Hey, friend, I think your question is ridiculous.
First of all, the encryption market is unstable, so why should the stable cryptocurrency be said?
The decline in the market has dumped a lot of cryptocurrencies.
Topic: What are stable coins? - page 4. (Read 18286 times)
I think it's hard to talk about stability when all the Crypto currency is not stable. There are no stable coins, we can be sure only in bitcoin for now. And it's unpleasant how long he will last in the market.
It is too hard to find really stable cryptocurrencies on the current market, I suppose that there could be cryptocurrencies like Eos, Waves and Neo, which are able to have an impact on the cryptomarket and improve it in the common way. It will be very useful doing for everybody here.
With the recent trend in the market, we have seen that anything can happen and the price of a coin can reduce beyond reasonable doubt, and for this reason, I would like to think that there is no such thing as stable coins. The volatility of the market is someething to bother about, and something that no one has control over.
These coins are in the pause as well like Btc and Eth. They are not able to start increasing in the current situation on the cryptocurrency market at all.
I think a stable coin is a coin that does not go beyond certain low price in the market irrespective of the incredible dump going on around it
Just like Neo would go below 20$ and bitcoin cash wouldn’t go beyond 400$ too
Still there are uncertainties surrounding crypto
Just like Neo would go below 20$ and bitcoin cash wouldn’t go beyond 400$ too
Still there are uncertainties surrounding crypto
This topic is very interesting !!!
Almost everyone wants to know this information from the right people.
I would like to get some information, I have learned in the past as follows:
You can refer to some coin as follows: USDT, TUSD.
Almost everyone wants to know this information from the right people.
I would like to get some information, I have learned in the past as follows:
You can refer to some coin as follows: USDT, TUSD.
There are no stable coins at all, forget about that.
Stable coin is controlled by the government itself. High volatility market holds by people or community itself. I prefer cryptocurrencies in the long term if mass adoption will happen very soon. We are all rich as hell.
Eth and Neo and Tron and Iota all these coins are stable and long-term coins these coins have future in terms of profit and steady growth
I think almost coins are stable. But Bitcoin is most stable coin in cryptoworld.
Stable coins are those coins that have a good and promising team and they fulfill all their plans on time. I think so.
to me, stable coins or tokens are those alt coins that are able to maintain a certain range in value.
for example, the tokens never drops below 5$ irrespective of the massive dump
those are tokens that should be refered too as stable, strong and reliable.
for example, the tokens never drops below 5$ irrespective of the massive dump
those are tokens that should be refered too as stable, strong and reliable.
Stable coin is a good and healthy concept for the investors and exchanges must have it to guarantee a flawless trading experience. USDT is the most used stable coin but not the most trustable one for sure. IBM's idea is good and many will support and use its coin, who don't trust such a big company?
I tend not to trust large companies, nor small companies for that matter. The whole thing about cryptos is to be able to have formal veryfication to avoid trust.
Your list is based on the cryptocurrencies that we have in this time but what is about the future? I think there should be the place for the future strong coins.
Decentralized crypto currency can not be stable in nature. They have no controls, no one is supported in the price and is not provided with anything, and their price is formed only on the basis of the ratio of supply and demand, and they are never permanent. Among the crypto currency, only Tether is stable, since it is in fact a digital counterpart of the dollar.
I must disagree.
Decentralized cryptocurrencies should be controlled by everyone, not nobody. USD is backed by the "full faith of the US government". Decentralized cryptocurrencies are backed exclusively by their users. This prevents price control from falling within the hands of a select few, who ultimately will manipulate it to their advantage or fail to regulate the supply.
In the end, people can lose faith in the custodians of their currency (or it's pegged asset).
But they will never lose faith in their own personal judgment of value. This is why a decentralized and non-collateralized stablecoin will always be a better system.
For a stablecoin to sustain itself, it must not have a permanent and fixed price. It must adapt to the economic demand applied to it, coinciding with the change in value of goods/services.
With a decentralized and non-collateralized peg, (like BitBay's mentioned above) the price can move at a healthy and steady rate, giving investors a place to park (and grow) their profits while also providing users with a medium of exchange.
I think any stable coin is designed for keeping its price fixed and thus it can help the mass adoption of currencies. Yes fiat is stable but with having some limited features.
