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Topic: Usdt is safeheaven and usdc - page 2. (Read 306 times)

member
Activity: 368
Merit: 15
March 05, 2022, 03:59:56 AM
#19
If you have to believe in a stable coin it should be DAI because it's not centralised like USDT and USDC, these two stable coins are not even transparent and that's a red flag, I do use USDT till date but I don't trust that stable coin 100%.
full member
Activity: 585
Merit: 100
Binance #SWGT and CERTIK Audited
March 04, 2022, 11:03:36 PM
#18


Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.


I know the US Dollar is an international currency,but it's a different story if you compare gold to USDT.
USDT is a token that comes from dollars too, but that doesn't mean USDT is the best money you can spend in cryptocurrency,
because it is a token whose gas costs are determined by the network used.
If the USDT is on the ethereum network then USDT looks difficult to use with high gas costs.
Meanwhile, if you have gold there is no transaction fee required because it must be submitted directly to the buyer.
Besides that, gold is still the best in my opinion because when the world is really in an emergency,
even technology will disappear, only gold that we can use as a transaction tool.
from there I disagree with this:

Emas juga buruk karena Anda tidak dapat memindahkannya ke seluruh dunia dan harganya yang fluktuatif dapat turun.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
March 04, 2022, 10:48:50 PM
#17
Those exchangers and companies who provide stable coins hosts and wallets.
They dont want to f...k around they not intwrested to get reputation and lose customers.

Think about one issue if someone will get hurt in binance?
It will lose all customers one day so ezchangers dont want to lose customers for sure.

Surprise surprise, even if they don't want to lose customers, they'll need to freeze funds on certain wallets if the authorities tell them to. It's either they comply, or they get shut down. The choice is pretty obvious, isn't it? Sometimes you need to look at it at the issuer's perspective.
sr. member
Activity: 1554
Merit: 413
March 04, 2022, 05:02:18 PM
#16
Looks like discussion is getting out of hand or derailed and the original poster cannot accept the fact that USDT can be frozen by the company that mints it. It is not a safe haven as you thought it would be. You should probably start searching other stable coins that are more decentralized like DAI.
jr. member
Activity: 224
Merit: 5
March 04, 2022, 04:40:13 PM
#15
exchangers knows that if they f..k up with one customer they will lose reputation and if the losses getting bigger some people going to very unhappy
Tell that to every exchanges coz they usually do it that you could imagine.

Maybe u dont care about if someone will steal from u ...
What kind of brain someone's have with such statement.

You talk like you came from a religious sectors, and imagining things that all kinda every people will do good. Though its good to hear that, but you should face reality.

Stablecoins being safe haven is just for crypto volatility nothing else. Talking about freedom in stablecoins, you cannot have freedom if the company behind thee stablecoins go bankrupt, freeze your holdings, their banks go bankrupt and etc.

Can imagine its end of crypto we all know that thts one thing other thing they not real thing u can mint them and as long as there is users for usdt kind of coins nothing happens with them the bankers together wall street and crypto exchangers rob us with pump and dump schemes allready so they are not interested their suckers will go away so thats why even fbi protecting exchangets.

Casinos are safe u know why ? Off course to keep good reputation to have customers.

Crypto is other good example of greedy capitalists bankers and exchangers whales and other crooks but they dont steal the way they are guilty they steal smart ways like casino.

I dont mind their casino as long as they dont f..up this another MT gox  f. Style the owner definately will get pyhiscally hurt in those days as people are frutustrated someone will get face f...up thts life.
Dont we all know that dont f..k up other person money live the way you want to be treated.

The exchangets knows if customers get hurt its a anarachy thats why they even hired homeland security tp protect exchangers.

The whole point is crypto is full casino and casino want to keep it safe as possible for suckers like we are.
hero member
Activity: 1554
Merit: 880
pxzone.online
March 04, 2022, 03:31:34 PM
#14
exchangers knows that if they f..k up with one customer they will lose reputation and if the losses getting bigger some people going to very unhappy
Tell that to every exchanges coz they usually do it that you could imagine.

Maybe u dont care about if someone will steal from u ...
What kind of brain someone's have with such statement.

You talk like you came from a religious sectors, and imagining things that all kinda every people will do good. Though its good to hear that, but you should face reality.

Stablecoins being safe haven is just for crypto volatility nothing else. Talking about freedom in stablecoins, you cannot have freedom if the company behind thee stablecoins go bankrupt, freeze your holdings, their banks go bankrupt and etc.
jr. member
Activity: 224
Merit: 5
March 04, 2022, 03:18:22 PM
#13
Think about one issue if someone will get hurt in binance?
It will lose all customers one day so ezchangers dont want to lose customers for sure.
Hurt by what? by freezing their accounts or freezing user's stablecoins? They will do it without exception if you are an odd fish, yet they still have many customers.

Before making decisions and making opinions regarding stablecoins and being a safe heaven, try to research more about stablecoins, its risks and its relation to freedom, because it all contradicts of what you're saying.

Person who touch others money is a thief.
World is small and person safe if he touch other people money money is seriois matter some people dont let it go easy anyways exchangers knows that if they f..k up with one customer they will lose reputation and if the losses getting bigger some people going to very unhappy and people move big enough money with usdt so the exchangers do their best to not f..k up then they lose all the customers and its a bad for crypto people will leave crypto overnight if its not going to be safe.

The exchangers knows this and thats why work hard to please customers.
At the end of the day all exchangers owners are responsble for our funds and if they hide world is small you can hire mercants military for cheap now days who will hunt down so exchange owners also knows this eveybody knows where is money there is serious responsebility.

Maybe u dont care about if someone will steal from u but dont think others will accept that.
hero member
Activity: 2114
Merit: 619
March 04, 2022, 02:56:47 PM
#12
Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.

The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.

Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.

USDT is safer than USD? Even though you are right it's hard to trust any government around the world be it the government of the biggest superpower but despite that I have more trust on a central government than merely one single private exchange. Yes, you read it right, there is one single exchange, Bitfinex, which is responsible for the creation, minting & burning of USDT, they control the supply too and cater to the demand too. Moreover, the reason why they are able to maintain the stable value is that they say they have enough USD reserves to back up the currency that they have generated. So if you don't trust the USD in first place how can you trust a derivative of the USD?
hero member
Activity: 1554
Merit: 880
pxzone.online
March 04, 2022, 02:52:54 PM
#11
Think about one issue if someone will get hurt in binance?
It will lose all customers one day so ezchangers dont want to lose customers for sure.
Hurt by what? by freezing their accounts or freezing user's stablecoins? They will do it without exception if you are an odd fish, yet they still have many customers.

Before making decisions and making opinions regarding stablecoins and being a safe heaven, try to research more about stablecoins, its risks and its relation to freedom, because it all contradicts of what you're saying.
jr. member
Activity: 224
Merit: 5
March 04, 2022, 02:43:14 PM
#10
Those exchangers and companies who provide stable coins hosts and wallets.
They dont want to f...k around they not intwrested to get reputation and lose customers.

Think about one issue if someone will get hurt in binance?
It will lose all customers one day so ezchangers dont want to lose customers for sure.
legendary
Activity: 1932
Merit: 4602
Buy on Amazon with Crypto
March 04, 2022, 12:31:46 PM
#9
Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.

The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.

Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.

Usdt and usdc are completely insecure to store and can be blocked
Stablecoins and Blacklists
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581

I recommend reading:
Tether Papers: This is exactly who acquired 70% of all USDT ever issued
https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/

Manipulation is not my problem.
What i want is privacy and stable value.
Thats it and its good to use everywhere who ever disturb stable coins users are enemy of freedom.
Also those ones who say they can freeze ur coins.
Usdt is good thing created please dont f... it up like everything are f...messed up in this world.
I use these stablecoins and am not their hater. I try to warn users about hidden information, because many do not know this. I encourage people to diversify, but most of my stablecoins are DAI. If you read the legal agreements of these companies, you will understand that they are not required to maintain the prices of these tokens at the level of 1 token = 1 dollar.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
March 04, 2022, 12:19:58 PM
#8
Also those ones who say they can freeze ur coins.
Usdt is good thing created please dont f... it up like everything are f...messed up in this world.

