Tether deal with Bitfinex - deposits/withdrawals in fiat-based crypto!

[bytemaster]

http://bytemaster.bitshares.org/article/2015/01/15/Is-Fractional-Reserve-Banking-a-Ponzi-Scheme/

The more people that create "crypto IOUs" the easier it will be for us to create crypto gateways. 

For example, creating a NuBit gateway would be very useful for us... total time exposed to NuBit will be small enough that most people are unlikely to be caught in the eventual default.

A crypto-IOU basically makes integration with them MUCH easier. 

[xiahui135]

Each Tether is backed 1-to-1 by its corresponding currency, which can be viewed and verified in real-time via the Tether.to website and on the Blockchain

bitreserve 2.0?
It's an IOU backed by the asset with 100% .. interesting find ..
isn't bitfinex=yunbi? haven't they asked for 100% delegates recently?

Just wanted to say that :)

I hope this whole IOU stuff doesn't get too much hype. Considering how strong ripple is I fear many people don't care about decentralization that much.

After a few high-profile defaults / hacks they will learn.

But for average people, currencies like btc seem easier to be hacked, because of the btc lost news out there.

[bytemaster]

Each Tether is backed 1-to-1 by its corresponding currency, which can be viewed and verified in real-time via the Tether.to website and on the Blockchain

bitreserve 2.0?
It's an IOU backed by the asset with 100% .. interesting find ..
isn't bitfinex=yunbi? haven't they asked for 100% delegates recently?

Just wanted to say that :)

I hope this whole IOU stuff doesn't get too much hype. Considering how strong ripple is I fear many people don't care about decentralization that much.

After a few high-profile defaults / hacks they will learn.

[Frodo]

Each Tether is backed 1-to-1 by its corresponding currency, which can be viewed and verified in real-time via the Tether.to website and on the Blockchain

bitreserve 2.0?
It's an IOU backed by the asset with 100% .. interesting find ..
isn't bitfinex=yunbi? haven't they asked for 100% delegates recently?

Just wanted to say that :)

I hope this whole IOU stuff doesn't get too much hype. Considering how strong ripple is I fear many people don't care about decentralization that much.

[Rune]

Seems like it's basically colored coins. I think this is an okay sign for us, if bitcoin exchanges are willing to support this they might also be willing to support market pegged assets in time.

[xeroc]

Each Tether is backed 1-to-1 by its corresponding currency, which can be viewed and verified in real-time via the Tether.to website and on the Blockchain

bitreserve 2.0?
It's an IOU backed by the asset with 100% .. interesting find ..
isn't bitfinex=yunbi? haven't they asked for 100% delegates recently?

[starspirit]

Were we in any discussion with Bitfinex?

http://finance.yahoo.com/news/tether-introduces-real-world-currency-160000085.html