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Blog URL: https://xrpcommunity.blog/we-must-lead-crypto-out-of-the-dark-ages/ The cryptomarket must leave environmentally-destructive tech behind to grasp its future; this and all the latest market news about XRP in today's blog! 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: Will the government shutdown delay the introduction of the Token Taxonomy Act in the U.S.? One source says Valentines Day might hold the answer. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Brad Garlinghouse participates in a memorable panel discussion at the Davos World Economic Forum; Tsinghua University Institute for Fintech Research is added to the list of UBRI participants; and Ripple publishes the 2018 Quarter 4 XRP Markets Report; 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Sabine Bertram from Coil creates an application that rewards survey participants with XRP. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: R3 establishes the Corda Network for governance functions, and lands a major win with ING; BTCExa announces a new pairing for XRP; and Freewallet indicates its plans to offer XRP support. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
Very interesting piece on why Stablecoins are not a good solution: https://www.theguardian.com/technology/2018/sep/11/stable-coins-bitcoin-cryptocurrencies-tether?CMP=twt_a-technology_b-gdntech While the mania for cryptocurrencies may have peaked, new units continue to be announced, seemingly by the day. Prominent among the new arrivals are so-called “stable coins.” Bearing names such as Tether, Basis, and Sagacoin, their value is rigidly tied to the dollar, the euro, or a basket of national currencies. It’s easy to see the appeal of these units. Viable monies provide a reliable means of payment, unit of account, and store of value. But conventional cryptocurrencies, such as bitcoin, trade at wildly fluctuating prices, which means that their purchasing power – their command over goods and services – is highly unstable. Hence they are unattractive as units of account. Stable coins purport to solve these problems. Because their value is stable in terms of dollars or their equivalent, they are attractive as units of account and stores of value. They are not mere vehicles for financial speculation. But this doesn’t mean that they are viable. To understand why, it is useful to distinguish three types of stable coin. Barry Eichengreen is professor of economics at the University of California, Berkeley, and a former senior policy adviser at the International Monetary Fund.