Quote from: avikz on October 20, 2019, 04:20:34 PM

Quote from: micalith on October 20, 2019, 03:17:39 PM

Let's discuss the potential effects of stable coins which are bound to usd or eur. We usually use them to avoid the volatility or short bitcoin in a way. There are many stable coins in the last year. By writing threat, I didn't mean issues like tether's issue. I mean, they are not coins, they are just usd and eur.

Can you give me a valid reason for these stable coins becoming a threat to the crypto economy? I don't think so! These stable coins are made for good reasons! it helps immensely in trading, especially the day traders are benefited the most from it. It is an arguable statement, if these are coins or not! But they are definitely a digital representation of fiat currencies like USD or EUR. It certainly helps protect your capital during a bearing market. I personally don't think they are any threat to the crypto economy rather it helps in growing the crypto economy by allowing the traders to have a straight forward calculation and faster execution!

One of the reason we use bitcoin is because it is fast and cheap, well, there are other altcoins cheaper and faster surely. Stable coins provide fast and low fee transactions too. On the other hand, daily total max volume is not on bitcoin, it is with tether.