THELOGICALINDIAN - The acreage of the backward Columbian biologic aristocrat Pablo Escobar which is said to be amenable for endless murders and at one point as abundant as 80 of the cocaine entering the United States has alleged the abidingness of stablecoin crypto Tether into question
Escobar Inc. affairs to barrage an antecedent bread alms (ICO) for a new Ethereum-based stablecoin called to the U.S. dollar, that will battling accepted bazaar baton Tether.
Escobar Sets Sights on Ousting Trump and Tether From Leadership Positions
Roberto Escobar, brother and above bookkeeper for Columbian cocaine arbiter Pablo Escobar, and Escobar Inc. are advancing to barrage an antecedent bread alms for a new dollar-pegged stablecoin alleged ESCOBAR. According to the white paper, ESCOBAR will be an Ethereum-based ERC20 badge angry 1-to-1 to the U.S. dollar, accept a anchored one billion supply, and like Tether, will be redeemable for concrete authorization dollars starting in June.
While ESCOBAR’s actuality is primarily focused at unseating United States President Donald Trump, ESCOBAR is additionally actuality positioned as a allegiant adversary for Tether.
Escobar Inc. had auspiciously aloft $10 actor against its “Impeach Trump Fund” via a GoFundMe attack that was eventually pulled by the crowdfunding belvedere afore extensive its $50 actor goal. Escobar Inc. CEO Olof Gustafsson said that the censoring of the attack prompted the conception of the new crypto, which the close will use to abstain centralized platforms that could abide to be a hurdle for the company’s fundraising efforts.
Related Reading | Tether Will Issue Tokenized US Dollars on the Ethereum Blockchain
The close appears to be asleep set on impeaching the arguable U.S. President, but accept additionally focused their crosshairs on the arguable dollar-pegged crypto Tether, which is currently the arch stablecoin on the market.
Escobar Inc’s COO Daniel Reitberg said that ESCOBAR will be appear “in 2019 as a stablecoin another to the USD Tether,” abacus that he and his aggregation “do not assurance the USDT.” Reitberg appropriate that Tether and added stablecoins are operated by “unknown companies” and instead bodies should use ESCOBAR due to Roberto Escobar’s clue almanac of earning “hundreds of billions of dollars throughout his career.”
The crypto association is quick to alarm out Tether as a shady, untrustworthy operation, however, the accusations assume alike added anathema back the acreage of a bunch arbiter that is alone amenable for the deaths and adversity of hundreds and bags of individuals confidently calls the abidingness of the stablecoin into question.
From Diet Bitcoin to ESCOBAR, Escobar Estate Is Infatuated with Crypto
Last year, the acreage of Pablo Escobar additionally launched addition ICO for a Bitcoin adamantine angle called Diet Bitcoin (DDX). At the time, Reitberg encouraged investors to “buy as abounding Diet Bitcoin’s as you can afford” because the “value will be actual high.”
The amount isn’t “very high” currently, at aloof 1 cent per DDX token. Early investors were able to snag anniversary DDX badge and a “discounted” amount of $50 for the aboriginal 300,000 coins, while aftermost minute investors paid as abundant as $1,000 per token.
Related Reading | Pablo Escobar’s Younger Brother Launches Diet Bitcoin Crypto
Diet Bitcoin’s amount ailing at $0.96 according to CoinMarketCap abstracts afore falling aback to a penny.
Roberto Escobar additionally bound a book about Diet Bitcoin, and in it claimed that abstruse Bitcoin architect Satoshi Nakamoto was absolutely a advanced for the CIA, who were the absolute creators of the first-ever cryptocurrency. Escobar believes that one day the CIA will advertise all of Satoshi’s coins, abolition Bitcoin’s amount to “almost zero.”
“Keep the Ethereum, Accumulate the TRON, accumulate the Ripple, accumulate the Bitcoin. You will see what happens. They will all go to zero, about zero. But not my coin. Because my coin, this is activity to be my new assignment in life,” Escobar claimed.
