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BitDollar is like beer without alcohol...
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Topic: BitDollar is like beer without alcohol... (Read 1004 times)
bitpump
(OP)
Full Member
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BitDollar is like beer without alcohol...
December 12, 2014, 01:57:38 PM
#1
"bitdollar = digital currency backed by the US dollar"
http://www.wired.com/2014/12/t-coin/
https://twitter.com/bitpump/status/543403723767418880
bornil267645
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Activity: 406
Merit: 250
AltoCenter.com
⇾
Re: BitDollar is like beer without alcohol...
December 12, 2014, 02:03:28 PM
#2
If that's the case... I am pretty sure I won't like... I never liked bitcoin without a bit of alcohol.
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Bizmark13
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Activity: 462
Merit: 250
Re: BitDollar is like beer without alcohol...
December 12, 2014, 05:30:57 PM
#3
For those who don't frequent the altcoin forums, it might be surprising to know that there already are decentralized and semi-decentralized cryptocurrencies and cryptosecurities out there which have tied their value to that of USD. None are officially backed by the government but instead use complex schemes to minimize volatility and maintain a consistent value.
All have worked pretty well so far. Examples include NuBits (Peercoin), BitUSD (BitSharesX), and CoinoUSD (NXT and Coinomat).
kilminukas
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Merit: 10
Re: BitDollar is like beer without alcohol...
December 12, 2014, 05:35:49 PM
#4
what means backed with usd?
botany
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Activity: 1582
Merit: 1064
Re: BitDollar is like beer without alcohol...
December 13, 2014, 08:34:27 AM
#5
Quote from: bitpump on December 12, 2014, 01:57:38 PM
"bitdollar = digital currency backed by the US dollar"
http://www.wired.com/2014/12/t-coin/
https://twitter.com/bitpump/status/543403723767418880
You lose out the biggest advantage of Bitcoin - a fixed money supply and protection from inflation using this.
You wont find bitcoin enthusiasts jumping with joy on seeing this.
start the art
Sr. Member
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Activity: 395
Merit: 408
Bitcoin OG artworks collection
Re: BitDollar is like beer without alcohol...
December 13, 2014, 09:25:02 AM
#6
I expected it before.
It is easier to do this than to buy bitcoin on 350 usd
www.kutuzovik.art
lihuajkl
Legendary
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Activity: 1596
Merit: 1000
Re: BitDollar is like beer without alcohol...
December 13, 2014, 02:37:44 PM
#7
BitDollar is centralized digital currency and contradicts our pure cryptocurrency idea. It likes the relationship between Apple Pay and bitcoin. If BitDollar comes out, I believe it will be popular and adopted by existing dollar holders quickly!
edward_cullen
Newbie
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Activity: 28
Merit: 0
Re: BitDollar is like beer without alcohol...
December 13, 2014, 03:19:38 PM
#8
Already exists:
https://nubits.com/
oblivi
Hero Member
Offline
Activity: 700
Merit: 501
Re: BitDollar is like beer without alcohol...
December 13, 2014, 03:54:44 PM
#9
Quote from: kilminukas on December 12, 2014, 05:35:49 PM
what means backed with usd?
It means is a scam. If you want to stay within the USD realm in a digital way just use credit cards lol. I agree with OP its like a cake without sugar or sex with condom.
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