Topic: Stablecoins are the new money, is this true? - page 3. (Read 716 times)
There is nothing stable in cryptocurrency, there must be a downturn, if you want to make money like money it's hard to understand
maybe. I see stable coins are popular nowadays, there are many stable coin projects that are hype now. but I don't think they will be able to be used as payments before crypto is fully legalized.
Stablecoins seems to be trendy this year but I don't think they will be forever once people realize how centralized they all seem to be. Of all the 'stable' coins I would say that Ampleforth looks to be the most sound and one that looks to be the most successful in the future if we are trying to obtain a true decentralized form of payment.
Nothing is really stable even those coins we think are stable fall in price especially ones pegged again Ethereum. The only thing I know that's stable is USD Fiat no other cryptocurrency is really stable everything falls from time to time..
We need sound money like ampleforth more than we need another fiat backed stablecoin.
Isn't that just going to be like what we are trying to avoid? The essence of having cryptocurrency is to stay away from things like that. I mean, what's the difference now than before? Of course, now, the printed money is not backed anymore and even the gold standard, how are we so sure that it's going to be back? At least with a limited supply of coin, we could see how much growth there could be or something.
We need sound money like ampleforth more than we need another fiat backed stablecoin.
I think what Ampleforth is trying to become is a stable account of money not necessarily a 'stablecoin' pegged to fiat or crypto. Instead they use a algorithm to help balance supply and demand.
even if they are not like the money stable coins are a safe haven from changes in the market and as a point of exit from day trading
I don't understand what Stablecoin is forcing, I know a crypto is a stable price. Am I wrong ? Please correct. Because there are many projects that say their coins will be stable in the future. Can it be with GAS, I forget the name of the GAS. There is also gold. I really don't know exactly what Stablecoin meant.
Stablecoins is not cryptocurrency while they possess a digital appearance they still get back up by fiat currencies and can be compromised by government actions that is why if the bitcoin and all other cryptocurrencies in the market are in the red zone these Stablecoins is in green zone always, They are not connected to bitcoin but naturally connected with fiat currency, While Bitcoin is subdued to extreme volatility these coins are not but even though they are stable in price, they can be sometimes susceptible to market fluctuations and could lose their price stability in times of extreme market volatility.
It depends on what you are aiming for. In my opinion there are some coins on the market that should be used instead of fiat money. Such currencies as NEO, ETH or LTC can fully replace money in the nearest future.
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
It will be real money if the business owner is really a reputable person and trusted by many people. or certified by law and SEC. Currently the issue of accusing the stablecoins is unresolved scams.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
Please wait a while longer, the law will resolve this matter quickly and we will know where are the scam altcoins.
Honestly I would say they are in the spotlight right now especially those that are fiat backed but I don't think they are the 'new money'. I think we need to reframe how we view, use and save money all together. In that case I would say Ampleforth has my vote.
I don't understand what Stablecoin is forcing, I know a crypto is a stable price. Am I wrong ? Please correct. Because there are many projects that say their coins will be stable in the future. Can it be with GAS, I forget the name of the GAS. There is also gold. I really don't know exactly what Stablecoin meant.
stablecoin in my opinion is only an alternative currency because it is now almost like the other digtial currencies, because people are competing to make stablecoin but this also has to be wary of so there can be a new coin that ends with a scam
nowadays there is a lot of stable coin popping up and I am not sure if Stablecoin is new money. Stablecoin is only effective for saving and exchanging on exchange
The current stable coin is not suitable for settlement.
I expect it to be a stable coin in the DAG currency with high throughput and speed
And in order to be accepted as money, it is necessary to increase the number of stores that are paired at many exchanges or that can be settled.
I expect it to be a stable coin in the DAG currency with high throughput and speed
And in order to be accepted as money, it is necessary to increase the number of stores that are paired at many exchanges or that can be settled.
Some coins claim to be stable, whereas they are not.
Some so called stable coins are just here to take investors money and at the end, you may not get the value for your money.
I see no reason to invest in a coin that claims to be stable, yet very volatile.
Some so called stable coins are just here to take investors money and at the end, you may not get the value for your money.
I see no reason to invest in a coin that claims to be stable, yet very volatile.
If you use stable coins you should use established schemes with reliable audits and registered businesses behind them or otherwise there is definitely a good chance that the stable coin is just going to disappear.
Some coins claim to be stable, whereas they are not.
Some so called stable coins are just here to take investors money and at the end, you may not get the value for your money.
I see no reason to invest in a coin that claims to be stable, yet very volatile.
Some so called stable coins are just here to take investors money and at the end, you may not get the value for your money.
I see no reason to invest in a coin that claims to be stable, yet very volatile.
I just managed to check the article, and I don't agree to some part of it. Like
I don't get it much, but Bitcoin is already a currency. It's the currency being traded by another cryptocurrency. Isn't that the purpose of Bitcoin now? Being the main one and would probably stand. It's going to be hard for it to be stable, maybe because of, it's nature. That's the beauty of BTC. It's volatile and possible to profit every time.
I just think that it's no point in creating any more.
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The main reason why bitcoin (BTC) has only reached mass adoption as an investment asset but not as a currency is that it is prone to extreme volatility
I don't get it much, but Bitcoin is already a currency. It's the currency being traded by another cryptocurrency. Isn't that the purpose of Bitcoin now? Being the main one and would probably stand. It's going to be hard for it to be stable, maybe because of, it's nature. That's the beauty of BTC. It's volatile and possible to profit every time.
I just think that it's no point in creating any more.
Stable coins are not a good start for normal money because we have a lots of problems with that to accept that stable coins are like a normal currency but the future will be the answer for this question to make it possible.
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