Quote from: bbc.reporter on October 09, 2021, 01:46:01 AM

I reckon the best time to begin your plan for the bear market is to do it during the bull market. I want to hold American dollars or a dollar equivalent when the bear market arrives, however, I do not feel safe holding centralized stablecoins like USDT, USDC or BUSD. What are the decentralized stablecoins can everyone of you recommend?

I guess there is no purely decentralized stablecoin is available in the market. The only stablecoin which is being called as decentralized is DAI but I am not ready to accept its decentralization. Because, in my opinion a decentralized thing should not be controlled and should be able to mine but this way I am not ready to accept DAI is decentralized one. Moreover, in some sense, a stablecoin cannot be a decentralized one.

I remember someone conducted a naming contest for a mineable (POS algorithm) stablecoin but I am not sure about its launch and any other details.

I am also in plan to sell 1 BTC by end of this year and to hold fiats to buy back BTC by end of 2022. I am a fully KYC cleared in my local exchange hence I may sell my BTC for my fiats and I guess my local exchange will keep functioning without any hacking/bankruptcy problems.