It seems to be just a decentralized exchange.
But I dont understand why people would buy shares instead of just buying some real bitcoin you can use...
Topic: what do you think the BitShares are? - page 2. (Read 1193 times)
The most of invest is Chinese, and almost all of wholes are Chinese too.
Sure lot of Chinese people don't like it as me.
Sure lot of Chinese people don't like it as me.
I have seen that before too but yet to be convinced. Where do all these Chinese buyers discuss and find out developments about Bitshares? There must be a huge number of posts somewhere.(bitsharestalk has only 34k posts in the Chinese thread against 62k in the general thread, so you'd expect to see more english posters on BTT (twice as many as in any Chinese repository you might find)).
I asked before but got no answer.
I still don't understand or get the point of what BitShares are. I mean, why would you hold what seems like USD tokes to me? you either hold the real thing or hold BTC.
The most of invest is Chinese, and almost all of wholes are Chinese too.
Sure lot of Chinese people don't like it as me.
Sure lot of Chinese people don't like it as me.
BitAsset derivatives are supposed to hold the value of the assets they are designed to track (the peg)
Currently, to buy 1 BitUSD = $1.18* (it should be held at $1 if working properly and the economic incentives are aligned)
* http://www.bitsharesblocks.com/asset/orderbook?asset=USD (You can buy 1 BitUSD for 288.54 BTS > equivalent of $1.18)
If a naive mom and pop merchant bought BitUSD to hedge the currency risk today, then they would lose ~15% (0.18/1.18) of their money the peg ever corrected to $1 like it is supposed to track.
The peg has broken but the most curious thing is that nobody seems to care. No one has mentioned it here and the marketcap hasn't dived. "The peg will be tighter when liquidity increases". True, but why would liquidity increase if the product doesn't do what it is designed to? A very strange market in BTS.
Currently, to buy 1 BitUSD = $1.18* (it should be held at $1 if working properly and the economic incentives are aligned)
* http://www.bitsharesblocks.com/asset/orderbook?asset=USD (You can buy 1 BitUSD for 288.54 BTS > equivalent of $1.18)
If a naive mom and pop merchant bought BitUSD to hedge the currency risk today, then they would lose ~15% (0.18/1.18) of their money the peg ever corrected to $1 like it is supposed to track.
The peg has broken but the most curious thing is that nobody seems to care. No one has mentioned it here and the marketcap hasn't dived. "The peg will be tighter when liquidity increases". True, but why would liquidity increase if the product doesn't do what it is designed to? A very strange market in BTS.
I'm looking into bitreserve or tether but nothing beats Bitcoin
are you talking about the coin or the decentralized exchange(i wasn't even aware that there was one that's good)?
https://bitshares.org/ is this something new? i just found it today
https://bitshares.org/ is this something new? i just found it today
Do you think BitShares has the strength to further development?
Jump to: