"... now there are some rumours that they do not have a dollar for every USDT that they have minted .. kinda like there are rumours that you haven't subscribed yet." Witty and funny. I actually liked the sell. Subscribed!
I am interested in learning how to make Whiteboard videos. 1) What software do you use to create these videos, and do you recommend it or another software? 2) approximately how much time does it take to script out, edit the video, create the audio, and end up with a publishable video? ie. for an almost 8 minute video, as in this one, how long did it take to prepare and create the video? thanks for any additional suggestions or recommendations ps - if you wanted to make a whiteboard video, teaching how to make a whiteboard video, and the production process beginning to end - that would be amazing
Excellent explanation - in particular, with mentioning how Tether has not been fully transparent with how their funds are stored. That being said, Tether is the largest stablecoin by market capitalization
What about Stablecoins that aren't just pegged to one asset like the USD? Silk Stablecoin is pegged to a basket of commodities including gold (XAU), BTC, CAD, USD, EUR, and JPY. Whiteboard Crypto should do an updated video on stablecoins that have launched since 2021 :)
Thanks for the breakdown! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
I see many platforms allow you to lock your USDC with high APY such as 11%-12%, while USDT is around 6%. Could you explain how these platforms allow you to get more USDC passively just by locking it for a period of time? I cant see any platform that use fiat that would guarantee >10% passive income annualy. So this makes me kind of confused. I Have had the same question for a while, and the more i think about it the more it dosent make any sense at all. now i just want to change gears and just focus on tradding because i have been hearing some good news about it and i know someone who just bought a damn house with the returns but unfortunately i dont know anything about it and am definetly eager to venture into it
Awesom video I'm from Belgium and I can tell you that decentralized finance is definetly the future from my own account, but certainly you need to know your way around it, i have someone, alexis susan welsh, an expert trader that i can invest with and its been great i know so much now how it really works. and because oof this righ approach to investing, good profit is now my middle name
I have been seeing so many recommendations about Alexis Susan Welsh trending, her strategy must be good for people to talk about her and my cousin recommended her to me Consistency is key, I've been investing with her for years now and I've made alot of profit from her. Most of those traders who offer to give you 300% of whatever you invest might scam you of your hard earned money.
amazing! i have heard about so many times, Please how do i contact her directly, and i want to invest 20000 dollars, how much return am i expecting in like 3 months
You're doing a fantastic job! A bit off-topic, but I wanted to ask: My SafePal wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
Appreciate the detailed breakdown! 🧐 Need some advice: 🙏 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). I don't know what they are. What should I do with them? 🤷♀️
Why not to pull your money out and have it linger in the regular wallet before you buy the actual crypto on Robinhood? Why would you pull profit out to buy a stable when you just just pull it out and let it linger? Sorry for the repeat, I’m just confused
Dude!!! That rumor you haven't subscribed joke made me snort...and then subscribe. Good stuff. I am still not sure why putting money into a stable coin is better than a US Bank Savings account...do you have a video about that? I am hungry to learn more about crypto in general.
great video....one quick question when you mention fiat collateralization you say that coins are backed by fiat money like usd and euro, but then who backs the usd or the euro or any other fiat currency worldwide? i believe there is no fiat currency that is backed by gold or anything else besides faith that we put into hard and physical money or digital numbers stored in a regular bank.
Inside of the videos? Yes, we use the same software to animate :) Once we can start gaining more traction we are wanting to start creating better produced animations for our videos! If you want to learn more about our team you can check us out here: whiteboardcrypto.com/team/
Thank you for the video. I’ll deviate a little from the topic, maybe someone knows how to transfer USDT to Binance using 12 words: head isolate sound end kit industry choice festival limit stable dolphin derive. Password, etc., nothing else.
The problem i have with stable coins, is that they are backed by FIAT . FIAT is backed by nothing since the dollar went off the gold standard in 1971 and there for has no intrinsic value . The Whole point of Bitcoin was to get a decentralized digital monetary system, that no few individuals have control over , or can print into existence on papers at will and give it a value they say soo. Whats the point then of having crypto being backed by FIAT like stable coins ??
