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Anonymous Wed May 16 16:02:16 2018 No.9467308 [Reply] [Original]

Now poloniex that was bought buy bankers are making their own stable coin. Is it possible that crypto in to future is just Fiat pegged stable coins? Stable coins solve a lot of problems that bitcoin faces. It sounds disappointing if that is the future of crypto but it is possible to start with at least. What do you think biz

>>	Anonymous Wed May 16 16:03:20 2018 No.9467329 Big if true

>>	Anonymous Wed May 16 16:03:40 2018 No.9467340 >>9467308 Are stable coins supposed to be tethered to the usd? How is it supposed to make money?

>>	Anonymous Wed May 16 16:06:33 2018 No.9467398 Circle raises $110 million, plans to create dollar-pegged cryptocurrency

>>	Anonymous Wed May 16 16:16:32 2018 No.9467576 how to stabel coins work? they aren't minable with POW or any sort of blockchain at all.

Anonymous Wed May 16 16:19:16 2018 No.9467626

>>9467576
The stablecoin that Circle is building is pegged 1:1 with their USD reserves (not fractional). You on-ramp your USD through Circle or affiliates and they create you the same number of USDC. You can move these USDC coins to any ERC20 wallet. When someone withdraws USD through Circle or affiliates the same number of USDC is burned (removed from circulating supply).

>>	Anonymous Wed May 16 16:23:02 2018 No.9467713 >>9467626 That's exactly what binance announced today with True USD

>>	Anonymous Wed May 16 16:24:22 2018 No.9467741 >>9467308 Fuck poloniex fuck tether https://medium.com/cryptomedication/uncovering-the-real-cartel-in-bitcoin-65b56a7a00a2

>>	Anonymous Wed May 16 16:33:21 2018 No.9467908 >>9467713 Good. I will 100% continue to use anything except goldman sachs backed exchanges as long as I can.

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