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Who's the crypto expert here?
RoadTrip
Member, Swaye's Wigwam Posts: 8,138 
in Tug Tavern
If the bill passes to stop the federal reserve from ever creating and forcing upon us? their own crypto currency, what stable coins stand to benefit the most?
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Cardona at $.80?
Sorry didn't mean to write stable coins but other forms of crypto or technologies that enable platforms like Bitcoin. I think Cardona was created to be it's own blockchain and theoretically a more secure version of Etherium? If this bill passes, I would think the industry stands to benefit and wise investments could take off.
I’m the crypto expert. If you’re a believer in stablecoin first off is you need to buy Circle, Paypal stock
For the coins themselves, these are the ones:
USD Coin
Tether
Pax Dollar
TrueUSD
PayPal USD
My bet is on whichever one is backed by the US military. That’s only the dollar as far as I can tell.
Do you mean CRCL? If so, what's its relation to PayPal? The stock itself has done very well. I could see multiple platforms succeeding and helping crypto currency transactions become more ubiquitous in the future. Betting on the right ones now could make you rich.
The real issue is that we are one big democratic election win from once again a huge devaluation of the US dollar as a store of capital. As the dollar is devalued and capital leaves for a more stable substitute it comes down to gold or bitcoin or something else. The left would want to stop that conversion. They made holding gold illegal under democrat FDR in 1933 until republican Ford legalized it in 1974. Today you need to indicate on your tax return if you have a foreign bank account and if you have crypto currency. In a US currency crisis the left and the RINOs would crack down on dollar conversion. So which is easier to hold illegally, gold or crypto, and not be subject to seizure by the US treasury and FBI?
Very good points. I have both. I do believe crypto will win in the end due to technology, security and finite availability.
If/when Stripe goes public they will be a major player here too.
Yes CRCL.
Circle is the issuer of USDC which is growing in institutional adoption thanks to the reduced legal uncertainty
I chose PayPal because through Paxos it’s the issuer PayPal USD
Paypal is an established brand with a huge user base
Those would be my plays
Got it. Interesting stuff here. Need to do some research.
So how does having CRCL tied to the US dollar protect you from dollar devaluation?
Quantum computing may make cryptography obsolete, at least as we know it anyway.
I'm still a believer in crypto especially in the middle term but it is a risk out there.
Gold and silver. Both set to rise substantially. Don't buy paper. Get the actual product.
I linked a Sean Ryan interview with Charles Hoskinson about a week ago and they discussed this exact topic. He emphatically believes QC with strengthen the blockchain.
Bought gold in bar form beginning of this year. Very happy with that.
I think silver has more upside at this point in time after gold has already run up a bunch. Silver is still very affordable and has loads of real world applications.
I think they both will go way up. Gold especially. But silver prices have been manipulated for decades so both should be good.