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Title: Using colored coins to distribute a token pegged to the USD? Post by: dillpicklechips on October 23, 2013, 04:30:31 PM Is there a country where a business could be safely set up that sells colored coins/tokens of btc that are pegged to the dollar? Somewhere where they could sell as well as buy back the tokens and having the all funds all backed up in a bank or is such a business always at risk of being seized making the tokens worthless?
Title: Re: Using colored coins to distribute a token pegged to the USD? Post by: giantdragon on October 23, 2013, 06:01:16 PM that sells colored coins/tokens of btc that are pegged to the dollar? I don't understand, these tokens will be denominated in USD or BTC?Title: Re: Using colored coins to distribute a token pegged to the USD? Post by: dillpicklechips on October 23, 2013, 06:13:24 PM that sells colored coins/tokens of btc that are pegged to the dollar? I don't understand, these tokens will be denominated in USD or BTC?Title: Re: Using colored coins to distribute a token pegged to the USD? Post by: justusranvier on October 23, 2013, 06:16:05 PM No, there is no country in the world where a traditional business can safely issue a convertible USD token.
In the future the infrastructure will be in place such that a non-traditional, P2P system for doing this can operate. Title: Re: Using colored coins to distribute a token pegged to the USD? Post by: prophetx on October 24, 2013, 10:40:59 PM Is there a country where a business could be safely set up that sells colored coins/tokens of btc that are pegged to the dollar? Somewhere where they could sell as well as buy back the tokens and having the all funds all backed up in a bank or is such a business always at risk of being seized making the tokens worthless? isn't this what ripple does essentially? |