WHICH OF THESE STABLECOINS WILL MOST LIKELY BE THE FUTURE OF CRYPTO PAYMENTS? - page 4.

CP_Processor

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Quote from: awazieik on May 29, 2018, 10:57:04 AM

Quote from: CP_Processor on May 11, 2018, 06:37:33 AM

Our recent poll showed that majority of you believes that the future of crypto payments lies in stablecoins. But which one will be the “winner”? Which one do you trust the most? Roll Eyes

We would love to hear your opinion on this matter, so leave your comment below, or simply vote!

https://twitter.com/CP_Processor/status/994902629665910784

For further read visit https://medium.com/cp-processor/which-stablecoin-will-most-likely-be-used-in-the-future-of-crypto-payments-18f05b51659e

Due to the volatility of cryptocoins, it is no surprising that people are looking into stable coins. I believe that i trust Havven as they have got a great team and a working demo already.

Havven is an interesting project for sure. We will see how their nomins will behave in practise. We wish them all the luck!

sensei

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people don't compose approach to cryptocurrencies to admit a stall payment. they compose approach to them to avail from the spread and so whether thither
were sturdiness, it would be icing on the patty.

awazieik

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Quote from: CP_Processor on May 11, 2018, 06:37:33 AM

Our recent poll showed that majority of you believes that the future of crypto payments lies in stablecoins. But which one will be the “winner”? Which one do you trust the most? Roll Eyes

We would love to hear your opinion on this matter, so leave your comment below, or simply vote!

https://twitter.com/CP_Processor/status/994902629665910784

For further read visit https://medium.com/cp-processor/which-stablecoin-will-most-likely-be-used-in-the-future-of-crypto-payments-18f05b51659e

Due to the volatility of cryptocoins, it is no surprising that people are looking into stable coins. I believe that i trust Havven as they have got a great team and a working demo already.

CP_Processor

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We believe it is of great importance to inform our community on the value of stablecoins!
Therefore, we have a new poll on our Twitter page https://twitter.com/CP_Processor/status/1001470165266173952

Your opinion matters! So like, share, comment and vote for your favourite type of stablecoins!

CP_Processor

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Activity: 252

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Quote from: CP_Processor on May 21, 2018, 07:27:38 AM

Because of great interest and importance of this topic, we have repeated the poll DO YOU THINK THAT STABLECOINS ARE NEEDED FOR THE FUTURE OF CRYPTO PAYMENTS, and it will last for seven days! We want to hear your opinion, so like this poll, share it or comment

https://twitter.com/CP_Processor/status/998521133900140544

Final results of our poll are in! 70% of you believes that stablecoins are needed for the future of crypto payments! Shocked

CP_Processor

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Comprehensive overview of STABLECOINS — PART 2
FIAT COLLATERALIZED STABLECOINS
**Fiat collateral for creating a token represents reserves held by a central entity.**
How it works: The mechanics for implementation are fairly straight-forward. A third party takes deposits in US Dollars (or another desirable fiat currency) and issues a unit of stablecoin for every dollar deposited. To cash out a unit of stablecoin, the third party wires US Dollar to the holder and burns a unit of the stablecoin.
Pros:
* Easy to conceptualize
* Value will match USD with certainty if properly implemented (digitized dollars without capital controls)
Cons:
* Must trust third-party to hold fiat collateral
* Need additional third-party for audit to make sure appropriate collateral is being held and units of stablecoin match deposits
* Expensive and slow to audit
Projects with this structure:
1.Tether,
2.TrueUSD,
3.DigixDAO,
4.Globcoin,
5.AAA reserve,
6.Stably,
7.X8 currency
Read the full article at - https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-part-2-7ebf0c36eb32

CP_Processor

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Because of great interest and importance of this topic, we have repeated the poll DO YOU THINK THAT STABLECOINS ARE NEEDED FOR THE FUTURE OF CRYPTO PAYMENTS, and it will last for seven days! We want to hear your opinion, so like this poll, share it or comment

https://twitter.com/CP_Processor/status/998521133900140544

CP_Processor

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Comprehensive overview of STABLECOINS — PART 1.

