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Which is safest USDC, BUSD or DAI?

| Mini Joker Club | will have versatile and secure self-custody crypto wallet, supporting the world’s major blockchains | Fair Launch In 15 Minutes |

Novoos Ecosystem | Utilities | Auto Staking + Hourly/Daily Jackpot + BUSD dApps Live | Next Gen Launchpad: July | NAC Contract: No Relaunches + No Migrations + No new versions - The Future! | wNOVO dApp ready for wrapping | Presale

Blocvest passive income generating module presale starts 7th July. don't miss out on the opportunity to earn up to 2% compound interest daily. 10% referral bonus on all new presale buys!!

| Baby Goat Zilla | Fair Launch In Few Minutes | Low Mcap | Low Tax | Easy 30 to 50x | Don't Miss This |

| Baby Goat Zilla | NFT Marketplace allowing you to earn BabyGoatZilla selling your Collectibles and Art | Experienced And Well Know Team |

SuperSqueeze (SQZ) – Private sale launching soon! - Earn up to 120% APY with SQZ NFTs! – BUSD rewards - Unique utility. – Daily rewards through price squeezing! – 5 million dollars raised in funding! – Expected to grow exponentially at launch! – CMC instantly on launch.

MetaShib is a Reflect BUSD + Auto Liquidity based tokenomics on Binance Smart chain which aims to be more deflationary | Fair Launch In few Minutes |

| Baby Shinobi |Plays by Degens team who aim to build a community by making projects for their vision to create a safe place to earn on BSC Network | Ready To Launch |

r/CryptoMoonShotsSee Post

What is ItsElonBirthday Token? It is a meme token on the BSC that will build a strong community and ItsElonBirthday NFTs | Fair Launch In Few Minutes |

SuperSqueeze (SQZ) – Private sale launching soon! - Earn up to 120% APY with SQZ NFTs! – BUSD rewards - Unique utility. – Daily rewards through price squeezing! – 5 million dollars raised in funding! – Expected to grow exponentially at launch! – CMC and Coingecko instantly on launch.

MDB | Make DeFi Better | Complete Ecosystem Generating Passive Income | High APY | Exclusive NFTs Launching This Week | Liquidity Backed Over 550% | Most Undervalued Token in DeFi Right Now

A "free" way to DCA in these trying times.

| Shib 2.0 | Real Hype In Community | Based Dev | Last PRoject Did 127x | Don't Miss This one | Fair Launch In 10 minutes |

r/CryptoMarketsSee Post

Binance launches a borrowable asset and lowers interest rates

GROWBUSD - Next 100x Reward Token with 7% BUSD Rewards! Launching Today! Join Now before launch!

HippoInu.io First Memes Aggregator - Presale coming in 30 mins - 10x Coming - 2% Reward in BUSD - Stake Hippo - Create meme tokens - Hurry Up!

GROWBUSD - Next 100x Reward Token with 7% BUSD Rewards! Launch 10 minutes ago! Mooning like crazy!!

r/CryptoMoonShotsSee Post

GROWBUSD - Next 100x Reward Token with 7% BUSD Rewards! Launching Today! Join Now before launch!

PIP, a web3 service provider to traditional platforms, has achieved 10 out of 14 features in its 2nd quarter 2022 roadmap. We'll also see them add BSC, BNB and BUSD support.

HippoInu.io First Memes Aggregator - Presale coming in 6 hours - 10x Coming - 2% Reward in BUSD - Stake Hippo - Create meme tokens - Hurry Up!

GROWBUSD - Next 100x Reward Token with 7% BUSD Rewards! Launching Tomorrow! Join Now before launch!

WEB3 Revgen - New project taking bsc by storm 100 BNB Buy Back Inbound!

Dexminer Finance | KYC + Audit | Presale Ends in 5hr! - 150BNB Sold | Fixed APY 596,247.10% | Dexminer is a decentralized financial asset that rewards users with a sustainable fixed interest model through the use of its unique Rebase protocol | Collection NFT's | Strong Community & Experienced Team

You can simply buy & hold OG FLOKI tokens and get rewarded in famous $BNB on every transaction! With the auto-claim feature, you’ll receive $BNB automatically in your wallet every 120 minutes | Fair Launch In Few minutes |

Dino BUSD / Just Launched / Earn 8% Daily / Lottery / Passive Income / DeFi Club

Dexminer Finance | KYC + Audit | Presale Ends in 24hr! - Soft Cap Filled - 100BNB Sold | Dexminer is a decentralized financial asset that rewards users with a sustainable fixed interest model through the use of its unique Rebase protocol | Multi Chain | Strong Community & Experienced Team | Join NOW

Payment in crypto?

r/CryptoMoonShotsSee Post

Black Hole Protocol ($BHP), Decentralized Science (DeSci) // Algorithmic Farming and Auto Redistribution // Dashboard Live // 3% $BUSD Reflections on Every Transaction // Contract Address Verified // DOXXED Team // Audited by TechRate // Launch on TODAY, 14:00 UTC

KongCoin is the future metaverse of web3 | Just Launched | Huge rewards for holders | Kyced & audited | Vibrant Community backed by well-Known team | Next Gem Token

Pet Floki is a decentralized and peer-to-peer marketplace for metaverse services to provide more value to the ecosystem by connecting metaverse invertors and hosts with its platform | Stealth Launch Very Soon |

Black Hole Protocol ($BHP), Decentralized Science (DeSci) // Algorithmic Farming and Auto Redistribution // Dashboard Live // 3% $BUSD Reflections on Every Transaction // Contract Address Verified // Airdrop and Shill Contest Available // Launch on Tomorrow, 15:00 UTC

$3,000 BUSD HamsterCoin X BSC Daily X @Chainplaygg Airdrop Event 🔥

Dexminer Finance | KYC + Audit | Presale Live! - Soft Cap Filled | Dexminer is a decentralized financial asset that rewards users with a sustainable fixed interest model through the use of its unique Rebase protocol | Strong Community & Experienced Team

r/CryptoCurrencySee Post

Binance US Offers Zero Trading Fees for Bitcoin Spot Pairs

what is the safest Stable Coin and What is the cheapest network out there ?

r/CryptoMoonShotsSee Post

Are you ready to make a deal with the Actor Shiba | Going To Launch IN 10 Minutes | Don't Miss This |

SuperSqueeze (SQZ) – Private sale launching soon! - Earn up to 120% APY with SQZ NFTs! – BUSD rewards - Unique utility. – Daily rewards through price squeezing! – 5 million dollars raised in funding! – Expected to grow exponentially at launch! – CMC and Coingecko instantly after presale.

Dexminer Finance | KYC + Audit | Presale Live! | Dexminer $DXM is a decentralized Multi Chain Auto Staking and Auto Compounding DEFIN3.0 Protocol financial asset with rewards in $BUSD its investors and a fixed APY up to 596,247.10% | Strong Community & Experienced Team

Billionaire Squid is an automatic reward token that offers 3 % rewards in BUSD automatically sent to your wallet | Experienced Team | Based Dev | Fair Launch In 5 Minutes |

Black Hole Protocol ($BHP), Decentralized Science (DeSci) // Algorithmic Farming and Auto Redistribution // Dashboard Available // 3% $BUSD Reflections on Every Transaction // Contract Address Verified // Launch on 24/06

r/CryptoMarketsSee Post

PIP, a web3 service provider to traditional platforms, has achieved 10 out of 14 features in its 2nd quarter 2022 roadmap. We'll also see them add BSC, BNB and BUSD support.

SuperSqueeze (SQZ) – Private sale launching soon! - Earn up to 120% APY with SQZ NFTs! – BUSD rewards - Unique utility. – Daily rewards through price squeezing! – 5 million dollars raised in funding! – Expected to grow exponentially at launch! – CMC and Coingecko instantly after presale.

Mice Shiba is here to bring value to its WEB3.0 community through its shift to a more decentralized environment. $MSHIB will be our governance token | Ready To launch With Less Members Just 100 Active Members |

Y5 Finance - Creating a bridge between DEX and CEX with a focus on long term passive income

Y5 Finance - Creating a bridge between DEX and CEX with a focus on long term passive income

r/CryptoCurrencySee Post

I own the Solend Whale Wallet. I am liquidating my entire SOL holdings today

r/CryptoMoonShotsSee Post

SuperSqueeze (SQZ) – Private sale launching soon! - Earn up to 120% APY with SQZ NFTs! – BUSD rewards - Unique utility. – Daily rewards through price squeezing! – 5 million dollars raised in funding! – Expected to grow exponentially at launch! – CMC and Coingecko instantly after presale. (Next Big

r/CryptoMoonShotsSee Post

Safe Squid Inu is a next generation Reward token with Massive Potential! Trusted Dev & Team and have attracted the best community on TG!! Fair Launch In 15 Minutes |

r/CryptoMoonShotsSee Post

Baby ApeCoin | 5% BUSD Reflections & Contract Audit Underway | Just Launched | Low MC | CoinMarketCap & CoinGecko Soon | Metaverse, NFTs | Community Giveaways | Newest 1000X BSC Gem

MDB & MDB+ | 100% BUSD Backed Appreciating Stable Token That Cannot Go Down In Value | APY 70% on Stable Rewards | Member's Only Millionaire's Club | Exclusive Mint of 500 NFTs Offering Lifetime Rewards | Get Whitelist For NFTs Now!

Finance Protocol | Private Sale is live | Auto Staking | Auto Compounding | Lamborghini giveaway for investors | Audited by TechRate | 907,032.14% APY

SEGtoken Contract Renounced Now, Save Every Gorilla. Low cap gem + based team, moonshot incoming!

$fubtc FUbitcoin is the newest coin on the BSC with 10% BUSD rewards. Bullish name, Bullish chart, still only 27k MC

$FUbitcoin live on the BSC. 10% BUSD rewards, bullish name and a diamond hand community. 27k MC and rising

SEGtoken fair launched 2.5K$ Marketcap, Next BSC Gem. Did you miss FEG and SafeMoon don't miss this one!

USDT needs to go.

r/CryptoMoonShotsSee Post

Black Hole Protocol ($BHP), Decentralized Science (DeSci) // Algorithmic Farming and Auto Redistribution // 3% $BUSD Reflections on Every Transaction // Contract Address Verified // Launch on 24/06

SEGtoken fair launched 2K$ Marketcap, family of FEG let's Safe Every Gorilla based team, Locked LP and contract verified!