But it is volatile it fluctuates according to the value of the dollar 🤦♂️if you buy $50 worth of stable coin for $50 and then sell that 50 stable coins for $50 20 years later that same $50 wont buy you as much as it did when you first spent it 20 years ago
I have traded with a lot of individuals but I have never come across anyone as good as Mrs Moure, just by applying her strategies I now trade independently. she is the best I'd advise any novice in investing to trade with her.
Depends on whether the contracts are immutable or not. If it’s not, like with Uniswap 2.0 then the code cannot be changed once it is deployed to the blockchain. With Uniswap 3.0, I believe it is mutable and the team of coders behind Uniswap(most are anonymous) who have access to the multisig address that deployed the contracts code, can change that code. They usually put a time lock (about 6~12 hours) before any changes are made that affect the contract on the blockchain.
@@MomoKehinde Thank you Morolabi for the explanation! This is very clear indeed. But I wonder in the event when the code needs to be changed (with a mutable contract), do they normally obtain users' consent to do so or not?
@@东方白-o1z In the event the code needs to be changed the most moral way to do it is to ask consent and then proceed, but the true is that anyone with the keys which are bascialy the password to the code can change the code itself at any given point, that why most of the time people rather have a v2 which is a new LOCKED contract to be sure you are good with all that it contains and you just don't have to trust anyone to not change what you already agreed to.
Question, you talked about centralized and decentralized exchanges. It was said that stablecoind is traded on a decentralized exchange, But isn't stablecoine also traded on Coinbase that is a centralized exchange? 🤔 Please feel free to comment!
Quite informative. The only 2 reasons which kept me from subscribing though are the constant reminders to subscribe and the kind of double intro, explaining whiteboard crypto two times in the first quarter of the vid.
I don't understand the part where they convert 50 bitcoins to 500k USD, convert the 500k USD to 500k dai (since 1 DAI = 1 USD) and then "hold it to buy back at a lower price". What does "hold it to buy back at a lower price" mean? Does it mean that I won't actually use my 500k DAI for anything and then when the price goes down again, I will buy more bitcoin for 500k DAI so essentially I will end up having more than 100 bitcoin? Why do I need to convert to DAI for that? Why can't I use conventional USD?
Although< I have interests in global economics I don't watch the news anymore... I have enough FUD lol. Thanks for this news and offering your insight on how to navigate during unfortunate times/events like this. You're right about keeping level headed when investing so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present has enough to know issues going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 23` btc from day trading with Steven Dunn's Signal in few weeks, this is one of the best medium to backup your assets incase it goes bearish.,,;';'
question regarding stable coins: What stops the possibility of you investing tether into btc, and then the USD investment into tether also gets invested into btc causing 2 USD invested for every 1 USD. I know they like to claim that they hold USD in reserves, but like... yaknow
I'm curious why you say reserve funds can't be invested. Tether insvests them. I think that's also the case for most stablecoins. That's how they can pay for their expenses!
"... now there are some rumours that they do not have a dollar for every USDT that they have minted .. kinda like there are rumours that you haven't subscribed yet."
Witty and funny. I actually liked the sell. Subscribed!
A cool animated cartoon about stable coins, as a big collector of stable coins (busd/usdt/tusd and others), I appreciated this movie!
How about a new video? Compare USDT, Dai, Terra and others in it.
Now that is a great idea!
Agreed
Agreed
Terra dead now. We could still cover why.
@@hnaku8748 lol
That was an easy and digestible explanation, thank you! Also good to see your perspective on tether, innocent until proven guilty.
I didn't follow any of it, other than stable coins are obviously evil, and clearly a fintech grift of some kind.
This video really helped clarify some of the complexities of crypto investing.
Beautiful and very gentle animation about stable coins, I just started to study Tether, and this video helped me a lot!
I am interested in learning how to make Whiteboard videos.
