Post
Topic
Board Bitcoin Discussion
Re: Bitcoin main use case now
by
Gyfts
on 07/12/2021, 19:36:04 UTC

For payments and moving funds the stablecoins are definately best ones.
Did you know that the StableCoins, that you use, can mostly be frozen right on your address?

I'm pro Bitcoin but I agree to him, He mention for payment and moving funds meaning you are holding stable coins in a short period of time temporarily. Stablecoins is perfect for payment since it's value is fixed and the transaction speed is fast. Bitcoin value is volatile while it's transaction speed is slow so there's a chance that the value of the Bitcoin that you send will change during the confirmation time. It's good if the price change is positive but what if its a negative change?

Most of the stablecoins right now has a legal license to operate so there's no way that they will freeze randomly your stablecoins unless you get your token on a shady way. We are not on crypto pioneering era where lots of scam from project is happening. Big companies including stablecoins like USDC, PAXOS and many more is moving toward the legal way.

And you're hoping that the value of stable coins remains steady based on the fact whatever stable coin you're using supposedly has assets to protect the value of the coin. I don't see what the benefit is nor do I see how you can trust these operators. The legal right to operate does not make any of these entities anymore trustworthy than had they not had any legal licensing, it doesn't take any less effort for individuals to exit the organization completely and leave any stablecoin holders left with worthless pixels on a screen.