YieldLock.Finance the first Triple reward protocol with ADM ( Anti-Dump Mechanics )

r/CryptoMoonShotsSee Post

Stealth Launch SEG (Safe Every Gorilla) 2K$ Marketcap, LP locked, contract verified, Next BSC Gem!

r/CryptoMoonShotsSee Post

Safe Every Gorilla stealth launch now! Based Dev, Feed Every Gorilla but this time we safe Them, BUSD Rewards for holders!

r/CryptoMoonShotsSee Post

SEG stealth launch today Safe Every Gorilla, Did you miss FEG Feed Every Gorrila? Don't miss this next BSC Gem!

r/CryptoMoonShotsSee Post

SuperSqueeze (SQZ) – Presale Soon! - Earn up to 120% APY with SQZ NFTs! – BUSD rewards - Unique utility. – Daily rewards through price squeezing! – 5 million dollars raised in funding! – Expected to grow exponentially at launch! – CMC and Coingecko instantly after presale. (Next Big Project)

r/CryptoMoonShotsSee Post

Novoos Ecosystem | Utilities | Auto Staking - Hourly/Daily Jackpot + BUSD dApps Live | Next Gen Launchpad - June | NAC Contract - No Relaunches | No Migrations | No new versions - The Future! | wNOVO dApp ready for wrapping | Presale

r/CryptoCurrencySee Post

Why are these stable coins pumping?? BUSD and RAI??

r/CryptoCurrencySee Post

Why did BUSD and RAI pump? Has anyone else noticed these stable coins pumping????

r/CryptoMoonShotsSee Post

Baby Squid Inh 100 % Stealth Launch Soon - 3% BUSD rewards Locked LP Web game coming soon Big Marketing Planned 4 % wallet for each developer where rewards are seen as salary for their work, rest of the tokens are liquidated 2 devs with different areas of expertise

r/CryptoMoonShotsSee Post

SuperSqueeze (SQZ) – Presale Soon! - Earn up to 120% APY with SQZ NFTs! – BUSD rewards - Unique utility. – Daily rewards through price squeezing! – 5 million dollars raised in funding! – Expected to grow exponentially at launch! – CMC and Coingecko instantly after presale. (Next Big Project)

r/CryptoCurrencySee Post

What stablecoin SHOULD we buy?

r/CryptoMoonShotsSee Post

| Pepe Elon | Token By ELON's FAN COMMUNITY lots of whales and strong holders eagerly wait for this Launch ..Fair Launch In Few Minuted |

r/CryptoMoonShotsSee Post

| Shiba Frog Inu | Innovative and unique tokenomics with a special fairlaunch. Getting higher than the highest mountains | Fair Launch Soon |

r/CryptoMoonShotsSee Post

| Shiba Frog Inu | Innovative and unique tokenomics with a special fairlaunch. Getting higher than the highest mountains | Fair Launch Soon |

r/CryptoMoonShotsSee Post

The Trander - KYC + audit next BSC Gem! - Bullet NFT Airdrop - P2E Platform - Huge Potential - CMC & CG Applied

r/CryptoMoonShotsSee Post

| Shiba Frog Inu | Innovative and unique tokenomics with a special fairlaunch. Getting higher than the highest mountains | Fair Launch Soon |

r/CryptoMoonShotsSee Post

The Trander - KYC + audit next BSC Gem! - Bullet NFT Airdrop - P2E Platform - Huge Potential - CMC & CG Applied

r/CryptoMoonShotsSee Post

The Trander - KYC + audit next BSC Gem! - Bullet NFT Airdrop - P2E Platform - Huge Potential - CMC & CG Applied

r/CryptoMoonShotsSee Post

| Shiba Frog Inu | Innovative and unique tokenomics with a special fairlaunch. Getting higher than the highest mountains | Fair Launch Soon |

r/CryptoMoonShotsSee Post

| Shiba Frog Inu | Innovative and unique tokenomics with a special fairlaunch. Getting higher than the highest mountains | Fair Launch Soon |

r/CryptoMoonShotsSee Post

| Shiba Frog Inu | Innovative and unique tokenomics with a special fairlaunch. Getting higher than the highest mountains | Fair Launch Soon |

r/CryptoMoonShotsSee Post

| Shiba Frog Inu | Innovative and unique tokenomics with a special fairlaunch. Getting higher than the highest mountains | Fair Launch Soon |

r/CryptoMoonShotsSee Post

| Shiba Frog Inu | Innovative and unique tokenomics with a special fairlaunch. Getting higher than the highest mountains | Fair Launch Soon |

r/CryptoMoonShotsSee Post

| Shiba Frog Inu | Innovative and unique tokenomics with a special fairlaunch. Getting higher than the highest mountains | Fair Launch Soon |

r/CryptoMoonShotsSee Post

| Shiba Frog Inu | Innovative and unique tokenomics with a special fairlaunch. Getting higher than the highest mountains | Fair Launch Soon |

r/CryptoMoonShotsSee Post

| Shiba Frog Inu | Innovative and unique tokenomics with a special fairlaunch. Getting higher than the highest mountains | Fair Launch Soon |

r/CryptoMoonShotsSee Post

| Shiba Frog Inu | Innovative and unique tokenomics with a special fairlaunch. Getting higher than the highest mountains | Fair Launch Soon |

r/CryptoMoonShotsSee Post

| Shiba Frog Inu | Innovative and unique tokenomics with a special fairlaunch. Getting higher than the highest mountains | Fair Launch Soon |

r/CryptoMoonShotsSee Post

BUSDOGE fair launched 16K$ Marketcap now, Dev is Doxxed + KYC + Audit, Huge marketing and CG and CMC aplied!

r/CryptoMoonShotsSee Post

The Trander - KYC + audit next BSC Gem! - Bullet NFT Airdrop - P2E Platform - Utility in place - Big Partnership

r/CryptoMoonShotsSee Post

The Trander - KYC + audit next BSC Gem! - Bullet NFT Airdrop - P2E Platform - Low Marketcap - Verified Contract

r/CryptoMoonShotsSee Post

KongCoin is the future metaverse of web3 | Just Launched | Huge rewards for holders | Kyced & audited | Vibrant Community backed by well-Known team | Next Gem Token

r/CryptoMoonShotsSee Post

BUSDOGE fair launched 12K$ Marketcap, Doxxed Project + Audit + KYC, CG and CMC Incoming!

r/CryptoMoonShotsSee Post

The Trander - KYC + audit next BSC Gem! - Bullet NFT Airdrop - P2E Platform - Launching Now on BSC - Liquidity Lock

r/CryptoMoonShotsSee Post

| SquidGame2.0 | Another Token Based On Netflix Series Goin To Launch On BSC Chain | Hype Is Insane Could Be Next 1000x Token | Keep Watching This | Dev and Team Is Based And Experienced |

r/CryptoCurrencySee Post

Binance stablecoin BUSD dropped to 0.2 USD and got back on 6/13. As a community we need explanation, even more after Terra and USDD recent depegs.

r/CryptoCurrencySee Post

Binance stablecoin BUSD dropped to 0.2 USD and got back on 6/13. As a community we need explanation

r/CryptoMoonShotsSee Post

Shiba Rise Up is an All-in-One DeFi Banking App built on Binance Smart Chain (BSC) | Fair Launch Soon |

r/CryptoMoonShotsSee Post

$BUSDY || The Lastest Heart-Throb on BSC || Squirts BUSD Rewards || TiddyTwister Out Now || Dev Team always active in VC || BUSDY Keeps "Coming"

r/CryptoMoonShotsSee Post

Finance Protocol | 907,032.14% APY | Auto Staking | Private Sale is live | Auto Compounding | Lamborghini giveaway for investors & Audited by TechRate

r/CryptoMoonShotsSee Post

Novoos Ecosystem | Utilities | Auto Staking - Hourly/Daily Jackpot - BUSD Dash Live | Next Gen Launchpad - June | NAC Contract - No Relaunches | No Migrations | No new versions - The Future! | wNOVO dApp ready for wrapping | Presale

Mentions

This is what FTX does. They have a couple other stables they do this with as well (BUSD and GUSD I think.)

#USDC Pro-Arguments Below is an argument written by I-play-too-much-PUBG which won 3rd place in the USDC Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > USDC is the best stablecoin and here is why. > > > > > > > 1. USDC is transparent. Nothing is hidden in USDC due to its publicly verifiable attestations. This means it is much harder for criminal activity such as money laundering to occur. > > > > > 2. USDC is safe. USDC is backed by (debatably) the strongest economy in the world unlike some other stablecoins such as BUSD or DAI. USDC is only truly comparable to other US dollar backed coins such as USDT. > > > > > With that argument someone might say that USDT is also backed by the US dollar. With that, I follow with another argument. > > > > > 3. Due to the transparency and security of USDC, there is little to no “fairy money” or creation of cryptocurrency without being backed by anything. This is the strongest reason why USDC is superior to USDT. > > > > > > > 4. Although USDC is backed by the US dollar (centralized) it actually supports defi. USDC is an ERC-20 based token therefore it can be used by any dApp built on the ethereum network. > > > > > > In conclusion, USDT is currently used more and has a higher market cap than USDC, but USDC has stronger infrastructure and is more likely to be used largely in the future due to it being in support of defi. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mln/top_10_usd_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_USD_Coin) to find arguments on this topic in other rounds.

No it doesn't. You can't compare USDD's backing in volatile assets to the like of USDC, BUSD and EEUR's stable assets backing. I prefer to have a stablecoin backed by a stable real asset.

So I bought a little of this shitcoin kwp that was supposed to pump. it did but now that I want to swap it on PancakeSwap for let's say BUSD, there are 2 buttons; one is 'Enable kwp' (to swap) and the other is the swap button which will be activated after I successfully click the enable button. here's the thing, I click on enable but nothing happens. I have tried on PC and phone and a couple of other solutions but it doesn't seem to work. does it mean it's a skam and my money is lost? fortunately I didn't buy a bunch but man I thought I was getting a little bit of breath in this bear market. Any help?

Mentions:#BUSD

The surprise was the BUSD and USDT charts being $100-200 out of sync.

