BitUSD is pegged to the value of real USD. That means 1 BitUSD today will be worth 1 real USD tomorrow, without issuing an IOU. There is no IOU with BitUSD and it is backed by 300% collateral.
ShapeShift.io is the leading instant digital asset exchange, supporting dozens of blockchain tokens including Bitcoin, Ethereum, Monero, Zcash, Dash, Dogecoin and many more!
Austrian economics is one of these impenetrable black boxes that you hear referenced occasionally but that has little meaning for many people.
Recently I was perusing Cameron Harwick's blog, Thrica wh...