I first got to know about crypto from one of my online friends, he introduced me to the world of crypto by joining a bounty to get free altcoins, but at that time I didn't know that the main crypto coin was bitcoin, just I knew was ETH, over time after I found out about BTC, I started trading guided by friends and when to buy and sell, and from participating in the bounty I was able to help my husband with finances and I consider following the bounty to be a job from home without having to leave my children and home, I can still have an income

That's awesome. Yes I really enjoy the freedom of time and place it offers. I haven't looked into bountys much, I thought you needed to be a good developer to find bugs and so on

USDT, USDC, and DAI have their own pages here on altcoin. So which stablecoin do you have?

Here are some pros and cons - are there more?

$DAI

Pros:
- Decentralization: Managed by MakerDAO, ensuring no central authority controls the coin.
- Collateral Backing: Backed by a variety of cryptocurrencies, enhancing stability and reliability.
- Dai Savings Rate (DSR): Users can earn interest by locking their DAI in the DSR contract.

Cons:
Complexity: Mechanisms involving collateralized debt positions (CDPs) and smart contracts can be complex for new users.
Volatility Risk of Collateral: Backed by volatile cryptocurrencies, which can affect DAI’s stability during extreme market fluctuations.
Governance Risk: Relies on the decisions of MKR token holders, which can impact stability and usability.

$USDT (Tether)

Pros:
Market Dominance: High liquidity and acceptance across numerous exchanges and platforms.
Stability: Pegged to the US dollar, providing price stability.
Ease of Use: Facilitates quick and low-cost transactions between exchanges and wallets.

Cons:
Centralization: Issued and controlled by Tether Limited, raising concerns about transparency.
Regulatory Scrutiny: Faces regulatory scrutiny and legal challenges, creating uncertainty.
Audit Concerns: Ongoing concerns about the lack of comprehensive audits to verify reserve claims.

$USDC

Pros:
Transparency: Issued by regulated financial institutions with regular attestations of reserves.
Stability: Fully backed by the US dollar and audited monthly.
Regulatory Compliance: Operates under strict regulatory standards, enhancing trust among users.

Cons:
Centralization: Issued by a consortium (Centre) and controlled by regulated entities, leading to centralization concerns.
Regulatory Risk: Subject to regulatory changes that could impact its operations.
Limited Use Cases: Primarily used for trading and transfers, with fewer DeFi applications compared to DAI.

Hey everyone,

With MakerDAO introducing new stablecoins as part of the Endgame plan, I wanted to get your opinions on whether you’ll be sticking with DAI or switching to one of the new options. Here’s what I’ve gathered:

MakerDAO is introducing two new stablecoins: NewStable (NST) and PureDai (PDAI).

Users will have the option to upgrade their DAI to these new stablecoins.

NST is geared towards mass adoption, while PDAI focuses on extreme resilience and decentralization.

Which one are you leaning towards and why?

Quote from: Daiana on May 22, 2024, 11:15:11 AM

Smart! Yes, I have also started to use other options. Anyone specific ones that you recommend? I think Revolut is pretty nice for now (but also European pf course)

Of the ones I have used in recent years, the ones that have given me the least problems are Alexandria Bancorp Ltd (Cayman Islands) and Intesa Sanpaolo SpA (Italy). But you must take into account several factors before opening an account (card) with these banks, depending on your country of residence, the KYC requirements can vary greatly, and also the fact if said account is for personal use or for a company.

On some occasions (unfortunately it has happened to me too) there are more problems due to the country in which we reside than due to the bank's demands, at least when we talk about European banks. The banks that I have mentioned have not given me any problems (I hope they continue like this) and they always have some guarantees in case of economic disasters.

Thanks! I will look into those 2 options!

I got into crypto because there were lots of people around me who had already gotten into crypto which made me curious. Like my friends and even my relatives in the family were already there. Although he rarely talks about it. What is clear is that I am interested because from crypto investment and trading I can make a profit. Even my brother and I often exchange ideas about crypto and trading. But I was interested based on my own will and not from invitations from the people around me. And this at first seemed like a new world that I had not yet touched and I was curious to find out more about at first. And it turned out that this increasingly interested me. So after work I always focus on crypto and learn little by little about it. And sometimes I exchange ideas with my brother who turns out he continues to trade on the crypto market every day. This influenced me and also made me also learn crypto trading. Although I still have to continue learning. Because I don't have as much free time as my brother.

Thats cool! Do you have any advice on where to learn a bit more about trading? So much on youtube, it's quite overwhelming! Good luck with the trading I am very happy to have some ETH that suddenly went up with 11% today!

Quote from: Daiana on May 14, 2024, 12:56:41 AM

When, how, and why did you get involved in crypto?

Is it because of earning some cash with trading or because of a job? Or do you believe it is the next big thing?

The answer to this is all of the above; people are working on trading and making a living in Crypto, and all holders believe it's the next big thing.

Quote

Whenever I tell people that I work in the legal space in crypto, they always ask for advice on which coins to buy. However, I have no real clue about that. I also get the impression that most people in my vicinity believe that Bitcoin is the only cryptocurrency out there.

When I am asked that question, I always choose the safe answer: go for Bitcoin and Ethereum and do your research on other coins. People who want to create a portfolio on Cryptocurrency should learn how to set up criteria and do their own research.

Yes, so I just gave a couple of examples. I for example did not get involved in crypto for trading but for a small job. But yes, people should always be careful when giving advice on what to invest in.

I got in crypto mostly because of the cash, but I grew to like the crypto space I see  it becoming the next big thing though mostly in to airdrops and jobs now trying to gather enough liquidity for trading, here it 50/50 for me though alot know about crypto, while other thinks is a scam, but I will tell you one thing crypto will change a lot of people prepectives in the coming years

For me, it's very similar. I started it because of work and now I really enjoy it. I do need to learn more about for example airdrops, there's always new things to learn in the crypto world! And I agree, it have the possibility to be life-changing for a lot of people.

Quote from: Mr. Magkaisa on May 09, 2024, 05:58:23 PM

-    Here in our country, the impact of crypto on our local community is strong. Is it because of the difficulty of life here? It's not much to earn money if you don't work hard; for sure, their family will starve.

and most of us here are also a lot of idiots and gullible; it's just like they do aiirdrops for seminars, something that, if I look at it, they're funny. then the others still charge like that, but I'm not sure.

Well, I'm really curious about the popularity of crypto in your country. Airdrop hunter is not generally considered a profession, and the crypto market is not really of interest to the majority of people. People usually focus on real-life work to generate income for their families, and not many people can support their families with a job in the crypto market. Typically, only professional developers or traders can have a stable career in this market.

Anyway, it's great that crypto can become a way for many people to generate additional income and make their own lives and those of their families better! We can consider crypto to be an attractive field for freelancers!

I have friends who work in crypto and they support their families on that salary. They work for a DAO and it's not trading or developing code. The legal market is massive now with everything going on with lawsuits and regulations. Maybe some of the work is not guaranteed for a longer period with a regular employment contract but if you believe that crypto is the future and you don't require that kind of stability then I think there are plenty of opportunities