Mentions:#BUSD#USDT

USDT convert into BUSD which will promptly depeg

Mentions:#USDT#BUSD

>BUSD the only safe choice left? Dai is and always has been the safest choice

Mentions:#BUSD

What do you think about Circle (USDC) maybe being on the brink of bankruptcy? BUSD the only safe choice left?

Mentions:#USDC#BUSD

geez, you don't have to fail in all scenarios. Use USDC or BUSD instead. ;)

Mentions:#USDC#BUSD

I've stopped trading with shady usdt. Better safe than sorry. BUSD is much better (fully backed). https://paxos.com/busd/

Mentions:#BUSD

Well specifically for BTC, yes, temporarily due to this promotion only. In terms of directly answering the OPs question, I suppose that's the most important but in general it's important to realise you can trade fee free on *all* coins on Binance. For other pairs, it depends. **All** BUSD pairs for **maker** are zero fee due to a promotion that has been active at Binance for about two years now. This is quite important as it makes the BTC promotion potentially irrelevant as you really can execute 0% fees on Binance for all coins, and likely will be able to even after the BTC promotion ends. Apart from BTC during this time frame, you will always have to pay a fee if your spot OR margin order doesn't go on the order book (that is, executes immediately). It is critical that the limit order does ***not*** execute immediately to do so, though, which is why I am pointing out its importance.

Mentions:#BTC#BUSD

A lot of people like USDC. I think BUSD (Paxos) is fine too.

Mentions:#USDC#BUSD

Well, USDC and BUSD are pretty safe imo.

Mentions:#USDC#BUSD

This isn't wholly correct, though it's close enough. A market order will simply purchase/sell according to whatever is present on the order book at the time : this is always, by definition, a taker order. A limit order simply imposes a maximum (buy) or minimum (sell) when the order will take place, and they can execute immediately provide the conditions are still met. If the conditions are immediately met, it's a taker order. If not, it goes on the order book and is instead a maker order (which are fee free on Binance for BUSD pairs). What you are describing above is technically a maker order vs a taker order.

Mentions:#BUSD

FWIW all BUSD exchange pairs (i.e. all coins, not just Bitcoin) are free for **maker** orders, but not taker orders. If your order goes on the order book (as in, not immediately filled) you do not pay any fees. A market order is always a taker order. So you need to further breakdown limit orders if you want to understand the full free structure on Binance (and many other exchanges that charge different maker vs taker fees).

Mentions:#BUSD

Interesting BTC against BUSD has pulled under 20k again but not against USDT (yet).

Since lending platforms and cexs and not looking very nice right now, I have moved all my crypto to ledger. The problem is I hold some USDC and BUSD and they are on BEP20 (Binance Smart Chain). It seems highly unlikely but if something happens to Binance, will I be ok on BEP20? Thank you for the help

Mentions:#USDC#BUSD

#USDC Pro-Arguments Below is an argument written by I-play-too-much-PUBG which won 3rd place in the USDC Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > USDC is the best stablecoin and here is why. > > > > > > > 1. USDC is transparent. Nothing is hidden in USDC due to its publicly verifiable attestations. This means it is much harder for criminal activity such as money laundering to occur. > > > > > 2. USDC is safe. USDC is backed by (debatably) the strongest economy in the world unlike some other stablecoins such as BUSD or DAI. USDC is only truly comparable to other US dollar backed coins such as USDT. > > > > > With that argument someone might say that USDT is also backed by the US dollar. With that, I follow with another argument. > > > > > 3. Due to the transparency and security of USDC, there is little to no “fairy money” or creation of cryptocurrency without being backed by anything. This is the strongest reason why USDC is superior to USDT. > > > > > > > 4. Although USDC is backed by the US dollar (centralized) it actually supports defi. USDC is an ERC-20 based token therefore it can be used by any dApp built on the ethereum network. > > > > > > In conclusion, USDT is currently used more and has a higher market cap than USDC, but USDC has stronger infrastructure and is more likely to be used largely in the future due to it being in support of defi. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mln/top_10_usd_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_USD_Coin) to find arguments on this topic in other rounds.

#Bitcoin Con-Arguments Below is an argument written by bkcrypt0 which won 1st place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin is failing its original mission, and institutional interest is going to make things worse. > > **Background** > > Satoshi Nakamoto was a financial revolutionary out to counter the fiat money presses that destroy a currency's value with inflation (looking at you Turkey and the U.S.) The method—create a currency with a fixed supply, mined liked gold to make it scarce, and digitally transferable anywhere in the world between any parties. > > **Lack of Stability** > > Bitcoin can't be used as a global currency to replace fiat and eliminate politicized money printing because it has to hold its value steady over time. > > Why? > > People work for dollars, euros, yen, or yuan because there is relative stability in their paychecks from week to week. Their food, rent/mortgage, clothing, energy costs are also relatively stable (inflation is the cost for using that particular currency, but it beats a 50% drop in value over the course of a few months, and most inflation around the world isn't as bad as Turkey or Venezuela.) > > Imagine being paid a flat 1BTC / year for a particular job. But you live in the U.S. and the value of that BTC just dropped over the course of the year by 50%. Your lease is fixed over 12 months. Your food costs are the same or maybe even higher. Not only do you still get hit with local inflation, your buying power just dropped by half. > > This is why over $155B\* have flowed into stable coins like USDT, USDC, BUSD, UST, and DAI) > > **Lack of Accountability** > > The relatively anonymous transfer of value between parties was supposed to be a positive aspect of bitcoin. Your money, so do what you want with it. The problem is, there are a lot of other people that also want anonymity — human traffickers, dangerous drug smugglers, crime syndicates, tax evaders. Sure they can also use USD (and most of them do), but they are also traceable if they enter the global financial system. > > Making it easier for criminals to evade authorities makes everyone less safe. And sure, no one likes to pay taxes, but consider the alternative. Roads, schools, social services, some hospitals, police and fire departments, they all rely on taxes. > > **Lack of security** > > Unlike gold, which is pretty much indestructible, Bitcoin holdings depend on keeping seed phrases secure. If there were a house fire a gold bar might melt, but it can be reformed. A hardware wallet will be destroyed and any seed phrases stored on paper will be gone. That's part of gold's appeal as a store of value. > > Also, were there to be an internet outage in any widespread way, Bitcoin is useless as a transaction currency (part of the appeal of physical paper money and metal coins.) While unlikely, this scenario speaks to the lack of overall security in Bitcoin as a means of exchange (it has other benefits like cryptographic security, but its lack of physicality poses problems with public perception, and practical uses.) > > **Acts like fiat, moves like fiat . . .** > > Bitcoin remains highly correlated to traditional finance markets (two recent readings were the highest they've been -- see link below) and doesn't exactly act as a hedge against inflation when it plummets in the face of, well, high inflation. > > What this shows is that big money is controlling Bitcoin (and by association the rest of crypto) by reacting in the same risk-off reaction when inflation flares up. > > It goes something like this: > > * When inflation rises, the Fed tightens money supply to slow things down. > * Big money flees from riskier assets like company stock (they likely won't be as profitable in a high inflation world) > * Stock prices drop \[and here's the problem\] > * Money does not flow INTO crypto as a hedge against this risk, it also flees. > > **Conclusion** > > Fighting fiat money printing excesses was never going to be easy, but as with most revolutions, unintended consequences often derail the original vision. > > For one, government policies can avert the worst of political impulses. That doesn't require a wholesale financial market revolution. > > U.S. inflation has also been remarkably low for well over two decades. It was a once in a century global pandemic that forced a massive print run of dollars. > > Bitcoin has also become just another a plaything for the rich, a commodity to be bought and sold for profit rather than the antidote to centralized money creation. And because even larger stacks of fiat are on the sidelines waiting to jump in, volatility is going to get even worse with big swings as fund managers chase and take profits. > > None of this means Bitcoin has no value in global finance. It just means it isn't going to serve the purpose as originally intended. > > \------------------ > > * For Bitcoin correlation to stocks see: [https://seekingalpha.com/news/3784018-how-does-bitcoin-correlate-with-us-dollar-stocks-other-asset-classes](https://seekingalpha.com/news/3784018-how-does-bitcoin-correlate-with-us-dollar-stocks-other-asset-classes) > * Stablecoin totals for the five mentioned above were calculated on 1/11/21 from CoinMarketCap - [https://coinmarketcap.com/](https://coinmarketcap.com/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lpo/top_10_bitcoin_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/v2re03/monthly_optimists_discussion_june_2022/).

Only BUSD and USDC. And even then, only to a point.

Mentions:#BUSD#USDC

I'm not into stablecoins that much, but if I had to trust one, it would be BUSD because it's backed by the biggest exchange out there. Maybe I'm just silly.

Mentions:#BUSD

In BUSD we trust. Staking my DCA funding.

Mentions:#BUSD

only in 7 days from 08/06 for the first time stETH lost peg to 0.97 to 14/06 Celsius announced to stop depositing and withdrawing assets, during this period Alameda has continuously swapped about $88m from stETH -> ETH and transferred a huge amount of stablecoins to the FTX exchange \~1b Stablecoins include: 560m USDC, 235m USDT, 120m BUSD, Alameda also transferred a large amount of other tokens such as: AXS, LINK, FTM, FTT total value up to \~300m. So the question is: In less than 7 days and the market is very unstable, Alameda transferred a large number of assets to FTX for what?

I won't even advise anyone to go for it. It's backed by people who want 60% APY. USDD works the same way UST worked, but with TRX. It's safer to hold BUSD, USDC, and EEUR stablecoins that are fully backed.

#USDC Pro-Arguments Below is an argument written by I-play-too-much-PUBG which won 3rd place in the USDC Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > USDC is the best stablecoin and here is why. > > > > > > > 1. USDC is transparent. Nothing is hidden in USDC due to its publicly verifiable attestations. This means it is much harder for criminal activity such as money laundering to occur. > > > > > 2. USDC is safe. USDC is backed by (debatably) the strongest economy in the world unlike some other stablecoins such as BUSD or DAI. USDC is only truly comparable to other US dollar backed coins such as USDT. > > > > > With that argument someone might say that USDT is also backed by the US dollar. With that, I follow with another argument. > > > > > 3. Due to the transparency and security of USDC, there is little to no “fairy money” or creation of cryptocurrency without being backed by anything. This is the strongest reason why USDC is superior to USDT. > > > > > > > 4. Although USDC is backed by the US dollar (centralized) it actually supports defi. USDC is an ERC-20 based token therefore it can be used by any dApp built on the ethereum network. > > > > > > In conclusion, USDT is currently used more and has a higher market cap than USDC, but USDC has stronger infrastructure and is more likely to be used largely in the future due to it being in support of defi. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mln/top_10_usd_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_USD_Coin) to find arguments on this topic in other rounds.

