BitShares Forum
Main => General Discussion => Topic started by: starspirit on January 15, 2015, 07:39:13 pm
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Were we in any discussion with Bitfinex?
http://finance.yahoo.com/news/tether-introduces-real-world-currency-160000085.html
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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?
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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.
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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.
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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.
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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.
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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.