looking for eur stable currency developer idea - page 2.

cryptoboss2020

member

Activity: 322

Merit: 14

Quote from: bitmover on November 22, 2020, 07:59:19 AM

Quote from: cryptoboss2020 on November 22, 2020, 07:51:27 AM

So I can tell to coinbase take my stable currency.
I make money they make money
Simple!!
Why we over complecate??

Coinbase won't accept your stable currency, because when you Run away with other people money their reputation will go to down with it.

You cannot print money out of thin air (unless you are a bank or a government, which you are not).

And as you are not capable or backing up 1:1 of your stable coin, you will likely scam everyone who deals with it.

Why I run Away If I can make money Long term?
Why bother with 1 milion, If can make daily milion?

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: cryptoboss2020 on November 22, 2020, 07:51:27 AM

So I can tell to coinbase take my stable currency.
I make money they make money
Simple!!
Why we over complecate??

Coinbase won't accept your stable currency, because when you Run away with other people money their reputation will go to down with it.

You cannot print money out of thin air (unless you are a bank or a government, which you are not).

And as you are not capable or backing up 1:1 of your stable coin, you will likely scam everyone who deals with it.

cryptoboss2020

member

Activity: 322

Merit: 14

Quote from: bitmover on November 20, 2020, 10:30:17 PM

Quote from: cryptoboss2020 on November 19, 2020, 05:28:30 PM

Quote from: LoyceV on November 19, 2020, 01:53:16 PM

A stable coin is stable because it's backed by fiat currency. Unlike shittokens, you can't just create it out of thin air and give it a stable value.

Tether currently has a market cap above 18 billion dollars. That should mean the creator holds more than 18 billion dollars in a bank somewhere. According to Wikipedia, a year and a half ago each coin was backed by $0.74. If that ratio is still the same, there's almost 5 billion dollars of "air" in it now. I can't believe people still use it!
So who knows, if you can hype your euroshitcoin, you might actually get away with it too!

everyhting is possble if you hype the coin but i need developer it cant be that hard to make it i think few days and its done.
then first talk with excngers...like how many coins you want add my coin ,once coin is listed on excngers like binance then boom thats it !

Stable coins are based in trust.

People pay 1 USD for each USDT (or USDC) because the market trusts Bitifinex/Coinbase are going to pay 1 USD for each for those coins.

As you already said you have no money and you cannot pay anyone, nobody is going to pay anything for your token. Nobody trusts that you are going to pay back 1 mi USD if I give you 1 mi of your shitcoin. (because you can't pay)

It is that simple.

So I can tell to coinbase take my stable currency.
I make money they make money
Simple!!
Why we over complecate??

AltcoinBuilder

copper member

Activity: 85

Merit: 5

why someone use your stable coin? if you have good reason, then your idea would be success.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: cryptoboss2020 on November 19, 2020, 05:28:30 PM

Quote from: LoyceV on November 19, 2020, 01:53:16 PM

A stable coin is stable because it's backed by fiat currency. Unlike shittokens, you can't just create it out of thin air and give it a stable value.

Tether currently has a market cap above 18 billion dollars. That should mean the creator holds more than 18 billion dollars in a bank somewhere. According to Wikipedia, a year and a half ago each coin was backed by $0.74. If that ratio is still the same, there's almost 5 billion dollars of "air" in it now. I can't believe people still use it!
So who knows, if you can hype your euroshitcoin, you might actually get away with it too!

everyhting is possble if you hype the coin but i need developer it cant be that hard to make it i think few days and its done.
then first talk with excngers...like how many coins you want add my coin ,once coin is listed on excngers like binance then boom thats it !

Stable coins are based in trust.

People pay 1 USD for each USDT (or USDC) because the market trusts Bitifinex/Coinbase are going to pay 1 USD for each for those coins.

As you already said you have no money and you cannot pay anyone, nobody is going to pay anything for your token. Nobody trusts that you are going to pay back 1 mi USD if I give you 1 mi of your shitcoin. (because you can't pay)

It is that simple.

Insanerman

sr. member

Activity: 1162

Merit: 450

Quote from: cryptoboss2020 on November 19, 2020, 05:28:30 PM

Quote from: LoyceV on November 19, 2020, 01:53:16 PM

A stable coin is stable because it's backed by fiat currency. Unlike shittokens, you can't just create it out of thin air and give it a stable value.

