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Have you heard of stablecoins?

• wruza 5y ago
  Yes, but I don’t trust these contracts in a long term. I’d say neither should you, but that is a personal choice. The biggest (afaik) of these ETH contract-based coins, USDT, is owned by a single company, which is partially backing it by their BTC and it maintains a list of blocked tokens, which is by design. Of course small money is relatively safe, but for large capitals it’s just a joke. Any smart contract with a centralized oracle entity has all of the downsides of centralized money. These are much more convenient as a medium to crypto, but that’s it.
  • baby 5y ago
    You’re talking to the wrong person as I used to work on a stablecoin :P I think if anything the technology brings transparency and security