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Showing results for tags 'stablecoin'.
People are going to see that no current stable coin will keep their position for good, there's a new stable coin taking over soon; XRP Who guarantees USDT Tether or TUSD True USD? Eventually US government, and what guarantees them... I wouldn't even want to mention USNBT NuBits...! No matter which governments makes their own digital currency, they all will be inflatory, because no government will hand out their monetary policy to outsiders. Never happen! XRP as the standard for the Internet of Value will be the ultimate stable coin because of these reasons. 1. It will be pegged to all other currencies, assets and commodities that exist or will come later on, as a global centrepiece of value transfer. 2. It is exchangeable to any one of those in 4 seconds when utilising XRPL and inside exchanges even faster, much faster. 3. It is not a "traditional pegging" to any one individual item or currency, but to all of them. Each and every one of them! 4. XRP will be pegged to all of them at any time and all the time, at any place on earth, and all it takes is just few seconds max. 5. No inflatory currency can be the ultimate stable coin when there are deflatory currencies in place, to store that value. 6. It needs no guarantees for value from anyone, when it is guaranteed by all of us all the time. XRP is the ultimate stablecoin, not just yet!
https://www.forbes.com/sites/jasonbloomberg/2018/09/09/enterprise-blockchain-struggles-to-carve-out-a-niche/#116ff9d1600a Interesting take on the state of blockchain. For once a Forbes contributor that isn't a Bitcoin maximalist, and is actually forecasting its doom for the very reason (decentralization) people like Laura Shin are saying it will succeed over XRP. He's pretty hard on XRP though. Although not directly mentioning it, he talks about the speculative nature of most tokens (XRP included) will prevent them from ever having any value - early investors selling and depressing the price of most tokens will prohibit adoption & use. He only mentions Ripple, and spends much more time talking about IBM/Stellar and the introduction of 'StableCoin' on the Stellar blockchain. Overall it's more thoughtful than the usual pieces put out by Forbes, but there's one point he's trying to make that leaves me scratching my head: HUH??? What about ILP? I would love to hear in greater detail as to how he arrived at this conclusion. Yes, there is a lot of hype in this space, but to me, preventing value from copying itself the way information does on the internet is a pretty big problem. And when it is solved, that disruption may not be felt as much in the "West", but there are billions of people whose lives will be changed (hopefully) in a good way. I guess time will tell...