Tether -- USD on the blockchain backed by bank account

[yellowecho]

I view them as a friend.  Read the first few comments here:  https://bitsharestalk.org/index.php?topic=14318.0

Gateway potential  8)

[Empirical1.2]

Friend or Foe?
What real advantages does BitUSD have over Tether?
What real advantages does Tether have over BitUSD?
How can we work together?
Where will we compete?

I don't think these types of Assets will gain much traction. Bank accounts can be seized/stopped at any time and or the owners could perhaps take the money.

Only a very big counterparty that had it's assets in multiple traditional safe haven jurisdictions plus other protections could be mildly popular.

Decentralised BitAssets with good liquidity and gateways are far superior.

[Rune]

Poloniex is now displaying USDT as the main USD. What a missed opportunity, it could've been BitUSD.

It couldn't. BitUSD would have to have a highly liquid bitUSD/USD market for this to be feasible. We're still far from that.

[xeroc]

Poloniex is now displaying USDT as the main USD. What a missed opportunity, it could've been BitUSD.

seriously?
So why the hell they trade BTS again?

[bitmeat]

Poloniex is now displaying USDT as the main USD. What a missed opportunity, it could've been BitUSD.

[xeroc]

if you search for tether by google you fail finding a crypto currency .. 0:1 for bitshares :)
there is a company developing some software behind closed doors .. 0:2 for bitshares :)
only beta access available as of now .. 0:3 for bitshares

Tether currency is backed 100% by actual fiat currency assets in our reserve account and always maintains a one-to-one ratio with any currency held. For example 1 USD₮ = 1 USD.

lol woot? ... 0:4 for bitshares
people heard about it before the launch and marketing seems better ... 1:4

[fluxer555]

Friend or Foe?
What real advantages does BitUSD have over Tether?
What real advantages does Tether have over BitUSD?
How can we work together?
Where will we compete?