I’m looking at LUNC/BUSD, but it likely doesn’t have the full data

Mentions:#LUNC#BUSD

You could of got into the launch and bought through the daily auction at .0001 to .005 and sold at .54 cents. Now there is a new one called [Rex.io](https://Rex.io) with daily auctions and big money behind it starting July 1st for the daily auction phase. The liquidity phase already started. Thats where you invest BUSD into the LP and get free REX which is distributed after the 222 days of auctions at 10% per month. Hex was launched in a bear market and Rex is now launched in another bear market. As for hex people dont really trust it but I can tell you one thing, the owner took out a lot of money during this bear market so it would make people not sell. To stay in their positions. Much like every token has done. If you call hex a scam, you can just about call every cryptocurrency a scam. Theyre all the same. Nothing is life changing in this business. Every single owner started their token as a cash grab for themselves.

Mentions:#BUSD

DEXes won't support fiat to crypto as they are mainly crypto <--> crypto But one could argue that you could buy BUSD or USDC on an exchange as a large amount, withdraw to your cold storage wallet, and then perform DCA from time to time on a DEX like Uniswap. That would be a way of doing it via a Dex. Not sure if other DEXes support setting up a recurring buy. Easiest option would be to set up a weekly DCA on coinbase, and then from time to time (i.e. monthly) withdraw to your wallet.

We need to slowly start mooving to USDC or BUSD and make usdt volume go low slowly, instant collapse will give u an opportunity to buy Bitcoin at etherium price definitely

Mentions:#USDC#BUSD

I don't use BUSD mate so i couldn't say but i'll take a stab in the dark and say anything is better than tether.

Mentions:#BUSD

So BUSD > USDT?

Mentions:#BUSD#USDT

I really can't imagine when the recession starts, I think fiat will be valueless as I expect there will be like a money printing is happening real soon. I think my last option will be converting my fiat into stables, so far USDC and BUSD are safer. I would love to explore on Polkadot projects like moonbeam or Equilibrium and buy during the crash market and if EQ is tradable already.

Mentions:#USDC#BUSD#EQ

#USDC Pro-Arguments Below is an argument written by I-play-too-much-PUBG which won 3rd place in the USDC Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > USDC is the best stablecoin and here is why. > > > > > > > 1. USDC is transparent. Nothing is hidden in USDC due to its publicly verifiable attestations. This means it is much harder for criminal activity such as money laundering to occur. > > > > > 2. USDC is safe. USDC is backed by (debatably) the strongest economy in the world unlike some other stablecoins such as BUSD or DAI. USDC is only truly comparable to other US dollar backed coins such as USDT. > > > > > With that argument someone might say that USDT is also backed by the US dollar. With that, I follow with another argument. > > > > > 3. Due to the transparency and security of USDC, there is little to no “fairy money” or creation of cryptocurrency without being backed by anything. This is the strongest reason why USDC is superior to USDT. > > > > > > > 4. Although USDC is backed by the US dollar (centralized) it actually supports defi. USDC is an ERC-20 based token therefore it can be used by any dApp built on the ethereum network. > > > > > > In conclusion, USDT is currently used more and has a higher market cap than USDC, but USDC has stronger infrastructure and is more likely to be used largely in the future due to it being in support of defi. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mln/top_10_usd_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_USD_Coin) to find arguments on this topic in other rounds.

BUSD and USDC are backed just fine.

Mentions:#BUSD#USDC

BUSD is backed by PAXOS which is regulated by the New York State Department of Financial Services (NYDFS). more importantly they have monthly **audits** rather than attestations which shows that they have 96% in cash or cash equivalent and rest in US treasury bills So it is better than USDT

Mentions:#BUSD#USDT

Can you please tell how BUSD is backed ?

Mentions:#BUSD

Which is why we have been repeatedly saying "don't use USDT, there are other alternatives" Alternatives like USDC or BUSD are also centralised, but they are better backed than Tether.

I use Binance There I have recurring buy each week from my bank and I use auto invest on daily basis with my BUSD amount

Mentions:#BUSD

Laughs in BUSD

Mentions:#BUSD

#Bitcoin Con-Arguments Below is an argument written by bkcrypt0 which won 1st place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin is failing its original mission, and institutional interest is going to make things worse. > > **Background** > > Satoshi Nakamoto was a financial revolutionary out to counter the fiat money presses that destroy a currency's value with inflation (looking at you Turkey and the U.S.) The method—create a currency with a fixed supply, mined liked gold to make it scarce, and digitally transferable anywhere in the world between any parties. > > **Lack of Stability** > > Bitcoin can't be used as a global currency to replace fiat and eliminate politicized money printing because it has to hold its value steady over time. > > Why? > > People work for dollars, euros, yen, or yuan because there is relative stability in their paychecks from week to week. Their food, rent/mortgage, clothing, energy costs are also relatively stable (inflation is the cost for using that particular currency, but it beats a 50% drop in value over the course of a few months, and most inflation around the world isn't as bad as Turkey or Venezuela.) > > Imagine being paid a flat 1BTC / year for a particular job. But you live in the U.S. and the value of that BTC just dropped over the course of the year by 50%. Your lease is fixed over 12 months. Your food costs are the same or maybe even higher. Not only do you still get hit with local inflation, your buying power just dropped by half. > > This is why over $155B\* have flowed into stable coins like USDT, USDC, BUSD, UST, and DAI) > > **Lack of Accountability** > > The relatively anonymous transfer of value between parties was supposed to be a positive aspect of bitcoin. Your money, so do what you want with it. The problem is, there are a lot of other people that also want anonymity — human traffickers, dangerous drug smugglers, crime syndicates, tax evaders. Sure they can also use USD (and most of them do), but they are also traceable if they enter the global financial system. > > Making it easier for criminals to evade authorities makes everyone less safe. And sure, no one likes to pay taxes, but consider the alternative. Roads, schools, social services, some hospitals, police and fire departments, they all rely on taxes. > > **Lack of security** > > Unlike gold, which is pretty much indestructible, Bitcoin holdings depend on keeping seed phrases secure. If there were a house fire a gold bar might melt, but it can be reformed. A hardware wallet will be destroyed and any seed phrases stored on paper will be gone. That's part of gold's appeal as a store of value. > > Also, were there to be an internet outage in any widespread way, Bitcoin is useless as a transaction currency (part of the appeal of physical paper money and metal coins.) While unlikely, this scenario speaks to the lack of overall security in Bitcoin as a means of exchange (it has other benefits like cryptographic security, but its lack of physicality poses problems with public perception, and practical uses.) > > **Acts like fiat, moves like fiat . . .** > > Bitcoin remains highly correlated to traditional finance markets (two recent readings were the highest they've been -- see link below) and doesn't exactly act as a hedge against inflation when it plummets in the face of, well, high inflation. > > What this shows is that big money is controlling Bitcoin (and by association the rest of crypto) by reacting in the same risk-off reaction when inflation flares up. > > It goes something like this: > > * When inflation rises, the Fed tightens money supply to slow things down. > * Big money flees from riskier assets like company stock (they likely won't be as profitable in a high inflation world) > * Stock prices drop \[and here's the problem\] > * Money does not flow INTO crypto as a hedge against this risk, it also flees. > > **Conclusion** > > Fighting fiat money printing excesses was never going to be easy, but as with most revolutions, unintended consequences often derail the original vision. > > For one, government policies can avert the worst of political impulses. That doesn't require a wholesale financial market revolution. > > U.S. inflation has also been remarkably low for well over two decades. It was a once in a century global pandemic that forced a massive print run of dollars. > > Bitcoin has also become just another a plaything for the rich, a commodity to be bought and sold for profit rather than the antidote to centralized money creation. And because even larger stacks of fiat are on the sidelines waiting to jump in, volatility is going to get even worse with big swings as fund managers chase and take profits. > > None of this means Bitcoin has no value in global finance. It just means it isn't going to serve the purpose as originally intended. > > \------------------ > > * For Bitcoin correlation to stocks see: [https://seekingalpha.com/news/3784018-how-does-bitcoin-correlate-with-us-dollar-stocks-other-asset-classes](https://seekingalpha.com/news/3784018-how-does-bitcoin-correlate-with-us-dollar-stocks-other-asset-classes) > * Stablecoin totals for the five mentioned above were calculated on 1/11/21 from CoinMarketCap - [https://coinmarketcap.com/](https://coinmarketcap.com/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lpo/top_10_bitcoin_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/v2re03/monthly_optimists_discussion_june_2022/).

I want to let everyone know that https://Rex.io launched. It's a certificate of deposit on Binance Smart chain that has three audits. Certik, solidity finance and an economic audit. It's been peer reviewed and has been through many testnets. With Rex you can stake your Rex for yield. You can buy and sell stakes on the dex. There are 222 days of daily auctions to mint the total supply. You can create a stake for 222 or more and get hit with a guaranteed big pay day which pays you back all BUSD that you invested in Rex with. You can be hit multiple times. You can harvest yield if by scraping the stake if you create a revocable stake.

Mentions:#BUSD

Why won't you invest in stablecoins, the fact that UST and a couple of others failed woefully doesn't represent all stables as the likes of USDC and BUSD are properly backed. To the question, I would rather keep 2500 in stables as current market conditions haven't signify a reversal to be on the books so staking the stables to get amazing returns via Spool will be a good option.

