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The chatbox would be just a sandbox for trolls, scam coin advertisers and similar ones. The normal users would not benefit from it, moderating a chatbox is much harder and requires much more resources to be effective.
My opinion is that we can live without it...
My opinion is that we can live without it...
And because bitcointalk is the biggest Crypto related Forum with many user each day... I would say that the chat box will also be overloaded.
. SimplyCurrency will be built now.We would follow the Idea of Tether and TrueUSD but instant of staying on one fiat currency we would add more fiat currencies for more people around the globe.
The concept behind tether is already broken. Bitfinex and its shills are making sure to promote it but then the infinite supply of tether which can no longer be audited it without doubt a big black spot in the crypto community. What they are trying to achieve is not what crypto was made for. What their intention of doing so could be manipulation of prices like 2017 bitcoin pump and maybe more coming in future. Quote
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And yes they can declare it as "illegal" but does that mean we need to stop what we are doing? No.
Yes because they will send their law enforcement against you. If you get into legal trouble with a government you will have to face consequences and so will the people using it.Quote
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People can still exchange their currencies and withdraw them 1:1.
They would no longer use it because of their personal loss and nobody would want be involved once it has been declared illegal.If there is a stablecoin backed by every currency in the world then what would be the difference between fiat and crypto that too stable cryptos which are already in place? These coins would be infinitely minted just like any other countries fiat and we would have all of them to deal with. It seems like a very nice idea where people can directly deposit their own fiat and buy that stable coin to trade with other crypto but there are problems in the interconversion of coins.
Again why would a country want its traditional currency into crypto stable currency? They can just declare it "illegal" and you are going out of business. You may find some specific use cases of this project but not so on a large scale.
Again why would a country want its traditional currency into crypto stable currency? They can just declare it "illegal" and you are going out of business. You may find some specific use cases of this project but not so on a large scale.
My idea was not to create a "global currency".
One StableCoin for USD, One StableCoin for EUR, One Stablecoin for RUB ...
We would follow the Idea of Tether and TrueUSD but instant of staying on one fiat currency we would add more fiat currencies for more people around the globe. People like to trade with their own currency like in europe they have their EUR. In Russia their RUB.
And yes they can declare it as "illegal" but does that mean we need to stop what we are doing? No. People can still exchange their currencies and withdraw them 1:1.
Each currency fluctuates based on the economics of that region/country however those fluctuations for each compared to other are not liner. In that case how your Crypto will be valued. For example if USD is going up versus EURO is going down, will this currency go up or down?
Also what problem are you trying to solve by this project? It may also beneficial to state your capabilities (like if you are Developer or Marketer etc.) and what you are looking in your partner to get more interest from people.
My 2 coins...
Also what problem are you trying to solve by this project? It may also beneficial to state your capabilities (like if you are Developer or Marketer etc.) and what you are looking in your partner to get more interest from people.
My 2 coins...
My idea was not to create a "global currency". As you can already see there are currencies like Tether or TrueUSD which are backed by the USD. But as for example if a person wants to use a StableCoin in Europe then he/she only has the choice to use mainly StableCoins which are only backed by USD. Therefore I just want to create a project which will not only have a Stablecoin backed by USD but also for EUR, RUB or other Fiat Currencies. So Europe for example will be able to use StableCoins for EUR or Russia can have a Stablecoin for RUB.
Creating a Stablecoin is easy but currently I think it for this project we need a Developer, a Marketer and a Lawyer.
🔵🔴🔵 Looking for a business partner and exchange partner 🔵🔴🔵
As you already have seen... The Company name will be SimpleCurrency. SimpleCurrency is just an idea which I want to make real but it is not possible to reach that goal alone.
With SimpleCurrency we will have a project which will create StableCoins backed by EUR, USD, RUB and other fiat currencies. Of course there are currently some StableCoins but mostly there are only Coins which are backed by USD but the world is big and there are many countries using different currencies. So why should we not create SimpleCurrency together?
If you are interested in working with me on this Project then don't hesitate to contact me directly.
If you have any criticisms or questions about this project, write them in the comments.
We are also searching for exchanges which want to be in a partnership with us and which would like to list our StableCoins. If you are interested just contact us.
With SimpleCurrency we will have a project which will create StableCoins backed by EUR, USD, RUB and other fiat currencies. Of course there are currently some StableCoins but mostly there are only Coins which are backed by USD but the world is big and there are many countries using different currencies. So why should we not create SimpleCurrency together?
If you are interested in working with me on this Project then don't hesitate to contact me directly.
If you have any criticisms or questions about this project, write them in the comments.
We are also searching for exchanges which want to be in a partnership with us and which would like to list our StableCoins. If you are interested just contact us.