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Topic: Mineable dollar pegged stablecoins can be generated and it ain't out of thin air (Read 49 times)

member
Activity: 538
Merit: 17
So many books, so little time
They and the governments are dumbest nowadays, they are destroying the resources and keeping the people poorer, but for what? Then why they want a better rich economy?

The politics is just most the dumbest ideology as there is no philosophy behind anything, Incompetent people are controlling governments, even banks can allow people or governments to exchange such stable assets with dollars and those assets can be kept as a security

I think if governments do it, they can create a tax free economy which can reduce the risk of money laundering, and it ain't necessary that those assets are pegged to a dollar, it can be pegged to a unit of gold (true digital gold)

If the federal reserve wanted a peg to gold, they'd have done it already with normal fiat currency. Obviously they don't want it because they can't freely print money.

Also, do you really think they'd want a tax free economy lol?
mk4
legendary
Activity: 2716
Merit: 3817
Paldo.io 🤖
I think if governments do it, they can create a tax free economy which can reduce the risk of money laundering, and it ain't necessary that those assets are pegged to a dollar, it can be pegged to a unit of gold (true digital gold)

If the federal reserve wanted a peg to gold, they'd have done it already with normal fiat currency. Obviously they don't want it because they can't freely print money.

Also, do you really think they'd want a tax free economy lol?
member
Activity: 538
Merit: 17
So many books, so little time
I think if governments do it, they can create a tax free economy which can reduce the risk of money laundering, and it ain't necessary that those assets are pegged to a dollar, it can be pegged to a unit of gold (true digital gold)

Clean energy generation requires to pay once only, furthermore it won't create inflation to send bitcoin a trillion if people save and buy those USDs

Quote from: mk4 l Smiley :)ink=topic=5412710.msg60897313#msg60897313 date=1662545147
So.. why not just save the money that you would use to pay for the mining electricity, and use it to buy USDT/USDC?  Huh
member
Activity: 538
Merit: 17
So many books, so little time
Clean energy generation requires to pay once only, furthermore it won't create inflation to send bitcoin a trillion if people save and buy those USDs

Quote from: mk4 l Smiley :)ink=topic=5412710.msg60897313#msg60897313 date=1662545147
So.. why not just save the money that you would use to pay for the mining electricity, and use it to buy USDT/USDC?  Huh
mk4
legendary
Activity: 2716
Merit: 3817
Paldo.io 🤖
So.. why not just save the money that you would use to pay for the mining electricity, and use it to buy USDT/USDC?  Huh
member
Activity: 538
Merit: 17
So many books, so little time
Mineable dollar pegged stablecoins can be generated and it ain't out of thin air

Miners consume energy and this energy has a price value, if stablecoins use this mechanism then the generation of an equivalent amount of USDs are possible, further more we have resources like clean energy which we are wasting, we should use those resources (solar/wind etc) energy to generate stablecoins, this will bring more money to the blockchain ecosystem, furthermore we can overcome the cryptocurrencies aka forked projects being created nowadays. This will also make our economy better as governments can use this resource to create more jobs, do more development and a little poverty can be overcome
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