to be honest, we have steemit, golos, minds. there are so many platforms with their tokens. i don't see why facebook coin will create a turbulance in the crypto sector.

Maybe because its widespread usage among users, investors, financial entities, companies etc. will dwarf every other current crypto?

I do not think that stable coins will dominate the cryptocurrency market.

I do
Just a couple of examples

Russia bringing back the gold standard may kill US dollar & solve main problem of cryptocurrencies

https://www.rt.com/business/461752-russia-gold-dollar-cryptocurrencies/

People Bank of China Makes an Effort to Create a Stablecoin Based on Yuan

https://www.asiacryptotoday.com/people-bank-of-china-makes-an-effort-to-create-a-stablecoin-based-on-yuan/

Facebook Crypto Project "Libra" Seals Multi-Million-Dollar-Mainstream-Backing Ahead Of Imminent Launch

https://www.theblockcrypto.com/2019/06/14/facebooks-cryptocurrency-partners-revealed-we-obtained-the-entire-list-of-inaugural-backers/

IBM Signs 6 Banks to Issue Stablecoins and Use Stellar’s XLM Cryptocurrency

https://www.coindesk.com/ibm-signs-6-banks-to-issue-stablecoins-and-use-stellars-xlm-cryptocurrency

Full Circle: Goldman Sachs backed startup launches stablecoin cryptocurrency

https://bitcoinist.com/circle-launches-new-goldman-backed-stablecoin/

JP Morgan Stablecoin Could Mean Faster, Cheaper Settlements

https://hackernoon.com/jp-morgan-surprises-us-with-a-stablecoin-84910588dff1

Binance Confirms Stablecoin Offering Coming Soon

https://www.coindesk.com/binance-confirms-stablecoin-offerings-coming-soon-report


These are megaplayers, the so called Powers that Be.
These entities decide the future of the financial system, the future of cryptos, the future of all things money.
Just consider Libra, the players involved in this Stablecoin

It will increase awareness, and it would be beneficial to cryptocurrency adoption. On the bottom line, it is not what Satoshi meant, when creating Bitcoin.

The point of Bitcoin.
This is an important question, what's the point of cryptocurrencies.
Reading in the forums related to cryptos I get the impression that today Bitcoin, and in general cryptos, are basically considered and used as a way to speculate and make more or less quick money, but I don't think that cryptocurrencies should be reduced to that.
So, what did Satoshi meant creating Bitcoin?

Quote from: alltalk on June 28, 2019, 10:40:25 PM

It should be done with complex research to find out a good project.
Actually, there are many things to do but at least learn about some main things firstly like :
1. The track record of the team members
2. Project identity
3. How potential its MVP
4. The strategy and plans
5. Roadmap
6. It's competitors
7. The use of its tokens/coins
8. How strong the community
9. Listing plan
10. Partnership
11. Etc

I like to look at this points when I look at any project, maybe we can add all later on on one post for all to benefit from it.

professional Website Design.
Good Developers/Core Team.
Professional Whitepaper.
Strong Roadmap.
The ready product or prototype.
The Concept .
usage of Token.
Excellent Technological Explanation..
Real Dev's Profile link.
Partnership.
Good Explanation use of raised fund.
Hard Cap / Soft Cap.
Total Supply
high Security.
Low Free Airdrop.

Great list Ataw and alltalk!

Thank to you I finally understood what fundamental analysis means related to cryptocurrencies!

There are tons of posts about advising to buy this and that, but mostly are related to technical analysis (charts analysis).
Probably traders, short-time traders, are only interested in technical analysis, while investors are more interested in fundamental analysis.
Cryptoforums are mostly populated by traders, I guess

Anyway, as the Mods have moved this thread here, they want me probably to advertise my stuff.
Well, there you go 


Kinesis, Indonesian Government Postal Service (POS Indonesia), the world’s third largest Post Office and OZL Liechtenstein, to launch the first and only purpose-built bullion vault in Indonesia

London 28th June 2019

Kinesis has been closely following the development of new regulation in Indonesia as they hope to assist in the implementation of a monetary system to assist the unbanked and underbanked population in Indonesia.

