Topic: Stable coins the new way of scamming people? (Read 535 times)

By itself, the idea of creating stable coins is very good. Stable ones simplify work with cryptocurrency and are very convenient in practice. Of course, everything can be used not only for the benefit, but also to the detriment of participants in the cryptocurrency market. However, in advance, it is already possible to treat stable coins as possible fraud, I think, not worth it. So far, a lot of things in cryptocurrency is not perfect. Hopefully, the vulnerabilities and shortcomings of stable coins will disappear over time. Cryptocurrency is constantly evolving and improving.

Doesn't the market decide the moment they are listed with an exchange?

Stable coins are not winners or losers.
Stable coins will always have the same value or are intended to do so.
Their only enemy is inflation, not cryptos.

Stabilizing coins will not be a new round of scams. Stable currency market competition is fierce. Investors usually only believe in coins that have already been approved, so it is difficult to obtain new stable coins unless they are supported by the government. A stable currency will not be a new scam, and the emergence of a large number of stable currencies will benefit the cryptocurrency market.

, their value is pegged to a certain value by their issuers, instead of leaving the market decide.

1. Who controls these companies if everything is fair?

2. Do these companies also have a kind of corporate council where coin holers are allowed to check the finances if everything is financially correct?

3. How should these companies make money, nobody works for free?

4. Why do they use stable coins when we are not needed? In the Netherlands we have a kind of coinsbase. Litebit. A company officially registered with the chamber of commerce. There you can sell crypto for euros but also for credits that you can buy back when you want.

5. Why do not these stable coins have a normal contact address?

6. Where is their office?
7. Why do not those stable coins have a phone number that you can call for questions?

In recent years, the number of ico projects have been on the rise, where huge amounts of money have been collected together. This trend seems to be all over.
Stable coins are now a new trend. My feeling that this is going to be a new scam trend. I have no good thoughts at all.
Scammer who will print coins while they do not have that much money in fiat money or nothing at all. Many questions are open to me.

1. Who controls these companies if everything is fair?
2. Do these companies also have a kind of corporate council where coin holers are allowed to check the finances if everything is financially correct?
3. How should these companies make money, nobody works for free?
4. Why do they use stable coins when we are not needed? In the Netherlands we have a kind of coinsbase. Litebit. A company officially registered with the chamber of commerce. There you can sell crypto for euros but also for credits that you can buy back when you want.
5. Why do not these stable coins have a normal contact address?
6. Where is their office?
7. Why do not those stable coins have a phone number that you can call for questions?
8. Why are their registration data hidden from their domain name?
9. Why do not stable coins need ico to start something while almost all other coins want millions to start the simplest things?
10. Why do exchanges use their own name for their stable coins?
11. Why do not exchanges use a kind of system that you can sell for credits?
12. Technically speaking with normal currencies you have a winner and losers. In crypto the winners are this moment the stable coins. If bitcoin will rise enormously again, these will be the biggest losers. How can stable coins survive bitcoin rise again?

How I think about stable coins is not positive. I think we'll read more about that when suddenly companies have run off with all the money and everyone is left with something worthless.

what do you think?

1. Who controls these companies if everything is fair?
2. Do these companies also have a kind of corporate council where coin holers are allowed to check the finances if everything is financially correct?

3. How should these companies make money, nobody works for free?

4. Why do they use stable coins when we are not needed? In the Netherlands we have a kind of coinsbase. Litebit. A company officially registered

5. Why do not these stable coins have a normal contact address?
6. Where is their office?
7. Why do not those stable coins have a phone number that you can call for questions?
8. Why are their registration data hidden from their domain name?

9. Why do not stable coins need ico to start something while almost all other coins want millions to start the simplest things?

10. Why do exchanges use their own name for their stable coins?

11. Why do not exchanges use a kind of system that you can sell for credits?

12. Technically speaking with normal currencies you have a winner and losers. In crypto the winners are this moment the stable coins. If bitcoin will rise enormously again, these will be the biggest losers. How can stable coins survive bitcoin rise again?

I think people tend to underestimate how much stablecoins are worth and how profitable they are.

Earlier this year, tether destroyed $500 million dollars worth of their own supply. I can't speak for their motivation but the impression I got is they did it in an attempt to make tether a more scarce commodity and elevate its price back up to $1.00.