Tether currently has a market cap above 18 billion dollars. That should mean the creator holds more than 18 billion dollars in a bank somewhere. According to Wikipedia, a year and a half ago each coin was backed by $0.74. If that ratio is still the same, there's almost 5 billion dollars of "air" in it now. I can't believe people still use it!
So who knows, if you can hype your euroshitcoin, you might actually get away with it too!

everyhting is possble if you hype the coin but i need developer it cant be that hard to make it i think few days and its done.
then first talk with excngers...like how many coins you want add my coin ,once coin is listed on excngers like binance then boom thats it !!

Do you really have any idea how crypto and the market works? LoyceV is right, it wasn't just a simple development and marketing strategy that makes a coin stable, it's what lies behind it. Also, you don't give exchangers your token, you list it to them by communicating and having a deal! This isn't a game of developing coins with dozens of digits and relies on investor to give it a value and be stable. You really sound like an aspiring project CEO, but for a shitcoin that only wants to gain profit from investors

Husires

legendary

Activity: 1596

Merit: 1288

You cannot create a pegged or stablecoin model without having enough market capacity to be ready.
Because as soon as your price becomes volatile, the account will collapse and he will lose part of his followers because he appeared naked in one of the series.

The idea is to make a stable, decentralized currency, but there are not enough people who know how to deal.

cryptoboss2020

member

Activity: 322

Merit: 14

Quote from: LoyceV on November 19, 2020, 01:53:16 PM

A stable coin is stable because it's backed by fiat currency. Unlike shittokens, you can't just create it out of thin air and give it a stable value.

Tether currently has a market cap above 18 billion dollars. That should mean the creator holds more than 18 billion dollars in a bank somewhere. According to Wikipedia, a year and a half ago each coin was backed by $0.74. If that ratio is still the same, there's almost 5 billion dollars of "air" in it now. I can't believe people still use it!
So who knows, if you can hype your euroshitcoin, you might actually get away with it too!

everyhting is possble if you hype the coin but i need developer it cant be that hard to make it i think few days and its done.
then first talk with excngers...like how many coins you want add my coin ,once coin is listed on excngers like binance then boom thats it !!

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

A stable coin is stable because it's backed by fiat currency. Unlike shittokens, you can't just create it out of thin air and give it a stable value.

Tether currently has a market cap above 18 billion dollars. That should mean the creator holds more than 18 billion dollars in a bank somewhere. According to Wikipedia, a year and a half ago each coin was backed by $0.74. If that ratio is still the same, there's almost 5 billion dollars of "air" in it now. I can't believe people still use it!
So who knows, if you can hype your euroshitcoin, you might actually get away with it too!

Joel_Jantsen

legendary

Activity: 1988

Merit: 1317

Get your game girl

This guy makes it look like sign-up on his business and you will make millions within the snap of a finger. This also looks like a scam project down the line. Well, not sure if it's even a project. He has absolutely no idea what he is talking about.

"all I need is a developer I will take care of the rest " - No you wouldn't! The developer will probably end up wasting his time.

cryptoboss2020

member

Activity: 322

Merit: 14

We give exchangers our currency for free !!
And give out free airdrops

If I give you to binance like 100 mil of our currency to use cm on..
Everything and Everybody has price!

Insanerman

sr. member

Activity: 1162

Merit: 450

Do you have any idea how the market works? That wasn't just that easy that you can make a token that will be tethered to a fiat currency to be stable, and make yourself multibillionaire out of it WITHOUT CAPITAL. Yes, you can earn if your platform and idea would be as innovative and useful as possible. But keep in mind that HAVING PROFIT being as your primary objective in making a project wouldn't make you success at all, you wouldn't even have any loyal investors. Also, not because a project can gain huge demand would mean that it will sky rocket, you never knew dumping dont you?

Overall, I don't see any 'innovative and useful' ideas here, nor any importance of making two same threads in a single board. I only see profit-seeking objective Roll Eyes

cryptoboss2020

member

Activity: 322

Merit: 14

looking for eur stable currency developer

the plan: we create about 10 mil of worthed eur stable currency then we will do big air drop.
decentralized and liberty like currency

or maybe even few billions...so the sky is a limit

just own imagination

i dont have any capital the developer can get 5mil for his salary, after he have done the job so 50% deal 50% for you and 50% for me.
if we create few billions then we billionaires...for me it dont matter could be usa dollars also but eur has bigger value now...and good liqutity

anyone? all i need just developer who will do this i will take care of the rest...

great idea? lets do it? we can create usd , eur gbp and even china currency each of 1 billion will be enough i think Roll Eyes

everybody will use our stable currency becouse we will give a lot away for free !! so who is in the team lets make money ?

Topic: looking for eur stable currency developer idea - page 2. (Read 466 times)