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Instead of the speculative market, why hasn't any of the coins been pegged to a currency like USD or Swiss franc so that it can actually be used more as a currency?

I've read a little about Tether, and that some of the others in this category have failed. Is it a difficult space because it needs some sort of regulation / management vs the decentralization that is promised by cryptocurrencies?

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Who controls the production of such a system?

Currently tether is presumed to be manipulated by its maintainers.

https://medium.com/@bitfinexed/latest

Well, that's why I was posing the question to you since you seemed more knowledgeable about all this. I've only started to take time to catch up on this since the past weekend. Not to invest/speculate in the currencies but I figured it was time to learn more about the blockchain technology itself.

Re: Tether - I had only came across that they were 'hacked'. Didn't know anything about fraud. Thanks for the link.

Tether prices do not seem to reflect this presumption.

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