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Offline Gentso1

USDcoin anyone?
« on: August 17, 2014, 05:59:20 PM »

http://www.cryptocoinsnews.com/news/usdcoin-may-become-reality-says-cryptolina-bitcoin-regulation-panel/2014/08/17

I found this to be a interesting article. While usdcoin would have many disadvantages as far as centralization and the fact that it is backed be a government that is trillions in debt.

It would have the advantage of well being backed by the gov and that tends to make most people feel, safer about it.

Who thinks they will actually release a gov backed coin? Will private companies be able to compete with digital gov backed coins? Would the masses accept a gov backed coin over a privately backed one?

Offline fluxer555

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Re: USDcoin anyone?
« Reply #1 on: August 17, 2014, 06:30:43 PM »
It would be cool if they used DPOS and honored the social consensus. We'd all be billionaires.
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Offline Empirical1

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Re: USDcoin anyone?
« Reply #2 on: August 17, 2014, 06:32:28 PM »
It would be cool if they used DPOS and honored the social consensus. We'd all be billionaires.

It would be nice :) But they'd release a pretty centralised coin and it would have little anonymity I would suspect.

Offline Gentso1

Re: USDcoin anyone?
« Reply #3 on: August 17, 2014, 06:42:30 PM »
It would be cool if they used DPOS and honored the social consensus. We'd all be billionaires.

It would be nice :) But they'd release a pretty centralised coin and it would have little anonymity I would suspect.

I would have mixed feelings about being partnered with them. Yea we would all be rich but it would be completely opposite of what we are trying to do.  Can I buy new morals with money(idea for bitasset, lol) 

Offline luckybit

Re: USDcoin anyone?
« Reply #4 on: August 19, 2014, 01:10:39 AM »
It would be cool if they used DPOS and honored the social consensus. We'd all be billionaires.

It would be nice :) But they'd release a pretty centralised coin and it would have little anonymity I would suspect.

I would have mixed feelings about being partnered with them. Yea we would all be rich but it would be completely opposite of what we are trying to do.  Can I buy new morals with money(idea for bitasset, lol)

If they used Bitshares technology we wouldn't all be rich unless they adhered to the social consensus. They are the government so they wouldn't have to adhere to shit.

Whatever they do isn't going to help us do anything except pay our taxes easier.
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