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RE: Why Tether’s latest statement about its auditor is complete BS
There’s clearly demand for such a concept, and Tether isn’t the only “stablecoin” in the game (see: TrueUSD and Maker).
You forgot to mention bitUSD and bitCNY that is backed at least 2X with BTS collateral ! And it works for years (eternity in cryptospace)
And the most important thing you trade them in a decentralized DEX environment and not on the risky centralized exchanges !!!
https://wallet.bitshares.org/#/market/USD_BTS
https://wallet.bitshares.org/#/market/CNY_BTS
BitUSD, CNY and EUR as well
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View post on dMania
And Hero.
Why use shady tether when you have BTS????!!11
UK’s Royal Mint Launches Gold-Backed Cryptocurrency
https://cointelegraph.com/news/uks-royal-mint-launches-gold-backed-cryptocurrency
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very good point! i think these are infinitely better alternatives to what Tether is trying to do
what about SBD lol, wasn't that supposed to be a stablecoin
333 comments im the 334th!
*art done by me @nmf-ii
illuminati confirmed.
But you forgot to mention that the risky part is to get out your virtual bitUSD, that is backed at least 2X with BTS collateral, to FIAT money without help of some exchange. If this exchange is not trustful then your money can be locked in it and no collateral could help.😉
When you go out you use the centralized exchange that works at the moment. You don't keep your funds there. You use it only to exchange.The risk is minimal. The risk is huge only when you leave your tokens there.
Most people leave their tokens there specially when there are no good wallets for currencies such as IOTA or VERGE
revoke ur account here
https://v2.steemconnect.com/revoke/@streemian
Fiat? lol. What's that backed by big guy?
Crypto and Fiat are backed by the same guys.
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@raamis, how about saying something useful or funny, less desparate.
@pumpthatcoin US fiat is backed by economic slavery of americans, mathematically impossible for them to pay off either. I know you know, this just for the un-educated on monopoly money matters
@scorer - Yes, because whole danged system came out of a fiat one
Fiat is back by Faith. Faith is very valuable, ask Jesus.
I like your comment and also upvoted you plzzz upvote my comment plzzzzz
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Fiat is enslavement tool, it has no value.
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Faith in the economic slavery of americans to pay it back to the central bankers, to be more specific. I have no faith in them. Despite that, my USD does still work for transactions, look at that!
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After signing up please leave a comment to this post so that I can see the first 10 people, thanks :-)
In this way we can help eachother.
is this for real?
Yes, it is. The winner prices are 500 TRX which is equal to 30$ more or less. It does not sound of much but when the prices raise again it will be much more.
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@espano @liodani @safetony Thoughts? Thanks!
https://steemit.com/bitcoin/@thomasawa/btc-usd-01-02-2018-update-2-complete-ta-fa
Great post!
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