@Leeleelee003 @Libra_ @USATODAY Libra doesn't jeopardise central banks. Libra will be backed by fiat currencies issued by central banks so it can't replace them by definition. #Libra jeopardises commercial banks. Several billions of people will pay tx fees to the Libra Association instead of commercial banks.
Just swap bitcoin for stblcoins:
"Less than 1% of the world’s population — no more than 40 million people — have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the world’s population lives under an authoritarian regime."
https://t.co/iDDce1FafM
The opportunity for #stablecoins is not in $USD, it is in exotic #currencies because you can truly create a new financial layer for an entire country as no such layer exists for approx 150 countries/currencies.
It would be foolish to ignore Libra, hence we have a telegram group will help us orient ourselves (the Ethereum community) around the launch of the project.
- What it means for Ethereum?
- Opportunities and threats that are emerging?
- Technical analysis
https://t.co/OybM1J30HD
@richy_qiao@DiaryofaMadeMan@AmpleforthOrg@LesterLim15 Stablecoin is a cryptocurrency with a target price. Does Ample has a target price? Yes, $1. If a coin that has a target price is not a stablecoin then what is a stablecoin?
M2 Money Supply of USD is ~$14 trillion. At 3% debasement rate (aka inflation), that means the loss of ~$420 billion PER YEAR in purchasing power. More accurately, the theft of this purchasing power from holders to printers (banks + gov). Greater than all other theft combined.
Good News for Nu holders. Nu will be partnering with @bartertradeio. Funds for the deal have been created and a plan is being put into action for restoring the $1 peg. More detail here: https://t.co/OWPMcHSNLh
The Maker Foundation Interim Risk Team has placed an Executive Vote proposal into the voting system to enact a new #Dai Stability Fee of 16.5%. The Executive Vote is now live at https://t.co/g9vSgxm089.
More info below:
https://t.co/7nqWUIYrlm
#VoteOrDAI
1/ Digesting the Bitfinex New York AG probe
- Bitfinex has a $850M "hole" since late 2018
- The $850M are "stuck" with Crypto Capital, a third party payments processor used by Bitfinex
- Crypto Capital argues the $850M have been seized by govt authorities of various countries
Stablecoins are important in the same way that a bridge is important. You may not care much about the bridge, but without it, the beautiful land beyond is much harder to get to.
1/ Today, we are thrilled to announce that TokenSets is live after the last few weeks in beta. 🚀
For the first time, anyone in the world can acquire a single token to automate trading strategies for crypto.
Set it and Forget it. #SeFi with #DeFi 🛌
https://t.co/lcfswmqdrL
1/14) 211 is the total number of #stablecoin projects announced since 2014 that we have tracked. Of these, 59% are still conducting R&D and not yet trading, 29% are live and 11% are dead due to lack of funding, regulatory issues, or fraudulent behavior.