1) What software do you use to create these videos, and do you recommend it or another software?
2) approximately how much time does it take to script out, edit the video, create the audio, and end up with a publishable video?
ie. for an almost 8 minute video, as in this one, how long did it take to prepare and create the video?
thanks
for any additional suggestions or recommendations
ps - if you wanted to make a whiteboard video, teaching how to make a whiteboard video, and the production process beginning to end - that would be amazing
How stable coins work: they don't
-_-
I love your work brother! You're doing a great job for the community 🎉 thank you
Excellent explanation - in particular, with mentioning how Tether has not been fully transparent with how their funds are stored. That being said, Tether is the largest stablecoin by market capitalization
What about Stablecoins that aren't just pegged to one asset like the USD? Silk Stablecoin is pegged to a basket of commodities including gold (XAU), BTC, CAD, USD, EUR, and JPY. Whiteboard Crypto should do an updated video on stablecoins that have launched since 2021 :)
I have been sending your channel to my coworkers. I love your videos!
This is the best way to support us :D
Why are there only 150 views? This is a great explainer!
Thank you Chris! We're still a small channel so we're slowly getting there :)
Well... 72+k views now.
Thanks for the breakdown! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
Who here is here after Terra's crash?
You
Here here
Here
@@subneo61cool
Short and comprehensive, thanks for the explanation! Also, I'd love to hear your thoughts on tether fud and ther stablecoins as well
I see many platforms allow you to lock your USDC with high APY such as 11%-12%, while USDT is around 6%. Could you explain how these platforms allow you to get more USDC passively just by locking it for a period of time? I cant see any platform that use fiat that would guarantee >10% passive income annualy. So this makes me kind of confused. I Have had the same question for a while, and the more i think about it the more it dosent make any sense at all. now i just want to change gears and just focus on tradding because i have been hearing some good news about it and i know someone who just bought a damn house with the returns but unfortunately i dont know anything about it and am definetly eager to venture into it
Awesom video I'm from Belgium and I can tell you that decentralized finance is definetly the future from my own account, but certainly you need to know your way around it, i have someone, alexis susan welsh, an expert trader that i can invest with and its been great i know so much now how it really works. and because oof this righ approach to investing, good profit is now my middle name
I have been seeing so many recommendations about Alexis Susan Welsh trending, her strategy must be good for people to talk about her and my cousin recommended her to me Consistency is key, I've been investing with her for years now and I've made alot of profit from her. Most of those traders who offer to give you 300% of whatever you invest might scam you of your hard earned money.
amazing! i have heard about so many times, Please how do i contact her directly, and i want to invest 20000 dollars, how much return am i expecting in like 3 months
👌👌
love your vids! Have learnt so much and they are easy to watch. If you haven't already, could you make videos on Ripple XRP and Stellar Lumens?
Had XRP on the list, but not stellar lumens, will add it!
This video deserves more views!
You're doing a fantastic job! A bit off-topic, but I wanted to ask: My SafePal wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
The best you tube channel ever
I’m new to crypto and stable coins? Why peg it to the US dollar that’s depreciating?
Who’s here after the fall of Terra
You should update this now with a massive dumpster-fire with the stable-coin logo on it
luna needs to watch this video
When trading from one coin to anther should I use a stable coin as the middle go-between then..?
Is that right.? Thanks x
Amazing animated video about the stablecoins
This aged well, lol
rip
It would be difficult to trade without stablecoins. I often use tether to consolidate my success and wait for the low price of bitcoin.
How did it work out?
thanks for the review, it was really informative about tether!
This aged well
3:10 Who noticed. Theodore says USDC, but writes USCT?
Visuals r great
laughed at the rumor joke hard enough to actually subscribe
I should have watched this video before I started with stablecoins :D
very nice explanation
anyway I started with tether and it works good for me :)
Now do an explanation to why UST failed lol.
My alien grandfather watched this. He is running Tesla Motor now.
