Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Announcements (Altcoins)
Re: Plutus (PLU) — Earn crypto for making debit card payments!!
by
datguyian
on 30/06/2019, 17:29:43 UTC
Quote from: David_Plutus on June 28, 2019, 02:01:19 PM
Quote from: datguyian on June 28, 2019, 09:25:43 AM
Quote from: David_Plutus on June 26, 2019, 08:15:46 AM
Quote from: BTCCoaster on June 25, 2019, 03:05:57 PM
I always though that the FB coin would be a stablecoin. seems i am wrong. I wonder if there's room to make any profits out of it

In my mind, it made the most sense for it to be a stablecoin. I wonder how it will hold up under the typical volatility of the crypto market what with the typical user likely being averse to high volatility  Huh

It is going to be a stable coin which is backed to 100% by fiat currencies. Fully centralized system so to say. But very useful probably in daily payments.

Oh is that the case? I thought I read somewhere that it was going to be pegged to different cryptos - must have misread! It's an interesting concept, for sure and I'm excited to see how it will play out. It doesn't seem to have landed with a positive sentiment in the cryptosphere though.

If it was backed by various cryptos you would have a hell of volatility, but that wouldn't work for a coin that is supposed to be a medium of exchange.