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Topic: A Coin backed with FIAT money and Investment Account? (Read 823 times)

full member
Activity: 138
Merit: 100
Are they Pos?

I thought BTSX was DPoS, whatever that is, but I don't know about BITusd.

BTSX is POS yes. bitUSD is one of many market pegged assets trading on the BTSX chain. Read more about them here: https://bitsharestalk.org/index.php?board=3.0

DPOS != POS.

I thought so, what is it, and is bitUSD DPOS too?

BitUSD is on the same chain, so yes. Check out the links to the wiki and the whitepaper in my first post.   Grin
member
Activity: 78
Merit: 10
Are they Pos?

I thought BTSX was DPoS, whatever that is, but I don't know about BITusd.

BTSX is POS yes. bitUSD is one of many market pegged assets trading on the BTSX chain. Read more about them here: https://bitsharestalk.org/index.php?board=3.0

DPOS != POS.

I thought so, what is it, and is bitUSD DPOS too?
hero member
Activity: 546
Merit: 500
Well that defeats the entire purpose of cryptocurrency.


Actually no. Cryptocurrency like this acts like a share for its backed value. It would not pretend to be a payment instrument, but rather like an easy access investment instrument.
hero member
Activity: 546
Merit: 500
Bitshares and its derivatives are not exactly backed by FIAT or anything else. They are still speculation based, much like bitcoin.
full member
Activity: 138
Merit: 100
Are they Pos?

I thought BTSX was DPoS, whatever that is, but I don't know about BITusd.

BTSX is POS yes. bitUSD is one of many market pegged assets trading on the BTSX chain. Read more about them here: https://bitsharestalk.org/index.php?board=3.0

DPOS != POS.
legendary
Activity: 1146
Merit: 1000
Are they Pos?

I thought BTSX was DPoS, whatever that is, but I don't know about BITusd.

BTSX is POS yes. bitUSD is one of many market pegged assets trading on the BTSX chain. Read more about them here: https://bitsharestalk.org/index.php?board=3.0
full member
Activity: 138
Merit: 100
Are they Pos?

I thought BTSX was DPoS, whatever that is, but I don't know about BITusd.

All DACs based on the BitShares toolkit are secured by DPOS: http://wiki.bitshares.org/index.php/DPOS

DPOS whitepaper: http://v3.bitshares.org/security/delegated-proof-of-stake.php

BitSharesX is a decentralized bank and exchange DAC; recently the BitsharesX market launched, which is the first decentralized exchange to implement market assets that are pegged to the value of real world commodities such as the USD, GLD, SLV, etc. bitUSD is the first of these assets that started trading.

member
Activity: 78
Merit: 10
Are they Pos?

I thought BTSX was DPoS, whatever that is, but I don't know about BITusd.
legendary
Activity: 1146
Merit: 1000
Take a look at BTSX and BITusd. The closest thing to fiat money on a blockchain.
sr. member
Activity: 364
Merit: 250
I'm really quite sane!
Well that defeats the entire purpose of cryptocurrency.
member
Activity: 78
Merit: 10
Maybe Ven, but I don't think it's PoS.

http://en.wikipedia.org/wiki/Ven_(currency)
hero member
Activity: 546
Merit: 500
A very low inflationary PoS crypto-currency which is entirely backed with Investment account and tied to FIAT money.
A coin which is sold and bought on demand and supply, - and acts like a share of the portfolio.

Is there any of those out there yet?





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