RE: A digital currency to preserve wealth. by nany87

Viewing a response to: @hatu/a-digital-currency-to-preserve-wealth

bitcoin · @nany87 · Dec 16 '18

$0.04

According to the unusual behavior of this digital currency, it is estimated that the measure could increase the current value of the Bitcoin and take it to 15,000 or 20,000 dollars since 45% of the Venezuelans could begin to opt for this much coveted currency, which would motivate Bicoiners from other nations such as China, South Korea and Russia among others in the world to significantly increase their investments in that currency.

👍 hatu, beyondsee

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@hatu · Dec 16 '18

I won't speculate on the price point it would allow BTC to reach, but KAU should have a positive impact on digital currencies.

👍 beyondsee, thegames

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@beyondsee · Dec 17 '18

You are joking, are you serious? It just sounds like another stable digital currency, such as USDT.

👍 beyondsee

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@hatu · Dec 17 '18

Tether owners do not own the dollars that back Tether. The gold that backs KAU tokens is owned by the KAU holders. On top of that, gold, unlike fiat, appreciates in the long run. 

On the utility aspect, KAU is spendable at any point-of-sale system; since when can Tether do that?

👍 thegames

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