Stablecoins Don’t Work – Says Berkeley Professor Who Doesn’t Own Bitcoin

29 Comments

1. ? Get the Apps! ★ http://cryptoyum.com ★ http://coinpuffs.com
   Sign up for http://yen.io – Social Exchange for the World!
   10 Days of Bitcoin: ? Free Email Course! ★ http://10daysofbitcoin.com

   // GET STARTED
   ? Become a Cryptonaut – Support us on http://patreon.com/pub
   ? Join us at the PUB! – http://thebitcoin.pub
   ?Get a Coinbase Wallet! – http://dctv.co/dctv-coinbase – Sign up!

   // WE DO SOCIAL
   ? Decentralized Newsletter – https://dctv.co/dctv-news
   ? Twitter – https://dctv.co/dctv-twitter
   ? Facebook – https://dctv.co/dctv-fb
   ? Instagram – https://dctv.co/dctv-instagram
   ? Google+ – https://dctv.co/dctv-googleplus
   ✏️ LinkedIn – https://dctv.co/dctv-linkedin
   ? Medium – https://dctv.co/dctv-medium

2. XHV for the win

3. PhD and MBA here and I can tell you that you're 100% right. So many professors have never spent a single day working a non-academic job, and have never owned a company and had to make payroll. Granted theory is the cornerstone of academia, but theory without practical experience can be more harmful than not.

4. What about a Byteball video? Byteball is like Ethereum but it has an end user friendly interface and smart contracts anyone can read (Ethereum is only for developers, end users need to trust developers code). Byteball also uses DAG where Ethereum uses Blockchain

5. RSK, ERISX and BAKKT means BTC/LTC to moon ……………soon!

6. The idea of Stable coins seems to work though having said that the largest stable coin Tether is shady as fuck.

7. Stable coins are only a short term solution for now but in the future they could be bigger than we know it. Now where did I put my tin foil cap?

8. I smashed the like for – lets get rid of college degrees.

9. Why dont stablecoins work? usdt? usdc? Dai? stellar network stablecoins? they are gonna serve a good purpose in the long run.

10. Well said as always brother.

11. And sooo many people go into life long debts to pay these often wrong, arm chair know it alls. I agree with you Peter, let's do away with them.

12. wb

13. black and white checkered floor pattern – Illuminati confirmed -_-

14. Иллюминаты

15. Three master's degrees! How are you still alive how come you are not brain dead?

16. You have to admit it though, this crypto experience wouldn't be as fun without the naysayers.

17. Man I very much miss the old style videos

18. Hey Peter, I understand that Bitcoin has some advantages over fiat. But what justifies its mining protocol? ASIC mining presents an unfair advantage and creates a disproportionate voting weight in its favor. It would be very expensive for Bitcoin miners to give up their ASICs for another voting protocol. With all due respect with the world changing so much, if the Bitcoin protocol isn't fluid with changes in tech, is it actually scaleable with innovation? Maybe Bitcoin has become a placeholder that resists these changes and that is its useful purpose?

19. Proud college drop out right here

20. The professor might be right about not being able to have a stable currency, how weather we can make smart contracts for the use of Geo policy and apply it to the current framework in the form of a smart contract. I think I like that idea lol

21. BTC is the best stablecoin

22. real talk P thanks ??✌

23. The ones that claim they know too much actually know f all. Roger that ??

24. You can't have a "stable coin" in a free market. There is NO SUCH THING! It's a facade…..a "gotcha bitch". A "stable coin" contradicts EVERYTHING a free market is. You cannot stabilize naturally occurring booms and busts in a real market. It goes against the natural laws of basic economics and it seems everyone can't grasp that. Even Andreas talks about that.

25. i love your video bro

26. Good video. Thanks

27. Im taking time off of school to focus on my trading and investments! Been feeling like i have been wasting my time for awhile now taking stupid courses they say are "required" what a fuckin system: Right now, Trying to earn enough to be self sustaining and Im alm0ost there. My day trading and wing trading has been generally successful but my DCA-ing is what has made me the consistent profit! Thanks peter, dropping life changing knowledge

28. Keep up the good job bro!

29. Ah you're back. ?