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Wondering why a centralized authority for a stablecoin needs to use a blockchain at all. This is classic company scrip / money transfer business: keep a ledger
by dsr_ 8y ago
Wondering why a centralized authority for a stablecoin needs to use a blockchain at all.
This is classic company scrip / money transfer business: keep a ledger of transactions, publish your fees, register as an EFT company, follow the regulations.
Facebucks.
- gwbas1c 8y agoPerhaps because the plan is that, once the cryptocurrency is actually used for cash with a stable value, they won't prop it up? That's basically what happened when the USD was no longer backed by gold.