anyone what do you think of bitsharesX? can we Implement the Same in XC in the Near Future? Anyone knows how anonimous is their anonimity system? Isn't 6k satoshi redicolous for 2billions coins? is it justified?
Someone knows more about this new blockchain? I just discovered it today
don't you realize it is extremely dangerous right now due design flaw.
semi-centralized and controlled by delegates.
is that against the BTC starting point?
No I don't know anything about this project. The Idea kick ass big time tough:
"BitShares X is a family of DACs that implement the business model of a bank and exchange. These distributed autonomous credit unions could rival the value of the largest banks in the world such as JP Morgan and Bank of America in just a few years. BitShares X offers a bank account where funds can be transferred in seconds anywhere in the world with more privacy and security than a Swiss bank account. Your account can never be frozen, your funds cannot be seized, and the bank can never face collapse due to loan defaults or fraud. All of this is made possible without requiring any employees, lawyers, regulatory compliance, vaults, buildings, and other infrastructure required by traditional banks. Unlike existing banks, you can hold your balance denominated in gold, silver, oil, or other commodities in addition to national currencies.
In addition to acting as a bank, BitShares X also serves as an exchange where currencies, commodities, and stock derivatives can be traded with most of the features used by professional traders including shorts and options. The bank takes a cut on every transaction and pays these transaction fees to the delegates and then shareholders by way of the Burn Rate. BitShares X can achieve this feat using the same technology that makes Bitcoin possible - irrevocable decentralized automated consensus forming. The market capitalization of shares in this new bank will exceed two times the value of all balances in gold, silver, oil, and currency accounts. This requirement allows for 200% reserve collateralizing the value of all deposits in the bank. "
Can we do something similar with XC using our anonimity system as well?
Why do you say it is flawn? what is the design flaw are you referring to?