Bitcoin parity to USD | Bitcointalksearch.org

jerry3k5jamiso1

full member

Activity: 434

Merit: 100

This is really a great idea but it is not easy to do it. Creating a stable crypto for intermediate exchange between crypto types will help stabilize the crypto market but this will reduce the volatility of the market and make sure that it will not be speculators like. But I am very supportive of this idea because it really benefits the whole crypto market, not individuals who want to get more profit from this market.

ManaMan

member

Activity: 238

Merit: 38

Quote from: andrew1carlssin on April 10, 2018, 12:00:05 PM

While reading

A Trustworthy Alternative to Tether

https://hackernoon.com/truecoin-unveils-usd-backed-stable-coin-a-trustworthy-alternative-to-tether-b436610df9bb

I start wondering how Bitcoin parity to fiat can be accurate measurably ?

Will investigate more about this, however if you need some "stable coin" you might want to check bitshares and their bitUSD, bitCNY, bitEUR.... these are backed up by collateral and so far they've been pretty stable like 3y now already.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: andrew1carlssin on April 10, 2018, 12:00:05 PM

I start wondering how Bitcoin parity to fiat can be accurate measurably ?

Measured accurately? Roll Eyes

I don't think that having tether is a must. Sure, it does exist and some exchanges are allowing their clients to turn their cryptos into tether so that they will have this idea of trading for USD, without actually doing it, and the exchange can't be pressured for money transmitting licenses and all that crap.
On one hand we could simply trade for fiat. Exchanges around the world are doing it anyway by pairing coins with the current value of their local currencies. They don't use usdt and they don't suse USD, yet they are completely fine. On the other we could implement a new, better tether. There's also the third option available that may seem stupid right now but not in the future. Ignore tether and its new versions and build a closed economy based only on cryptocurrencies.

tonylewisverdu

newbie

Activity: 28

Merit: 0

a good article to be read..

andrew1carlssin

jr. member

Activity: 168

Merit: 3

#Please, read:Daniel Ellsberg,-The Doomsday *wk

While reading

A Trustworthy Alternative to Tether

https://hackernoon.com/truecoin-unveils-usd-backed-stable-coin-a-trustworthy-alternative-to-tether-b436610df9bb

I start wondering how Bitcoin parity to fiat can be accurate measurably ?

Topic: Bitcoin parity to USD (Read 187 times)