Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Announcements (Altcoins)
Re: Money on Chain - Bitcoin-Collateralized Stablecoin
by
Bowtiesarecool
on 17/09/2019, 18:07:31 UTC
Quote from: jillscarbrough on September 17, 2019, 02:51:53 PM
Quote from: Bowtiesarecool on September 16, 2019, 06:45:17 PM
Quote from: Maritu on September 11, 2019, 07:41:54 PM

The difference is that it is the first stablecoin with bitcoin as collateral with focus on decentralization and with every transaction made through smart contracts.

And therein lies the problem.
Focused on decentralization? What stablecoin is not focused on decentralization after all, they are issued on decentralized protocols.
Yes, you can argue that they are issued by centralized authorities/entities, but are you not just the same?
And smart contracts? I can't boldly argue all stablecoins have smart contracts, but I can certainly argue all stablecoins issued on Ethereum protocol do - USDC, PAX, TUSD... can even toss BUSD too despite being BEP2

 I'm with you....  Grin

Hoping their next response will clarify these contradictions... not holding out hopes based on previous history though. I do know it's difficult to come up with new products in the blockchain industry that will turn heads. However, if it ain't broken and you're not improving on the existing, it sure does beg the question "why?".