Bitcoin parity to USD

[andrew1carlssin]

While reading

A Trustworthy Alternative to Tether

https://hackernoon.com/truecoin-unveils-usd-backed-stable-coin-a-trustworthy-alternative-to-tether-b436610df9bb

I start wondering how Bitcoin parity to fiat can be accurate measurably ?

[tonylewisverdu]

a good article to be read..

[darkangel11]

I start wondering how Bitcoin parity to fiat can be accurate measurably ?

Measured accurately?  

I don't think that having tether is a must. Sure, it does exist and some exchanges are allowing their clients to turn their cryptos into tether so that they will have this idea of trading for USD, without actually doing it, and the exchange can't be pressured for money transmitting licenses and all that crap.
On one hand we could simply trade for fiat. Exchanges around the world are doing it anyway by pairing coins with the current value of their local currencies. They don't use usdt and they don't suse USD, yet they are completely fine. On the other we could implement a new, better tether. There's also the third option available that may seem stupid right now but not in the future. Ignore tether and its new versions and build a closed economy based only on cryptocurrencies.

[ManaMan]

While reading

A Trustworthy Alternative to Tether

https://hackernoon.com/truecoin-unveils-usd-backed-stable-coin-a-trustworthy-alternative-to-tether-b436610df9bb

I start wondering how Bitcoin parity to fiat can be accurate measurably ?

Will investigate more about this, however if you need some "stable coin" you might want to check bitshares and their bitUSD, bitCNY, bitEUR.... these are backed up by collateral and so far they've been pretty stable like 3y now already.

[jerry3k5jamiso1]

This is really a great idea but it is not easy to do it. Creating a stable crypto for intermediate exchange between crypto types will help stabilize the crypto market but this will reduce the volatility of the market and make sure that it will not be speculators like. But I am very supportive of this idea because it really benefits the whole crypto market, not individuals who want to get more profit from this market.