Topic: solving bitcoin's weakness?? (Read 259 times)
Did you guys see that they were listed on Kucoin?? https://news.kucoin.com/en/havvenhav-gets-listed-on-kucoin/
It's a very good project program, we can make transactions continue to easily use it, and I think it's a very appropriate project for us to invest in it.
well it seems like tether to me and after tether also bitrex have issued its coin which is always stable so this kind of projects are becoming more and more in the scenes which are for good use of course but what I think is that they are not stable enough because can be crashed any time cuz are not backed by anything
The problem with Tether is that it requires a trusted custodian to hold the dollars represented by the Tether tokens. If the dollars are spent, lost or stolen, or the tokens are not redeemable, then the tokens become worthless.
Havven doesn't have this problem. It solves it by using a smart contract to automatically buy and sell havvens for $1 on a trustless exchange. In theory, Havven requires no trusted third-party; however, it may not be possible to implement such a system.
Agree to this. The bigger Havven's network gets, the better. Saw this update from them as well: https://blog.havven.io/eth-backed-nomins-are-now-on-mainnet-8cce92fb1c1a
well it seems like tether to me and after tether also bitrex have issued its coin which is always stable so this kind of projects are becoming more and more in the scenes which are for good use of course but what I think is that they are not stable enough because can be crashed any time cuz are not backed by anything
The problem with Tether is that it requires a trusted custodian to hold the dollars represented by the Tether tokens. If the dollars are spent, lost or stolen, or the tokens are not redeemable, then the tokens become worthless.
Havven doesn't have this problem. It solves it by using a smart contract to automatically buy and sell havvens for $1 on a trustless exchange. In theory, Havven requires no trusted third-party; however, it may not be possible to implement such a system.
Yes, i heard about this token too. But, at the moment the ICO is over and the price of token is 0.48. I also believe that you will be stable token, I have bought a little bit of this and i wonder what the end will be.
well it seems like tether to me and after tether also bitrex have issued its coin which is always stable so this kind of projects are becoming more and more in the scenes which are for good use of course but what I think is that they are not stable enough because can be crashed any time cuz are not backed by anything
I disagree. If you look into Havven's dual token system, the system backs itself through fees. Here's an excerpt I found from another thread:
Quote
The Havven platform uses two tokens to achieve stability. The havven token provides the collateral for the platform. Nomin tokens, a stablecoin, are issued against the value of the collateral token. This dual token approach incentivises users to hold havven tokens because network transaction fees are paid to havven holders. As more people use nomins for everyday transactions, the value of havven tokens will increase due to the higher fees generated.
Havven is a totally decentralised stablecoin, which means that, like bitcoin, it is secure and resistant to censorship. However, in contrast to Bitcoin, Havven uses a decentralised asset to reduce price volatility. The asset backing for the stablecoin comes from transaction fees generated by the Havven network. This means the asset is distributed and cannot be lost, stolen or seized.
Havven is a totally decentralised stablecoin, which means that, like bitcoin, it is secure and resistant to censorship. However, in contrast to Bitcoin, Havven uses a decentralised asset to reduce price volatility. The asset backing for the stablecoin comes from transaction fees generated by the Havven network. This means the asset is distributed and cannot be lost, stolen or seized.
well it seems like tether to me and after tether also bitrex have issued its coin which is always stable so this kind of projects are becoming more and more in the scenes which are for good use of course but what I think is that they are not stable enough because can be crashed any time cuz are not backed by anything
I think Bitcoin has more important weaknesses than volatility that Havven won't solve. Number 1 weakness: it's not created by a government. It will be taxed like property and regulated like securities, if not FUDded to death.
before people said that bitcoin has advantage that bitcoin is not controlled and not issued by government.
and now i read this, it has turn out into weakness rather than advantage. if government can not tax it or control it then the FUD news will always spread around bitcoin.
One of the biggest issues with bitcoin is scalability. So I don't see how havven solves this. The story about stablecoins are entirely different. That's why I think the title of this thread is a little misleading. Overall, Havven is a really interesting subjects. It's on my watch list. Waiting to see how things progresses.
Havven is a great project. I like that it's not pegged to fiat (which is the point of crypto, no??). Very smart way they went about creating collateral.
theres a lot of altcoins that are created to compensate the bitcoin weakness which is high transaction fee and the time of confirmation not just havven, but am pretty sure there will come time an altcoin that is backed by fiat money, well just wait for that. 
Actually this is not the first and surely not the last project that wants to create a coin better than bitcoin with more advantages that would become s better payment currency since they solved all of the problems with fees and volatility of the price. It is not enough to just create the coin because you need to gain some popularity and most important trust in order to become a cryptocurrency that people are going to use for payments. I agree with the idea that bitcoin has many disadvantages now compared with other coins but I think they can be solved in time. The thing is that people are no more iinterested in bitcoin as an investment and not as something to pay with for their needs so a new coin created and promoted from the beginning with the idea of being a payment currency has a big potential to become something great.
so I heard about this project called Havven. they recently sold out their ico and their whole idea is being a stablecoin and payment network. They are meant for everyday purchases for the crypto economy so we don't have to worry about price volatility.