Mentions:#USDC#BUSD

#Bitcoin Con-Arguments Below is an argument written by bkcrypt0 which won 1st place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin is failing its original mission, and institutional interest is going to make things worse. > > **Background** > > Satoshi Nakamoto was a financial revolutionary out to counter the fiat money presses that destroy a currency's value with inflation (looking at you Turkey and the U.S.) The method—create a currency with a fixed supply, mined liked gold to make it scarce, and digitally transferable anywhere in the world between any parties. > > **Lack of Stability** > > Bitcoin can't be used as a global currency to replace fiat and eliminate politicized money printing because it has to hold its value steady over time. > > Why? > > People work for dollars, euros, yen, or yuan because there is relative stability in their paychecks from week to week. Their food, rent/mortgage, clothing, energy costs are also relatively stable (inflation is the cost for using that particular currency, but it beats a 50% drop in value over the course of a few months, and most inflation around the world isn't as bad as Turkey or Venezuela.) > > Imagine being paid a flat 1BTC / year for a particular job. But you live in the U.S. and the value of that BTC just dropped over the course of the year by 50%. Your lease is fixed over 12 months. Your food costs are the same or maybe even higher. Not only do you still get hit with local inflation, your buying power just dropped by half. > > This is why over $155B\* have flowed into stable coins like USDT, USDC, BUSD, UST, and DAI) > > **Lack of Accountability** > > The relatively anonymous transfer of value between parties was supposed to be a positive aspect of bitcoin. Your money, so do what you want with it. The problem is, there are a lot of other people that also want anonymity — human traffickers, dangerous drug smugglers, crime syndicates, tax evaders. Sure they can also use USD (and most of them do), but they are also traceable if they enter the global financial system. > > Making it easier for criminals to evade authorities makes everyone less safe. And sure, no one likes to pay taxes, but consider the alternative. Roads, schools, social services, some hospitals, police and fire departments, they all rely on taxes. > > **Lack of security** > > Unlike gold, which is pretty much indestructible, Bitcoin holdings depend on keeping seed phrases secure. If there were a house fire a gold bar might melt, but it can be reformed. A hardware wallet will be destroyed and any seed phrases stored on paper will be gone. That's part of gold's appeal as a store of value. > > Also, were there to be an internet outage in any widespread way, Bitcoin is useless as a transaction currency (part of the appeal of physical paper money and metal coins.) While unlikely, this scenario speaks to the lack of overall security in Bitcoin as a means of exchange (it has other benefits like cryptographic security, but its lack of physicality poses problems with public perception, and practical uses.) > > **Acts like fiat, moves like fiat . . .** > > Bitcoin remains highly correlated to traditional finance markets (two recent readings were the highest they've been -- see link below) and doesn't exactly act as a hedge against inflation when it plummets in the face of, well, high inflation. > > What this shows is that big money is controlling Bitcoin (and by association the rest of crypto) by reacting in the same risk-off reaction when inflation flares up. > > It goes something like this: > > * When inflation rises, the Fed tightens money supply to slow things down. > * Big money flees from riskier assets like company stock (they likely won't be as profitable in a high inflation world) > * Stock prices drop \[and here's the problem\] > * Money does not flow INTO crypto as a hedge against this risk, it also flees. > > **Conclusion** > > Fighting fiat money printing excesses was never going to be easy, but as with most revolutions, unintended consequences often derail the original vision. > > For one, government policies can avert the worst of political impulses. That doesn't require a wholesale financial market revolution. > > U.S. inflation has also been remarkably low for well over two decades. It was a once in a century global pandemic that forced a massive print run of dollars. > > Bitcoin has also become just another a plaything for the rich, a commodity to be bought and sold for profit rather than the antidote to centralized money creation. And because even larger stacks of fiat are on the sidelines waiting to jump in, volatility is going to get even worse with big swings as fund managers chase and take profits. > > None of this means Bitcoin has no value in global finance. It just means it isn't going to serve the purpose as originally intended. > > \------------------ > > * For Bitcoin correlation to stocks see: [https://seekingalpha.com/news/3784018-how-does-bitcoin-correlate-with-us-dollar-stocks-other-asset-classes](https://seekingalpha.com/news/3784018-how-does-bitcoin-correlate-with-us-dollar-stocks-other-asset-classes) > * Stablecoin totals for the five mentioned above were calculated on 1/11/21 from CoinMarketCap - [https://coinmarketcap.com/](https://coinmarketcap.com/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lpo/top_10_bitcoin_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/v2re03/monthly_optimists_discussion_june_2022/).

#Bitcoin Con-Arguments Below is an argument written by bkcrypt0 which won 1st place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin is failing its original mission, and institutional interest is going to make things worse. > > **Background** > > Satoshi Nakamoto was a financial revolutionary out to counter the fiat money presses that destroy a currency's value with inflation (looking at you Turkey and the U.S.) The method—create a currency with a fixed supply, mined liked gold to make it scarce, and digitally transferable anywhere in the world between any parties. > > **Lack of Stability** > > Bitcoin can't be used as a global currency to replace fiat and eliminate politicized money printing because it has to hold its value steady over time. > > Why? > > People work for dollars, euros, yen, or yuan because there is relative stability in their paychecks from week to week. Their food, rent/mortgage, clothing, energy costs are also relatively stable (inflation is the cost for using that particular currency, but it beats a 50% drop in value over the course of a few months, and most inflation around the world isn't as bad as Turkey or Venezuela.) > > Imagine being paid a flat 1BTC / year for a particular job. But you live in the U.S. and the value of that BTC just dropped over the course of the year by 50%. Your lease is fixed over 12 months. Your food costs are the same or maybe even higher. Not only do you still get hit with local inflation, your buying power just dropped by half. > > This is why over $155B\* have flowed into stable coins like USDT, USDC, BUSD, UST, and DAI) > > **Lack of Accountability** > > The relatively anonymous transfer of value between parties was supposed to be a positive aspect of bitcoin. Your money, so do what you want with it. The problem is, there are a lot of other people that also want anonymity — human traffickers, dangerous drug smugglers, crime syndicates, tax evaders. Sure they can also use USD (and most of them do), but they are also traceable if they enter the global financial system. > > Making it easier for criminals to evade authorities makes everyone less safe. And sure, no one likes to pay taxes, but consider the alternative. Roads, schools, social services, some hospitals, police and fire departments, they all rely on taxes. > > **Lack of security** > > Unlike gold, which is pretty much indestructible, Bitcoin holdings depend on keeping seed phrases secure. If there were a house fire a gold bar might melt, but it can be reformed. A hardware wallet will be destroyed and any seed phrases stored on paper will be gone. That's part of gold's appeal as a store of value. > > Also, were there to be an internet outage in any widespread way, Bitcoin is useless as a transaction currency (part of the appeal of physical paper money and metal coins.) While unlikely, this scenario speaks to the lack of overall security in Bitcoin as a means of exchange (it has other benefits like cryptographic security, but its lack of physicality poses problems with public perception, and practical uses.) > > **Acts like fiat, moves like fiat . . .** > > Bitcoin remains highly correlated to traditional finance markets (two recent readings were the highest they've been -- see link below) and doesn't exactly act as a hedge against inflation when it plummets in the face of, well, high inflation. > > What this shows is that big money is controlling Bitcoin (and by association the rest of crypto) by reacting in the same risk-off reaction when inflation flares up. > > It goes something like this: > > * When inflation rises, the Fed tightens money supply to slow things down. > * Big money flees from riskier assets like company stock (they likely won't be as profitable in a high inflation world) > * Stock prices drop \[and here's the problem\] > * Money does not flow INTO crypto as a hedge against this risk, it also flees. > > **Conclusion** > > Fighting fiat money printing excesses was never going to be easy, but as with most revolutions, unintended consequences often derail the original vision. > > For one, government policies can avert the worst of political impulses. That doesn't require a wholesale financial market revolution. > > U.S. inflation has also been remarkably low for well over two decades. It was a once in a century global pandemic that forced a massive print run of dollars. > > Bitcoin has also become just another a plaything for the rich, a commodity to be bought and sold for profit rather than the antidote to centralized money creation. And because even larger stacks of fiat are on the sidelines waiting to jump in, volatility is going to get even worse with big swings as fund managers chase and take profits. > > None of this means Bitcoin has no value in global finance. It just means it isn't going to serve the purpose as originally intended. > > \------------------ > > * For Bitcoin correlation to stocks see: [https://seekingalpha.com/news/3784018-how-does-bitcoin-correlate-with-us-dollar-stocks-other-asset-classes](https://seekingalpha.com/news/3784018-how-does-bitcoin-correlate-with-us-dollar-stocks-other-asset-classes) > * Stablecoin totals for the five mentioned above were calculated on 1/11/21 from CoinMarketCap - [https://coinmarketcap.com/](https://coinmarketcap.com/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lpo/top_10_bitcoin_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/v2re03/monthly_optimists_discussion_june_2022/).

Yes they did decrypt the private keys that were in encrypted in storage https://twitter.com/stse/status/1540896630320246785 >5/ The attacker was able to access and decrypt a number of these keys, some of which were used to sign the unauthorized transactions. Stolen assets include BUSD, USDC, ETH, and WBTC. Its likely North Korea aka Lazarus Group. This type of hack is right up their alley.

tldr; Harmony's Horizon bridge was exploited last week for $100 million in various tokens including FRAX, FXS, wETH, wBTC, AAVE, SUSHI, USDT, and BUSD. The attacker is sending 100 ETH to Tornado Cash every six minutes. The hacker has already mixed more than $12 million through the privacy-enabling protocol. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

That's a lot to tell any reasonable person to stay away. It's just another Ponzi waiting to crash. It's either BUSD, USDC or EEUR or nothing as long as it concerns stablecoins.

#USDC Pro-Arguments Below is an argument written by I-play-too-much-PUBG which won 3rd place in the USDC Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > USDC is the best stablecoin and here is why. > > > > > > > 1. USDC is transparent. Nothing is hidden in USDC due to its publicly verifiable attestations. This means it is much harder for criminal activity such as money laundering to occur. > > > > > 2. USDC is safe. USDC is backed by (debatably) the strongest economy in the world unlike some other stablecoins such as BUSD or DAI. USDC is only truly comparable to other US dollar backed coins such as USDT. > > > > > With that argument someone might say that USDT is also backed by the US dollar. With that, I follow with another argument. > > > > > 3. Due to the transparency and security of USDC, there is little to no “fairy money” or creation of cryptocurrency without being backed by anything. This is the strongest reason why USDC is superior to USDT. > > > > > > > 4. Although USDC is backed by the US dollar (centralized) it actually supports defi. USDC is an ERC-20 based token therefore it can be used by any dApp built on the ethereum network. > > > > > > In conclusion, USDT is currently used more and has a higher market cap than USDC, but USDC has stronger infrastructure and is more likely to be used largely in the future due to it being in support of defi. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mln/top_10_usd_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_USD_Coin) to find arguments on this topic in other rounds.

