Topic: We need more decentralized stablecoins - page 6. (Read 1264 times)
I'm satisfied using USDT to store funds and buy BTC when I can so I have no problem using centralized stable coins to store fund, are decentralized projects that reliable because they are decentralized or it's just empty promise to be decentralized? We can never tell, just use what works for you
Nah, never really wondered. You know until this very day I haven't used a single stablecoin, not even Tether? I know for sure there are many like me too, we just trade what we need directly for fiat whenever we want cash from crypto, so this tells me that this "need" is really only for full traders and speculators. And traders actually trust centralized things;)
So you just want to have another tool just for the sake of the illusion of choice? Not bad not bad.
Yes, some addresses are blacklisted but do you want the market to be safer? You won't be blacklisted just like that, so this is a dubious argument.
And I see no reason to do another one stablecoin, we already have enough . Or do you want to repeat the flood of the crypto market with a bunch of useless and even just fraudulent coins as it was at the rise of this story? No thanks, let's skip it.
Yes, some addresses are blacklisted but do you want the market to be safer? You won't be blacklisted just like that, so this is a dubious argument.
And I see no reason to do another one stablecoin, we already have enough . Or do you want to repeat the flood of the crypto market with a bunch of useless and even just fraudulent coins as it was at the rise of this story? No thanks, let's skip it.
Can stable coins be decentralized? Aren't all stable coins centralized? because if they are decentralized, of course the price will not be stable either
Do some research on DAI stable coin, we have decentralized stable coins in crypto space, if you don't know then I suggest starting with DAI stable coin, there are others like1. Defidollar
2. Ndau
3. RSV
Well, I think we need really good decentralized stablecoin... stablecoin that isn't backed by things that are not very censorship resistant like fiats. You control the supply with algorithm to keep things stable, in decentralized manner.
A normal crypto with unlimited supply could easily be turned into stablecoin if you could control the supply automatically. You keep the supply locked and price stable... when demand increases, part of the supply is unlocked and sold at the stable price, when demand decreases you lock or reduce supply. This repeats automatically depending on demand/supply.
A normal crypto with unlimited supply could easily be turned into stablecoin if you could control the supply automatically. You keep the supply locked and price stable... when demand increases, part of the supply is unlocked and sold at the stable price, when demand decreases you lock or reduce supply. This repeats automatically depending on demand/supply.
Can stable coins be decentralized? Aren't all stable coins centralized? because if they are decentralized, of course the price will not be stable either
We don't need new stable coins, if you don't like centralized stable coins some DEX stable coins are available but DAI has the best volume and liquidity available, but it's pretty hard to ignore the fact that USDT has the highest liquidity and volume, it's well supported amd available on all exchanges, why the need for new stable coins?
What is the point of having more stable coin 
We already have the dollar right? Why sould we need to create more and more coin backed by this currency. Many stahle coins are available on the marketcap. So just make your choose, dont be so fastidious. Moreover, if you want a stable coin, just use centralized currency which are supported by the government and the Central Bank: USD.
I know that our market is too volatile to be used in our daily life. But because it is purely decetralized, it has to base purely on the supply-demand principle. And because we are living in the world we fiat currently dominate, we cant stop people from converting or calculate their bitcoin to usd or some sort of Fiat - which are more stable according to normal people.
Remember this: decentralization creates deflation, while centralization bounds with inflation. That is also the element which make crypto more fluctuate than traditional assets. And it is obvious that you gain more money (fiat) just by holding some reputation cryptos over years
We already have the dollar right? Why sould we need to create more and more coin backed by this currency. Many stahle coins are available on the marketcap. So just make your choose, dont be so fastidious. Moreover, if you want a stable coin, just use centralized currency which are supported by the government and the Central Bank: USD. I know that our market is too volatile to be used in our daily life. But because it is purely decetralized, it has to base purely on the supply-demand principle. And because we are living in the world we fiat currently dominate, we cant stop people from converting or calculate their bitcoin to usd or some sort of Fiat - which are more stable according to normal people.