For those of you who still don’t know, “Stablecoins” as they are called by the greater blockchain community, are crypto coins that are intended to provide measurable stability in a price change. These crypto coins are “designed to be used as a unit of account and even as a store of value.” Typically, most stablecoins are pegged against the USD, but some implementations intend to move over to a basket of currencies or an index such as the CPI (consumer price index) in time. This is in hopes of having a currency independent of fiat in the near future.

There are three categories of approaches to developing a price-stable cryptocurrency:
1. fiat-collateralized
2. crypto-collateralized
3. non-collateralized (essentially an independent, non-collateralized currency maintained by an “algoritham”)

Read the whole article at https://medium.com/cp-processor/comprehensive-overview-of-stablecoins-46d9220ca862

CP_Processor

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Our recent poll showed that 45% of you believes that MakerDao& Dai has the most promising Stablecoin and that it will be most likely the future of crypto payment.

We think that stable token DAI in practice has the role of ETH LONG leverage and in other words serves as some kind of ETH CALL Option.

What do you think?

CP_Processor

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MakerDao is currently in the lead, but it is neck and neck with Havven... Who will be the winner? Only 2 hours left to vote

https://twitter.com/CP_Processor/status/994902629665910784

CP_Processor

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Quote from: kryptqnick on May 15, 2018, 03:38:34 AM

You're right people cryptos weren't meant to be valued for their volatility and yet that's the case anyway, so I am not sure people are ready to value stable coins more than unstable. It might be the case in the future if cryptos get massively adopted and can really become the means of payment, then stability will be an important matter for economy.
As for the article on coins, dai and usdt are backed up, so their stability is not due to some unique tech and can eventually be compromised. Basis looks interesting, but I don't understand how the supply can be decreased in case there's lack of demand for it if, say, people already possess too much of coins. What, the money will be just disappearing from their wallets for the sake of stability? Or there will always be a huge amount of money kind of reserved for being available or not available?

We also have no dilemma that the massive use of the crypto requires stability for the simple reason :
many more people want to make payments than to gamble.
If you look around realistically, you will see that this claim is proven in real life.

As far as the future of the Stablecoins, the race has just started, and time will show the results ...
We hope that CP Processor will achieve its vision and mission.

CP_Processor

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Quote from: Fatunad on May 14, 2018, 05:35:58 PM

Quote from: Red-Apple on May 14, 2018, 06:16:14 AM

what are you talking about? there is not even a single vote on that poll, how can it have any results?!!!

in any case why do you even think a centralized stablecoin can be the future of payments? people don't come to cryptocurrencies to have a stable price. they come to them to benefit from the decentralization and then if there were stability, it would be icing on the cake.

all the coins you named here are centralized. some of them are less centralized i'll give you that but they are still centralized. the articles you posted above are more like the "ideal" coins that we wish to have not the coins that exist.
not to mention that they are not even stable!!! for instance HAV is currently worth $0.54 not the promised $1

That was i supposed to say and i dont know why he would pushed about that stability into those coins yet even centralized coins in the market do have movable prices. Does he really know whats the definition on the word "stable" ? Seems like he lacks out with some dictionary and also that Poll what a shame and doesnt any have a single vote. lol

Is USD a stable currency?
NO, neither internally, nor externally.
So, you do not need to look for the definition of "stable"

USD is not a stable currency and that is confirmed on a daily basis.
Internally, USD is consolidated constantly through a changeable benchmark interest rate set by the FED and it generally loses value over time due to inflation.
Externally, it has a floating currency exchange rate against other international currencies.
From time to time, it gives us greater than expected shocks and there is one simple reason for that — people manage USD money supply centrally and subjectively.

kryptqnick

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Join the world-leading crypto sportsbook NOW!

You're right people cryptos weren't meant to be valued for their volatility and yet that's the case anyway, so I am not sure people are ready to value stable coins more than unstable. It might be the case in the future if cryptos get massively adopted and can really become the means of payment, then stability will be an important matter for economy.
As for the article on coins, dai and usdt are backed up, so their stability is not due to some unique tech and can eventually be compromised. Basis looks interesting, but I don't understand how the supply can be decreased in case there's lack of demand for it if, say, people already possess too much of coins. What, the money will be just disappearing from their wallets for the sake of stability? Or there will always be a huge amount of money kind of reserved for being available or not available?

CP_Processor

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Quote from: dhemasm on May 14, 2018, 05:21:21 PM

How about doge? the price its stable on 50-70 satoshi hahaha. Just kidding, I think eth its stable and can be the future payments. Why? Because low fee + fast transactions. Just my opinion, Sorry for my bad english and thanks!

Show us just one company in the world that has Bitcoin and believes that there are no risks about its value,
and therefore uses it as a method of payment and settlement of liabilities.
And not to mention investment funds that treat Bitcoin and Ethereum in their portfolio only as an investment asset
and conduct the same actions as for the other investment assets (risk assessment, Buy and Sell decisions…).

CP_Processor

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Quote from: Red-Apple on May 14, 2018, 06:16:14 AM

in any case why do you even think a centralized stablecoin can be the future of payments? people don't come to cryptocurrencies to have a stable price. they come to them to benefit from the decentralization and then if there were stability, it would be icing on the cake.

Bitcoin wasn’t invented for investors, it was invented for the utility of digital money!
Ethereum wasn’t invented for investors, it was invented for the utility of the decentralized application platform!

Please read all about stablecoins to get more info about this topic:
https://hackernoon.com/stablecoins-designing-a-price-stable-cryptocurrency-6bf24e2689e5
https://medium.com/cp-processor/which-stablecoin-will-most-likely-be-used-in-the-future-of-crypto-payments-18f05b51659e
https://medium.com/cp-processor/stablecoins-theories-and-comparation-29f00d8df37

CP_Processor

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Quote from: Red-Apple on May 14, 2018, 06:16:14 AM

what are you talking about? there is not even a single vote on that poll, how can it have any results?!!!

Can you open https://twitter.com/CP_Processor/status/994902629665910784 ?
If you can, you will see the votes.

CP_Processor

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Quote from: StarKay on May 11, 2018, 06:43:41 AM

The only relatively stable coin I know is USDT, is there any reason for calling the listed coins stable?

Show us the money USDT ?!
Please take a look LOL https://medium.com/cp-processor/do-you-still-believe-in-tether-db981d48ac96

Can we have the full decentralization that a cryptographic payment network offers,
but at the same time have a higher level of price stability,
without such extreme upward and downward swings?
YES, we can and we will!

CP_Processor

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Activity: 252

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Quote from: StarKay on May 11, 2018, 06:43:41 AM

For me Crypocurrencies and stability doesn't go together.

For us Cryptocurrencies and investments doesn't go together.
Bitcoin wasn’t invented for investors, it was invented for the utility of digital money!
Ethereum wasn’t invented for investors, it was invented for the utility of the decentralized application platform!

CP_Processor

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Quote from: Fatunad on May 14, 2018, 05:35:58 PM

Quote from: Red-Apple on May 14, 2018, 06:16:14 AM

and also that Poll what a shame and doesnt any have a single vote. lol

Can you open https://twitter.com/CP_Processor/status/994902629665910784 ?
If you can you will see a votes.

Fatunad

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Activity: 2226

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Quote from: Red-Apple on May 14, 2018, 06:16:14 AM

what are you talking about? there is not even a single vote on that poll, how can it have any results?!!!

in any case why do you even think a centralized stablecoin can be the future of payments? people don't come to cryptocurrencies to have a stable price. they come to them to benefit from the decentralization and then if there were stability, it would be icing on the cake.

all the coins you named here are centralized. some of them are less centralized i'll give you that but they are still centralized. the articles you posted above are more like the "ideal" coins that we wish to have not the coins that exist.
not to mention that they are not even stable!!! for instance HAV is currently worth $0.54 not the promised $1

That was i supposed to say and i dont know why he would pushed about that stability into those coins yet even centralized coins in the market do have movable prices. Does he really know whats the definition on the word "stable" ? Seems like he lacks out with some dictionary and also that Poll what a shame and doesnt any have a single vote. lol

Topic: WHICH OF THESE STABLECOINS WILL MOST LIKELY BE THE FUTURE OF CRYPTO PAYMENTS? - page 4. (Read 1791 times)