Algorithmic stablecoins & tether can't be trusted but you can still get yield on BUSD or USDC on various big centralised exchanges as you DCA into the bigger market cap projects that you believe will last I would suggest something along those lines - no finacial advice

Mentions:#BUSD#USDC

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Mentions:#BUSD

🔥 Oracle Capital 🔥 🔹Turn $1,000 into upto $1,033,910 in 12 months! 🔹Reflections in BUSD (Stable Coin) 🔹Referral fee total 2% (Lifetime Income) ✅ KYC Verified (Contract Checker) ✅ Professional Team ✅ Double Major Audit Security (Solidity + Contract checker) ✅ Coinmarketcap ✅ Bscscan Logo ✅ Dapp Ready ✅ AMA Saphire 11 am - 17 June 2022 utc ✅ AMA Avstar 2 pm - 17 June 2022 utc ✅ AMA Venom 3 pm - 17 June 2022 utc ✅ AMA Caesar 3 pm - 19 June 2022 utc ✅ Pinksale Trending ✅ 3x softcap ✅ 500 Holders ✅ 1000 Holders ✅ Bidaocalls ✅ Click to earning NFT ✅ Click to earn Snapshoot V.1 Future marketing plans : 🔥 trustwallet logo 🔥 blockfolio 🔥 dappradar 🔥 certik audit 🔥 skynet 🔥 travlad AMA 🔥 Golum AMA 🔥 Youtube influencer 🔥 coingecko 🔥 cmc trending 🔥 dextool trending 🔥 dextool ads 🔥 ads bscscan 🔥 big campaign 🔥 dapp v.2 🔥 first burn 🔥 more influencer onboard, 🔥 listing dex 🔥 Many more check on our web

Mentions:#BUSD

🔥 Oracle Capital 🔥 🔹Turn $1,000 into upto $1,033,910 in 12 months! 🔹Reflections in BUSD (Stable Coin) 🔹Referral fee total 2% (Lifetime Income) ✅ KYC Verified (Contract Checker) ✅ Professional Team ✅ Double Major Audit Security (Solidity + Contract checker) ✅ Coinmarketcap ✅ Bscscan Logo ✅ Dapp Ready ✅ AMA Saphire 11 am - 17 June 2022 utc ✅ AMA Avstar 2 pm - 17 June 2022 utc ✅ AMA Venom 3 pm - 17 June 2022 utc ✅ AMA Caesar 3 pm - 19 June 2022 utc ✅ Pinksale Trending ✅ 3x softcap ✅ 500 Holders ✅ 1000 Holders ✅ Bidaocalls ✅ Click to earning NFT ✅ Click to earn Snapshoot V.1 Future marketing plans : 🔥 trustwallet logo 🔥 blockfolio 🔥 dappradar 🔥 certik audit 🔥 skynet 🔥 travlad AMA 🔥 Golum AMA 🔥 Youtube influencer 🔥 coingecko 🔥 cmc trending 🔥 dextool trending 🔥 dextool ads 🔥 ads bscscan 🔥 big campaign 🔥 dapp v.2 🔥 first burn 🔥 more influencer onboard, 🔥 listing dex 🔥 Many more check on our web

Mentions:#BUSD

🔥 Oracle Capital 🔥 🔹Turn $1,000 into upto $1,033,910 in 12 months! 🔹Reflections in BUSD (Stable Coin) 🔹Referral fee total 2% (Lifetime Income) ✅ KYC Verified (Contract Checker) ✅ Professional Team ✅ Double Major Audit Security (Solidity + Contract checker) ✅ Coinmarketcap ✅ Bscscan Logo ✅ Dapp Ready ✅ AMA Saphire 11 am - 17 June 2022 utc ✅ AMA Avstar 2 pm - 17 June 2022 utc ✅ AMA Venom 3 pm - 17 June 2022 utc ✅ AMA Caesar 3 pm - 19 June 2022 utc ✅ Pinksale Trending ✅ 3x softcap ✅ 500 Holders ✅ 1000 Holders ✅ Bidaocalls ✅ Click to earning NFT ✅ Click to earn Snapshoot V.1 Future marketing plans : 🔥 trustwallet logo 🔥 blockfolio 🔥 dappradar 🔥 certik audit 🔥 skynet 🔥 travlad AMA 🔥 Golum AMA 🔥 Youtube influencer 🔥 coingecko 🔥 cmc trending 🔥 dextool trending 🔥 dextool ads 🔥 ads bscscan 🔥 big campaign 🔥 dapp v.2 🔥 first burn 🔥 more influencer onboard, 🔥 listing dex 🔥 Many more check on our web

Mentions:#BUSD

#USDC Pro-Arguments Below is an argument written by I-play-too-much-PUBG which won 3rd place in the USDC Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > USDC is the best stablecoin and here is why. > > > > > > > 1. USDC is transparent. Nothing is hidden in USDC due to its publicly verifiable attestations. This means it is much harder for criminal activity such as money laundering to occur. > > > > > 2. USDC is safe. USDC is backed by (debatably) the strongest economy in the world unlike some other stablecoins such as BUSD or DAI. USDC is only truly comparable to other US dollar backed coins such as USDT. > > > > > With that argument someone might say that USDT is also backed by the US dollar. With that, I follow with another argument. > > > > > 3. Due to the transparency and security of USDC, there is little to no “fairy money” or creation of cryptocurrency without being backed by anything. This is the strongest reason why USDC is superior to USDT. > > > > > > > 4. Although USDC is backed by the US dollar (centralized) it actually supports defi. USDC is an ERC-20 based token therefore it can be used by any dApp built on the ethereum network. > > > > > > In conclusion, USDT is currently used more and has a higher market cap than USDC, but USDC has stronger infrastructure and is more likely to be used largely in the future due to it being in support of defi. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mln/top_10_usd_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_USD_Coin) to find arguments on this topic in other rounds.

Converted my USDT to BUSD cos it won’t be nice losing money on a “stable coin”

Mentions:#USDT#BUSD

BUSD, GUSD and TUSD are also good alternatives.

#USDC Pro-Arguments Below is an argument written by I-play-too-much-PUBG which won 3rd place in the USDC Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > USDC is the best stablecoin and here is why. > > > > > > > 1. USDC is transparent. Nothing is hidden in USDC due to its publicly verifiable attestations. This means it is much harder for criminal activity such as money laundering to occur. > > > > > 2. USDC is safe. USDC is backed by (debatably) the strongest economy in the world unlike some other stablecoins such as BUSD or DAI. USDC is only truly comparable to other US dollar backed coins such as USDT. > > > > > With that argument someone might say that USDT is also backed by the US dollar. With that, I follow with another argument. > > > > > 3. Due to the transparency and security of USDC, there is little to no “fairy money” or creation of cryptocurrency without being backed by anything. This is the strongest reason why USDC is superior to USDT. > > > > > > > 4. Although USDC is backed by the US dollar (centralized) it actually supports defi. USDC is an ERC-20 based token therefore it can be used by any dApp built on the ethereum network. > > > > > > In conclusion, USDT is currently used more and has a higher market cap than USDC, but USDC has stronger infrastructure and is more likely to be used largely in the future due to it being in support of defi. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mln/top_10_usd_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_USD_Coin) to find arguments on this topic in other rounds.

If you decide on Binance then buy some BNB too coz the fee is a little less of you pay through BNB + with BUSD there is zero buying fee except BTC/BUSD pair afair

Mentions:#BNB#BUSD#BTC

BUSD earning 10% on Binance

Mentions:#BUSD

I believe they have BUSD on Harmony, so you could trade it into that, then bridge the BUSD over to BSC

Mentions:#BUSD

Seems like they're working hard, good job on deciding to add BSC BNB and BUSD.

Mentions:#BNB#BUSD

USDC, USDT, BUSD, DAI or any other one that isn’t an under collateralized algorithmic stable coin

I like the simplicity, it is good for growth and reaching out of crypto. &#x200B; saved you a click >PIP, a web3 service provider to traditional platforms, has achieved 10 out of 14 features in its 2nd quarter 2022 roadmap. Following the launch of its social tokens, the web3 platform has only four features left to introduce this 2nd quarter, namely PIP.ME social integrations, BSC integration, BNB Support, and BUSD Support. Later this year, PIP will launch its LinkedIn and GitHub integrations and token swaps features. To the uninitiated, PIP is a service that integrates web3 functionalities into legacy social platforms. Through PIP, users of services that can be integrated with cryptocurrencies can buy and sell NFTs and receive cryptocurrency tips. Interestingly, the platform can simply be installed as a free browser extension. Users can just connect their phantom wallets to PIP and then integrate their social media accounts like Twitter (NYSE:TWTR) and Twitch. According to information provided to CQ, now “PIP Button” can be integrated into the websites of content creators and service owners. This extension will allow their respective platforms to generate extra revenue streams. Notably, the service employs a no-coding payment button that aids any user to integrate blockchain payment systems to monetize their content even without coding knowledge. The feature requires no signups and account registrations. Content creators can just select a currency, customize the button, and embed the button on any of their websites. The PIP button currently supports Solana (SOL) for transactions, including trading pairs with USDC, PIP, SERUM, RAY, KIN, and ORCA, among others.