Appreciate the detailed breakdown! 🧐 Need some advice: 🙏 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). I don't know what they are. What should I do with them? 🤷♀️
Awesome! Make videos about blockchain contracts and the ways to interact with it!
Not true that stable coins cannot be invested. They are invested in all kinds of dangerous things.
Why not to pull your money out and have it linger in the regular wallet before you buy the actual crypto on Robinhood? Why would you pull profit out to buy a stable when you just just pull it out and let it linger? Sorry for the repeat, I’m just confused
Deserves more views
At 3:12 - 3:15, did you mean “buy back at a HIGHER price,” not “lower?”
He said lower price.
here's your reminder to make a video explaining the 3 stable coin algos. We can't wait to see it! happy thanksgiving
Dude!!! That rumor you haven't subscribed joke made me snort...and then subscribe. Good stuff. I am still not sure why putting money into a stable coin is better than a US Bank Savings account...do you have a video about that? I am hungry to learn more about crypto in general.
No one noticed the "white van"😁
What happened with that tell as more
they work, especially tether
Great video. I did have one question. Do tether backed by fiat benefit from interest accrued on the cash collateral?
Not back by Anything
Yes
The channel needs alot of subscribers
Hi pls do a video What is Safemoon thank you
my grandfather is Albert Einstein
This video aged well... UST 😫
great video....one quick question when you mention fiat collateralization you say that coins are backed by fiat money like usd and euro, but then who backs the usd or the euro or any other fiat currency worldwide? i believe there is no fiat currency that is backed by gold or anything else besides faith that we put into hard and physical money or digital numbers stored in a regular bank.
there's none, that's why fiat money is a consensus
PAX standard, #1 stable coin because Paxos has a New York State trust banking license... hard to get and very regulated by the State and USA
Where and how do you invest you're money?
Great video and writing ✍️🏿 animation
This artwork looks smiliar to Finematics. Are you part of the same team?
Inside of the videos? Yes, we use the same software to animate :) Once we can start gaining more traction we are wanting to start creating better produced animations for our videos!
If you want to learn more about our team you can check us out here: whiteboardcrypto.com/team/
Everyone watching this after LUNA 🤣
Thanks :)
Thanks
Couldn’t you use smart contract based minting and burning defined by how much is bought/sold to insure the value always remains 1$?
Then, someone could just overrun the contract
Thank you for the video. I’ll deviate a little from the topic, maybe someone knows how to transfer USDT to Binance using 12 words: head isolate sound end kit industry choice festival limit stable dolphin derive. Password, etc., nothing else.
Nice video.
Please which animation software did you use to create your videos.
That's what I was th I king that was nice lol
🔥🔥
Very enlightening.
Was/is there actually a van?
didnt age well for UST
Hi Whiteboard Crypto. Who can we look for to create a stablecoin that peg to a dollar. Not USD but other currency.
Don't give me the subscribe talk halfway through making your point!!!
The problem i have with stable coins, is that they are backed by FIAT .
FIAT is backed by nothing since the dollar went off the gold standard in 1971 and there for has no intrinsic value .
The Whole point of Bitcoin was to get a decentralized digital monetary system, that no few individuals have control over , or can print into existence on papers at will and give it a value they say soo.
Whats the point then of having crypto being backed by FIAT like stable coins ??
🎩
thanks for video
actually i am not a big fan of stablecoins but sometimes i trade usdt and busd on binance
The original bitcoin is not a stablecoin?
a stable coin then should be named a STABLETOKEN
Was Luna a “Stablecoin” 😂
decent story about stablecoins I was really curious to hear about tether
Actually they don’t work anymore 😅
Do we have stable token?
But it is volatile it fluctuates according to the value of the dollar 🤦♂️if you buy $50 worth of stable coin for $50 and then sell that 50 stable coins for $50 20 years later that same $50 wont buy you as much as it did when you first spent it 20 years ago
if it's stable coin, how come it collapse inward like a deflate balloon.
I want to invest in the crypto market💯💯 I need a reliable broker that will help me trade my coin and make profits Any recommendations?.
