BitShares Forum
Main => General Discussion => Topic started by: btswildpig on January 13, 2016, 09:34:45 am
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+5% Now TCNY can be deposited in BTC38 as fiat .
TCNY is also a pegged asset , not IOU .
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That's really great news! Nice move!
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Wow .. +5%
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Congrats! +5%
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Thanks everyone.
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Congratulations! +5%
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Congrats! +5% :D
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+5%
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+5% +5% +5% +5% +5%
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First privatised smartcoin tradable in an exchange. +5%
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Great work, guys!
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Great +5%
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+5% :)
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+5% Congrats
I think there could be a good market for TCNY/TUSD this year?
CNY is 4% weaker vs. USD in the last 2-3 months.
If that trend continues a lot of Chinese people would really like exposure to TUSD?
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+5% Congrats
I think there could be a good market for TCNY/TUSD this year?
CNY is 4% weaker vs. USD in the last 2-3 months.
If that trend continues a lot of Chinese people would really like exposure to TUSD?
be practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running , or lack of liquidity .
It's a fun experiment .
I would rather expose myself to cold hard USD cash .
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+5%
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+5% Congrats
I think there could be a good market for TCNY/TUSD this year?
CNY is 4% weaker vs. USD in the last 2-3 months.
If that trend continues a lot of Chinese people would really like exposure to TUSD?
be practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running , or lack of liquidity .
It's a fun experiment .
I would rather expose myself to cold hard USD cash .
when I created TUSD, my plan is to provide TUSD redeem service with cooperation with business partners, but finally the partner decided not to introduce BTS things to their business process. so I now need to look for another, seems the service will not come soon.
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+5% Congrats
I think there could be a good market for TCNY/TUSD this year?
CNY is 4% weaker vs. USD in the last 2-3 months.
If that trend continues a lot of Chinese people would really like exposure to TUSD?
be practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running , or lack of liquidity .
It's a fun experiment .
I would rather expose myself to cold hard USD cash .
Except there's an annual limit of $50 000 which may go even lower if Yuan devaluation continues.
I don't know if you can view the link but there was an article last week that said that some people in China are even buying expensive .com domains as a way to move money from CNY to USD.
http://www.zerohedge.com/news/2016-01-05/heres-ultra-clever-way-chinese-are-circumventing-capital-controls
This is very complicated and risky in terms of getting value back. I think a good TUSD may be better by comparison.
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+5% Congrats
I think there could be a good market for TCNY/TUSD this year?
CNY is 4% weaker vs. USD in the last 2-3 months.
If that trend continues a lot of Chinese people would really like exposure to TUSD?
be practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running , or lack of liquidity .
It's a fun experiment .
I would rather expose myself to cold hard USD cash .
Except there's an annual limit of $50 000 which may go even lower if Yuan devaluation continues.
I don't know if you can view the link but there was an article last week that said that some people in China are even buying expensive .com domains as a way to move money from CNY to USD.
http://www.zerohedge.com/news/2016-01-05/heres-ultra-clever-way-chinese-are-circumventing-capital-controls
This is very complicated and risky in terms of getting value back. I think a good TUSD may be better by comparison.
Most Chinese people couldn't earn 50000 USD a year .
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+5% Congrats
I think there could be a good market for TCNY/TUSD this year?
CNY is 4% weaker vs. USD in the last 2-3 months.
If that trend continues a lot of Chinese people would really like exposure to TUSD?
be practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running , or lack of liquidity .
It's a fun experiment .
I would rather expose myself to cold hard USD cash .
Except there's an annual limit of $50 000 which may go even lower if Yuan devaluation continues.
I don't know if you can view the link but there was an article last week that said that some people in China are even buying expensive .com domains as a way to move money from CNY to USD.
http://www.zerohedge.com/news/2016-01-05/heres-ultra-clever-way-chinese-are-circumventing-capital-controls
This is very complicated and risky in terms of getting value back. I think a good TUSD may be better by comparison.
Most Chinese people couldn't earn 50000 USD a year .
True. But the top 1% of Chinese households (15-30 million people) have an average net worth of $1.6 million
If a lot of their wealth is in Yuan denominated assets (Property, Chinese Stocks, other...) they will want to move more than $50k into USD/other if the Yuan is rapidly depreciating.
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+5% Congrats
I think there could be a good market for TCNY/TUSD this year?
CNY is 4% weaker vs. USD in the last 2-3 months.
If that trend continues a lot of Chinese people would really like exposure to TUSD?
be practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running , or lack of liquidity .
It's a fun experiment .
I would rather expose myself to cold hard USD cash .
Except there's an annual limit of $50 000 which may go even lower if Yuan devaluation continues.
I don't know if you can view the link but there was an article last week that said that some people in China are even buying expensive .com domains as a way to move money from CNY to USD.
http://www.zerohedge.com/news/2016-01-05/heres-ultra-clever-way-chinese-are-circumventing-capital-controls
This is very complicated and risky in terms of getting value back. I think a good TUSD may be better by comparison.
Most Chinese people couldn't earn 50000 USD a year .
True. But the top 1% of Chinese households (15-30 million people) have an average net worth of $1.6 million
If a lot of their wealth is in Yuan denominated assets (Property, Chinese Stocks, other...) they will want to move more than $50k into USD/other if the Yuan is rapidly depreciating.
and you think those rich folks have nothing better than a crypto platform that only has hundreds of real users to divest their wealth , including using other people's quota ?
that's what i mean about being practical . you can only attract those who you can afford to attract .
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+5% Congrats
I think there could be a good market for TCNY/TUSD this year?
CNY is 4% weaker vs. USD in the last 2-3 months.
If that trend continues a lot of Chinese people would really like exposure to TUSD?
be practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running , or lack of liquidity .
It's a fun experiment .
I would rather expose myself to cold hard USD cash .
Except there's an annual limit of $50 000 which may go even lower if Yuan devaluation continues.
I don't know if you can view the link but there was an article last week that said that some people in China are even buying expensive .com domains as a way to move money from CNY to USD.
http://www.zerohedge.com/news/2016-01-05/heres-ultra-clever-way-chinese-are-circumventing-capital-controls
This is very complicated and risky in terms of getting value back. I think a good TUSD may be better by comparison.
Most Chinese people couldn't earn 50000 USD a year .
True. But the top 1% of Chinese households (15-30 million people) have an average net worth of $1.6 million
If a lot of their wealth is in Yuan denominated assets (Property, Chinese Stocks, other...) they will want to move more than $50k into USD/other if the Yuan is rapidly depreciating.
and you think those rich folks have nothing better than a crypto platform that only has hundreds of real users to divest their wealth , including using other people's quota ?
that's what i mean about being practical . you can only attract those who you can afford to attract .
Bitcoin is being used for this purpose and the article I linked to showed some Chinese are buying expensive .com domains as a way to move money.
So I think TUSD could be simpler and cheaper than buying .com's as a way to move wealth and is also preferable to Bitcoin which exposes you to a lot of volatility unless you trade out of it very quickly.
You are right that BTS is still small though.