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· @bitcoinflood · (edited)
$28.40
er
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vote details (260)
@darmst5339 ·
With the rise in inflation, a good stablecoin will be very useful.  However to keep the same purchasing power you will need your assets to keep up with inflation.  Will the stable coins actually keep up with inflation?
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vote details (1)
@l337m45732 ·
$0.07
If they're going to be backed by assets, it should be a basket of assets. I really love HBD and RAI. RAI is the most interesting ETH backed stable coin.
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vote details (1)
@bitcoinflood ·
More items in the basket less risk if one should go under for whatever reason. Diversification wins

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bitcoinflood/re-l337m45732-reya4)
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vote details (2)
@shortsegments · (edited)
The tale of the Stablecoins is twisted and convoluted, from Tether, the mother of all opacity and centralization to Facebook Libra, and now USDC. THIS CRYPTO niche is huge and has great utility, but is dominated by stable coins backed fiat and legacy securities. The very instruments we fled the legacy system to escape. But we still define things in dollars, so it’s natural I suppose to take two steps forward and one step backwards. 

I am unsure what the decentralized version of this would look like or be backed by… Gold? Bitcoin? NFTs? Anything is possible, we just need the imagination and creativity to think of a better alternative. 

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@sinistry ·
$0.07
It seems stability and risk can't really coexist, so if it isn't backed by a 1:1 ratio how stable can it ultimately be?
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vote details (1)
@wdougwatson ·
$0.07
This is why i prefer algo coins that are a level one solution. 
I currently only know of 2. Hbd(i refuse to put sbd in this group) and ust.
My problem is that usdc is what i enter and exit with as coinbase is my on/off ramp.
Currently my route back to fiat is to go from the blockchain world to nexo, swap to usdc, send to coinbase. 
Until more people will accept crypto in a p2p fashion this is my only choice. 
πŸ‘  
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vote details (1)
@bitcoinflood ·
I totally understand you on the USDC for the on and off ramp of coinbase as I've been thinking about doing the same when I went to start offloading a little. I'd love to see p2p lending and more decentralization to happen and I think we will get there just more development needed.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bitcoinflood/re-wdougwatson-4rnkau)
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@yintercept ·
$0.07
Everything is in flux. So the first question should be: 

To which source should one peg their stable coins? HBD is pegged to the dollar. That might become unstable.

Should we peg to silver or gold. Their prices are unstable. Since people use copper in many goods, it is a good index for economic activity.

Some people like to peg stable coins to a basket of goods. What goods should go in the basket?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@yintercept/re-bitcoinflood-3ifszr)
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vote details (2)
@bitcoinflood ·
Big questions to be asked. Current markets always use USD Fiat currency around the world as it's the leader. I'm guessing that's why it was the first go to for "stable"

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