Quote from: fiulpro on May 18, 2022, 03:50:40 PM

One interesting aspect if CBDCs are going to be launched they can be used as a trading tool instead of USDT since that is certainly not getting any comebacks and have failed the market but people do need some digital currency to trade from therefore I do think that if the time is right and the government is not creating any additional rules and unnecessary regulations regarding trading it can actually be good and it would ofcourse be backed up by the government so it won't be that volatile which what usdt lacked but should have been pegged 1:1. What do you think about it ?

"Permit me to issue and control the money of a nation, and I care not who makes its laws!"

Mayer Amschel Rothschild.

Quote from: AmoreJaz on May 18, 2022, 11:59:40 PM

Quote from: hugeblack on May 18, 2022, 05:00:41 PM

After LUNA hyped, I think that it is better for platforms that provide staking services and for investors to stay away from investing heavily in stablecoins in order to achieve easy and quick profits.
The principle of proving staking in these currencies has proven that it has a point of failure and then the return is like 8 and 10 you will lose if the link between these coins and the value of 1 dollar is broken.

So I don't think this is good news, especially if Coinbase stock investments was bad and the cryptocurrency start a bear market, how will USDC be able to pay the 8% APY?

They got Blackrock backing them. I remember they were holding what ,like 11T in assets?I think personally the smartest thing is Mortgage Backed Securites (MBS) in crypto form , Give it backing so you can earn a yield over a period of time. Makes the most sense to me. Turn slums into A AA AAA. People are over leveraged on their mortgages and with the market acting the way it is , We are at a point when a lot of people are broke. Crime Rises , People can't pay their mortgages , and foreclose , Black rock swoops in and buys all of the property at a discount and then turns them into MBS on the Chain.

Ultimately if you print the money... Who governs you? No one. You can print governments GDPs. You can overthrow governments and cause coups... All you gotta do is Quantitative ease.

Quote from: AmoreJaz on May 18, 2022, 11:59:40 PM

Quote from: hugeblack on May 18, 2022, 05:00:41 PM

After LUNA hyped, I think that it is better for platforms that provide staking services and for investors to stay away from investing heavily in stablecoins in order to achieve easy and quick profits.
The principle of proving staking in these currencies has proven that it has a point of failure and then the return is like 8 and 10 you will lose if the link between these coins and the value of 1 dollar is broken.

So I don't think this is good news, especially if Coinbase stock investments was bad and the cryptocurrency start a bear market, how will USDC be able to pay the 8% APY?

given that USDC is pegged to actual USD assets, what is the likelihood that in time some of its owners will exit this market, creating another catastrophe in the stablecoin industry? im not being pessimistic here but we need to consider worst possible scenario. we can't say, the people behind USDC will forever be loyal to their project. at some point, they may feel exhausted and just want to cash out their share.
it is a good question, how can they sustain the APY offered to their customers?

I think they're gonna use it as a means of bankrupting the citizens , and then take everything at a discount. 2008 is gonna happen again i believe truly...Just this time it'll be digital.

YOU VILL EAT ZEE BUGZ
YOU VILL OWN NOTHING
YOU VILL BE HAPPI

(Klaus)