Should a Stable Coin be Added to Stake?

[bobdole]

With all the volatility in Cryptocurrency at this time, I was wondering if anybody would be interested in Stake adding a stable coin to gamble with.

For those who don't know, a “stable coin” is a cryptocurrency that is pegged to another stable asset, like gold or the U.S. dollar. It’s a currency that is global, but is not tied to a central bank and has low volatility. Here's a good article for more info https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#7b5e1af74fc6

So would you guys prefer to gamble with a coin that is 1 coin = 1 USD or do you prefer the added risk that your winnings may be worth more/less in time?

I think it would be nice to know exactly how much your wagering in real money because sometimes I wager much more than I realize it's actually worth and a stable coin would solve that issue. Otherwise a setting that would display your available balance in a currency of your choosing would also help on that front.

[KiXxnTRiXx]

What coin would that be? any coin could be stable now, but can change just as quickly as bitcoin, Theres really nothing that can remain stable for sure. Bitcoin will be somewhat stable again after the storm. Just going to have to wait it out.

[Brainy]

I have mixed opinions on this, firstly of course it would be a great implementation for the site to have at least one of that coins because some people like to bet like 10 $, and calculating this to btc, eth, ltc, doge, bch takes some time, and volatility does its thing.

But for some people they just like to stack certain crypto to hold, and hope for rise in price they might have soon doubled their value if some currency does a 2x gain, like we saw in eth just couple days or weeks ago ( went from 80 - 160 $ in matter of days ).  If they would cash out it would be great for them, but if you start trading to a stable coin, you're basically gambling twice. First gambling in stake games, then gambling about the price ( is it going to fall , or is it going to rise. ) 

If some people are okay with that, sure, why not.. more coins, more fun to play. 

But speaking for myself, adding a stable coin wouldn't mean as much like it did when LTC and DOGE were first brought up to stake. 

Have a good day, and would love to see further responses. 
 

[Brainy]

@DarkBlood069 I was saying that i was happy about LTC and DOGE being implemented to stake, not that them being stable. 

[Snike]

I think thats the main reason so many people love crypto gambling! You gamble with amounts that can be worth 1000 times more in a few years!

[williamshennie9]

Adding Fiat currency like USD (in the form of a coin) would defeat the purpose of a crypto casino in my opinion.

[kayke94]

something like zcash its price is good and fast and cheap transactions

[lolochka]

The meaning of the cry is that they are growing and falling, the one who wants to have a constant currency has long played in casinos for dollars or rubles

[Mateusz]

Stable coin = fiat?

It's cryptocurrency gambling site so you don't need $ to gamble, you pretty much know how much you're betting if u are atleast a bit aware of what the price of your coin is.

[wry]

I'd see a stable coin and maybe a more privacy focused coin as the only two real holes in Stake's native support for coins.  Keep in mind, I have no inside information, and you can now use Coin Switch to deposit with any coin, but from my thinking, those are the only two areas where another natively supported alt coin makes sense.  So maybe!

[wngo123]

On 12/27/2018 at 5:12 AM, bobdole said:

 

So would you guys prefer to gamble with a coin that is 1 coin = 1 USD or do you prefer the added risk that your winnings may be worth more/less in time?

 

If that's the case then yes, I would like to try to play with the coin that is worth 1 USD.  

[irawk0]

I believe this was already done before by other online gambling casinos who make their own coin which converts your deposits. I don't see why it can't be done here, maybe 1 Garycoin = $1 USD? I honestly still prefer the way coins are right now, too many currencies makes it more confusing than need be. There are other fiat currency gambling casinos online if you are looking for those tbh.

[bmg]

Honestly I don't think that would be a good idea.   We are here to gamble crypto right?    So why would you want to do that? 

[polor12]

why bother...like many mention the value of crypto can be down one day and up the following ten times the current currency..

[FotisNt]

Well, by the time any coin can be unstable sometimes, I guess we should not bother at all. However, isn't actually dogecoin stable? I mean, it's value remains the same since months. However as @bobdole mentioned, it would be really useful and not actually risky if there was a coin with a stable value of $1.

[Kate]

Well to release a stable coin that can just go through the site and transferred in the site and can be exchanged only in Stake is fine but if it is involved in Blockchain then support will be annoyed with lots of tickets not by Stake users but by random coin investors and holders regarding bugs and all etc. 

[Babagucci]

You know what that would be a great idea to have that implement. I think that would be good for both the players and the casino . I actually surprised that a casino hasn't implemeted that yet.

[DviouS]

definitely!  Gogo ripple =D

[CAPT.DEADPOOL]

Yes but admin can only solve this issue or he having a solution to solve for me we can add more ang coin having a potential like xrp,credits buti its depend the answer of admin he can decided what he can do.

[Kate]

Also one more thing i forgot to add if people want to bet in terms of USD then I dont think stake would be a place for that sure you can convert and check every time but it would be annoying for pro gamblers. Stake is a place pf crypto and there is no USD determination it's just in terms of Bitcoin and not USD. I would also like to add that a Stable coin to be kept stable would be very hard and a waste of huge amount of resources for Stake due to other gambling sites trying to wreck stake by decreasing the coin price.

[Bigmann23]

I think the ustability is just a part of crypto gambling its part of the fun. If i wanted a stable coin type i would gamble a government currancy not crypto currancy. 

[Kate]

7 minutes ago, Bigmann23 said:

 i would gamble a government currancy not crypto currancy. 

That would be a bad idea since no. 1 crypto is for anonymity and not for not being anonymous ( if that's a word ) and then also not only they can keep track of your funds and also how much you earn and what you do with it also a big drawback of this would be that if supposedly your government imposes taxes on your earnings then they can easily tax your winnings and you could like get a loss from that. 

[BLXN]

I would like to see a far greater menu of coins to play with, although the CoinSwitch circumvents that requirement. The dollar value/volatility of crypto is part of the game, imo. It adds a certain amount of variance that keeps me interested.