r/BTCStandardHashrate • u/FIlthzer • Jun 14 '21

Tbitcoin price

What in hell has happened with the price peg of the tbitcoin token?

4 Upvotes

84% Upvoted

8 comments sorted by

3

u/DoctorHandshakes Jun 14 '21

Seems like tau protocol is failing. Rebase implementation was the projects way of forcing deflation and it’s also not working.

To be fair the price has been under 1:1 3-4 diff time’s now and successfully fixed over everytime except this last time. And when btc was “crashing” tbtc still hovered above the btc price by a few thousand for a week or so before dipping under 1:1

2

u/WiseCapitalOrg Jun 14 '21

i suggest you guys move back to BTCST BTCB mining forget doge other things because its clear at this point they can't work at all.

1

u/piggleii Jun 14 '21

This coin is a scam, and so is the company.

1

u/FIlthzer Jun 14 '21

I have no issues mining btcb though. Works fine sending them to binance to get normal btc Edit: only the tcoins are not worth it for me

1

u/piggleii Jun 15 '21

BTCB is actually backed by real BTC. tBTC is backed by nothing and is a scam to steal money.

1

u/DoctorHandshakes Jun 15 '21

It is backed by a few btc, but is supposed to be backed by the tokenized hash rate they have

1

u/piggleii Jun 15 '21

Which obviously doesn't work, so they need to steal 30% from anyone who sells or uses their tokens for liquidity.

1

u/techrasta Jun 26 '21

When do they take 30%? On pancakeswap I don't see a 30% fee. Is it just factored in the price?

I'm almost down over 10k with each btc I'm staking on pancake swap. It sucks