Re: What do you think about stablecoins and price volatility?

Quote from: teddyelwyn on March 13, 2018, 10:02:06 PM

Hey guys, saw this read today about stablecoins and I'm curious what you think about them. Personally not a fan of tether for obvious reasons lol. Heard about the up and coming havven which isn't backed by fiat or gold. All very interesting projects that can lead to everyday transactions.

https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#71d1bb314fc6

I do not like the idea of coins that are pegged to something to become stable I know that such coins offer advantages to traders since they do not have to exchange their cryptocurrencies to fiat all the time, but such coins can be easily manipulated as well since the ones creating that cryptocurrency could state they are holding more dollars or gold than they actually are and when it is discovered they lied the price will drop like a rock.