Post
Topic
Board Announcements (Altcoins)
Re: Introducing HonestUSD: Transparent and USD-backed Stablecoin
by
samsunwater
on 24/01/2018, 23:34:36 UTC
How many million coins do you plan to mint per day?
   
  As I mentioned above, we only mine more coins when backed up with US Dollar. Also, any decision to mine coins must be approved by the majority of the Transparency Committee who will be figures selected through votes from the crytocurrency community.

Non volatile coin, why in the hell we would want that?  Now the value of your coin is 1 usd, in 10 years same 1 usd, Better buy Bitcoin or any shitcoin, the value in 10 years will be 100000% more than your coin.

Thanks but no thanks, sorry to say, but stupid idea.

I understand what you mean from the point of view of a trader looking to make profit but you have to understand we have people who want a stable coin in times of BTC volatility(only reason why we use Tethers). Also, think about online sellers who are scared of the instability of crypto prices but want to take advantage of fast, low-fee blockchain transactions. Stable coins have a lot of applications.