21–30 of 95 posts
Earlier quoted context omitted.
I got a coin “HNcoin”. I deem it worth $1.00! why? because I said so. I will sell it to you for just 95c Easiest arbitrage opportunity.
You just explained the Federal Reserve...
Earlier quoted context omitted.
I got a coin “HNcoin”. I deem it worth $1.00! why? because I said so. I will sell it to you for just 95c Easiest arbitrage opportunity.
You just explained the Federal Reserve...
Isn't this an easy opportunity for arbitrage? Assuming it goes back up to $1. I thought that was the whole point of fiat-backed crypto?
There's a wave of full-reserve stablecoins with more careful regulatory strategies in the pipes. For example, Sila. * If you need programmable money, and also want access to US mainstream, then I think this is increasingly going to be where you go. * https://medium.com/@blog_53353/announcing-sila-building-the-...
If it’s true that tether is fraudulently printing tethers, then Bitfinex has already pulled one of the largest heists in history.
An important case law regarding these types of digital cash operators would be liberty reserve.
https://www.nytimes.com/2013/05/29/nyregion/liberty-reserve-...
Earlier quoted context omitted.
I got a coin “HNcoin”. I deem it worth $1.00! why? because I said so. I will sell it to you for just 95c Easiest arbitrage opportunity.
You just explained the Federal Reserve...
Earlier quoted context omitted.
I got a coin “HNcoin”. I deem it worth $1.00! why? because I said so. I will sell it to you for just 95c Easiest arbitrage opportunity.
You just explained the Federal Reserve...
Second point, 1 dollar is not a stable unit of value as viewed by other currencies. This is fine, you're valuing the fed vs currency x's backing resource.
Earlier quoted context omitted.
You just explained the Federal Reserve...
The Fed is backed by the US Federal Government, which has quite some assets to cash in to pay off its obligations in the worst case. Tether has… nothing.
To date, there has been no trusted and regulated digital representation of the U.S. dollar that moves in an open, decentralized manner like cryptocurrencies. Enter the Gemini dollar — a stable value coin (often called a “stablecoin”) that is (i) issued by Gemini, a New York trust company, (ii) strictly pegged 1:1 to the U.S. dollar, and (iii) built on the Ethereum network according to the ERC20 standard for tokens. ...
https://medium.com/gemini/gemini-launches-the-gemini-dollar-...