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Offline Rune

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Not introduced by ethereum, it's just done on top of it. There were several dapps trying to make their own pegged currencies on ethereum, but I wanted to unify it with the right formula to create a token to use on ethereum dapps (since the market pegged design is the superior way to do it). It will also partially be leveraging the stability of bitUSD to reduce risk (assuming it becomes possible for the contract to hold it with a two way peg).

Offline Riverhead

It will also partially be leveraging the stability of bitUSD to reduce risk (assuming it becomes possible for the contract to hold it with a two way peg).

You mean hedging edollar with bitUSD?

Offline Rune

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It will also partially be leveraging the stability of bitUSD to reduce risk (assuming it becomes possible for the contract to hold it with a two way peg).

You mean hedging edollar with bitUSD?

If we can figure out a way to get bitUSD onto the ethereum block chain, then it can serve as a source of diversified collateral that is highly isolated from certain kinds of risk, such as the risk of seizure. There could always be a (continously growing) pool of bitUSD held transparently and locked in a smart contract that would be backing eDollar in case of a black swan event, kinda like the rainy day fund on bitshares, but with diversified assets.

Offline xeroc

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@Rune, how come you are so active in ethereum nowadays? I was wondering why I don't see you around here that often anymore..
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline cass

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@Rune, how come you are so active in ethereum nowadays? I was wondering why I don't see you around here that often anymore..

curious also!
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Offline davidpbrown

Last I saw of Ethereum was talk that they were burning through money and it seems that have a long way to go. If there are no hipcups with such ambitions, I will be very surprised. I always liked the proposal but never invested as seemed a stretch too far. Simple projects are struggling with the basics and Ethereum proponents that I've seen appear hellbent on confronting the establishment and kicking up a storm.. who needs laws etc. So, I've a mind to sit a watch that one and learn from it, expecting it'll evolve later perhaps by partnering with another effort like BitShares.

eDollar also reminds me of the comedy that is eMunie :D
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Offline yellowecho

What are performance specs and associated costs to secure the network compared to BitShares?
696c6f766562726f776e696573

Offline xeroc

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@Rune, how come you are so active in ethereum nowadays? I was wondering why I don't see you around here that often anymore..

curious also!

"I was delighted to find out that even with just my meager programming skills, developing for Ethereum is so incredibly easy"
I see .. and it totally makes sense to me .. I wish him good luck and that he learns alot from coding there :)

What are performance specs and associated costs to secure the network compared to BitShares?

AFAIK Ethereum will be a 'slow' but decentralized computer .. it will in the beginning be secured by proof-of-work until they switch over to POS eventually
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

zerosum

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Ok... Generally Ethereum meets BitShares' bitAssets (*1 stripped down version of the feed-based assets, btw). A bit of Nubits style market making is sprinkled on top of this.



Questions/Thoughts/Info requests:

 - Badly lacking info on 1.how those price feeds gonna work and  2.why they will be decentralized. ( the writing talks about buying ONE feed, that's about all the info there is)

 - Very interested how this centralized entity ( Maker operator ) will add those other different collaterals (other than the native ether). Hope Rune shed some light when he gets to coding those.  :)



*1 essentially everybody is 'shorting' eDollar to themselves at will with 0% yield.
« Last Edit: March 27, 2015, 05:44:26 PM by tonyk2 »

Offline onceuponatime

Ok... Generally Ethereum meets BitShares' bitAssets (*1 stripped down version of the feed-based assets, btw). A bit of Nubits style market making is sprinkled on top of this.



Questions/Thoughts/Info requests:

 - Badly lacking info on 1.how those price feeds gonna work and  2.why they will be decentralized. ( the writing talks about buying ONE feed, that's about all the info there is)

- Very interested how this centralized entity ( Maker operator ) will add those other different collaterals (other than the native ether). Hope Rune shed some light when he gets to coding those.  :)



*1 essentially everybody is 'shorting' eDollar to themselves at will with 0% yield.

I can't find Rune's original post on this project. Could you provide the link please?

Offline speedy

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Is anyone else worried that before BitShares becomes profitable, Ethereum might just copy BitAssets completely? Of course they would need the surrounding infrastructure to make it usable such as a tradeable web wallet, but they do have a much larger developer base.


Offline Troglodactyl

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Is anyone else worried that before BitShares becomes profitable, Ethereum might just copy BitAssets completely? Of course they would need the surrounding infrastructure to make it usable such as a tradeable web wallet, but they do have a much larger developer base.

Is anyone worried that before Ethereum becomes profitable, BitShares might copy any innovation it provides completely?

 

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