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?

 

[Woke Monkey]

Pretty sure everyone missed the headline in February when the Winklevoss twins acquired 6 new patents for stablecoins.

https://cointelegraph.com/news/crypto-tycoon-winklevoss-brothers-obtain-six-stablecoin-patents

 

[xynames]

A client recently sent me about five thousand in USDT (tether).

So, what may I do with this? It has been sitting in my primary blockchain wallet with all of my bitcoins that are in that wallet. Am I able to convert it to BTC within my blockchain wallet or I must sell it first?

One downside is that I would have to then verify my identity which that is an old time overseas blockchain wallet where such verification has not been required. In my smaller, Coinbase, wallet I did have to verify everything a while back, but Coinbase doesn't even accept USDT.

I am not so interested in holding tether - only real crypto, like bitcoin.

 

[Woke Monkey]

A client recently sent me about five thousand in USDT (tether).

So, what may I do with this? It has been sitting in my primary blockchain wallet with all of my bitcoins that are in that wallet. Am I able to convert it to BTC within my blockchain wallet or I must sell it first?

One downside is that I would have to then verify my identity which that is an old time overseas blockchain wallet where such verification has not been required. In my smaller, Coinbase, wallet I did have to verify everything a while back, but Coinbase doesn't even accept USDT.

I am not so interested in holding tether - only real crypto, like bitcoin.

Etherdelta, you should be able to convert your USDT to ETH. Then you can transfer the ETH to your Coinbase account and exchange for BTC.

It’s been a while since I’ve used it. You might even be able to convert straight to BTC.

Alternatively you can search for Decentralized exchanges.

 

[NameFu]

If you’d bought and held stable coins at any point you’d be guaranteed a loss against ongoing inflation since its price is at best stagnant. Stable coins is like money in the mattress - even money in the bank at least earns a tiny bit of interest - not enough to overcome inflation, but better than nothing.

On the other hand with Bitcoin currently at record levels you’d be hard pressed to find a losing Bitcoin hodler.

Comparing Stablecoins to mattress money reveals that you apparently don't understand why DeFi is exploding. And it almost sounds like you don't even understand what DeFi is actually. Stablecoins are the critical/core element of DeFi. All the info you need is abundant and freely available...

 

[Woke Monkey]

Stablecoins And The Future Of Gaming

https://www.forbes.com/sites/tatianakoffman/2021/12/28/stablecoins-and-the-future-of-gaming/

 

[Woke Monkey]

Japanese Tech Giant Cleared to Launch First Regulated and Publicly Available JPY-Pegged Stablecoin

https://www.prnewswire.com/news-releases/japanese-tech-giant-cleared-to-launch-first-regulated-and-publicly-available-jpy-pegged-stablecoin-301198893.html

 

[Woke Monkey]

The lack of engagement in this Namepros thread speaks volumes.

One could say it’s enlightening even.

 

[Domainsyrup]

New York Approves Its First Publicly Available Japanese Yen Stablecoin


https://news.bitcoin.com/new-york-first-japanese-yen-stablecoin/

 

[xynames]

A client recently sent me about five thousand in USDT (tether).

So, what may I do with this?

Decided to just keep it, as tether. I already have a ton of bitcoin, and now that is earning 4.4%.

The 12% interest I am now earning on the little bit of stablecoins (tether) I am holding on to, yes, that allows it to beat inflation. But otherwise, five grand put in today, to pull out the same five grand tomorrow - does not beat inflation.

 

[NameFu]

Decided to just keep it, as tether. I already have a ton of bitcoin, and now that is earning 4.4%.

The 12% interest I am now earning on the little bit of stablecoins (tether) I am holding on to, yes, that allows it to beat inflation. But otherwise, five grand put in today, to pull out the same five grand tomorrow - does not beat inflation.

Why are you worried about inflation if you are earning interest? It's better than earning interest on BTC when it's crashing. The point of stablecoins is that they are reliable ("STABLE"). Comparing them to BTC is misguided attempt to understand what they are useful for.

 

[xynames]

I am no longer "worried" BECAUSE I am now earning interest. But not everyone has that luxury, there are some requirements in order to earn interest on any crypto account. As well, interest bearing crypto accounts are a relatively new phenomena. Otherwise though, for example, if I had acquired stable coins only over the past ten years, versus bitcoin, I'd be in abysmal shape compared to where I am by hodling btc.

Luckily, I acquired only five grand in stable coins. The vast majority of my crypto is BTC only, accumulated and hodled over the past ten years. I recommend BTC only!

 

[NameFu]

I am no longer "worried" BECAUSE I am now earning interest. But not everyone has that luxury, there are some requirements in order to earn interest on any crypto account. As well, interest bearing crypto accounts are a relatively new phenomena. Otherwise though, for example, if I had acquired stable coins only over the past ten years, versus bitcoin, I'd be in abysmal shape compared to where I am by hodling btc.

Luckily, I acquired only five grand in stable coins. The vast majority of my crypto is BTC only, accumulated and hodled over the past ten years. I recommend BTC only!

There were no stablecoins 10 years ago lol... Stablecoins are only popular today because of yields. Some people are making up to 60% on stablecoins. You are missing the point by comparing stablecoins to BTC or suggesting to hold either over the other. That's a very narrow view on crypto investing.

 

[Woke Monkey]

Bitcoin, stablecoins and DeFi: 2020’s top-performing crypto assets

https://cointelegraph.com/news/bitcoin-stablecoins-and-defi-2020-s-top-performing-crypto-assets

 

[xynames]

Ten years from now that 5K of stable coins I decided to keep will be worth still only 5K! And 5K of USD won't buy much in ten years compared to what it will buy today. That's inflation.

I can't see anyone giving more than 12% interest on stablecoins. Why would they?

Anyway, the only reason I have any stable coins at all is that I will accept payment in crypto from any client, whenever he wishes to give it to me. And I will hodl. (BTC preferred of course, but if the client wants to pay in some other form, I accept.)

 

[NameFu]

Ten years from now that 5K of stable coins I decided to keep will be worth still only 5K! And 5K of USD won't buy much in ten years compared to what it will buy today. That's inflation.

I can't see anyone giving more than 12% interest on stablecoins. Why would they?

Anyway, the only reason I have any stable coins at all is that I will accept payment in crypto from any client, whenever he wishes to give it to me. And I will hodl. (BTC preferred of course, but if the client wants to pay in some other form, I accept.)

And bitcoin could be worth pennies in 10 years. The truth of the matter is that you are pretending to know for sure that btc will increase in value perpetually but that is only a bet.

Yes, you can earn 60%. Just use Google?

You are again missing the point by comparing btc to stablecoins. I'm done trying to help you get it because you are narrow visioned set on the btc gospel, which may or may not be true, but unrelated nevertheless.

 

[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.