Im big fan of stable coins and this is what I think - page 6.

Silberman

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Quote from: cryptoboss2020 on December 09, 2020, 11:11:37 AM

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

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

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

Governments have fought to get complete control of the money supply and you think they are going to use a stable coin willingly instead of just creating their own tokens themselves? I do not see it, they will create their own coins and in many cases I see them attacking stable coins since they will be a direct competition against their coins and also because it is easy to attack them, as those coins are controlled by centralized entities unlike what happens in the case of bitcoin.

Princejebs

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Quote from: cryptoboss2020 on December 09, 2020, 11:11:37 AM

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

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

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

Why would you invest in stable, it's just like holding your normal physical money or lending it to a friend so in future you get some little interest.
I believe visa will be rolling out usdc fiat to united state citizens since they are back by famous coinbase, making purchase as fiat through their platform would be nice but holding it in form of staking for long time or lending it is waste of time and resources. Hold Bitcoin, it wouldn't bite you.

bekti3

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do you think this will work? yeah, I think go ahead if you insist on this being enacted en masse by the banks.
I am personally not interested in your strategy, maybe you will be fantasizing a lot lately. just try it, it might have a point, if in your own country. not for other countries

dothebeats

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Cashback 15%

Stable coins are pretty much fiat currencies with limited use-cases today, much of which revolves around exchanges and that’s about it. I don’t think it’s a good investment per se as it’s pretty much something that you use other crypto and not other things. The future you are envisioning is far from happening considering that governments themselves can mint their own stable coins and not rely from these established ones already. Simply put, don’t go all in on stablecoins. Your options are pretty limited honestly.

logicrypto

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I don't know why you think that Stable coins are a good investment...
If Fiat currencies collapse then stable coins will also have a problem are they are backed by fiat currencies.
It is a great instrument if you are active in trading but personally I don't think that it is a good investment tool...

cryptoboss2020

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Quote from: Sterbens on December 10, 2020, 12:35:02 PM

Quote from: cryptoboss2020 on December 09, 2020, 12:40:27 PM

Becouse this is what i would do if im government.
And i belive its a best move on the chess board as life is like game of chess.

yes if you are a government official, if not?
unless you are in the ministerial line and the Biden cabinet, maybe that could happen. It is not enough to just hope for a stable coin, if you only live at home and have no influence in any government.

lol

Sterbens

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Duelbits.com

Quote from: cryptoboss2020 on December 09, 2020, 12:40:27 PM

Becouse this is what i would do if im government.
And i belive its a best move on the chess board as life is like game of chess.

yes if you are a government official, if not?
unless you are in the ministerial line and the Biden cabinet, maybe that could happen. It is not enough to just hope for a stable coin, if you only live at home and have no influence in any government.

DooMAD

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Leave no FUD unchallenged

Quote from: cryptoboss2020 on December 09, 2020, 12:40:27 PM

I also try think logically wich is my strenght

That's certainly one way of saying "my ideas make sense to me, even if they make zero sense to anyone else". Roll Eyes

Just because you can envision a fantasy scenario where governments adopt stablecoins, that means nothing to the cold, hard light of reality. Stating that you think your dreams will come true without providing any evidence to substantiate such an assertion isn't generally considered logical.

Quote from: cryptoboss2020 on December 09, 2020, 12:40:27 PM

this is what i would do if im government.

Okay, but you're not. At least, I hope you're not. What you are proposing could easily ruin an entire nation. Stablecoins are COMPANIES. Private wealth. Meaning someone controls that wealth. If you effectively place that person in a position of major influence over your national economy, some might say that would be an incredibly foolish thing to do.

Please take a break from posting opinions based on nothing more than a vivid imagination. Instead, try asking questions. You'll learn more that way.

bitbollo

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Nec Recisa Recedit

if not emitted by a central bank authority a stable coins is just a private token.
Actually there is not any stable coin emitted by central bank.. and 1 usd = 1 usd even if virtual or in paper. I am not sure that your strategy can really work...

cryptoboss2020

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Quote from: thesmallgod on December 09, 2020, 12:25:48 PM

I am just curious to know where you get such believe that the government will mint stablecoin which we all know that stablecoin are being developed by individuals just like other crypto asset. And even if this is possible, how do you earn by holding stablecoin that has values that is pegged to USD. Maybe you think you will lend the government your coin and earn return in profit when you already stated that that can mint the stablecoin. In as much as i like stablecoin because it provide means through which we can minimize our lost when crypto market goes down. It also has it own cons since they are centralized asset which mean they can be subject to regulation easily which might even result on loss of asset in case it is being ban by the government

Becouse this is what i would do if im government.
And i belive its a best move on the chess board as life is like game of chess.

Stable coins are the next move this what i think
I also try think logically wich is my strenght

thesmallgod

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I am just curious to know where you get such believe that the government will mint stablecoin which we all know that stablecoin are being developed by individuals just like other crypto asset. And even if this is possible, how do you earn by holding stablecoin that has values that is pegged to USD. Maybe you think you will lend the government your coin and earn return in profit when you already stated that that can mint the stablecoin. In as much as i like stablecoin because it provide means through which we can minimize our lost when crypto market goes down. It also has it own cons since they are centralized asset which mean they can be subject to regulation easily which might even result on loss of asset in case it is being ban by the government

amishmanish

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Stablecoins from trusted third parties like Tether etc. have been great for bitcoin and crypto in general because of the easy ramp-on and ramp-off from fiat. Yet, there workings aren't really transparent and there is as much "proof" and "backing" to these stablecoins as any other fiat currency can have in the time of central banks and fractional reserve. So Governments leaving their own systems and using any of these existing stablecoins is out of the question.

If you or someone else actually wants to be a "lender", you can do it way more easily with BTC. BTC is tradeable to every imaginable alt-coin. There are multiple Alt-coins that allow you to earn from lending or providing liquidity. Using Stablecoins for that same purpose is just lazy.

cryptoboss2020

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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

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

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

Topic: Im big fan of stable coins and this is what I think - page 6. (Read 1154 times)