{"id":2948,"date":"2020-12-09T09:44:56","date_gmt":"2020-12-09T09:44:56","guid":{"rendered":"https:\/\/afluxcoin.com\/44\/the-danger-in-the-stable-coins-thought-experiments-and-the-real-price-of-bitcoin\/"},"modified":"2020-12-09T09:44:56","modified_gmt":"2020-12-09T09:44:56","slug":"the-danger-in-the-stable-coins-thought-experiments-and-the-real-price-of-bitcoin","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/es\/44\/the-danger-in-the-stable-coins-thought-experiments-and-the-real-price-of-bitcoin\/","title":{"rendered":"The danger in the stable coins \u00a0(thought experiments and the real price of Bitcoin)"},"content":{"rendered":"<p>Albert Einstein, when creating first the special and then the general theory of relativity, did use lots of thought experiments. A thought experiment is a metaphor, an explanation to reach understanding by analogy \u2014 like, for example, what happens if we sit and ride on a light beam.This article uses also thought experiments designed to provide analogy and bring clarity in a time of euphoria of a bull crypto-market.It may have been almost 2 years ago when I did answer a question on Quora \u2014 \u2018What is the most dangerous crypto-currency.\u2019 At that time, as well as now, my answer is the same \u2014 it is the group of so-called \u2018stable\u2019 coins.While there are a wide variety of \u2018stable\u2019 coins, I can divide them into 2 groups:- derived from fiat currency: like for ex. USDT \/ Tether and USDC \/ Circle \u2014 receiving fiat USD and giving a crypto-coin which promises its worth is 1 USD- derived from a major crypto coin: like DAI \u2014 receiving Ethereum and giving a crypto-coin which promises its worth is 1 USD, based on the ETH-USD exchange rate at the time of purchase.Please note that I use the verb \u2018promise\u2019. The majority of crypto-traders and crypto-investors are certain that the peg (the 1:1 exchange rate) is guaranteed.But, is it?!After receiving the fiat currency and giving the crypto trader\/investor (fiat-based) stable coins, the crypto-exchange or the \u2018stable\u2019 coin issuer can consider the fiat that was received to be earnings \u2014 to be spent and consumed.A decent exchange\/issuer, on the other hand, treats the fiat received not as an earning but as savings \u2014 to be returned back when demanded.The first example is of a fraudulent exchange or coin issuer. But let\u2019s consider the stable coins obtained from an issuer that I consider to be decent\u2026<\/p>","protected":false},"excerpt":{"rendered":"<p>Albert Einstein, when creating first the special and then the general theory of relativity, did use lots of thought experiments. A thought experiment is a metaphor,<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/2948"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=2948"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/2948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=2948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=2948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=2948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}