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Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by wslh on Tuesday December 05, 2017 @10:25AM (#15852242)
What is a Pegged Cryptocurrency? https://themerkle.com/what-is-a-pegged-cryptocurrency/

You can decide to talk about stable coin approaches which is a more precise term.

Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by jnbiche on Tuesday December 05, 2017 @10:37AM (#15852330)
Sorry, that's incorrect information. I've been to several countries that have pegged their currency to USD or to (long time ago) Deutsche Marks, without every claiming to the same currency in reserve. It leads to currency black markets, but it's possible to do and many countries have done it in the past.

I mean, even China had a currency peg not too long ago. It was an enforced exchange rate, nothing more. No explicit reserve backing it up.

Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by wslh on Tuesday December 05, 2017 @12:31PM (#15853446)
Not in the cryptocurrency field. In this field pegging has a precise meaning.