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?
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
QuoteTether 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
Poloniex is now displaying USDT as the main USD. What a missed opportunity, it could've been BitUSD.
Quote from: bitmeat on February 18, 2015, 08:39:30 AM
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?
Quote from: bitmeat on February 18, 2015, 08:39:30 AM
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.
Quote from: fluxer555 on February 18, 2015, 05:50:10 AM
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.
I view them as a friend. Read the first few comments here: https://bitsharestalk.org/index.php?topic=14318.0
Gateway potential 8)