I just want transparency in a product like this. Tether is screwing that up. If the new guy can prove they have the cash sequestered and provide continuous updates from a credible accounting firm, I'd use this over tether.
I think you have the wrong idea...theyre doing a dual token system so the value isn't pinned to fiat or gold. The collateral is what keeps the price stable. Read their wp:
https://havven.io/uploads/havven_whitepaper.pdfthx for this. was on another thread talking about this and it has lots of potential. it's in their best interested to keep the project going because as the network of users gets bigger, the better.