Why are you speaking as if that it was our choice/decision that both USDC and USDT can be frozen lol? If you'd ask me then jeebus I'd really LOVE these stablecoins to be totally censorship resistant, but no — because these stablecoins are totally centrally controlled by companies(Bitfinex for USDT and Circle for USDC).
legendary
Activity: 2534
Merit: 1338
March 04, 2022, 11:51:08 AM
#7
Usdt and usdc are completely insecure to store and can be blocked
Stablecoins and Blacklists
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581

I recommend reading:
Tether Papers: This is exactly who acquired 70% of all USDT ever issued
https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/

Manipulation is not my problem.
What i want is privacy and stable value.
Thats it and its good to use everywhere who ever disturb stable coins users are enemy of freedom.
Also those ones who say they can freeze ur coins.
Usdt is good thing created please dont f... it up like everything are f...messed up in this world.
If you do not want to hear the warning that is up to you, without a doubt those coins are convenient which is why stable coins are so popular in the market, but make no mistake they are incredibly risky, it is just the risk is hidden, as an example lets compare gold and gold certificates, which one do you think it is more risky? And the obvious answer is gold certificates, why? Because with physical gold you are only taking the risks that are inherent to gold, but with gold certificates you have all of those risks but you have additional risks like the financial institution where you bought those certificates being unable to fulfill the promises of those certificates, and the same is true for fiat currencies and stable coins.
jr. member
Activity: 224
Merit: 5
March 04, 2022, 11:31:58 AM
#6
Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.

The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.

Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.

Usdt and usdc are completely insecure to store and can be blocked
Stablecoins and Blacklists
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581

I recommend reading:
Tether Papers: This is exactly who acquired 70% of all USDT ever issued
https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/

Manipulation is not my problem.
What i want is privacy and stable value.
Thats it and its good to use everywhere who ever disturb stable coins users are enemy of freedom.
Also those ones who say they can freeze ur coins.
Usdt is good thing created please dont f... it up like everything are f...messed up in this world.
legendary
Activity: 1932
Merit: 4602
Buy on Amazon with Crypto
March 04, 2022, 11:23:35 AM
#5
Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.

The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.

Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.

Usdt and usdc are completely insecure to store and can be blocked
Stablecoins and Blacklists
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581

I recommend reading:
Tether Papers: This is exactly who acquired 70% of all USDT ever issued
https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/
member
Activity: 454
Merit: 10
March 04, 2022, 10:54:20 AM
#4
Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.

The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.

Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.


do you really believe in such stablecoins? who often manipulate their supply and are not transparent? how can you be sure that 1 USDT/USDC is actually backed by 1 USD? you should do your research first before issuing this statement because USDT and USDC in my opinion are not safeheaven.
legendary
Activity: 2156
Merit: 1622
March 04, 2022, 10:40:34 AM
#3
Gold is also bad as you cant move this around the world and its volatile price can go down.

Gold price CAN go down or up, USD value is going only in one direction and it is down. And now, during high inflation is loosing ~10% annually and nothing shows it will stop anytime soon. So if you define an asset that will lose 90% of purchaing power in next 10 years a safe-haven ... for certain ... without any possibility of going up ... I dont know what's not a safe-haven for you.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
March 04, 2022, 10:30:54 AM
#2
Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

This is false.

USDT and USDC are not safer than USD (US Dolar), they are even riskier.

Each USDT/USDC is supposed backed up by a USD, but you can't really be sure. It is much safer to hold USD directly than some stable coin backed by it.

Quote
Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

USD can also go down. It just lost 7.5% value last year to inflation.
In long term, that inflation is not irrelevant:


https://howmuch.net/articles/rise-and-fall-dollar

BTC volatility can be your friend. THere is no way to have a safe haven without volatility.
jr. member
Activity: 224
Merit: 5
March 04, 2022, 09:09:58 AM
#1
Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.

The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.

Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.
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