Topic: is there are self regulating stable coin? (Read 1269 times)
David Zimbeck originally from Blackcoin is working on a Rolling Peg. I'm not sure which Fiat system it will be pegged to. His system could decrease volatility
a stable decentralized monetary system without or low price fluctations
if not is it possible to develop one?
- You can look at dogecoin their price remain almost same over time, fluctuate quite less and they are also decentralized.if not is it possible to develop one?
- There is USDT which is actually a cryptocurrency backed by real USD so its value always remain as 1 US dollar. However this is not a completely decentralized project.
USDT isn't the first attempt to make a cryptocurrency baked by USD, there was annother one who failed, loosing 50% of her value, which killed her.
If you want something to invest on, use either FIATs, or trusted cryptos who exists since a long time.
a stable decentralized monetary system without or low price fluctations
if not is it possible to develop one?
- You can look at dogecoin their price remain almost same over time, fluctuate quite less and they are also decentralized.if not is it possible to develop one?
- There is USDT which is actually a cryptocurrency backed by real USD so its value always remain as 1 US dollar. However this is not a completely decentralized project.
There will be actual gold on a blockchain later this year:
https://bravenewcoin.com/news/uks-royal-mint-to-sell-digital-gold/
Of course, they haven't mentioned yet what the fees are.
https://bravenewcoin.com/news/uks-royal-mint-to-sell-digital-gold/
Of course, they haven't mentioned yet what the fees are.
a stable decentralized monetary system without or low price fluctations
if not is it possible to develop one?
if not is it possible to develop one?
Try to look up for monero and you could see that the price of that coin is not moving nor flactuating well. And whats the catch for asking that? Do you have a plan to stake on stable coin? or do you want to clone a coin like that?
It might be good for you if you want to hide your money in that coin but one thing for sure that you cannot earn from that since as stated that coin doesn't have an healthy movements where traders rarely trades it since they cannot earn for trading that one.
USDT is not self-regulating and is a centralized project - it's using the Bitcoin blockchain, but that's the only aspect that differentiates it from Paypal or the "exchange tokens" ("BitfinexUSD" ...) .
The only already (relatively) successfully explored way to go is a "contract-for-difference"-like smart contract, like in BitUSD (BitShares). I'm not aware of a project that uses Bitcoin for this purpose, and I think that's because its script language is too limited. In the altcoin space there are some other projects like Steemdollar and the (plannet) Makerdao. To base it on Bitcoin, it's possible that you could build a "stablecoin" of this kind with Counterparty.
But in all these cases your currency would be pegged to an asset like a fiat currency (USD) that could fluctuate itself or become inflationary.
The only already (relatively) successfully explored way to go is a "contract-for-difference"-like smart contract, like in BitUSD (BitShares). I'm not aware of a project that uses Bitcoin for this purpose, and I think that's because its script language is too limited. In the altcoin space there are some other projects like Steemdollar and the (plannet) Makerdao. To base it on Bitcoin, it's possible that you could build a "stablecoin" of this kind with Counterparty.
But in all these cases your currency would be pegged to an asset like a fiat currency (USD) that could fluctuate itself or become inflationary.
a stable decentralized monetary system without or low price fluctations
if not is it possible to develop one?
if not is it possible to develop one?
if you want crypto curency base with blockchain and stable price without fluctuation you can use USDT
only USDT is stable price 1 USDT same one USD
another coin still fluctuation price, trader need fluctuation price can get profit
a stable decentralized monetary system without or low price fluctations
if not is it possible to develop one?
if not is it possible to develop one?
Hello anks,
Did you hear about CurrenSky?
You'd better have a look at http://blackcoin.co/
They literally created POS V3, and rat4 is a great developer. They are on pure POS now and the total coin supply is managed by the blockchain in order to maintain a 1% inflation.
I don't know for monero as people on the forum was more interested in the privacy features. As of BLK, the price was very stable for the past months, untill the reçent events on Bitcoin where he climbed like most of the altcoins. Yet they are the most stable in term of inflation controle.
They literally created POS V3, and rat4 is a great developer. They are on pure POS now and the total coin supply is managed by the blockchain in order to maintain a 1% inflation.
I don't know for monero as people on the forum was more interested in the privacy features. As of BLK, the price was very stable for the past months, untill the reçent events on Bitcoin where he climbed like most of the altcoins. Yet they are the most stable in term of inflation controle.
the point is to make a safe asset.
the fiat money system is not safe.
how about making a crypto similiar to the fiat system as crisis management, when the old fiat system breaks down.
other cryptos are too volatile and when there would be no money to fincance the miners cryptos would go down, too?
no computing capacity or energy would drop the course same as the fiat system.
thats why i thought about a stable cryptocurrency that is self regulating like a bank
the bank itself follows its algorhythm so no humans behind a bank and no corruption.
a stable decentralized monetary system without or low price fluctations
if not is it possible to develop one?
if not is it possible to develop one?
Price fluctuation against what? Even USD fluctuates against EUR, JPY or XAU.
There's USDT (Tether) which, from what I know, is pegged to USD price, maybe this is what you are looking for. https://tether.to/faqs/
I am not sure about its decentralization, you may have to do some homework
I seriously don't think that he is decentralized, because else they wouldn't be able to controle the price. It is like ripple, and the unique purpose of this coin is to serve as a counterparty of USD for cryptocurrencies.
In reality it fluctuates when USD fluctuates, but not against Bitcoin, this is why it is getting the attention of traders, but be warned that it is not a fixed state, as i remeber that last year they fluctuated a lot. And it is not the first fixed price crypto, they all fluctuate in the end so beware.
a stable decentralized monetary system without or low price fluctations
if not is it possible to develop one?
if not is it possible to develop one?
Price fluctuation against what? Even USD fluctuates against EUR, JPY or XAU.
There's USDT (Tether) which, from what I know, is pegged to USD price, maybe this is what you are looking for. https://tether.to/faqs/
I am not sure about its decentralization, you may have to do some homework
You'd better have a look at http://blackcoin.co/
They literally created POS V3, and rat4 is a great developer. They are on pure POS now and the total coin supply is managed by the blockchain in order to maintain a 1% inflation.
I don't know for monero as people on the forum was more interested in the privacy features. As of BLK, the price was very stable for the past months, untill the reçent events on Bitcoin where he climbed like most of the altcoins. Yet they are the most stable in term of inflation controle.
They literally created POS V3, and rat4 is a great developer. They are on pure POS now and the total coin supply is managed by the blockchain in order to maintain a 1% inflation.
I don't know for monero as people on the forum was more interested in the privacy features. As of BLK, the price was very stable for the past months, untill the reçent events on Bitcoin where he climbed like most of the altcoins. Yet they are the most stable in term of inflation controle.
a stable decentralized monetary system without or low price fluctations
if not is it possible to develop one?
if not is it possible to develop one?
Try to look up for monero and you could see that the price of that coin is not moving nor flactuating well. And whats the catch for asking that? Do you have a plan to stake on stable coin? or do you want to clone a coin like that?
It might be good for you if you want to hide your money in that coin but one thing for sure that you cannot earn from that since as stated that coin doesn't have an healthy movements where traders rarely trades it since they cannot earn for trading that one.
a stable decentralized monetary system without or low price fluctations
if not is it possible to develop one?
if not is it possible to develop one?
Jump to: