https://www.thesun.co.uk/tech/6531388/bitcoin-price-manipulation-crypto-scam-tether-bitfinex/
I wonder if this is true and if so tether is probably in hot water
Time for a provably fair and transparent stable coin
I wonder if this is true and if so tether is probably in hot water
Time for a provably fair and transparent stable coin
Very soon! We are converting my Python code to c++! So that will make it nice and fast.
Then the last little part is I need to make basic QT functions and exchange stuff. All my testing is going excellent everything works.
I should be doing a new release to private testers today and then we open up public tests.
We will probably have a demo exchange so our users can test the feel of this peg and make a game out of it. I've got to talk to our team about that.
That's good news indeed.
People still don't seem to get that a stable coin that relies on audits and promises and taking peoples word for it is not really in the spirit of crypto ...
https://bitcointalksearch.org/topic/m.46194898
what you want is a fully transparent trustless and democratic method like bitbay
I responded to them as well!
Thanks for the link!
Just a matter of time before the big boys catch onto this!
https://bitcointalksearch.org/topic/m.46208944
Excellent reply to that thread cheers
Also this bit is really awesome
In BitBay, people can buy up liquid coins and voluntarily freeze them for a higher stake reward interest rate. The current levels are set at: voluntary freeze (3 month time lock) = 4-5% newly minted coins per year, network frozen coins = 2-2.5% newly minted coins per year, and liquid coins = 1% newly minted coins per year. So imagine you had 10 million dollars invested in BitBay at the beginning of the year. You voluntarily freeze your coin supply 4 times back to back (3 month time locks) = you gain 4-5% newly minted coins. And on top of that, BitBay's exchange price increases by 10-12% over the course of 12 months. You do the math! That's a "little" bit better return than you'll get from any of these hard pegged stable coins!
I was not aware we were going with the tiered system. This is exactly what bay needs to encourage holding. Ha of course i would love even more tiers with even more variable rates. But still this is great news.
Still stacking bay here but also really hoping bittrex bill gives us the green light too.
