OpenLedger's open.BTC is exactly the same as BTC an exchange like coinbase, circle, poloniex, bitrex, or Mt. Gox. Those should be called base.BTC, circle.BTC, polo.BTC or gox.BTC. Someone else is controlling the private keys. OpenLedger is simply more honest about it!!
You can buy bitBTC which is strongly pegged to BTC and YOU control the keys. or buy BTS (bitshares) or peerplays or obits or any one of the bitshares smart-coins or user issued assets (UIAs).
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Your clarification that the exchanges should use terminology like base.BTC, circle.BTC, polo.BTC or gox.BTC clears a lot of confusions.