I see this as a huge upside to btc since I see btc more as an asset that appreciates. It's impossible to use it for everyday things due to the price fluctuations and fees.
What do you guys think? This one's similar to Tether, but isn't tied to gold or fiat. Would love peoples thoughts on this subject. https://havven.io/
I see this as a huge upside to btc since I see btc more as an asset that appreciates. It's impossible to use it for everyday things due to the price fluctuations and fees.
What do you guys think? This one's similar to Tether, but isn't tied to gold or fiat. Would love peoples thoughts on this subject. https://havven.io/
Havven is a good project and i know it will success but don't compare it to bitcoin because tis two are different. They are created for different reasons and purpose. In terms of value bitcoin is sti valuable among all other coins. Being volatile of bitcoin is not a weakness but a characteristic of a profitable coin when you invest it. If havven created to be a stable coin how can the investors make a huge profit from it?i think no other coins can surpass bitcoin inspite if fluctuation and higher fees bitcoin is still the best coins for me.
I agree. I think as a community when btc was first issued, it had a different use case than how it is used now. Bitcoin was not only created to be decentralized, but used. But with the price going crazy every few months, it's not so smart to use it. I think havven puts up a very ideal system to solve the volatility. I would read more into how they're set up. There is profit to be made. https://havven.io/uploads/havven_whitepaper.pdf
As far as I can tell, this stable-coin has the same problem as Tether. It relies on a trusted third party to hold the market cap equivalent in dollars. Assuming that I am not mistaken, then I don't understand the need for two tokens, except maybe so it doesn't look exactly like Tether.
I'm pretty sure it doesn't...that's why they have a dual token system. they value is derived from havven tokens that provide the collateral for the paltform. Nomin tokens, a stablecoin, are issued against the value of the collateral token. This dual token approach incentivises users to hold havven tokens because network transaction fees are paid to havven holders. As more people use nomins for everyday transactions, the value of havven tokens will increase due to the higher fees generated.
I think Bitcoin has more important weaknesses than volatility that Havven won't solve. Number 1 weakness: it's not created by a government. It will be taxed like property and regulated like securities, if not FUDded to death.
As far as I can tell, this stable-coin has the same problem as Tether. It relies on a trusted third party to hold the market cap equivalent in dollars. Assuming that I am not mistaken, then I don't understand the need for two tokens, except maybe so it doesn't look exactly like Tether.
I'm pretty sure it doesn't...that's why they have a dual token system. they value is derived from havven tokens that provide the collateral for the paltform. Nomin tokens, a stablecoin, are issued against the value of the collateral token. This dual token approach incentivises users to hold havven tokens because network transaction fees are paid to havven holders. As more people use nomins for everyday transactions, the value of havven tokens will increase due to the higher fees generated.
so I heard about this project called Havven. they recently sold out their ico and their whole idea is being a stablecoin and payment network. They are meant for everyday purchases for the crypto economy so we don't have to worry about price volatility.
I see this as a huge upside to btc since I see btc more as an asset that appreciates. It's impossible to use it for everyday things due to the price fluctuations and fees.
What do you guys think? This one's similar to Tether, but isn't tied to gold or fiat. Would love peoples thoughts on this subject. https://havven.io/
Stable price will not excite the expectation of people as it is what it is. I think the bitcoin's volatility isn't really the weakness, i guess its high volatility rate is one of advantage of bitcoin among other cryptocurrencies. What people look forward to bitcoin is the variation of price and they made it as an investment with really great future which i do not think that coin will have. I see this as a huge upside to btc since I see btc more as an asset that appreciates. It's impossible to use it for everyday things due to the price fluctuations and fees.
What do you guys think? This one's similar to Tether, but isn't tied to gold or fiat. Would love peoples thoughts on this subject. https://havven.io/
so I heard about this project called Havven. they recently sold out their ico and their whole idea is being a stablecoin and payment network. They are meant for everyday purchases for the crypto economy so we don't have to worry about price volatility.
I see this as a huge upside to btc since I see btc more as an asset that appreciates. It's impossible to use it for everyday things due to the price fluctuations and fees.
What do you guys think? This one's similar to Tether, but isn't tied to gold or fiat. Would love peoples thoughts on this subject. https://havven.io/
I see this as a huge upside to btc since I see btc more as an asset that appreciates. It's impossible to use it for everyday things due to the price fluctuations and fees.
What do you guys think? This one's similar to Tether, but isn't tied to gold or fiat. Would love peoples thoughts on this subject. https://havven.io/
this will be great news to all bitcoinist much more for all trader hopefully it would be done ASAP
yes, ICO havven is very good, has dual token, and i see will succeed. its products are also very useful, platform as a tool to facilitate payment.
may be havven will support for bitcoin and other altcoins, because some countries have legalized all crypto like in Venezuela, so they need a havven platform.
may be havven will support for bitcoin and other altcoins, because some countries have legalized all crypto like in Venezuela, so they need a havven platform.
It turns out that I was mistaken.
Jump to: