RE: What you NEED to know about USD Tether + get 100SP delegated by commenting!

[yesaye]

Informative video @ddangerwu.
I've two questions regarding it:

1. You suggested an alternative of using the assets in Bitshares network. Is that safe because it uses Bitcoin instead of USD?
2. You mentioned it's easier to use Tether for transaction purposes? It's not clear to me as to how it is so. Could you elaborate on that please?

Also, I'd love to get the SP delegation. Would help in giving my curation a better impact and I'll be able to support the quality Steemians better!
Thank you!

Comments

[sames]

Bitusd is backed by bitshares, which is platform created by @dan
Tether is like moveable usd. You want the power of usd without being told/wait to use the usd. Crypto that= $1.

[yesaye]

Thank you for clarifying @sames!
What kind of 'wait' is there in case of USD?

[sames]

If you want to sell in USD and withdraw you have to verify it and let it go back to bank account which can take time. Then you use that USD to buy more crypto. tether is a USD peg crypto. It acts like crypto but appears to equal to one dollar. It more of a trader tool no more

[yesaye]

Oh, understood.
The trader will however have to incur that waiting period only when they finally withdraw their money invested in crypto, right?

[yesaye]

Oh, understood.
The trader will however have to incur that waiting period only when they finally withdraw their money invested in crypto, right?

[ddangerwu]

1. bitshare's smart assets are safer because they use a collaterized debt system, in which there is guaranteed equal value backing up the asset.
2. you can trade tether for a lot more coins than just btc, giving you more liquidity

[yesaye]

1. Got it.
2. We could trade/buy coins with USD as well though, couldn't we? Unless there's some kind of waiting period?

[freedomshift]

Trading to get real USD on coinbase.com and it is linked to your bank account - wire transfer to and from - is my preferred way.