Hi newbie here, I didn't grasp all the information regarding bitshares so apologies if the following doesn't make sense...
As you mentioned in one of your videos, all BTC are not equal, the value of the BTC on different exchanges can vary based on things like the perceived riskiness of the exchange & expected time delay for receiving fiat.Is it possible that Bitusd will trade at a slight discount to a real USD?
Because in order to make a bitusd into a real USD you will still have to go through an exchange. So even though that is not the purpose of your exchange, I think the market will price in the avg. fees, risks and time delay associated with changing a bitusd to real USD?
As also won't the biggest market for bitusd be real world merchants (or companies that service those merchants)?
Right now most merchants don't want to sell for BTC because they don't want to be exposed to the volatility but they may happily sell for Bitusd because then they can capture the BTC market without BTC volatility risk but only if the bitusd price reflects the costs to them of changing Bitusd into real USD. (Unless service companies can deposit real $ into merchants accounts in exchange for Bitusd for less than a 2.5% service charge, then I guess they BitUsd could = Real Usd if merchants are the ones willing to take the fee in exchange for access to the crypto-market the way they currently do with credit cards.)
Edit: I guess bitpay already offers the above service/market to merchants.