A key component of the new gold trading regulation in Indonesia (February 2019), with inputs by Kinesis, states that any online or exchange-based physical gold trading product must be deliverable and physically located in an Indonesian vaulting facility. Currently there is no purpose-built bullion vaulting facility in Indonesia, despite being in a major gold demand and trading centre with over 160 mt/yr gold production, 75+ mt/yr domestic demand and a 100 mt/yr capacity LBMA-approved gold refinery.

Kinesis has partnered with Offenes Zolllager in Liechtenstein AG (OZL) and the Indonesian government to construct a high security, best-in-class vault facility to house the physical metal used in the Kinesis Monetary System and the Allocated Bullion Exchange (ABX) / Jakarta Futures Exchange (JFX) shariah compliant, spot physical bullion exchange. This will serve as the central bullion hub in Indonesia for both conventional and shariah compliant bullion.

In accordance with the new regulation, Kinesis, OZL and the Indonesian Government Postal Service (PT POS) are planning to develop, build and operate an international standard vaulting facility in Jakarta.

Additional stakeholders in the project include, Jakarta Futures Exchange (JFX), government clearinghouse Kliring Berjangka Indonesia (KBI) and religious organisation – Nahdlatul Ulama (NU) who have 100+ million members.

PT POS Indonesia is the state-owned postal service in Indonesia and third largest postal service in the world, in terms of number of offices and sales outlets (over 58,000). In addition to delivering postal services, they are also the largest non-bank financial institution in Indonesia, providing payments, cross border remittances, micro-loans and other financial services.

https://kinesis.money/en/company-news/kinesis-launches-first-purpose-built-bullion-vault-in-indonesia/

What do you think about alts future? I strongly believe in Eth , because it provides solutions to different problems. Others only copy eth’s idea in order to raise some money. We don’t need 2000+ alts, just 10 and it will be enough. What u think?

As far as we are talking about the financial system as a whole, I think alts future belongs to Stablecoins.
Non-Stablecoins will remain interesting for speculative oriented investors and gamblers, but volatility prevents non-Stablecoins from being used as money on a large, institutional scale.
I keep quoting the passage below because it highlights three main areas for the deployment of Stablecoins


Reasons People Use Stablecoins

1. Exchanges: Cryptocurrency traders can reduce their exposure to Bitcoin by selling their Bitcoin for stablecoins. This allows traders to keep their wealth on an exchange without converting back into fiat. This is useful for two reasons. First, many exchanges take days to convert fiat into crypto, which means investors must wait to trade. Second, converting back into fiat means a tax bill is coming soon, since most exchange on- and off-ramps now require KYC-AML.

2. Inflation hedge: People in countries with high inflation and hyperinflation can hold on to stablecoins in order to preserve their savings. Bitcoin is too volatile for most people in Venezuela. Instead, they would prefer to hold onto cryptocurrencies backed by gold or Swiss francs.

3. Interbank settlement: Interbank settlement is a trillion-US dollar industry. Instead of giving away billions in revenue to Ripple, companies such as J.P. Morgan are releasing their own centralized stablecoins backed by fiat in order to settle transactions globally on a permissioned blockchain instead of legacy banking software.

https://ingoldwetrust.report/wp-content/uploads/2019/05/In-Gold-We-Trust-2019-Extended-Version-english.pdf
p247

These are the current members of the Libra Association.
Quite impressive. It's not only FB.
For example, every buyer on Ebay will have the option of paying through Paypal through Libra.
Lower fees than paying with fiat.
Libra is not a social media currency, used only within FB.
One can pay with Libra everywhere Visa and Mastercard are accepted, which means overall in the world.
This is a gigantic advantage vs. Gram and the other one, which will boost Libra's use enormously

and be backed by a reserve of assets ostensibly “designed to give it intrinsic value” and mitigate volatility fluctuations. 

These assets consist of a basket of bank deposits and short-term government securities that will be held in the Libra Reserve for every Libra that is issued.

So, bank deposits (fiat money) and gov securities.
What happens if/when people lose confidence in the monetary authorities (Central Banks) and in the Govs?
This is Libra's weakness