Topic: Stablecoins are the new money, is this true? (Read 743 times)
I agree that stablecoin is more likely to further the development of money. Based on the latest news, we know that the leading banks are interested in issuing their own stablecoin, which confirms this theory. If we talk about the Maker project, its goal is to create decentralized tokens with a stable value that is tied to real assets, such as Fiat currencies or precious metals. The Maker fits perfectly into the likely evolution of money.
yes as we saw last year was the year of stable coin we have seen all how all the market is in the red except those coin how stand very well with a positive percentage near to 0.01% :p
Too sad your joke is completely right!
The stable coins were the best performing coins in 2018, yeah! 
yes as we saw last year was the year of stable coin we have seen all how all the market is in the red except those coin how stand very well with a positive percentage near to 0.01% :p
Many people think that this is the case. But what prevents them from printing a lot of money? Just like today, maybe with the dollar? It seems to me that today a very large number of people understand this.
Depends on the system you use for the stable currency. As for printing a lot of money, the advantage with a digital currency is that there is a publicly visible ledger, so it doesn't go undetected.
Many people think that this is the case. But what prevents them from printing a lot of money? Just like today, maybe with the dollar? It seems to me that today a very large number of people understand this.
Stable coins are the next big thing now. My fear is that it will give a lot of scammers new ideas and they will take advantage of it to rob unaware investors like the rise of ICOs and lending coins in 2017. Best to be careful.
It is not so easy to steal money with stable coin projects because investors want to understand where the reserves are and who does the audit for that. Still a risk to invest as always.
I don't really feel that fiat backed stablecoins are a good idea especially if that's what we are trying to steer away from. I am curious about crypto-backed and their volatility. Algorithmic stablecoins seems to make a little more sense in how they can reach stability esp an elastic supply policy that Ampleforth has. We would need something that fluctuates just as much as demand does.
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.
Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money
Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh
Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money
Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh
Perhaps we are evolving and moving towards cryptocurency stability since stable coins has less tendency to volatilities and boosts investors trust and confidence
Although I thought they were beautiful in terms of vision, it was something I didn't like, stable cryptos. Whether they are serving outside of their objectives or not at a good level in terms of user confidence may be listed as valid reasons not to prefer them. Of course, these options, which will take shelter in short-term processes, especially in periods of decline, will probably have a much more effective place in our later life.
Stable coins are the next big thing now. My fear is that it will give a lot of scammers new ideas and they will take advantage of it to rob unaware investors like the rise of ICOs and lending coins in 2017. Best to be careful.
To maintain the purchasing power of cryptocurrency, a stable coin is needed as a payment to avoid the price of payment coins such as Bitcoin and Ethereum dropping or the price is fluctuating.
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.
Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money
Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh
There is no point in investing in stable coins. What is the point to buy a coin for $ 1 and then sell this same coin for $ 1. This is ridiculous and does not make any sense, but for example JPMORGAN plans to provide users of the Bank services. People who will be customers of the Bank will be given coins to their Deposit, but so far it's all in development and implementation. Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money
Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh
If you own 1 USDT, TUSD, PAX is equivalent to 1 USD. You can exchange stablecoin to fiat if you want to do this. I call it real money , but it is manipulated too much by tycoons so it can become garbage at any time.
I believe in a way stablecoins can be part of the future of crypto. Big corporations that need fast currency for payments and settlements, will prefer a stable asset, such as stablecoins whist also benefiting from the advantages of blockchain!
I just read Ampleforth's whitepaper which might be the most interesting and easy to ready whitepaper. They did a good job making something so complex quite easy to comprehend.
It doesn't make the project to be worthy to invest. There is no need to understand how the coin and blockchain will work if we want to use it so investor need to do those things and for stable coins there is no need of anything.
In general, you can probably say so, because the projects that today call themselves stable usually say that their tokens are provided with real money. Therefore, I think that in general it is probably possible. Especially if projects like USDT are still alive today.
As I can see almost traders and investors often don't wanna invest their money in any stable coin only when a big dump is coming. But I think stable coins have very high chance to be the first coins legalized and used as currency to trade for everything because of its price is always stable at $1.
Paying attention to the latest news, now there is a new trend on stable coins, companies have good motives, they want to prevent big losses, Facebook creates stable coins, telegram will have a similar coin too, such giants understand responsibility and want to avoid risks.
If the stable coins are backed by inflationary currencies or are tied to them, it is not that much of an improvement over the existing system.
I just read Ampleforth's whitepaper which might be the most interesting and easy to ready whitepaper. They did a good job making something so complex quite easy to comprehend.
As I can see almost traders and investors often don't wanna invest their money in any stable coin only when a big dump is coming. But I think stable coins have very high chance to be the first coins legalized and used as currency to trade for everything because of its price is always stable at $1.
Paying attention to the latest news, now there is a new trend on stable coins, companies have good motives, they want to prevent big losses, Facebook creates stable coins, telegram will have a similar coin too, such giants understand responsibility and want to avoid risks.
A new report by cryptocurrency and blockchain advisor, George Samman, titled ‘The State of Stablecoins 2019,’ details the history of money and makes an argument for why stablecoins represent the natural evolution of where money will head next.
Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money
Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh
Here is the link to the article: https://bravenewcoin.com/insights/new-report-says-stablecoins-may-become-the-new-money
Are any of you invested in the projects mentioned in the article? I am pretty interested in Maker and Ampleforth tbh
Interesting article, I believe that virtual money will be the future .. thanks to the blockchain it is possible that a virtual object is as real as a physical object ...imho physical money will soon be obsolete
I really do believe that virtual money will be the future too especially an algorithmic based coin like Ampleforth. Computers are just more accurate than humans, even more trusting.
Jump to: