend his money to them 😀. World Bank is already there and other big countries who are willing to give loan to small countries.
They cannot print easily because they need a reason, last year US printed more money than how much fiat was printed for the whole two decades. But they cannot keep printing which will result into hyperinflation that is why government keeps the inflation rate under 6% for a normal year.
You might think like that, but people were worried about these printings as well and yet they did it and there is no hyperinflation. Hyperinflation would happen if the money you spend would become useless and just saved at the banks of the people, reality is that we have a lot of people spending that, as long as the money is in the circulation there is no problem, if there is a "need" for the money there is no problem at all.

This is why I think there is nothing wrong with this. There is a big deal about this, who knows what will happen with the money printed there, but I do not think that USDT or others are nearly there, they are capable of printing much more, look how much they grew from last year, BUSD wasn't even a thing people considered and now it is in billions and USDT was under 10 billion if I am not wrong whereas now it is God knows how much.
sr. member
Activity: 2436
Merit: 272
Hire Bitcointalk Camp. Manager @ r7promotions.com
They cannot print money easily as the value of their currency will go low, Try to research it and you will know more answer about what you said. And also governmemt need our money thats why they ask for tax so that they have money to use for certain planned projects.

I wonder how @cryptoboss could ask government to lend his money to them 😀. World Bank is already there and other big countries who are willing to give loan to small countries.
They cannot print easily because they need a reason, last year US printed more money than how much fiat was printed for the whole two decades. But they cannot keep printing which will result into hyperinflation that is why government keeps the inflation rate under 6% for a normal year.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
Hello, I still do not understand the mechanism by which bitcoin or ethereum, or any other virtual currency, increases or decreases the price / value
Its sell and buy orders on Exchangers.
Thats how
Bigger demand bigger price.
But if people who got a lot cash they Control

At this point too much "cash" is needed to control BTC price, and even Elon Musk, who can buy 100M troy ounces of gold with his net worth, can't control the price of Bitcoin. While with stable coins, well, it's a bit easier.
hero member
Activity: 2520
Merit: 783
The only good thing we can get on stable coin is that reasons about being safe from the dump if market crash but what happen if we are bullish the same what happen these year? We are left out and doesn't earn anything for staking stable coins. This is one of the reason why I choose to use this sometimes just only for my trades since I want to earn by volatility and good market strikes for using volatile coins like bitcoin also with ethereum.

your going to feel sorry if you traded all your volatile cryptos unto stable coins when the market pumps because you are not going to earn even a single cents but unless if you follow what the op advices which is your going to lend out your stable coins to the people that are in need  .

 lending is a nice business tho indeed but you should be careful from lending your coins and lend only to those who you think are trusted and has a nice collateral  . if your a trader stable coins are still uselful with you if you know how to use them wisely .


Lol...  What You Think??
Im Going to lend only with guarnties.
I lend to governments and to make sure they back the governments have rulers who will either gives Land or other valueble assets.
Thats how it works men!
Government don't need our money, they can print their own because you are talking about a stable centralized crypto which is having the same value as the fiat money is having.

They cannot print money easily as the value of their currency will go low, Try to research it and you will know more answer about what you said. And also governmemt need our money thats why they ask for tax so that they have money to use for certain planned projects.

I wonder how @cryptoboss could ask government to lend his money to them 😀. World Bank is already there and other big countries who are willing to give loan to small countries.
sr. member
Activity: 2436
Merit: 272
Hire Bitcointalk Camp. Manager @ r7promotions.com
The only good thing we can get on stable coin is that reasons about being safe from the dump if market crash but what happen if we are bullish the same what happen these year? We are left out and doesn't earn anything for staking stable coins. This is one of the reason why I choose to use this sometimes just only for my trades since I want to earn by volatility and good market strikes for using volatile coins like bitcoin also with ethereum.

your going to feel sorry if you traded all your volatile cryptos unto stable coins when the market pumps because you are not going to earn even a single cents but unless if you follow what the op advices which is your going to lend out your stable coins to the people that are in need  .

 lending is a nice business tho indeed but you should be careful from lending your coins and lend only to those who you think are trusted and has a nice collateral  . if your a trader stable coins are still uselful with you if you know how to use them wisely .


Lol...  What You Think??
Im Going to lend only with guarnties.
I lend to governments and to make sure they back the governments have rulers who will either gives Land or other valueble assets.
Thats how it works men!
Government don't need our money, they can print their own because you are talking about a stable centralized crypto which is having the same value as the fiat money is having.
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