**Your submission has been removed because 1 submission with a similar title has been posted on the subreddit in the past.** **OP:** /u/not_a_fuccboi **Date:** 2022-06-26 18:43:41 **Duplicates:** N | User | Date | Posted... | Similarity | Title :-:|:-:|:-:|:-:|:-:|:-:|:-: 1| [/u/not_a_fuccboi](https://www.reddit.com/user/not_a_fuccboi) | 2022-06-25 17:54:02 | 1 day 49 minutes before | [95%](https://www.reddit.com/r/CryptoMoonShots/comments/vkkh3o/growbusd_next_100x_reward_token_with_7_busd/) | [GROWBUSD - Next 100x Reward Token with 7% BUSD Rewards! Launching Tomorrow!...](https://redd.it/vkkh3o) I am a bot. If you believe this was sent in error, reply to this comment and a moderator will review your post. **Do not delete your post or moderators won't be able to review it.**

Mentions:#OP#BUSD

#USDC Pro-Arguments Below is an argument written by I-play-too-much-PUBG which won 3rd place in the USDC Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > USDC is the best stablecoin and here is why. > > > > > > > 1. USDC is transparent. Nothing is hidden in USDC due to its publicly verifiable attestations. This means it is much harder for criminal activity such as money laundering to occur. > > > > > 2. USDC is safe. USDC is backed by (debatably) the strongest economy in the world unlike some other stablecoins such as BUSD or DAI. USDC is only truly comparable to other US dollar backed coins such as USDT. > > > > > With that argument someone might say that USDT is also backed by the US dollar. With that, I follow with another argument. > > > > > 3. Due to the transparency and security of USDC, there is little to no “fairy money” or creation of cryptocurrency without being backed by anything. This is the strongest reason why USDC is superior to USDT. > > > > > > > 4. Although USDC is backed by the US dollar (centralized) it actually supports defi. USDC is an ERC-20 based token therefore it can be used by any dApp built on the ethereum network. > > > > > > In conclusion, USDT is currently used more and has a higher market cap than USDC, but USDC has stronger infrastructure and is more likely to be used largely in the future due to it being in support of defi. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mln/top_10_usd_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_USD_Coin) to find arguments on this topic in other rounds.

#Bitcoin Con-Arguments Below is an argument written by bkcrypt0 which won 1st place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin is failing its original mission, and institutional interest is going to make things worse. > > **Background** > > Satoshi Nakamoto was a financial revolutionary out to counter the fiat money presses that destroy a currency's value with inflation (looking at you Turkey and the U.S.) The method—create a currency with a fixed supply, mined liked gold to make it scarce, and digitally transferable anywhere in the world between any parties. > > **Lack of Stability** > > Bitcoin can't be used as a global currency to replace fiat and eliminate politicized money printing because it has to hold its value steady over time. > > Why? > > People work for dollars, euros, yen, or yuan because there is relative stability in their paychecks from week to week. Their food, rent/mortgage, clothing, energy costs are also relatively stable (inflation is the cost for using that particular currency, but it beats a 50% drop in value over the course of a few months, and most inflation around the world isn't as bad as Turkey or Venezuela.) > > Imagine being paid a flat 1BTC / year for a particular job. But you live in the U.S. and the value of that BTC just dropped over the course of the year by 50%. Your lease is fixed over 12 months. Your food costs are the same or maybe even higher. Not only do you still get hit with local inflation, your buying power just dropped by half. > > This is why over $155B\* have flowed into stable coins like USDT, USDC, BUSD, UST, and DAI) > > **Lack of Accountability** > > The relatively anonymous transfer of value between parties was supposed to be a positive aspect of bitcoin. Your money, so do what you want with it. The problem is, there are a lot of other people that also want anonymity — human traffickers, dangerous drug smugglers, crime syndicates, tax evaders. Sure they can also use USD (and most of them do), but they are also traceable if they enter the global financial system. > > Making it easier for criminals to evade authorities makes everyone less safe. And sure, no one likes to pay taxes, but consider the alternative. Roads, schools, social services, some hospitals, police and fire departments, they all rely on taxes. > > **Lack of security** > > Unlike gold, which is pretty much indestructible, Bitcoin holdings depend on keeping seed phrases secure. If there were a house fire a gold bar might melt, but it can be reformed. A hardware wallet will be destroyed and any seed phrases stored on paper will be gone. That's part of gold's appeal as a store of value. > > Also, were there to be an internet outage in any widespread way, Bitcoin is useless as a transaction currency (part of the appeal of physical paper money and metal coins.) While unlikely, this scenario speaks to the lack of overall security in Bitcoin as a means of exchange (it has other benefits like cryptographic security, but its lack of physicality poses problems with public perception, and practical uses.) > > **Acts like fiat, moves like fiat . . .** > > Bitcoin remains highly correlated to traditional finance markets (two recent readings were the highest they've been -- see link below) and doesn't exactly act as a hedge against inflation when it plummets in the face of, well, high inflation. > > What this shows is that big money is controlling Bitcoin (and by association the rest of crypto) by reacting in the same risk-off reaction when inflation flares up. > > It goes something like this: > > * When inflation rises, the Fed tightens money supply to slow things down. > * Big money flees from riskier assets like company stock (they likely won't be as profitable in a high inflation world) > * Stock prices drop \[and here's the problem\] > * Money does not flow INTO crypto as a hedge against this risk, it also flees. > > **Conclusion** > > Fighting fiat money printing excesses was never going to be easy, but as with most revolutions, unintended consequences often derail the original vision. > > For one, government policies can avert the worst of political impulses. That doesn't require a wholesale financial market revolution. > > U.S. inflation has also been remarkably low for well over two decades. It was a once in a century global pandemic that forced a massive print run of dollars. > > Bitcoin has also become just another a plaything for the rich, a commodity to be bought and sold for profit rather than the antidote to centralized money creation. And because even larger stacks of fiat are on the sidelines waiting to jump in, volatility is going to get even worse with big swings as fund managers chase and take profits. > > None of this means Bitcoin has no value in global finance. It just means it isn't going to serve the purpose as originally intended. > > \------------------ > > * For Bitcoin correlation to stocks see: [https://seekingalpha.com/news/3784018-how-does-bitcoin-correlate-with-us-dollar-stocks-other-asset-classes](https://seekingalpha.com/news/3784018-how-does-bitcoin-correlate-with-us-dollar-stocks-other-asset-classes) > * Stablecoin totals for the five mentioned above were calculated on 1/11/21 from CoinMarketCap - [https://coinmarketcap.com/](https://coinmarketcap.com/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lpo/top_10_bitcoin_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/v2re03/monthly_optimists_discussion_june_2022/).

🔥 Oracle Capital 🔥 🔹Turn $1,000 into upto $1,033,910 in 12 months! 🔹Reflections in BUSD (Stable Coin) 🔹Referral fee total 2% (Lifetime Income) ✅ KYC Verified (Contract Checker) ✅ Professional Team ✅ Double Major Audit Security (Solidity + Contract checker) ✅ Coinmarketcap ✅ Bscscan Logo ✅ Dapp Ready ✅ AMA Saphire 11 am - 17 June 2022 utc ✅ AMA Avstar 2 pm - 17 June 2022 utc ✅ AMA Venom 3 pm - 17 June 2022 utc ✅ AMA Caesar 3 pm - 19 June 2022 utc ✅ Pinksale Trending ✅ 3x softcap ✅ 500 Holders ✅ 1000 Holders ✅ Bidaocalls ✅ Click to earning NFT ✅ Click to earn Snapshoot V.1 Future marketing plans : 🔥 trustwallet logo 🔥 blockfolio 🔥 dappradar 🔥 certik audit 🔥 skynet 🔥 travlad AMA 🔥 Golum AMA 🔥 Youtube influencer 🔥 coingecko 🔥 cmc trending 🔥 dextool trending 🔥 dextool ads 🔥 ads bscscan 🔥 big campaign 🔥 dapp v.2 🔥 first burn 🔥 more influencer onboard, 🔥 listing dex 🔥 Many more check on our web

Mentions:#BUSD

🔥 Oracle Capital 🔥 🔹Turn $1,000 into upto $1,033,910 in 12 months! 🔹Reflections in BUSD (Stable Coin) 🔹Referral fee total 2% (Lifetime Income) ✅ KYC Verified (Contract Checker) ✅ Professional Team ✅ Double Major Audit Security (Solidity + Contract checker) ✅ Coinmarketcap ✅ Bscscan Logo ✅ Dapp Ready ✅ AMA Saphire 11 am - 17 June 2022 utc ✅ AMA Avstar 2 pm - 17 June 2022 utc ✅ AMA Venom 3 pm - 17 June 2022 utc ✅ AMA Caesar 3 pm - 19 June 2022 utc ✅ Pinksale Trending ✅ 3x softcap ✅ 500 Holders ✅ 1000 Holders ✅ Bidaocalls ✅ Click to earning NFT ✅ Click to earn Snapshoot V.1 Future marketing plans : 🔥 trustwallet logo 🔥 blockfolio 🔥 dappradar 🔥 certik audit 🔥 skynet 🔥 travlad AMA 🔥 Golum AMA 🔥 Youtube influencer 🔥 coingecko 🔥 cmc trending 🔥 dextool trending 🔥 dextool ads 🔥 ads bscscan 🔥 big campaign 🔥 dapp v.2 🔥 first burn 🔥 more influencer onboard, 🔥 listing dex 🔥 Many more check on our web

Mentions:#BUSD

🔥 Oracle Capital 🔥 🔹Turn $1,000 into upto $1,033,910 in 12 months! 🔹Reflections in BUSD (Stable Coin) 🔹Referral fee total 2% (Lifetime Income) ✅ KYC Verified (Contract Checker) ✅ Professional Team ✅ Double Major Audit Security (Solidity + Contract checker) ✅ Coinmarketcap ✅ Bscscan Logo ✅ Dapp Ready ✅ AMA Saphire 11 am - 17 June 2022 utc ✅ AMA Avstar 2 pm - 17 June 2022 utc ✅ AMA Venom 3 pm - 17 June 2022 utc ✅ AMA Caesar 3 pm - 19 June 2022 utc ✅ Pinksale Trending ✅ 3x softcap ✅ 500 Holders ✅ 1000 Holders ✅ Bidaocalls ✅ Click to earning NFT ✅ Click to earn Snapshoot V.1 Future marketing plans : 🔥 trustwallet logo 🔥 blockfolio 🔥 dappradar 🔥 certik audit 🔥 skynet 🔥 travlad AMA 🔥 Golum AMA 🔥 Youtube influencer 🔥 coingecko 🔥 cmc trending 🔥 dextool trending 🔥 dextool ads 🔥 ads bscscan 🔥 big campaign 🔥 dapp v.2 🔥 first burn 🔥 more influencer onboard, 🔥 listing dex 🔥 Many more check on our web

