Timeline for Is it possible to create new token at specific amount of USD Dollars?
Current License: CC BY-SA 3.0
5 events
| when toggle format | what | by | license | comment | |
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| Jun 29, 2017 at 20:52 | comment | added | ThickMiddleManager | Have a look at the gold certificates wiki: en.wikipedia.org/wiki/Gold_certificate The gold certificates traded both at above par and below par depending on the time and political factors. The government eventually decided to print money when it wanted and abandoned the gold standard. Those left holding certificates after the redemption date were completely SOL, unless they held a very long time, and then the collectible value exceeded the face value due to the scarcity. | |
| Jun 29, 2017 at 20:46 | comment | added | ThickMiddleManager | You can issue a token as an open ended contract for delivery of an asset, but it's possible they go out of business, or the supply of gold dries up (for whatever reason). My point is that you cannot ever define value exactly with a derivative product. People might all agree that USDT tokens are worth $1, and a company might exchange them at par, but the derivative product is always subject to the risk of market forces. In practice, you give up about .5-1% to exchange in and out of USDT, but when there are runs during volatile days, the price spikes. | |
| Jun 29, 2017 at 16:44 | vote | accept | NineCattoRules | ||
| Jun 29, 2017 at 7:01 | comment | added | NineCattoRules | I read your link...however I don't understand how for example here can have a DGX coin that has a value of 1 Gram of gold then. | |
| Jun 28, 2017 at 19:26 | history | answered | ThickMiddleManager | CC BY-SA 3.0 |