The USD was pegged to gold once but the bankers started to fake the gold until
the french asked for payment in gold in 1973 from the Americans and then the USD
got pushed off the gold standard.
USDT is pegged to the USD but lots of people are crying fowl !
https://www.reddit.com/r/btc/comments/7d9jz8/bitfinexs_tether_usdt_printing_fraud/No one is arguing the other side because there is no evidence for other side, including Tether themselves. The more you research Tether and their bogus USDT, the more you will come to the same conclusion that everyone else does: TETHER/BITFINEX ARE A FOCKING FRAUD. You try and create an argument for Tether... good luck!
------------------------- White paper with color you all love
--------------------------
Bit-Coin-Copper (
BCC) is pegged to the price of
BTC at a ratio of 10,000:1
Deposit of 1
BTC is deposited on Bitcoin block-chain (Working capital)
BCC now has a buffer of 1,000 coins without any mining bullshit and silly program code
BCC Public key in
BTC block-chain becomes public and is a Well Known Address. Copper Public Address (CPA)
Genesis node in
BCC block-matrix is created with a balance of 1,000 coins (Working capital)
Wallets will contain the usual
BCC public/private keys but must also contain users
BTC public key
Payments made using
BTC and sent to CPA will become new mined coins on the
BCC ledger
and result in coins being added to the persons
BCC wallet at ratio of 10,000:1 but will need the wallet to
synchronize with
BCC nodes and send the
BCT public key to the
BCC nodes to credit the account with
BCCThe balance of the
BCC ledger should always total close to the amount held on reserve in
the BTC block chain with the key CPA and the public are welcome to check the balance but the key
point here is that person topping up a wallet has to pay the
BTC miners fee during the transaction to
convert
BTC to
BCC.
All send and receive transactions now take place on the public
BCC block-chain and are independent
of the
BTC block-chain and the transaction fee will be fixed at $0.10 that becomes adjusted once a day
(Micro transactions charged at $0.01 but is subject to availability of the network)
The
BCC network will always have enough
BTC on reserve to pay anyone in Bitcoin who want to cash out
but this will be subject to the
BTC miners fees and the amount will be deducted from the
BCC wallets balance.
---------------------------------------- End white paper, see us on twitter clap trap ----------------------------
The above will create a new Bitcoin Copper Coin block chain and the coin will always have value
as long as BTC maintains a value and also achieves a degree of accountability which is a lot more than can be
said for other ICO's peddling hens teeth so what do you think apart from having to rely on me not emptying the
BTC account and running off with the money to live in the sun.
