showcase Stablecoin Domains - Showcase and Discuss

[Woke Monkey]

In the middle of all this carnage there’s one industry that’s booming right now.

Stablecoins

Under the radar, stablecoins have experienced hypergrowth over the past few years. Coinbase reports that the total stablecoin market capitalisation has risen to an all-time-high of over $9 billion.

Ethereum-based stablecoins market capitalisation nearly doubled year-to-date to $6.25 Billion.

On top of this, one of the most hyped stablecoin projects, Libra just announced a United States Dollar backed Stablecoin and seems to be moving forward with its updated whitepaper v2. If Libra succeeds, stablecoins backed by several fiat currencies will be released to circulation with potentially immediate mass global adoption.

Has anyone secured any domains in this niche?

 

[xynames]

Bitcoin might decrease in value. Stable coins are guaranteed to decrease in value. This simple point you cannot seem to grasp.

I’m talking about tether (usdt) which is what my client sent to me.

Saying, “Well I may earn interest on the asset,” or the like, is irrelevant to the intrinsic and absolute decrease in buying power of anything that remains fixed at a dollar each.

 

[NameFu]

Bitcoin might decrease in value. Stable coins are guaranteed to decrease in value. This simple point you cannot seem to grasp.

I’m talking about tether (usdt) which is what my client sent to me.

Saying, “Well I may earn interest on the asset,” or the like, is irrelevant to the intrinsic and absolute decrease in buying power of anything that remains fixed at a dollar each.

The stablecoins you invest are guaranteed to gain, btc is a dangerous gamble regardless. Stablecoins are not meant to increase in value, why are you stuck on the fact that they do not? Their purpose is stability so that they can be invested similarly as fiat. Btc could crash back down to 3k next year. Thst is very realistic, dangerous loss in value that could put gamblers on the street. You can't build a financial system on such a coin and everyone knows this, so it's success will be limited, regardless of what the holy btc gospel wants you to believe. The coin is doomed to make way for functional, digital currencies like stablecoins. Keep on talking about inflation while people are earning *guaranteed* gains, not wishful thinking and gambling. If you can't grasp why comparing BTC to stablecoins makes no sense then you don't get the main reason why DeFi has exploded and why it will continue to take over the world monetary system, independent of the gambling going on in the first generation crypto coins.

 

[NameFu]

The stablecoins you invest are guaranteed to gain, btc is a dangerous gamble regardless. Stablecoins are not meant to increase in value, why are you stuck on the fact that they do not? Their purpose is stability so that they can be invested similarly as fiat. Btc could crash back down to 3k next year. Thst is very realistic, dangerous loss in value that could put gamblers on the street. You can't build a financial system on such a coin and everyone knows this, so it's success will be limited, regardless of what the holy btc gospel wants you to believe. The coin is doomed to make way for functional, digital currencies like stablecoins. Keep on talking about inflation while people are earning *guaranteed* gains, not wishful thinking and gambling. If you can't grasp why comparing BTC to stablecoins makes no sense then you don't get the main reason why DeFi has exploded and why it will continue to take over the world monetary system, independent of the gambling going on in the first generation crypto coins.

In fact, if you invest in stablecoins correctly, you could probably make just as much or more than increased value in BTC in "10 years" if you have a long game plan... *guaranteed* vs uncertain BTC gains.

 

[xynames]

Well we can’t get past square one here. You can’t understand why a static asset is a losing proposition in and of itself? Guaranteed ... to lose intrinsic value. But you’re free to keep writing about why you’re in the wrong because the more you write, probably without even realizing it, the more you make my case.

 

[NameFu]

Well we can’t get past square one here. You can’t understand why a static asset is a losing proposition in and of itself? But you’re free to keep writing about why you’re in the wrong because the more you write, probably without even realizing it, the more you make my case.

You keep repeating your self as if I'm disagreeing about inflation lol... My point is not rocket science, but it's beyond your willingness to even try to understand.

I agree that there is no sense in continuing.

 

[Woke Monkey]

@NameFu @xynames

I wish people would stop comparing stablecoins with Bitcoin. They each serve two equally important purposes (transacting & saving). They complete each other, they don’t compete with one another. (Quote, David Marcus)

 

[Woke Monkey]

US Treasury to consider stablecoins as security

https://www.fxstreet.com/cryptocurrencies/news/us-treasury-to-consider-stablecoins-as-security-202012301155

 

[Woke Monkey]

New US Legislation Would Be Massive Setback for Stablecoins if Passed, Says Dragonfly Capital Partner

https://dailyhodl.com/2020/12/29/ne...ins-if-passed-says-dragonfly-capital-partner/

 

[NameFu]

@NameFu @xynames

I wish people would stop comparing stablecoins with Bitcoin. They each serve two equally important purposes (transacting & saving). They complete each other, they don’t compete with one another. (Quote, David Marcus)

Why are you tagging me? I've been saying this whole time that comparing them is misguided. Of course they both play a role in DeFi. BTC is a commodity like gold that can be even used as collateral. We have wrapped WBTC now which is increasingly being used. There is in no way a "either or" comparison.

 

[Domainsyrup]

$29,058,106,098
Market Capitalization
$54,210,019,119
Trading Volume

 

[Woke Monkey]

Just been offered a tidy sum for my domain under a non disclosure agreement.

No counter offer.

It’s not for sale!

 

[Domainsyrup]

$29,058,106,098
Market Capitalization
$54,210,019,119
Trading Volume

$30,353,964,091
Market Capitalization
$51,016,167,076
Trading Volume

 

[Woke Monkey]

$30,353,964,091
Market Capitalization
$51,016,167,076
Trading Volume

Damn!

I called 30 Billion before the end of 2020.

what’s a few hours ey?

 

[Woke Monkey]

Who is afraid of global stablecoins?

 

[Woke Monkey]

I don’t know what happened overnight but I’ve had 5 companies contact me with an interest to buy my Domain.

 

[Woke Monkey]

Banks will get in on Stablecoins in a major way this year.

For Banks, Digital Dollars Demand Stablecoin Strategy

https://www.pymnts.com/digital-firs...ks-digital-dollars-demand-stablecoin-strategy

 

[S M Sumon]

Cashhunk.com

 

[Woke Monkey]

The announcement is coming!

 

[Domainsyrup]

So crazy ! look at the trading volume....
$30,514,112,624
Market Capitalization
$118,593,538,312
Trading Volume

 

[Woke Monkey]

So crazy, look at the trading volume....
$30,514,112,624
Market Capitalization
$118,593,538,312
Trading Volume

This is a drop in the ocean.

 

[Domainsyrup]

This is a drop in the ocean.

Agreed...

 

[Woke Monkey]

Breaking major news from US Treasury OCC, the largest US banking regulator (USOCC), with new guidance allowing US banks to use public blockchains and dollar stablecoins as a settlement infrastructure in the US financial system.

https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html

 

[Woke Monkey]

This is a HUGE way to start 2021, the year that crypto and stablecoins go mass market!

 

[Woke Monkey]

The new interpretive letter establishes that banks can treat public chains as infrastructure similar to SWIFT, ACH and FedWire, and stablecoins like USDC as electronic stored value.

Decentralized, permissionless, open source and internet mediated software is literally becoming the foundation for not just the US financial system but for the global economy.

 

[Woke Monkey]

This is a huge win for crypto and stablecoins!