Mentions:#BUSD

🔥 Oracle Capital 🔥 🔹Turn $1,000 into upto $1,033,910 in 12 months! 🔹Reflections in BUSD (Stable Coin) 🔹Referral fee total 2% (Lifetime Income) ✅ KYC Verified (Contract Checker) ✅ Professional Team ✅ Double Major Audit Security (Solidity + Contract checker) ✅ Coinmarketcap ✅ Bscscan Logo ✅ Dapp Ready ✅ AMA Saphire 11 am - 17 June 2022 utc ✅ AMA Avstar 2 pm - 17 June 2022 utc ✅ AMA Venom 3 pm - 17 June 2022 utc ✅ AMA Caesar 3 pm - 19 June 2022 utc ✅ Pinksale Trending ✅ 3x softcap ✅ 500 Holders ✅ 1000 Holders ✅ Bidaocalls ✅ Click to earning NFT ✅ Click to earn Snapshoot V.1 Future marketing plans : 🔥 trustwallet logo 🔥 blockfolio 🔥 dappradar 🔥 certik audit 🔥 skynet 🔥 travlad AMA 🔥 Golum AMA 🔥 Youtube influencer 🔥 coingecko 🔥 cmc trending 🔥 dextool trending 🔥 dextool ads 🔥 ads bscscan 🔥 big campaign 🔥 dapp v.2 🔥 first burn 🔥 more influencer onboard, 🔥 listing dex 🔥 Many more check on our web

Mentions:#BUSD

#Bitcoin Con-Arguments Below is an argument written by bkcrypt0 which won 1st place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin is failing its original mission, and institutional interest is going to make things worse. > > **Background** > > Satoshi Nakamoto was a financial revolutionary out to counter the fiat money presses that destroy a currency's value with inflation (looking at you Turkey and the U.S.) The method—create a currency with a fixed supply, mined liked gold to make it scarce, and digitally transferable anywhere in the world between any parties. > > **Lack of Stability** > > Bitcoin can't be used as a global currency to replace fiat and eliminate politicized money printing because it has to hold its value steady over time. > > Why? > > People work for dollars, euros, yen, or yuan because there is relative stability in their paychecks from week to week. Their food, rent/mortgage, clothing, energy costs are also relatively stable (inflation is the cost for using that particular currency, but it beats a 50% drop in value over the course of a few months, and most inflation around the world isn't as bad as Turkey or Venezuela.) > > Imagine being paid a flat 1BTC / year for a particular job. But you live in the U.S. and the value of that BTC just dropped over the course of the year by 50%. Your lease is fixed over 12 months. Your food costs are the same or maybe even higher. Not only do you still get hit with local inflation, your buying power just dropped by half. > > This is why over $155B\* have flowed into stable coins like USDT, USDC, BUSD, UST, and DAI) > > **Lack of Accountability** > > The relatively anonymous transfer of value between parties was supposed to be a positive aspect of bitcoin. Your money, so do what you want with it. The problem is, there are a lot of other people that also want anonymity — human traffickers, dangerous drug smugglers, crime syndicates, tax evaders. Sure they can also use USD (and most of them do), but they are also traceable if they enter the global financial system. > > Making it easier for criminals to evade authorities makes everyone less safe. And sure, no one likes to pay taxes, but consider the alternative. Roads, schools, social services, some hospitals, police and fire departments, they all rely on taxes. > > **Lack of security** > > Unlike gold, which is pretty much indestructible, Bitcoin holdings depend on keeping seed phrases secure. If there were a house fire a gold bar might melt, but it can be reformed. A hardware wallet will be destroyed and any seed phrases stored on paper will be gone. That's part of gold's appeal as a store of value. > > Also, were there to be an internet outage in any widespread way, Bitcoin is useless as a transaction currency (part of the appeal of physical paper money and metal coins.) While unlikely, this scenario speaks to the lack of overall security in Bitcoin as a means of exchange (it has other benefits like cryptographic security, but its lack of physicality poses problems with public perception, and practical uses.) > > **Acts like fiat, moves like fiat . . .** > > Bitcoin remains highly correlated to traditional finance markets (two recent readings were the highest they've been -- see link below) and doesn't exactly act as a hedge against inflation when it plummets in the face of, well, high inflation. > > What this shows is that big money is controlling Bitcoin (and by association the rest of crypto) by reacting in the same risk-off reaction when inflation flares up. > > It goes something like this: > > * When inflation rises, the Fed tightens money supply to slow things down. > * Big money flees from riskier assets like company stock (they likely won't be as profitable in a high inflation world) > * Stock prices drop \[and here's the problem\] > * Money does not flow INTO crypto as a hedge against this risk, it also flees. > > **Conclusion** > > Fighting fiat money printing excesses was never going to be easy, but as with most revolutions, unintended consequences often derail the original vision. > > For one, government policies can avert the worst of political impulses. That doesn't require a wholesale financial market revolution. > > U.S. inflation has also been remarkably low for well over two decades. It was a once in a century global pandemic that forced a massive print run of dollars. > > Bitcoin has also become just another a plaything for the rich, a commodity to be bought and sold for profit rather than the antidote to centralized money creation. And because even larger stacks of fiat are on the sidelines waiting to jump in, volatility is going to get even worse with big swings as fund managers chase and take profits. > > None of this means Bitcoin has no value in global finance. It just means it isn't going to serve the purpose as originally intended. > > \------------------ > > * For Bitcoin correlation to stocks see: [https://seekingalpha.com/news/3784018-how-does-bitcoin-correlate-with-us-dollar-stocks-other-asset-classes](https://seekingalpha.com/news/3784018-how-does-bitcoin-correlate-with-us-dollar-stocks-other-asset-classes) > * Stablecoin totals for the five mentioned above were calculated on 1/11/21 from CoinMarketCap - [https://coinmarketcap.com/](https://coinmarketcap.com/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lpo/top_10_bitcoin_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/v2re03/monthly_optimists_discussion_june_2022/).

It has nothing to do with BUSD. They just deposit tornado-cashed ETH into Binance then cash out. These are small hacks less than $500k. Not like the title suggests $100mil.

Mentions:#BUSD#ETH

I’ve been holding funds in it for years. Love it. You can swap eth for any Erc20 token if you use uniswap within the app. You can also swap eth into BUSD and use the in app Dex to trade swap it for

Mentions:#BUSD

#Bitcoin Con-Arguments Below is an argument written by bkcrypt0 which won 1st place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin is failing its original mission, and institutional interest is going to make things worse. > > **Background** > > Satoshi Nakamoto was a financial revolutionary out to counter the fiat money presses that destroy a currency's value with inflation (looking at you Turkey and the U.S.) The method—create a currency with a fixed supply, mined liked gold to make it scarce, and digitally transferable anywhere in the world between any parties. > > **Lack of Stability** > > Bitcoin can't be used as a global currency to replace fiat and eliminate politicized money printing because it has to hold its value steady over time. > > Why? > > People work for dollars, euros, yen, or yuan because there is relative stability in their paychecks from week to week. Their food, rent/mortgage, clothing, energy costs are also relatively stable (inflation is the cost for using that particular currency, but it beats a 50% drop in value over the course of a few months, and most inflation around the world isn't as bad as Turkey or Venezuela.) > > Imagine being paid a flat 1BTC / year for a particular job. But you live in the U.S. and the value of that BTC just dropped over the course of the year by 50%. Your lease is fixed over 12 months. Your food costs are the same or maybe even higher. Not only do you still get hit with local inflation, your buying power just dropped by half. > > This is why over $155B\* have flowed into stable coins like USDT, USDC, BUSD, UST, and DAI) > > **Lack of Accountability** > > The relatively anonymous transfer of value between parties was supposed to be a positive aspect of bitcoin. Your money, so do what you want with it. The problem is, there are a lot of other people that also want anonymity — human traffickers, dangerous drug smugglers, crime syndicates, tax evaders. Sure they can also use USD (and most of them do), but they are also traceable if they enter the global financial system. > > Making it easier for criminals to evade authorities makes everyone less safe. And sure, no one likes to pay taxes, but consider the alternative. Roads, schools, social services, some hospitals, police and fire departments, they all rely on taxes. > > **Lack of security** > > Unlike gold, which is pretty much indestructible, Bitcoin holdings depend on keeping seed phrases secure. If there were a house fire a gold bar might melt, but it can be reformed. A hardware wallet will be destroyed and any seed phrases stored on paper will be gone. That's part of gold's appeal as a store of value. > > Also, were there to be an internet outage in any widespread way, Bitcoin is useless as a transaction currency (part of the appeal of physical paper money and metal coins.) While unlikely, this scenario speaks to the lack of overall security in Bitcoin as a means of exchange (it has other benefits like cryptographic security, but its lack of physicality poses problems with public perception, and practical uses.) > > **Acts like fiat, moves like fiat . . .** > > Bitcoin remains highly correlated to traditional finance markets (two recent readings were the highest they've been -- see link below) and doesn't exactly act as a hedge against inflation when it plummets in the face of, well, high inflation. > > What this shows is that big money is controlling Bitcoin (and by association the rest of crypto) by reacting in the same risk-off reaction when inflation flares up. > > It goes something like this: > > * When inflation rises, the Fed tightens money supply to slow things down. > * Big money flees from riskier assets like company stock (they likely won't be as profitable in a high inflation world) > * Stock prices drop \[and here's the problem\] > * Money does not flow INTO crypto as a hedge against this risk, it also flees. > > **Conclusion** > > Fighting fiat money printing excesses was never going to be easy, but as with most revolutions, unintended consequences often derail the original vision. > > For one, government policies can avert the worst of political impulses. That doesn't require a wholesale financial market revolution. > > U.S. inflation has also been remarkably low for well over two decades. It was a once in a century global pandemic that forced a massive print run of dollars. > > Bitcoin has also become just another a plaything for the rich, a commodity to be bought and sold for profit rather than the antidote to centralized money creation. And because even larger stacks of fiat are on the sidelines waiting to jump in, volatility is going to get even worse with big swings as fund managers chase and take profits. > > None of this means Bitcoin has no value in global finance. It just means it isn't going to serve the purpose as originally intended. > > \------------------ > > * For Bitcoin correlation to stocks see: [https://seekingalpha.com/news/3784018-how-does-bitcoin-correlate-with-us-dollar-stocks-other-asset-classes](https://seekingalpha.com/news/3784018-how-does-bitcoin-correlate-with-us-dollar-stocks-other-asset-classes) > * Stablecoin totals for the five mentioned above were calculated on 1/11/21 from CoinMarketCap - [https://coinmarketcap.com/](https://coinmarketcap.com/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lpo/top_10_bitcoin_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/v2re03/monthly_optimists_discussion_june_2022/).