What the hell is this TrueUSD and USD Coin?? They have now moved up into the Top 40. Goddamn fiat. So now that this is the TrueUSD, what is the actual USD? A bunch of inflated fiat toilet paper?
What is the story about these two coins? What a load of crap.
https://coinmarketcap.com/
peace @clumsysilverdad
They are just generic liquidity coins along the lines of tether that enable exchanges to be able to not have to use their own currency, or tether. During sell offs/corrections, they will inflate like hell as they are stable during crashes, and some people don’t even know they are not selling their crypto for fiat.
Anyhow, just a sign of the times and they will drop during a bull run.
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oh ok... strange but that makes more sense. strange how this market still fumbles around and is so odd in its configuration. but i guess when you think about the u.s. dollar and federal reserve system, it's not so weird after all ! (-:
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Haha yah. It is definitely the Wild West. So good for my old brain to be figuring out new riddles and opportunities.
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life long learning... stay strong !
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Definitely. If you don't spend the next 5 years learning, you have wasted 5 years!
This is handy too when understanding utility and security tokens.
https://steemit.com/finance/@pangoli/let-s-talk-about-utility-assets-and-securities-differences-and-similarities
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Just Fiat shitcoins with no actual sense!
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I agree they're shitcoins but they're mostly to give people a 'stable' coin to hold funds in; it to a degree makes crypto a bit safer and friendlier to our newfriends that might get easily discouraged by losses.
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so do they just represent u.s. dollars, or what the hell is the premise? ty in advance
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Can't speak for them all, but the premise is to either have a stablecoin where 1 USD is forever 1 USD or perhaps have it fluctuate alongside the fiat USD value.
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haha... frankly that sounds like the lamest idea i've ever heard of.
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I'm neutral on it. The plus side is that they can help a lot of newcomers get into crypto without getting too rekt. The downside is everyone wants to create one.
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Well, isn't SBD is suppose to be that?
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yeah, but that's different story... it's the benchmark, not the coin itself.
anyways, "trueUSD", what a stupid concept.
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+1
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