BITCOIN BOUNCES? Vitalik vs. Justin Sun, Winklevoss Stablecoin, Litecoin Summit, Crypto News

 

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BITCOIN BOUNCES? Vitalik vs. Justin Sun, Winklevoss Stablecoin, Litecoin Summit, Crypto News

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27 comments

  1. The reasons you laid out for why stablecoins are useful, are some of the reasons why long-term stablecoins will not work IMO. If the stablecoin does all that and minimally retains the value of the asset backing it, how could a stablecoin NOT be worth more than the underlying backing value? The Gemini Dollar is important because it gives us a legitimate “tether” in these early times, one that can actually be redeemed! But the whole idea of this is that we wont need the stablecoins if this works out (ok, maybe “stable-ish,” but backed by other physical assets, not by fiat currencies), so how could they ever retain their use case (they reatin minimum value, trivially). Just my 2 sats.

    EDIT: By “this” I mean Bitcoin and cryptocurrency

  2. Stable coins..

    To allow fiat to be converted against the dollar..

    And also be obtained by everyone to move away from fiat and into a 100% fiatless society.

  3. agreed, incredible how many rubbish channels there are with absolutely no coherence or background, and 50-100k subscribers, meanwhile Elliot is awesome… marketing guys, marketing.

  4. very much look forward to your episodes…def my fav crypto channel. I see great things for you in your future within the crypto space my friend. Keep it up, and thank you for your humor, as well as content.

  5. Stable coins are a great idea until the dollar collapses. All of the central banks are broke. All banks own these days is debt. As soon as the rest of the world loses faith in the central banking system that has been bankrupting the population, society will move to something more stable (BTC). Stable coins will work in the short run, but the dollar will collapse eventually.

  6. You stated that crypto to crypto is not a taxation event here in Canada. Can anyone verify this or have link/s that states this specifically?

  7. Good content! What do you think about Ico feniks finance? I think it is quite a promising project. By the way they showed the speed of their blockchain and it reached 100k tps!

  8. The possibilities of the blockchain Feniks will eliminate such inconveniences, such as slow transactions, to fix this we need 30 thousand transactions per second . But the Feniks blockchain is capable of more.

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