Remember this: decentralization creates deflation, while centralization bounds with inflation. That is also the element which make crypto more fluctuate than traditional assets. And it is obvious that you gain more money (fiat) just by holding some reputation cryptos over years
No, they never intend to arbitrarily freeze users' addresses. Obviously they don't have the authority to do that either, it looks like you're slandering about their mechanics 
Also, I'm using centralized stablecoins and it's pretty cool. The transaction fee is zero for USDT on the TRC-20 platform. The special thing is that USDT, USDC and DAI are also traded in many exchanges and the volume is always high. Existing stablecoins are fully embracing our needs, so why do we need to find something new?
Also, I'm using centralized stablecoins and it's pretty cool. The transaction fee is zero for USDT on the TRC-20 platform. The special thing is that USDT, USDC and DAI are also traded in many exchanges and the volume is always high. Existing stablecoins are fully embracing our needs, so why do we need to find something new?
Aren't there more decentralized stable coins in crypto space already? There are many categories to choose from e.g
1. Elastic supply stable coins
2. Self collateralized stable coins
3. Collateralized debt positions stable coins
4. Bond redemption stable coins
5. Collateral redemption stable coins
Enough is enough
Very true, there are many stable coins apart from USDT and DAI, maybe I should try to list some I can remember here 1. Elastic supply stable coins
2. Self collateralized stable coins
3. Collateralized debt positions stable coins
4. Bond redemption stable coins
5. Collateral redemption stable coins
Enough is enough
1. Ampleforth
2. Bitbay.
3. Nubits
4. Ndau
5. Stableunit
6. Makerdao
7. Augmint
8. Alchemint
9. Basis
The list goes on and on, if you don't like USDT there are many other
Aren't there more decentralized stable coins in crypto space already? There are many categories to choose from e.g
1. Elastic supply stable coins
2. Self collateralized stable coins
3. Collateralized debt positions stable coins
4. Bond redemption stable coins
5. Collateral redemption stable coins
Enough is enough
1. Elastic supply stable coins
2. Self collateralized stable coins
3. Collateralized debt positions stable coins
4. Bond redemption stable coins
5. Collateral redemption stable coins
Enough is enough
USDT have faced many allegations in the past and they fought through them successfully, if USDT is crap or not safe do you think binance exchange will list them? This stable coin controls the highest liquidity and volume of all stable coins, isn't it because it's better?
Have you ever wondered why there are so many centralized stablecoins on the market? It's no secret that decentralized stablecoins like DAI and USDJ are the minority in the crypto/Blockchain space. This is bad for the industry, as it makes it no different than the traditional banking system of today. The risk of a single point of failure exists with centralized stablecoins, greatly defeating the purpose of crypto/Blockchain technology. Consider how both USDT and USDC issuers have been freezing (blacklisting) user addresses on the blockchain. While DAI is a better alternative, it lacks the level of adoption of its centralized counterparts.
Do you think we need more decentralized stablecoins? What will happen if centralized stablecoin issuers continue to freeze addresses at will? Will people lose confidence on centralized stablecoins? Or will this attract institutional investors and serious traders? Your input will be greatly appreciated. Thanks
Why are you this scared of using centralized stable coins when they can be easily accused of anything? Decentralized stable coins and projects aren't that safe and different either, in the name of decentralization crime is free, your money your risk and it's the perfect place for embezzlement and illegal entities Do you think we need more decentralized stablecoins? What will happen if centralized stablecoin issuers continue to freeze addresses at will? Will people lose confidence on centralized stablecoins? Or will this attract institutional investors and serious traders? Your input will be greatly appreciated. Thanks
No thanks, for now I'm sticking with USDT, been the top stable coin and still centralized means that the government can go after the team, I prefer projects that still have something they are scared about (the law), Decentralized freedom lacks the ability to ask for justice.
