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RE: USDONE : Combines Stability and Earning in One Token
Intersting idea...
How about weekly "audit"/ "proof of reserve of the backing" of the coins.
Intersting idea...
How about weekly "audit"/ "proof of reserve of the backing" of the coins.
This is good idea. We have it in our plans. Frequency will be optimized so that it does not increase cost of storing in one place and managing the stability, return, and liquidity obligations.
But you deserve the token from us to provide genuine advice.
Woh cool thanks!
No problem. It a very cool thing to see Steem have now. I would recommend you guys get a domain(which I also assume your working on?) to market the new token. The idea is very good but risky. I'll see after the reports and assume others too before investing into it. Is the team planning on going public? That would bring more trust to the stablecoin. But nonetheless wish you luck :)
We must trust in blockchain.
But honestly the commented I mentioned was done to negate Tether criticisms. Yes you can trust the blockchain but the funds are still mainly controlled by the account holders so still single point of failure...
You are right. Periodic audit of fund holdings on blockchain should help reduce the concern.
And ourselves :P