All you need as a beginner to make good profit from cryptocurrency is a professional trader who will trade on your behalf else you may make losses
That is true, you need an expert trader to make good profit from cryptocurrency trade
Please how do I contact this Sonia Moure? I will like to invest with her also
I have traded with a lot of individuals but I have never come across anyone as good as Mrs Moure, just by applying her strategies I now trade independently. she is the best I'd advise any novice in investing to trade with her.
"Decentralized exchanges are run by code, and it can only change when the codes are changed". Question: who can change the code?
Depends on whether the contracts are immutable or not. If it’s not, like with Uniswap 2.0 then the code cannot be changed once it is deployed to the blockchain.
With Uniswap 3.0, I believe it is mutable and the team of coders behind Uniswap(most are anonymous) who have access to the multisig address that deployed the contracts code, can change that code. They usually put a time lock (about 6~12 hours) before any changes are made that affect the contract on the blockchain.
@@MomoKehinde Thank you Morolabi for the explanation! This is very clear indeed. But I wonder in the event when the code needs to be changed (with a mutable contract), do they normally obtain users' consent to do so or not?
@@东方白-o1z In the event the code needs to be changed the most moral way to do it is to ask consent and then proceed, but the true is that anyone with the keys which are bascialy the password to the code can change the code itself at any given point, that why most of the time people rather have a v2 which is a new LOCKED contract to be sure you are good with all that it contains and you just don't have to trust anyone to not change what you already agreed to.
@@diegojorgetaveras4413 ohhhhh got it!! that makes a lot of sense now! Thank you so much!!!
Excellent videos!!!
thx
Could you please make a video about single finance I would like to know more about this project but I do not understand it
You hope to see me next time? How would you do that?
Question, you talked about centralized and decentralized exchanges. It was said that stablecoind is traded on a decentralized exchange, But isn't stablecoine also traded on Coinbase that is a centralized exchange? 🤔 Please feel free to comment!
I appreciate the info
amazing video
idea to make animated video was cool!
I'm trading usdt and can also suggest it to others
3:33 where can i put my stablecoins to earn 20% apy?
Terra is on discount
I haven't seen such interesting works for a long time! Separate respect for this! New users can learn a lot about what usdt/busd/tusd is!
3:31 well that didn't age well
I prefer to trade usdt pairs on Binance.
Quite informative. The only 2 reasons which kept me from subscribing though are the constant reminders to subscribe and the kind of double intro, explaining whiteboard crypto two times in the first quarter of the vid.
Stablecoins are important for the crypto market. Otherwise, Tether, BUSD and others would not be so popular.
I don't understand the part where they convert 50 bitcoins to 500k USD, convert the 500k USD to 500k dai (since 1 DAI = 1 USD) and then "hold it to buy back at a lower price". What does "hold it to buy back at a lower price" mean? Does it mean that I won't actually use my 500k DAI for anything and then when the price goes down again, I will buy more bitcoin for 500k DAI so essentially I will end up having more than 100 bitcoin? Why do I need to convert to DAI for that? Why can't I use conventional USD?
I think I'm leaning towards tether at the moment due to the decentralization in the future, that would be nice
Although< I have interests in global economics I don't watch the news anymore... I have enough FUD lol. Thanks for this news and offering your insight on how to navigate during unfortunate times/events like this. You're right about keeping level headed when investing so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present has enough to know issues going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 23` btc from day trading with Steven Dunn's Signal in few weeks, this is one of the best medium to backup your assets incase it goes bearish.,,;';'
question regarding stable coins: What stops the possibility of you investing tether into btc, and then the USD investment into tether also gets invested into btc causing 2 USD invested for every 1 USD. I know they like to claim that they hold USD in reserves, but like... yaknow
Stablecoins are as stable as Terra Luna. Just ask Do Kwon. lol
RIP LUNA UST
I'm curious why you say reserve funds can't be invested. Tether insvests them. I think that's also the case for most stablecoins. That's how they can pay for their expenses!