“Crypto coins backed by a fiat currency, like the US dollar.”

Discussion in 'Cryptocurrencies' started by dealmaker, Sep 12, 2018.

  1. dealmaker

    dealmaker

    ""
     
  2. Stupid...
     
    Clubber Lang likes this.
  3. pipeguy

    pipeguy

    What would you expect from the outright hoax?
     
    Clubber Lang likes this.
  4. Isn't Ripple backed by the banks?
     
  5. If they're pegged to the USD what's the point of trading them and not just trading the USD?
     
  6. Total junk.. the whole idea of Bitcoin was the ability to get away from a government inflated currency.... My deal is if I have any cash sitting around I transfer it into brokerage account and put it into SLV or GLD.. nowadays you can do that in 5 minutes by creating an account with one of the Brokers that donchargerge any fees
     
  7. Here4money

    Here4money

    Let's you exit out of trades into a stable "currency". Most exchanges don't do crypto trades against the dollar but rather do so against another crypto. The stable coin of choice has been Tether, but they're a bit sketchy about the funds backing that coin.