Not all FIAT is stable ... consider some currency of a country nobody is interested in holding ... this particular FIAT currency is volatile and any other currency is potentially volatile
I don't understand how crypto coins can be stable. After all, in the script there are no auxiliary organs for this coin and they are not tied to anything. Their price depends on supply and demand. So there can be no stability now.
One way to reinforce stability in crypto https://bitcointalksearch.org/topic/m.43221250
I don't understand how crypto coins can be stable. After all, in the script there are no auxiliary organs for this coin and they are not tied to anything. Their price depends on supply and demand. So there can be no stability now.
What are stable coins and why do we need them?
This is one topic that catch my attentions. I have this article about stable coins and they are attracting big league investors. Will quote some part of the article.
"stable coins are designed to keep their price fixed, making them immune to manipulation trading. It could be argued that price stability will help to bring about the mass adoption of cryptocurrencies, as they are seeming more reliable and, therefore, attractive to major financial players. The recent IBM deal — along with other investments mentioned in this article — partly confirm that assumption."
Three types of stable coins can be outlined, depending on the type of collateralization they entail.
1. Fiat-collateralized
2. Non-collateralized
3. Crypto-collateralized
To know more and read the detailed article. Pls chck this link.
https://cointelegraph.com/news/island-of-stability-stable-coins-keep-attracting-big-league-investors/amp
I think these coins are the most stable at right now:-This is one topic that catch my attentions. I have this article about stable coins and they are attracting big league investors. Will quote some part of the article.
"stable coins are designed to keep their price fixed, making them immune to manipulation trading. It could be argued that price stability will help to bring about the mass adoption of cryptocurrencies, as they are seeming more reliable and, therefore, attractive to major financial players. The recent IBM deal — along with other investments mentioned in this article — partly confirm that assumption."
Three types of stable coins can be outlined, depending on the type of collateralization they entail.
1. Fiat-collateralized
2. Non-collateralized
3. Crypto-collateralized
To know more and read the detailed article. Pls chck this link.
https://cointelegraph.com/news/island-of-stability-stable-coins-keep-attracting-big-league-investors/amp
DEX
EOS
IOTA
WAVES
I think these coins are the future bright.
All these existing stablecoins are focusing on a hard pegged solution which provide very little incentive to provide any ROI if people hold their capital within them. They are mainly used for the sake to hedge their capital in and out of volatile cryptocurrencies.
It's obvious that if anything of them require collateral then they are centralized and higher risk to decentralized solutions.
There are less than a handful that claim they are decentralized, and at best they are more a pseudo-decentralized version. Collateral and 'reserves' are not much different from each other in the fact that they 'require' trust.
There is a new design in development that doesn't utilize any sort of collateral or reserve token. It's truly decentralized - no trust is needed.
The whitepaper was just released last week.
The protocol is much different from other non-collaterals like Basis, Fragments, Kowala, and Carbon.
It's a dynamic peg. Price can still fluctuate but volatility will be controlled by both the coin holders who can vote on price stability or by allowing for an algorithm to automate the process.
BitBay will be the first coin in the entire industry that will have solved crypto 1.0 and crypto 2.0
Crypto 1.0 being the ability to completely remove the middleman from transactions.
Crypto 2.0 being price stability so that the coin can be used as a currency.
Of all the other stablecoins., none of them have yet to solve crypto 1.0, which will most likely take them years to develop and test if they were to mimic BitBay's trustless marketplace.
Since BitBay's price is not hard pegged, the potential ROI for actually holding the coin is literally exponentially higher than other hard pegged currencies. This is especially the case for fiat backed stablecoins where governments continue to devalue their prices by printing more than they can back.
Imagine using a hard pegged currency like tether to hedge against bitcoin's price volatility. You can only make money by correctly guessing you hedge in and out of bitcoin's ups and downs. You most likely lose money in the transaction from the exchange spread. Although it would be a small amount it's still a loss and would increase depending on the amount of equity traded.
Now imagine a soft pegged currency like BitBay as a hedging tool.
For example, you think Bitcoin is going to drop in value over the next few days. So you sell your Bitcoin for BitBay. And then it turns out you are correct. Now the rest of the 'herd' is in fear of their equity and they too sell their Bitcoin for BitBay. Yet this higher demand from the 'herd' causes the price of BitBay to go up in value. Now you foresee that the Bitcoin correction is at it's bottom. So you sell your BitBay for Bitcoin. So now you've increased your ROI because you sold your higher bitcoin for a lower BitBay and then sold your higher BitBay for a lower bitcoin.
