Quote from: bohr on August 18, 2018, 03:55:09 PM

Quote from: hugeblack on July 09, 2018, 07:21:00 PM

In spite of the words mentioned in the article, I consider that stable are not important to the speculators or me.
stablecoins are companies or individuals that want to buy a token/crypto with the guarantee that you will get $ 1 "or any amount" when you want to sell.
So we came back to the central system with a new concept that individuals or companies can create money "We must trust their promises" that is more dangerous than the current financial system.
Also, some decentralized systems "which I think" it is better but still risky.
Its my impression of those currencies.

I am not disagreeing with you but taking into account how long can take to move your crypto to fiat and then to crypto again I suppose that stable coins do give a service to those that really need it and are high volume traders but as say the problem is in the centralization of such services, if at some point it is proven there are not enough dollars or whatever the stable coin is trying to stabilize then the value of the coin will drop to zero since it is not performing its function.

It's almost like an anchor. The reason why people are still not adopting bitcoin in full force is because the slow transaction times make them feel a bit uncertain about how their money is getting converted, and if (the day ever did come) some kind of crash happened, how quickly could they get their money out of there?

Remember in winter when there were Asian exchanges shutting down as the price crashed? People lost a shitload of money just because they couldn't execute trades. Now that really worries me as an investor. It should be instant, directly related to a well established asset (USD or EUR at this time), and painless.