The question we aim to answer is how safe and stable are stablecoins? We will be covering crypto and commodity backed stablecoins in this episode. Are stablecoins backed by cryptocurrencies or gold any better than fiat or algorithmic stablecoins? Well, the answer depends on what you want. If you are looking for something pegged to the dollar, you may have a better time with fiat backed stablecoins. If you want to stay in the realm of crypto but you want a coin that’s more stable to use for buying things, a crypto collateralized coin like DAI may be a good option for you. If you want something backed by a commodity and simply want exposure in crypto to real world assets like gold, you can invest in something like PAXG or XAUT. Crypto-Collateralized Stablecoins Like fiat collateralized stablecoins, these coins are supposed to be backed 1:1 but instead of fiat it’s by various cryptocurrencies. Sometimes, it’s just one cryptocurrency and other times it’s a pool of them. It can either be pegged to $1 still like DAI or be pegged to something else entirely like wrapped Bitcoin on Ethereum. Advantages: The main advantage of crypto-collateralized stablecoins is that they offer you exposure outside of just fiat and let you stay more within the realm of crypto. Beyond that, they also offer more options for decentralization as they may not require an entity like Tether to back their currency and can utilize a DAO like DAI. Drawbacks: More decentralization means less ability to control the funds, so they are more vulnerable to hacks. Being crypto backed means, it may also not be as reliable in a crypto bear market. Commodity-Collateralized Stablecoins Commodity-collateralized stablecoins are those that are backed by physical good commodities like gold that are held by a central entity. Like a fiat backed stablecoin, they are supposed to store the commodity and back their cryptocurrency at a 1:1 ratio. While there are some examples outside gold and it’s possible to tokenize anything, we will mainly talk about gold examples to keep things simple. https://coinmarketcap.com/alexandria/glossary/asset-backed-tokens - Coinmarket also gives an explanation of this. They can also be referred to as asset-backed tokens to simplify the term. You can find some gold examples and explanations on this from Coinmarketcap too: https://coinmarketcap.com/alexandria/glossary/gold-backed-cryptocurrency. Advantages: Gain exposure to more stable assets while staying in the crypto realm and maintain the ability to buy cheap fractional physical assets and hold them in a decentralized way. Drawbacks: You still need to trust a centralized entity to not mismanage or lie about the backing of their commodity-backed assets. You still need to rely on the underlying asset so it may not necessarily be stable in comparison to other stablecoins, but it will still ideally accurately reflect the value of that asset. There aren’t very many reliable projects that tokenize real world assets that I would be confident enough in to use instead of buying the real world asset or just holding cryptocurrency like Bitcoin. They also tend to have low liquidity and aren’t trading on many exchanges. Do you hold any crypto collateralized or commodity backed stablecoins? Do you trust that they are backed 100%? Do you trust any of these entities? Let me know what you think about this in the comments below and don’t forget to subscribe! For some examples of each check out my blogs: Hive: Publish0x: Read.Cash: *Disclaimer: This is not financial advice and is purely for entertainment purposes. What you see, hear, or read is my personal opinion, and any statements made are based on my views and should not be misconstrued as fact. My crypto portfolio may or may not be simulated* ? Support Me & Follow Me Elsewhere ? ? http://www.scottcbusiness.com Ask questions in my Telegram: https://t.me/cryptoandthings You can find all my cryptocurrency addresses on https://cointr.ee/scottcbusiness You can find all of my referral links here: https://linktr.ee/scottcbusiness

I recently had the chance to discuss Flote with Kingsley Edwards who is the CEO there to discuss the platform and what they have going on. Check it out! Flote is a community-driven social network focused on user privacy & monetization. It has no algorithms, no spying, no fees, and no problems. The rules are easy and simple, you can livestream, and be sent tips in the form of Bitcoin with ease. These are some of the questions we went over: • Can you tell us a little bit about yourself? – 0:15 • What does your average day look like? – 2:00 • Can you give us a brief introduction to Flote? – 5:10 • Do you want to talk a bit about your livestreaming feature? – 13:25 • Most platforms have complex policies and rules, but Flote was very simple and easy, want to share how Flote does it differently? – 16:48 • What are the next big updates for Flote to release soon or that are in the works? – 20:45 • After acquiring Bitbacker what are your plans moving forward around that acquisition? – 23:07 • Where does Flote fit in with other existing platforms or how it’s uniquely different? – 25:14 • Where do you see Flote going in the next year? The next 5 years? - 27:31 • Will you or any of your team be attending any upcoming crypto or blockchain related events? – 36:19 • Can you share with everyone where they can go to learn more about this? – 37:48 • What are the social handles people can follow? – 38:28 • Is there anything else you’d like to share with the audience? – 39:05 Check out https://flote.app/ for more information and to learn more about what they have to offer. Let me know what you think about this in the comments below and don’t forget to subscribe!

Consistency really is the foundation of success. You can’t only dedicate on the days you feel like it, you need to find your motivation and focus on your passion. You can pursue your passion and you can do so much with it, but you need to first learn to become disciplined for it to really be able to come to fruition. Rarely does anyone get lucky, it’s about the work and the sacrifices. I have found even in my humble journey that the more I’m willing to sacrifice consequentially, the more I am able to achieve. It’s a hard game of fighting with what you want in the short term and how you actually want the long term to pan out. It’s always been the case for me that that living for the long term and delaying gratification wherever possible almost always is the winning play. ? You can also follow me on: YouTube - https://www.youtube.com/channel/UCDBycVghUbnimnzqirsU1Jg Steem - https://steemit.com/@scottcbusiness Minds - https://www.minds.com/scottcbusiness Publish0x - https://www.publish0x.com/at-scottcbusiness/ Uptrennd - https://www.uptrennd.com/user/scottcbusiness Gab - https://gab.com/scottcbusiness Twitter - https://twitter.com/Scottcbusiness Instagram - https://www.instagram.com/scottcbusiness LinkedIn - https://linkedin.com/in/scottcbusiness ? Support Me Via: https://www.subscribestar.com/scottcbusiness ETH: 0xE0d930a0aa8e57e037D749a868ade5682a34e88e BTC: 3MWhAo2pbrKLmhkRGj8WuTo2VzLVeuimTs LTC: MJMYVTL5iL9GvyQJcn7w7uiyUFMuSFDHke #consistency #success #motivation ... https://www.youtube.com/watch?v=gZjDPxjvlo0

???????? ????? ??? ???? ?????? ???? #growthhack ?? ???? ???? ??????? ??? ??? ????????? ???????? ???? ????????? ????? ??? #font ?????? ?? any platform! You are probably wondering how this is possible to have my profile with different font styles or this very post to have the same. Well if you've been following my posts you know I will always bring you the latest and great for Linkedin and wow we have a gem to share today. I previously talkeda bout this here: https://www.linkedin.com/feed/update/urn:li:activity:6512211295020949504 but I wanted to cover this in a video. Also I wanted to stress the point that this is for any social media platform not just Linkedin. ??? ??? ???? ????? ??? ??? ????? ?? ????? ????? ????? This is the site you use: https://coolsymbol.com/cool-fancy-text-generator.html Learn more about #socialmedia with me by subscribing :) ? You can also follow me on: YouTube - https://www.youtube.com/channel/UCDBycVghUbnimnzqirsU1Jg Steem - https://steemit.com/@scottcbusiness Minds - https://www.minds.com/scottcbusiness SOLA - https://sola.ai/scottcbusiness Gab - https://gab.com/scottcbusiness BitTube - https://bit.tube/scottcbusiness BitChute - https://www.bitchute.com/channel/scottcbusiness/ Twitter - https://twitter.com/Scottcbusiness Instagram - https://www.instagram.com/scottcbusiness LinkedIn - https://linkedin.com/in/scottcbusiness ? Support Me Via: https://www.subscribestar.com/scottcbusiness ETH: 0xE0d930a0aa8e57e037D749a868ade5682a34e88e BTC: 3MWhAo2pbrKLmhkRGj8WuTo2VzLVeuimTs LTC: MJMYVTL5iL9GvyQJcn7w7uiyUFMuSFDHke ... https://www.youtube.com/watch?v=W51QG9Mt0y8