If you miss your window of opportunity to renter Bitcoin at a lower price, then you can stake the capital you hold in BitBay for a variable ROI that is currently averaging around 2.7% APR. No hard pegged currency is going to reward you that much. And you have the assurance knowing that if the price of BitBay tries to drop your capital will be protected by it's dynamic peg algo that stabilizes the supply and demand on the exchanges. If this causes some of your capital to freeze in the process of waiting, then your temporarily frozen coins can stake for an even higher variable APR.
Hard pegged coins can't even remotely begin to mimic this other than weakly through a spread that most likely works against you.
Now imagine you want to cash out some of your profits. You use BitBay's cash for coins smart contract (already built into the wallet), that mimics like a "trustless" private localbitcoins.com transaction.
All these other stablecoins in existence can't compete against that. They are all dependent on a 3rd party service to allow for transacting with any level of pseudo-security.
Peg release is set for late Q3 to early Q4 2018
Whitepaper: http://bitbay.market/downloads/whitepapers/bitbay-dynamic-peg.pdf
Website: BitBay.Market
It's obvious that if anything of them require collateral then they are centralized and higher risk to decentralized solutions.
There are less than a handful that claim they are decentralized, and at best they are more a pseudo-decentralized version. Collateral and 'reserves' are not much different from each other in the fact that they 'require' trust.
There is a new design in development that doesn't utilize any sort of collateral or reserve token. It's truly decentralized - no trust is needed.
The whitepaper was just released last week.
The protocol is much different from other non-collaterals like Basis, Fragments, Kowala, and Carbon.
It's a dynamic peg. Price can still fluctuate but volatility will be controlled by both the coin holders who can vote on price stability or by allowing for an algorithm to automate the process.
BitBay will be the first coin in the entire industry that will have solved crypto 1.0 and crypto 2.0
Crypto 1.0 being the ability to completely remove the middleman from transactions.
Crypto 2.0 being price stability so that the coin can be used as a currency.
Of all the other stablecoins., none of them have yet to solve crypto 1.0, which will most likely take them years to develop and test if they were to mimic BitBay's trustless marketplace.
Since BitBay's price is not hard pegged, the potential ROI for actually holding the coin is literally exponentially higher than other hard pegged currencies. This is especially the case for fiat backed stablecoins where governments continue to devalue their prices by printing more than they can back.
Imagine using a hard pegged currency like tether to hedge against bitcoin's price volatility. You can only make money by correctly guessing you hedge in and out of bitcoin's ups and downs. You most likely lose money in the transaction from the exchange spread. Although it would be a small amount it's still a loss and would increase depending on the amount of equity traded.
Now imagine a soft pegged currency like BitBay as a hedging tool.
For example, you think Bitcoin is going to drop in value over the next few days. So you sell your Bitcoin for BitBay. And then it turns out you are correct. Now the rest of the 'herd' is in fear of their equity and they too sell their Bitcoin for BitBay. Yet this higher demand from the 'herd' causes the price of BitBay to go up in value. Now you foresee that the Bitcoin correction is at it's bottom. So you sell your BitBay for Bitcoin. So now you've increased your ROI because you sold your higher bitcoin for a lower BitBay and then sold your higher BitBay for a lower bitcoin.
If you miss your window of opportunity to renter Bitcoin at a lower price, then you can stake the capital you hold in BitBay for a variable ROI that is currently averaging around 2.7% APR. No hard pegged currency is going to reward you that much. And you have the assurance knowing that if the price of BitBay tries to drop your capital will be protected by it's dynamic peg algo that stabilizes the supply and demand on the exchanges. If this causes some of your capital to freeze in the process of waiting, then your temporarily frozen coins can stake for an even higher variable APR.
Hard pegged coins can't even remotely begin to mimic this other than weakly through a spread that most likely works against you.
Now imagine you want to cash out some of your profits. You use BitBay's cash for coins smart contract (already built into the wallet), that mimics like a "trustless" private localbitcoins.com transaction.
All these other stablecoins in existence can't compete against that. They are all dependent on a 3rd party service to allow for transacting with any level of pseudo-security.
Peg release is set for late Q3 to early Q4 2018
Whitepaper: http://bitbay.market/downloads/whitepapers/bitbay-dynamic-peg.pdf
Website: BitBay.Market
Jump to: