Ultimate stablecoin vote - page 2. | Bitcointalksearch.org

rmilly

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Merit: 1

Quote from: Tulen1990 on December 12, 2018, 04:39:48 PM

How come no one's voting?

I personally voted for Ampleforth mainly because of their value adds and how they're disintermediating central inflation. I recommend everyone read their whitepaper. Really fascinating stuff IMO.

wp - https://drive.google.com/file/d/1I-NmSnQ6E7wY1nyouuf-GuDdJWNCnJWl/view

same. Voted for ampleforth. Been pretty big today in the news but I like their model and I think they bring a good solution that the world needs to adopt crypto

Tulen1990

full member

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How come no one's voting?

I personally voted for Ampleforth mainly because of their value adds and how they're disintermediating central inflation. I recommend everyone read their whitepaper. Really fascinating stuff IMO.

wp - https://drive.google.com/file/d/1I-NmSnQ6E7wY1nyouuf-GuDdJWNCnJWl/view

akeegan

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Activity: 236

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Quote from: BitcoinHodler on December 08, 2018, 02:47:55 AM

the fiat backed and crypto backed stable coins are similarly centralized and that makes them terrible in my opinion specially since most of the companies creating these coins are either very shady (like Bitfinex creating Tether) or are creating them to make money from processing transactions because they saw a need and trying to exploit it.

the Algorithm-backed stable coins "sound good" but i have not yet had time to study them to make up my mind. but if anything has a potential of being a valuable stablecoin it is this category of them.

Agreed. I think with algorithm backed coins it depends on how the algorithm works. In Ampleforth's case, I love their idea of an elastic supply protocol. This is from their site:

Quote

Our protocol is simple. When Amples are trading higher than the price target, the protocol inflates to coin holders proportionally; and when Amples are trading lower than the price target, the protocol deflates from coin holders proportionally.

By adjusting supply to coin holders directly, the Ampleforth protocol avoids the devaluing effects of inflation observed in fiat currencies, while re-engaging the supply mechanism that creates near-term price stability.

jhanson

member

Activity: 135

Merit: 10

Quote from: pixie85 on December 07, 2018, 05:21:39 PM

The best future stablecoin is Bitcoin. Tether is just like fiat. It's a manipulated coin, printed out of thin air, that the owners know is insolvent. The proof for that is them not wanting to audit it and faking audits by saying they are auditing themselves, which we all know is a joke. No sane CEO would say publicly that the company is auditing itself and everything is fine.

Bitcoin is not a stablecoin though.... and yes tether is a crypto abomination.

I think Ampleforth is a unique solution since they have an elastic protocol to adjust supply when the market changes. This is one worth looking into. https://www.ampleforth.org/

four3200

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$UNO

BitcoinHodler

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HODLing is an art, not just a word...

the fiat backed and crypto backed stable coins are similarly centralized and that makes them terrible in my opinion specially since most of the companies creating these coins are either very shady (like Bitfinex creating Tether) or are creating them to make money from processing transactions because they saw a need and trying to exploit it.

the Algorithm-backed stable coins "sound good" but i have not yet had time to study them to make up my mind. but if anything has a potential of being a valuable stablecoin it is this category of them.

jossiel

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DGbet.fun - Crypto Sportsbook

I'll choose that's backed up with fiat. That's how stable coins should be, there's a real money behind it and it's not just printed from nowhere without any evidence if the value is really worth to its printed coin.

AFAIK, GUSD and USDC are fiat-backed stable coins.

pixie85

hero member

Activity: 2184

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The best future stablecoin is Bitcoin. Tether is just like fiat. It's a manipulated coin, printed out of thin air, that the owners know is insolvent. The proof for that is them not wanting to audit it and faking audits by saying they are auditing themselves, which we all know is a joke. No sane CEO would say publicly that the company is auditing itself and everything is fine.

alexcopper

member

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Merit: 12

So I'm doing my research about stablecoins and so far there's 3 categories of them:

1. Fiat-backed
2. Crypto-collateralized
3. Algorithm-backed

I've been a big fan of 2 and 3, especially Fragments. What are your favorite?? Wish I had more room to include others, but from what I've seen these are the top (aside from Tether).

Topic: Ultimate stablecoin vote - page 2. (Read 372 times)