Post
Topic
Board Altcoin Discussion
Re: This will not work how the creators' had planned
by
mindrust
on 16/06/2019, 16:26:57 UTC
I don't understand this, BTC2 coins backed by BTC 1:1 according to who? Who's guaranteeing this? Roger? Jihan? Who?

You can't compare it to USDT neither, USDT is 1:1 USD because Tether Corp/Bitfinex guarantees it. It is a centralized company. As a company they said that they have the actual USD to back Tether up.

Who's behind BTC2? Do they have the BTC to back BTC2 up?