Stable coins are indeed good, but no need to worry about it why ?
All you have to do is focus on your portfolio
Monitoring stable coin would mean you have a lot of capital
Topic: Stablecoins are the new money, is this true? - page 5. (Read 743 times)
I think that stablecoins have not yet proved that they can exist for many years. I think this is a big question, what can be with some stablecoins in the future. Will they survive in 10 years?
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
When you ask real world merchants and consumers what deters them from paying with crypto, then volatility is the #1 issue, #2 is buyer-seller protection and #3 is complexity.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
When you consider payments on mass scale, it is clear that merchants won’t accept a coin that can decrease in value and consumers won’t pay with a coin that may appreciate in value. It also keeps the enterprises and big merchants out as they don’t want to amplify business risks. It was clear that a price stable coin would be highly necessary.
Stable coins are contrary to what the original idea of cryptocurrencies was. Cryptocurrencies like Bitcoin should be a counterpart to the fiat money of states and banks. Stable coins are in most cases tied to fiat money. For a stable coin token a USD is deposited (sometime also resources like crude oil or gold). That's why a stable coin loses value through inflation like fiat money and is based on its underlying value. In addition, one must trust the authority that holds the USD/Gold/crude oil in return, usually a bank aga or a centralized organisation in.
The fact is that today the more stable the coins greatly helped cryptocurrency users to avoid big losses. When certain projects fell, for example, funds were transferred to USDT and thus the amount of funds was stalled at the same level and did not fall further. 
Stable coins are contrary to what the original idea of cryptocurrencies was. Cryptocurrencies like Bitcoin should be a counterpart to the fiat money of states and banks. Stable coins are in most cases tied to fiat money. For a stable coin token a USD is deposited (sometime also resources like crude oil or gold). That's why a stable coin loses value through inflation like fiat money and is based on its underlying value. In addition, one must trust the authority that holds the USD/Gold/crude oil in return, usually a bank aga or a centralized organisation in.
I think this is not true. Because the wrong management of the project destroys the coin. Not one stable coin will not work if used improperly. I do not think that stable coins are the key to success.
I'm not interested at this time with stablecoins, even I don't understand how to invest in it. Is there art seen in price movements? We know that cryptocurrency is synonymous with flutation, so what does that mean?
Stable coins were created with the intention of invading the crypto currencies under their control so people who get attracted by the value might suffers later so don't support the coin if it is centralized no matter of what their prices are.
Stable coins aren't a smart thought. They are brought together and in the event that we got the hang of anything about unified undertakings at some point or another they generally end up as a trick. It is commonsense to utilize those coins every now and then particularly when you are moving between the trades yet I wouldn't keep my life reserve funds in those coins.
I can see where you are coming from in terms of a storage of value. That's why out of all these 'stablecoins' that were expressed Ampleforth makes the most sense because it can both store wealth AND be used as a unit of account. Have you read their whitepaper? They aren't even calling themselves a stablecoin
For the investment in the ico project I really like that I just lack the capital to do it, especially since last year many ico projects failed, and that's why I began to lack more trust in the ico project to invest in it.
Yes that statement can be partially correct because stablecoins are more like the blockchain version of fiat but the real cryptocurrencies are more worth it because they fully represent the decentralised blockchain tech and i think they are the real asset backed currencies.
The point of stablecoin is to keep the wealth meanwhile it can be used as an ordinary money aswell but to be honest if the blockchain was not yet to reach the point where it could overcome all the massive tx requests dont expect too much these stablecoin to be the new money. 
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
Samman ended his report by saying: "Our current monetary system has led to a degree of global price instability and inflation and electronic money that can bring about a recovery from what's in a long time less than ideal status. developing blockchain and e-money fields to address this challenge. "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
This is the sentence I want to hear the most from you. But there is a big challenge that the business team has enough credibility for people to believe it is a real stablecoins?
Tether was also condemned for suspected fraud. In a decentralized market it is very insecure and we need more time to solve this problem.
Stable coins aren't a smart thought. They are brought together and in the event that we got the hang of anything about unified undertakings at some point or another they generally end up as a trick. It is commonsense to utilize those coins every now and then particularly when you are moving between the trades yet I wouldn't keep my life reserve funds in those coins.
Yes that statement can be partially correct because stablecoins are more like the blockchain version of fiat but the real cryptocurrencies are more worth it because they fully represent the decentralised blockchain tech and i think they are the real asset backed currencies.
Such coins should be popular for states, because they can certainly replace fiat money!
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
That's not. The coin can get stable value when it was backed by any commodity or fiat money that can keep its value. Most of these coins are using fiat money and that should be a correct statement to call that the new digital money because that was not having many differences with fiat money. 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
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
A lot of stablecoin was created in 2018. But stablecoin is not the new cryptocurrency, it existed long ago, like USDT 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
I disagree. First, we don't know how many of these stablecoins are really backed by fiat money and not by promises. Second, these coins are, in any case, backed by companies or corporations, what happens if these companies disappear?
I think that non-collateralized like ampleforth will stick around more than those pegged to fiat currency imo
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
I won't really contradict with his thought because I believe the same is going to happen. However, those will be issued by governments only. As of now we have quite a few stablecoins in the market like USDT or True USD etc. None of these coins are issued by an authorized agency so that it can be used as a replacement of fiat.
However, the way economy is moving, soon we will see government agencies will be issuing digital currencies instead of paper money. In that essence, George is correct! But existing crypto stablecoins are not the future, rather just a glimpse of it!
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