lol... in the presale thread it was explained that you can buy bitUSD with Notes, so you can buy Artistcoin in the next step...
so what you are saying is that it will be another bitUSD? but i can buy Artistcoin with bitUSD which is being traded on bter
If both bitUSD's are pegged well and therefore fungible the exchanges might offer a bridge....but...your point is well taken. It would be a confusing nightmare.
However, I don't see why they couldn't be transfered back and forth via Bter. The biggest roadblock to fungible is perhaps that one is backed by BTS and another by NOTES.
Yes that why you probably need to name them differently. bitUSd, notesUSD, playUSD etc. It is still confusing ..
If BTER had NoteUSD you could trade between BTS and Music chains if they would do NOTE/bitUSD and BTS/NoteUSD pairs. I guess it's not that much different than current USD held at bricks and mortar banks. Until recently it was not easy to transfer ChaseUSD to WellsFargoUSD and certainly not for free or quickly.
The BankUSD analogy doesn't work. This is why you only see one fiat USD on every exchange. With pegged assets you must specify the chain, BitUSD and NoteUSD are two different assets even though they are both pegged to USD.
BitUSD on the BitShares chain should be looked at as the standard currency of the entire BitShares ecosystem.
Pegged assets on a BitShares fork are better defined as low volatility units of account for that specific DAC.