A Stable Crpytocurrency Is In The Works And Silicon Valley Is Backing It With Over 130 Million Dollars
I like tether. I use it when I move my coins around. It is very beneficial to have a coin that is pegged to the price of the USD. To me it already works as a stable currency but there has been controversies lately with the coin. And I guess since it is the coin people are using to trade their crypto with no one is looking to make it a form of currency. But a digital currency that is not volatile is a hot topic and a company called basis wants to do that.
The argument is with a stable coin we can use it as we do cash. Sites will not use coins like bitcoin and ethereum because they are too volatile and companies do not want to worry about the swings. But a coin that is 100% stable could be used as easily as a credit card and be a big deal for crypto. But it would take a lot of fun out of the speculation side.
According to the site the company would mimic a bank with an algorithm that would simulate inflation and deflation to control the price so it acts more like a currency. That sounds pretty cool if it works.
To me I think a currency is needed that is both stable and easy to turn to fiat so we can speculate with the other coins and makes sites like steemit that reward people.
Here is the link for more info:
http://www.businessinsider.com/basis-investment-gv-andreessen-horowitz-lightspeed-2018-4
To listen to the audio version of this article click on the play image.
Brought to you by @tts. If you find it useful please consider upvote this reply.
Silicon Valley = Amazing Innovation
Great article, thanks for sharing. I've smashed the upvote button for you!
If you are looking to get hold of some crypto without investing or mining, look into https://www.crowdholding.com. They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
Support really very large amount
I wish success to everyone really is great
A stable coin seem like a good idea. In this case it will serve a dual functionality, in my opinion it is partly decentralized and centralized. Stable but with relations to economic conditions of inflation and deflation.
I would also really love a currency that can be easily converted to fiat.
So it can be used as a link between crypto and fiat
This post, with over $50.00 in bidbot payouts, has received votes from the following:
rocky1 payout in the amount of $37 USD.
appreciator payout in the amount of $18 USD.
For a total calculated bidbot upvote value in the amount of $55 USD.
This information is being presented in the interest of transparency on our platform @whatageek and is by no means a judgement of your work.
Verás, todo el mundo de las criptos mejorará dentro de pocos años, lo que mencionas aquí llegará con sus ventajas y desventajas hasta que todo se termine de perfeccionar. Saludos
I think this it a really smart idea . Thanks for the up!!!
What about Steem Dollars? ever use them to trade steem?