People still controls everything, either centralized or decentralized they can still do as they see fit, remember that USDT have been accused before of illegal stuffs? And that was resolved openly, if USDT was decentralized government won't be able to go after them.
No thanks, for now I'm sticking with USDT, been the top stable coin and still centralized means that the government can go after the team, I prefer projects that still have something they are scared about (the law), Decentralized freedom lacks the ability to ask for justice.
Decentralized projects and decentralized stable coins are not totally decentralized platforms, when kucoin hack took place weeks ago many projects that claimed to be decentralized went ahead to change their smart contract, they are no more decentralized projects doing that, since decentralized projects are still under people's control I don't see any reasons to fully trust them
Have you ever wondered why there are so many centralized stablecoins on the market? It's no secret that decentralized stablecoins like DAI and USDJ are the minority in the crypto/Blockchain space. This is bad for the industry, as it makes it no different than the traditional banking system of today. The risk of a single point of failure exists with centralized stablecoins, greatly defeating the purpose of crypto/Blockchain technology. Consider how both USDT and USDC issuers have been freezing (blacklisting) user addresses on the blockchain. While DAI is a better alternative, it lacks the level of adoption of its centralized counterparts.
Do you think we need more decentralized stablecoins? What will happen if centralized stablecoin issuers continue to freeze addresses at will? Will people lose confidence on centralized stablecoins? Or will this attract institutional investors and serious traders? Your input will be greatly appreciated. Thanks
I've seen enough projects this year claiming to be true decentralized but they aren't, how sure are you that even dex exchanges complete decentralized platforms when they are still been controlled by people like us? Is decentralization really working in crypto space? That answer isn't 100% clear. Do you think we need more decentralized stablecoins? What will happen if centralized stablecoin issuers continue to freeze addresses at will? Will people lose confidence on centralized stablecoins? Or will this attract institutional investors and serious traders? Your input will be greatly appreciated. Thanks
Have you ever wondered why there are so many centralized stablecoins on the market? It's no secret that decentralized stablecoins like DAI and USDJ are the minority in the crypto/Blockchain space. This is bad for the industry, as it makes it no different than the traditional banking system of today. The risk of a single point of failure exists with centralized stablecoins, greatly defeating the purpose of crypto/Blockchain technology. Consider how both USDT and USDC issuers have been freezing (blacklisting) user addresses on the blockchain. While DAI is a better alternative, it lacks the level of adoption of its centralized counterparts.
Do you think we need more decentralized stablecoins? What will happen if centralized stablecoin issuers continue to freeze addresses at will? Will people lose confidence on centralized stablecoins? Or will this attract institutional investors and serious traders? Your input will be greatly appreciated. Thanks
Do you think we need more decentralized stablecoins? What will happen if centralized stablecoin issuers continue to freeze addresses at will? Will people lose confidence on centralized stablecoins? Or will this attract institutional investors and serious traders? Your input will be greatly appreciated. Thanks
If you think that it is centralized stable coin could be catastrophic for cryptocurrencies,
and you know a centralized system is not the context of cryptocurrency, but we ourselves are still not sure about decentralization itself,
many exchanges are centralized, and we can't avoid it, I agree If a stable coin becomes decentralized with a system such as the addition of liquidity at Uniswap, it will make stable coin has high liquidity not only in 1 person, but many people and many institutions can also participate in its liquidity.
The reason why I like USDT is that exact point you are talking about, freezing funds, if you are a scammer or you are into illegal funds USDT team will drop your ass, USDT isn't the platform for cheaters and scammers, how is this a bad thing? Those who got their address frozen knew what they did, how many innocent people have you seen that got their USDT address frozen?
USDT works better for me, it's easier to send on Tron network and transaction fee is way cheaper using Tron, I have no idea about freezing USDT wallet addresses but I have heard on news, if what you said is real many customers would have leave USDT and top exchanges would have delist USDT
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